Master of Science (MSc)
Master's Degree grade
Accredited by the French Conférence des Grandes Écoles (CGE)
Financial markets create opportunities, but they also expose institutions and companies to risks that must be measured, understood and managed. Market swings, credit defaults, liquidity crises, operational failures: banks, insurers, asset managers and corporate treasuries need professionals who can quantify these risks and explain what they mean for the organisation.
The Financial Markets & Risk Management track of ICN’s MSc Finance provides a structured introduction to the quantitative methods and professional practices used in financial risk management. Building on derivatives, asset pricing, computational finance and risk fundamentals, you examine market, credit, liquidity and treasury risks in greater depth. You learn to interpret risk measures, question model assumptions and understand how changes in market conditions can affect portfolios and balance sheets. The track also addresses operational risk and financial resilience, because effective risk management depends on governance, processes and sound decisions as much as on mathematical tools. It is designed with reference to the GARP Financial Risk Manager (FRM) knowledge areas.
The MSc Finance is one programme with five specialised tracks, taught in English in Paris and Berlin. You start with a shared foundation in financial instruments, valuation and financial data analysis, then specialise. The common finance curriculum takes the CFA Program curriculum as an international reference point, while each track draws on frameworks relevant to its professional field. ICN’s Management by Innovation approach, built on ATMx, adds a wider perspective on technology, entrepreneurship, organisational change and responsible decision-making. The MSc lasts two years, or one year with direct entry into Year 2.
You graduate with two degrees: the Master of Science, accredited by the Conférence des Grandes Écoles (CGE), the association of France’s leading higher education institutions, and a degree conferring the Master’s Degree grade, approved by the French Ministry of Higher Education (diplôme visé) and registered with the RNCP at level 7 (no. 42682), the level of a Master’s degree in the European Qualifications Framework. ICN Business School holds the AACSB, EQUIS and AMBA accreditations: this “triple crown” is held by around 1% of business schools worldwide. ICN also holds the Bienvenue en France label, awarded by Campus France for the quality of its welcome for international students.
Campus
The Paris La Défense campus is located in the heart of Europe’s largest business district, ranked fourth worldwide. Offering direct access to 2,800 major French (CAC 40) and international companies and economic organisations based in La Défense, our campus provides students with an unrivalled location for internships and job searches.
If you would like to learn more about Paris, please visit our dedicated Paris campus page.
The Berlin campus is set in a natural environment at the heart of one of Europe’s largest capitals. Located along the River Spree and surrounded by numerous parks, this recently opened campus (inaugurated in 2025) offers a peaceful setting.
Situated in the Moabit district, our Berlin campus allows students to be close to some of the world’s leading start-ups and to enjoy an exceptional cultural life in the German capital.
If you would like to learn more about the city and the campus, please visit our dedicated Berlin campus page.
Paris
Campus
The Paris La Défense campus is located in the heart of Europe’s largest business district, ranked fourth worldwide. Offering direct access to 2,800 major French (CAC 40) and international companies and economic organisations based in La Défense, our campus provides students with an unrivalled location for internships and job searches.
If you would like to learn more about Paris, please visit our dedicated Paris campus page.
Berlin
Campus
The Berlin campus is set in a natural environment at the heart of one of Europe’s largest capitals. Located along the River Spree and surrounded by numerous parks, this recently opened campus (inaugurated in 2025) offers a peaceful setting.
Situated in the Moabit district, our Berlin campus allows students to be close to some of the world’s leading start-ups and to enjoy an exceptional cultural life in the German capital.
If you would like to learn more about the city and the campus, please visit our dedicated Berlin campus page.
In September 2027 or February 2028, in Paris or Berlin. With four years of higher education (240 ECTS), you can join Year 2 directly.
The track is offered on both campuses, with the same programme. In Berlin, classes take place three days a week.
No. All classes are taught in English.
Yes. You need a Bachelor’s degree or equivalent (180 ECTS) for Year 1, or four years of higher education (240 ECTS) for direct entry into Year 2.
The degree confers the Master’s Degree grade and is registered with the RNCP at level 7, the level of a Master’s degree in the European Qualifications Framework. ICN holds the AACSB, EQUIS and AMBA accreditations, recognised worldwide.
The track is designed with reference to the knowledge areas of the GARP Financial Risk Manager (FRM). It does not imply the automatic award of the certification.
The deposit is non-refundable, except if your visa is refused or if you do not obtain your current degree.
Advanced Excel, Power BI and Python, each with a TOSA certification, and Bloomberg Market Concepts within the financial markets module.
Yes. In semester 2 (Year 1) or semester 3 (Year 2), you can replace classes on campus with a semester at one of ICN’s partner universities.
Yes, with four years of higher education (240 ECTS). The MSc then lasts one year.
Yes. After the deposit, the remaining tuition fees can be paid in one or three instalments within 3 months of the start of the academic year.
