Master of Science International Financial Analyst

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Designed for international students preparing for a career in finance

Ellen KOUNTZ

Dean of the Finance Department – Paris Campus

Why choose the MSc International Financial Analyst course ?

The first traces of finance date back 5,000 years and it has been associated with the development of business and the world ever since.

Over the past 30 years, international finance has been strengthened by rapid globalization. Therefore, 21st century businesses will surely always need the advice of qualified financial experts capable of supporting businesses around the world.

The MSc2 International Financial Analyst is designed for international students embarking on a career in finance. Fluency in English is a prerequisite for admission. It is the natural continuation of the Msc1 in International Finance. The program provides students with the theoretical tools necessary to master the practical problems of financial management of business entities around the world. The main pedagogical emphasis is on analysis, with extensive use of open discussion and case studies to link theory to observable examples.

Delivered entirely in English by a team of finance professionals with extensive professional and academic experience, this degree is certified by the highest level of the French National Register of Professional Qualifications (RNCP level 7).

This international finance program welcomes students with a wide range of experiences and backgrounds. They often share similar values and qualities such as high intellectual ability, professional experience, determination and courage to undertake full-time study in a foreign country. Many are culturally aware global citizens with the potential to be the business innovators and thought leaders of the future.

The Bloomberg terminal is used throughout the course and also as a stand-alone class. For incoming students who have not yet earned the BMC Bloomberg Market Concepts, additional financial lab hours are assigned for this additional certification.

Les étudiants INSEEC passent la certification AMF (Autorité des Marchés Financiers) dans le cadre de leur MSc International Financial Analyst.

Read the MSc International Financial Analyst in English

A 1 or 2-year degree to become a seasoned professional in the international finance market  

Hours 1st year of MSc: 441 hours
Hours in 2nd year of MSc: 441 hours

Certification objectives

The “Expert in Financial Analysis” certification is designed to meet the changing skills needs of the finance sector :

Mastery of the regulatory and ethical environment in a context of increasing constraints on companies – Enhanced management, data analysis and reporting skills to optimize corporate performance
Enhanced technical and managerial skills in a context where financial analysis professionals play a strategic role in securing and sustaining business: financial risk management, performance optimization, team management, action plan recommendations, etc.
Niche technical skills that are in demand on the job market: data analytics, quantitative analysis, financial modeling, regulatory reporting, knowledge and mastery of IFRS standards.
The evolution of these skills stems from changes in the activities and professions of the finance sector: an increase in the regulatory environment, in the volume of data to be processed and analyzed, in digitalization, in technicalization, in the professionalization of missions and in the competitive environment.

How to apply for the MSc International Financial Analyst at INSEEC ?

The required prerequisites

The conditions for access to the certification system (excluding VAE) are :

For entry into 4th year (MSc1): hold a level 6 RNCP qualification and have validated the equivalent of 180 ECTS acquired in a course equivalent to the field concerned.
For entry into 5th year (MSc2): hold a level 6 RNCP qualification and have validated the equivalent of 240 ECTS acquired in a course equivalent to the field concerned.

Would you like to find out more about the MSc International Financial Analyst program? Sign up for an Information Meeting!

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Would you like to find out more about the admission requirements for our International Financial Analyst course?

What are the Master of Science International Financial Analyst courses ?

The courses presented below are given as examples, and may vary slightly depending on the teaching campus. Course content is adapted each year to market developments and updated before the start of the new academic year. 

1st year courses

CROSS-DISCIPLINARY & FUNDAMENTAL COURSES

BUDGET MANAGEMENT AND DASHBOARD

The aim is to acquire key skills in budget management and reporting. Particular emphasis will be placed on budget architecture, with the implementation of summary documents, project management control and its link with budget management, and the creation and management of dashboards.

CORPORATE STRATEGY AND BUSINESS PLAN

The aim of this module is to teach you how to draw up a business plan, i.e. the design of a costed project to create or develop a company. Several stages are covered :

Feasibility study.
Targeting markets.
Opportunities and risks.
Strengths and weaknesses.
Communication.
Financing plan and profitability.

ETHICS AND PROFESSIONAL STANDARDS

To cover the fundamental principles of ethics and deontology in the field of financial analysis and asset management.
It aims to ensure responsible professional conduct, in line with established international standards.

DECISION SUPPORT SOFTWARE AND TOOLS

The aim of this module is to develop students’ IT skills to meet the needs of companies in terms of budgeting, sales, project management, personnel management and communication: Excel, Word, Powerpoint, teamwork tools, business software. The aim is to become proficient with office automation tools, quickly identify and correct errors, customize existing tools or create your own.

