Intake: September only
Duration: 18-24 months part-time
Financial support: Bursaries may be available - please contact your Admissions Officer
Application deadline: None - rolling admissions for a September start
This part-time MSc course is highly relevant to professionals already working in the financial services sector. In particular, it will be highly attractive to those looking to either extend the scope of their current responsibilities or to make a career change into an area such as portfolio management, security analysis, risk management, M & A, or financial consultancy.
The innovative structure allows students to tailor the core courses as well as the electives to their individual interests.
Students are offered the opportunity to take extra electives in the first year and complete the taught part of the degree in a shorter period. Please speak to the Admissions Officer for details.
The structure of the part-time programme is specifically designed to fit around the busy working lives of professionals working in the finance sector. It meets on Tuesday and Thursday evenings and offers a teaching and learning environment that fully complements the demands of working life*.
The course is also accredited by a number of professional bodies, including the Chartered Financial Analyst Institute (CFA) and the Chartered Institute of Securities & Investment (CISI). Please see the Accreditations tab for more information on how you can benefit from these partnerships.
*Students should note that some elective modules or additional tutorial workshops may take place outside of these times.
'The School is very career orientated. This comes through from the lecturers that teach here as well as the Careers Service'
Graham Taylor, MSc in Finance & Investment
Graham describes more of his experiences at Cass....
- Online: 8 April at 14.30 (GMT)
- On-campus: 17 April at 18.30
- London Finance Masterclass: 25 February (recording now available)
If you would like to arrange an individual appointment to discuss this programme please email firstname.lastname@example.org
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.
Induction to The Finance & Investments course starts with an induction programme, mainly dedicated to a refresher course of basic financial mathematics, statistics, computing and electronic databases.
All MSc in Finance & Investment students are given the opportunity to attend an international elective in the third term of year one and year two. In May 2013 students took part in a Monetary Policy elective delivered in Singapore in partnership with Singapore Management University (SMU). Full story.
This elective is an important networking opportunity given Singapore's huge financial importance. There's a possibility that we could be making money in this region or even working here which is why it's good to get to meet new contacts and exchange information and ideas.
Dominic Loureda, MSc in Finance and Investment
The teaching staff on the MSc in Finance & Investment 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 & Investment.
Other Module Leaders include:
- Prof. Keith Cuthbertson
- Prof. Richard Payne
- Dr. Elena Kalotychou
- Dr. Sotiris Staikouras
- Dr. Dirk Nitzsche
Teaching staff on Cass Talks
Some of the lecturing staff on the MSc in Finance & Investment have taken part in recent editions of Cass Talks.
Prof. Richard Payne discusses whether the computer-based trading industry should be regulated.
Prof. Richard Payne says short-sellers are not the villains some regulators make out
Dr. Dirk Nitzsche discusses the mutual fund industry and explains that success is often merely a matter of luck
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 Investment 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 Banking and International 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.
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 & Investment will also be eligible for the award of the CISI Diploma without having to take any of the CISI exams.
MSc Research Project
The project will be of approximately 8,000 words. This offers an opportunity to specialise in a contemporary finance topic related to students' 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. The majority of students on part time programmes complete a project in conjunction with their employer. A member of academic staff with expertise in the particular area the student wishes to research will be allocated to supervise the project. This is an excellent opportunity for students' employers to gain immediate benefit from their employee's studies.
Some recent projects:
- Aftermarket performance of BRIC IPOs
- Calibration of Jump Models
- An analysis into the effect of Age of Hedge Funds and their risk and return characteristics
- Behavioural Finance behind the Rationale of M&A transactions
- Using higher order moments in asset pricing models
- Do long/short term Hedge Fund Strategies outperform traditional long only strategies over time.
- Modelling tactical asset allocation decisions using a game based approach
- Arbitrage opportunities and intra-day trading models in the selected CEE economies
- Islamic finance and conventional corporate capital structure
- The relationship between dividend announcement and share price during the time of the recent financial crisis
- Analysis of Publicly Traded Private Equity
- How do firms react around the ex-split date - trend analysis in an emerging market
- Value investing in emerging markets
- Lead-lag relationships between asset classes
- Interest rate risk and the equity exposure of bank institutions
- An empirical investigation of the asset pricing theory: US stock market
- Identifying overvalued and undervalued securities using fundamental analysis
- Private Equity - backed delistings - The evidence from the UK AIM market
- Do multi-manager and fund-of-fund managers provide value for money for UK retail investors?
