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Master in Finance, Quantitative Trading & Financial Engineering

Program Objectives Program Design From Theory... Careers & Corporate Relations

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+ Tuition fees

Why a Master in Quantitative Trading & Financial Engineering at IUM?

Fostering innovative investment strategies grounded in rigorous analysis and sound theoretical framework

. This degree allows students to learn financial models and techniques, to recognize their reach and limitations, and to apply them to complex investment situations
. This quantitative program leads to a wide range of financial careers such as trader, risk management officer, hedge funds quant analyst etc.
. Thanks to small class sizes and individual attention this master is able to ensure a high quality learning process
. Students can develop dedicated individualized projects to suit to their ultimate career objectives

Dr. Gregory Gadzinski, Prof. of Econometrics "I often hear from prospective students: “They don’t teach you to be a successful trader in a Master program”. My answer is always the following: you could learn how to trade without knowing how to build mathematical models, but the difference between a trader that does not know mathematics and a trader that knows is like the difference between a shaman and a surgeon. Which one do you want to be? Now, building financial models is very challenging: not only the mathematics are complex but trading frictions, market imperfections and human nature make sometimes your model lie far from reality. But make no mistake, financial modeling is worthwhile. If we do need models and mathematics – you cannot think about finance and economics without them-, that’s not enough though."

Program description

This program is a mathematically-oriented degree intended for students who aspire to a career where they will apply theoretical finance and computer modeling skills to make pricing, hedging, trading, and portfolio management decisions.

Courses and projects emphasize the practical applications of these skills while providing the rigorous theoretical framework essential to a thorough understanding of the principles of financial engineering. Students learn to combine their analytical skills with business sense to handle, analyze, and interpret data, and devise original approaches to complex problems in order to make sound investment or risk management decisions.

The Program at a glance

   Small class sizes ensuring a high quality learning process

   Very practical orientation to real world strategies combined with rigorous theoretical background

   Emphasizes the development of innovative investment approaches. Students can back-test then manage their strategies on live market data

   Practical individualized projects allow a tailored path matching career objectives

• Full MFIN Course Descriptions

...To Practice

At the end of the academic year, the applied research project or the internship offer students the opportunity to apply the theory gained in the courses and to further develop their interests and competencies in a chosen field of specialization.

In their internship search, students are supported by all IUM faculty members and by the IUM Career Office, that provide them with information and guidance on the finance job market places and help them throughout the year to carefully prepare their applications in these competitive markets.

Anchored in the IUM teaching philosophy, most of the Hedge Funds and Private Equity courses combine the rigorous theoretical approach of IUM professors with the concrete views of Finance professionals.

Courses like Real Estate Investing, Merger and Acquisitions or Venture Capital are mainly taught by finance top executives with a proven track records in their fields.

Throughout the year, renowned finance experts from leading institutions as UBS, Man Investments, JP Morgan come at IUM to share their view on financial markets trends, forecasts or on the new investment opportunities.

Hedge funds managers regularly come to IUM and present their specific strategies and models to students. They are also invited to evaluate the efficiency of strategies and models developed by students within some specific courses.

Career opportunities

Careers requiring solid mathematical skills and a strong interest in financial markets.

Combining a high level in maths and business skills, as well an advanced knowledge in quantitative economy and computer science, the IUM graduates finalize their academic year by an applied research project in partnership with a financial institution.

Thus, they are particularly well equipped to start a career in financial trading, risk management or portfolio analysis within an investment bank, a hedge funds or a financial consulting company.

Most of the MFIN alumni found jobs as Junior trader in derivative markets, as quantitative analyst/modeller in hedge funds or a Junior risk manager, mainly in Amsterdam, London, New York or Zurich, the most dynamic locations for the hedge funds and the investment banking industries.

The most recent employers of our Master in quantitative Trading & Financial Engineering alumni are: Optiver (Amsterdam), Alloptions (Amsterdam) , Pivot capital (Monaco), Sphere Invest (Geneva/Malta), Société Générale Investment Banking (london), natixis Capital Markets (Paris) …

Some of our Alumni have started their own Hedge Funds.

Camilo Forero, MFIN 2010 SWAPS TRADER, Derivatives Desk at Bancolombia "Given the enormous availability of first class education all over the world, for anyone to find the perfect fit or right program is quite a challenge. Right now I am happy...I have been able to recreate a little bit of the master’s experience everyday back in Bogota, as I am currently working for the Colombian largest financial institution, contributing to the development of the Colombian interest rate derivatives market. As I said, choosing the right program for you it is a tough task, but if you are considering IUM probably you are on the right path."