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2013

Financial Economics MASTER IN MANAGEMENT 2-year programme

LILLE - NICE - PARIS - LONDON - SINGAPORE


90%

found a job within 4 months

32%

EDHEC Young Graduates found their first job abroad


EDHEC BUSINESS SCHOOL 04

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Editorial

Why Choose EDHEC?

International Recognition

Research Impact

Master in Management

MSc in Audit & Management Control

MSc in Corporate Finance

MSc in Financial Markets

MSc in Risk & Investment Management

A World-Class Faculty

EDHEC Governance

EDHEC Career Centre

Student Life & Associations

Edhec Alumni Association

Nice Campus

Proudly International

Admission Requirements, Fees & Financial Aid

EDHEC Programme Porfolio


EDITORIAL

F

ounded in 1906, EDHEC Business School is among the leading business schools in Europe, internationally recognised for its academic and research impact as well as its unique synergies with the business world. Internationalisation and relevance to business fuel our ambition to be recognised for our excellence and global mindset.

EDHEC differentiates itself by offering innovation in business education and greater dynamism in connecting students and graduates with the business

world. New challenges and opportunities constantly arise and we focus on offering our students the knowledge required to become tomorrow’s leaders. As such, leading companies have partnered with EDHEC as Corporate Programme Sponsors, including Société Générale with the MSc in Corporate Finance and PwC with the MSc in Audit & Management Control.

Anne Zuccarelli Associate Dean, Academic Programmes

The EDHEC Master in Management (MIM) is a two-year full-time programme awarding a double degree–the Master in Management and the Master of Science. Taught entirely in English, it is specifically designed to provide students with the academic background and skills required for an international career in finance. The Financial Economics MIM programme provides a rich set of four specialised master programmes leading to specific careers in the financial industry such as asset & risk management, trading, corporate

financial management, financial intermediation and auditing. Drawing on the expertise of prominent academic faculty as well as on the activities of the leading EDHECRisk Institute, EDHEC finance programmes aim to offer talented students a unique opportunity to foster their leadership and excellence by providing the training and education required by today’s businesses. Beyond our role of delivering academic and research excellence, EDHEC pursues an active policy of closing the gap between students, graduates and companies around the world. We aim to connect students and alumni with recruiters by creating synergies through a wide range of services that make the school a genuine recruitment partner. The EDHEC Career Centre assists students in finding their dream internships and positions. By fostering a global mindset, EDHEC Business School is always one step ahead, with a programme portfolio flexible enough to adapt quickly to business needs. This proactive approach is crucial to maintaining a leading role in promulgating the innovative knowledge and expertise that are at a premium in contemporary business.

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WHY CHOOSE EDHEC? EDHEC – A unique Experience There are many reasons to choose EDHEC Business School. EDHEC’s strong business connections ensure that our programmes are always relevant to corporate needs. Business inputs range from programme design, research and courses, recruitment fairs, alumni network and business games to internship and job offers. EDHEC has an active policy of assisting students in achieving their ultimate career goals. As such, EDHEC has introduced the TI&CD programme (Talent Identification & Career Development), an initiative recognised by EQUIS and AACSB that provides our students with tailored career guidance and assessment.

Our Mission Leading Education – Delivering academic excellence driven by renowned research is EDHEC Business School’s mission to provide students with the skills, expertise, knowledge and network required to excel in global demanding careers. We strive to nurture our talents and maintain excellence in research and education.

Our Ambition Our ambition is to become a school internationally recognised for its culture, global mindset and the impact of its education and research on the business world.

Our Values Relevance – Market relevance is a key value in all aspects of our organisational culture–including the academic side. We seek to reconcile academia and the business world through the extension of our research effort into the corporate realm. Responsibility – We educate people and carry out research and aim to develop both scientific and human competencies, preparing men and women who are committed to using their skills to improve society. Innovation – We have a long-standing commitment to a culture that fosters creativity, risk-taking, continuous improvement, leadership and entrepreneurial spirit, both at educational and research levels.

EDHEC offers academic programmes recognised through international accreditation bodies: AMBA, AACSB and EQUIS. Our mission is to shape managers to meet companies' needs via relevant and cutting-edge education. EDHEC's uniqueness rests in its close ties with the corporate world. These connections and our 146 faculty members, who are among the most widely published in Europe, bring real-time knowledge to the classroom. This strategy is in line with the challenges faced by today's society and has a direct impact on EDHEC’s influence on business and society as a whole. Olivier Oger, Dean of EDHEC Business School

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INTERNATIONAL RECOGNITION EDHEC Business School was among the first institutions worldwide to be awarded the ‘Triple Crown’ of international accreditations for the academic excellence and professional relevance of its programmes, its strong links with the business community, its global reach and its commitment to an ongoing process of quality improvement. Today, only 48 business schools worldwide have received the ‘Triple Crown’. Academic Partners EDHEC Campuses

London Lille

Paris Nice

Singapore

International Network of Academic Partners Over the past 20 years, EDHEC has developed strong partnerships with the best business schools and universities around the world. Today, EDHEC has 113 partnerships of which 17 double degrees in 31 countries.

Among others...

Partnership with the

University of Cambridge This unique partnership selects EDHEC students wishing to complete their final year of study (M2) at the University of Cambridge for the Diploma in Economics.

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Campuses

Lille - Nice - Paris - London - Singapore

49%

75

International Faculty

Nationalities on Campus

17

Double Degrees

35%

International Students

#1 in France for Education and Research in Finance in 2010 and 2011 – Le Point Magazine #1 French Business School for its influence in the English-speaking press – FT Research Citations #2 in France for its Recognition among Businesses – L’Etudiant - L’Express #6 Master in Finance in the world – 2012 FT Ranking #11 Master in Management in the world -– 2010 FT Combined Ranking

The corporate world is in need of innovative, multicultural and socially responsible leaders. EDHEC has a longstanding tradition of providing students with the global perspective they need to succeed. Over the years, the school has built sound academic partnerships with leading business schools and universities. We believe that the content of EDHEC academic programmes taught in state-of-the-art campuses in Europe and in Asia, combined with the involvement of the business community and the reputation of the school, is a key asset. EDHEC truly becomes a natural choice for talented graduate students who have excellent track records and the potential for successful international careers. Richard Perrin, Executive Director, International Relations & Marketing–EDHEC Business School


RESEARCH IMPACT Our core strategy, ‘EDHEC for Business’, reflects a commitment to businesses that is strongly embedded in the development of our programmes. The school’s ambitious research policy has led to the creation of several research centres. Today, four research centres have a well-established visibility and the school has recently launched two new multidisciplinary research centres. Drawing on the expertise of our research centres, our programmes aim to offer students a unique opportunity to foster their leadership and excellence by providing the training and education required by today’s businesses.

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Research Centres

LegalEdhec EDHEC-Risk Institute Financial Analysis & Accounting Research Centre Economics Research Centre Retail Management Research Centre Family Business Research Centre

EDHEC-Risk Institute was set up to conduct world-class academic research and highlight its applications to the industry. In keeping with this mission, the Institute systematically seeks to validate the academic quality of its research through publications in leading scholarly journals, implements a multifaceted communications policy to inform investors and asset managers on state-of-the-art concepts and techniques, and develops business partnerships to launch innovative products. EDHEC’s ambitious international research policy has led to the opening of new research centres in London and Singapore. Today, EDHEC-Risk Institute has established itself as the most influential international centre for applied financial research.

