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Master of Science (MSc)
FINANCE SPECIALISATION
Boost your career in Corporate & Investment Banking or Financial Markets.
OBJECTIVES
This specialisation is part of the Master Degree (DEAMIE).*
The MSc in Finance is an intensive programme providing immediate access to senior positions in the Financial Industry.
By combining academic expertise with best professional practices, our aim is to train you to work in the Investment Banking or Financial Markets.
CAREER OPPORTUNITIES
You will be trained to take up positions across the Financial sector (non-exhaustive list):
Sales, Traders, Equity and Credit Research Analysis, Hedge Funds, M&A, ECM, Private Equity, Rating Agencies, Regulators, etc.
OPEN-MINDEDNESS AND DIVERSITY
Students from the ESCP Master of Science come from various countries and have different backgrounds: engineering, pharmaceutical, literature, social and political sciences, etc. With many nationalities represented, they constitute a multicultural promotion that enriches exchanges and group work.
Since its creation, this specialisation has trained hundreds of students who are part of the network of 80,000 ESCP Alumni.
Class of 2025 Representatives
ACADEMIC DIRECTOR
Philippe THOMAS
Associate Professor in the Finance Department
PhD in Management Sciences
Research areas : Corporate Restructuring (M&A, Financial Engineering, Corporate Finance)
* ABOUT THE MASTER DEGREE (DEAMIE)
Joining this full-time Master of Science corresponds to the determination to pursue a defined professional project and gives young graduates and young executives a combination of high value skills sought by recruiters..
This programme provides academic expertise and presentation of the best professional practices. Our goal is to train experts who will be rapidly able to progress in a globalised world.
Students will obtain one ESCP Diploma, MSc in Finance and the “Grade de Master” for the “diplôme d’études avancées en management international des entreprises”, granted by the French Ministry of Higher Education and Research (MESR). The DEAMIE is also registered on the RNCP (French Register of Professional Certifications) – RNCP sheet N°RNCP36687.
Masters Students Blog
Get to know our master programmes experience from our students’ point of view. Learn what our former and current students are up to, and what it’s like to live in the most dynamic cities of Europe!blog.masters.escp.eu
FT Ranking 2024
#1 WORLDWIDE
For the second year running, ESCP Business School's Master in Finance programme has secured the number one spot in the Financial Times' 2024 Masters in Finance ranking.
Master of Science (MSc)
FINANCE SPECIALISATION
CURRICULUM
A FULL-TIME PROGRAMME TAUGHT OVER 15 MONTHS TO 2 YEARS
The specialisation starts in July or September depending on the student’s previous studies and is delivered as follows:
15-month path:
The programme is taught on both the ESCP Paris campus (15 weeks) and the ESCP London campus (15 weeks).
- Following an eight-week curriculum of core courses, students choose a 22-week track according to their professional and personal aspirations.
- After the teaching period, students must complete an internship lasting at least four months and write a Master Thesis.
CORE COURSES – TERM 2 – Paris Campus
Oct. : Core Courses and Introduction to Finance
Jobs in Finance
Presentation of career opportunities in Finance
Common courses
- Financial Economics
- Options, Futures and Derivatives
- Ethics & Business Conduct
Interviews – Training – Coaching
Spécialisation - Terms 2 & 3 – - Paris and London Campuses
Nov. - Avr. : three tracks : Corporate Investment Banking, Financial Markets or the Global Track (Fully in English)
Investment Banking Track
- IFRS Standards
- Mergers & Acquisitions
- Advanced Assessment
- Debt Instruments
- Advanced Corporate Finance
- Equity Capital Markets
- Accounting for IB
- IB Modeling
Financial Markets track
- VBA
- Portfolio Management
- Applied Econometrics & Programming
- Exotic Options
- Fixed Income
- Structured Products
- Trading
- Python
Students will also take a compulsory seminar on Sustainability Management.
PROFESSIONAL MISSION - TERM 4 – Worldwide
Apr. - Déc. : A professional mission in the form of an in-company internship of at least four months
This in-company-project phase lasts at least four months. Its purpose is to help students acquire significant professional experience in positions and activities related to the knowledge they have acquired during their studies.
Exposure to corporate life prepares students for full-time employment once they have successfully completed the programme. Many companies treat this internship as a period of observation prior to recruiting a new employee.
EXAMPLES OF ASSIGNMENTS
Financial Analyst, Hedge Fund Analyst, M&A Analyst, Traders, Structurers, ECM, DCM, Private Equity, Market Makers, Sales, Asset Manager, Economist, Leveraged Finance, Restructuring, Financial Advisory, etc.
THE CORPORATE RELATIONS DEPARTMENT
The Company Relations Department gathers placement and internship offers from many companies. The department also organises a number of event involving firms, giving students many opportunities to make contact with companies.
MASTER THESIS - TERM 4
Nov. - Déc. : Writing and defending a Master Thesis
From mid-April onwards, students are required to carry out investigative and analytical work leading to the completion of a Master's Thesis under the supervision of a professor from the School.
For the MSc in Finance, this dissertation takes the form of a research paper conforming to the standards of academic journals. This personal research is an integral part of the programme, as it leads to reflection and further study as an extension of the studies. The chosen subject is approved in advance and students receive methodological training. The dissertation is defended before a jury panel between early November and mid-December.
During this period, students will also take part in a compulsory research seminar organised by an ESCP professor. This seminar corresponds to three ECTS credits out of a total of 90 acquired during the academic year.
2-year path:
Candidates with a previous degree equivalent to fewer than 240 ETC credits are advised to follow the 2-year path, including a gap semester to gain professional experience.
Year 1
- Term 1: Foundation courses
- Pre-term: 3 courses in anticipation of Term 2 (Paris Campus)
- Gap semester: Internship
Year 2
- Identical to the 15-month path
Masters Students Blog
Get to know our master programmes experience from our students’ point of view. Learn what our former and current students are up to, and what it’s like to live in the most dynamic cities of Europe!blog.masters.escp.eu
FT Ranking 2024
#1 WORLDWIDE
For the second year running, ESCP Business School's Master in Finance programme has secured the number one spot in the Financial Times' 2024 Masters in Finance ranking.
Master of Science (MSc)
FINANCE SPECIALISATION
CAREERS
EMPLOYMENT OUTCOMES FOR GRADUATES
100%
are currently working within
three months of finishing the MSc.
67%
found a job with an
international dimension
SALARY
€105 200 average salary after the MSc
SECTORS
58%
Banking/Insurance
26%
Financial Markets
6%
Other (Consultancy, Law, etc.)
THEY HELD POSITIONS AS …
- Analyst
- Business Analyst
- IB Analyst
- Investment Banking Analyst
- Equity Research Analyst
- M&A Analyst
- Risk Analyst
- Broker
- Trader
- Chief Financial Officer
- ...
COMPANIES THAT RECRUIT OUR GRADUATES
Amundi – Bank of America ML – Barclays – Blackrock – Blackstone – BNP Paribas – CACIB – Centerview - Citi – Credit Suisse – Deutsche Bank – Evercore – Fidelity – Goldman Sachs – HSBC – Jeffries – JP Morgan – Lazard – Macquarie – Messier – Moelis – Moddys – Morgan Stanley – Natixis – Nomura – Oddo-BHF – PJT – RBC – RBS – Rothschild – UBS – S&P – Tikehau – and more
Masters Students Blog
Get to know our master programmes experience from our students’ point of view. Learn what our former and current students are up to, and what it’s like to live in the most dynamic cities of Europe!blog.masters.escp.eu
FT Ranking 2024
#1 WORLDWIDE
For the second year running, ESCP Business School's Master in Finance programme has secured the number one spot in the Financial Times' 2024 Masters in Finance ranking.
Master of Science (MSc)
FINANCE SPECIALISATION
ADMISSIONS
REQUIREMENTS
- A Bachelor Degree
- A minimum of 180 ECTS credits
- Proficiency in English
PROCEDURE
Step 1: APPLICATION
Applications are made online. Carefully complete the online application form before the deadline specified in the Admission Calendar.
Include the following required documents:
- A copy of a master/bachelor diploma obtained or a certificate of enrolment for current studies
- A 2-year university transcript of your Master or Bachelor degree
- A copy of your passport or ID
- A CV
- A copy of your TOEFL or TOEIC listening and reading score or IELTS score (taken within the last two years)
- An ID photo (JPEG format)
- We strongly recommend adding two reference letters to your application (they can be sent separately and in a different format from the one provided).
