MSc Equity Research and Investment Management

MSc Equity Research and Investment Management

This MSc is affiliated to the CFA Institute and prepares you for the three CFA exams, as part of the curriculum.

The CFA® charter is one of the highest distinctions you can earn in the Finance profession, and it is highly regarded by Finance recruiters. This program prepares you to be successful in a career in Finance, with a focus on Investment Management, analytical jobs and Equity Research.

CFA Institute

Contact-us › Apply online ›


DurationDuration: 18 months   
LanguageLanguage: English   
TuitionFeesPresential: 496 hours   
Appli FeesCredits: 96 ECTS   
CampusCampus: Toulouse   
ModeRhythm: Full-time   
Appli FeesIntake: Sept. 14th   

 


A CFA charter is a strong asset to be recruited in the Finance industry: it shows a good command of generic financial concepts, an ability to work hard and differentiates from other candidates. A level 1 candidacy is often required to apply to top jobs in I-banks and Investment Management (IM) firms.

This MSc provides a theoretical foundation for a broad range of jobs: both in corporate (financial analysis, equities) and markets (quantitative skills, financial instruments, portfolios), while helping to maintain high ethical standards.

The IM industry offers many employment opportunities: new regulation forced the separation of investment and research functions — creating a need for additional analysts — while the need for investment managers increases with an aging population.

Calendar

Program Calendar

Program Design

This program consists of five learning experiences rigorously designed to develop your managerial and operational skills in your field of professional expertise.

Professional expertise

9 Course units:

1. Financial analysis
Objective: Learn how to analyze financial statements to understand sources of performance and risk.

2. Capital markets and Fixed income investments
Objective: Understand (1) how capital markets work and (2) how to evaluate fixed income securities and portfolios of fixed income securities.

3. Derivatives and Risk management
Objective: Learn (1) how to value Derivative securities and (2) how to implement Risk Management initiatives, including by using derivatives or FX instruments.

4. Portfolio management
Objective: Show (1) how to allocate assets in a portfolio, (2) discuss advanced portfolio management concepts and (3) discuss the benefits of Alternative assets in an investment portfolio.

5. Investment strategies
Objective: Discuss (1) how investments in Equities fit in the context of a broader portfolio, (2) how investment ideas are generated by Buy Side analyst and Hedge Fund managers and (3) the use of behavioural finance in selecting Equity investments.

6. Corporate Finance
Objective: Discuss key topics in Corporate Finance and provide the foundation to perform Equity valuation.

7. Corporate Finance applications
Objective: Provide the theoretical background for corporate finance applications: M&A, restructuring and Private Equity investments.

8. A Research Methods
Objective: Provide tools, examples, and guidance for students to produce research in their academic and professional activities.

9. B Ethics and Economics for CFA®
Objective: Understand the economic and professional environment for the Investment Management industry; prepare the Economics and Ethics section from the CFA exam.

Soft Skills Certificate

Career StarterCertificate designed by 26 professors & leadership and management professionals in collaboration with TBS Career Starter.
“Soft Skills” are intrapersonal and interpersonal skills that create the conditions for a successful and sustainable team and allows to effectively manage your career.

2 Courses units:

Management and leadership skills
Objective: Acquire nine key competencies to lead teams and manage your professional career.

Management and leadership skills

Career agility
Objective: Reveal your talent and make evolutionary choices in accordance with your deep aspirations.

The Career Starter is a support center that helps students define and develop their career project. Through several lectures, workshops, individual tests and coaching sessions, a specialist will support each student from their first questions to looking for the right internship or job.
Coaching: we support you in your reflection on your skills, strengths and areas for improvement. Through personality tests and individual coaching, we link this self-knowledge to your ambitions and career choices.
Personal Branding: you will participate in workshops to build your CV and e-portfolio to best highlight your experiences and skills for your future employers.

Consulting Mission

A unique exercise that is a major asset in your program!
For the account of prestigious TBS partner companies, students, coached by the professors, carry out a strategic diagnosis aiming to analyze its competitive position, then propose strategic and operational recommendations to meet its challenges.

Examples of partner companies
Aerospace Valley, AIRBUS, Cap Gemini, Comtesse du Barry, Continental Automotive, EY, Hilti, Mars Petfoods, Motorola, Thalès, Rockwell & Collins.

Cap Gemini EY Aerospace Valley Airbus
Continental Automotive Comtesse du Barry Hilti Mars
Motorola Thalès Rockwell & Collins  

Master Thesis

Objective: Increase your brain agility to anticipate and solve complex business issues in your field of expertise.

Each student in this MSc program is required to write a dissertation which addresses a current issue in management from an academic or professional perspective in his field of expertise.

The student thus contributes to the study, analysis, formalization and abstraction of the identified problem.

In-company Work experience

Internship

Students may carry out an internship in the company of their choice for a period of 3 to 6 months. This internship is not mandatory for the validation of the diploma but allows students to obtain 10 additional ECTS credits.

Régis HUCRégis HUC, MBA, CFA
Professor of Corporate Finance

Academic requirements:

  • Direct access to MSc:
    • 4-year Bachelor Degree (240 ECTS) or equivalent
    • CFA® Charterholders
  • PREPARATORY PROGRAM
    Students with a for 3-year Bachelor Degree or equivalent (180 ECTS). TBS PREPARATORY PROGRAM builds up business and leadership skills in order to help international management students enroll successfully in the TBS Master of Science program of their choice.

More information about PREPARATORY PROGRAM ›

Language level:

  • For programs taught in English: English mother tongue OR TOEFL IBT 80 / IELTS 6.5 / TOEIC 800 / FCE / CAT 165
  • For programs taught in French: French mother tongue OR B2 OR equivalent

MSC Deadline to apply:

  • Visa required: June 30th
  • No visa required: September 1st

This Master of Science prepares you for the following job categories:

  • Equity Research Analyst (Buy Side or Sell Side)
  • Portfolio manager
  • Various roles in Asset Management and Pension Fund Managers
  • Risk Manager
  • Research Analyst
  • Relationship Manager
  • Credit Analyst
  • Business Analyst
  • Investment Banking Analyst (M&A, ECM)
  • Private Equity analyst
  • Hedge fund analyst
  • Consultant

Fees : starting from 16 500 €.

The cost of this training includes:

  • All academic fees, including business visits.
  • Access to our virtual campus and all online educational resources.
  • Access to career starter services (CV workshop, business forum, etc.)
  • Access to the network of 46,000 alumni.

Funding:

  • SCHOLARSHIP: TBS is entitled to receive higher education scholarship students: mobility grants, state scholarships, merit scholarships (Eiffel, Marie Curie), TBS Foundation scholarships. (contact the school)
  • PERSONALIZED SCHEDULE: TBS welcomes students who wish to discuss their personal situation. TBS grants payment schedules from 1 to 4 instalments, or by monthly instalments during the course.
  • STUDENT JOBS: our student associations offer paid assignments on behalf of companies or individuals throughout the year.