MASTER OF FINANCEADVANCED STUDIES AND RESEARCH

GRADUATE SCHOOL OF MANAGEMENT (IGR-IAE)University of Rennes 1 - France

2013 - 2014 Year

Academic

Prepare a Master’s thesis or the CFA® exam

The «Advanced Studies and Research in Finance» program is a one year course whose main objectives are:

• to prepare students to doctorate level

• to prepare for the CFA® exam

• to provide a solid background and training to pursue careers in the financial, banking, insurance and corporate sectors as research analysts, financial consultants or executives...

Students will acquire up-to-date knowledge and become experts in a field of specialization.

The program is divided into two paths: the regular program and the CFA® (Chartered Financial Analyst) preparation. The Master’s thesis constitutes an essential part of the regular program. The CFA® program is organized in collaboration with Bärchen, an institution specialized in CFA® preparation.

Great emphasis is placed on the development of critical analysis and innovative skills. The program is supported by the Research Center for Economics and Management (CREM), the only research center dedicated to Economics and Management Sciences in the western part of France. CREM is accredited by the National Center for Scientific Research (CNRS).

Course overview

Please send your complete application file and documents directly to the program coordinator at the following postal address before April 30:

Mrs. Odile Soulard - University of Rennes1 - IGR-IAE de Rennes - 11 rue Jean Macé – CS 70803 - 35708 Rennes cedex 7 - FRANCE

Admission requirements And proCedure

tuition fees 2013-2014Tuition fees for the academic year: 5300 euros. They include 300 hours of French for the regular program, and 200 hours of French and intensive preparation for the CFA®. Enrollment fee to the CFA exam is not included. This does not include affiliation to the French student social security scheme. Holders of French government grants and scholarships are invited to contact us for further details.

1 Program application form, duly completed and signed. This form can be downloaded from the School’s website: www.igr.univ-rennes1.fr

2 Certified copy of the Bachelor’s degree in Finance related field and accompanying certified transcripts

3 Evidence of English language proficiency. All applicants must submit official international scores of one of the following tests:TOEFL score of at least 550 paper test (80 IBT Score) or TOEIC 750 or above or IELTS overall band score of 6 for the Academic version or Proof of prior Higher Education in English speaking country (GPA of 2-4 scale)

4 Four passport sized photos (format 4cm x 4cm)5 Photocopy of all passport pages and «carte de séjour» if applicable6 Certified translation in French or in English of birth certificate7 Detailed curriculum vitae8 Motivation letter written in English explaining the reasons why you are applying to the course9 For applicants to the regular (thesis) path: 3 to 5 page thesis research proposal containing the

following sub-headings:working title, introduction, brief literature review on subject area, research problem, methodology, conclusion

Course modules

Students sit a French proficiency test at the beginning of September. Results place students in classes corresponding to their level: beginner, intermediate or advanced. Homogeneous groups will then be formed, preparing students for the national French examinations, the DELF, to be held at the end of the academic year. The French courses are also designed for a better integration in the student life in IGR-IAE, and a better understanding of the French culture and environment.

The program is divided into two paths: the regular program and the CFA® preparation. The program is taught exclusively in English. It consists of eight mandatory core modules. Students will attend several seminars on financial issues, taught by invited professors and professionals from the private sector.Students will take 100 hours of French language training throughout the month of September before the commencement of the program, and 100 hours of French classes during the first semester, at a rate of eight hours per week. During the second semester, the students in the regular program attend 100 of French classes, whereas the students in the CFA® preparation course will take an intensive CFA® preparation training given by a specialized institution (Bärchen).

Semester 1 : October 2013 – January 2014

Regular program (advanced studies for research)

CFA® preparation program

UE01 Quantitative Methods for Research in Finance- Back to Basics (Fundamentals in Finance ; Fundamentals in Quantitative Methods)- Mathematical Finance- Computational Finance- Econometrics and Statistics for Finance

Back to Basics- Fundamentals in Finance- Fundamentals in Quantitative Methods

30 hours

UE02 Recent Advances in Portfolio, Options and Fixed Income theories- Portfolio Management- Contingent Claims Theory- Fixed Income securities

Financial Markets and Portfolio Management- Portfolio Management- Market organization, indices, efficiency- Equity analysis and Valuation- Fixed income- Derivatives

45 hours

UE03 Recent Advances in Corporate Finance- Readings in Corporate Finance

- Capital Structure Theory - Corporate Finance and Financial Markets

40 hours

UE04 Recent Advances in Banking Finance- Risk Management in Banking - Management Control for Financial Institu-tions

Corporate Finance and Financial Reporting (CFA®)- Corporate Finance- Financial Reporting Mechanics and Standards- Understanding financial statements- Applications and international convergence

30 hours

UE06* Intensive French Langage 100 hours

Pre-semester: September 2013

UE6* Intensive French Language course 100 hours

Semester 2 : February 2014 – May 2014 with a thesis defence in June or September

UE05* Applied Methods for Research- Quantitative Finance- Empirical Finance

Economy- Microeconomy- Macroeconomy- Money

30 hours

UE06* Intensive French Langage (100 hours)Intensive preparation to CFA® exam taught by Bärchen (65 hours)

UE07 Finance seminars and courses taught by invited professors (about 10 sessions a year)

UE08 Master’s thesis Master’s thesis (optional) N/A

UE09 Internship (optional) Internship and professional thesis N/A

ContACt

Program Directors: Pr Franck MORAUX franck.moraux@univ-rennes1.fr Pr. Jean-Laurent VIVIANI jean-laurent.viviani@univ-rennes1.frProgram Coordinator: Odile Soulard - International office

Tél. : +(33) 2 23 23 34 22Fax : +(33) 2 23 23 78 45 / 78 00

Website: www.igr.univ-rennes1.fr All enquiries should be addressed to: igr.international-degree@univ-rennes1.fr

If you reside in one of the countries listed below, you will also have to apply for admission via the official government’s website for foreign students: www.campusfrance.org.

CAmpus frAnCe proCedure

If you need help with the application process, please contact your local French embassy or CampusFrance office for advice and guidance.Please note that you may have to choose the following title: «Master Droit, économie, gestion mention finance, comptabilité, contrôle de gestion spécialité études et recherches en finance/ advanced studies and recherche in finance», or choose: «formation hors catalogue» in the programme directory.

Algeria ArgentinaBeninBrazilBurkinaCameroonCanadaChileChinColombiaCongo

South KoreaIvory CoastGabonGuineaIndiaJapanLebanonMadagascarMaliMorocco,Mauritius

MexicoPeruRussiaSenegalSyriaTaïwanTunisiaTurkeyUnited StatesVietnam

importAnt dAtes to remember

Please note that applications are considered on a “first come, first served” basis.Applicants will be informed by email of the outcome of their application within a month of reception of the full application file, including the accompanying documents and fee. Please note that incomplete applications will not be considered. Admitted students will receive the official acceptance letter within two weeks after reception of the deposit.

Deadline to apply 30th April 2013C l a s s e s b e g i n - 2 S e p te m b e r 2 0 1 3End of academic year - September 2014 (including internship period)

Applications and accompanying documents should be sent by post to the following address:

Odile Soulard - International office - IGR-IAE de Rennes - 11 rue Jean Macé - CS 70803 35708 Rennes cedex 7 - FRANCE

www.igr.univ-rennes1.fr IGR-IAE has obtained the SGS Qualicert certification each year since 2006

If your country is not listed above, you will only have to send us your complete application file