About University Paris Dauphine |
The Master in Asset Management (DESS 222) |
Program Structure |
Faculty and Visiting Professionnals
 ABOUT UNIVERSITY PARIS DAUPHINE

Created in 1968, the University of Paris Dauphine, has carved out an enviable reputation among leading European institutions for business education . It was founded as an independent center dedicated to teaching and research in private and public organizations, and market dynamics in all sectors of the economy. Along the years, the university has developed a number of highly rated undergraduate and post-graduates programmes in applied mathematics, computer sciences and social sciences; specifically economics, business administration and finance. Dauphine students receive a broad-based education that ensures their adaptability. They are also involved in in-depth professional courses designed in close collaboration with the business world aiming at developing leadership, innovative thinking and problem solving capabilities, in a global context.

Facts and Figures
  • The student body : 7,400 students enrolled in three levels of study from undergraduate to post-graduate programs.
  • The faculty : 359 lecturers and researchers including 78 full time professors.
  • 900 visiting lecturers from the corporate world and professional spheres.
  • International Relations : 12% foreign students from 85 different countries. Dauphine has 83 international exchange agreements.
  • Research : Dauphine is home to 24 research centers, 4 of which are associated with the French National Center for Scientific Research (CNRS). Dauphine also counts 3 Doctoral schools, in Economics, Management Studies and Mathematics. Finally, Dauphine has 2 institutes, the Institute of Finance and the Research and Innovation Management Institute.
 THE MASTER IN ASSET MANAGEMENT PROGRAM
(DESS 222)

The Master in Asset Management program draws upon two of University Dauphine’s distinctive strengths: its commitment to excellence and innovation in applied economics and financial research on the one end, the ongoing exchange of ideas between acadamia and the financial community, on the other.

The curriculum was designed with a consortium of investment firms led by Axa IM. Its objective is to provide graduates with the broad knowledge, skills set and perspective necessary to seize the opportunities of a global financial environment as well as understand and manage related risks. It prepares for a wide range of careers in the financial industry in areas such as:
  • Portfolio Management
  • Equity and Fixed Income Research
  • Structured Product Engineering and Marketing
  • Alternative Investment
  • Private Equity
  • Performances analysis
  • Sales &Trading
  • Intuitional Sales and Marketing
  • Financial Consulting
Academically challenging, the Master in Asset Management program has a part time curriculum that combines both a theoretical and a practical approach to the latest developments in finance and investment management. It also provides students with the intangible skills sought by employers today: strategic thinking, sound decision making, leadership and team skills, and the ability to adapt to changing situations. Equally important, the program provides immediate value that is essential for tomorrow's managers and social contact and networking opportunities in a dynamic, multicultural, urban business setting.

Admission is fairly selective. Applicants should have a 4-year undergraduate degree and a solid grounding in either economics, business administration, or quantitative sciences. The program does not require prior work experience, although it can be a plus. The continuing education track is open to high potential young professionals, with a few years of experience and adequate credentials, generally sponsored by their employers. Courses are generally taught in French. However candidates are required to have a solid knowledge of English.

A Part Time “en Alternance” Curriculum

A distinctive feature of University Dauphine ’s Master in Asset Management program is the students’ immersion in real world situations through the internship during the academic year: For a 6-to-12 months period, and on a three-days-a-week basis, interns are involved in the daily flow of business in areas such as investment research, fund management, sales and trading. Our graduates gain first hand exposure to the practice of finance, investment and risk management. In addition, the long “ en alternance” internship offers students opportunity to develop their skills in a chosen field for career development, and position them well for future job placement.

