24 months
243 EUR/year
243 EUR/year
Tuition fee
Apply date
Start date


Are you an analytical thinker? Do you want to tackle the challenges of today's finance world? and build a successful career? Then the Master in Finance at Toulouse School of Management (TSM) is just for you. This flagship programme of TSM will train you to become a financial expert highly sought after upon graduation.

Visit the official programme website for more information


TSM’s Master in Finance combines rigorous academic foundations in all fields of finance with practical insights from the professional world. Thanks to this blend of theory and practice, you will develop intellectual and managerial skills. Besides you will get a strong core understanding of finance, enabling you to learn new tools throughout your career.

Moreover, you will enjoy an international environment in one of the most student-friendly cities of France. 50% of the Master in Finance cohort are international students, with 32 represented nationalities. Our faculty staff is also diverse in terms of origin and international experience.

The curriculum offers a rigorous training programme, covering the foundations of finance during the first year and offering students the option to specialise in one of three fields during the second year (Corporate Finance, Financial Markets and Risk Evaluation or Finance and Information Technology) or to get a double degree with HEC Liège.


Following the first year (Master 1), you will need to choose between various training paths (Master 2 and MSc):

  • Corporate Finance

  • Financial Markets

  • Finance and Information Technology

  • Corporate Finance - double degree with HEC Liège

  • Financial Markets - double degree with HEC Liège

  • Master of Science in Finance

TSM Master in Finance graduates are highly sought after by French and international recruiters, such as banks, consultancies, large multinationals and asset management firms.

97% have a job 6 months after graduation. 24% find a job abroad. 36% have a gross annual salary between 30k and 40k euros, and 42% a gross annual salary between 40k and 50k euros.

What to expect:

By the end of the Master in Finance offered at Toulouse School of Management (TSM) , you will be able to:

  • Know basic institutional and regulatory framework of finance in organisations and markets

  • Understand the conceptual foundations and analytical methods in finance

  • Apply analytical methods in finance to solve practical problems encountered by corporations, financial institutions and markets

  • Critically assess the drivers of contemporary financial issues

  • Incorporate ethical dimension and implications for sustainability in financial decisions

  • Communicate effectively in oral and written form

  • Work in a team

  • Solve complex problems


The TSM Master in Finance is EPAS-accredited.

Programme Structure

Courses include:

Year 1

Semester 1

  • Foundations of asset pricing

  • Introduction to corporate valuation

  • Mathematics for finance and insurance

  • Business economics

  • Introduction to financial accounting and reporting

  • Initiation to research

Semester 2

  • Financial markets

  • Principles of corporate finance

  • Econometrics

  • Introduction to information technology for finance

  • Group project

  • Professional development workshop

  • Internship

Year 2

Choice of tracks:

  • Corporate Finance

  • Financial Markets and Risk Evaluation

  • Finance and Information Technology

  • Corporate Finance - double degree with HEC Liège

  • Financial Markets and Risk Evaluation - double degree with HEC Liège

  • Master of Science (MSc) in Finance (research track)

Key information


  • Full-time
    • 24 months

Start dates & application deadlines

More details


Two application rounds: 

  • round 1: January 1st, 2022 to February 1st, 2022
  • round 2: March 15 to April 15, 2022




120 ECTS


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Start from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Toulouse School of Management (TSM) and/or in France, please visit Student Insurance Portal.

Other requirements

General requirements

  • Successful completion of 180 ECTS
  • An English language test (B2 required). List of accepted language tests: TOEFL iBT, TOEIC Listening and Reading (compulsory), TOEIC Speaking and Writing (highly recommended), Cambridge First Certificate, Cambridge Advanced Certificate, Cambridge Proficiency Certificate, IELTS (Academic). Students having completed at least two years of full-time university studies (at Bachelor or Master level) in English are exempted.
  • Examination of candidate’s application and possible interview

Tuition Fee

To alway see correct tuition fees
  • International

    243 EUR/year
    Tuition Fee
    Based on the tuition of 243 EUR per year during 24 months.
  • EU/EEA

    243 EUR/year
    Tuition Fee
    Based on the tuition of 243 EUR per year during 24 months.

Regular track: 243 euros for each year

Double Degrees: 2500 euros for the two years

Living costs for Toulouse

799 - 1154 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Toulouse School of Management (TSM)


Go to your profile page to get personalised recommendations!