Master’s degree in Risk Management for Insurance, Banking and Finance


This 2-year master’s degree program is built up on the experience of the IAE Nantes – Economics & Management and more particularly on the knowledge of the bank developed since 1992 as well as on the experience of the Asian markets acquired thanks to the Franco-Chinese International Management Center since 1995. It is aimed at executives working in banking and financial establishments in Southeast Asia, or in companies integrating divisions dealing with finance, credit, insurance, stock market, markets financial advisers, or even advising financial institutions.

Graduates from the Master 2 RMIBF are awarded two official Master’s diplomas, respectively one from the Nantes University, and one from RULE. This university is among the most prestigious institutions not only in France and Europe, but also in the world.


RULE is one of the two Cambodian higher education institution members of the ASEAN Universities Network. Aiming to achieve a high quality of international standards, RULE has broadly expanded its international collaboration with some of the most prestigious institutions in management, business, insurance, banking and finance in Europe.

The vision of this program is to aim at strengthening capacities of student to launch a business or to lead a project within an organization and to advance to the top management positions. This degree provides a regional and international career path for our graduates.

The program has been designed to develop the fundamental professional skills, mindset and behavior of the students. All courses take place in the evening during week days; hence this allows the students to pursue their career in parallel.


In 50 years, the University of Nantes has brought training and research to the highest level. In 2015, it joined the Times Higher Education ranking of the most renowned and prestigious universities in the world. In 2017, it won the I-Site label (Science, Innovation, Territories, Economy Initiatives) of the “Investissement d’Avenir” program thanks to the NExT project. This incredible dynamic now allows the University of Nantes to be part of a real strategy of development and international influence while remaining open to all.

Within its campuses, knowledge intersects. The University of Nantes carries multidisciplinary in its genes. 37,000 students work there in 20 components, 164 state diplomas are represented, 44 laboratories work in all fields of knowledge.

The University of Nantes has been strongly committed to academic cooperation in Cambodia for several years. This commitment appears in the offer of training programs such as this master’s degree program in Risk Management for Insurance, Banking and Finance delivered at RULE as well as in the participation to capacity building projects, projects funded by the Erasmus + program of the European Union and of which RULE is also a stakeholder.

RULE in association with French Universities and Business Schools offer a common year 1 master’s degree in Economics and Management. Most of courses are given by reputed foreign professors. Many professionals also participate in the program through conferences and workshops as well as for specific courses (Marketing, Business Law, Insurance, etc.).

Common core – Semester 1

  • Business ethics (20h)
  • Financial Accounting (40h)
  • Marketing Management (24h)
  • Operations Management (24h)
  • Management Control (24h)
  • Financial Management (24h)
  • Business Statistics (24h)
  • Introduction to Quantitative Methods (24h)
  • Research Methodology (12h)

Risk Management in Insurance, Banking and Finance – Semester 2

  • Basic Principles of Insurance (18h)
  • Financial Markets (18h)
  • Fundamentals of risk management (18h)
  • Market Economy and International Finance (18h)
  • Professional Report

Module 1: Economic and legal framework

  • International regulation and financial institutions (18h)
  • International banking finance (18h)
  • Banking institutions legal framework in Cambodia and ASEAN (18h)
  • Insurance institutions legal framework in Cambodian and ASEAN (18h)

Module 2: Analysis and profitability

  • Profitability analysis and management control for insurance and banking (18h)
  • Recording financial transactions and internal audit (18h)

Module 3: Strategy and Marketing

  • Corporate and portfolio strategy (18h)
  • Insurance product strategy and financial services (18h)
  • Marketing for insurance and banking (18h)

Module 4: Mathematics and information systems

  • Information systems for insurance and banking (18h)

Module 5: International markets and risk management

  • International operations (18h)
  • Market risk analysis and management (18h)
  • Credit risk analysis and management (18h)


Admission requirements (graduate, master, other/ experience etc.)

Year 1:

  • Applicants must hold at least a Bachelor’s degree in any field related to economics and management
  • Passing the entrance test. 

Entrance test:

  • Every year in September
  • 4 topics: English, problem solving and quantitative reasoning and general knowledge in economics and management;
  • Download the Test records from previous years here (CLICK HERE).

Year 2: 

  • Students who have followed and successfully completed the first year of the master’s degree program are directly accepted in year 2.
  • Students wishing to integrate the program directly in the second year must prove that they have successfully completed a first year of a master’s in any field relating to economics and management. They must also have an interview with the program director.

Language(s) and requirements

  • The master’s degree program is fully taught in English.
  • Students must demonstrate a very good command, both oral and written, of English.
  • The most common language tests (TOEFL, DELF…) are accepted.

Class schedule

  • Duration of program: 2 years
  • Semester 1 from October to March
  • Semester 2 from April to September
  • Evening class on weekdays (from 6 pm to 9 pm)

Tuitions Fees

  • 1600$/year in one installment or 1700$/year in two installments (850$/semester)


  • Deadline for Application: September 1st
  • Admission Interview: September
  • Entry Exam: September
  • Beginning of Classes: October

The vision of this program is to aim at strengthening capacities of student to launch a business or to lead a project within an organization and to advance to the top management positions. This degree provides a regional and international career path for our graduates.

  • Director of business lines within the bank industry
  • Network director
  • Regional director
  • Director of agency/branch
  • Responsible for corporate and institutional clients
  • Risk controller
  • Banking management controller
  • Financial director
  • Financing manager
  • Information systems developer for the bank

Mr. Laurent MESMANN

  • Advisor to the Rector in charge of the double degrees at RULE
  • [email protected]
  • +855 68 98 98 18


  • Deputy Head of Project
  • French Cooperation Department in Economics and Management
  • [email protected]
  • +855 86 674 353

Ms. THENG Chanthy

  • Academic Coordinator
  • French Cooperation Department in Economics and Management
  • [email protected]
  • +855 12 34 35 73

Ms. SOK Marineth

  • Administrative Coordinator
  • French Cooperation Department in Economics and Management
  • [email protected]
  • +855 96 905 39 88 (Telegram)