
MSc Financial Markets and Risk Management
- Program formatFull-time, Work-study
- Duration1 year to 2 years
- CampusGrenoble, Paris
- LanguagesEnglish
- Admission level3-years Degree to 4-years Degree
- DegreeMaster's Degree
- Tuition feesFrom €13,750
- Program formatFull-time, Work-study
- Duration1 year to 2 years
- CampusGrenoble, Paris
- LanguagesEnglish
- Admission level3-years Degree to 4-years Degree
- DegreeMaster's Degree
- Tuition feesFrom €13,750
Prepare for an International Career in Financial Markets and Risk Management
Why Choose the MSc Financial Markets and Risk Management?
- Earn an internationally recognized degree: The MSc is accredited by the French Ministry of Higher Education and confers a Master’s level qualification, along with the “Financial Analyst” certificate, recognized across Europe and internationally.
- Prepare for professional certifications: The program is aligned with the CFA® Candidate Body of Knowledge (CBOK) and is part of the CFA® Institute University Affiliation Program, offering excellent preparation for the Chartered Financial Analyst® (CFA®) exams.
- Learn in real-world conditions: Benefit from cutting-edge facilities such as the Bloomberg trading room on the Grenoble campus, where you can practice financial analysis in a simulated professional environment.
- Develop expertise in financial markets and risk management: The curriculum covers the fundamentals of corporate and market finance, as well as advanced topics such as sustainable portfolio management, market risk analysis, and financial modeling.
- Thrive in a multicultural environment: Study in English alongside international students and build essential intercultural skills for working in global financial institutions.
- Join an active alumni network: Become part of a community of over 49,000 graduates, including professionals working in asset management, private banking, commodities firms, and financial markets.
Gain 3 to 6 months of hands-on experience annually, allowing you to apply your skills, boost your employability, and build a strong professional network in asset management, private banking, or financial markets.
Take part in workshops led by industry experts, alumni, and recruitment professionals. Access online resources for internships and job opportunities, and join specialized professional communities.
Train in real-world conditions using the Bloomberg trading room on the Grenoble campus and access to S&P Capital IQ Pro. Case studies, simulations, and practical exercises strengthen your technical expertise and persuasive abilities.
The program is delivered by market finance experts, GEM professors, and guest lecturers from top academic and financial institutions worldwide.
The MSc is taught entirely in English and welcomes students from over 20 nationalities. Non-French speakers can take French courses (from beginner to advanced), while French speakers have access to other foreign languages.
In the second year, you can continue the program at GEM’s Paris campus or apply for a double degree with Università Bocconi in Milan (Master of Science in Accounting and Financial Management), subject to eligibility.
The program is accredited by the French Ministry of Higher Education and confers a Master’s degree. It is also affiliated with the CFA® Institute, making it an excellent preparation for the Chartered Financial Analyst® (CFA®) exams.
- Required experienceNone
- VPL accessibilityAccessible
- PRM accessibilityAccessible
6 good reasons to choose GEM
Global recognition
Ranked Top 8 in France and Top 30 in Europe, GEM is among the top 1% of business schools worldwide holding triple accreditation (EQUIS, AACSB, AMBA).
Immersive learning
A distinctive learning model combining academic excellence, real-world experience, close ties with companies and international exposure — to learn by doing and experimenting.
Personalized pathways
Progressive and flexible pathways designed to help students build a coherent, ambitious academic and professional project.
International dimension
Exchanges, double degrees, programs taught in English and strong cultural diversity, supported by a network of 230+ partner universities, opening real opportunities for international study paths and global careers.
Sustainable employability
Work-study options, internships and company-based projects to develop skills that are immediately relevant and valued in the job market.
A Trailblazing leadership with purpose
Campuses embedded in leading scientific, technological and industrial ecosystems, shaping curious, engaged minds ready to act in the face of major global transitions
GEM Grenoble – Alpine Campus
Located between scientific hubs, startups, and the Alpine mountains, GEM’s main campus embodies Grenoble’s DNA: pioneering, committed, and international.
