- Course content
- Teaching staff
- Entry requirements
- Tuition fees and term dates
- Career opportunities
The MSc in Finance is now closed to new applications for 2016/17 entry.
Applications for 2017/18 will open in early November 2016
Intake: September only
Duration: 12 months full-time
Fees: £25,000 (full-time)
Financial support: Please see our Scholarships page
Application deadline: Closed for 2016/7
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 a Chartered Financial Analyst Institute (CFA) Partner Programme and is accredited by the Chartered Institute of Securities &\; Investment (CISI) There are also 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.
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
If you would like to arrange an individual appointment to discuss this programme please email Sarah Woodley
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
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
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 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
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 wil be able to apply for an exemption from the CISI Diploma.
Documents required for decision-making
- Transcript/interim transcript
- Current module list if still studying
- Personal statement (500-600 words)
Documents which may follow at a later date
- IELTS/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
- Two references
- Work experience is not a requirement of this course
- For a successful application to receive an unconditional status all documents must be verified, so an original or certified copy of the degree transcript must be sent by post to Specialist Masters Programme Office, 106 Bunhill Row, London, EC1Y 8TZ, UK
We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.
The entry requirements for the MSc Finance are as follows:
- A UK 2.1 or above, or the equivalent from an overseas institution.
- Some level of previous study or evidence of skills in finance or quantitative methods is essential.
Applicants will need to submit two references, one of which MUST be an academic reference.
- 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 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 the writing section and no less than 6.0 in any other section.
Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.
CFA Claritas Investment Certificate
- Covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.
- Highly recommended, particularly for students from a non finance background.
- 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.
Tuition fees and term dates
Tuition fees 2016/7
Application fee: Nil
Tuition fees: £25,000 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 2016/7
In-Person Registration (all students must attend): Commences 12 September 2016
Compulsory Induction: 12 - 23 September 2016
26 September 2016 - 2 December 2016
Term I exams
9 January 2017 - 20 January 2017
23 January 2017 - 31st March 2017
Term II exams
24 April 2017 - 5 May 2017
8 May 2017 - 23 June 2017
Term III exams
26 June 2017 - 7 July 2017
Submission deadline for Business Research Project
1 September 2017
Official Course End Date
30 September 2017
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 most recent Graduate Destination Survey of the MSc in Finance class of 2014 shows that 58.3% of graduates are now either in work (56.9%) or not job seeking as they are in further study, military service etc. (1.4%).
Some examples of where graduates from the MSc in Finance class of 2014 are working are:
- DNB Bank ASA - Corporate Trainee
- PwC - Auditor
- KPMG - Graduate TraineeNomura - Fixed Income Division, Structured sales Analyst - UK
- JP Morgan - Analyst
You can also view information from our Graduate Destination Survey (pdf) from 2014