BUSINESS GAME

The business game is played using a management simulator.
Groups of students are given the responsibility of managing a company in real time.
All major business functions are covered.
Students make decisions to maximize the company’s profitability.

PROFESSIONAL TOOLS AND METHODS

This module enables learners to improve their CV and posture through role-playing exercises (professional simulation, speaking, etc.) :

Practical and professional workshops (CV, professional social networking, coaching, etc.).
As well as professional conferences and master classes.

SPECIALIZED COURSES

MERGERS AND ACQUISITIONS #1

Understand the processes, strategies and financial implications of business combination transactions.
It covers the key aspects of valuing, structuring and negotiating transactions, as well as their effects on the value of the companies involved.

FIXED INCOME #1

Covers the analysis and management of fixed income instruments, such as bonds and other debt securities. It explores the characteristics, valuation and risks associated with these instruments, as well as their role in portfolio management and monetary policy.

MANAGEMENT CONTROL

Break-even and break-even calculation.
Budget management techniques.
Activity management and dashboards.
Analysis and use of management control.
Cost calculation methods.
Methods of analysis centres.
Rational allocation of fixed costs.
Marginal cost.
Partial costs.

INTERNAL AUDIT

Assessment of the company’s operations and level of control.
Provision of advice and tools to help create added value.
Evolution of the profession of auditor.

STATUTORY AUDIT

The seminar will cover audit assignments as well as audit procedures, tests, methods and tools.
Presentation of the statutory audit, general aspects and implementation of the audit, assessment of internal control, specific audits and end-of-mission reports.
Analytical procedures, physical controls, management statements.

FINANCIAL STATEMENT ANALYSIS #1

Thorough analysis of a company’s financial statements to assess its performance, profitability and financial solidarity.
Allows for the interpretation of accounting and financial data to inform investment or financing decisions.

DERIVATIVE AND ALTERNATIVE INVESTMENTS #1

Cover derivative financial instruments and alternative asset classes used to diversify and optimize investment portfolios.
It explores their functioning, valuation and role in risk and return management.

BUSINESS LAW

Definition of business law.
The concept of contract.
The obligations of means and result.
The concept of legal personality, the functioning of the SARL, the SA and the SNC.
The criteria for choosing a form of enterprise.

INTERNATIONAL FINANCIAL STATEMENTS

Presentation of IFRS, US GAAP.
Comparison of financial flows over time.
Organization of the accounting framework, conceptual framework of the standards, presentation of financial statements in IFRS/US GAAP.
Valuation and accounting of financial instruments.

CORPORATE FINANCE AND EQUITY INVESTMENT #1

Investment projects: selection criteria and the real options approach.
Financing modalities: quasi-equity, bond financing, marketable debt securities, IPO, venture capital.
Explanatory theories of financing choice.
Centralized cash and flow management.

PORTFOLIO MANAGEMENT AND ECONOMICS #1

The principles and scope of IS, tax optimization in a group.
International taxation.
VAT: principles and mechanisms.
Special VAT arrangements.
The territoriality of VAT: the rules of the territoriality of VAT, the supply of movable property and the provision of services.
The VAT payable: the VAT base and its calculation.

E AMF

This module, delivered in a hybrid way, will allow to understand the role of the Autorité des Marchés Financiers in the regulation and supervision of financial markets, through the following topics :

Financial instruments, cryptoassets and risks.
Collective management.
Functioning of the market organization.
Post-market and market infrastructure.
Issues and securities transactions.
The accounting and financial bases.

QUANTITATIVE METHODS #1

Mathematical and statistical tools applied to financial analysis, risk modelling and investment decision-making.
It enables financial data to be used to assess asset performance, measure risks and optimize investment strategies.

TECHAWAY – START WITH PYTHON

Initiates the use of the Python programming language for financial analysis, data management and process automation.
It allows to develop skills in data science applied to finance, by exploiting specific libraries.

EXAMS AND SUPPORT

WRITTEN EXAMS

Application

What are the income and the pace of study ?

Twice a year, in February/March and September/October. To check the opening of each school year, contact the admissions department directly.

The pace of courses may differ between campuses and depending on whether the training is carried out under an internship agreement (initial) or a professionalization/apprenticeship contract (continuing).

The alternance contract must be signed for a period of 12 months (MSc 2) or 24 months (MSc1 + MSc 2).

To find out the duration of the contract for a delayed return, contact the admissions department of the campus you are interested in directly.

What are the career opportunities after an MSc International Financial Analyst ?

