Finance and Investment
- Course content
- Teaching staff
- Entry requirements
- Tuition fees and term dates
- Career opportunities
Intake: September only
Duration: 18-24 months part-time
Fees: £25,000 (payable over two years)
Financial support: One scholarship worth £2,000 is available to a female applicant for 2016 intake. Please contact Kate Hodson for further details
Application deadline: None - rolling admissions for a September start
Next Information Session: Online: 1st June at 14.30
Applications: Now open
This part-time MSc course in Finance and Investment 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.
Please note this postgraduate programme is designed for candidates working full-time in the UK and we will be unable to sponsor overseas students for a student visa for this course.
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.
Leading MSc Finance and Investment part-time programme
The structure of the part-time Finance & Investment 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 MSc course is a Chartered Financial Analyst Institute (CFA) Partner Programme and is accredited by 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....
If you would like to arrange an individual appointment to discuss this programme please email Kate Hodson
We review all our Masters 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 & Investment postgraduate 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 and 2014 students took part in a Monetary Policy elective delivered in Singapore in partnership with Singapore Management University (SMU).
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
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
The teaching staff on the MSc in Finance & Investment part-time course 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 part-time programme 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 and Investment 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.
Documents required for decision-making
- Transcript/interim transcript
- Personal statement (500-600 words)
- Evidence of employment in the UK
Documents which may follow at a later date
- IELTS/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
- