Master in Finance (MIF)

  • Language


  • Duration

    1 or 2 years depending on your degree

  • Next intake

    August 26, 2024

  • Ranking

    #4 Best Master in Finance FT ranking 2024

  • Locations

    France (Cergy), Singapore

Career-oriented and internationally focused, the ESSEC Master in Finance is an intensive program designed to offer high quality training to high potential students who wish to pursue a career in corporate finance, financial markets, fintech, asset and portfolio management as well as risk management. 

The program has a strong international dimension and teaches students to adapt to a multicultural environment, addressing multinational issues and providing exposure to both Europe and Asia. It offers a global approach to finance with a strong emphasis on the underlying skills necessary to operate in today’s financial professions.

Program Presentation by Academic Co-Director Romain BOULLAND
Hold degrees in Economics, Business and Finance
Hold degrees in Engineering and Sciences
Average age

The ESSEC Master in Finance program is authorized by the French Ministry of Higher Education, Research and Innovation to award a recognised BAC+5 degree, Master’s Grade, to its students. Authorisation is delivered following assessment by the National Management Programmes Assessment Commission (Commission d’Evaluation des Formations de Gestion - for a renewable period. This Commission undertakes assessment for all programs, with or without the Master’s Grade, delivered by business schools that are recognised by the French State to guarantee the quality of teaching delivered and the value of their degree.

This is valid whether you do your program at France campus or at Singapore campus.


CFA Institute - Qualify as an international Chartered Financial Analyst

If you are looking to make a career as a consultant in mergers and acquisitions, project financing, as an equity analyst, fixed income analyst, portfolio manager, equity salesperson, etc., you can prepare while studying at ESSEC by passing the CFA Institute exam to become a “Chartered Financial Analyst” which is the internationally recognized qualification. 

Furthermore, every year, Master in Finance students represent ESSEC to the CFA Institute Research Challenge. In Feb 2019, ESSEC won the French final and qualified for the EMEA final.



ESSEC Business School has been recognized by Campus France and the Ministry of Higher Education and Research for the quality of its international students’ welcome.


The school received the highest level that can be obtained from the "Bienvenue en France" certification, which is the third level.


This certification recognizes the quality of ESSEC's reception in all the criteria provided:

  • The quality and accessibility of information
  • The welcoming of new international students
  • The academic offer
  • Accommodations
  • Campus life
  • The quality of post-graduate follow-up




The academic excellence of ESSEC’s programs is recognized through its international standards in management training, and it holds the prestigious “Triple Crown'' of accreditations: EQUIS, AACSB, and AMBA.


Academic experience

The duration of the Master in Finance is 2 years (Master 1+Master 2) or 1 year (Master 2 only), depending on your latest degree.


Professional experience

Each year (M1 & M2), students will complete an internship with a duration of 4 to 6 months; it can take place anywhere in the world and is designed to facilitate students’ professional integration. The academic dissertation is an alternative option to the internship (during M2). It represents independent and individual research on cutting-edge topics related to any field of finance.


International experience

Students get a chance to participate in 2 Study Trips to London and Hong Kong or New York.

The MIF program has a strong analytical focus and aims to provide you with a comprehensive view of finance enabling you to develop and become a fully-operational professional.

According to your professional project, you may choose to apply in the program either on the ESSEC France campus (Cergy, Paris area), or the ESSEC Asia-Pacific campus (Singapore).

Depending on your latest degree, you will start the program in M1 and the total duration of the program is 2 years (M1+M2).

To build up your strength and help you build your foundations, you will begin the program with a term (T0) of preparatory courses in Finance, Mathematics and Statistics.


Examples of courses include:

  • Financial Theory

  • Statistics

  • Foundations of Calculus & Probability


During the following term (T1), you will follow 6 courses from a general track (1 compulsory & 5 electives). Through this first year, you will be able to discover your professional interest, to help you decide on which track to choose in Year 2 (M2).


Example of courses include:

  • Programming in Python

  • Management Control

  • Strategic Cost Management

  • Sustainability Performance

  • Macroeconomic Theory and Development

See the full list of courses.


