info - Université des Mascareignes

UNIVERSITÉ DES
MASCAREIGNES
(Mauritius )
UNIVERSITÉ DE
LIMOGES
(France )
Faculty of Business and Management
Faculté d’Economie et de Gestion
Department of Banking and Finance
Département Banque et Finance
MASTER : BANQUE ET FINANCE
specialisation
Financement des entreprises
1
1.0
DESCRIPTION DE LA FORMATION
Ce programme en 1 année à temps plein, a pour objectif d’assurer aux étudiants une
maîtrise des fondamentaux de la Finance aux étudiants titulaires d'une licence dans un
domaine compatible. La gestion financière de l'entreprise, les activités bancaires et
l'environnement international sont au cœur de la formation. L'accent est
particulièrement mis sur l'acquisition de méthodes et sur le développement d'une
véritable culture financière permettant d'appliquer les instruments d'analyse à la réalité
de la recherche et/ou de la pratique financière à Maurice. Il contient un mélange
optimal de compétences théoriques et pratiques qui rendent les titulaires du MASTER
1/ MSc immédiatement employables.
2.0
CONDITIONS D’ADMISSION
Les candidats doivent satisfaire aux conditions d’entrée décrites pour le DULT/
DULP/ BSC Banque et Services Financiers/ Comptabilité et Finance ou tout autre
Licence/ BSC en sciences économiques, assurance .
3.0
PERSPECTIVES DE CARRIERES




Officier des services bancaires
Conseillers de clientèle dans des entreprises d’investissements et globale.
Officier des missions transversales, type gestion et encadrement.
Officier d’audit interne.
 Recherche en Banque et Finance





• Chargé d’affaires entreprise ;
• Analyste financier ;
• Directeur d’agence ;
• Conseil banque de réseau, banque d’investissement ;
• Trésoriers.
Secteur(s) d'activité(s): Finances, Comptabilité - Finance - Bourse

4.0
EVALUATIONS
2
L’évaluation de l’étudiant se fait en général par une combinaison de contrôles continus
et de devoirs surveillés si possible, sauf pour certains modules qui ont leurs propres
spécificités.
Le nombre de crédits accordé à chaque module dépend à la fois du nombre total
d’heures passées par les étudiants à la faculté et chez eux.

Stage en entreprise
La première année se termine par un stage obligatoire de 6 semaines en entreprise du
secteur concerné par la formation. Un rapport doit être soumis et pour lequel il y aura une
soutenance. Local professionals from the finance sector can be called upon to assess the
student in a panel composed of both these professionals and academic staff of the
department where the presentation of the work can be conducted in either English or
French language. The report (rapport de stage) can be written in either French or English
language.
5.0
POURSUITE D’ETUDES
Des parcours de poursuites d’études sont possibles pour ceux qui veulent entrer en
Master 2 et aussi pour ceux qui veulent faire de la recherche dans les domaines
spécifiques de la banque et des services financiers.
6.0
VOLUME HORAIRE GLOBAL
semestre
Sem 1
Sem 2
TOTAL
L T
C TD
145
90
80
45
P Total Contact crédits
TP hours Hours
15
15
240
150*
240
150
40
50
235 125 30
390
390
90

Total hours include hours students spend in class, plus hours needed for
students to master the module in terms of reading, research and preparation
before and after the class.

Contact hours means hours in class, including lectures, tutorials, practicals,
classwork, group work and in class assessments.
3
YEAR I
SEMESTER 1
MODULE
UE 11 : Accounting and
Finance
Financial Reporting
Management Accounting
Total UE 11
UE
12 :
Environnement
Economique et Financier
Strategic Bank Management
Risk Management Techniques
Total UE 12
UE
13 :
Techniques
et
méthodes
Financial Mathematics and
Information Technology
Total UE 13
TOTAL SEM 1
Lecture
Tutorial
30
25
55
15
20
35
30
30
60
Language/IT Total
Lab
Hours
Contact
Hours
Credits
0
45
45
90
45
45
90
7
7
14
15
15
30
0
45
45
90
45
45
90
7
7
14
30
15
15
60
60
12
30
145
15
80
15
15
60
240
60
240
12
40
4
SEMESTER 2
MODULE
UE
21 :
Environnement
économique international
International Economics
Total UE 21
UE
22 :
Environnement
financier
Introduction
to
Financial
Modelling
Law Relating to Electronic
Finance and Internet Banking
Total UE 22
UE 23 : Stage (6 weeks)
Total UE 23
TOTAL SEM 2
Lecture
Tutorial
Language/IT Total
Lab
Hours
Contact
Hours
Credits
30
30
15
15
0
45
45
45
45
7
7
30
15
15
60
60
12
30
15
45
45
7
60
30
15
105
105
90
45
15
150
150
19
24
24
50
5
Module
Total hours
Semester 1
Financial Reporting
30 L
15 T
UE11
Objectives
To provide students with the basic mechanics of Financial Management.
Contents
Meaning , Objective and scope, Role of financial manager, Finance functions Investment, financing and dividend decisions, Financial goal- Profit Maximization
vs. Wealth Maximization, Agency problem .Source of Finance: Short term and long
term Source of Finance, Leasing as a Source of Finance, Cost of Capital: Concept
and its significance, Measurement of cost of capital of various source of funds,
Weighted average cost of capital, Capital structure decision: theories of Capital
Structure, Optimum Capital Structure ,Capital budgeting: Meaning and Process,
Methods of analyze capital budgeting decisions, Capital rationing, Capital decision
under risk and uncertainty Working Capital: Concept and significance, Determining
working capital requirements, Management of Inventory , debtors and cash,
Financing of working capital needs, Management of surplus: Retained earnings
and dividend policy, Theories of dividend, Forms of dividend and corporate
dividend behavior, Risk and return analysis: Risk Measurement, port folio theory,
Capital Asset Pricing Model.
Skills
Familiar with figures
Assessment
Internal course assessment – 30%
Final exams – 70%
6
Module
Management
Accounting
Total hours
Semester 1
25 L
20 T
UE11
Objectives
This module aims at providing students with an understanding of techniques used to
assist management in carrying its function of planning, controlling and making
decisions.
Prerequisites
None
Contents
Role of Management Accounting in an organisation.
Elements of costs.
Overheads.
Marginal and Absorption costing.
Break Even Analysis.
Relevant costing for Decision Making.
Budgeting.
Variance Analysis.
Assessment
70% written exams and 30% internal course assessment.
7
Module
Total hours
Semester 1
Strategic Bank Management
30 L
15 T
UE 12
Objectives



To enable students to examine bank strategy in a global economy
To enable students to deal with strategic side of international banking
To enable students to understand how banks acquire loan books and enter new
marketsl
Prerequisites
None
Contents
Financial Intermediation: Dynamics and Governance Mechanisms
Strategic Drivers of Structural Change in Global Banking
Strategy and Strategic Positioning
Acquisition and use of funds
Banks’ international M&A deals
Business models and systemic risk
Regulatory and Compliance Issues
Assessment
 30% internal course assessment : Assignment, Case Studies, ClassTest
 70% Exam
8
Module
Total hours
Semester 1
Risk Management Techniques
30 L
15 T
UE 12
Objectives
To enable students to:
 outline the most important strategies of risk management
 explain how stocks and bonds can contribute to the risk and return of a financial
portfolio
 discuss the key principles of diversification of financial investment
 Correctly measure the risk of financial portfolios
 explain the risk profile involved in financial derivatives, such as futures and options
 discuss the importance of Value at Risk and scenario analysis
 define and use the principles of credit risk analysis
Prerequisites
None
Contents
Introduction to Risk Management
Portfolio Analysis
Management of Bond Portfolios
Futures Markets
Options Markets
Risk Management with Options
Value at Risk
Credit Risk
Assessment
 30% internal course assessment : Assignment, Case Studies, ClassTest
 70% Exam
9
Module
Financial Mathematics
and Information
Technology
Total hours
30 L
15 T
15 CL
Semester 1
UE 13
Objectives



