Master 2

Statistics, Finance and Actuarial Science


Overview


Stochastic models are intensively used in financial institutions and insurance companies. Beside model specifications, accurate statistical methods are crucial for the sake of estimation, calibration and forecasting. This trend has been recently strengthened by the rise of data science and machine learning. The program “Statistics, Finance and Actuarial Science” aims to train high-level specialists in the field of random modelling and risk management for the needs of all types of financial institutions (banks, insurance companies, asset managers, hedge funds, etc). To achieve these ambitious goals, a strong level in probability and statistics is required. The curriculum is organized around core courses in time series, machine learning, risk management, actuarial science and mathematical finance. Many advanced courses will allow students to deepen their knowledge of certain technical fields up to the frontiers of research. Finally, our students may have the opportunity to obtain the accreditation as an actuary by the French Institute of actuaries, once they have validated a subset of specialized courses imposed by the Institute.

PhD track in Quantitative Finance: It is possible to combine courses from these options as well as some courses from the M2 “Probability and Finance” and the M2 “Data Sciences for Artificial Intelligence”.

Language of instruction: English and French
ECTS: 60 (lectures 46 ECTS at least, internship 14 ECTS)
Oriented: Industry and research
Duration: 1 year
Courses Location: IP Paris


Educational objectives


The objective of the M2 is to provide students with all the necessary mathematical and cultural tools to meet the new needs created by the development of financial markets and their evolution and the increasing complexity of the mathematical tools used, whether probabilistic, statistical or numerical in nature.


Program structure


Detailed information is available at: http://www.master-statistique-finance.com/

Theoretical training runs from the beginning of October to the end of April followed by a 6-month internship, that starts in May.

Program


Admissions


Application guidelines for a master’s program at IP Paris

Academic prerequisites

  • Completion of the 1st year of a master program (Master 1)

Application timeline

Deadlines for the Master application sessions are as follows:
– First session: February 28, 2020
– Second session: April 30, 2020
– Third Session (optional): June 30, 2020 (only if there are availabilities remaining after the 2 first sessions)
Applications not finalized for a session will automatically be carried over to the next session.

You shall receive an answer 2 months after the application deadline of the session.
You can check your application status by logging in your candidate space.


Tuition fees


International Master: EU students : 4250 euros / Non-EU students: 6250 euros


Contact


Jean David Fermanian

Christian Francq

Christian-Yann Robert
Email