Intake: September only
Duration: 12 months full-time
Fees: £24,000 (full-time)
Financial support: Please see our Scholarships page
Application deadline: None - rolling admissions
A Masters in Finance from Cass has the potential to open up global career opportunities for flexible high-calibre students. That's because Cass is among the world's most respected business schools, meeting the needs of employers with a unique blend of theory and practice.
Our proximity to the London's financial district, enhances the practical, real world nature of the educational experience at Cass. Indeed, you will often be exposed to regular instruction and advice from City of London professionals.
This gives you:
- A comprehensive grasp of the principles and applications of finance
- Technical and conceptual skills
- Broad experience of quantitative techniques
- A focus on financial issues in all industry sectors
- City of London contacts
- An international, multicultural perspective
- A flexible qualification suitable for a wide range of roles.
The course is also accredited by a number of professional bodies, including the Chartered Financial Analyst Institute (CFA) and the Chartered Institute of Securities & Investment (CISI), and there are exemptions from some exams of the Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA). Please see the Accreditations tab for more information on how you can benefit from these partnerships.
The course accepts around 90 students a year, usually drawn from at least 35 nationalities. The international dimension of the course is enhanced by the backgrounds of the permanent and visiting academic faculty.
This international dimension, and Cass's close links to City of London institutions, opens up outstanding networking and career opportunities.
View our guide to finance MSc courses at Cass
Leading global investment manager, Threadneedle Investments, has announced a £12,000 scholarship and internship award for students on the MSc in Finance or MSc in Investment Management in 2012/13.
The firm is challenging MSc students to enter an essay competition to win £12,000 towards their tuition fees and an internship at the firm's offices in London and Singapore.
I chose to study the MSc in Finance at Cass because of the reputation of the School and its location which offer a great perspective.'
Maxim Shemetov, MSc in Finance
Maxim describes more of his experiences at Cass....
- Online: 8 April at 14.30 (GMT)
- On-campus: 17 April at 18.30
- London Finance Masterclass: 25 February (recording now available)
If you would like to arrange an individual appointment to discuss this programme please email firstname.lastname@example.org
We review all our courses regularly to keep them up-to-date on issues of both theory and practice. Consequently, there may be some change to the detailed content of the modules and occasionally to module titles.
To satisfy the requirements of the degree programme students must complete:
eight core courses
two additional core modules plus three electives
one elective and a Business Research Project
Induction Weeks - the MSc in Finance course starts with two compulsory induction weeks, including:
- An introduction to the Cass Careers offering with a focus on key skills and attributes that employers are looking for. The annual MSc Careers Fair at this time also provides the opportunity to meet over 60 companies who are recruiting across many sectors including finance, energy, insurance, real estate, shipping, strategic management and internal auditing.
- a refresher course of basic financial mathematics, statistics, computing and electronic databases
The teaching staff on the MSc in Finance have many years of practical experience working in the financial services sector and are also active researchers in their fields
This knowledge and experience inform the highly interactive lectures that make up the MSc in Finance.
Other Module Leaders include:
Teaching staff on Cass Talks
Some of the lecturing staff on the MSc in Finance have taken part in recent editions of Cass Talks.
Prof. Richard Payne argues banning short-selling could do more harm than good.
Prof. Richard Payne says short-sellers are not the villains some regulators make out.
Cass Business School is among the global elite of business schools that hold the gold standard of 'triple-crown' accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS). We are consistently ranked amongst the best business schools and programmes in the world which, coupled with an established 40-year reputation for excellence in research and business education, enables us to attract some of the best academics, students and businesses worldwide into our exclusive Cass network.
CFA programme partner
The CFA Institute, the global association of investment professionals, recognises the rigour and the relevance of the MSc Finance and has awarded this course partner status. CFA Programme Partner status is awarded to a select number of universities around the world whose degree courses incorporate at least 70% of the CFA Program Candidate Body of Knowledge. The CFA Program is the essential qualification for those wishing to pursue a career in the finance sector and the CFA Institute recognises the MSc in Banking and International Finance as strong preparation for their professional exams.
Cass students on CFA partner courses have the option of taking some additional preparatory classes for the CFA exams. They also have access to CFA study materials (including an online Level 1 sample exam) and complimentary access to Financial Newsbrief, a daily investment brief by the CFA. In addition, there is the opportunity to take part in the CFA Global Investment Research Challenge.
Each year 5 CFA scholarships are available to Cass students, offering financial assistance with the CFA exam registration fees.
