Main Goals

The main goal is forming high-qualified risk managers, corporate financial managers and financial analysts in marketplaces. The most important emphasis centers at Basel II, banking, risk management, among other aspects.

It is noticeable that the whole courses encompassed in the curricula include practical cases and computer-based real-world applications that are related to finance and risk management. In addition, the courses can also be pursued through the most recent e-learning tools.
Job Opportunities
- The head of the financial and accounting departments in large corporations.
- The head of the financial and accounting departments in small-sized corporations.
- Financial and economic analysts.
- Traders in marketplaces.
- Responsible in banking trading.
- Commercial operations in banks.

Targeted Audience

The students that can be interested in this Master are those that have a B.A. in economics, accountancy, finance, and who are motivated to get involved in finance. Furthermore, the Master is devoted to the people who are already working in financial institutions, banks, and corporations and who want to deepen their practical and theoretical knowledge.
 

CURRICULUM

• Actuarial Analysis

Advanced aspects of mathematical finance, investment-financing decisions, bonds, real-world applications using computer packages.

• Advanced Financial and Accounting Analysis

Analysis of financial statements and the financial information that may be inferred from these statements. Expansion of the analysis to cover national and multinational corporations.   

• Analysis of Marketplaces

Analysis of the microstructure of marketplaces and the organization of organized and non-organized (over-the-counter market) financial markets. Additional aspects are also dealt with, such as credit risk.

• RISK MANAGEMENT OF INTEREST rates

       This course discusses the requirements imposed by Basel II, and the methods to manage the risks 
       induced by interest and exchange rates. The management of such risks is tackled in the context of
       the Tunisian Dinars convertibility, the volatility of rates.

• Portfolio management

Selection of securities and portfolios, optimization of portfolios, CAPM-type models, and their extensions. The postgraduate should understand the optimal strategies to implement in order to manage a portfolio of securities (e.g., stocks, bonds, warrants, options.) 

• Management of raw materials’ Risks

This course deals with the management of the volatility of raw materials prices (oil, barley, etc.) and discusses the techniques for the alleviation of such risks.

• Financial valuation of Distressed-firms

This course discusses the methods for the valuation of financially-distressed firms. Also, it deals with the risk-return analysis and the financial analysis based on ratios. The main objective is assessing the financial health of the firm through the utilization of ratios and its financial structure.

• VALUATION OF CORPORATIONS AND GROUPS

This course introduces the new valuation techniques such as the EVA, MVA, real options, DSC, etc. It emphasizes the similarities and differences between the valuation of a single firm and the valuation of groups.

• Financing Legislation

This course deals with the features of the securities that listed corporations can issue: (preferred and common) stocks, bonds,… It emphasizes the most important legislative rules organizing the issuance of securities.

• Practical cases

This course links theory to practice through the application of many cases comparing the prediction of theoretical models and real-world data. The man objective is to show whether theory’s predictions are close to real facts.

• Les marchés À terme et la couverture des risques  

Comment couvrir les risques dans les banques, les compagnies,  les institutions en utilisant les marches a terme ? Comment fonctionnent les marchés ? Comment fonctionne la bourse? Quels sont les différents marchés ? Quels sont les différents types de produits ? Comment utiliser les options, les contrats futures et forward, les swaps pour la gestion des risques.

• International trade and liquidity management

The development of international trade and its impacts on national economies is dealt with. Hence, the role of COFACE, COTUNACE, and multinational corporations is studied in the context of the management of international risks.

• International finance

This course introduces three key problems in international finance, namely financial globalization, currencies markets, and globalization in a broad sense. It also deals with the management of liquidity and the use of the new financial instruments.  

• COMPUTER APPLICATIONS AND NTIC (NEW information and communication technologies)

The role of the new technologies for information and communication is studied in the context of computerization of information, projects management, financial packages used in risk management.

• Financial and accounting packages

Introduction to Risk Metrics, Credit Metrics, Bloomberg, Reuters, Condor, etc.

• PROFESSIONAL TRAINING IN A COROPORATION

     
       A professional training in a corporation during three months.

• A professional DISSERTATION 

The professional dissertation lasts three months in a financial institution, a corporation, or an insurance company.