Why do a master's in finance?

The financial sector plays a vital role in the global economy by facilitating investment, risk management and corporate financing. 

To access the best career opportunities in this competitive field, a master's degree in finance is often essential. This degree provides in-depth technical expertise in financial analysis, risk management, and modeling. It also offers the opportunity to specialize in strategic areas such as corporate finance or investment banking. 

In addition to developing practical skills, a Master degree in Finance allows you to build a solid professional network and pave the way to high-level careers with attractive salary prospects. 

What is a master's degree in finance? 

Definition and objectives 

The Master of Finance is a high-level academic program designed to provide students with the skills needed to advance in demanding financial careers. 

The main educational objective of this master's degree is to develop an in-depth understanding of financial markets , economic mechanisms and the analytical techniques used to assess investment risks and opportunities. 

Students acquire risk management skills by learning to identify, analyze, and mitigate financial risks in a variety of contexts. They also develop financial analysis skills, including evaluating the performance of companies and financial assets. 

Additionally, the program trains students to develop effective investment strategies, teaching them how to optimize portfolios and manage investments in response to market fluctuations. 

Upon completion of this master's degree, students are prepared to occupy strategic roles in corporate finance, asset management or investment banking, with recognized expertise in making complex financial decisions. 

What are the different types of masters in finance? 

The Master of Finance offers a wide range of specialized paths, each preparing students for distinct careers in the financial sector. 

Among these paths is market finance, which focuses on financial market analysis, asset portfolio management, and trading strategies. Students in this path learn how to evaluate financial instruments, manage market risks, and analyze economic trends to make informed investment decisions. 

Corporate Finance program focuses on financial management within companies. It trains students in financing management, investment analysis, capital structuring, and strategic decision-making related to business growth and profitability. This program is particularly suited to those who wish to advance into internal financial positions within companies. 

The Wealth Management program prepares students to advise individual clients or institutions on the management of their financial assets, taking into account their risk profile, long-term objectives, and tax strategies. Skills developed include estate planning, diversified portfolio management, and tax optimization.

Fintech track is designed for those who wish to specialize in technological innovation applied to finance. This field includes skills in blockchain, artificial intelligence, big data, and cryptocurrencies, providing students with training to work in financial companies using cutting-edge technologies to improve their services. 

Why do a master's in finance? 

Increased employability and varied opportunities 

The employment rate after a Master's degree in finance is generally very high, reflecting the high demand for graduates in this field. Companies are looking for highly qualified individuals capable of navigating complex financial environments. 

According to statistics, nearly 90% of graduates with a master's degree in finance find employment within six months of graduation, with salaries often higher than those of bachelor's degree holders. 

Compared to a degree in finance, the master's degree offers several decisive advantages. 

On the one hand, it allows for the specialization of skills in strategic areas such as market finance, corporate finance, or wealth management, thus increasing professional opportunities in high value-added sectors. 

On the other hand, a master's degree in finance provides in-depth technical expertise , particularly in risk management, advanced financial analysis and investment strategies, which prepares graduates for positions of responsibility and management roles. 

The professional networks developed during the master's degree, through internships, projects in collaboration with companies, and networking events, are also a major asset in accelerating professional integration. 

In short, a Master's degree in Finance opens the door to international careers and attractive salaries, offering a head start over a Bachelor's degree. 

International career opportunities 

The financial sector is increasingly globalized, with companies and markets interconnected globally. 

A Master's degree in Finance thus offers career opportunities not only at the national level, but also internationally. Graduates of this program can apply to renowned financial centers that play a key role in the global economy. Among the largest are New York, with Wall Street, the leader in global stock and financial markets; London, home to the City and the financial center of Canary Wharf, a hub for investment banks, investment funds, and asset management firms; and Hong Kong, which is a major center for investment in Asia and a key link to mainland China. 

Other cities, such as Singapore, Tokyo, and Frankfurt, also offer numerous opportunities in sectors such as financial markets, asset management, and investment banking. These major financial centers attract qualified professionals, particularly those trained at renowned financial schools, and offer attractive career prospects with competitive salaries. 

An attractive salary progression 

A master's degree in finance can have a significant impact on a professional's salary, both initially and in the long term. Typically, graduates with a master's degree in finance begin their careers with a higher annual salary than those with a bachelor's degree. 

In France, for example, the average salary for a finance graduate at the beginning of their career (less than 2 years of experience) is around €40,000 to €45,000 gross per year. For those with a degree in finance, this figure is often lower, between €30,000 and €35,000. 

After 5 years of experience, Master's graduates can expect a significant increase in their salary, reaching €50,000 to €60,000 per year, depending on the sector (banking, asset management, corporate finance). Those with a Bachelor's degree, on the other hand, see their salary peak at around €40,000 to €45,000 after 5 years. 

Looking ahead 10 years, the difference becomes even more pronounced. A graduate with a master's degree in finance can earn between €70,000 and €90,000 per year, or even more if they hold senior positions such as financial director or investment manager. In contrast, a graduate with a bachelor's degree in finance, after 10 years of experience, will see their salary hover around €50,000 to €60,000. 

