Master Cycle of the Grande École Program – 2 years

2 Years to Develop the Skills Essential to your Future Career

  • Format

    2 years

  • Languages


  • Location


  • Fees

    €11,700 per year

  • Intake


  • Credits

    120 ECTS



The Master Cycle of the Grande École Program allows students to learn more about a domain related to their professional project by offering them numerous core courses relevant to company-related issues (data sciences, leadership, CSR). A number of electives are also offered “à la carte”, allowing students to have personalized courses. The Master Cycle is therefore a cycle of knowledge enhancement, but also of open-mindedness, contributing to training innovative, inspiring and ethical leaders.

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Advantages of the Master Cycle:

  • A skill-based approach: learning through experience and experimentation: students learn via concrete situations (data provided by companies or organizations) and projects. The Master Cycle is made up of courses, a thesis or consulting project and a long internship.
  • The Managing Diversity in Vivo course allows students to acquire experience as the manager of a group.
  • Active pedagogy based on interactions between professors and students mixing distance and physical courses.
  • Preparation for students’ professional projects via personalized support from coaches who are experts in their domain.

Objectives of the Master Cycle:

  • To acquire a set of strong disciplinary and interdisciplinary skills
  • To advance in their professional project with an ability to think differently and, above all, to ask themselves the right questions
  • To work on leadership, change management, CSR, creativity and innovation, and analysis and decision-making in a complex environment.

Program of the Master Cycle

120 ECTS / 4 semesters according to the following structure

Grande Ecole Program - Master Cycle

That is:

> Two semesters of courses
> One semester of the Master Thesis (or Consulting Project)
> One semester of the Executive Internship


2 semesters of courses

Core courses


All Master Cycle students, regardless of the major they choose, will benefit from core courses, representing 26 ECTS, spread over the two course semesters that make up the Master Cycle.

The core courses offered in the Master Cycle aim to train responsible, innovative leaders, capable of initiating change with an overall understanding of economic, technological, societal, financial and environmental issues. They also contribute to training inspiring leaders capable of giving meaning to their strategies and leading their teams in a shared collective vision.

Change Management for Sustainability Strategies (6 ECTS)

This course reinforces students’ knowledge of change management and, simultaneously, their knowledge of the theories and practices related to sustainability. The societal impact of companies is increasingly recognized as being a priority. Companies need to engage in major change initiatives to meet the demands of social and environmental challenges, such as climate change and social inequalities.

Change Management for Sustainability Strategies (6 ECTS)

This course teaches managers to be inspiring, intercultural and ethical pioneers of change. It aims to create knowledge that nurtures innovative leaders, promoting creative solutions for and with responsible organizations. It aims to explore, analyze and improve a leader’s behavior in order to develop a strong leadership identity.

Data Sciences (2 ECTS)

Companies are faced with multiple technological challenges in the age of artificial intelligence and massive data. The Data Sciences course allows students to acquire knowledge related to different ways of processing massive data and to have a language and an understanding of the issues in this field.

Understanding Business Cycles for Strategic Decisions (4 ECTS)

The corporate environment is characterized by the existence of business cycles that companies need to identify and understand. These cycles evolve according to decisions made by different types of stakeholders. These interrelationships between stakeholders and their decisions concerning their internal organization, strategy and external environment on the one hand, and the evolution of this environment along business cycles on the other, increase the complexity to which managers are exposed. Students thus become familiar with this complexity by first presenting business cycles and their impact on strategic decisions, then discovering the nature of such decisions, and finally being put in charge of a fictitious company.

Managing Diversity in Vivo (4 ECTS)

Managing in Vivo is a support system for Bachelor students by Master students, during which Master students are trained in communication processes and in team management. This unique course allows students to acquire managerial skills through experience, while offering individualized follow-up to students in the Bachelor cycle, facilitating their transition to higher education.

Career Program (2 ECTS)

The Career Program supports students in defining their professional project through a personalized follow-up by coaches who are experts in their fields. It helps prepare students for their entry into the job market in the best possible way.

Language (2 ECTS)

In addition to English, which is the language of instruction and work, students are required to learn another language as part of the Grande École Program.

Courses specific to the chosen major


An IÉSEG student in the Grande École Program Master cycle can choose one* of the 12 available majors**.

