Hedge Funds and Alternative Investments

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Master of Science (MSc)
Bachelor’s degree
16-month program
Monaco - London
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This 16-month track aims to equip students with a 360° vision of Alternative investments, with in-depth knowledge of the highly competitive Hedge funds sector.

Alternative investments include Private Equity, Venture Capital, Hedge Funds, Managed Futures, and collectibles like art and antiques. Commodities and Real Estate can also be classified as alternative investments.

Students will have the opportunity to experience the Monaco financial center and, during the second year, discover some world’s leading financial institutions in London.

This Finance degree gives students a solid foundation in financial analysis with a strong emphasis on real-life applications to sharpen your business sense.
The Master’s degree in Hedge Funds and Alternative Investments, thanks to small class sizes, ensures a high-quality learning process.
This Finance program integrates IUM’s network of asset and alternative fund managers in the course’s conception to ensure that the curriculum includes the latest developments and expectations of the alternative finance industry. Students can tailor your learning to suit your ultimate career objectives.

Master the full spectrum of traditional, alternative, and innovative investment strategies in Hedge Funds and Sustainable Finance

Candidate Profile

  • You are a driven, detail-oriented individual
  • Your previous studies and/or your previous work experience have allowed you to acquire good financial fundamentals
  • You are passionate about financial markets and, more generally, about investments and financial products
  • You aspire to an analyst position within a dynamic fund or an investment bank, with the ambition to move to a managerial position later on in your career

Hedge Funds and Alternative Investments


Core Module 1: Pillars of Corporate Finance9
Financial Accounting for Investments
Corporate Finance
Stock Valuation
Applied Business Project – Corporate Valuation
Core Module 2: Pillar of Market FinanceMacroeconomics for Financial Forecasting6
Statistics and Financial Data Analysis
Bond Valuation
SPRING Semester (January-June)
Core Module 3: The Financial IndustryInvestment Banking4
Ethics in the Financial Industry
Portfolio Theory and Management
Foreign Exchange Investing
Core Module 4: Advanced Financial MarketsRisk Management8
Derivative Products and Strategies
Derivative Products and Strategies
Portfolio Theory and Management
Specialization Module 1: Hedge Funds & Sustainable FinanceHedge Fund management7
Hedge Fund strategies
Sustainable Finance
London session and Electives module Trading and Financial Market Trends8
+ choice of 3 electives among:
Asset Allocation for Practitioners
Financial Innovation – Net Zero Portfolio Management 2
Financial Programming in VBA 2
Real Estate Investing 2
Venture Capital and Entrepreneurial Finance
FALL SEMESTER (September-December)Core Module 5: Capstone project
ONE option among:
Professional Internship
Research Thesis
Applied Research Project
Entrepreneurial Project

Professional Immersion: Internship, Thesis or Applied Project

At the end of the academic year, the applied research project or the internship gives you the opportunity to apply the theory gained in the MSc in Finance program and to further develop your interests and competencies in a chosen field of specialization.

In your internship search, you are supported by all IUM faculty members and by the IUM Career Office, providing you with information and guidance on the finance job market place, helping you throughout the year to carefully prepare your applications for these competitive markets.

Experiential Learning

  • Practical orientation with a focus on fundamental analysis and value creation
  • Strong emphasis on real-life applications for students to sharpen their business sense
  • An intense, collaborative environment that fosters very operational individuals

Admissions and Fees of the Master of Science in Finance

We strive to select a diverse student body, that reflects a variety of backgrounds, cultures, and nationalities but a wide range of personal interests and professional ambitions. We seek applicants with high potential worldwide who wish to share their talent and dreams with their community.

Admission Criteria

  • A 3 or 4-year university degree
  • Proof of English proficiency

Upload the required documents

  • Letter of motivation
  • University degrees and official transcripts
  • CV
  • Passport or ID card photocopy
  • ID picture
  • Proof of English proficiency (TOEFL, IELTS, Cambridge)
  • 80€ application fees
  • Letter of recommendation is not mandatory


  • Face to face
  • Phone interview
  • Video call interview
    The Admission jury meets once per month.


For the Hedge Funds and Alternative Investments Specialization, the 16-month program tuition is: 26,350€.


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Updated 28 May 2024