The Magistère in Banking, Finance, Insurance is a curriculum of excellence which prepares high-level practitioners capable of adapting successfully to the rapid changes of modern finance. For more than 30 years, this three-year program (from the third year of the Bachelor’s degree to the second year of the Master's) has trained experts in the various banking, finance, auditing, consulting, and insurance professions. The program alternates between academic courses, projects, meetings with professionals, and internships, and encourages its students to gain an international perspective through its prestigious partnerships in Europe, the United States, and Asia.
The second year of the Master’s in Economics and Finance: Banking, Finance, and Insurance is divided into two semesters spread between the end of August and the end of February. Students specializing in Market Finance or Corporate Finance. Students wishing to write a thesis can pursue a research track. Courses are taught by academics or working professionals who are specialists in their field. Courses blend independent work, group work, dossier review, and “serious games” in the Bloomberg Room. Python training is provided in partnership with a Fintech company, and students work on a project under the mentorship of professional programmers. Students have the opportunity to spend a semester or a year (in the case of a dual degree) studying abroad in the United States, in Canada, within the prestigious QTEM network, or in Singapore or one of many European partner universities.
There is a particular focus on technological innovations in finance such as digitalization, blockchain, and AI. Students can attend additional lectures over the course of year on sustainable and responsible finance, and the impact of big data on finance. All students learn the basics of machine learning. Students who wish to can work on a start-up project and present it to a review panel at Station F.
Over the course of their Magistère, students have the opportunity to earn three diplomas:
There are three steps to the admissions process:
Every year, several Magistère students decide to take advantage of the university’s international partnerships with prestigious institutions such as Berkeley, Carnegie Mellon, Bocconi, LSE, and HKUST to study abroad during the second year of their Master’s degree (the end of third year of the Magistère). Some may pursue a thesis at a French or foreign university.
The number of graduate students at each of the following universities depends mainly on their willingness to study for an additional year after obtaining their BFA Magistère degree. Students wishing to study there are required to sit for the TOEFL and GMAT.
Partner Universities:
ECTS : 6
Lecturer in charge : Sophie BOUET
Language of instruction : French
Teaching hours : 18
Weighting : 2.00
ECTS : 3
Lecturer in charge : Christelle GANNAGE
Language of instruction : French
Teaching hours : 12
Course content:
- Diagnostic stratégique de l’environnement d’une business unit
- Choix stratégiques pour gagner un avantage compétitif au niveau d’une business unit
- Diversification stratégique et rôle de la holding parentale
- Méthodes pour combler l’écart strategique (croissance organique, alliances, acquisitions)
Skills to be acquired:
Comprendre à l’aide de frameworks et cas pratiques simples les choix stratégiques des entreprises au sein d’un environnement macroéconomique et concurrentiel donné
Assessment:
- Présentations en groupe (70%)
- Participation aux cas pratiques étudiés en cours (30%)
Weighting : 1.00
ECTS : 3
Language of instruction : French
Teaching hours : 30
Course content:
Dans le cadre d'un serious game, les étudiants sont répartis en groupe, représentant la société et son conseil, les investisseurs industriels, et les investisseurs financiers. Le jeu commence par la découverte du métier du groupe, de son marché et de son positionnement, et se termine à la structuration du tour de table.
L’objectif de la société et de son conseil sera d’aligner les principaux termes des offres d’au moins un industriel et un financier afin que le tour de table puisse se réaliser.
Les étudiants seront testés sur la cohérence de leur offre (réalisation du tour de table, valorisation, accord commercial/synergies, due diligence confirmatoire, équilibre de la documentation juridique entre les différentes parties prenantes, etc).
Skills to be acquired:
Elaboration de stratégies d'investissement
Construction de business plan
Maitrise des étapes de financement dans le cadre d'une levée de fonds
Rédaction et compréhension des documents juridiques transactionnels
Techniques de négociation et gestion des intérêts
Assessment:
Soutenance orale en groupe, devant un jury
Weighting : 1.00
ECTS : 3
Lecturer in charge : Mathias GARCIA REINOSO
Language of instruction : French
Teaching hours : 15
Course content:
The course is structured around four interconnected pillars: stress management, presentation skills, active listening, and decision-making with its inherent unconscious biases. These themes are not treated in isolation; they are explored in an integrated, iterative manner, reflecting the way they interrelate in real-life professional settings.
