Curriculum MAS

Structure of the Courses

There were two semesters of course work. Each MAS Finance participant had to pass 14 exams as follows:

  • 10 mandatory courses
  • 2 specialized courses from one of the two distinct orientations
    • (A) Risk Management
    • (B) Asset Management
  • at least 2 optional courses. The optional courses had to be of two hours per week or a block course with at least 20 hours of teaching (from a list that may have changed from cycle to cycle).


Course Examination
In principle, each mandatory, specialized or optional course was followed by an examination. Each responsible faculty member decided to attribute the final grade for his/her course based only on project assessments, on class participation as well as on graded interim homework. The ECTS credit points were given to those participants whose final grade indicated that they passed the course.

Repeating Examination / Replacement of One Course
Every examination could be repeated once. If participants failed two examinations for the same course, then they failed the course. With the permission of the Director of the program, at most one failed course may be replaced by an optional course or a course from the other specialization. Therefore, it was recommended that participants took one optional course more than was actually required.

Master's Thesis

The program encouraged links with the professional community through the Master's thesis projects. Some of these projects could be initiated by firms who submitted research proposals and participants could also spend the summer working as interns in those firms while writing their Master's thesis. The Master's thesis counted 30 ECTS credit points. 

Final Examination

The final examination consisted of a colloquium, where participants presented their Master's thesis.

Final Grade

The final grade was a weighted average (based on the corresponding ECTS credit points) of the grades obtained from the courses and from the Master's thesis.