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International University of Monaco

MSc in Finance

Hedge Funds &
Private Equity specialization

HomeProgramsMaster of Science ProgramsHedge Funds & Private Equity

Acquire the specific skills in Hedge Funds and Private Equity to succeed in the Finance Industry

At a Glance:

at a glance IUM
  • Practical orientation with a focus on fundamental analysis and value creation
  • Lectures with leading fund managers
  • Strong emphasis on real life applications in order for students to sharpen their business sense
  • Intense, collaborative environment that fosters very operational individuals

Master the full spectrum of traditional, alternative and innovative investment strategies in Hedge Funds and Private Equity

This Finance degree gives you a solid foundation in financial analysis with a strong emphasis on real life applications in order to sharpen your business sense.

The Master's degree in hedge funds & private equity thanks to small class sizes is able to ensure a high quality learning process.

This Finance program integrates IUM's network of asset managers and alternative fund managers in the courses conception in order to insure that the curriculum includes the latest developments and expectations of the alternative finance industry. You can tailor your learning in order to suit to your ultimate career objectives.

A word from a professional

Dino Sola Dr. Dino Sola, Prof. of Finance

If you enjoy the challenge of predicting financial markets, devising investment strategies, looking for inefficiencies, discovering undervalued securities, testing models and theories, then the Specialization in Hedge Funds and Private Equity of the MSc in Finance program is for you. In this Master of Science program you will have plenty of opportunities to do all of that, and to learn how to think like a fund manager.

You will also be asked to create your own (virtual) hedge fund, complete with its legal structure, service providers, due diligence documents, marketing material, and to present your fund to potential investors.

Curriculum

This MSc in Finance has been created in order to fulfill the specific needs of the alternative finance industry.


Building a career in finance is an exciting journey that is pursued by some of the best educated individuals. It requires passion, commitment, strong technical and analytical skills but also the ability to work efficiently in teams and to develop innovative solutions.

Through IUM’s Master of Science in Finance program you can develop those qualities and tailor your experience to match your specific career objectives. Our MSc in Finance program exposes you to the reality of financial markets and the best practices of financial institutions.

The Finance program allows you to acquire the necessary technical fundamentals, to work on concrete cases, to use financial softwares (Reuters, Bloomberg) and to interact with industry specialists. Furthermore, you can deepen your knowledge of specific strategies and financial instruments through a wide range of elective courses (Financial Programming in VBA, Mergers & Acquisitions, Venture Capital & Entrepreneurial Finance, etc.).

Our ultimate objective is to provide you with an education, rooted in technical and interpersonal skills, and integrity to meet the industry’s high expectations and develop a successful career in Finance.

Master of Science in Finance, Hedge Funds & Private Equity

Some of the Core Courses offered in the MSc in Finance Program

Please note that this list is not exhaustive and subject to change

  • Stock and Bond Valuation

    This MSc in Finance course focuses on the most basic financial products: stocks and bonds.

    You acquire a working knowledge of stock and bonds: the characteristics of the instruments and their markets, the factors affecting the way in which they trade and their uses by different players in the global financial markets. An important part of the course is the mathematics of stocks and bonds, and the implementation of practical tools to compute returns and yields, assess risk, and determine fundamental values.

    Main topics for stocks are: equity valuation models (dividend discount and free cash flow models, P/E ratio valuation), risk and risk measurement, macroeconomic and industry analysis.

    For bonds: bond prices and yields, the term structure of interest rates, interest rate risk and bond duration and convexity.

  • Risk Management

    This finance course focuses on the measurement and management of different types of financial risk such as market risk, credit risk, liquidity risk, and operational risk, and develops a framework for integrated risk management.

    This graduate course emphasizes the Value-at-Risk (VaR) technique and its applications. You learn and implement quantitative techniques for risk management via Excel spreadsheets and derivatives software.

  • Derivative Products and Strategies

    This Master of Science in Finance course focuses on "plain vanilla" financial derivatives such as options, futures, and swaps, the markets in which they trade and some of the strategies that can be constructed using these derivative instruments.

    Forwards and futures on commodities, stock index futures, stock options, interest rate swaps and credit default are studied in some detail. You will learn the characteristics and specifications of these derivative products, will study their uses for hedging, arbitrage and speculation, various long-short strategies, and will develop an intuition about the factors that affect the way in which they trade.

  • Hedge Fund Strategies

    This master course explores trading techniques traditionally used by hedge funds. These include long-short equity investing, long-short equity investing, volatility trading, correlation and dispersion trading, and various arbitrage techniques (capital structure arbitrage, convertible arbitrage, merger arbitrage). The lectures will be interactive as much as possible, with great emphasis on practical trading projects.

    Besides practicing hedge fund trading strategies, this finance course will increase your awareness and understanding of the main asset classes.

  • Mergers and Acquisitions

    This MSc in Finance course covers the different phases of an acquisition process: screening of targets, valuation, bid tactics (and defense tactics), financing, negotiation, communications, and integration.

    A particular emphasis is given to the valuation process and the quantitative tools used by practitioners (such as the cash flow models) in order to value a company.

  • Venture Capital & Entrepreneurial Finance

    This graduate course is designed to familiarize you with the issues and practices surrounding venture capital.

    It covers everything from the seed funding of a start-up venture to the successful sale of a mature business. The main focus of this finance course is on raising venture capital. This involves learning about the dimensions of risks and expected returns, in a context, which is characterized by incomplete information and lack of liquidity while gaining practical insights into the interaction and relationship between the investor and management. What are their respective interests and strategies? How do they come to a deal? What is the process? How do they create value?