Each major offers:
> Six compulsory courses
> Three electives

*Provided that the student’s choice is validated by passing the selection test for the chosen major.
**Access to the 12 majors is only possible for students starting the Master Cycle in September.


Marketing Management

The Marketing Management major offers extensive training in managing marketing actions across different media and in reaching objectives at an international level.


Major Objectives

  1. Build strong analytical and technical skills in order to benefit from the digital transformation
  2. Analyze and monitor digital activities
  3. Be able to set a marketing strategy in line with a company’s objectives
  4. Know how to make consistent, effective and ethical marketing decisions
  5. Design attractive technologies considering users’ experience


Career Opportunities

> Product/Brand Manager
> Account Manager
> Category Manager
> Market Researcher
> Marketing Data Analyst
> Consumer Behavior Analyst
> Communication Manager
> Trade Marketing Manager
> Marketing and Merchandising Planner, etc.


Core Courses

> International Marketing
> Advanced Marketing Mix
> Marketing Strategy
> Consumer Behavior
> Customer Experience / CRM
> Innovation Marketing


+ 3 electives from:

> Communication Marketing
> Brand Management
> Omnichannel Retailing Management
> Advanced Pricing Management
> Services Marketing
> CSR and Marketing
> Marketing Simulation
> Sales Management
> B2B Marketing

Digital marketing

The Digital Marketing major provides students with a profound understanding of designing, implementing, and optimizing marketing activities using digital technologies.


Major Objectives

  1. Build strong analytical and technical skills in order to benefit from the digital transformation
  2. Analyze and monitor digital activities
  3. Be able to set a marketing strategy in line with a company’s objectives
  4. Know how to make consistent, effective and ethical marketing decisions
  5. Design attractive technologies considering users’ experience


Career opportunities

> Community Manager
> Digital Manager
> Omnichannel Manager
> Web Marketing Consultant
> Internet Product Manager
> Web and E-commerce Manager
> Web Traffic Manager
> SEO, SEA, SMO, SEM Manager
> Web Designer, etc.


Core Courses

> Digital Technology: UX and Design Thinking
> Advanced Marketing Mix
> Marketing Strategy
> Consumer Behavior
> Digital Communication
> Digital Analytics


+ 3 electives from:

> Communication Marketing
> Brand Management
> Omnichannel Retailing Management
> Advanced Pricing Management
> Services Marketing
> CSR and Marketing
> Marketing Simulation
> Sales Management
> B2B Marketing

International negotiation and business development

This major focuses on nurturing international negotiation experts with professional knowledge in business development to handle procurement and sales activities as a liaison with customers, suppliers, partners and organizational units in business networks.


Major Objectives

  1. Know how to attract customers in order to deliver the value of relationship management to target audiences.
  2. Become an expert in negotiation to manage conflicts and provide solutions in business interactions.
  3. Know how to make ethical decisions in a changing environment and build mutual benefits with business stakeholders.
  4. Provide analytical knowledge in professional selling to customers and create business roadmaps for implementation.


Career Opportunities

> International Business Manager
> Business Development Consultant
> Account Manager (e.g., Relationship Account Manager, Key Account Manager, Strategic Account Manager)
> Business Service Manager
> Purchaser
> Business Mediator
> Estate Agent
> Sport Agent Negotiator
> NGO Negotiator


Core Courses

> Practical Negotiation Skills
> Applied Conflict Management Theories
> Decision Games and Negotiation
> Culture and Negotiation Strategies
> International Relationship Management and Digital Strategy
> Professional Selling Skills & Personal Sales Performance


+ 3 electives from:

> Business Development for B2B Sales
> Communication and Internal Customer Management
> Managing Conflict through Mediation
> Multi-party Negotiation
> Sales Management
> Purchasing Strategy

Information Systems

Information Systems are at the heart of all organizational processes. They must be developed and managed in a way that aligns with the organizational goals. This major trains experts who can act as a bridge between technical experts (i.e. engineers) and users (managers, users, customers) in organizations.


Major Objectives

  1. Understand how IS can be used to satisfy organizational information needs and support organizational change.
  2. Identify opportunities to solve organizational problems or create opportunities through the use of information technology.
  3. Participate in the design, development, and implementation of organizational information systems.
  4. Guide information systems projects and understand ethical IS-related challenges.