How to integrate a master's degree in finance? 

Admission criteria 

A strong academic record is essential for successful completion of a Master's in Finance program. The program must demonstrate a solid grasp of the fundamentals of mathematics, economics, and accounting, as well as a solid foundation in financial analysis and risk management. 

A good academic record also relies on high academic results, but also on the ability to present logical, structured reasoning and a critical approach to financial issues. 

The ability to write financial analyses, solve case studies and use statistical and financial tools is crucial. 

Required skills : 

• Proficiency in quantitative tools: Good knowledge of financial software (Excel, Python, R, etc.) and statistical tools is essential. 
• Financial Analysis: Be able to produce balance sheets, analyze cash flows and evaluate financial assets. 
• Risk Management: Understand and apply risk management techniques, from portfolio management to market risk assessment. 
• Communication skills: Write clear financial reports and present analysis results to various audiences (management, clients, partners). 

Expected soft skills : 

• Rigor and organization: Finance students must be able to manage tight deadlines and large work volumes, while maintaining a high level of precision and organization. 
• Critical and analytical thinking: The ability to assess complex situations, identify problems and propose appropriate solutions. 
• Ability to work in a team: Even in a field often perceived as individual, collaboration with multidisciplinary teams is common. 
• Adaptability and stress management: As finance is a dynamic and demanding field, knowing how to manage pressure and adapt to rapid changes is crucial. 
• Leadership Skills: For students aspiring to management or leadership roles, skills in leadership, quick decision-making and team management are essential. 

Universities, business schools, IAE: where to do a master’s degree in finance? 

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Comparison of the types of establishments offering a master's in finance and their advantages. 

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Table of the main schools and universities with their admission criteria. 

Master’s in Finance with a Work-Study Program: Good or Bad Idea? 

A Master's in Finance work-study program offers many benefits, including gaining real-world professional experience and the opportunity to earn a salary. It improves employability by allowing students to establish a professional network and facilitates post-graduation employment, as many companies recruit their work-study students. Additionally, work-study programs allow students to finance their studies while applying theoretical concepts in a business environment. 

However, it also has its drawbacks. The workload is high, with the need to balance studies and work in a company, which can hinder concentration on theoretical subjects. Some sectors of finance are not suited to work-study programs, and a student may find themselves limited to the company that hosts them. 

In summary, work-study is an excellent way to combine theory and practice, while strengthening employability, but it requires rigorous time management. 

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Student testimonials in the form of quotes. 

What will we learn in a Master’s in Finance? 

Subjects taught 

1ST YEAR 

SEMESTER 1 

Entrepreneurial ecosystem 

Corporate Finance 

Responsible management 

Strategic management 

SEMESTER 2 

Financial accounting 

Financial Markets 

Data Analysis with Power BI 

Sustainable and ethical finance 

2ND YEAR 

SEMESTER 3 

LBO and private equity 

Econometrics 

Mergers and Acquisitions and Value Creation 

Soft skills 

SEMESTER 4 

Portfolio and risk management 

Fintech: digital transformation of the financial sector 

International Finance 

Business Game 

What key skills are developed? 

Hard skills in finance refer to discipline-specific knowledge and skills that can be measured and assessed. They include mastery of essential financial tools and concepts, such as: 

• Financial analysis: understanding and interpreting financial statements, carrying out profitability and solvency analyses, etc. 
• Financial Modeling: Create complex financial models for cash flow forecasting, business valuation, or risk management. 
• Mathematics and statistics: skills in calculation, quantitative analysis, probability and risk management. 
• Proficiency in software: Excel, Python, R, as well as financial management tools such as Bloomberg or SAP. 

Soft skills, on the other hand, are interpersonal and behavioral skills that allow a professional to adapt and succeed in a dynamic work environment. In finance, these skills are just as important as hard skills. They include: 

• Communication: Ability to explain complex financial concepts clearly and concisely, both orally and in writing. 
• Stress management: knowing how to make decisions under pressure, particularly during periods of high activity such as financial closings. 
• Critical thinking: the ability to analyze problems from different perspectives, question assumptions, and propose innovative solutions. 
• Teamwork: Being able to collaborate effectively with colleagues from different backgrounds, particularly in multicultural or interdisciplinary work environments. 
• Leadership and decision-making: knowing how to manage projects, lead a team or make quick and informed decisions. 

Is the Master of Finance difficult? 

Tips for success : 

• Organization: Plan your schedule with weekly planners and review sheets. 
• Regular revisions: Revise continuously to avoid last-minute stress. 
• Practice: Apply concepts through internships or projects. 
• Teamwork: Collaborate with other students to exchange ideas and solve problems together. 
• Stress Management: Take breaks and manage your stress to maintain good performance over the long term.

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Student testimonials + checklist of tips for success. 

Career opportunities after a master's degree in finance 

What jobs can you do? 

A Master's degree in Finance opens the door to numerous career opportunities in a variety of sectors. Here are some of the main career paths available: 

Financial Analyst : Financial analysts assess the financial health of companies, analyze market trends, and provide investment recommendations. They typically work in investment banks, asset management firms, or consulting firms. 