EDHEC-Risk Institute—Asia The Singapore home base of EDHEC-Risk Institute serves as a platform for generating academic insight into important global investment issues, with particular relevance to investors and institutions in the Asia-Pacific region. 8


RESEARCH IMPACT

EDHEC-Risk Conferences Since 2004, EDHEC-Risk Institute has been organising annual conferences devoted to the buy-side industry across Europe. The EDHEC-Risk conferences allow research results to be compared with the practices and needs of institutional investment and asset management professionals. In 2012, the first EDHEC-Risk Days Asia took place in Singapore, and two European conferences have merged into a unique event: EDHEC-Risk Days Europe. The year 2012 also saw the inaugural EDHEC-PRINCETON Institutional Money Management Conference, held at the Princeton Club in New York. This conference was intended to provide a select number of invited investment professionals with the latest academic insights related to new frontiers in institutional money management.

Strong Partnership with the Industry In the context of six industry-sponsored programmes and ten corporate-endowed chairs, its team of ninety researchers, permanent professors and support staff carries out a wealth of projects focusing on asset allocation and risk management in the traditional and alternative investment universes.

EDHEC Research Chairs Regulation & Institutional Investments in partnership with AXA IM ALM & Institutional Investment Management in partnership with BNP Paribas Investment Partners Structured Products & Derivatives Instruments in partnership with the French Banking Federation ALM & Sovereign Wealth Fund Management in partnership with Deutsche Bank Core-Satellite & ETF Investment in partnership with Amundi ETF

Advanced Modelling for Alternative Investments in partnership with Newedge Prime Brokerage Risk & Regulation in the European Fund Management Industry in partnership with CACEIS The Case for Inflation-linked Corporate Bonds in partnership with Rothschild & Cie Advanced Investment Solutions for Liability Hedging for Inflation Risk in partnership with Ontario Teachers' Pension Plan

Solvency II Benchmarks in partnership with Russell Investments

EDHEC Financial Analysis & Accounting Research Centre The Centre was created in 2006 around the themes of company valuation and management; featuring prominently in the context of the creation of the Centre were new accounting (IFRS, US GAAP) and new prudential rules (Solvency II and Basel III). The Centre aims to shed new light on risk integration (the impact on management, strategy and financial communication, valuation, and discount rates) and to recommend new practical solutions of management in general as well as methods suited to the frameworks for accounting and prudential standards.

EDHEC Economics Research Centre The Centre focuses on public policy evaluation and state reform. The team works on four broad themes: financing and reform of the welfare state; labour policies and competitions; evaluation of sovereign risk and optimal management of the public debt; and European budgetary governance.

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MASTER IN MANAGEMENT The EDHEC Master in Management (Grande Ecole) awards students a double degree – the Master in Management and the Master of Science. Taught entirely in English, this two-year full-time programme is specifically designed to provide students with the academic background and skills required for an international career. Taught on our international campus in Nice, the programme aims to groom future leaders and provides insight into several fields of finance.

MASTER IN MANAGEMENT FINANCIAL ECONOMICS

YEAR 1 Foundation year Acquiring Global Competencies

GAP YEAR Internship

YEAR 2 Specialisation year Acquiring Specialised Knowledge

MSc in Audit & Management Control

MSc in Corporate Finance

=MSc in Financial Markets

MSc in Risk & Investment Management

Year 1–Foundation Year Year 1 is a foundation year that equips students with the technical and financial competencies required for their internship and Year 2. The Year 1 curriculum has been specifically designed to fit the CFA exam curriculum as closely as possible, with a particular focus on economics, statistics, corporate finance, financial analysis, options and derivatives and fixed income.

Programme Structure -Y1 498 hours

75 ECTS 58 ECTS

TI&CD

2 ECTS

Courses & Seminars

TOTAL

498 hours

60 ECTS

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MASTER IN MANAGEMENT

Core Modules Analysis of Risk & Performance The course develops the basic principles of asset pricing and provides an introduction to the fundamentals of risk performance measurement in an asset management context.

Corporate Finance & Asset Markets The course provides a solid grounding in the principles and practice of finance. Moreover, it develops an understanding of the tools necessary to make good financial decisions.

Cost Accounting & Management Control The course provides the common ground through which managers and accountants communicate.

Financial Analysis & Reporting The course introduces a comprehensive theoretical framework for financial statement analysis that can be used in a variety of business analysis and valuation contexts. Implications of new techniques in risk management for accounting and analysis will be discussed.

Financial Econometrics The course is designed to give students an understanding of why econometrics is necessary, to provide for them a working ability with basic econometric tools and illustrate their application in finance.

Financial Institutions & Markets The course aims to present the basics of the financial markets, the institutional investors, the role of financial institutions such as central banks, intermediaries such as commercial and investment banks, insurance companies, hedge funds versus mutual funds, and the role of regulatory authorities.

International Economics The course reviews key definitions and economic concepts regarding balance of payments dynamics, the determination of foreign exchange rates, and the role of shocks and of monetary and fiscal policies in shaping the dynamics of market prices, asset values, and activity levels in open economies.

International Corporate Finance & Governance The course analyses strategic financing decisions, adverse selection, and agency problems associated with the three main firm policies: financing, investment and payout distribution. The effects of different corporate governance arrangements will be explored in the context of debt and equity financing, initial public offerings and dividend payout policies across countries.

Introduction to EXCEL & VBA Programming In this course, students will learn how to use Excel and Visual Basic for Applications (VBA) for financial modelling problems.

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MASTER IN MANAGEMENT

Introduction to Fixed Income The course gives students a basic understanding of fixed-income securities. It develops insights into different bond portfolio strategies and covers the techniques used for valuing and hedging bonds.

Introduction to Options, Futures & Derivatives The course offers an introduction to basic derivatives securities such as futures, forwards, swaps and options. The objective is to provide a basic understanding of how these instruments trade, how they can be valued and how they should be used.

Marketing of Financial Services The course provides an application of marketing theory to the financial services industry, analyses the new developments and trends in marketing financial products and finally raises the potential ethical issues in financial services.

Organisational Behaviour In the course, students will acquire a general perspective of organisational behaviour and learn about individual, group and organisational level processes and theories. Since managing people is the most challenging task for all organisations and an imperative for their survival, the course offers significant value.

Corporate Social Responsibility The course aims at raising students’ awareness of sustainable development stakes in their future managerial activities. They will discover the best practices they can implement in order to make economic decisions fully compatible with social development.

Strategic Management (Part I and II) Part I of the course introduces fundamental concepts and models of business analysis. Both the internal and external contexts of firm dynamics are examined. Part II deals with corporate strategies and strategic options faced by companies when extending strategic decisions. It will also examine in depth the strategies of integration, diversification and internationalisation.

Electives Accounting & Taxes for Holding Companies

Mergers & Acquisitions Deals with

CFA Preparation (Level I)

Microfinance

Financial Law & Economics

Theory of Financial Crises

Information Systems & Governance

Corporate Law

Interpreting Macroeconomic Signals

Financial Audit with Mazars

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MASTER IN MANAGEMENT

Year 2–Specialisation Year Year 2 focuses on a specialised field of finance through the choice of the following Master of Science programmes. Taught entirely in English, these programmes aims to offer students a specialisation following their foundation year.

MSc in Audit & Management Financial Markets Control

MSc in Corporate Finance

MASTERS OF SCIENCE MSc in Financial Markets

MSc in Risk & Investment Management

Programme Structure - Y2 Courses & Seminars TI&CD

360 hours

46 ECTS

40 hours

4 ECTS

Master’s Project

10 ECTS

Internship*

15 ECTS

TOTAL

400 hours

75 ECTS

* Mandatory 3–6 month internship. A full-time position replaces the internship requirement.

I particularly appreciated that the programme focused on auditing, management control and accounting and this was exactly what I expected from this MSc. The courses were taught both by academics and professionals; which gave a good balance between theory and practice. Plus, the MSc in Audit & Management Control validates 5 out of the 7 DSCG credits; which is a big advantage when applying for a position in auditing or in management control. David Ouanounou (France)–EDHEC 2012 Junior Auditor, Mazars–France

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MASTER IN MANAGEMENT

MSc in Audit & Management Control The programme provides students with knowledge of operational and strategic accounting and control and responds to today’s need for financial controllers. Accounting and management control are undergoing change as swiftly and as profoundly as finance, and the programme responds to today’s needs for financial controllers capable of managing reporting procedures and implementing innovative financial and management accounting solutions. PwC is the Corporate Programme Sponsor of the programme.

MSc in Corporate Finance The programme is designed to focus on all areas of corporate finance. The major in financial management focuses particularly on corporate taxation and process management, whereas the major in financial intermediation covers private equity, project finance or equity capital markets. The two majors are complemented by elective courses that enable students to further specialise or, on the contrary, to broaden their knowledge. Société Générale is the Corporate Programme Sponsor of the programme.

MSc in Financial Markets The programme introduces students to the main concepts of finance related to stocks, bonds, derivatives and alternative investments, as well as to the analytical tools used in the industry. Broadly speaking, the major in asset management focuses on the advanced techniques of portfolio construction and performance analysis, and dynamic asset allocation, while the major in trading focuses on trading financial securities.

MSc in Risk & Investment Management (part-time) This part-time programme, taught in London or Singapore, is designed for graduates and professionals in the investment industry wishing to make progress and to maintain leadership. It also appeals to those contemplating lateral moves.

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MSc IN AUDIT & MANAGEMENT CONTROL

In partnership with

The curriculum has been designed in partnership with our Corporate Programme Sponsor, PwC, which is involved in sharing its expertise and know-how with students. The programme responds to today’s needs for financial controllers capable of managing reporting procedures and implementing innovative financial and management accounting solutions. It also develops additional skills such as communication, strategy, project management and human capital management. The programme opens up to careers such as financial controllers, financial auditors and analysts.

Core modules Advanced Finance The course aims to develop an understanding of the corporate capital structure, strategy and business planning process. Topics include equity, capitalisation and dividend management; IPOs, leverage; gearing and debt management; mergers & acquisitions; restructuring & spinoffs; time value of money; enterprise valuation; working capital and cost of capital.

Auditing & Internal Control The course aims to develop an understanding of the general nature of an audit, the objectives of an independent audit of the financial statements, the audit planning and methodologies, audit risks and types of audit tests.

International Accounting In 2005, International Financial Reporting Standards (IFRS) were adopted for the first time in many countries around the world. The IASB and the Financial Accounting Standards Board (FASB) in the US have been committed to working towards converging the two frameworks. Despite convergence initiatives, there are still many differences between these two standards. In this context, it is very important to understand the main characteristics and differences of the international accounting principles (US GAAP and IAS/IFRS) with a specific focus on the IFRS framework.

Information Systems & Management Control The course examines the basic framework for integrated management information systems (ERP). The emphasis is on information systems for operations support, including the impact of information and communication technology on management control systems.

This partnership enabled us to build a long-term relationship both with the students and the teaching faculty. We greatly appreciate the opportunity that we were given to advise the students on their career choices. HervĂŠ Demoy & Olivier Marion Associate Partners, PwC

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MSc IN AUDIT & MANAGEMENT CONTROL

Management Control Systems The primary objectives of our sessions will be on the process and structure of efficient management control and systems designed to achieve results control. This type of management control is largely dominant in the vast majority of organisations - it has a decidedly behavioural focus and requires performance measures, evaluations, as well as the provision of incentives.

Measuring & Managing Information Systems Performance The course focuses on the importance and characteristics of information for organisations and the use of cost/benefit analysis to assess its value. The course will also address how to align information systems with business strategy.

Operations Management The course focuses on the relationships between operations and cost control management in an industry perspective. It also address how to improve global performance in inventory management through the supply chain and manufacturing, with the implementation of total quality management tools.

Organisational Controls The course provides a clarification on control in organisation. As a transversal function, control is closely related to other functions: strategy, structure, human resources, information systems. The link between control and strategy on the one hand and between control and performance on the other hand will be specifically discussed.

Principles of Business Taxation In an open and competitive world operations are international and taxation is a permanent issue to deal with. It is fully part of the economic performance of companies with international activities and groups composed of domestic and foreign entities.

Project Management The course proposes a process-based approach to project management, providing an easily tailored and scalable method for the management of all types of projects. The method is the de facto standard for project management and is practised worldwide. It is a structured approach to project management and provides a method for managing projects within a clearly defined framework. Divided into manageable stages, the method enables efficient control of resources.

Strategic Planning & Control The course is about cost and management accounting. Cost accounting is concerned with information on the acquisition and consumption of resources, whereas the central focus of management accounting is on the management of organisational performance. Then, with the measurement and reporting of financial information, cost accounting provides useful input for management accounting.

I chose the EDHEC Master in Management because I wanted to graduate with a double-degree and be attractive to international companies. Thanks to the programme I have learnt about all key aspects of business management. After completing my entire gap year in the US, I choose to MSc in Audit & Management Control to strengthen my skills in auditing and accounting. Virginie Pled (France)–EDHEC 2012 Audit Associate, KPMG LLP–USA

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MSc IN AUDIT & MANAGEMENT CONTROL

Seminars Advanced Excel & VBA Programming The course is designed to give the students knowledge of how to use spreadsheets to solve problems and how to program in Visual Basic for Applications (VBA) for management control.

Ethics & Corporate Governance The course covers the basic insight into the meaning and importance of values and norms in the functioning of financial markets and the capability to analyse cases in financial ethics in an autonomous manner. It help students to develop the attitude of a responsible actor in financial markets.

Research Methodologies The course aims to discuss the various methods of undertaking empirical research in accounting and the presentation of the analysis. The course starts by defining accounting research and the different steps involved in setting up the various research questions. The course then presents the historical developments in research in accounting and develops qualitative and quantitative research methods, including event studies and crosssectional analysis of stock returns. The course includes a discussion of upcoming effects of major institutional changes on capital markets and firms’ behaviour, as well as training in data collection from various sources and in project writing and presentation skills. The course puts significant emphasis on the interaction between the development of research questions and the testing of such questions.

SAP The course aims to prepare participants to navigate SAP Enterprise Resource Planning software and, with a view to a profound study of SAP software products, it will provide them broad-based knowledge of SAP resources and basic concepts.

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MSc IN CORPORATE FINANCE

In partnership with

The MSc in Corporate Finance introduces students to the main concepts used in corporate finance and covers topics related to corporate law and corporate strategy, financial analysis, company valuation or international finance. The major in financial management focuses on corporate taxation and process management, whereas the major in financial intermediation covers private equity, project finance or equity capital markets. The two majors are complemented by elective courses that enable students to further specialise or, on the contrary, to broaden their knowledge. The degree opens up the exciting possibility of working in investment banking, private equity or corporate financial services. New challenges and opportunities constantly arise and we focus on offering our students the knowledge required to become tomorrow’s leaders. As such, Société Générale has decided to team up with EDHEC by sponsoring the MSc in Corporate Finance.