Career Opportunities

> Business Systems/Functional Analyst
> IS Project Manager
> IS Consultant
> Applications/Web Developer
> IS Product Manager
> Data Analyst


Core Courses

> Systems Analysis & Design
> Database Systems
> IS Project Management
> Business Intelligence and Data Analytics
> IS Security and Privacy
> Applications Development


+ 3 electives from:

> Programming with Python
> Web Development in JavaScript
> Artificial Intelligence: Implications for Business
> Trends in Digital Innovation
> Enterprise Systems

Business Economics

The Business Economics major targets students who want to deepen their knowledge of how the business world works and how the economic environment affects business decisions. It prepares future changemakers to be key drivers of sustainable firms’ performance and to conduct missions in large companies and in national, European and international institutions.


Major Objectives

  1. Understand the economic environment and how this affect the productivity, efficiency and profitability of corporate firms and organizations.
  2. Understand ethical issues related to economics.
  3. Know how firms of various sectors and institutions may react to macroeconomic fluctuations and how to anticipate them.
  4. Gauge how assets, economics and natural resources management have to be conducted to take benefit from economic fluctuations.


Career Opportunities

> Economist and Studies Officer
> Economics Consultants
> Market Research Analysts
> Chief Economist in the banking sector
> Consultant in Strategy
> Environmental Economist
> Market Research Analyst


Core Courses

> Labor & Family Economics
> Market Analysis and Competition Policy
> Judgement and Decision Making
> International Business & Strategy
> Efficiency and Productivity Measurement
> Managerial Economics


+ 3 electives from

> Macroeconomics & Monetary Policy
> Environmental Economics & Climate Change
> Business Performance Analysis & Productivity Accounting
> Corporate Risk Management Strategy
> Quantitative Methods for Business
> Decision Making in Corporate Investments


This major aims to immerse students in the practice of entrepreneurial management to help familiarize them with how to launch a new business, revitalize an existing one, or drive sustainable change/innovation in an established organization.


Major Objectives  

  1. Be immersed in the practice of entrepreneurial management. Through interactive lectures, hackathons, case studies, online content, and guest seminars, this track will help familiarize students with how to launch a new business, revitalize an existing one, or drive sustainable change/innovation in an established organization.
  2. Become ethical entrepreneurial managers.
  3. Acquire entrepreneurial tools and competences to develop the ability to drive sustainable change in any kind of organization and context.


Career Opportunities

> Key Account Manager
> Digital Project Manager
> Account Strategist
> Entrepreneurship Support Manager
> Consultant
> Business Unit Developer


Core Courses

> Foundations of Entrepreneurship
> Entrepreneurial Finance
> Entrepreneurial Teams
> Design Thinking & Creativity
> Entrepreneurial Experience I
> Entrepreneurial Experience II


+ 3 electives from:

> Inclusive Entrepreneurship Practice (Hackathon)
> Social Entrepreneurship: the Challenges (fully online)
> Intellectual Property & Openness: Using Legal Tools to Enhance Innovation & Creativity
> Emerging Technologies

Managing People and Organizations

The aim of this major is to nurture students towards becoming effective and responsible managers. It seeks to train future managers and consultants in the areas of human resources, people or HR analytics, learning and development, change management, talent management, and general management.


Major Objectives

  1. Train to become future managers and consultants in the areas of human resources, people or HR analytics, learning and development, change management, talent management, and general (people) management.
  2. Prepare to be able to set a people management strategy in line with organization’s larger business objectives.
  3. Learn to make effective and ethical decisions in people management.
  4. Learn to create a more inclusive and people-centric work environment.
  5. Become aware of new concepts, changes in work and work arrangements, and modern techniques to manage people.


Career Opportunities

> Talent Manager
> People or HR Analytics Manager
> HR Business Partner/Human Resource Manager
> Compensation and Benefits Manager
> Learning and Development Manager
> Recruitment Manager or Consultant
> General Manager
> Human Resources Consultant
> Change Manager


Core Courses

> Strategic Talent Acquisition & Development
> International HRM
> Managing Teams
> Practical Negotiation Skills
> Strategic HRM
> Power Dynamics & Influence in Organizations


+ 3 electives from:

> HR Analytics
> Global Labour Law for Managers
> Employee Performance Management
> Compensation Management
> Managing Well-being and Work-life Balance
> Creating and Leading Diverse and Inclusive Organizations
> New Work Practices for the Digital Age
> Coaching Skills for Managers
> Decision Making for Managers

Operations & Supply Chain Management

This major focuses on how a firm can efficiently manage its operations, logistics, supply chain, purchasing, inventory, quality, and projects.


Major Objectives

  1. Receive training to become an operation manager of the future.
  2. Reflect on, analyze, and make crucial and ethical decisions related to product and service companies’ operations.
  3. Understand everything about companies’ decisions on production, logistics, inventory, projects and purchasing.
  4. Provide knowledge to increase companies’ efficiency, while meeting quality expectations.
  5. Manage a supply chain.


Career Opportunities

> Supply Chain Manager
> Logistic Operations Manager
> Project Manager
> Quality and Lean Manager
> Purchasing Manager
> Analyst
> Supply and Demand Planner


Core Courses

> Supply Chain Management I
> Supply Chain Management II
> Inventory Management
> Project Management
> Total Quality Management
> Decision Tools for Operations Management


+ 3 electives from:

> Production and Capacity Planning
> Purchasing Strategy
> Lean Management
> International Green Logistics
> Enterprise Systems

Asset and Risk Management

The aim of this major is for students to understand the functioning and management of the key risky financial assets in one of the most challenging and fast-changing industry landscapes.


Major Objectives

  1. Prepare for a career in a large variety of financial firms, including retail banks, investment banks, mutual funds, audit firms, insurance firms and investment houses.
  2. Acquire deep knowledge of financial products to understand the emergence of new financial technology innovations.
  3. Be able to manage different classes of financial securities in an ethical and responsible way.
  4. Learn about a wide selection of markets from FX to bonds, from stocks to alternative assets and green assets.
  5. Analyze the modus operandi of more sophisticated options, futures and swap contracts.
  6. Understand and implement quantitative techniques to analyze financial data and improve risk management techniques.
  7. Grasp the recent changes undergone by the financial industry since the 07/08 subprime crisis and the challenges ahead, along with the impact of recent regulatory developments.


Career Opportunities

> Asset Manager
> Portfolio Manager
> Fund Manager
> Risk Manager
> Financial Researcher
> Financial Analyst
> Market Research Analyst
> Credit Analyst
> Equity or Debt Dealer
> NAV Fund Accountant
> Private Banker
> Financial Advisor
> Financial Economist


Core Courses

> Portfolio Management & Analysis
> Fixed Income Securities
> Derivatives
> Risk Analysis and Management
> Firm Valuation
> Contemporary and Ethical Issues in Finance


+ 3 electives from:

> Active Portfolio Management
> Machine Learning for Finance
> Fundamentals of Banking and Insurance
> Python in Finance
> Systemic Risk & Macro-Prudential Regulation
> Regulation of Financial Institutions
> CFA Coaching
> International Finance
> Alternative Investments
> Auditing of Investment Firms
> Programming in Finance using R
> VBA for Finance

Financial Management and Control

This major is the gateway for students who want to achieve high-quality knowledge in control, accounting and financial management, with an emphasis on financial planning and performance analysis, and efficient decision-making.


Major Objectives

Upon graduation, students will be able to:

  1. Guide decisions, manage risk, and monitor performance.
  2. Measure and analyse performance and report on results.
  3. Work across many arenas to improve company-wide operations in a changing environment.
  4. Step into a role that inspires and guides their team to achieve their organization’s goals.
  5. Enhance organizational success by using relevant technology and analyzing data.
  6. Do all of the above with integrity, ethics, and legal compliance, while demonstrating a professional attitude at all times.


Career Opportunities

> Finance Manager/Finance Analyst
> Financial Risk Manager
> Cost Controller/Manager
> Management Controller
> Financial Controller
> Relationship Manager
> Chief Financial Officer, etc.


Core Courses

> Global Performance Management
> Financial Simulation and Forecasting
> Advanced Corporate Finance
> Enterprise Resource Planning
> Corporate Financial and Non-Financial Reporting
> ost Management


+ 3 electives from:

> Internal Auditing and Control
> Financial Statement Analysis
> Decision Making in Corporate Investments
> CMA Professional Certification Preparation

Financial Transactions & Corporate Strategy

By joining this major, students will be introduced to different techniques of decision making in corporate finance, as well as to recent developments relevant to a financial director’s role.


Major Objectives

  1. Become highly skilled and responsible financial analysts and financial managers.
  2. Become equipped with up-to-date technical tools used in corporate financial decision-making.
  3. Understand the use of ethics and code of professional conduct relevant to financial analyst positions.
  4. Study an in-depth analysis of various sources of funding.
  5. Understand the impact of corporate actions on firm economic, social and environmental performance and value.


Career opportunities

> Financial Manager
> Corporate Finance Analyst
> Treasurer
> M&A Analyst
> Equity Research Analyst
> Debt Capital Markets Analyst


Core Courses

> Advanced Financial Statement Analysis
> Advanced Corporate Finance
> Firm Valuation
> Empirical Corporate Finance
> M&A, Takeovers and Corporate Restructuring
> Ethics & Finance


+ 3 electives from:

> Advanced Firm Valuation
> Private Equity
> Financial Engineering
> Debt Market Instruments
> CFA Preparation
> Options & Futures
> Financial Management & Control
> Audit and Advisory

Audit & Advisory

Designed for students looking to jumpstart their career in audit and advisory services, this major blends advanced knowledge of accounting/audit/finance and data analytics skills that are in-demand.


Major Objectives

  1. Analyze business cases with the relevant audit/advisory skills and know-how to satisfy organizational information needs.
  2. Identify opportunities to solve organizational problems through the use of data analytics.
  3. Understand the ethical issues related to auditing and advisory.
  4. Become a reference in regards to technical accounting and finance questions.


Career opportunities

> Financial Auditor in audit firms
> Consultant in audit firms (TS and other Advisory Services)
> Internal Auditor in corporations, etc.


Core Courses

> Financial Reporting
> Advanced Financial Reporting
> Corporate Tax
> Auditing
> Financial Consolidation
> Due Diligence


+ 3 electives

> Internal Auditing
> Consolidation Avancée
> Auditing and Controlling CSR Reporting
> Special Topics in Accounting, Audit & Advisory
> Comptabilité et Audit des associations
> Applied Data Visualization
> Fundamentals of Auditing
> Certified Internal Auditor (CIA) Exam preparation

Open electives


In addition to their core courses and the courses related to their chosen major, students will choose five electives (two in S1, three in S2).


Master students have access to a wide range of elective courses that allow them to personalize their studies, with a view to open-mindedness and general culture, as well as an interdisciplinary mindset.

Examples of electives

Employee Performance Management; Managing Well-Being and Work-Life Balance; VBA et Data Analysis, Sustainability Management and Reporting, Sport Marketing, Digital Leadership and Innovation, The Project Management Experience, VBA for Finance, Corporate Governance, Machine Learning, Tax Planning, Certified Internal Auditor (CIA) Exam Preparation, Applied Data Visualization, Simulation Modeling for Business Applications, Chinese Political and Economic Strategies, etc.

Master Thesis Semester

Final Thesis and Consulting Projects


During the Master cycle, students have to complete a Final Thesis (or dissertation) or a consulting project. This semester represents the end result of years of theoretical and practical training provided at IÉSEG. The objectives are to develop analytical, research and organizational skills related to real situations.

It aims to show students’ aptitude to work on complex problems, the results of their research and suggested solutions.

Final Thesis


Students are responsible for writing a thesis, which involves in-depth personal research, all the while benefiting from the assistance of their thesis supervisor. In this way, they reflect upon and develop a specific issue extensively.

The research that goes into a thesis surpasses the framework of an individual case or situation. Students can choose to work on a particular case and to add a general dimension to it, or they can choose a broader issue, which they illustrate through precise examples. The thesis subject must be in accordance with one of IÉSEG’s fields of study: economics, finance, strategy, marketing, management control systems, human resources, etc.

Consulting projects


Students of the Grande Ecole Program in the Master Cycle have the opportunity to take part in consulting projects in business, or, either in entrepreneurship or in innovation.