Just steps from the city center, it welcomes a multicultural community representing 120 nationalities in a vibrant building that hosts a rich student life, numerous events, and frequent interactions with local companies. A campus where ideas flow and projects come to life, in an environment that is both stimulating and welcoming. A second Grenoble campus is dedicated to educational innovation, it brings together several cutting-edge immersive platforms where participants experiment, test, and learn by doing.
Answers to all your questions
Grenoble Ecole de Management’s MSc programs are intensive, internationally recognized graduate degrees designed for students who wish to specialize in a specific area of business, such as finance, marketing, innovation, sustainability, or digital technology. These programs combine academic excellence with practical experience to prepare students for international careers.
MSc programs are open to applicants with a bachelor’s degree (180 ECTS or equivalent) who have a strong academic record, a solid command of English, and a genuine interest in specializing in management. Whether you come from a background in business, engineering, economics, or science, your motivation and potential are essential.
Graduates of our MSc programs enter the job market with solid expertise and an international outlook. Career opportunities include positions such as financial analyst, brand manager, project manager, data strategist, sustainability consultant, or business development manager—depending on the chosen specialization. Our programs are designed to meet the real needs of the market.
Yes, all MSc programs at Grenoble Ecole de Management are taught entirely in English and are recognized worldwide. The school has triple accreditation (AACSB, EQUIS, AMBA), guaranteeing high academic standards and excellent international employability. You will also study alongside an international and diverse group of students.
Absolutely. Each MSc includes a mandatory internship or professional experience period as part of the curriculum. Students also benefit from career coaching, networking events, company visits, and job fairs to enhance their professional development and build a strong resume before graduation.
Applications are made directly through our online platform. You will need to provide your transcripts, a resume, proof of English proficiency (such as TOEFL, IELTS, or equivalent), a cover letter, and references. Shortlisted candidates will be invited for an interview. It is strongly recommended that you apply early as places are limited.
Your academic background
Core modules (September to February)
- Quantitative Methods for Finance
- Accounting and Financial Statements Analysis
- Algorithmics and Financial Modelling
- Digital Transformation in Finance
- Financial Markets
- Corporate Finance
- Auditing and Controlling
- International Financial Management
- Research Methods
- Responsible Leadership
- Languages
Core modules (September to December)
- Induction Seminar
- Fundamentals of Ethics and ESG
- Sustainable Asset Management
- Advanced Research Methods
- Integrative Case Study
- Languages (option)
Specialized modules (January to February)
- Advanced Financial Markets
- Data Analytics and Advanced Modelling
- Market Risk Management
- Dynamic Portfolio Management
- Commodities Markets
- Company Valuation
- Financial Market Innovation : DeFi (Decentralized Finance)
Work experience (3 to 6 months)
Program specifics
Immersive and career-focused learning
The program is built on an active learning approach: case studies, financial simulations, serious games, and hands-on exercises help you turn theory into practical skills. You will benefit from 15 to 20 hours of interactive classes per week, supported by around 30 hours of individual and group work.
Professional experience every year
Each year, you will complete a 3 to 6-month professional immersion, either in France or abroad. These experiences allow you to apply your knowledge, enhance your employability, and build a strong network in asset management, private banking, or financial markets.
Strong international dimension
The program is taught entirely in English and welcomes students from over 20 nationalities. In the second year, you can continue your studies at GEM’s Paris campus or apply for a double degree with Università Bocconi in Milan (Master of Science in Accounting and Financial Management), subject to eligibility. All students must complete at least 4 months of international experience to graduate. For non-French students, studying in France fulfills this requirement.
Language module to boost employability
Non-French speakers can take French courses (from beginner to advanced levels), while French speakers have access to other foreign languages as electives, helping them adapt to international professional environments.
Advanced technical skills
By the end of the program, you will be able to analyze and evaluate financial assets (stocks, bonds, commodities), derivative instruments (futures, swaps, options), build portfolios aligned with ESG objectives, use Python for asset modeling, and understand the challenges related to crypto-assets and blockchain.
How to ensure your degree is recognized worldwide?
All GEM MSc programs are internationally recognized by the prestigious higher education accreditation bodies, AACSB and EQUIS, and are equivalent to a level 7 degree on the European Qualifications Framework, in compliance with the Bologna Agreement for a master’s degree, comprised of 120 ECTS credits.