You will do a 6-month internship at the end of M1.


Depending on your latest degree, you will start the program in M2 and the total duration of the program is 1 year (M2), or you will continue with the second year of the program (M2) if you started in M1.


This year (M2) is divided into three terms, where you will cover: courses, 2 study trips to the major financial centers (London and New York or Hong Kong), specialized tracks, certificates in FinTech & Analytics, Energy & Commodities, andor/ AMF certification (optional), and an internship or academic dissertation. 


Terms 0 & 1. Build your Foundations

In France (Paris area) or in Singapore, during these first terms you will take core courses and electives.


Examples of courses include:

  • Corporate Financial Management

  • Financial Markets

  • Options

  • Programming in Python

  • Big Data Analytics

  • International Finance


Terms 2 & 3. Choose your Track 

To tailor the program to your career goals, you will follow core and elective courses on the specialization of your choice: Corporate Finance Track, Financial Markets Track, Fintech & Analytics Track.

Examples or courses include:


Examples or courses include


France or Singapore Corporate Finance

France or Singapore Financial Markets

Fintech & Analytics

Core courses

  • Mergers and Acquisitions
  • Firm Valuation
  • Private Equity
  • Digital Financial Platforms & Intermediation
  • Financial Econometrics
  • Big Data Analytics
  • Fixed Income
  • Advanced Derivative Markets
  • Volatility Trading


Elective courses

  • Wealth Management
  • Portfolio Theory & Investment Analysis
  • Coaching CFA
  • Financial Econometrics
  • Energy & Commodity Markets & Products
  • Digital Financial Platforms and Intermediatio
  • Commodity Markets & Energy Products
  • Financial Risk Management
  • Advanced Derivative Markets


See the full list of courses.

During term 2 you will also have the possibility to do inter-campus mobility.


During M2, ESSEC Master in Finance offers a unique opportunity for students to travel to two of the major financial hubs (London and Hong Kong or New York). The study trips allow privileged access to the most prestigious investment banks and consulting firms such as: Barclays Capital, Bank of America-Merrill Lynch, BNP-Paribas, Crédit Suisse, Goldman Sachs, J.P. Morgan, etc. Students not only meet and exchange views with professionals but also get to interact with ESSEC alumni.


During the M2 you will have opportunities to get a certificate in Energy and Commodities.


The Energy and Commodity Finance Research Center at ESSEC Business School aims at promoting research and disseminating knowledge in the field of commodity markets and energy finance. This goal is pursued by undertaking research projects and hosting activities for incentivizing interaction across disciplines including finance, economics, financial mathematics, operations research, and management science. Focus is put on bridging international collaborations among researchers at a worldwide level. The center organizes scientific conferences, runs a monthly webinar, supervises a dedicated graduate track, and manages Argo Review, a journal devoted to cutting-edge knowledge in the field.


The Master in Finance is built on the premise of learning by doing. Each year, students (M1 & M2) complete an internship with a duration of 4 to 6 months; it can take place anywhere in the world and is designed to let you integrate into the professional world.


Students are also enrolled in summer and graduate programs during the Master in Finance program. ESSEC is in partnership with AlumnEye, a network designed to help students to prepare for interviews in Investment Banking, Market Finance and Strategy Consulting. It trains students for the selection process of the most prestigious financial institutions. This interactive and personalized training, taking place at the beginning of the academic year. It allows students to stand out from the thousands of applications, and facilitates significant access to summer internships and graduate programs.

  • CITI
  • EY
  • HSBC
  • KPMG
  • ODDO & CIE
  • UBS

Academic Co-Director,
Ph.D. in Finance,
University of Paris Dauphine (France)



Peng XU

Associate Academic Director, 
Ph.D. in Finance and Economics,
University of Toronto (Canada)



Executive Director,
Ph.D. in Economics,
University of Paris Dauphine (France)

ESSEC Business School has formed a partnership with the Fung Institute of Engineering Leadership at UC Berkeley College of Engineering and offers students a dual degree with the internationally-renowned Californian university. This course leads to both the ESSEC Master in Finance degree and a Master of Engineering from UC Berkeley. 