Comptroller/ Head of management control
Treasurer / Cash manager
Finance Manager
CFO
Business Manager Enterprises
Mergers and Acquisitions Advisor
Business banker
Financial analyst
Credit Analyst
Banking Risk Analyst
Financial portfolio manager

To view the detailed job profiles by specialization, click here.

Certification

CFA : The gold standard certification in Finance

Our 1st year Master of Science integrates the entire curriculum of the CFA Level 1 and the CFA ESG Investing. Over 200 hours of CFA Level 1 preparation course and a CFA ESG certification preparation module delivered by certified finance professionals CFA Charter holder on a total of more than 400 hours.

The CFA, Chartered Financial Analyst, is an internationally recognized American certification in the fields of financial analysis, buy and sell side research and asset management among others, It has been around for almost 60 years and today represents the Gold Standard of certification in finance.

Registration for the CFA Institute certification exam is optional.

What business skills are developed ?

Vocational certification prepares the following skill blocks :

Design the financial and non-financial strategy of organizations
Managing the financial performance of organizations
Design and deploy financial engineering
Lead the transformation of organizations and manage teams

In addition to these common blocks of competence, the following optional sectoral block is added :

Manage financial and credit risks

Description of the modalities for acquiring certification by capitalization of skill blocks and/or by correspondence

Certification is obtained by:

Validation of four blocks of skills common to all courses (obtaining a score higher than or equal to 10/20 for each block of skills)
Completion of a minimum period in the company of 132 days on the second year of the course (MSc 2)

Professional certification

Professional certification of “Expert in Financial Strategy” level 7 (EU), codes NSF 313 and 314, issued by the INSEEC MSc (CEE-SO, CEE-RA, CEFAS, CEE-M, CEE-OUEST, MBA INSTITUTE, ADEFI FORMATION), registered under number 40177 at RNCP (Répertoire National des Certifications Professionnelles) on decision of the Director General of France Competences of 31 January 2025.

The certification is issued by capitalization of all skill blocks. Each skill in a block must be confirmed to obtain the skill block. Partial validation of one block is not possible. It is also accessible through the Validation of Acquired Experience.

Find the skill blocks associated with this RNCP title by clicking here.

What are the teaching methods ?

Teaching methods

Lectures and interactive courses
Situational exercises through collective or/and individual case studies carried out by the students
Conferences, seminars and educational visits

Evaluation methods

Individual or/and group case studies
Individual or/and group oral presentations
Individual or/and group files
Applied research thesis with individual oral presentation

Methods and tools

The evaluation methods are in person, in the form of continuous assessment or final written exams.

What are the 2025/2026 tuition fees to enter the programme ?

FALL INTAKE – 2025

Initial training:

MSc1 : €12,190
MSc2 : €13,650

Apprenticeship program:

24 months : €24,450 before tax
MSc2 :  €14,290 before tax

International students pack

Mandatory fee of €700 for exclusive support services for international students living outside the European Union.

SPRING INTAKE – 2026

Initial training:

MSc1 : €12,190 
MSc2 : €13,650

Apprenticeship program:

24 months : €24,450 before tax 
MSc2 :  €14,290 before tax

International students pack

Mandatory fee of €700 for exclusive support services for international students living outside the European Union.

In the context of work-study training, tuition fees are payable by the OPCO and the company signing the contract.

Do you have any questions about work-study or our school in general? Consult our frequently asked questions.

VAE/VAP

VAE: €4,800 before tax
VAP: €850 before tax

International students pack

Mandatory fee for exclusive support services for international students living outside the European Union.

Fall intake (2025) – September/October: €700
Spring intake (2026) – February/March: €700

Application fee

The application fee is €80.

What kind of financial aid is available ?

INSEEC offers several financial aid schemes :

The alternating rhythm, in internship or work-study contract
The right to training via the CPF
Partnerships with banking institutions referenced at INSEEC

the key figures for the title rncp n°35007 "Expert in financial analysis"

Ancien titre RNCP de la formation MSc international Financial Analyst

92%

National success rate – Class 2023

97%

Presentation rate – Class 2023

86%

Overall integration rate (140 respondents out of 368) – Class 2022

78%

Satisfaction rate at 6 months – Class 2022

Quelle est la politique Handicap dans notre école ?

Studying with a disability

The OMNES Education Group pays particular attention to the societal environment, including the disability dimension. Indeed, we believe that students with disabilities should not have any problems in pursuing their studies and starting a professional career. We accompany them to facilitate their access to the premises, offer them personalized advice as well as adapted accommodations throughout their school career.

Accessibility of premises: all our campuses are accessible to people with disabilities.

To learn more about the OMNES Education Group’s disability policy, click here.

Contacts for disability referents by campus: