1. 2015 Entry

Overview

The BSc (Hons) in Investment and Financial Risk Management covers both the internal aspects of financial institutions and the external factors that affect the investment arena and modern financial markets in general.

The degree provides an in-depth understanding of the theoretical foundations that underpin modern investment and risk management techniques.

The course has a strong practical dimension so you can acquire a sound knowledge of how to apply these techniques to all areas of investment and financial risk including: 

  • equity markets
  • asset and portfolio management
  • bond trading
  • security analysis
  • derivatives hedging
  • investment banking
  • hedge funds

The undergraduate course has a strong focus on international business  and covers many other areas relating to global financial markets.

The course offers you a route to becoming a trader, a fund manager, a broker or analyst in any area of finance.

To succeed in this arena, you should be confident, questioning and curious about the world of banking and the financial markets.

BSc (Hons) in Investment and Financial Risk Management is available as a three-year degree or four-year degree for those who wish to take up a one-year work placement option or study abroad sandwich option.

These options offer excellent opportunities to gain relevant work experience to prepare for your career or add an international dimension to your undergraduate study.  91% of students are satisfied overall with the degree and 79% are either in work or further study within six months of graduating.

Students on this degree also have the option to undertake the second year of a three-year degree on an international study exchange at one of our prestigious partner institutions. 

Testimonial

In my experience, the BSc Investment and Financial Risk Management is a very unique degree as it is exclusively offered at Cass. I like the fact that all of the modules are focused specifically on subjects needed for a career in finance and will prove useful once embarking on a career in the field. It is also beneficial to have lecturers with the highest level of academic qualifications, as well as extensive experience in the industry to provide invaluable insight and knowledge.

Asaad Rafi (Year 3 student)

Course content

Year 1

The first year of the Investment and Financial Risk Management degree provides an introduction to financial markets, accounting, economics and quantitative methods. You will also gain an understanding of the tools used in applied investment analysis and enhance their mathematical, statistical and computing skills.

Five modules (four core and one elective)

Core modules:

  • Financial Markets, Institutions & Instruments
  • Financial Mathematics and Business Statistics
  • Foundations of Economics for Finance
  • Introduction to Financial Accounting

Elective modules - choose one from:

  • International Business Environment
  • Introduction to Business Law
  • Introduction to Management Accounting
  • Introduction to Visual Basic
  • Professional Skills

Year 2

The second year develops your theoretical knowledge and enables you to interpret financial data through the use of advanced statistical tools and formulate and solve complex problems in finance. You will gain a thorough understanding of the framework for the measurement of risk and return.

The course also introduces econometrics and its application to modelling and testing in finance. Elective modules enable you to deepen your knowledge of subjects such as investment, finance and risk, insurance and real estate.

Eight modules (five core and three electives).

Core modules:

  • Derivatives Trading & Hedging
  • Financial Econometrics
  • Mathematical Finance
  • Portfolio Theory & Investment Valuation
  • Security Analysis

Elective modules - choose three from:

  • Alternative Investment Management
  • Business and Industrial Economics
  • Company Valuation
  • Corporate Law
  • Corporate Risk Management
  • European Business Culture
  • Financial Accounting
  • Financial Accounting 2
  • Introduction to Python
  • Introduction to Real Estate Investment
  • Personal Finance
  • Real Estate Valuation
  • Risk Analysis & Modelling

Final year

In the final year, core modules enable you to gain in-depth knowledge of investment and financial risk management, while electives allow you to extend their study of these subjects or to focus on areas ranging from financial accounting to advanced corporate finance.

Seven modules (five core and one elective)

  • Asset Liability Management
  • Equity Investment Management
  • Financial Engineering
  • Fixed Income Portfolio Management
  • Final Year Project

Elective modules - choose one from:

  • Advanced Financial Accounting: Theory and Practice
  • Advanced Financial Economics
  • Asset Liability Management
  • Bank Strategy & Management
  • Business Forecasting
  • Climate Change & its impact on the World Economy
  • Corporate Finance
  • Corporate Governance
  • Corporate Social Responsibility
  • European Business Seminar
  • Emerging Markets
  • Financial Forecasting
  • Financial Services Regulation
  • General Insurance
  • Property Appraisal
  • Real Estate Finance and Funding
  • Technical Analysis

Placements and internships

A key part of a Cass degree is the opportunity to gain professional work experience.  
BSc Investment & Financial Risk Management undergraduates are eligible to undertake an optional one-year paid work placement during the 3rd year of a 4 year sandwich degree programme.

The experience of working for a leading institution can be invaluable in terms of your future career. It will enable you to acquire skills and competencies sought by graduate employers, and give you an edge over the competition.

BSc Investment & Financial Risk Management students enjoy a wide range of opportunities in business areas such as Sales & Trading, Hedge Funds, Prime Brokerage, and Equity Research.  Students have recently taken up placements within many leading corporate organisations including:

  • Morgan Stanley
  • Goldman Sachs
  • Union Bancaire Privée
  • Walt Disney
  • AXA Investment Managers.

Our reputation, achievements and successful graduates have helped us to develop close relationships with a diverse range of companies, who recognise that Cass students can add significant value to their workforce.

Our dedicated Placement team are in regular contact with these and many more companies, and will support students throughout the work experience process.

Although this additional year is not credited and will not count towards your degree classification, it is a recognised part of the degree programme and will be endorsed on your final degree certificate.

Testimonial 

BSc (Hons) Investment and Financial Risk Management graduate Rajiv Shah undertake a placement at Lloyds Banking Group.

Study abroad

International study opportunities

In today's global business environment, international exposure gives you a vital edge in the employment market. As part of the BSc Investment and Financial Risk Management course,  a period of study abroad is an excellent opportunity to enhance your education with an international dimension.

Cass Business School gives you the opportunity to spend a year or a term studying at one of our partner institutions. This could be in Canada, Hong Kong, Singapore, the US, South Korea or Europe.

Available study abroad programme structures and partner institutions

Replacement 2nd Year Abroad

You can spend the second- year of your three- year degree course studying abroad at one of our partner institutions.

During your time abroad you will cover all core material of your second year Cass programme, taking equivalent courses at the host institution. Teaching is in English, but subjects are taught from a different perspective.  Elective modules will enable you to focus on the specialist areas of the partner institution, or the business practice of the country in which you are studying. You can study at one of our partner universities listed below:


Country

Host institution (Replacement 2nd Year, Investment & Financial Risk Management)

Australia

Queenland University of Technology 

Based in Brisbane, QUT Business School has held triple crown accreditation since 2005. Courses combine theory with practical experience.

Canada

Queen's University, Kingston, Ontario

With a history dating back to 1841, Queen's has long enjoyed a reputation as Canada's "Ivy League" university and is consistently ranked among Canada's very best universities. It is the only Canadian business school to be consistently ranked among the world's top 30 business schools by Bloomberg BusinessWeek.

Sauder School of Business, University of British Columbia

UBC is one of Canada's leading research universities and is consistently ranked in the top 40 of the world. Located 30 minutes from the heart of down-town Vancouver it attracts students from more than 140 countries world-wide.

Hong Kong

Chinese University of Hong Kong

CUHK is ranked seventh in the QS Asian University Rankings 2013.The 137 hectare campus overlooking Tolo Harbour houses a range of facilities such as world-class libraries, art museums, music halls, a swimming pool, sports fields, tennis courts, squash courts, a water sports centre and gymnasiums.

University of Hong Kong (HKU)

HKU is ranked second in the QS Asian University Rankings 2013 and is ranked 43rd in the world ranked universities (Times Higher Education World University Rankings 2013/14).

Hong Kong University of Science & Technology (HKUST)

HKUST is ranked first in the QS Asian University Rankings 2013. HKUST Business School was the first school in Asia to be awarded dual accreditation by AACSB and EQUIS. It offers 10 undergraduate business programmes.

Italy

Bocconi University, Milan

Based in Milan, Bocconi is a triple accredited school (EQUIS, AMBA and AACSB) and is ranked 8th in the European Business School Rankings 2013.

Singapore

Singapore Management University

SMU was founded in 2000 by the government of Singapore, modelling itself on an American style university structure. SMU has over 180 exchange partner universities around the world.

