Master 2

Second year of Master’s degree in Finance – Financial Analysis and Asset Management Specialisation

General Information

Access level

Four years of higher education

Location

IAE NANCY ARTEM Campus

Study methods

Initial training, Lifelong learning, Work-study program

Diploma obtained

Master’s degree

Internship

Yes

Eligible for the Personal Training Account

Yes

RNCP Code

35913

Presentation

The Master 2 Finance in Financial Analysis and Asset Management (AFGA) prepares students for executive positions in finance requiring a high level of specialisation in financial analysis, portfolio management, financial risk management, auditing and risk management in financial institutions, investment banks, management companies, audit or consultancy firms or within the finance department.

This specialised second year ensures that students have a particularly high rate of professional integration into jobs in line with their chosen specialisation.


Objectives

Based on a judicious combination of theoretical and practical teaching provided jointly by research professors and professionals, this master’s degree enables students to deepen their knowledge and their professional practices so that they can work as finance experts in financial analysis and fund management for the Financial Analysis and Asset Management (AFGA) speciality, and as financial controllers and financial directors for the Corporate Control and Finance (CFE) speciality.

During the year, students prepare for and pass two professional certifications: in Excel VBA (TOSA) and in English (TOEIC). Students also take part in a range of conferences, events, challenges and workshops to enhance their knowledge, skills and know-how.

Examples include participation in the PEEL entrepreneurship workshops, SST “Health and Safety at Work” certification awarded by the Red Cross and recognised by INRS, participation in themed research study days based on the work of CEREFIGE’s research professors, or themed round table discussions in partnership with the DFCG association, and the Nextwise portfolio management competition.


Skills acquired
  • Diagnose and evaluate financial products;
  • Mastering the regulatory and legal environment for financial engineering and asset management operations
  • Gathering, interpreting and producing economic, strategic and financial information;
  • Using and managing financial databases ;
  • Master the tools and methodology of financial and statistical modelling;
  • Formulate relevant, well-argued and detailed recommendations

Further study after M2

Students who so wish may continue their studies in a doctoral programme (selection prior to enrolment). The research initiated in M1 and M2 CFE can be continued in Master 2 “Consulting and Research Professions” in conjunction with the CEREFIGE laboratory.


Student associations

The student association specific to the Master’s in Finance is Bull & Bear.

Find out about all the student associations at IAE NANCY

Student associations

Organisation

PACE OF TRAINING

The “professional” dimension is widely developed in the AFGA course:

  • In 2nd year, a compulsory long-term work placement or a sandwich course
  • Participation in themed conferences, research workshops, training courses and professional certifications
  • Seminars on topical issues
  • Conferences and courses in English
  • Group case studies in strategy, finance and management control and a management simulation of “steering strategy and performance”.
  • Involvement of a large number of professional lecturers from the accounting, auditing, management control and finance sectors.

The IAE NANCY, via the Master in Finance, is a partner of the Lorraine Association of Financial Directors and Management Controllers (DFCG), with which it organises various events (presentation of professions and career opportunities, Trophy for the best dissertation, company visits, meetings, conferences, etc.).

Students can join a company or professional organisation during their training, via the following professionalisation schemes:

  • Apprenticeship contracts, as IAE Nancy is a partner of CFA Lorraine
  • The professionalisation contract
  • Full-time or sandwich courses

INDICATIVE TRAINING TIMETABLE

  • School starts in early September and finishes in mid-March
  • A block period of teaching at the beginning of the semester, followed by 2.5 days per week (Thursday to Saturday mornings)
  • a compulsory long-term work placement (from mid-March) or a work-study contract or sandwich course (3 days in the company from October, then full-time from mid-March)

Each semester, the course is assessed by continuous assessment and/or final examination.

Course programme – 400 hours of teaching

Research and Expertise in Finance (3 ECTS)

  • Conducting a research project
  • Expertise in finance

Financial Analysis (6 ECTS)

  • Financial and non-financial analysis of companies
  • International financial management

Investment funds (6 ECTS)

  • Investment fund industry and regulatory framework
  • Audit, compliance and fund valuation

Asset Management (6 ECTS)

  • Bond markets and valuation
  • Asset allocation and portfolio management
  • Sustainable finance

Financial and Tax Strategy (6 ECTS)

  • Mergers, Acquisitions and Restructuring
  • Private equity and innovation
  • Taxation of corporate groups

Internationalisation and Languages (3 ECTS)

  • Advanced topics in finance
  • International financial skills

Professional Methods and Practices (3 ECTS)

  • Professional Qualifications
  • Applied Finance

Investment Funds and Risk Management (3 ECTS)

  • Risk Management for UCITS and Alternative Investment Funds
  • Taxation of Financial Assets and Investment Funds

Banking and Banking Risk Management (6 ECTS)

  • Banking and asset/liability management
  • Banking risk management

Internship / Work-study programme (Professional experience) (18 ECTS)

  • Methodology and professional practice
  • Professional experience (dissertation, internship, work-study programme, etc.)