To enable students to master the basic financial mathematical formula
To enable students to interpret the basic financial mathematical formula
To enable students to perform the basic financial mathematical formula using Excel
Pre-requisites (optional)
Sound knowledge of the Advanced Business Statistics, Excel, Principles of Investment
Contents
Depreciation – Interest - Cash Flow – Investments – Annuities – Coupons – Securities Dollar Price Conversions - Treasury Bill
Skills
 Financial Basics Skills
 IT skills (Excel)
Assessment
 Continuous Assessment
 ClassTest
 Computer Lab Test
Specific requirements to run module
1. Excel 2013
2. Enough PCs for all students
3. Computer Projector
10
Module
Total hours
Semester 2
International Economics
30 L
15 T
UE 21
Objectives
To enable students to:



demonstrate how to apply economics principles to a wide range of issues in
international economics
demonstrate how to apply economic reasoning to global policy issues in a critical
manner
demonstrate knowledge of the current issues in economics, an appreciation of
how economists address international economic issues and be familiar with
current research issues in international economics
Prerequisites
None
Contents















Importance of trade in the world economy and overview of current policy issues;
The gains from trade;
What determines specialisation? Ricardian and Heckscher-Ohlin-Samuelson
models of comparative advantage;
Empirical tests of the Hecksher-Ohlin-Samuelson model;
Current policy issue: trade, labour markets and wages;
Current policy issue: Off-shoring and labour markets
'New' trade theory: trade with imperfect competition
Trade policy: reasons, extent and effects of trade policy protection;
Measurement and instruments of protection;
Trade liberalisation and the WTO;
New issues in trade policy analysis: (i) strategic trade policy;
New issues in trade policy analysis: (ii) trade and the environment;
Regional trading arrangements
Foreign Direct Investment
Environmental economics
11
Module
Contact hours
Semester 2
Introduction to Financial
Modelling
30 L
15 T
15 CL
UE 21
Objectives



To grasp basic financial math and models
To grasp spreadsheeting
To develop good basic financial models
Pre-requisites (optional)
Sound knowledge of the English language.
Contents
1. What is a financial model, steps in creating a model, how to build good models
2. Review of theory and concepts of finance : compounding and discounting, valuation
of cash flows, zero’s, forwards, and the term structure, fx spot and forwards,
3. Introduction to financial spreadsheets, Excel as a modeling tool
Skills
 Financial Markets
 IT skills (Excel)
Assessment
Project-based
Specific requirements to run module
1. Excel 2013
2. Enough PCs for all students
3. Computer Projector
12
Module
Contact hours
Semester 2
Law Relating to Electronic
Finance and Internet Banking
30 L
15 T
UE 22
Objectives
To enable students to:







define and distinguish the concepts of 'electronic finance', 'internet banking' and
'electronic banking'
identify and critically discuss the legal problems relating to the completion of
cross-border electronic funds transfers and securities transactions
critically discuss the impact of economic and financial globalisation on the
development and current state of traditional jurisdictional principles of
international law
critically discuss the impact of regulatory measures of consumer and investor
protection on the development and current state of electronic commerce in
financial services
analyse the key issues and challenges relating to the regulation of securities
activities via the internet
explain the criteria used to determine the applicable law to cross border banking
contracts for the provision of online services.
Identify the environmentally friendly aspects of e-banking.
Prerequisites
None
Contents
Introduction to Electronic Finance and Internet Banking
Basic Legal Concepts and Foundations of Electronic Banking and Financial Activities
Electronic Finance and the Globalisation of Financial Markets
Prudential Regulation and Supervision of Electronic Finance and Banking
Law of Electronic Banking
Regulation of Securities Activities over the Internet
Cross-Border Electronic Contracts
Assessment
 Assignment and Case Studies
 Class Test
 Exam
13
MASTER 2: Financement des entreprises
DESCRIPTION DE LA FORMATION
Ce programme de 2eme année à temps plein, a pour objectif de former des généralistes
capables d’occuper les postes de toute la chaîne de financement des banques Il contient un
mélange optimal de compétences théoriques et pratiques qui rendent les titulaires
immédiatement employables. To adopt a more student-centred approach, a flexible form
of teaching will be conducted in English and French where most appropriate to improve
understanding.
VOLUME HORAIRE GLOBAL
semestre
Sem 1
Sem 2
TOTAL
*
L T
P Total crédits
C TD TP hours
90 30
120
40
30*
90 30
120
70
Hors stage de 6 mois
14
YEAR 1 SEMESTER 1
MODULE
Lecture
UE 11 : Evaluation et gestion
d’actifs
Financial Derivatives
Total UE 11
UE 12 : Gestion des risques
financières
Assets and Liabilities Management
Total UE 12
TOTAL SEM 1
Tutorial
Language/IT Total
Lab
Hours
Credits
45
45
15
15
60
60
20
20
45
45
90
15
15
30
60
60
120
20
20
40
YEAR 1 SEMESTER 2
MODULE
Lecture
Tutorial
Language/IT Total
Lab
Hours
Credits
UE 21 : Stage
30
30
30
Total UE 21
TOTAL SEM 2
STAGE 6 mois :- Rédaction d’un rapport de stage avec soutenance.
Module
Contact hours
Semester 1
Financial Derivatives
30 L
15 T
UE 11
Objectives
To enable students to:
 price various credit instruments and evaluate critically their usefulness in risk
reduction applications using MS Excel and Financial Calculators.
 understand the forms of basic derivative contracts and important hedging
strategies
 understand the theoretical analysis of the Black and Scholes model, and its
relationship to the Binomial Option Pricing Model
 price financial options using both analytical and numerical techniques
15
 understand some popular interest rate option products and how they can be
priced including all kinds of fixed and variable SWAPs and other fixed income
instruments
Contents

Forward Markets and Contracts

Futures Markets and Contracts

Option Markets and Contracts

Swap Markets and Contracts

Interest Rate Derivative Instruments

Using credit derivatives to enhance return and manage risk

General Principles of Credit Analysis

Solving the Liquidity Conundrum

Term Structure and Volatility of Interest Rates

Valuing Bonds with Embedded Options

Mortgage-Backed Sector of the Bond Market

Europe's whole loan sales market burgeoning as mortgage credit market comes
of age

Asset-Backed Sector of the Bond Market

Valuing Mortgage-Backed and Asset-Backed Securities
Assessment
 Assignment and Case Studies
 Class Test
 Exam
16
Module
Contact hours
Semester 1
Assets and Liabilities
Management
30 L
15 T
UE 12
Objectives
To enable students to:




Learn how to assess the strengths and weaknesses in your current Asset and
Liability Management process
Dramatically enhance your practical understanding of strategic balance sheet
management issues such as the impact of Basel II and IAS requirements on ALM
decision making
Appreciate the conflicts that can arise at the ALCO level in the application of both
earnings and valuation methodologies to bank balance sheet management
Gain a comprehensive understanding of symmetric and asymmetric hedging
techniques and develop effective balance sheet hedging strategies banking and
credit management
Contents
Sample Banks Static Risk Assessment
Strategic Liquidity Management
Strategic Capital Management
Funds Transfer Pricing
GAP Analysis
Valuation and Price Risk
Static Risk Evaluation
Hedging in ALM
Value at Risk vs. Earnings at Risk
Advanced Analysis – Monte Carlo Overview and Application
Assessment
 Assignment and Case Studies
 Class Test
 Exam
17
Module
Total hours
Semester 2
Stage en entreprise
6 mois
UE 21
Objectifs
Les étudiants effectuent un stage en entreprise d’une durée moyenne de 6 mois. La
mission de stage est en conformité avec l’orientation de la formation et est validée, en
coordination avec l’entreprise, par l’équipe pédagogique. A l’issue du stage, un rapport
est présenté et soutenu par l’étudiant. Le rapport doit montrer comment la mission
confiée au stagiaire s’articule avec les enseignements reçus lors de la formation.
Pré requis
Une formation académique dans la filière Banque et Services Financiers assurée dans
la formation de l’étudiant au niveau M1/ MSc.
18