    This master course integrates various managerial disciplines and covers the venture capital environment, financial modeling, business plan analysis, investment criteria, delivering pitches and teasers, understanding and negotiating terms and conditions, preparing for due diligence and closing.

London Track

The London track allows students to be exposed to the largest financial center of the world and to fine tune their career objectives. They benefit from dedicated elective courses taught by finance professionals with extensive track records in the industry. Specific career development seminars with recruiters and major industry players are also included to provide the perfect London networking experience.

This 3-week track takes place on our London Campus near Green Park and includes the following courses:

  • Corporate Restructuring:
  • Institutional Financial Sales
  • Applied International Taxation
London Track IUM

Professional Immersion (Internship, Thesis or Applied Project)

At the end of the academic year, the applied research project or the internship gives you the opportunity to apply the theory gained in the MSc in Finance program and to further develop your interests and competencies in a chosen field of specialization.

In your internship search, you are supported by all IUM faculty members and by the IUM Career Office, providing you with information and guidance on the finance job market place, helping you throughout the year to carefully prepare your applications for these competitive markets.

Certification

The International University of Monaco has been chosen by the AMAF (Monaco's Finance Association) to develop Monaco's certification for finance professionals.

This certification insures that finance professionals have the technical and deontological standards required by the Principality's finance industry. While studying for your Master of Science in Finance Program, you also have the opportunity to get trained on all aspects of the certification, giving you an additional asset for Monaco's job market.

MSc hedge funds private equity

Career Development

Career Services

As part of your MSc in Finance program, you will follow a Career Development Seminar, divided in 3 sequences, to support you in your internship and job search strategies.

  • In Fall
    “Discovering” job markets, companies and career paths
  • In Winter
    “Targeting the institutions”
  • In Spring
    “Making Connections”
Master of Science in Finance, Hedge Funds & Private Equity

Career Opportunities

Equipped with a thorough knowledge of investment strategies but also with an open and critical mindset, IUM MSc in Finance alumni found challenging positions in a large variety of financial institutions worldwide, in traditional asset management companies as in alternative investment companies, and in well established areas as in emerging markets.

The broad range of skills they acquired during this intensive and practical degree program in Finance enabled them to apply for positions as:
- Junior portfolio manager,
- Financial analyst,
- Junior investment manager,
- Performance analyst,
- Asset allocation analyst,
- Hedge fund / funds selection analyst,
- Research analyst in specific funds or in private equity companies...

Some of the companies where Alumni have interned or are still working are:
- HSBC Monaco,
- PriceWaterhousecoopers,
- Bloomberg London,
- Archon Group (Goldman Sachs Group),
- UBS investment banking,
- KnightVinke Monaco/New York,
- Monaco Asset Management,
- SEAF Macedonia,
- Cathagena Capital Germany,
- Odewald & Cie Germany,
- JP Morgan Chase New York,
- EFG Eurofinanciere d'investissements Monaco/Geneva,
- Amherst Funds US...

Alumni Testimonials

Kari Olsen Kari Olsen, MSc in Finance (Hedge Funds and Private Equity 2013)
Analyst at Tavira Monaco

The MSc in Finance program truly offers a unique international learning experience in one of the most desirable locations in the world. The ability to tailor your program to your interests, the small class sizes and lectures from individuals coming from leading positions in major financial institutions, all set the scene for an unparalleled learning experience.

In addition, IUM offers you the opportunity to personally interact with some of Monaco’s most renowned individuals within the finance industry through various events.

IUM also has a very proactive Career Services Department which helped me find my current position as a junior sales trader here in Monaco. Through the knowledge gained at IUM, I am able to trade and add value every day for clients running major Hedge Funds around the world. Before attending IUM, I lived and studied in London and I often had people telling me that London equals finance. Today, I would argue that IUM and Monaco provide you with the ideal tools needed to build a career anywhere.

Ashkan Senobari Ashkan Senobari, MSc in Finance (Hedge Funds and Private Equity 2011)
Analyst at J.P. Morgan

What I found unique about the MSc in Finance, Hedge Funds & Private Equity program at IUM was the excellent combination of quantitative and qualitative studies. Moreover, the small size of the class enabled us to interact with each other and professors on a completely different level. Each lecture brought new perspectives leading to a tremendously steep learning curve.

Most importantly, what I believe sets this very demanding program apart from its peers is the practical focus; literally every module involved practical work such as advanced valuation modeling on Excel. The Master of Science in Finance program at IUM is in my view the best possible preparation for a challenging and tough career in the financial services industry.

Jacek Maslak Jacek Maslak, MSc in Finance (Hedge Funds & Private Equity 2008)
Analyst at Knight Vinke

In addition to the tremendous theoretical knowledge base gained, our professors always made sure that we learned how to independently apply this knowledge during complex projects performed under time constraints. Such exercises were a tremendously important preparation for what I was faced with during my first job experience in the financial sector.

What I found unique about the Master of Science in Finance program at IUM is the result of finding yourself in a new and exciting place with a small group of like-minded but very unique and diverse individuals who are trying to get through the year together. Combined with a very demanding program this situation created an immense bond of friendship within the group, which I found to be one of the most valuable and motivating aspects of my studies at IUM.

Currently I'm working as a financial analyst at Knight Vinke, an activist asset manager investing in underperforming public large cap companies.