Spain

IE Business School (Madrid and Segovia)

Situated in the heart of Madrid's financial district, IE Business School is ranked 1st in Europe (FT European Business School rankings 2013)

United States

Goizueta Business School, Emory University, Atlanta

Located in Atlanta, Emory University Goizueta Business School's BBA programme currently ranks at No. 7 by Bloomberg BusinessWeek and at No. 13 in U.S. News & World Report

Robert H. Smith School of Business, University of Maryland

Located in College Park, eight miles from The White House and downtown Washington, D.C. you will be studying at the Robert H. Smith School of Business whose undergraduate programme was ranked number 18 in the USA (2014 U.S. News & Report, 2013).

Sandwich Year Abroad

You can spend a year of your degree course studying at one of our partner institutions, between your second and third year of study. This would add a year to your degree and you would complete your degree in four years.

Teaching here can be in the relevant native language which would require appropriate foreign language skills. However most host universities are now offering an increasing number of courses taught in English and in Singapore all teaching will be in English.

You can also choose to combine your study overseas with a work placement, which involves spending six months studying and the remaining six months working. You would be expected to organise your own placement, although some of our partner schools may be able to help you.

This additional year of study does not form a part of your degree, however you will need to spend the full year studying and pass all assessments. Your degree certificate will state 'with Study Abroad'. The partner university will also provide you with a transcript of the modules you have studied there.

Country
Host institution (Sandwich Year, Banking and International Finance)
Argentina

Universidad Agentina de la Empresa

Australia

Queensland University of Technology

Based in Brisbane, QUT Business School has held triple crown accreditation since 2005. Courses combine theory with practical experience.

RMIT, Melbourne

RMIT is based in Melbourne city, Australia. It is a QS 5-star university, which is the highest possible rating.

Canada

HEC, Montreal

Like Cass, HEC is triple accredited (EQUIS, AMBA and AACSB) and was the first school in North America to achieve this. There are opportunities to study in French or English.

Queen's University

Queen's School of Business has a rich history dating back to 1841 and is consistently ranked as one of Canada's leading universities. It welcomes over 300 exchange students every year from more than 40 countries.

Richard Ivey School of Business, University of Western Ontario

Ranked in the top 100 for Financial Times MBA Rankings, Ivey provides a competitive combination of world-class teaching and modern facilities.

France

ESCP Europe, Paris

Like Cass, ESCP is triple accredited (EQUIS, AMBA and AACSB) The Paris campus is located in the centre of the city. The Masters in Management, from which you will take classes, is currently ranked 3rd in the Financial Times rankings.

Grenoble School of Management

Grenoble holds the triple crown of business accreditation. You will study modules from their Bachelor in International Business (taught in English).

ESSEC Business School

Established in 1907, ESSEC is one of the leading institutions in Europe for business education. Their BBA was the first programme in France to receive the prestigious AACSB and EQUIS accreditations.

ESC Rennes School of Business

Located in the capital of Britanny, ESC Rennes has both AACSB and AMBA accreditation. You can study business modules in English or French.

Germany

University of Mannheim

University of Mannheim - The University of Mannheim Business School is highly ranked and has an excellent reputation. You will be studying modules from their Bachelor degrees in Business Administration and Business Education in either German or English.

Technische Universität Münchcn, Munich

TU Munich is ranked in the top 100 world universities (Times Higher Education World University Rankings 2013/14).

Italy

LUISS Guido Carli, Rome

LUISS Guido Carli is a private Italian university located in the heart of Rome. You are able to study in either Italian or English and there is an intensive Italian language course available before the start of term.

The Netherlands

Rotterdam School of Management, Erasmus University

RSM is consistently ranked in the top 10 business schools in Europe and has 'triple crown' accreditation (AACSB, AMBA and EQUIS). You will study all modules in English.

Norway

BI Norwegian School of Management, Oslo

Located in the business district in Oslo, BI is EQUIS accredited. It is a self-owned, not-for-profit foundation whose sole focus is education and research.

Singapore

National University of Singapore

NUS is ranked 2nd in the QS Asian University Rankings 2013 and is one of the top 50 world ranked universities (Times Higher Education World University Rankings 2013/14). More than 1,000 exchange students visit NUS each year.