Core modules Applied Contract Theory in Corporate Finance This is an advanced course that analyses corporate finance issues using game and contract-theoretic tools. Topics include: wars of attrition; dominance; mixed strategies; static and dynamic games; bargaining and auctions, moral hazard problems of financial contracting, asymmetric information problems of financial contracting, agency costs of free cash flows, dividend policy, corporate governance and control and competitive advantage.

Bankruptcy, Restructuring, Mergers & Acquisitions The course focuses on various corporate restructuring policies that firms carry on around the world. Besides small changes of operations, corporations engage in three different major types of restructuring policies: (1) reorganisation and bankruptcy; (2) corporate transformations or asset sales; and (3) mergers or large acquisitions.

Competitive Strategy The course aims to present the concepts, frameworks and techniques of modern strategic analysis so as to facilitate the management of firms within their competitive context. Specifically, the course addresses how the structure and competitive dynamics of a given industry both affect, and are affected by, the strategies pursued by the constituent enterprises.

Financial Accounting & Analysis The course aims to ensure an understanding of the contribution financial statements to efficient decision-making. It adopts a stakeholder perspective and shows the limitations of reported financial information and the potential for earnings manipulation. It presents the main techniques used by companies for influencing their earnings. Financial Accounting & Analysis goes on to presenting key financial ratios, such as profitability ratios, activity ratios, asset management ratios, and liquidity and debt ratios, using illustrative examples and cases.

International Finance & Risk Management International corporations need to identify and manage various risks, where market risk, credit risk and currency risk are prominent. An international corporate financial manager needs to properly use the various financial instruments available to set adequate and accurate hedging strategies. Instruments involve fixed-income and currency securities and derivatives at various maturities. Other risks involve counterparty risk, liquidity risk and operational risk.

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MSc IN CORPORATE FINANCE

Valuation & Real Options The course aims to develop an understanding of the use of financial statements in valuing securities in international markets. It puts significant emphasis on the analysis of financial information for assessing the fundamental value of traded securities in global markets and for making decisions to invest in business.

Major in Financial Management International Accounting & Corporate Taxation The course has two objectives. After providing an overview of financial statements under IFRS and US GAAP (covering revenue recognition, accounting for financial instruments, lease accounting, derivatives, hedges and foreign currency financial statements), the course deals with the tax laws governing the dealings of corporate taxpayers and their shareholders. It reviews transactions and issues in the life of a corporation, from formation to liquidation, as well as the basics of the taxation of corporate mergers and acquisitions.

Process Management & Benchmarking The overall objectives of this course are: (1) to get a dynamic vision of organisations through process analysis; (2) to acquire tools to formalise and analyse processes besides assessing performance; (3) to understand the relationship between process management and benchmarking in order to benchmark processes and implement best practices.

Major in Financial Intermediation Private Equity & Venture Capital The course aims to help students acquire professional practice in all aspects of a leveraged buyout. The course also examines the private equity market, which represents a major source of capital for new and established private firms. Students will learn how private equity funds are raised, structured and financed; how contracting is done in private equity markets; how to value private equity interests; the sources of capital for private companies; the strategies to follow for value creation.

Project Finance The course involves the raising of funds to finance a specific capital investment project in which the providers of the funds are primarily concerned by the cash flows generated by the project. The goal is to assess whether these cash flows will be sufficient to service the loans and provide an adequate return on the equity invested in the project. This course offers students an opportunity to understand the risk-return characteristics of unique projects from a multi-dimensional perspective.

This partnership gives us the opportunity to be close to the students prepared for and motivated by financial and investment banking professions, and the faculty, in order to create an academic programme that is constantly updated with the latest trends on the market. The students are given the tools to perform in the modern financial sector, and we can spot tomorrow’s talent and eventually integrate them into our teams. The high proportion of international students in the MSc in Corporate Finance is a really important advantage for a company like ours, which operates in 77 countries. Mercè Batista International Campus Manager–Société Générale

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MSc IN CORPORATE FINANCE

Seminars Advanced Excel & VBA Programming The course is designed to teach students how to programme financial applications that are commonly used in corporate finance/capital markets, in both Excel and Visual Basic for Applications (VBA).

Ethics & Corporate Governance The course addresses the ethical challenges in finance and makes students aware of the relevance of ethical norms for professionals. It delivers helpful background knowledge for people preparing to take the CFA exam.

Fundamentals of Corporate Law The objective of the course is to provide an understanding of the principles of corporate law.

Research Methodologies The course aims to provide students with a format on how to write an academic paper. The entire process will be covered, from identifying a topic, through reviewing the literature, structuring a thesis, collecting the data, programming a statistical procedure, to writing in a clear and concise style.

Electives Asset Securitisation

LBO

Behavioural Finance

Private Banking

Corporate & Investment Banking by Société Générale

Real Estate Valuation & Financing

Financial Communication

Strategic Cost Management

Financial Entrepreneurship

After living in three different countries and working in finance for two years, I was looking for an MSc that would enable me to enhance a career in Europe while increasing my international exposure. EDHEC came at the right time in my career, as it represented the opportunity to gain additional expertise in my field of predilection and a label of recognition. Daniel Guardiola (Colombia)–EDHEC 2012 Equity Analyst, Comgest–France

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MSc IN FINANCIAL MARKETS The MSc in Financial Markets introduces students to the main concepts of finance related to stocks, bonds, derivatives and alternative investments. It also enables them to further diversify their competencies by opting for one of the two specialisations: asset management or trading. Quantitative asset pricing and derivatives pricing models from cutting-edge research in finance are reviewed, as well as the techniques to take these models to real time data, including time series analysis, Monte-Carlo simulation and advanced econometric techniques. Broadly speaking, the major in asset management focuses on the advanced techniques of portfolio construction and performance analysis, as well as dynamic asset allocation, while the major in trading focuses on trading financial securities. Programme graduates work as fund managers, security analysts, risk managers, asset allocation specialists, hedge fund analysts or traders in asset management and brokerage companies, investment banks, hedge funds, private banks and pension funds.

Core modules Derivatives Pricing & Hedging This is an intermediate course on options and other financial derivative securities, and their applications to risk management. It provides the students with the basic concepts of derivatives trading and pricing. The course starts with discrete-time models for option pricing, and then discusses the continuous-time, Brownian Motion driven models. The benchmark model will be the Black-Scholes-Merton pricing model, but other more general models such as stochastic volatility models will be also covered.

Empirical Methods in Finance The course offers an overview of the most widely used econometrics tools and the way these methodologies can be used in empirical finance, in both investment banking and asset management. There is a strong emphasis on practical applications, with close links to the topics covered in the MATLAB class.

Financial Theory The course introduces students to the main building blocks of modern finance theory. The course starts with the basis for rational decision making under uncertainty. The second part of the course introduces the capital asset pricing model (CAPM), discusses the arbitrage pricing theory (APT) and reviews empirical evidence related to these seminal theories. Tests of empirical implications of asset pricing models and of the efficient market hypothesis (EMH) are also reviewed.

Fixed Income Securities & Risk Management The course gives students the necessary skills to understand the pricing and management of fixed-income securities. Topics include: interest rates and risk management in bond markets; corporate bonds; inflationlinked bonds; interest rate swaps; and securitised assets such as MBSs.