Students successfully completing the MSc in Finance will be awarded exemptions from the following modules:
- C2: Fundamentals of Financial Accounting
- C3: Fundamentals of Business Mathematics
- F3: Financial Strategy
Students successfully completing the MSc in Finance will be awarded exemptions from the following modules:
- F1: Accountant in Business
- F2: Management Accounting
- F3: Financial Accounting
- F7: Financial Reporting
- F9: Financial Management
CISI Centre of Excellence
Cass Business School is one of a select group of UK universities to be designated a Chartered Institute for Securities & Investment (CISI) Centre of Excellence. The CISI designation means that Cass graduates who complete the MSc in Finance will also be eligible for the award of the CISI Diploma without having to take any of the CISI exams.
MSc Research Project
Students have the option of studying five specialised electives in term three to give them a breadth of subject matter. Alternatively if students would like to study one particular area of interest in depth they have the option of taking one elective and completing a Business Research Project, which in some cases may be completed in partnership with a sponsoring organisation.
The Project will be of approximately 8,000 words. This offers an opportunity to specialise in a contemporary finance topic related to students' future careers. The Project should be based on independent research either in the context of a single organisation or using third-party sources.
Students are encouraged from the start of the course to think about a topic for their Project. A member of academic staff supervises the project, and the student may choose whom they would like to work with. The Project must be submitted by the end of August. Company sponsored projects are encouraged and a number of such projects may be available.
Many students use this opportunity to complete a project in conjunction with an organisation they might want to work for. This gets their foot in the door and can lead to permanent employment post programme, whilst earning course credit.
Some recent projects:
- Board of Directors & Firm Value Market Reaction to the Appointment of Executive & Non-executive directors
- Comparison of Implied & Historical Volatilities in the Currency Markets
- Corporate Finance Distress & Debt Restructuring: An examination of high yield bond issuers
- Did The 1990's US Banking Consolidations Create Value?
- Exploring the Interaction Between Earning Quality & Accounting Standards
- Performance Measurement - The role of EVA
- Private Equity Valuation Model
- What are the determinants of returns in emerging markets
- Why do firms buy back their shares? An Analysis of Share Repurchase Announcements by UK firms
Documents required for decision-making
- Transcript/interim transcript
- Current module list if still studying
- Personal statement (500-600 words)
Documents also required (may follow at later date)
- IELTS/TOEFL/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
- Two references, one of which MUST be an academic reference
- Work experience is not a requirement of this course
This usually means
- A UK 2.1 or above, or the equivalent from an overseas institution
- Some level of previous study in finance or quantitative methods is preferred.
Applicants will need to submit two references, one of which MUST be an academic reference.
- Highly recommended
- A well-balanced score in the range of 600-800 will significantly strengthen your application
Work experience is not a requirement, but please provide details of relevant experience that might enhance your profile. This information will be included in your CV which is required with all applications.
- If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
- If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS or TOEFL results and possibly to resit the tests to meet our requirements.
The required IELTS level is an average of 7.0 with a minimum of 6.5 in writing.
For TOEFL we require a well-balanced score of 107 (Internet Based Test)
Our TOEFL code is 7650, department code 02
Tuition fees and term dates
Tuition fees 2014/15
Application fee: Nil
Tuition fees: £24,000 Currency Converter
Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)
First instalment: Half fees less deposit (to be paid at registration)
Second instalment: Half fees (paid in January following start of programme)
Term dates 2014/15
The programme starts with:
Compulsory Induction Period: 15 September 2014 - 26 September 2014
29 September 2014 - 5 December 2014
Term I exams
12 January 2015 - 23 January 2015
26 January 2015 - 3 April 2015
Term II exams
27 April 2015 - 8 May 2015
11 May 2015 - 26 June 2015
Term III exams
29 June 2015 - 10 July 2015
Submission deadline for Business Research Project
1 September 2015
Official Course End Date
30 September 2015
Graduates from the MSc in Finance move into a diverse range of financial sector careers: investment banking, securities sales and trading, foreign exchange, hedge funds, private banking, credit products, financial and credit risk management and consultancy.
MSc in Finance employability
Our Graduate Destination Survey (pdf) of last year's MSc in Finance cohort shows that 83% of graduates are now either in work (80%) or not job seeking as they are in further study, military service etc. (3%)*
Some examples of where graduates from the 2010/11 MSc in Finance are working are:
- Nomura - Fixed Income Division, Structured sales Analyst - UK
- Lazard Asset management - Institutional Sales/Relationship Management, Associate - Germany
- PwC - Valuations and Strategy, Analyst - India
- Renaissance capital - Investment Banking, Analyst - Russia
- Enterprise Performance Management, Analyst - UK
*Based on 2012 survey respondents