Programme curriculum

The MSc Finance takes place over three terms – two of which are taught, with the third dedicated to undertaking an internship.

During the first term you will learn the finance essentials along with the most advanced techniques in the field. In the second term you will be able to specialize and focus on the most appropriate professional area to meet your future career goals. Finally, in the third term you will undertake an internship in a renowned national or international company.

In addition, throughout the whole course you will benefit from the exclusive access to financial databases (Bloomberg Terminal and Infinancials) to which we are subscribed as well as from our personalized coaching service to help you define your career goals and set you on the right professional path.

 

1st Semester - Landing in the world of Finance

The first term is divided into four academic modules designed to provide you with a strong basis in business management and finance.

Business Preparatory Course

Our Business Preparatory Course (BPC) is designed to align your knowledge to the master’s academic requirements.

Should I enrol in the BPC?

Our MSc Finance is primarily targeted at candidates with management-related academic backgrounds.

Management-related academic backgrounds: In this case, you do not need to enrol in the BPC. Anyway, you are also welcome to do it! In fact, it is highly recommendable as you will have the chance to refresh your management skills.

Non-management-related academic backgrounds: In this case, you do need to enrol in the BPC.

In both cases the BPC is already included in the total tuition fee.

The BPC will take place before the beginning of the regular MSc Marketing Management classes from November to December 2018. It consists of:

  • Introduction to Accounting and Finance
  • Quantitative Methods
  • Introduction to Marketing

 

 

Business Management Foundations

In this module, you will learn the main key concepts in business management and their strategic importance in all types of companies.

  • Strategic Management
  • Operational Business Plan
  • Human Resource Management
  • Information & Decision
  • International Business
 
 

Finance Essentials

This module fully prepares students for a future career in the financial departments of international companies. It is designed to provide the key skills and expertise required to act as a Chief Financial Officer (CFO) and prepares students to analyze problems and make managerial decisions from a diverse range of perspectives. The same set of knowledge, competencies and skills can also be successfully applied to operating within auditing and consulting firms, as well as financial institutions.

The module includes subjects aimed at providing students with a complete set of tools so that they can create and implement financial strategies, manage financial departments and supervise profitability and financial performance in international corporations. Subjects include:

  • Advanced Financial Analysis
  • Financial Management & Corporate Valuation
  • Structuring Mergers & Acquisitions
  • Project Management Controllership
  • Strategic Financial Management
  • Derivatives & Hedge Accounting
  • Financial Modelling
  • Financial Accounting Reporting & Management
  • Accounting Information Systems
  • International Corporate Governance & Sustainability
  • Advanced Management Accounting

 

 

Finance Consulting Project

The Finance Consulting Project is held in collaboration with one of TBS’s partner companies. Students will analyse a problem of a real company and will provide strategic finance recommendations.  

 

 

Business Simulation

At the end of this term students form workgroups representing different companies from the same sector. With the help of specialized software, teams will compete to apply their strategic finance knowledge and skills to advance the interests of their company. The competition will be held with teams from our campus as well as those from the Toulouse campus.  

 

 


 
 

2nd Semester - Time to Specialise

This term is divided into three modules based around the integration of finance into business strategy.

 

Business Strategy

An intensive course designed to provide in-depth business knowledge and develop the topics studied in the first term. The main goal is to prepare you to be able to solve highly complex real business cases. 

 

Professional Specialisation Path

Here you will choose one of the two Professional Specialization Paths the course offers:

  • Corporate Finance or
  • Management Control and Governance

Corporate Finance

This path is designed to train future professionals in the world of finance and provides students with a solid grounding in analytical and practical decision making. Students will also learn to manage problem solving in complex financial management issues.

These skills form a profile that is increasingly in demand by a wide range of multinational corporations and financial institutions such as banks, mutual funds, pension funds, insurance companies, auditing and consulting firms and the financial management departments of most firms around the world.

