Get Strong Technical Skills!

The academic expertise of the permanent professors is complemented by the strong practitioner expertise of IUM adjunct faculty and guest lecturers, all actively engaged professionals who bring into the classroom their real world experience and the industry stateof-the-art standards and practices. Students thus go beyond the theoretical framework and apply it to concrete contextual situations.

Students also gain an appreciation of real world company expectations, further developed through internships, applied projects and business competitions. This balanced exposure to theory and practice is one of the central pillars of the educational philosophy that underpins IUM programs.

A pedagogy rooted in practical application

The MSc in Finance is CFA Affiliated meaning that our Master has been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and placing emphasis on the CFA Institute Code of Ethics and Standards of Practice within the program.  This program positions students well to obtain the Chartered Financial Analyst® designation, which has become the most respected and recognized investment credential in the world.

Entry into the CFA Institute University Affiliation Program signals to potential students, employers, and the marketplace that IUM’s curriculum is closely tied to best professional practices and prepare students ideally for international careers.

IUM student in the Top 10% at the CFA Exam!

Franck Rivière, MSc in Finance 2018, passed the CFA (Chartered Financial Analyst) exam with outstanding results.

He finished in the top 10% students scoring the highest among the candidates who successfully passed the CFA exam Level 1.

The CFA Program is a professional credential offered internationally by the American-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. The program covers a broad range of topics relating to investment management, financial analysis, stocks, bondsand derivatives, and provides a generalist knowledge of other areas of finance.

Level I tends to have the lowest pass rate (42%), Kurt Schacht, a managing director at the CFA Institute said, because that’s the stage where the amateurs are weeded out from the serious players.

The top employers of CFA Charterholders globally are JP Morgan, UBS, RBC, Bank of America, and Wells Fargo.

Experienced and highly skilled professors!

IUM Professors are recognized experts in their fields and have excellent academic credentials.

Some of the research conducted by our full-time professors

  • Tokic, D.; Replacing LIBOR: Is BTFR the right choice?, Journal of Corporate Accounting and Finance, 2018, Volume 29, Issue 1, Pages 145–150.
  • Mantovani, G. M.; The Financial Value of Entrepreneurship. Using Applied Research to Quantify Entrepreneurial Competence, 2017, New York City, Palgrave Macmillan US (ISBN 978-1-137-36537-8; 978-1-137-39149-0).
  • Tokic, D.; Negative interest rates: Causes and consequences, 2017, Journal of Asset Management, Volume 18, Issue 4, pp 243–254
  • Campa D.; Hajbaba A.; Do targets grab the cash in takeovers: The role of earnings management, 2016, International Review of Financial Analysis, 44 (2016) 56–64, Elsevier Inc.
  • Mantovani, G. M.; Castellan E. Is Basel the Right Gateway for a more Efficient Debt Market? An International Comparison, 2016, ACRN Journal of Finance and Risk Perspectives, vol. 1, pp. 22-51 (ISSN 2305-7394).
  • Gadzinski, G.; Boigner, P.; Diversification with Risk Factors and Investable Hedge Fund Indices, 2015, Journal of Asset Management16, 101-116.
  • Gadzinski, G.; Boigner, P.; Seeking Fully Investable and Optimized Exposure to Alternative Assets, 2015, Alternative Investment Analyst Review, Q2 2015, Vol 4, Issue 1.
  • Campa, D.; Camacho-Miñano, María-del-Mar; The impact of SME’s pre-bankruptcy financial distress on earnings management tools, 2015, International Review of Financial Analysis 42 (2015) 222–234, Elsevier Inc.

Some of the professionals who bring into the classroom their real world experience and the industry stateof-the-art standards and practices.

Apply your technical skills!

The MSc in Finance is filled with exciting challenges like the CFA Institute Research Challenge which is a very concrete way for students to apply their technical skills.

CFA Institute

This year, the IUM team competes with seventeen other top schools in France and has to research and analyze PERNOD RICARD, a French company that produces distilled beverages.

I strongly believe that this new experience will bring me a lot in terms of knowledges in equity analysis. Participating to CFA is also a good opportunity to improve myself by pushing further. Challenging yourself is the only way to achieve excellent results in the professional life (and not only), said one member of the team.

For me, the CFA Challenge represents an outstanding opportunity to show my equity valuation skills to an external jury. Besides the theoretical knowledge, the experience to work in an international team and compete with the best universities in a very practical manner will prepare for a prospective job in the financial industry, said an other member of the team.

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company — and also having the chance to meet with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and if the report is selected, the teams are being asked to present and defend their analysis to a panel of industry professionals.