Continuing Education

Employees, jobseekers, the self-employed

Continuing vocational training enables all employees, whatever their professional or personal situation, to update their skills and promote their professional development.

Whether you’re an employee, a jobseeker or self-employed, you can obtain a diploma, a short or long training course leading to a qualification, either face-to-face or by distance learning, on a sandwich course, or you can take part in a validation of prior learning scheme…

The Master 2 in Finance is available as part of a Continuing Education programme, or as part of a Validation des Acquis de l’Expérience (VAE) or Validation des Acquis Professionnels et Personnels (VAPP) programme.

Our Professional Integration and Career Development Department will help you with your plans to return to education by offering you personalised interviews, guiding you through our range of training courses and informing you about the funding available depending on your status.

Learn more

Job opportunities

What happens after the AFGA Finance Masters?

The Master 2 AFGA prepares students for managerial positions in finance requiring a high level of specialisation in financial analysis, portfolio management, financial risk management, in financial and banking institutions, management companies, audit or consultancy firms or within financial management, including …

  • Financial analyst (market, risk, credit, funds, mergers/acquisitions)
  • Risk Manager
  • Business valuator
  • Financial auditor
  • Buy side analyst / Sell side analyst
  • Portfolio manager
  • Risk manager
  • Investment fund manager
  • Private Equity Consultant/Manager
  • Chief Financial Officer

0%

employment rate 18 months after graduation

0%

have a permanent contract

0%

of graduates feel that their job matches the level of their education

Find all the figures on the integration of our graduates

Surveys on the future and professional integration of graduates carried out by the Observatoire de la Vie Étudiante de l’Université de Lorraine.


International

Student exchange programmes (Erasmus +, bilateral programmes) enable students to gain international experience as part of their university studies. They also prepare qualified young people with an open mind and cross-cultural experience for a career in an increasingly international environment.

IAE NANCY has around forty agreements with foreign universities. Every year, around 30 IAE NANCY students spend an academic semester abroad.

Find out more about our exchange programmes and partner universities

Application


Conditions of admission
  • Admission by right for students from the Master 1 Finance and Control programme at IAE NANCY, after validation, depending on places available.
  • Parallel admission: holders of a Master 1 or any other degree equivalent to four years’ higher education and/or 240 ECTS, in a Finance, Management Control-Organisational Audit, Control-Accounting-Audit or, possibly, Banking-Money-Insurance, or Economics major, after examination of an application and a personal interview.

Admissions (F.I. and F.C.) are decided by the jury.

Continuing education

Employees, jobseekers, the self-employed

The Master 2 in Finance is available as part of a Continuing Education programme, or as part of a Validation des Acquis de l’Expérience (VAE) or Validation des Acquis Professionnels et Personnels (VAPP) programme.

Learn more

How to apply

Withdrawal of application form: Mid-March
Submission of application pack: mid-May
Eligibility: Mid-June at the latest
Interviews : End of May
Admission: Mid-June / End of June

For Campus en France applicants, please consult this page: https: //www.campusfrance.org/fr/candidature-procedure-etudes-en-france


Registration fees

For European students undergoing initial training, registration fees for national diplomas are set annually by ministerial decree. In 2026, they will amount to :

  • 254 euros for masters

There is also a Student and Campus Life Contribution of €105 in 2025/2026. This contribution must be paid by students not receiving a grant to cvec.etudiant.gouv.fr


Contacts

Katia ZUCH

Enrolment Officer
Student Affairs and Enrolment Office

Aurélie LINDEKENS

LIFELONG LEARNING
Project Officer for Career Integration and Return to Education
Career Integration and Development Department

Ophélie ROUX

Internships and Apprenticeship Contracts Administration
Career Development and Integration Service

Clara SPATZ

Business and Organisational Relations Officer
Career Development and Integration Department