Master 2 Finance – Financial Markets (203, MSc) at Université Paris Dauphine – PSL

Programme overview

An international MSc training specialists in financial markets for banks, investment firms, asset managers, consultancies, insurers and large companies, with in-depth theoretical, quantitative and operational knowledge of all products traded on those markets, focused on valuation, trading, investment, hedging, arbitrage and risk-management strategies. The degree is prepared at Dauphine-PSL and awarded by Université PSL.

Faculty: Master Finance | Duration: 1 year (60 ECTS, 32-week internship) | Study mode: full-time; English | Location: Paris, Île-de-France, France

What you will study

Semester 3 core advanced courses include derivative pricing and stochastic calculus II, risk management, financial markets and the economy, financial econometrics II, applied time series and intermediate Python; semester 4 includes credit risk, fixed income II, commodities, energy derivatives and machine learning in finance, plus electives and a final internship.

Official programme page

Application information

Entry requirements

Students who validated the Dauphine Master 1 Finance in the first session with at least 8/20 in each unit and the listed English-language finance units (fixed income, investments, derivatives, banking, corporate finance, VBA, econometrics, quantitative finance, Python), or students with a first-year master in economics, management or mathematics; all candidates need six months of professional experience in financial markets or quantitative asset management. File: handwritten English cover letter, CV, baccalauréat and university transcripts, TOEFL iBT under two years old (TOEIC not valid), recommendation letters; GMAT or GRE strongly recommended. Applications 15 January to 23 February 2026. Capacity 30.

International applicants: EUR 6,831 a year (2026/2027). Flat rate where tax residence is outside the EU, no reductions possible (excludes CVEC). Source

Duration: 1 year (60 ECTS, 32-week internship)

Apply through the official page: https://dauphine.psl.eu/formations/masters/finance/m2-financial-markets/admissions

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