1. 2014 Entry
  2. 2015 Entry

Overview

The BSc (Hons) Investment & Financial Risk Management is unique in the UK, as the syllabus covers both the internal aspects of financial institutions and the external factors that affect the markets.

The degree provides an in-depth understanding of the theoretical foundations that underpin modern investment and risk management techniques. You will acquire a sound knowledge of how to apply these techniques to equity markets, asset and portfolio management, bond trading, security analysis, derivatives hedging, investment banking, hedge funds and many other areas relating to global financial markets.

The BSc (Hons) in Investment & Financial Risk Management 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.

The City loves Cass graduates: 83% of our students go straight into graduate jobs (Unistats). Employers like the fact that Cass graduates are equipped for the workplace, know the language of business and are keen to get on with the job.

Course content

Year 1

The first year 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.

Seven or 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
  • Introduction to Python
  • Introduction to Real Estate Investment
  • Life Insurance & Pensions
  • 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 two electives)

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

Elective modules - choose two from:

  • Advanced Financial Accounting
  • Advanced Financial Economics
  • 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 Accounting Theory
  • 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 Business School degree is the opportunity to gain professional experience working for a leading organisation. All Cass students are eligible to take either a short-term internship or a one-year placement programme as part of your degree.

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

Cass Business School fully prepares you for these placements, with a dedicated Placements Office to help you with CVs, interview techniques and tips on how to make a winning application.

Demand for skilled risk management students is high and continues to grow. Many BSc (Hons) Investment & Financial Risk Management students gain placements in global banks in London and abroad, as well as with financial regulators and hedge funds. Typically, placement students will be involved in all aspects of risk management, identifying and analysing areas of potential risk which can threaten a company's assets and success.

Current placement students are employed at UBS, HSBC, Goldman Sachs and GE Money, and other leading banking and finance institutions.

Study abroad

International study opportunities

In today's global business environment, international exposure gives you a vital edge in the employment market. 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)

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.

Hong Kong

Chinese University of Hong Kong

CUHK is ranked fifth in the QS Asian University Rankings 2011.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 2011 and is one of the top 40 world ranked universities (Times Higher Education World University Rankings 2011/12).

Hong Kong University of Science & Technology (HKUST)

HKUST is ranked first in the QS Asian University Rankings 2011. 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 7th in the European Business School Rankings 2011.

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.

United States

Emory University, Atlanta

Located in Atlanta, Emory University Goizueta Business School's BBA programme currently ranks at No. 3 by Bloomberg BusinessWeek and at No. 12 in U.S. News & World Report

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, Investment & Financial Risk Management)

Austria

Universität Wien, Vienna

The University of Vienna was founded in 1365 and is the oldest university in the German-speaking world. You will be studying classes in the Faculty of Business, Economics and Statistics.

Canada

HEC, Montréal

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.

University of British Columbia, Vancouver

UBC was ranked 22nd in the Times Higher Education World Rankings 2012. Their Sauder School of Business is accredited by EQUIS and AACSB.

France


ESCP Europe, Paris

Like Cass, ESCP is triple accredited by 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.

Germany


Technische Universität Berlin, Berlin

Located in the capital of Germany, you will need appropriate German language skills to study here and will take classes from the School of Economics and Management.

Technische Universität Münchcn, Munich

TU Munich is ranked in the top 100 world universities (Times Higher Education World University Rankings 2011/12).

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 3rd in the QS Asian University Rankings 2011 and is one of the top 40 world ranked universities (Times Higher Education World University Rankings 2011/12). More than 1,000 exchange students visit NUS each year.

Spain


Pompeu Fabra, Barcelona

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

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 2012)

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 NND Distinction Distinction Distinction
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 A) or
  • GCSE Mathematics (grade B) only if you are studying Chemistry, Physics, Accounting or Economics at A level.
  • 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 & 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.


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 2014/15

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

Start date

Pre-sessional Mathematics: 10 September 2014

Induction / Welcome Week: 22 September 2014

Autumn term: 29 September 2014

Your career after Cass

The majority of BSc (Hons) Investment & Financial Risk Management graduates enter challenging and rewarding careers in risk management. People who are 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 Financial Services Authority.

Average starting salaries for Cass graduates in this field are £35,000 (accurate as of January 2013) and recent employers include Barclays Capital, BNP Paribas, Morgan Stanley and RBS.