Nanyang Technological University

Nanyang is ranked 76th in the Times Higher Education's World University Rankings. You will have the chance to study at one of Asia's most prestigious universities in the heart of Singapore.

Spain

Pompeu Fabra, Barcelona

The UPF campus is located in the heart of Barcelona. You would be taking classes from the Faculty of Economics and Business Sciences where delivery is in English, Spanish or Catalan.

Korea

Seoul National University

Ranked 44 in the World University Rankings 2013/14, SNU was founded in 1946 as the first national university of Korea. SNU Business School was also the first business school in Korea to be certified by the Associate to Advanced Collegiate Schools of Business (AACSB).

Hong Kong

Chinese University of Hong Kong

CUHK is ranked seventh in the QS Asian University Rankings 2013. The 137 hectare campus overlooking Tolo Harbour houses a range of facilities such as world-class libraries, art museums, music halls, a swimming pool, sports fields, tennis courts, squash courts, a water sports centre and gymnasiums.

USA

University of Illinois, Urbana Champaign, College of Business

Set amidst the rural Midwest a couple of hours from Chicago, UIUC's College of Business is ranked amongst the top 10 of public institutions of higher education in the US.

Accreditation

The BSc Investment and Financial Risk Management provides exemption from some of the professional examinations of the following professional bodies:

Entry requirements

Qualification Requirement
'A' level AAA
BTEC Level 3 Extended Diploma Distinction Distinction Distinction (must have at least grade A GCSE maths)
IB 35 points overall including 6 in all Higher Level subjects and 5 in all Standard Level subjects. Consideration will be given to 1 bonus point.

In addition we also ask for the following GCSE requirement:

  • GCSE Mathematics (grade B)
  • English Language (grade C) or equivalent

If you are studying General Studies, Critical Thinking or a native language 'A' level, these subjects will not be included in any offer condition.

International students

We accept a wide range of international and other UK qualifications at Cass.

If you do not qualify for direct entry, INTO City University London offers an International Foundation programme. Successful completion to the required standard of the International Foundation Programme in Business and Economics with Accounting at INTO City University London means guaranteed progression to this degree. Please note, there are limitations on the number of places available on undergraduate courses offered by Cass Business School at City University London.

English language requirements

If your first language is not English, we will require evidence of English language proficiency.  Minimum requirements are:

Qualification Requirement
IELTS 6.5 with a minimum of 6 in any unit
TOEFL 100 internet-based total with a minimum of 23 in all sub-tests
GCSE English language grade C

View further information about the minimum acceptable English language requirements for Tier 4 students.


English Language Programmes

If you need to improve your English language skills before you enter this course, our partner, INTO City University London offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree. Please click the links below for more information.

English for Undergraduate Study

Pre-sessional English

Application and fees

All applications should be made through UCAS, the Universities and Colleges Admissions Service. Applications are made via Apply, UCAS's online application system.

Institution code: C60 (Cass Business School and City University London)
Course code: N390

You can find more information at UCAS and in the UCAS Handbook.

More information about applying to Cass

Fees 2015/16

  • UK/EU students: £9,000 per annum
  • Non-EU international students: £15,300 per annum

Your career after Cass

The majority of graduates from this course enter challenging and rewarding careers in the investment and risk management field as well as in the fund management industry.

Graduates keen to transfer their specialist quantitative modelling techniques take up front-office roles such as trading, bonds and stocks, while others are employed in market risk management and fund management or with regulators such as the Bank of England and the Financial Conduct Authority.

Recent employers also include:

  • Barclays Capital
  • BNP Paribas, Citi
  • Credit Suisse Group
  • Deutsche Bank
  • Morgan Stanley
  • RBS.

See what are our BSc (Hons) in Investment and Financial Risk Management graduates are doing six months after completion of the course.

In fact, out of the graduates who are in employment six months after the course, 95% are in a professional or managerial role. Furthermore the average salary is £27,000 whilst the average for similar courses is £25,000 (Unistats) highlighting Cass Business School's reputation for outstanding graduates.

Studying Investment & Financial Risk Management at Cass will give you a fantastic start to your career and open up a variety of career options within the financial sector.