This partnership will permit students with a scientific background to complete the 1-year Master of Engineering program from UC Berkeley (August to June) after the completion of the Master in Finance.

An information session is organized with UC Berkeley every year in fall to present the partnership. The application process takes place in January, and once you are admitted to UC Berkeley, you may qualify for a 15% reduction in tuition fees. A scholarship is awarded as part of the program, with students still remaining eligible for other scholarships offered by the Master of Engineering program.

This dual degree offers increased career opportunities, in particular in the United States and in Silicon Valley. After receiving the degree, a residence permit for a two-year stay in the United States may be granted.


File:University of California, Berkeley logo.svg - Wikipedia

Over the years, successive classes of students at ESSEC Business School have founded and managed more than 100 clubs and organizations, with a wide variety of themes: sports, cultural, humanitarian, international or civic, there is something for everyone!

These organizations, often founded and managed by the students themselves, aim to foster student life, promote the school's values, develop students' professional skills, and contribute to the social and cultural life of the campus.


ESSEC Paris-Cergy Campus

ESSEC's historic campus is located in the city of Cergy, about 30 km northwest of Paris. The campus covers more than seven hectares and offers modern and spacious facilities. It includes several buildings, a library, a gymnasium inaugurated in 2023, as well as areas for relaxing between classes. 

Find out more about ESSEC's Paris-Cergy Campus

ESSEC Asia-Pacific Campus, Singapore

ESSEC's Asia-Pacific Campus, which was inaugurated in 2015, is located in Singapore, Asia, a dynamic city-state known for its thriving business environment and multicultural population. The campus is located in the heart of the city, close to major business centers and commercial areas.

Find out more about ESSEC's Asia-Pacific Campus

Chloe MIF Chloe MIF

Discover all the things you can learn at ESSEC Asia-Pacific!



zisu MIFzisu MIF

"The program has strong emphasis on career services and industry events. We have a lot of opportunities to meet hiring managers and professionals in the field".

Zisu WANG (MIF’22)


Career guidance and advice

Throughout your time at ESSEC Business School, the Career Services will accompany you in defining your career plan and facilitating your entry into the professional world.

Through the support of the Career Services team, you will be able to:

  • Learn more about yourself and enhance your experiences.
  • Explore career opportunities, reflect and develop your personal and professional project.
  • Define your internship/job search strategy and prepare yourself for numerous recruitment events through coaching with specialists
  • Prepare your CV, LinkedIn profile and cover letter in an impactful manner, and develop your network efficiently.
  • Prepare for different types of job interviews through role-playing exercises (pitching) and learn to position yourself well during salary negotiations.
Each year, there are:
  • 17 000 exclusive job postings : internships, apprenticeships and jobs.
  • 430+ meetings with recruiters based in France and all around the world : job fairs, company presentations and case studies.
  • 4 000+ individual appointments with career consultants.
  • Access to 5 learning platforms and 40+ articles, training and self-teaching modules
  • 164 career related workshops.




When you join ESSEC Business School, you join a community and will discover the power of the ESSEC network.


ESSEC Alumni already has 71,000 graduates with diverse profiles dispersed in all corners of the world. With unique personalities, they share a common goal: to achieve their career objectives. As you enter ESSEC, you become a member of ESSEC Alumni and you remain one forever. This is the lifetime membership, that ESSEC has been the first French Business School with a global reach to put in place.


ESSEC Alumni is by your side at every stage of your career:


When you are a student, to guide you in finding professional opportunities through the network, exchanging with graduates, benefiting from various services to launch your start-up, and staying up to date with the latest news from the ESSEC community.

When you are a graduate, to support you throughout your professional life, help you develop your network and exchange with your peers, guide you in benefiting from services for your start-up, and allow you to rediscover the atmosphere of your ESSEC years.



Since its creation, ESSEC has always cultivated a spirit of entrepreneurship and innovation, which lies at the very core of its educational approach, research, and managerial practices.


