L'année de formation
Knowledge of financial markets (Core fundamental)
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Financial Derivatives
Financial Derivatives
Ects : 3
Enseignant responsable :
AYMERIC KALIFE
Volume horaire : 24
Description du contenu de l'enseignement :
Derivatives products, models and uses
To give an all round comprehensive knowledge and understanding of the theory and the day-to-day use of derivatives contracts. aims at “demystifying” key derivatives products, widely used to hedge existing market risks, to speculate on the future movements of market variables or more generally to taylor the return distribution of a portfolio.Coefficient : 1.5
Compétences à acquérir :
Master the theory of derivatives products and how banks and corporate treasuries use Financial Options alike in the management of risks, for trading, hedging and arbitrage and their role in the day-to-day running of the finances of businesses.
Mode de contrôle des connaissances :
Take home exam : trade idea + VBA programming project
Table exam
Bibliographie-lectures recommandées
John C. Hull: Options, Futures,& Other Derivatives, Prentice Hall
Paul Wilmott: Derivatives: The Theory and Practice of Financial Engineering
Nassim Taleb: Option pricing & dynamic hedging
Natenberg: Option pricing & Volatility
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Fixed income I
Fixed income I
Ects : 3
Enseignant responsable :
ARNAUD LEVY RUEFF
Volume horaire : 24
Description du contenu de l'enseignement :
Fixed Income products, models and uses
To give students a broad understanding of the fixed income products and uses, both qualitatively and quantitativelyCoefficient : 1.5
Compétences à acquérir :
Master Fixed income products, strategies and models.
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International finance
International finance
Ects : 3
Enseignant responsable :
EVGENIA PASSARI
Volume horaire : 24
Description du contenu de l'enseignement :
- Foreign Exchange Market Structure
- Real Exchange Rate and Purchasing Power Parity
- Exchange Rate Determination
- Currency Risk Management and Hedging InstrumentsCoefficient : M1 Finance - FI ==> Coefficient 0.5<br /> M1 Financial Markets ==> Coefficient 1.5
Compétences à acquérir :
At the end of this module, the student will have a thorough foundation of the key concepts and a solid understanding of selected topics in international finance. In particular, the student (1) will be acquainted with the main theoretical models used to understand FX markets, (2) will be able to understand the impact of economic events on currencies, (3) will be able to explain how FX markets actually work in practice, and (4) will be familiar with the basics about currency trading.
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Investment and financial markets
Investment and financial markets
Ects : 6
Enseignant responsable :
FABRICE RIVA
Volume horaire : 36
Description du contenu de l'enseignement :
Agenda
Part 1: Stock exchanges, the organization of trading and trading costs
Part 2: Return, risk and portfolio theory
Part 3: Attitude towards risk and asset pricing models
Part 4: Informational efficiency
Part 5; Practical applications of asset pricing modelsCoefficient : 1
Pré-requis recommandés :
Though there will be brief reminders during the classes of the mathematical and statistical tools that are needed to understand the various concepts used in the course, students must have some prior knowledge of the following concepts: calculus (derivatives, Taylor expansion), probability (discrete and continuous variables, moments, covariance, correlation), statistics (sample estimators, linear regression), linear algebra (matrix operations) and optimization (Lagrangian).
Compétences à acquérir :
Course objectives:
To understand the functioning of markets, trading costs, and liquidity
To understand the concepts of risk, diversification, and portfolio theory
To understand asset pricing models
To understand the incorporation of information into prices and how prices behave in efficient markets
To understand how to use asset pricing models for fund performance evaluation, firm valuation, and investment decisions
Bibliographie-lectures recommandées
Berck K. and P. De Marzo, “Corporate Finance”, 4th edition, Pearson
Modelling of financial Markets (Core fundamental)
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Financial Econometrics I
Financial Econometrics I
Enseignant responsable :
GAELLE LE FOL
Volume horaire : 24
Description du contenu de l'enseignement :
Simple and multiple linear regression models, inference and diagnotic tests
To provide participants with the basic skills and knowledge necessary to undertake empirical research and to prepare them to the advanced course in Econometrics of Financial MarketsCoefficient : 3 ECTS / Coefficient 1.5 ==> M1 Financial Markets
Compétences à acquérir :
Theoretical and practical knowledge of linear regression models estimation technics. Being able to set up an econometric analysis.