Consulting project in Business

Consulting projects are educational work where students (either alone or in pair) hold a position as consultant for a company. They will work on a specific aspect for one semester and their objective will be to provide an external perspective and fresh ideas so that the company may make actual progress on projects in France and across the globe.

Assignments can relate to an area of expertise in MSc programs at IÉSEG: Management, Multicultural Management, Marketing, Finance, Human Resources, Information Systems, Operations Management, Audit & Control, International Negotiation or to a cross-functional subject.

Students are coached by lecturers-researchers at IÉSEG, who are experts in their area. The project manager in the company will also supervise the student on a regular basis.

Consulting Project in Entrepreneurship

With the consulting projects in entrepreneurship (Projet de Création d’Entreprise – PCE), students develop a detailed project to create a new company and a full business plan, under the guidance of a pool of academic and professional experts. At the end of the semester, they present their concept to a jury of experts

A significant number of these projects actually become start up business either when the student graduates or in the following years.

Consulting Project in Innovation

With the consulting projects in Innovation (Projets de Consulting Innovation – PCI), students have the opportunity to work with engineering students from d’Yncréa Hauts-de-France.

These are real innovation projects (for example, products or services, or corporate reorganization process) that have been entrusted to the engineering students, and those from IÉSEG, by companies or organizations.

The projects implement key concepts such as co-development, transdisciplinarity, collective intelligence, creativity, codesign, and allow students to acquire multiple skills, as they are confronted with real life business challenges (time constraints, cost, and working within a multidisciplinary team, etc).

> Learn more about the Consulting Project Innovation

Executive Internship

Executive Internship for 6 month


During the Master’s degree program, IÉSEG students must do a work placement as Executive for 6 months.

They will have to assume responsibilities at the level of a « junior executive », so they may demonstrate their capacity to analyse a problem, suggest solutions and take on responsibilities.

> Learn more about the Executive Internship

Double and Dual Degree

Double Degree with a Master of Science

Grande École Program students can choose to do a double degree by following a Master of Science (MSc) of their choice. To do so, they will write a dissertation or a consulting project consistent with both the subject of the Master of Science they have chosen and their major within the Grande École Program.

During the extra semester, double degree students will complete a 6-month internship in France or abroad. As for the dissertation or the consulting project, the content and the mission of the internship must be in line with the subject of the majors selected in both programs.

IÉSEG Masters of Science accessible as double degrees for Grande École Master students

> Finance (open to students majoring in Audit and Advisory and Financial Management and Control)

> International Accounting, Audit and Control

> Business Analysis and Consulting (open to students from the following majors: Information Systems, Operations and Supply Chain Management, Audit and Advisory, Financial Management and Control, Financial Transactions and Corporate Strategy, and Asset and Risk Management)

> International Business Negotiation (open to students from the following majors: Marketing Management, Digital Marketing, Entrepreneurship, Managing People and Organizations, Information Systems, Operations and Supply Chain Management, and Business Economics)

> Fashion Management

> Banking, Capital Markets and Financial Technologies (open to students from the following majors: Audit and Advisory, Financial Management and Control, Financial Transactions and Corporate Strategy, Asset and Risk Management and Business Economics)

> Digital Marketing and CRM

> Big Data Analytics for Business

Dual Degree from a Partner University

Grande École Program students have the opportunity to obtain a degree from a partner university through the exchange programs.

Master’s level:

> Queensland University of Technology – Brisbane, AUSTRALIA
> McGill University, School of Continuing Studies – Montreal, CANADA
> Tongji University School of Economics and Management – Shanghai, CHINA
> University of Vaasa, FINLAND
> Università Carlo Cattaneo LIUC, Castellanza, ITALY
> Rikkyo University – Tokyo, JAPAN
> Lancaster University Management School, UNITED KINGDOM
> IBS-Plekhanov, Moscou, RUSSIA
> The City University of New York – Baruch College – NYC, USA


These semesters can be interrupted by a gap period (six months or a year – only one gap period possible during the Master Cycle). The gap period can be between the first and second semester of courses or after the Master Thesis (which must follow the second semester of courses). It is not possible to have a gap period between the second semester of courses and the Master Thesis semester.

Students who started their Master’s degree in September and who choose to take a gap year between the first and second semester will have to take a one-year break or a six-month break, followed by their internship.

General contact

Mr. Yash RUIA