Upon completion of a Bachelor’s degree of Mathematical & Computational Science at Stanford University in the US, I was interested in further exploring applications in the area of finance. I chose the MSc in Financial Markets at EDHEC as it provides an attractive combination of theory and practice in close cooperation with EDHEC-Risk Institute, a partnership that facilitates keeping up to date with current research in finance, which is critically important in this fast-changing sector. The programme also balances technical coverage with a more qualitative understanding of the markets and industry exposure, allowing us to establish a good foundation for finance-related work. Yuxin Chuah (Singapore)–EDHEC 2012 Associate, Monetary Authority of Singapore (MAS)–Singapore

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MSc IN FINANCIAL MARKETS

Major in Asset Management Alternative Investments The course aims to give participants a good understanding and workable knowledge of the techniques that should be part of the toolkit of anyone investing in, analysing and/or advising private and institutional clients (and more specifically hedge funds and commodity trading advisors) on the inclusion of alternative investments in their portfolios. It also enables students to assimilate the analytical arguments used in technical publications–related to in-house research notes of financial institutions and practitioner-oriented journals–in order to be able to apply them.

Asset Management Drawing on the expertise developed by EDHEC-Risk Institute, the course equips students with both the technical and conceptual tools that will allow them to take an active role in this fast-evolving environment. In particular, it provides a detailed introduction to the modern approach to portfolio management. More specifically, the course focuses on the technical challenges involved in portfolio optimisation, with specific emphasis on the need for enhanced estimates of risk and expected returns.

New Frontiers in Risk & Asset-Liability Management The course intends to provide students with an in-depth appreciation of the concepts and techniques that will shape the future of investment management. It will also equip them with practical tools to improve asset allocation and risk management processes, implement novel investment management approaches, and develop new products and more importantly new solutions.

Regulation & Risk Management The course covers Basel II & III and Solvency II frameworks and the 3 Pillars and explains measurement methods for quantifying risks and the different approaches to allocating capital. It also discusses the impact of the regulatory frameworks on capital markets and insurance markets and highlights the links between the reforms, their critics and potential developments. It discusses due diligence in the hedge fund industry, with a focus on operational, liquidity and counterparty risks. It explains sources of risk and key due diligence points for operational risk, liquidity risk and counterparty risk in hedge funds and highlights enhanced best business practice recommendations.

22


MSc IN FINANCIAL MARKETS

Major in Trading Fundamentals of Trading The course covers the main issues relating to securities trading and securities markets. It discusses why and how people trade, as well as the operation, structure, and regulation of securities markets. While the course focuses mainly on equity markets, comparisons to the markets for derivatives and other securities will be made. It discusses what causes markets to change, how change is affected by competition between markets, and how securities regulation hampers or promotes the development of markets. It also further emphasises how the different market structures affect trading strategies, trading costs, and others that are important to traders.

Applied Financial Markets The course aims to wrap up product and trading skills acquired in previous core courses, while completing the range of financial market products (money markets, credit & securitisation, mezzanine). It also gives students a global understanding of the financial markets industry, the players and their roles and enables them to acquire the techniques and skills necessary for operating at practitioner level in several areas within the financial markets, including research, origination, trading, buy- or sell-side, and thus enhance investment, financing or strategic performance. The second part of the course thoroughly explores money markets and foreign exchange markets instruments to be able to use them for hedging or arbitraging interest-rate exposure.

Market Risk Analysis The course analyses all aspects of market risk analysis from a practitioner’s point of view. Students will gain insight into the fundamentals of market risk management, while at the same time learning more about the challenges and successes organisations have had in implementing their programmes. Cutting-edge techniques in market risk analysis are provided. Topics include: market risk identification; risk measures (parametric and nonparametric methods); Value at Risk; model risk; liquidity risk; forecasting volatility and correlation; decomposition and verification of risk measures; estimating risk measures; and practical MATLAB programming techniques.

Trading in Practice The course’s objective is to give students an understanding of the use of financial instruments by placing them in real trading situations in commodities, derivatives or other financial securities. Sessions are conducted by professional traders in our trading room.

23


MSc IN FINANCIAL MARKETS

Seminars Advanced Excel & VBA The course is designed to give students knowledge of how to use Excel and Visual Basic for Applications (VBA) to financial modelling problems. Real-life examples will be extensively used in the learning process. This course is designed to be essentially practical.

Ethics & Corporate Governance The seminar provides a basic insight into the meaning and importance of values and norms in the functioning of financial markets. Students will learn to analyse cases in financial ethics in an autonomous manner and to identify the attitude of a responsible actor in financial markets.

MATLAB This is an introductory course to MATLAB, a powerful tool for data analysis and visualisation, and modelling. We first describe the working environment in MATLAB and we present the basic elements of syntax. We then describe how to import data, how to handle them using pre-programmed functions of MATLAB, and how to export the results to use them in a presentation or in a report. We will also study the Financial, Statistics and Econometrics Toolboxes in more detail, which extend MATLAB capabilities in finance, statistics and model calibration.

Research Methodologies The course aims to show students how to write an academic paper. The whole entire process, from identifying a topic, reviewing the literature, structuring a thesis, collecting the data and programming a statistical procedure to writing in a clear and concise style, will be covered.

Electives Applied Macroeconomics

Continuous Time Finance

Behavioural Finance

Country Risk Analysis

C++ for Finance

Structured Products

Credit Modelling

Wealth Management

Commodities

I was looking for a course in quantitative finance and asset management and the programme offered by EDHEC Business School was perfectly aligned to what I wanted to do, making EDHEC my first choice destination. Bhasul Vazhoor (India)–EDHEC 2008 Assistant Vice President, Commerzbank–Germany

24


MSc IN RISK & INVESTMENT MANAGEMENT

London or Singapore Part-time programme

This 13-month part-time programme, taught in London or Singapore, trains participants to appreciate recent and forthcoming paradigm shifts in investment management. Equipping them with the conceptual and practical tools required to optimise risk and investment management, this programme also helps them to design novel investment solutions for institutional, private and retail investors that span traditional, alternative, and structured forms of investments. The class is an interesting mix of young graduates and professionals, representing. Graduates can find positions in any asset class, including FX, commodities, credit, interest rates and equity among others.

Core modules Alternative Investments The course looks at alternative investments from an asset allocation perspective. It begins with a presentation of assets from private equity and real estate, to hedge funds, commodities and managed futures, and alternatives (infrastructure assets, timber, etc). The emphasis is on investment characteristics, risk and return drivers and statistical properties of alternative classes and investments. The course then looks at the benefits and challenges of integrating alternative assets in asset allocation and discusses alternative integration models.

Advanced Financial Analysis The course imparts a thorough understanding of how financial statements are established and trains participants in financial analysis. After examining specific accounting issues, the course explores conceptual and technical problems in measuring value creation, investments in either working capital or capital expenditure, margin analysis, a company’s financing, leverage effect and profitability. It deals with the role of financial statement analysis in historical performance evaluation, financial forecasting, equity analysis and valuation of companies. It provides a comparative approach to equity analysts’ techniques and methodologies, and specifically trains participants in fundamental analysis methods.

25


MSc IN RISK & INVESTMENT MANAGEMENT

Empirical Finance The course focuses on the empirical aspects of asset pricing and portfolio management and on the econometrics of financial markets. Applications span primitive and derivative asset pricing, strategic and tactical asset allocation, and trading strategies. Topics covered include asset return modelling and predictability, volatility modelling and forecasting, treatment of non-linearity in data, simulation methods, calibration and testing of pricing models and trading strategies, correlation and co-integration analysis, econometrics of derivatives pricing, and econometrics of fixed-income markets.