Your further studies after the MSc Financial Markets and Risk Management program
Graduates of the Master of Science program may continue their studies with an Advanced Master.
*Data based on the Class of 2023.
- Portfolio Analyst
- Asset Manager
- Wealth Advisor
- Sales & Trading Associate
- Commodities Trader
- Private Banker
- Market Risk Analyst
- Accenture
- Ardian
- Bank of America
- Barclays PLC
- BlackRock
- Bloomberg LP
- BNP Paribas
- Bpifrance
- Chanel
- Citigroup
- Danone
- Deloitte
- Deutsche Bank
- Eight Advisory
- European Central Bank
- General Electric
- Goldman Sachs
- HSBC
- J.P. Morgan
- KPMG
- Merrill Lynch
- Morgan Stanley
- Nomura
- PWC
- Rothschild and Co
- Schneider Electric
- SGS
- Société Générale
- Tikehau Capital
- Trafigura
- UBS
Launch your career
At GEM, the transition to the professional world begins on day one to ensure successful career integration for all students.
- Professional Experiences: At the core of your education, internships and work-study programs provide concrete opportunities to test your skills, boost your employability, and enrich your career path.
- The Career Center: It supports you at every stage of your journey to better understand yourself, refine your career project, succeed in applications, meet companies, and secure your first job. With a team of coaches and consultants, you benefit from personalized guidance, practical workshops, and numerous events to build a professional future that suits you.
- The Jobteaser Platform – 24/7: Access all internship, work-study, and job opportunities, key resources, and upcoming recruitment events anytime, anywhere.
- Access to a Wide Professional Network: With 49,000 alumni and over 600 corporate partners, you enjoy privileged access to a vast network of professionals worldwide and across sectors to expand your contacts, learn about careers, and seize opportunities.
How can you enroll in the MSc Financial Markets and Risk Management program
An official copy of an undergraduate degree equivalent to at least 180 ECTS credits, or a certificate of enrollment with an approximate graduation date.
An official copy of a Bachelor’s degree equivalent to at least 240 ECTS credits (4-year Bachelor’s degree, or 3-year Bachelor’s + 1 year of Master’s-level studies), or a certificate of enrollment with an approximate graduation date.
A minor (60 ECTS) in business studies, including courses in:
- Corporate Finance and Investment Decisions
- Accounting and Financial Statement Analysis
- Quantitative Methods for Finance
Please note that for your initial application, only copies of documents are required. If your application is accepted, you will be asked to submit certified digital copies, which must be presented during the induction week. More information about certified copies by nationality is provided in the application form.
To ensure that GEM is the right fit for you, you may be invited to an interview. You will be informed if an interview is required after the admissions jury meeting.
Admissions are processed on a first-come, first-served basis.
- TOEFL iBT: Minimum score of 80.
- TOEFL Institution Code: 8973
- IELTS Academic / IELTS Indicator: Minimum score of 6.0
- Cambridge English (Proficiency / Advanced / Business Higher) Level C1:
Accepted grades: A, B, or C - Duolingo English Test: Minimum score of 100
Exemption:
An exemption from the English test may be granted if your entire undergraduate degree was taught in English (official proof required).
Not accepted:TOEIC, Institutional TOEFL / TOEFL ITP
- University transcripts: front and back, including the grading scale
- Curriculum Vitae (CV)
- One motivation letter, to be written directly in the application form. It should cover your academic/professional background, your reasons for choosing this program, and your intercultural awareness.
- One academic or professional reference. Family members or friends are not accepted as referees.
- Passport scan
- Internationally recognized ID photo
- Proof of strong quantitative skills (one of the following):
- Transcripts demonstrating solid performance in quantitative subjects
OR - GMAT: minimum total score of 600, with at least 70% in the quantitative section
- GMAT Institution Code: 0365
OR
GRE: minimum of 60% in verbal reasoning, 70% in quantitative reasoning, and a score of 4.0 or higher in analytical writing
OR
CFA Level 1 exam with a passing score
- Transcripts demonstrating solid performance in quantitative subjects
Tuition Fees
2-year program:
- 1st year: €13,750
- 2nd year: €14,150
1-year program (direct entry into the 2nd year):
- 2nd year: €19,950
*Fees cover tuition, project supervision, and access to GEM facilities. They do not cover accommodation, meals, insurance, visas, or personal expenses.
