- Academic programs
Master’s Degree (M2) in Finance, Track: Financial Markets and Risk Evaluation (FiRE)
General information
- Prerequisites for enrolment
- Bac + 4
- Length of studies
- 1 year
- Internships
-
Yes
(Mandatory internship)
- Diplôme national

- Accessible as
-
- Teaching languages
- The programme is taught entirely in English.
- What next?
The Master “Financial Market and Risk Evaluation” (FiRE) offers theoretical and practical insights on financial markets.
Theoretical insights are all the more needed after the great financial crisis of 2008 that has shown that blind applications of valuation and risk management models could prove unproductive. These theoretical insights are acquired by students with the instruction offered by world-class academics who have contributed to building them.
Practical insights are also offered to ensure that students are accustomed to the functioning and vocabulary of financial markets, the strategies of investors and the pricing of financial assets, with a particular emphasis on risk measurement and evaluation.
Director of studies
"The Master Financial Markets and Risk Evaluation offers theoretical and practical insights on the functioning of financial markets, the strategies of investors and the pricing of financial assets, with a particular emphasis on risk measurement and evaluation. The FIRE Master is fully taught in English and welcomes students with management, economics and engineering backgrounds."
Milo BIANCHI
Professor of Finance
Programme director
Goals
Students pursuing the Financial Markets and Risk Evaluation track will also learn to:
- Use modelling and computational tools to price financial assets ;
- Understand the functioning of financial markets ;
- Identify and manage operational and financial risks.
Specificities
In your opinion, what are the strengths of the Master in Finance taught at TSM?
"Four significant points distinguish the training in the Master in Finance:
- A constantly evolving curriculum
- Varied teaching methods
- World-renowned scientific quality
- An essential balance between theory and practice"
Christophe BISIÈRE
Professor of Finance
Head of the finance department
Internships
At the end of the programme, students will undertake a compulsory 6 month internship.
Partnerships
Business partnerships
Airbus, Alcatel Space, Astrium, Atos, Banexi Ventures Partners, Banque de France, Banque Courtois, BNP Paribas, BPCE, Caisse des dépôts et Consignations, Calyon, Cap Gemini, Crédit Agricole, CIC, Crédit Mutuel, Dassault System, Dexia Asset Management, EADS, EDF, HSBC, LCL, EuroMTS, Euronext, Eurosport International, Finance Conseil, Lipton Informatique Conseil, KPMG, Logica, Morgan Stanley, Motorola, Natixis, Murex, Omnium Finance, Pierre Fabre, Renault, Société Générale, SGAM, Siemens VDO Automotive, Sopra Group, Steria, Talan, Thales Avionique, Valuego…
Research centers partnerships
Faculty members teaching in the programme are renowned researchers from TSM Research (UMR CNRS 5303), IDEI (Institut d’Economie Industrielle), and TSE (Toulouse School of Economics). The seminars and conferences organized in these research centers are an integral part of the curriculum.
Institution partnerships
Publics
Prerequisites for enrolment : Bac + 4
Required former training
Students mainly come from the Master 1 Finance, Master 1 TSE, and INSA engineering school.
Admission conditions
Internal TSM candidates
- Successful completion of 240 ECTS
- An English language test for non-English speakers (B2 required). List of the English language certificates accepted here.
- Examination of candidate’s application and possible interview (choice of track)
External candidates (non TSM)
- Successful completion of 240 ECTS
- An English language test for non-English speakers (B2 required). List of the English language certificates accepted here.
- Examination of candidate’s application and possible interview
Register
Applications open from February 1 to March 26, 2021.
For more information and how to apply, please visit our website: www.tsm-education.fr
Semester 1
UE1 - Asset pricing
UE2 - Corporate Finance
UE3 - Information Technology for Finance:
. Introduction to SAP
. VBA for Finance
UE4 - Financial Econometrics
UE5 - Economics for Finance
Semester 2
UE6 - Asset Management and Trading
UE7 - Derivatives
UE8 - Risk Management
UE9 - Psychology for Finance
UE10 - Financial Computing
UE11 - Internship or entrepreneurial project
- Year of highschool graduation
- Bac + 5
Targeted skill(s)
By the end of the Master in Finance, students will be able to:
- know basic institutional and regulatory framework of finance in organisations and markets
- understand the conceptual foundations and analytical methods in finance
- apply analytical methods in finance to solve practical problems encountered by corporations, financial institutions and markets
- critically assess the drivers of contemporary financial issues
- incorporate ethical dimension and implications for sustainability in financial decisions
- communicate effectively in oral and written form
- work in team
- solve complex problems
Students pursuing the track Financial Markets and Risk Evaluation (FiRE) will also learn to:
- use modeling and computational tools to price financial assets
- understand the functioning of financial markets
- identify and manage operational and financial risks
Career Opportunities
- Risk analysis, Brokerage,
- Asset management,
- Trading,
- Middle Office,
- Design of structured products,
- Private equity,
- Consulting.
PREFERRED SECTORS
- senior financial management and general management committees of groups,
- banks and financial institutions,
- private equity and venture capital firms and consultancies,
- international corporations.
Registrar office contact details
Elodie PEREZ
master2.finance@tsm-education.fr
Internships
Statistics
- 83% of students have found a job within 3 months of graduating from the programme.
- 31% of students have found a job abroad.
- The average annual net salary two years after graduation was above 40,000€.
(Source: 2016, 2017, 2018 graduate survey 2 years after completing the M2 FiRE.)