Excel, VBA & Matlab The course introduces powerful software tools commonly used by professionals in the financial industry to develop simple or sophisticated models. The first half of the course begins with a review of MS Excel functionalities that are most relevant for building transparent intermediate and advanced models and continues with VBA, which enables user-defined functions and process automation. The second half of the course is dedicated to the professional modelling environment MATLAB and focuses on the language syntax, plotting functionalities, and toolboxes critical for building financial models such as the statistical, the financial, the financial derivative, and the optimisation toolboxes. Finally, the course concludes with an introduction to Octave, which is regarded as an open-source alternative to MATLAB.

Financial Regulations & Ethics The course provides an introduction to the basics of financial regulation and to ethics. The first part of the course includes a review of the Basel Capital Accords and of the European regulation of the investment fund industry, and discusses how professional principles and values interact with the regulation. The second part of the course focuses on five key areas in terms of sound business practices for the investment fund industry, and illustrates through case studies the types of outcomes that may result from the lack of ethics or sound business practices.

Foundations of Asset Pricing & Risk Management The course introduces the economic and mathematical foundations of asset pricing and portfolio management. The course is divided into three parts. In the first part, it studies the valuation of derivative contracts, including options on stocks, currencies, indices, bonds, and interest rates. The second part of the course examines optimal consumption and portfolio decisions under uncertainty, including single-period mean-variance models and multiperiod models. The third part of the course focuses on partial and general equilibrium models for the pricing of primitive securities, such as stocks and bonds. This is a technically challenging course that includes the study of the mathematical methods required for analysing asset pricing and portfolio selection models in continuous time.

I chose EDHEC because I wanted to undertake a career in finance and especially in capital markets. EDHEC is well-known in the financial world and I was convinced that following EDHEC’s programme would be really positive for my future career and it was the right decision. I chose the MSc in Risk & Investment Management part-time programme because after my gap year, I wanted to add another year of work experience and the programme itself was very catchy on top of being interested in the subject. Maha Hajji (Morocco)–EDHEC 2012 Treasury & Capital Market Advisory Services, KPMG–France

26


MSc IN RISK & INVESTMENT MANAGEMENT

Performance Measurement, Analysis & Reporting The course introduces participants to the metrics, models, and rules used to measure the performance of investment management, to attribute it to investment process decisions and managers, and to report it according to global standards. The course presents standard metrics for performance measurement and advanced models for risk-adjusted performance analysis of asset management and asset-liability management. It addresses issues such as data biases, style biases and dynamic trading to provide for reliable performance measurement and analysis in a multi-style, multi-class, dynamic framework. It deals with the specific characteristics of performance analysis for equity, fixed income, derivatives and alternative investments.

Portfolio Construction & Risk Management The course is devoted to bridging the gap between portfolio theory and practical portfolio construction. It presents methods to implement alternative portfolio models that account for non-normality risks, estimation error and parameter uncertainty, prior knowledge, realistic risk preferences, and transaction costs. It discusses scenario optimization and its applications.

Risk Measurement & Management The course presents the tools used to identify, measure, and manage market risk. The course begins with a general introduction to the concept of risk and different aspects of risk. Its coverage of market risk includes modelling of time-varying volatility and volatility clustering, an introduction to dependence modelling, the Valueat-Risk framework and extensions, approaches to modelling extreme values, and alternative risk measures. The course concludes with the notions of back-testing, which is instrumental in building reliable risk models, stress-testing, and model risk. The examples throughout the course are prepared on MATLAB and MS Excel and are also used to illustrate practical challenges of risk modelling.

Strategic & Tactical Asset Allocation The course explores the models, techniques and applications of tactical asset allocation, as well as strategic asset allocation for mass-affluent, high net-worth and institutional investors. It also introduces the ALM framework.

Research Methodologies & TI&CD Programme The seminar aims to equip participants with the basic research skills required to author a research paper. The Talent Identification & Career Development Programme, inspired by corporate best practice, offers participants valuable insight into their potential and developmental areas as well as solid grounding for successful careers. 27


A WORLD-CLASS FACULTY The EDHEC faculty is an exceptional team of international experts who blend academic excellence and industry experience. Dedicated to pushing the frontiers of knowledge by engaging in research activities, EDHEC’s permanent faculty is made up of professors who hold PhDs from some of the world’s leading universities and are considered experts in their fields. Faculty members have an outstanding track record of publication in leading academic and practitioner journals, as well as of authoring and contributing to innumerable professional books. Visiting professors, adjunct faculty and professionals round out the faculty ranks.

Among others... Noël Amenc

Professor of Finance Director of EDHEC-Risk Institute PhD in Management Science, University of Nice

Giuseppe Bertola

Professor of Economics PhD in Economics, Massachusetts Institute of Technology (MIT)

Federico Bandi

Affiliate Professor of Finance PhD in Economics, University of Yale

Ekkehart Boehmer

Professor of Finance Member of EDHEC-Risk Institute PhD in Finance, University of Georgia

Jaksa Cvitanic

Geert Demuijnck

Frank Fabozzi

Björn Fasterling

Affiliate Professor of Finance Member of EDHEC-Risk Institute PhD in Statistics, Columbia University

Professor of Finance Member of EDHEC-Risk Institute PhD in Economics, City University of New York

Professor of Ethics PhD in Philosophy, University of Leuven

Professor of Law Member of the LegalEdhec Research Centre PhD in Law, University of Osnabrück

Philippe Foulquier

René Garcia

Stéphane Grégoir

Daniel Haguet

Professor of Finance & Accounting Director of EDHEC Finanacial Analysis & Accounting Research Centre PhD in Economics, University of Paris X

Professor of Economics Associate Dean for Faculty and Research Head of the Economics Research Centre PhD in Applied Mathematics, University of Paris IX

Professor of Finance Member of EDHEC-Risk Institute PhD in Economics, Princeton University

Professor of Finance Master in Finance University of Grenoble

28


A WORLD-CLASS FACULTY

Paul Klumpes

Professor of Accounting PhD in Accounting, University of New South Wales

Florencio Lopez de Silanes Professor of Finance Member of EDHEC-Risk Institute PhD in Economics, Harvard University

Pierre Mella-Barral

Professor of Finance Member of EDHEC-Risk Institute PhD in Economics, Cambridge University

Joëlle Miffre

Professor of Finance Member of EDHEC-Risk Institute PhD in Finance, Brunel University

Stoyan Stoyanov

Professor of Finance Programme Director Asia MSc in Risk & Investment Management PhD in Mathematical Finance, Karlsruhe University

Abraham Lioui

Professor of Finance Member of EDHEC-Risk Institute PhD in Management Science, ESSEC & University of Paris II

Lionel Martellini

Professor of Finance Scientific Director of EDHEC-Risk Institute PhD in Finance, University of California Berkeley

Jean-Christophe Meyfredi Professor of Finance PhD in Management Science, University of Aix Marseille III

Dominic O’Kane

Affiliated Professor of Finance Member of EDHEC-Risk Institute PhD in Theoretical Physics, Oxford University

Raman Uppal

Professor of Finance Member of EDHEC-Risk Institute PhD in Finance, University of Pennsylvania, Wharton School of Business