Funding your education
Financial Support, Scholarships, Banking Offers, Student Jobs… Several solutions are available to support you in your study plans and make our programs more accessible.
GEM Financial Advisor is a platform designed to help you navigate financing options and find the solution best suited to your situation. It allows you to:
- Explore all available funding options (loans, scholarships, etc.)
- Identify the financing solution that fits your situation
- Quickly access the relevant contacts for each option
Life in France – A Blend of Culture and Innovation
Studying in France offers a unique opportunity to experience a rich cultural heritage, world-class education, and a vibrant lifestyle. From historic cities and stunning landscapes to cutting-edge research and innovation hubs, France provides an environment that fosters personal growth, academic excellence, and professional opportunities. Students benefit from a high quality of life, excellent public transport, and a thriving student community across the country.
Located in the heart of the Alps, GEM’s Grenoble campus combines innovation, nature, and an outstanding quality of life. Students enjoy close proximity to mountains perfect for skiing, hiking, and mountain biking, while studying in a city known as a scientific and technological hub. Grenoble hosts numerous start-ups, research centers, and international companies, offering students ample opportunities for collaboration, internships, and projects. The city’s compact size allows for a lively and accessible student life.
GEM’s Paris-Pantin campus places students at the center of a European hub for innovation and entrepreneurship, surrounded by leading companies, start-ups, and international institutions. Studying in Paris means access to the cultural, economic, and political capital of France, with unparalleled opportunities to attend conferences, professional networks, and cultural events. The campus combines a modern, collaborative environment with the resources of a global metropolis, offering students the ideal setting to develop creativity, innovation, and career prospects.
GEM has been awarded the Bienvenue en France Level 3 label for welcoming international students.
GEM has been awarded the state-certified “Bienvenue en France” level 3 label, attesting to the excellence of its welcome and support for international students.
Pursue the program in a work-study format
At GEM, the work-study format combines academic rigor with real-world experience — a true accelerator for both career development and personal growth.
Professional Experience
- Gain significant work experience while studying — a strong advantage on your CV and a powerful boost at the start of your career.
- Apply classroom knowledge directly in a professional context, developing your skills, confidence, and network.
Financial Support
The work-study model also allows students to finance their tuition fees, while receiving a monthly salary from their host company.
- It’s a smart way to invest in your future — gaining professional experience and financial independence at the same time.1,500 apprenticeship contracts signed in 2023–2024, reflecting the strength and dynamism of our programs
- A network of more than 600 partner companies in France and abroad
Complete an internship during your program
Internships: your professional springboard
Internships are an integral part of all GEM programs, from the Bachelor to the Master level, with placements lasting 2 to 6 months each year, either in France or abroad. These hands-on experiences serve as a bridge between academic learning and the professional world, allowing students to explore different roles, industries, and career paths while developing valuable skills and professional networks.
Internships are a key asset for employability, helping students refine their career goals and often leading to full-time job offers even before graduation.
Bringing your entrepreneurial project to fruition
Turn Your Idea into Action with the GEM Incubator
With IncubaGEM, you can launch your entrepreneurial project while continuing your studies. Support is both personalized, with guidance from experienced mentors, and structured, through workshops, targeted training, and access to a dedicated coworking space.
Since 2011, over 400 projects have been supported, giving rise to notable startups such as Lokki, Wizbii, Détective Box, and Champiloop. Entrepreneurship at GEM means joining a dynamic, committed ecosystem where ideas are tested, nurtured, and grown alongside experts and alumni.
Discover testimonials from graduates
Have questions about our MSc programs?
Connect with our International Recruitment Team to get personalized guidance on programs, the application process, and your future career opportunities. Our dedicated advisors are here to help you choose the program that best aligns with your ambitions and professional goals.
Europe

France

John-Collins Malebranche
Middle East & Africa
Sub-Saharan Africa
North America, Central America & South America

Alba Miranda
East and South East Asia
India & South Asia
Apply to GEM
Choose the admission path that suits you the best to apply for this program.
Register to an event
Contact details
* Required fields