Application fee: €130 for one specialisation and €195 for two. Please note that the application fee is non-refundable. CROUS bursary students are exempt from application fees.
An admission committee declares the eligibility of candidates. Eligibility results will be sent to you by email.
STEP 2: PERSONAL INTERVIEW
If you are declared eligible, you are invited to a personal interview with the Academic Director of the Master as well as professionals from the sector.
Acceptance results are sent out by email.
STEP3: CONFIRMATION
Applicants who are offered a place must confirm their acceptance by the deadline indicated in the admission offer.
A non-refundable deposit of €3,000 (deductible from the full tuition fees) is required to secure a place once admission has been granted.
ADMISSION CALENDAR
| 1st round | 2nd round | 3rd round |
|---|---|---|
| Deadline for online application | ||
| 8 jan. 2025 | 26 mar 2025 | 4 jun 2025 |
Masters Students Blog
Get to know our master programmes experience from our students’ point of view. Learn what our former and current students are up to, and what it’s like to live in the most dynamic cities of Europe!blog.masters.escp.eu
FT Ranking 2024
#1 WORLDWIDE
For the second year running, ESCP Business School's Master in Finance programme has secured the number one spot in the Financial Times' 2024 Masters in Finance ranking.
Master of Science (MSc)
FINANCE SPECIALISATION
FEES & FINANCIALS
The fees for those entering the MSc in September 2025 are set at:
- Tuition fees: €17,200 for core courses and €11,700 for the specialisation in Finance for European and non-European students
- Student service and registration costs: €2,000
Total costs *:
- 30 900€* for European and non-European students
For any additional year until graduation, reduced student service and administrative costs (€1,000) are payable.
The above costs already include the ESCP Alumni lifelong membership, administrative & service costs, and the SOS international mobility support. Travel & accommodation costs are not included for all classes on ESCP campuses (Berlin, London, Paris, Madrid, Turin or Venice)
Applicants who are offered a place must confirm their acceptance and pay a non-refundable deposit of €3,000, which will be deducted from the total tuition fees.
Candidates entering the programme with fewer than 240 ECTS who follow the 2-year path of the programme are subject to a supplement fee of €4,400 (€3 900 of tuition fees and €500 of service fees).
*Total costs are indicative. They may vary by a maximum of 6% each year in comparison to previous years. In case of variation, new tuition fees amounts will be communicated to students by all means, at the latest, in July of the year N, for the academic year N/N+1.
Funding and Scholarships
Scholarships
Two types of scholarships are available to Specialised Masters & Masters of Science students.
ESCP scholarships
An exemption of 10% of tuition fees can be granted to students who apply on the basis of social criteria and excellence.
CROUS scholarship holders: students who are eligible for CROUS scholarships allocated by the French Ministry of Higher Education are eligible for an ESCP need-based scholarship. The exemption percentage ranges from 10% to 50% depending on CROUS level.
Students need to provide documents allowing to evaluate their financial situation.
Paris CROUS scholarships (French State scholarships)
This specialisation is eligible for a Paris CROUS scholarship, if you have previously studied in France. Your application for a scholarship must be made crous-paris.fr [FR].
Internships
Students have to do an internship for a minimum of 4 months in order to graduate (however the average length of internships is 6 months). Although the salary offered can vary, most students get paid between €500 and €2000 per month during their internships.
A work permit is not required since the internship is a compulsory part of the curriculum. International students are therefore allowed to work with their student residence permit.
The internship is a substantial source of funding for the Specialised Master’s Programs.
Campus jobs
Many on-campus jobs are available (clerical work, research or other) and paid by the hour (€10 per hour).
Bank loans
You may apply for a bank loan to finance your studies. Many banks offer student loans at attractive rates, with deferred pay back. French banks request that you provide a guarantor in France. If you have no relative in France, we therefore recommend that you apply for a loan from a bank in your own country. Four Paris banks are known to grant loans to ESCP students: BNP Paribas, BRED, LCL and Société Générale.
Masters Students Blog
Get to know our master programmes experience from our students’ point of view. Learn what our former and current students are up to, and what it’s like to live in the most dynamic cities of Europe!blog.masters.escp.eu
FT Ranking 2024
#1 WORLDWIDE
For the second year running, ESCP Business School's Master in Finance programme has secured the number one spot in the Financial Times' 2024 Masters in Finance ranking.