Intake: September only
Duration: 12 months full-time
Financial support: Please see our Scholarships page
Application deadline: None - rolling admissions
The MSc in Investment Management is founded on three principles: academic rigour, relevant knowledge and an international orientation.
You will acquire a sound knowledge of the theoretical foundations that underpin modern investment and risk management techniques. These principles are applied in practice via case studies and the use of online databases such as Bloomberg and simulators. The practical aspect is delivered with extensive input from City of London institutions. Many leading practitioners teach on the course, providing a vital link between theory and practice.
The MSc in Investment Management is a demanding course. During the course you will cover the traditional syllabus of a general Masters degree in finance and develop extensive expertise in a range of specialised areas such as the management of equity and bond portfolios; trading techniques; asset-liability management; risk management; alternative investments; venture capital and management of foreign exchange.
An advisory panel of senior practitioners ensures that the course remains at the forefront of developments within financial markets and reflects topical and technical developments in the marketplace.
View our guide to finance MSc courses at Cass
On a typical intake of around 100 students a year, a minimum of 35 nationalities will normally be represented. The international dimension of the course is further developed through the backgrounds of the resident and visiting academic faculty. The international learning experience adds range and depth to the student experience, while generating worldwide networking opportunities after graduation.
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.
'Studying in London was great. It gave me a global experience.'
Bryan Ciambella from the USA, MSc in Investment Management
Bryan 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. Therefore, 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
one elective and a Business Research Project
Induction Weeks The MSc in Investment Management course starts with two compulsory induction weeks, including:
- An introduction to Cass Careers with a focus on the 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.
- Database inductions, and introductions to the course, studying at Cass and financial services
The teaching staff on the MSc in Investment Management 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 Investment Management.
Other Module Leaders include:
- Prof. Andrew Clare
- Dr. Nick Motson
- Dr. Sotiris Staikouras
- Dr Natasha Todorovic
- Prof. Keith Pilbeam (School of Social Sciences)
Teaching staff on Cass Talks
Some of the lecturing staff on the MSc in Investment Management have taken part in recent editions of Cass Talks.
Dr Nick Motson on the bank lending rate probe.
Dr. Nick Motson on whether hedge fund manager behaviour can be likened to casino gambling.
Prof. Andrew Clare on the importance of understanding international business.
CFA programme partner
The CFA, the global association of investment professionals, recognises the rigour and the relevance of the MSc in Investment Management 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 Investment Management as strong preparation for their professional exams.
You also have the option of some additional preparatory classes for the CFA exams. Please note that the programme does not provide any exemptions from CFA exams.
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 Investment Management will also be eligible for the award of the CISI Diploma without having to take any of the CISI exams. Please see the Education section of the CISI website for important information on how to take advantage of these benefits.
Member of CAIA Academic Partnership Programme
The Chartered Alternative Investment Analysts Association (CAIA) is an independent organisation committed to education in the field of alternative investments and is recognised globally as the hallmark of excellence.
The partnership recognises that the content of the MSc in Investment Management reflects the concepts, tools and practices required by investment professionals working with products ranging from hedge funds to commodities.
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. Cass Careers Service works to coordinate projects with organisations and students.
Some recent projects:
- Active investment strategies on emerging markets
- Active style management of fund of hedge funds: An empirical performance attribution study of alternative investment strategies in a dynamic portfolio context
- An examination of the accuracy of Company Valuation Techniques
- Credit spread and sovereign risk
- Extreme correlation among equity markets
- Globalisation of world stock markets
- How should the risk premium on equities be modelled?
- Performance characteristics for European buy-outs
- The post-bubble European Private Equity Industry
- Valuing credit default swaps, swaptrons and forwards
Cass Business School operates on a rolling admissions basis. This means that candidates apply for and are admitted all year round to our programmes. Most of our applications are received early in the academic year. To maximise your chances of receiving a positive response, we strongly suggest you apply as early as possible. We aim to return a decision within 4 - 6 weeks of receiving your application.
A good Bachelors degree is required to enter this course, usually 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).
No work experience is required for this programme although if you do have any relevant experience that will enhance your profile please give details of this.
We highly recommend GMAT for applications to all our Finance related courses. 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 2014/15
Application fee: Nil
Tuition fees: £24,000 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 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
The MSc Investment Management has graduates working as portfolio managers, hedge-fund specialists, traders, risk managers, security analysts, brokers and corporate treasurers. The wide variety of functions that our graduates are able to perform reflects the breadth of the course and the flexibility of the qualification.
MSc in Investment Management employability
Our Graduate Destination Survey (pdf) of 2010/11's MSc in Investment Management cohort shows that 81% of graduates are now either in work (72%) or not job seeking as they are in further study, military service etc. (9%)*
Some examples of where graduates from the 2010/11 MSc in Investment Management are working are:
- Threadneedle - Equity Investments, Analyst - UK
- BlackRock - Fundamental Equity, Analyst - UK
- CNODC - Financial and Capital Operation, M&A Associate - China
- Citigroup - Financial Services - Hedge Funds/Other Investments, Analyst - USA
- Dutch Central Bank - Investment firms and collective investment schemes, Corporate Analyst - The Netherlands
*Based on 2012 survey respondents