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Derivatives pricing & Stochastic calculus I
Derivatives pricing & Stochastic calculus I
Ects : 3
Volume horaire : 24
Description du contenu de l'enseignement :
Regulation today, Ethics, Codes of Ethics and codes of conducts, welknown financial markets problems analysis, compliance in corporate an investment banks todays
Understand the importance of regulation, the basis, the importance of ethics, compliance and professional standards when conducting business in the financial sector.Coefficient : 1.5
Compétences à acquérir :
Master regulation historical evolution, ethics problems in financial markets and their consequences on the recent codes of conduct, and the main compliance concepts applied in a Corporate& Investment Bank
Professional competencies (Core fundamental)
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VBA Programming
VBA Programming
Ects : 3
Enseignant responsable :
TETE KAIZA AMOUH
Volume horaire : 24
Description du contenu de l'enseignement :
VBA programming
To learn a wide range of derivatives pricing algorithms, from the modeling techniques to practical applications using VBA in Excel.Coefficient : 1.5
Compétences à acquérir :
Master VBA programming of basic derivatives pricing models
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Careers in Finance
Careers in Finance
Ects : 3
Enseignant responsable :
Nadia TORTEL
Volume horaire : 12
Description du contenu de l'enseignement :
Graduate Assessment Process :
description of recruitment process in Financial Services
Competency-Based Interviews
Assessment Centers, ...
Mock Interviews (interview training): A 3 minute pitch (to tell who you are and
why you are the perfect candidate for a specific position) followed by Q&A
and feedbacks
Financial market seminar: 1 hour presentations by professionalsCompétences à acquérir :
The objective of the course is to prepare students to recruitment processes in Financial services. The first part concerns the graduate assessment process. It is followed by mock interviews. It is completed by a "financial markets" seminar that contains testimonials from former students from the master 203 who will come to share their experiences.
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Ethics, Professional standards & Compliance
Ethics, Professional standards & Compliance
Ects : 3
Enseignant responsable :
ALEXANDRE LEDUC
PHILIPPE NARDONE
NICOLAS RAYMOND
Volume horaire : 24
Description du contenu de l'enseignement :
Financial markets jobs and careers, recruitment hubs in financial markets, recruitment procsses
Learn what are the different jobs and careers in the finance industry, prepare students to the recruitment process (CV, motivation letters, mock interviews)Coefficient : 1.5
Compétences à acquérir :
Deep understanding of careers, opportunities and recruitment processes
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Training for Interviews in English
Training for Interviews in English
Ects : 3
Enseignant responsable :
HELEN EINSARGUEIX
Volume horaire : 18
Description du contenu de l'enseignement :
Presentation of themselves, interview preparation
To improve the students' fluency in English but also to explore the attitudes and expectations of a cross-cultural American and English job interview in finance. Rather than inculcating a litany of identical and stereotypical answers to interview questions, it will focus on revealing the personality and character of the candidateCoefficient : 1.5
Compétences à acquérir :
Understanding the expectations of international recruiters, themselves and the body langage.
Professional competencies (Core fundamental)
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Internship
Internship
Ects : 6
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Master Thesis
Master Thesis
Ects : 24
Coefficient : 15
Formation année universitaire 2021 - 2022 - sous réserve de modification
Modalités pédagogiques
L’équipe enseignante utilise toutes les méthodes et pratiques d’enseignement : le cours avec travaux dirigés, l’étude de cas, les « teaser » au début des cours, le projet, le projet transversal, le hackathon, le mémoire, la présentation orale, la préparation aux entretiens etc.
Le parcours est principalement un programme en 2 ans (M1 – M2) mais il est également accessible aux étudiants titulaires d’une 1ère année de master en Economie, Finance, Mathématiques ou équivalent. Ces étudiants suivent alors le programme en 1 an et commencent directement au niveau M2. Les étudiants qui ont été recruté en 2ème année de master ces dernières années avaient tous fait un stage en front office.
Le programme en 2 ans est constitué de 3 semestres de cours, de deux stages de 4 à 8 mois ainsi que d’un mémoire de master. Le programme en 1 an prévoit deux semestres de cours ainsi qu’un stage de 4 à 8 mois.
- 1er semestre – septembre à Janvier : Enseignements fondamentaux
- 2nd semestre – janvier à septembre : Stage et mémoire de master
- 3e semestre – septembre à Janvier : Enseignements avancés et enseignements optionnels
- 4e semestre – février à avril : Enseignements avancés et enseignements
- Stage de fin d’étude – mai à novembre
Stages et projets tutorés
Un stage de 4 mois est obligatoire à partir de mi-janvier jusqu’à fin août.
Des programmes nourris par la recherche
Les formations sont construites au contact des programmes de recherche de niveau international de Dauphine, qui leur assure exigence et innovation.
La recherche est organisée autour de 6 disciplines toutes centrées sur les sciences des organisations et de la décision.
En savoir plus sur la recherche à Dauphine