Management Control and Governance

This path is geared towards preparing students for roles as controllers, internal auditors and consultants. These practitioners must not only ensure the veracity of financial data, they also serve as partners and advisors to operations managers, as well as at times actively instigating change. Expert knowledge in their field is essential, in addition to having a wide range of soft skills and practical expertise so that they can rise to the diverse challenges of the job. An acute understanding of the strategic stakes of the company is also a key component of their skill set. 

 

Consulting Project

A consulting project performed in teams, often interdisciplinary, comprising the strategic assessment of a real company and the proposal of strategic recommendations. This is an exciting practical activity that implies the application of all competences developed throughout the programme.  


3rd Semester - Put Theory into Practice

During this semester, you will undertake a compulsory internship in a national or international company. The internship need to be related to the Professional Specialization Path you have chosen.

Internship Assessment

This internship is an integral part of the course and as such are assessed with:

Oral Presentation: You will have to detail your experiences and what you have learned during the internship period. Both the company supervisor and your TBS tutor will assess your presentation.

Internship Dissertation: You must produce a mandatory professional research paper that must be drawn up according to the precise procedures specified by TBS, with the help of an instruction guide and writing aids.

How to find your internship?

Our Career Starter Service will help you develop skills and provide you with professional tools to find the most appropriate internship to fit your career goals. They also offer a personalized coaching service to ensure that you get the most out of your internship experience.

Looking for an internship may be a complex exercise that requires perseveranceautonomy and initiative. This individual work to which you will be prepared during the Career Starter workshops, is also part of your learning and an important process that allows you to improve your employability.

In previous years, our MSc students have interned in the following companies and organizations:


         

         

         

         

       

 

Learning Method & Assessment

In accordance with TBS philosophy, classes other learning activities of the MSc Finance have been conceived as spaces of interaction between experts and students to build and share knowledge around professional challenges, helping learners to develop competencies to approach real organizational problems. As a result, a variety of methodologies are used, including lectures and explanations, but also debates, exercises, case studies, and all kinds of projects. Expert - learner interactions are tailored according to the context, the content and the objectives of the programme, meaning that there is no standard methodology and that it can vary according to the topic that is being dealt with.  

Consulting Projects

Junior consulting projects, serving demands from real companies in the search for strategic or functional insight for specific challenges they experience, are often the corollaries of the studies, thus, stimulating students to be audacious in proposing business solutions after deep analysis of the problems.

Learning Itineraries

The MSc Finance curriculum is integrative and dynamic, combining trends in scientific development as transferred from the academic departments, and professional tips and heuristic approaches from practitioners. Instead of separate modules, content is revised through learning itineraries that facilitate integration between the different parts. Exams and projects are then transversal to the study path, enforcing this integration. These itineraries are also managed by an expert (scholar or practitioner) responsible for updating each year the programme content, after reviewing job market demands, latest trends in the field, internal coherence and consistency, etc. This organization allows the programme to improve each year and be more adapted to external demands.  

Evaluation System

Assessment of individual achievement is always part of the evaluation system, but it is complemented by many opportunities involving team work. Very often these group assignments are to be developed by pre-arranged teams where we encourage diversity in terms of national origins, programme, specialty, among others, in coherence with our value of openness. Peer assessment is not infrequent in this context. Outcomes and outputs are an important part of what is assessed, but feedback on the process is also part of the grade in the form of valuation of the effort, assiduity, engagement, and other skills alike. As noted, exams are by no means the only instrument used to evaluate student’s progress.  

Transfer

Transfer to professional life is ensured by a mandatory internship period in a company, after which a report is presented where scientific knowledge is used to raise proposals of improvement for the firm. This pedagogical approach assumes that students are independent and proactive learners or else it would not work properly. Students who make the most in terms of their professional skills, are those who participate actively, profit from the learning resources made available by the school, try different strategies to deal with interpersonal difficulties and organize themselves to meet multiple demands with high quality products.