Adjunct Faculty Franck Ciosi, Treasurer–Treasurer Treasurer–-CFM CFM Monaco Paul Darbyshire, PhD, Professor–Professor–-London Professor London University Alfred Davis, PhD, Associate Professor of Finance–-Queen's School of Businesss, Kingston, Ontario Mélanie Delvaux, Assistant Manager, Cross Border Tax/M&A–-Deloitte SA Luxembourg Maggie Gorse, MBA–-Gorse Analysts Georges Hübner, PhD, CEO–-Gambit Financial Solutions Georges Iatridis, PhD, Assistant Professor of Accounting & Finance–-University of Thessaly Marc Kitten, MBA, Partner–Partner Candesic Partner–-Candesic François-Serge Lhabitant, PhD, CIO–-Kedge Capital Michael Payte, MBA, Former Senior Managing–-Bear Stearns International Ltd, London Pascale Viala, PhD, President–-Ysavie 29


EDHEC GOVERNANCE As business relevance is at the core of our strategy, EDHEC has established numerous partnerships with leading companies. Business input is achieved through corporate programme sponsorships, research chairs, company presentations and involvement in the training of our students. Furthermore, three boards have been created to guide EDHEC’s international strategy and to ensure that activities dovetail with the needs of the global business community. EDHEC FINANCIAL ECONOMICS ADVISORY BOARD Pierre Coll, Global Risk & Quality leader–-PwC Jean Deitchmann, President–-Thomson Reuters (Markets) France SAS René Garcia, Professor of Finance–-EDHEC Business School Emmanuel Guéroult, Managing Director EMEA–-Morgan Stanley Jean-Jacques Guiony, Financial Director–-LVMH Olivier Marion, Partner –-PwC Thierry Marraud, Financial Director–-Bolloré Frédérick Martin, Finance, Accounting and Management Director–-Hudson Jean-François Mazaud, Head –-Societe Generale Private Banking Jean-Christophe Meyfredi, Professor of Finance, Programme Director FE Track –-EDHEC Business School Ariane Obolensky, General Manager–-Fédération Bancaire Française Emmanuel Rondeau, Co-Head of Corporate Coverage–-RBS Group Anne Zuccarelli, Associate Dean for Academic Programmes–-EDHEC Business School

EDHEC INTERNATIONAL ADVISORY BOARD Bruno Bich, Chairman–-BIC Group, USA Christian Fadier, Vice-Chairman & Managing Director–-Hollister Incorporated, UK Bernard Fournier, Honorary Chairman–-EDHEC Business School William K. Fung, CEO–-Li & Fung Limited, Hong Kong Candace Johnson, Vice Chairman–-NeuStar, Inc., Co-initiator–-Astra Satellite System and SES Global Kevin Keller, E.B. Osborn Professor of Marketing–-Tuck School of Business, Dartmouth College Abdullah M. Mazrui, Chairman–-MAZRUI Holding Company L.L.C., United Arab Emirates Franck Moison, COO Emerging Markets & South Pacific–-Colgate Palmolive Company. Chairman–-EDHEC Advisory Board Indu Shahani, Principal–-H.R. College of Commerce & Economics, Sherriff of Mumbai, Colgate. Board Member–-Colgate India Richard Simonin, CEO–-Limoni Group Italy. Chairman–-EDHEC Board of Governors José de la Torre, Professor of Management–-School of Business, Florida International University, USA

EDHEC ETHICS BOARD Claude Bébéar, Honorary Chairman–-AXA Eric Bourdais de Charbonnière, Chairman–-Michelin SAR Jean de Nassau, Prince of Luxembourg, Chairman–-WSSA (Water Solution South Africa) Vincent Montagne, CEO–-Media Participations Vianney Mulliez, CEO–-Auchan Marc Odendall, Chairman–-EDHEC Ethics Board and President - Odendall Foundation - Switzerland Bruno de Pampelonne, CEO–-Tikehau Philippe Vasseur, Chairman–-Crédit Mutuel Nord Europe Olivier Oger, Dean–-EDHEC Business School Benoit Arnaud, Associate Dean–-EDHEC Executive Education Stéphane Gregoir, Professor of Economics, Associate Dean of Faculty & Research–-EDHEC Business School Geert Demuijnck, Professor of Business Ethics–-EDHEC Business School

31


EDHEC CAREER CENTRE The Centre will assist you in finding your dream job and internship. Not only does the Centre publish numerous job and internship offers every year but it also provides career assessment and guidance. Throughout the programme, students will be assisted in setting up their career plan and mastering international recruitment tools; and will get the opportunity to meet with companies and recruiters either on or off campus at events organised by the Career Centre. In year 2, students’ potential will be assessed during the TI&CD programme (Talent Identification & Career Development).

Events organised by the Career Centre EDHEC Career Fair with over 120 participating companies Finance Career Days On-campus recruitment sessions On-campus company presentations Roundtable Events - Career guidance on specific career paths. Panels composed of alumni and professionals. Career chats and podcasts Business games

Talent Identification & Career Development Unique among European business schools, the TI&CD programme has been developed to offer students valuable insights and tailored career guidance. Inspired by corporate best practices, the programme is designed to accompany and prepare students for the international recruitment process run by major companies. The TI&CD programme is recognised as one of our best practices by AACSB and EQUIS. This programme is organised around three fields of expertise: a pool of international career advisors, an online career platform and numerous opportunities to meet professionals and recruiters. It is a genuine career booster that enables young graduates to move up the ladder quickly in terms of positions and responsibilities. To ensure that students benefit from expertise and advice in their area of interest, the Career Centre collaborates with a group of 30 international consultants specialised in a specific field.

Through innovatively simulating the interview process, the TI&CD programme sharpened my skills and helped me to successfully pass nearly seven hours of interviews with McKinsey, leading to a full-time business analyst offer. Jiri Mil (Czech Republic)–-EDHEC 2011 Business Analyst, McKinsey&Company –- Czech Republic

32


EDHEC Top Recruiters ABERCROMBIE & FITCH ACCENTURE ACER COMPUTER ALCIMED APPLE AUCHAN AMAZON BLACKROCK BNP PARIBAS CAPGEMINI CONSULTING CARGILL COMMERZBANK CARREFOUR CARTIER CREDIT AGRICOLE DAILYMOTION DECATHLON DELOITTE DEUTSCHE BANK DEUTSCHE TELEKOM ERNST & YOUNG ESSILOR EURAZEO

EURO RSCG EUROGROUP CONSULTING FIAT GENERAL MILLS GOOGLE GROUPON GSK BIOLOGICALS HP INTEL CORPORATION JLB EXPERTISES JP MORGAN KURT SALMON L’ORÉAL LEROY MERLIN LEXIBOOK LIMITED LVMH MAZARS MERCEDES BENZ MICROSOFT MORGAN STANLEY ODDO & CIE OGILVY & MATHER ORANGE

PERNOD RICARD PRADJOTO & ASSOCIATE PROCTER & GAMBLE PSA PWC RENAULT ROTHSCHILD ROBERT WALTERS FERRAGAMO GROUP SSGA SOCIETE GENERALE SONY TF1 TOTAL UBISOFT UNIQLO UNILEVER WAGRAM MUSIC SA WARNER BROS WHIRLPOOL YVES SAINT LAURENT

EDHEC Business Club EDHEC has numerous established corporate partnerships, with more than 110 multinationals as members of the EDHEC Business Club. These partners are vital to ensuring the School’s relevance to the industry and connection to the business world, as well as being top recruiters of EDHEC graduates; among them are:

Club Med

Found from website recreated PMS

33


STUDENT LIFE & ASSOCIATIONS

At EDHEC, there is an association for everyone. More than 50 associations, ranging from sports to charities to those for fashion and the media, mobilise our students, who join forces to carry out their projects, including entrepreneurial ones. EDHEC’s student associations also provide opportunities for hands-on preparation for future professional responsibilities. Organising an event, leading a team and managing a budget are all essential skills for tomorrow’s managers. Some of these associations, such as the Raid EDHEC and the EDHEC Sailing Cup, have become internationally renowned. The Sailing Cup for instance, draws more than 200 international boats every year, including crews from Oxford, LBS and UCLA.