Most leading investment houses have expressed strong interest in the innovative part time internship principle, and often consider it as a pre-recruiting step. The following firms regularly offer internship positions to the participants of the Master in Asset Management Programme (non exhaustive list): Société Générale Asset Management, AXA Investment Managers, BNP Paribas Asset Management, Crédit Lyonnais Asset Management, Deutsche Bank, HSBC Asset Management, ABN AMRO, BNP Paribas Securities, …
 PROGRAM STRUCTURE
The program has three major course components . First, prerequisites will strengthen basic knowledge in financial mathematics, econometrics and derivatives for the study of finance at a sophisticated level. Second, the theoretical courses provide a strong foundation in applied economics and the analytic skills employed in financial management. Third, the practical courses and conferences cycles, lectured by faculty and visiting professionals experts in their field, apply academic knowledge to financial issues in institutions and to asset management. The curriculum can be completed in 12 months or 24 months (continuing education track).
THEORITICAL COURSES
ECONOMICS AND FUNDAMENTALS OF FINANCE 66 h
Arbitrage and Asset Valuation 12 h
Micro-economics 12 h
Macro-economics and Portfolio Management 21 h
Financial Markets Microstructures 21 h
QUANTITATIVE METHODS 33 h
Econometrics 18 h
Asset Price Forecasting 15 h
LEGAL ENVIRONMENT OF INVESTMENT SERVICES 21 h
PREREQUISITE
Derivative Products 9 h
Financial Mathematics 18 h
Introduction to Econometrics 12 h
PRACTICAL COURSES
INVESTMENT ANALYSIS 21 h
PORTFOLIO MANAGEMENT 144 h
Applied Portfolio Theory I 15 h
Applied Portfolio Theory II 12 h
Factor Models 12 h
Continuous Process 12 h
Applications in Portfolio Management 30 h
Indexed Products, Structured Products 12 h
Alternative Investment 21 h
Advanced Fixed Income Portfolio Management 15 h
Performance Analysis 15 h
SPECIAL PRODUCTS 15 h
Private Equity, Venture Capital 9 h
Securitization 6 h
FRONT OFFICE ANALYTICS TOOLS 12 h
BACK OFFICE 15 h
MARKETING OF FINANCIAL PRODUCTS 27 h
Marketing, Product Engineering 15 h
E-Commerce 12 h
 FACULTY
Thierry ANE
Assistant Professor of Management
Philippe BERNARD
Assistant Professor of Economics
Florence BERTRAND
Assistant Professor ­ Law
Jean-François BOULIER
Associate Professor of Management,
Head of Fixed Income Investment- CLAM
Alain BUTERY
Professor of Mathematics
Jérôme FILLOL
Assistant Professor of Econometrics
Thierry GRANGER
Professor of Economics
Jacques HAMON
Professor of Management
Elyès JOUINI
Professor of Mathematics
Jean MATHIS
Professor of Mathematics
Fabrice RIVA
Assistant Professor of Management
Yves SIMON
Professor of Management
Erik TAFLIN
Professor of Mathematics
 VISITING PROFESSIONALS
Jean-Luc ALEXANDRE
Head of Proprietary Trading CDC IXIS Londres
Catherine ANCEL
Analyst of Performance Research AXA-IM
Pierre-Emmanuel BOULIC
Senior Investment Manager Private Equity AXA-IM
Guillaume de CHARRY
Managing Director CPR Online
Charles-Etienne de CIDRAC
Director of consultants Relations AXA-IM
Pascal CONSTANTINI
Eurozone Strategist DEUTSCHE Equities
Jean-François DARRICAU
Head of Investment Performance Research AXA-IM
Olivier DAVANNE
Associate Professor of Economics, Advisor to the Conseil d'Analyse Economique
Christophe FLORIN
Senior Investment Manager Private Equity AXA-IM
Gilles GLICENSTEIN
Managing Director BNP PAM
Béatrice GOSSEREZ
General Counsel FIDELITY France
Robert de GUIGNE
Head of Global Data Group AXA-IM
Pierre HERVE
Président Advanced Fund Analysis
Jean d'IZARNY
Director of Business Development CLAM
Marc LASSERE
Private Equity Investment Manager AXA-IM
Xavier LAZARUS
Head of Private Equity CPR
Maxence LE GOUVELLO
European Financial Services Analyst DEUTSCHE Equities
Yves MARTIN-MERIADEC
Director Institutional Clients CLAM
Stéphane PRIAULET
Head of Financial Engineering AXA-IM
Christian RABEAU
Director of Asset Allocation AXA-IM
Virginie TIBLOUX-GALAS
European Strategist DEUTSCHE Equities
Pierre VRIELINCK
Head of Middle Office BNP PAM

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