We begin with stress, examining its origins through a neuroscientific and evolutionary lens, and move towards concrete strategies for managing it in high-stakes or emotionally charged situations. Presentation techniques build on this foundation, focusing on the impact of voice, body language, and emotional regulation in communicating ideas with clarity and presence. Active listening, feedback, and negotiation are approached through practical exercises that emphasise empathy, clarity, and adaptability. Decision-making and cognitive biases are addressed throughout the course as a thread that runs through all interactions, shaping both what we perceive and how we respond.
A continuous blend of theory and practice shapes the learning experience: scientific insights are immediately tested through discussion, reflection, and real-world application. Depending on the group’s needs and interests, additional topics such as time management, strategic thinking, or intercultural communication may also be explored.
Skills to be acquired:
This course aims to equip students with essential skills in leadership and interpersonal communication, with an emphasis on the practical application of theoretical concepts. Drawing on insights from neuroscience, behavioural science, and the science of learning, the course helps students better understand how people think, decide, and interact (starting with themselves). They will learn to recognise and manage stress, develop more effective communication strategies, and improve their ability to listen, give feedback, and navigate negotiation scenarios. The course also emphasises the importance of adapting and growing, encouraging students to develop habits of self-awareness and continuous learning. Throughout, particular attention is given to decision-making and unconscious biases, which are consistently integrated into the learning process to deepen their understanding of human behaviour in leadership contexts.
ECTS : 3
Lecturer in charge : Nicolas VITOUX
Language of instruction : French
Teaching hours : 15
Weighting : 1.00
ECTS : 3
Lecturer in charge : Jerome LEPAGNOL
Language of instruction : French
Teaching hours : 21
Weighting : 1.00
ECTS : 3
Language of instruction : French
Teaching hours : 15
Course content:
Analyse des mécanismes de l'accumulation patrimoniale des ménages et ses interactions avec l'économie
Etude en profondeur du marché de l'épargne hexagonal et du rôle de chaque produit existant pour le financement de l'économie
Skills to be acquired:
Théorie de l'épargne
Recommended prerequisites
Théorie de l'épargne (Keynes, Brown, Modigliani, Friedman etc..)
Assessment:
exposés et examens écrit
Weighting : 1.00
ECTS : 3
Language of instruction : French
Teaching hours : 21
Weighting : 1.00
ECTS : 3
Lecturer in charge : Pascal ETAIN (https://dauphine.psl.eu/recherche/cvtheque/etain-pascal)
Language of instruction : French
Teaching hours : 15
Weighting : 1.00
ECTS : 3
Language of instruction : French
Teaching hours : 12
Weighting : 1.00
ECTS : 3
Lecturer in charge : Ouns JAOUA
Language of instruction : French
Teaching hours : 18
Weighting : 1.00
ECTS : 3
Lecturer in charge : Christophe LAHON
Language of instruction : French
Teaching hours : 18
Course content:
Pratiquer la modélisation financière en matière de financement de projet appliqué aux énergies renouvelables.
- Bref rappel des concepts de financement de projet
- Principes généraux de modélisation financière
- Etude détaillée d'un modèle de ferme solaire photo-voltaïoque
- Pratique des étudiants sur un modèle financier d'une ferme éolienne
- Etude de cas et jury
Practice project finance modelling applied to renewable energy projects.
- Overview of project finance concepts
- General principles of financial modelling
- Detailed study of a PV solar farm financial model
- Student practice on a wind farm financial model
- Case study and jury
Skills to be acquired:
Proposer une introduction à la modélisation financière en matière de financement de projet.
Provide a general overview on financial modelling in a project finance context.
Mandatory prerequisites
Aucun
None
Recommended prerequisites
Cours de financement de projet de BFA3- 1er semestre
Project Finance Course proposed in BFA3 - Semester 1
Assessment:
Etude de cas présentée devant jury.
Case study with presentation to jury.
Weighting : 1.00
Bibliography, recommended reading:
Pour une introduction à la modélisation financière: Pierre Vernimmen, Finance d'Entreprise
For a general introduction on financial modelling: Pierre Vernimmen, Corporate Finance (English version available)
ECTS : 3
Language of instruction : French
Teaching hours : 30
Weighting : 1.00
ECTS : 3
Lecturer in charge : Guilhem BENTOGLIO
Language of instruction : French
Teaching hours : 16
Weighting : 1.00
ECTS : 6
Language of instruction : French
Teaching hours : 30
Weighting : 2.00