50

Student Associations

34


EDHEC ALUMNI ASSOCIATION

26,000 116 Alumni

in countries

Delphine Arnault Deputy General Manager–Christian Dior Karine Allouche Salonon Director Worldwide Partner Strategy & Compete Group–Microsoft Christophe Bonduelle CEO–Bonduelle Pierre Barbé President Total Trading & Shipping Division and Managing Director TOTSA Total Oil Trading–TOTAL Thierry Boulfroy Managing Director–Total Singapore Delphine Bresson General Manager for International Development Lancôme Parfums & Beauté Michaël Burke CEO–Bulgari Brigitte Cantaloube Managing Director–Yahoo France Vincent Cheney President France, UK & Ireland–Warner Chilcott Thibault Cuny President & CEO–Pernod Ricard Brazil

Join EDHEC for Life! With more than 26,000 alumni in 116 countries, the EDHEC Alumni Association is a strong platform where exchanges of all sorts take place. Solidarity and sharing define the values of EDHEC Alumni. As such, the association is dedicated to networking with alumni and companies. Also acting as a career booster, the association has introduced new entrepreneur-oriented services, including an Entrepreneur Club and the EDHEC Business Angels, which serve the increasing number of alumni creating their own companies.

260

Wissam Farah Managing Director, head of sales–Citigroup Philippe Fortunato President & CEO–Louis Vuitton China Ltd Laurent Freixe Executive Vice President Europe–Nestlé Emmanuel Gueroult Managing Director EMEA–Morgan Stanley Jacques Guers President–Xerox Limited Europe Marc Hämel Managing Director–Rexam Healthcare Hugo Kunetz President North America–L’Oréal Stéphane Lagut Partner–Ernst & Young Japan Yves Le Goff Executive Director, fixed income, currency & commodities–Goldman Sachs

events per year

Eric Legros CEO–Carrefour China Albert Mathieu President Food Western Europe–Mars

Think Locally, Act Globally!

Xavier Mufraggi CEO–Club Med North America

Numerous international clubs, in which you will find EDHEC Alumni who will assist you, are scattered around the world. Coordinated by 360 EDHEC Ambassadors, these clubs aim to assist newcomers in settling down in the country, boosting the EDHEC network locally and enhancing its relationship with the global business community.

Philippe Leopold Metzger CEO–Piaget Franck Moison COO Emerging Markets & South Pacific–Colgate Gilles Normand SVP Chairman Asia-Pacific–Renault Nissan Benoît Testard Group Chief Executive–United Biscuits Industries

35


NICE CAMPUS

Living & learning on the French Riviera

#1

Berlin

London

Science & Technology Park in Europe

Lille

Brussels

Paris

Nice

Leisure

& Business

Nice, capital city of the French Riviera, boasts a wonderful climate all year around and is minutes away from Monaco, Cannes and Sophia Antipolis–-the largest cluster of ICT companies in Europe. Home to the second largest airport in the country, Nice is connected by direct flights to major cities around the world. Nice–France's fifth largest city–-offers a variety of sports, cultural and extracurricular activities.

36


PROUDLY INTERNATIONAL Nice

Nice

5 campuses London

Paris Lille

Singapore

37


ADMISSION REQUIREMENTS, FEES AND FINANCIAL AID Requirements 3-year bachelor degree (candidates with a 4-year bachelor degree can directly apply for our Masters of Science) Academic excellence GMAT or GRE score English Proficiency Test (TOEFL, TOEIC or IELTS). Waivers for native English speakers.

How to apply?

Application Checklist Completed application form

1 Online at www.edhec.edu 2 By post. Application pack to download on www.edhec.edu

European Union students

Non-European Union students

€27,000

€30,000

Cover letter/essay CV A recent photograph Certified copy of passport GMAT or GRE report

Tuition Fees Application Fees

€100

English Proficiency Test report Certified copies of official transcripts and diplomas 2 signed and sealed recommendation letters

Scholarships & Financial Aid EDHEC Business School offers various scholarships to support candidates according to their profile, merits and financial situation. The Excellence Scholarship for outstanding profile candidates applying before March 31st, 2013 (up to 40% off tuition fees). The Distinction Scholarship and the Foundation Scholarship, respectively 30% and 20% off tuition fees, for high-profile candidates applying before June 30th, 2013. EDHEC Alumni Merit Scholarships are available for excellent candidates from the UK and the US, as well as external scholarships and financial aid to all applicants.

EIFFEL Scholarship Only available for applicants with a minimum GMAT score (or GRE equivalent) of 700 who have applied before December 1st, 2012. If granted, the EIFFEL scholarship offers close to €1,200 per month for the duration of the programme.

Housing & Living Costs: approx. €1,000 per month Accommodation Our dedicated Housing Department assists students in finding suitable accommodation either on or off campus.

Application Deadline: June 30th for the 2013 September intake.

international.admissions@edhec.edu 38


EDHEC BUSINESS SCHOOL PROGRAMME PORTFOLIO Programmes

Lille

Nice

Paris

London

Master in Management - Business Management

Singapore

Full-time

Part-time Apprenticeship

2 years + gap year

MSc in Arts & NGO Management

10 months + minimum 3-month internship

This is a non-binding document. The information provided herein is subject to change without notice. EDHEC Business School reserves the right to make changes at any time.

MSc in Entrepreneurship

10 months + minimum 3-month internship

MSc in Global Business

10 months + minimum 3-month internship

MSc in Marketing Management(1)

10 months + minimum 3-month internship

MSc in Strategy & Organisation Consultancy(2) 10 months + minimum 3-month internship

LL.M. in Law & Tax Management

10 months + minimum 3-month internship

Master in Management - Financial Economics 2 years + gap year

MSc in Corporate Finance(3)

10 months + minimum 3-month internship

MSc in Finance(4)

10 months + minimum 3-month internship

MSc in Financial Markets

10 months + minimum 3-month internship

MSc in Audit & Management Control(5) 10 months + minimum 3-month internship

MSc in Risk & Investment Management 13 months

Executive MBA 18 months

Global MBA 10 months

Advanced Management Program 12 months

PhD in Finance

Residential or Executive Track

Executive Education Corporate Programme Sponsors and Programme Partner: Found from website recreated PMS

(1)

(2)

(3)

(4)

(5)

Wisdom means to have sufficiently big dreams so as not to lose sight of them while pursuing them. OSCAR WILDE


www.edhec.edu

EDHEC Risk institutE-AsiA REgistERED witH singApoRE CounCil foR pRivA ivAt ivA AtE EDuCAtion CA CAtion REgistRAtion RA RAtion no.201025256Z fRom 22-06-2011 to 21-06-2017

Non-binding document. Crédits photos: Hugues Lagarde - Franck Follet - O. Remualdo - Remy Masseglia - Hervé Thouroude - Julien Girardot. Banque d’images: Shutterstock - Fotolia.

LILLE - NICE - PARIS - LONDON - SINGAPORE

MSc in Finance at EDHEC  

Master of Science in Finance EDHEC Business School

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