This course is now closed to new applications for September 2013 start.
We will begin to accept applications for autumn 2014 from early November 2013.
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.
You also have the option of some preparatory classes for the Chartered Financial Analyst (CFA) exams and some exemptions from a several of practitioners bodies such as the Chartered Institute of Management Accountants (CIMA), the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Securities & Investment (CISI).
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....
If you would like to arrange an individual appointment to discuss this programme please email email@example.com
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 the global association of investment professionals, recognises the rigour and the relevance of the MSc in Finance and has awarded this programme partner status. The CFA is the essential qualification for those wishing to pursue a career in the finance sector and the CFA recognises the MSc in Finance as strong preparation for their professional exams.
You also have the option of some additional preparatory classes for the CFA exams.
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
To be accepted on to the Cass MSc in Finance you will need a good Bachelors degree. 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.
If you have not yet completed your current course of study, your university should be able to provide an interim transcript showing your marks achieved to date. If you are still undertaking your Bachelors degree studies, you should provide a separate list of the modules that you are undertaking in your final year of study when you submit your application (if these are not listed on your degree transcripts).
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
We highly recommend GMAT for applications to all our Finance related courses and in particular the MSc Finance. It will greatly strengthen your application and will be a useful qualification to add to your CV when entering the work place following your postgraduate studies. We would look for a well-balanced score over 600 with all sections marked at a minimum of 50%. It would be advisable for candidates to submit a copy of the GMAT report with their application. Students who do not submit a GMAT with their application may be asked to sit the GMAT and achieve a score above a specified threshold as a condition of entry.
Please send us a paper copy of your GMAT report so we can verify this online as we no longer receive paper copies by post. You will need to add the MSc programme at Cass Business School to your list of institutions so we can access your score results online.
GMAT scores are valid for five years. Further information about GMAT, registration, fees and testing sites is available from www.gmat.com
Our GMAT code is 2C2-R0-84
Every year we welcome students from around 100 different countries. It is essential that all students have an excellent command of English in order to participate fully in our collaborative learning process. If you are not a native English speaker but have been studying in English at a degree level for the last three years, please submit a copy of your most recent English language test scores/qualification along with your application and a decision will be made by the Admissions Panel. If you have done a 2+2 degree with two years in the UK you WILL be required to provide IELTS or TOEFL scores and possibly to resit the test to meet our academic entry requirements.
Please note that we assess each application on its own merit and you can help us to make decision by providing all relevant documents at the time of application.
We require all Cass MSc students who are not nationals of a majority English-speaking country OR have not successfully completed an academic qualification, at least equivalent to a UK bachelor's degree, which was taught in a majority English-speaking country as defined by the UK Border Agency, to have an overall IELTS score of at least 7.0 (with a minimum of 6.5 in writing). For TOEFL we require, 107 (internet based test) / 263 (computer based test) / 627 (paper based test). Our TOEFL code is 7650.
We do not offer nor accept a pre-sessional English class as an alternative to the listed English tests. Any pre-sessional course should be viewed as an aid to living and studying in the UK and not as a way of topping up an IELTS or TOEFL score.
Documents required for decision-making
- Transcript/interim transcript
- Two references, one of which MUST be an academic reference
- IELTS/TOEFL/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
Tuition fees and term dates
Tuition fees 2013/14
Application fee: Nil
Tuition fees: £23,000 Currency Converter
Deposit: £2,000 (paid within 1 month of receiving offer)
First instalment: Half fees less deposit (paid at registration)
Second instalment: Half fees (paid in January following start of programme)
Term dates 2013/14
Compulsory Induction Period: Week commencing 9 September 2013 - 27 September 2013
Please note that these dates are provisional and are subject to change. Contact the MSc office before making any travel arrangements.
30 September 2013 - 6 December 2013
Term I exams
13 January 2014 - 24 January 2014
27 January 2014 - 4 April 2014
Term II exams
28 April 2014 - 9 May 2014
12 May 2014 - 27 June 2014
Term III Assessments
30 June 2014 - 11 July 2014
Business Research Project submission deadline
1 September 2014
Official Course End Date
30 September 2014
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