  • ESSEC Ventures is a structure that supports ESSEC students with business projects. It consists of an incubator, a talent incubator, and a seed fund. It also organizes numerous events bringing together entrepreneurs and investors.


  • ESSEC Antropia is a structure that supports ESSEC students with social enterprise projects so that social, environmental, and economic considerations can come together to create a better world.



During this recruitment fair you will establish exceptional contacts with financial institutions such as: Ardian, AXA, BNP Paribas, Bpifrance, Candriam, Centerview Partners, Crédit Agricole CIB, Hines, Moody’s, ODDO BHF, Qonto, Rothschild & co, Société Générale, UBS, etc.


During this recruitment fair you will establish exceptional contacts with consulting firms such as: Accenture, Accuracy, Bain & Company, BearingPoint, BCG, Capgemini Invent, KPMG, Mazars, McKinsey & Company, Roland Berger, Wavestone, etc.


This recruitment fair brings together around hundred companies. You will establish contacts with companies from all sectors of activity, such as: Air Liquide, Amazon, Bouygues, Carrefour, Ekimetrics, Groupe Casino, Henkel, L’Oréal, LVMH, Metro, Orange, Saint-Gobain, Le Groupe TF1, Unibail-Rodamco-Westfield, Unilever, Vinci, etc.

photo raphael MIFphoto raphael MIF

“At ESSEC I learned how important the networking is, and I secured my internship thanks to the ESSEC network”




You will need to provide:
- 1 Management test score - mandatory
- 1 English test score - mandatory. The English test is not required if the applicant has spent at least 3 years in a higher education program completely taught in English.





Management Test

GMAT, GMAT Online, or GMAT Focus Edition

5 years

Select "ESSEC Business School-Master in Finance"

GRE or GRE Test at Home (Verbal Reasoning, Quantitative Reasoning and Analytical Writing)

5 years

Institution Code: 0839


2 years


English Test

TOEFL iBT, TOEFL iBT Special at Home Edition

  The English tests must not be older than 2 years at the application deadline (application round you choose to apply in)

Minimum score 95 Institution Code: 0520

IELTS Academic

Minimum score 6.5

Cambridge B2 First Minimum

Minimum score 175

TOEIC Listening and Reading

Minimum score 850


It can take several months to prepare and register for an exam slot for these tests. Keep this in mind before starting your application as without these test scores uploaded in your application file, it will be incomplete.

Click here to take the GMAT Quiz and get an estimate of your scorePlease note that you cannot apply with a GMAT Quiz score. 



Create your candidate account. You can fill in the online application at your own pace and come back to it at any point.

You can only apply once per program each academic year. Once validated, your campus choice is final.


A complete application file includes the following items. Incomplete application will not be processed. 

All documents must be provided in English or French (except the CV). Official translations must be provided for documents in other languages by a certified translator.



Curriculum Vitae

1 page maximum - in English 

Motivation Letter

1 page maximum - in English

Degree(s) obtained

Authenticated copies of accredited degrees since high school (school leaving). 
While applying, if you do not have your final diploma that makes you eligible for the program, you can apply with an Enrolment Certificate, with an expected graduation date.  

Important: By mid-December of your starting year at ESSEC, you will have to provide a copy of your diploma (or a certificate of completion).  

Transcripts/Grade Sheets

Official or authenticated transcript copies of all academic terms attended since high school, including exchange programs (simple copies will not be accepted).

Grading Scale details must be provided.

2 x References

One academic and one professional reference is highly recommended.

It is the applicant's responsibility to enter details of both the referees as soon as possible to allow them to send the online recommendation on time. Once you enter their details and save, a link is sent to them immediately to fill out the recommendation online.

1 Management Test

Copy of official score (test taker version)

1 English Test

1 Identity Card


or National Identity Card (only for EU citizens)

1 Photograph

A recent ID photo

Application Fee

€100 non-refundable and payable online only
Click to see if you are exempted



Once you have completed your online application and have attached all the supporting documents, the final step is to submit your online application. Once you have submitted your application online, you cannot make changes to your application. 

