Universities / Institut Polytechnique de Paris (École Polytechnique / ENSAE)
M2 Statistics, Finance and Actuarial Science (Master in Applied Mathematics and Statistics) (M2 SFA)
English-taught statistics and finance track combining financial econometrics, derivatives pricing, risk and machine learning with optional actuarial electives. Can lead to PhD track or French actuary accreditation.
What you’ll study
Core
- Financial time series
- Financial Econometrics
- Pricing and hedging of financial derivatives
- Introduction to Risk Management
- Advanced Machine Learning
- GARCH and stochastic volatility models
- Statistics of diffusion processes
- Extreme-value theory
Electives
- Algorithmic trading
- Stochastic calculus
- Risk measures
- Copulas and financial applications
- Credit risk
- Interest rate curve models
- Portfolio Management
- High frequency data and order books
- Machine learning for finance
- Numerical methods in financial engineering
- Actuarial study of life insurance
- Actuarial study of non-life insurance
Source: ip-paris.fr ↗
Before you apply
- Background
- Year 2 entry: completion of first year of a mathematics master (IP Paris or equivalent)
- English
- English language prerequisite (B2 stated on programme page); level test not specified
- Other
- Online application: transcript, two academic references, CV, statement of purpose
Source: ip-paris.fr ↗
After graduation
- Typical first roles
- Quantitative Analyst, Risk Management Specialist, Financial Data Analyst, Data Scientist
Source: ip-paris.fr ↗
Want to see what employers ask for? Browse open quant roles.
Target sectors: banks, insurers, asset managers, hedge funds. Programme director Aymeric Dieuleveut.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.
Similar programmes
Marseille, FranceFQAAix-Marseille Université (AMSE / FEG)Cergy, FranceCY Tech MFCY Cergy Paris Université (CY Tech)Champs-sur-Marne, FranceMFDÉcole des Ponts ParisTech / Université Gustave Eiffel / Université Paris-Est CréteilNice, FranceMSc FEEDHEC Business SchoolPalaiseau, FranceENSAE Finance & RiskENSAE ParisParis La Défense, FranceESILV IFESILV (Pôle Léonard de Vinci)