Wealth manager : This professional advises clients on managing their assets, optimizing financial investments and minimizing risks. They may work in private banks, wealth management consulting firms, or independently. 

Financial Auditor : The auditor verifies the compliance of a company's financial accounts and ensures the transparency and regularity of operations. This profession is mainly practiced in audit firms or within internal departments of companies. 

Management Controller : The management controller analyzes company costs and performance, develops budgets, and implements reporting tools. They work in all industries, including finance, manufacturing, and distribution. 

Financial Market Trader : A trader buys and sells financial assets (stocks, bonds, derivatives) on behalf of their company or clients. This profession is particularly sought after by major investment banks and portfolio management firms. 

What salary after a master's degree in finance? 

Finance and artificial intelligence: the future of the sector? 

The impact of AI on finance professions 

Artificial intelligence (AI) is profoundly transforming the financial sector, bringing major innovations in several key areas. Here are the main changes it has brought about: 

Algorithmic Trading : AI enables the design of algorithms capable of processing massive amounts of data in real time to make automated trading decisions. These systems use predictive models to analyze market trends, detect anomalies, and execute trades faster and more efficiently than humans. Algorithmic trading improves the responsiveness and efficiency of trades while reducing the risks associated with human error. 

Risk analysis automation : AI enables financial firms to analyze risks more thoroughly and accurately. AI models process massive data to assess credit, market, and operational risks, helping identify potential threats earlier. Machine learning techniques improve risk management by leveraging more accurate simulations and forecasts, making risk management processes more responsive and dynamic. 

Asset management : AI is also transforming asset management by facilitating the automation of investment portfolios. AI-powered robo-advisors analyze investors' risk profiles and optimize investment strategies based on individual objectives. By combining historical and real-time data, AI enables asset managers to improve returns and better diversify portfolios. 

Why should a finance master's degree include AI in its training? 

More and more institutions are incorporating artificial intelligence (AI) and data science into their curricula, responding to the growing demand for professionals capable of processing and analyzing large amounts of data to make informed decisions. These programs are designed to meet the needs of the financial sector, as well as other sectors such as healthcare, manufacturing, and technology. Here are some types of programs that include these skills: 

Master's degrees in Data Science and AI : These programs allow students to master the basic concepts of AI, machine learning, deep learning, and statistics, while focusing on their application in fields such as finance, economics, or management. These programs are often offered by engineering schools or universities specializing in data science. 

Masters in Quantitative Finance : Many quantitative finance programs incorporate data science and AI courses to enable students to tackle complex financial problems. Students learn advanced data analysis and financial modeling techniques using tools like Python, R, and MATLAB. 

MBA in Technology and Innovation : Some MBAs, with a specialization in innovation or digital transformation, include modules on AI and data science. These programs provide an understanding of how these technologies can revolutionize businesses and the financial sector, while developing strategic management skills. 

Certifications and MOOCs in AI and Data Science : For those looking to specialize quickly, many online platforms offer certification courses, such as those offered by Coursera, edX, or DataCamp. These courses cover topics such as data analysis, visualization, machine learning, and AI applied to finance. 

FAQ about the Master in Finance 

What is the difference between a Master’s in Finance and an MBA in Finance? 

A Master's in Finance is a generally academic program, more focused on the theory and technical knowledge of finance, intended primarily for recent graduates wishing to specialize. It focuses on financial analysis, financial markets, and risk management. An MBA in Finance, on the other hand, is intended for already experienced professionals, often with several years of management experience, and focuses more on practical skills in financial and strategic management. The MBA is more oriented toward leadership and business management. 

Do you need a specific degree to join a Master’s in Finance?  

While a bachelor's degree in economics, management, accounting, or mathematics is common for admission to a master's program in finance, it's not always necessary to have a specific degree in finance. Some schools accept a variety of backgrounds, provided you have a solid foundation in economics and mathematics. It's often recommended to have taken courses in accounting and management to be well prepared. 

Master’s in Finance or Accounting: Which to Choose?  

Choosing between a master's degree in finance and a master's degree in accounting depends on your interests and career goals. If you want to work in investment management, financial analysis, or financial markets, a master's degree in finance is more suitable. If you prefer to work in corporate finance management, auditing, or taxation, a master's degree in accounting might be more appropriate. Finance is more focused on strategic decisions, while accounting focuses on the management and analysis of financial statements. 

Does a Master's in Finance guarantee a well-paid job?  

While earning a master's degree in finance opens the door to numerous opportunities in highly sought-after sectors (banking, asset management, consulting, etc.), it doesn't automatically guarantee a well-paid job. Salary will depend on several factors, such as the sector, location, type of company, as well as experience gained, particularly through internships. However, a master's degree in finance remains an important asset for landing high-level, well-paid positions. 

Is the Master’s in Finance suitable for career change?  

Yes, a master's degree in finance can be perfectly suited to a career change, provided you have strong motivation and basic skills in mathematics and management. Many business schools and universities offer master's programs in finance specifically designed for people in career change. This requires a significant personal investment, but it is possible to acquire the skills needed to succeed in this field.