- An empirical study of the APT and the UK stock market
- Debenhams: A public to private buy-out study and its refloating 2003 -2006
- Skill or luck or high risk in hedge fund management
- Lag-lead relationship between spot and future markets
- Proposed changes to refulation of the UK banking industry
- Simulation of Tactical Asset Allocation for Equity Portfolios
- The reasons behind a number of AIM companies delisting from the market
Documents required for decision-making
- Transcript/interim transcript
- Personal statement (500-600 words)
- Evidence of employment
Documents also required (may follow at later date)
- IELTS/TOEFL/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
- Two professional references
To be accepted on to the Cass MSc in Finance and Investment 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.
The programme is designed for working professionals and students are expected to be in full time employment in the UK during the course of the programme. Most students on the course work in a financial role or for a financial services company. While this is not a requirement, a basic understanding of financial services is recommended. Candidates may be asked to attend an interview as part of the admissions process.
Applicants will need to submit two professional references.
Applicants to the MSc in Finance and Investment are encouraged to take the GMAT test. We look for a well-balanced score in the range of 600-800 and a good GMAT score will considerably strengthen your application. Please add the MSc programme at Cass Business School to your list of institutions, and then email us a scanned copy of your GMAT test result, so we can then access and verify your score results online as we no longer receive paper copies by post.
GMAT scores are valid for five years. Further information about GMAT, registration, fees and testing sites is available from www.gmac.com.
Our GMAT code is 2C2-R0-84.
'I work in the Financial Sales Department, where every day I have the opportunity to extend my practical experience. I decided that the part-time Masters would provide me with the solid theoretical background to increase the understanding of my clients' needs, as well as opening up new opportunities for me. I found the freedom the course offers particularly useful. By providing a wide selection of core modules and electives, I can tailor my degree towards my personal needs and career goals. I am also keen to take advantage of the fact I can finish my course within the shorter timeframe of 18 months.'
Anastasja Orlova, MSc in Finance and Investment, also works as a Private Client Account Executive for GFT Global Markets
It is essential that all students have an excellent command of English in order to participate fully in the collaborative learning process at Cass. We therefore require all students who have not previously studied in English to sit an IELTS or TOEFL exam. If you are not a native English speaker but have been working in the UK for the last three years it is unlikely you will need to take the test. Please contact the Admissions Officer for details.
If required, you will need 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.
Tuition fees and term dates
Tuition fees for 2014/15 entry
Application fee: Nil
Tuition fees: £24,000 (payable over two years) Currency Converter
Deposit: £1,000 (paid within 1 month of receiving offer)
First instalment: Quarter of fees less deposit (paid at registration)
Second instalment: Quarter of fees (paid in January following start of programme)
Third instalment: Quarter of fees less deposit (paid at registration of 2nd year)
Fourth instalment: Quarter of fees (paid in January following start 2nd year of programme)
Term dates 2014/15
This course is a part time course studied over 18 - 24 months.
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
At the end of your time at Cass, we aim to ensure that you have a highly regarded qualification - and a clear vision of where you want it to take you. Like many of our part time students, you may be using your MSc to enhance your prospects with your current employer. Or perhaps you see it as an opportunity to change your career direction. Either way, you can rest assured that our Careers Service will be there to advise and support you.
MSc in Finance & Investment Employability
Our Graduate Destination Survey (pdf) of last year's MSc in Finance & Investment cohort shows that 95% of graduates are now in work.
Some examples of where graduates from the MSc in Finance & Investment are working are:
- BNY Mellon - Asset Manager - Client Portfolio Manager
- Newton Investment Management - Investment Management - Senior Analyst
- Sumitomo Mitsui Banking Corporation - Structured Finance - Manager
- Bloomberg - Electronic Trading - Senior Account Manager
- Deutsche Bank AG - Emerging Markets, Global Structured Credit Exotics - Associate
*Based on 2012 survey respondents
'I chose to study the MSc to further my specific financial knowledge. I've enjoyed the aspects of the course which relate specifically to current business trends and issues and I have been able to focus on some specific finance and investment subjects which interested me the most. I am an ambitious person and my future goal is to utilise the skills and expertise gained at Cass to support a career change within the investment/wealth business area.'
Giedre Drake, MSc in Finance and Investment