France: the success of Moroccan engineers in the financial professions, saw Marianne magazine

Extremely well-trained in mathematics in high schools and selected preparatory schools, Moroccan students represent a significant proportion of financial engineers working in banks and trading halls in France, even ridiculing the French, writes the weekly magazine Marianne.

The striking breakthrough of Moroccan engineers in the financial professions in France is attracting growing interest from the French media. In a recent article entitled “In finance, these Moroccan engineers who mock the French”, the weekly Marianne considers this phenomenon, described as “mass”.

“Very well trained in mathematics, Moroccan students make up a significant proportion of financial engineers in French banks throughout the Paris market,” wrote the author, who points out that in certain departments of major French banks, Moroccans account for up to 40% of financial engineers.

“The conclusion, which was tested throughout the Paris market, both in BNP and in the Société Générale, Crédit Coopératif or Natixis,” the weekly said. And the resumes of Moroccan students continue to arrive, according to the director of research of a large French bank, quoted in the article.

This success is due, according to this director, to the quality of mathematics education provided in the Kingdom’s secondary schools and preparatory classes. “They are very well prepared in secondary schools and selected Moroccan preparatory schools. Compared to Algeria, it has nothing to do with it, ”he said.

And to clarify that “Morocco has a very dynamic policy of engineering training (as well as Tunisia, to a lesser extent).” “Their results are incredible,” he says, even if “few of them return to their country of origin.”

“Moroccan students make fun of French students,” said Gilles Page, head of the 2nd Master’s program in Probability and Finance at the Pierre and Marie-Curie University and Polytechnic, and the kings of the diplomas will be Quant. ). Many of his troops are now Tunisian and especially Moroccan: “It’s huge,” he said Marianne.

Like the aforementioned bank manager, this professor attributes this success to the high level of mathematics training in Moroccan preparatory schools. “The mathematics programs of the preparatory classes of Moroccan high schools, based on French school programs, have not changed for fifteen years,” he explains. Marianne.

“Unlike in France, in Morocco we are rarely separated from mathematics,” said a Moroccan engineer interviewed by Marianne. After all, according to the author of this article, “those who come after studying in France really seem to be military vehicles.”

These “fighting machines” come out every year from the Lycée d’Excellence de Benguérir (Lydex), which is admired by everyone, including the French. “Lydex High School in Bengheri, Morocco, is cited less than the scientific training of Henry IV, Louis le Gran, Stanislas or Saint-Geneviève to succeed in integrating the best French engineering schools: Polytechnique, Centrale, Télécom, Ecole des Ponts ParisTech Mines, who fill the trading halls of French banks with their students. This high school of excellence, which opened in 2015 in the city of Muhammad VI as a result of public-private partnership, still manages to admit almost twenty young people to the Polytechnic every year! ”, – emphasizes the author of the article.

The latest qualifying results for the 2022 French Grandes Ecoles competition, published by Le360, are instructive in this regard: 24 Lydex students are eligible for the Ecole polytechnique de Paris or X, including 6 girls.

Referring to the weekly Campus France Marianne points out that Moroccan students who come to France (about 40,000 a year) “are today overrepresented in engineering schools compared to other foreign students.”

“When entering university, they prefer research and avoid literature, humanities and other political sciences: only 13% take these courses against 30% for other foreigners,” – says the author of the article, which concludes that “despite the fact that think the children of the French elite, for whom Science-Po symbolizes interpersonalism and offers opportunities that are much less rewarding and more risky than engineering.