Please keep in mind that there are several rounds of admissions. The deadlines to submit your application are listed in the table above.


Your application will be assessed by the Academic Directors and an admissions committee. You will be notified about the results by email (refer to the above mentioned calendar). 


If you have been successful, you will then be contacted by the Admissions Office to inform you how to confirm your place in the program.


If you applied for one-year program, please note that if the commission board finds that your experience or background is strong but not complete enough in some required aspects, you may be asked to join the two-year program instead in order to build up your strength and ensure your success.


Following your admission, make sure to secure your seat in the program by paying the non-refundable deposit within 2 weeks.

This amount will be deducted from your tuition fee



References are very important. The admissions committee is used to looking at these and the ones that make the difference outline concrete examples of how the student lives up to the praise/recommendations given. You should therefore select references who know you best and have experience of working with you either academically or professionally. It is much better to have a reference from someone who knows you than from someone you have selected due to their position.


The GMAT is a very important part of your application. It is mandatory and we encourage you to get ready for the GMAT exam in advance. You should aim for as high a GMAT score as you can possibly achieve.


No, the program is taught in English and all of the staff members speak English. You have the chance to learn French during your program.
However, we strongly recommend you try and learn French when you are here. Acquiring the language does help you during your time at ESSEC and in France. If you want to remain in France for your internship or job in the future, learning French is fundamental.


Every application is thoroughly reviewed by the admissions board which is composed of both academic and professional staff, with consideration given to all elements including hard and soft skills.



Valid for 2024 intake for France and Singapore Campuses


EU citizens

NON-EU Citizens

Total Tuition 




The non-refundable deposit is payable within two weeks from the day of admission and is deducted from the total tuition fee




The remaining tuition fee is payable before August 31st of the academic year



Service Fee

The service fee is payable once in addition to the total tuition fee before joining ESSEC (irrespective of the duration of the program)




Valid for 2024 Intake for France and Singapore Campuses


Master 1 (M1)

Master 2 (M2)


EU Citizens

NON-EU Citizens

EU Citizens

NON-EU Citizens

Total Tuition






The non-refundable deposit is payable within two weeks from the day of admission and is deducted from the total tuition fee





Remaining Tuition Fee

The remaining tuition fee is payable before August 31st of each academic year





Service Fee

The service fee is payable once in addition to the total tuition fee before joining ESSEC (irrespective of the duration of the program)







Description: To sustain the academic excellence of the program and enhance the education and experience of our students, ESSEC Business School offers the Academic Excellence scholarship to outstanding candidates and the Diversity Scholarship to students with varied cultural perspectives and backgrounds.

Eligibility: Open to all applicants and awarded on the basis of the overall quality of their application i.e. academic excellence demonstrated in the file: outstanding Management test scores, strong motivation, etc.;
Diversity Scholarship - Demonstrate academic excellence and bring diversity in terms of citizenship, prior education or background.

Amount: Can cover up to 50% of total tuition fees.

Procedure: Scholarship decisions are made during the application procedure. There is no additional application to fill out or request to make. Selected students will be notified upon being offered a place on the program. 


Description: Since 2012, ESSEC has a special partnership with Ardian Foundation which grants 5 to 6 fellowships for exceptional international candidates.

Eligibility: Open to all international applicants of the Singapore Track and awarded on the basis of the overall quality of their application i.e. academic excellence demonstrated in the file.

Amount: Can cover up to 30% of total tuition fees.

Procedure: Scholarship decisions are made during the application procedure. There is no additional application to fill out or request to make. Selected students will be notified upon being offered a place on the programme. 


Description: A platform to channel the influence of Lebanese finance executives worldwide in order to establish stronger bonds, nurture the next generation and promote Lebanon. 

Eligibility: Candidate must be Lebanese or of Lebanese descent, achieve and maintain academic excellence, demonstrate interest in pursuing a career in Finance and must be in financial need.

Amount: Up to 12 000 USD per year for the duration of the academic program.

Procedure: ESSEC submits applications for LIFE scholarships on your behalf.


DESCRIPTION: The French Ministry of Foreign Affairs funds EIFFEL scholarship.

