IUM has a long tradition of developing multicultural views on business dynamics. The Private Banking & Wealth Management specialization exposes students to a cross cultural vision of wealth management needs and solutions, preparing them for international careers. This Master's degree, based in one of the most active hubs for private banking & mp; wealth management services, offers unparalleled networking and career opportunities in Monaco.
International and local private banks are fully integrated in the courses conception to ensure that the curriculum meets the most current standards and expectations of the financial industry. This program in Finance integrates project-based and practical learning, including guest seminars, financial conferences, supervised visits and hands-on field projects.
The Wealth Management industry is facing a lot of pressure worldwide as a consequence of the global financial crisis. Not only clients' behavior has changed, but also the regulatory framework has become increasingly challenging. As a result a demand for young professionals, with both a strong technical background and a better understanding of clients' needs, is rising fast.
The International University of Monaco has been a first mover in offering a Master in Finance with a focus on this peculiar segment of the financial industry. The MSc in Finance (Private Banking and International Wealth Management) provides students with a deep insight into the latest trends of this business. In addition, several conferences and guest seminars are organized in order to help students build their own network and think about their future careers plans.
My course in Wealth Management particularly focuses on the most relevant aspects of the industry. I put a special emphasis on the financial products and strategies I use every day at work. As a professional, I try to give my student a concrete feel of what they are likely to face once employed. I strongly believe this brings an added value to their learning experience.
The specialization in Private Banking and Wealth Management has been created to address the evolution of the wealth management industry. Most private banks are moving away from a product placement approach to tailor made solutions to address their clients' needs. They seek well educated advisors with the ability to understand complex markets dynamics and to master the full spectrum of financial services and instruments.
The MSc in Finance is designed to prepare highly skilled professionals with a strong sense of business and work ethic who will make a positive contribution to the finance industry, making them desirable candidates for positions within private banks, asset management firms or family offices.
The program is divided into two periods. In the first period, students are required to take all mandatory financial courses. In the second period, however, they have the option of choosing electives according to their preferences.
The Master in Finance – Private Bank & Wealth Management electives include many essential topics required by the industry, preparing students for a career in these specific areas.
The wide variety of electives allows students to refine their own career strategy and create a unique portfolio of skills.
Anchored in the IUM teaching philosophy, most of the Wealth Management and Private Banking courses combine the rigorous theoretical approach of IUM professors with the concrete views of Finance professionals.
Courses like Wealth Management, Client Relationship Management or Selling Financial Products are mainly taught by finance top executives with proven track records in their fields.
Throughout the year, renowned finance experts from leading institutions as Barclays Wealth, Société Générale Private Banking, UBS come at IUM to share their view on financial markets trends, forecasts or on the new investment opportunities.
Private bankers and Asset managers regularly come to IUM and present specific strategies and products to students. They are also invited to evaluate the investment solutions developed by students within some specific courses.
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:
In their internship search, students from the Master of Science in Finance Program are supported by all IUM faculty members and by the IUM Career Office, providing them with information and guidance on the finance job market place, helping them throughout the year to carefully prepare their applications for these competitive markets.
I like IUM for its international student base and its practical approach. I enjoy sharing my professional experience with the students, getting their feedback and points of view.
I have been having an open dialogue with students helping them find professional opportunities based on their passions and skills. I particularly enjoy this open dialogue.
The students in the MSc in Finance will follow a Career Development Seminar, divided in 3 main sequences, supporting the Msc students in their internship or job search strategies.
wealth management boutiques and family offices, financial advisory companies, asset management / investment firms. The broad range of skills they acquired during this intensive and practical program enabled them to apply for positions as: Junior Private Banker, Real Estate investment manager, funds/porfolio manager, financial advisor, tax planning officer to name a few.
Some of the companies where Alumni have interned or are still working are:
- American Express Bank Paris,
- Bank Julius Baer Switzerland,
- Bank J.Safra Monaco,
- Banque Populaire du Luxembourg,
- Barclays Wealth Geneva,
- Ing Bank Amsterdam,
- Merrill Lynch Monaco,
- BNP Paribas Private Bank,
- SocGen Private Banking Monaco,
- Credit Foncier Monaco,
- PriceWaterhouse coopers Brussels...
When we enroll, we all know that we'll end up in a group of students with diverse educational and business backgrounds, but the richness of cultures, nationalities, and personal wealth in any given class is truly unique. In 2010, the five continents were represented in our class, students were coming from Colombia, Nigeria, China, the UK, Germany, Lithuania, Russia, Italy, Portugal, Canada, the USA to name a few countries. We exchanged on our experiences and future strategies, our respective political and cultural background, and received valuable insight on one another's field of expertise.
Some people consider the small size of a university a handicap, I consider it a gift. When we study a technical field like finance, we sometimes need personal assistance and that is not possible in a class of 150 students. This Master of Finance at IUM is very challenging; so having highly knowledgeable professionals at our disposal was a gift.