Published on February 11, 2022– Updated on January 5, 2025
Master Mathematics Applied to Financial Engineering
LMD academic program
Master Mathematics Applied to Financial Engineering
Résumé
The Master Mathematics Applied to Financial Engineering offers training in financial engineering to students holding a bachelor's degree in mathematics or applied mathematics. Read moreAccéder aux sections de la fiche
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Details
Introduction
The Master Mathematics Applied to Financial Engineering allows to master the scientific foundations of mathematical tools in finance, and it also offers solid knowledge in financial engineering in order to be fully operational in business. This master is built in collaboration with the second and third years of the engineering training in Mathematical Modeling for Finance and Actuarial Science at CY Tech.
Places
The lectures are mainly given in the Saint-Martin campus.
Person in charge of the academic program
Heads of the master
Christian Daveau
christian.daveau@cyu.fr
Philippe Gravejat
philippe.gravejat@cyu.fr
Administration
Phanie Joucla (Master 1)
phanie.joucla@cyu.fr
Nathalie Alinc Delanoy (Master 2)
nathalie.alinc-delanoy@cyu.fr
Partnership
Research center
The master relies on the AGM Research Center in Mathematics (UMR CNRS 8088).
Institutions
The master is proposed by CY Tech Science and Technologies.
Corporations
In recent years, students of the master Mathematics Applied to Financial Engineering have completed their second-year work experience in companies such as Action Logement, Axa, Crédit Agricole, GAN, Groupama, Prévoir Vie, or Ratp.
Admission
Prerequisite
Prerequisites training
The first year is open to candidates holding a bachelor's degree (in mathematics or in applied mathematics), or any equivalent degree. Obtaining a mention in this degree is fully appreciated.
The second year is open to candidates holding a first year of a master's degree (in mathematics or in applied mathematics), or any equivalent degree.
The second year is open to candidates holding a first year of a master's degree (in mathematics or in applied mathematics), or any equivalent degree.
Application
Conditions of applications
- Application to the first year of the master
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The first year of the Master Mathematics Applied to Financial Engineering will supervise 20 students during the 2025-2026 academic year. The application has to be made via the platform Études en France. The application forms consist of:
- the diploma and mark transcripts from the bachelor's degree (in mathematics or applied mathematics),
- the diplomas and mark transcripts for the last three years,
- a motivation letter, which describes in particular the professional project.
Deadline for the application: December 15th, 2024. - Application to the second year of the master
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The second year of the Master Mathematics Applied to Financial Engineering will supervise 15 students during the 2025-2026 academic year. The application has to be made via the platform Études en France. The application forms consist of:
- the diploma and mark transcripts from the first year of the master's degree (in mathematics or applied mathematics),
- the diplomas and mark transcripts for the last four years,
- a motivation letter, which describes in particular the professional project.
Deadline for the application: December 15th, 2024.
Conditions of specific applications
You left higher education for more than two years, you are an employee, job seeker, self-employed,...: submit your application to resume studies here.
People with disabilities who wish to follow the master Mathematics Applied to Financial Engineering are invited to contact us directly, in order to study together the possibilities of following the training.
People with disabilities who wish to follow the master Mathematics Applied to Financial Engineering are invited to contact us directly, in order to study together the possibilities of following the training.
Program
- Master 1 Program
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- Block 1
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- Partial Differential Equations (4 ECTS)
- Advanced Optimization (4 ECTS)
- Probability (4 ECTS)
- Stochastic Processes 1 (4 ECTS)
- Python Programming (3 ECTS)
- Stochastic Simulation (3 ECTS)
- Project (8 ECTS)
- Block 2
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- Contingent Claims Valuation 1 (3 ECTS)
- Portfolio Management 1 (2 ECTS)
- Introduction to Insurance (1 ECTS)
- Advanced Numerical Methods for Partial Differential Equations (3 ECTS)
- Stochastic Processes 2 (3 ECTS)
- C++ Programming (2 ECTS)
- Visual Basic (1 ECTS)
- Block 3 Research
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- Advanced Functional Analysis (4 ECTS)
- Applied Harmonic Analysis (4 ECTS)
- Dynamical Systems (4 ECTS)
- Block 3 Work Experience
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- Work Experience (12 ECTS)
- Master 2 Program
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- Semester 1
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- Fintechs, InsurTechs and RegTechs (3 ECTS)
- Financial Markets and Bloomberg (3 ECTS)
- Model Calibration and Simulation (4 ECTS)
- Practical Fixed Income (3 ECTS)
- Stochastic Calculus (4 ECTS)
- Theory of Contingent Claims (4 ECTS)
- Modeling (4 ECTS)
- Interest Rates, Exchange and Information Markets (4 ECTS)
- Semester 2
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- Time Series Methods (4 ECTS)
- Machine Learning with Python (4 ECTS)
- Portfolio Management (4 ECTS)
- High Risks, Extreme Values (3 ECTS)
- Final Year Project (6 ECTS)
- Work Experience (10 ECTS)
Educationnal team
Lectures and tutorials are given by members of the mathematics department and professionals from the world of finance.
Internship(s)
The first-year work experience lasts six months. It consists of an initial approach to the professional world.
The second-year work experience (lasting six months) is aimed at preparing to a subsequent professional integration.
The second-year work experience (lasting six months) is aimed at preparing to a subsequent professional integration.
Rhythm
School and work experience alternating
The second year is planned as a work-study program, with a rhythm of one week out of two in the company.
Assessment
Evaluation is performed according to the master's rules for the control of the knowledge, via written or oral examinations, and/or continuous assessments. Dissertations and work experiences are evaluated after submission of a written report and an oral defense.
What's next ?
Job opening
Business sector or job
The Master Mathematics Applied to Financial Engineering provides access to all financial engineering professions such as decision support, research and development, expertise in digital simulation, or even financial risk, etc. The opportunities are mainly in the banking or insurance sectors.
Submission
Tuition
Registration fees respect the French national rules.