ELIGIBILITY: Reserved for non-French candidates, double nationality included, no older than 30 years old at the time the selection committee will meet (around mid-March).

AMOUNT: A monthly allowance of €1,181 and covered costs of one international return journey and social security cover.

PROCEDURE: ESSEC submits applications for EIFFEL scholarships on your behalf. Your application should be completed and submitted therefore in the first round of applications.



Eligibility: FSS is open to Singapore citizens only
Amount: The scholarships will co-fund up to 70% of the qualifying tuition fees and S$7,000 for the expenses incurred by the scholars during the course of studies, including economy airfare and relocation expenses.
Procedure: Please refer to FSS for details.


Description: The CIMB ASEAN Scholarship is a highly selective, full scholarship for exceptional students from ASEAN countries in which CIMB has a presence.

Eligibility: An ASEAN citizen, 27 years old and below in possession of an offer to pursue a degree or Master's programme from a top tier university in the world, ASEAN region or respective home country.

Amount: The CIMB ASEAN Scholarship is a full scholarship award covering all academic fees, including registration, examination and tuition fees, as well as living allowance. Other miscellaneous expenses related to airfare, visa/travel documents will also be subsidised.

Procedure: Please refer to CIMB ASEAN Scholarship for details.



Description: The Lee Kuan Yew (LKY) Scholarship is the premier postgraduate scholarship in Singapore. Set up in 1991, the scholarship marks Singapore's continuous effort to recognize outstanding individuals with the aptitude and inclination to contribute to Singapore and its society.

Eligibility: Candidates holding Singaporean citizenship will undergo a comprehensive evaluation on their leadership potential and accomplishments in their respective fields. Candidates should also demonstrate the potential to thrive in their professions, ultimately contributing to Singapore and its advancement.

Amount: Scholarship recipients will receive full tuition fees coverage and an annual allowance of S$50,000 for up to 2 years if they are pursuing a Master’s degree.

Procedure: Candidates can apply via the Public Service Commission Portal (Singpass login required). All applications will need to be supported by referee reports and submitted online by 10 March 2024.


If you are a CROUS scholarship holder enrolled in the Master in Finance program, you are entitled to a discount on your tuition for the current year depending on the level of your CROUS scholarship. Please note that €2,000 of enrolment and academic contributions fee/service fee is not include


Student Loans

As an ESSEC student, you can take out a preferential-rate bank loan, which covers full tuition and is repaid starting at the end of your first year of work.


ESSEC has developed a partnership with major French bank branches located in Cergy (LCL, BNP Paribas and Société Générale) to give you special terms and conditions. 


Loan applicants are required to have a guarantor living in France. According to the banks, the guarantor must earn enough to cover the monthly loan payments but also be a French citizen, a close family member and/or both. Additional fees and expenses will be the responsibility of the student.




International Students from 150 different nationalities admitted to the MSc in Marketing Management and Digital may now apply to Prodigy Finance loans. Contrary to the banks in France, Prodigy does not require a collateral or co-signer. These loans are granted on the student's future earning potential and don’t take into account credit history.  Students may apply online on the Prodigy website. There is no hidden fee or early repayment fee. Interest rates may vary depending on individual profiles. Funds are directly disbursed to the school in euro (€) so no exchange rates are borne by the student. Disbursement starts from September and loan application processing time may go up to a month and a half. The sooner you apply, the better. We advise you to check your eligibility on the Prodigy website  before applying.


Many US citizens or permanent residents opt to take out the US Federal Stafford and private Sallie Mae loans. These loans can cover up to the full cost of attendance and all applicants having a co-signer in the US are eligible for these loan programmes. ESSEC is listed as “ESSEC Business School", and has a code number of G30959.

More information on Sallie MAE 

More information on US Federal loans



ESSEC employs its students in a wide variety of functions which can help towards everyday living costs. These are part time short-term contracts for example assisting teachers, carrying out market research, helping out at conferences and events, contributing to social media, etc.


Stay tuned!

Exciting new events will be announced soon. Check back regularly so you don't miss out.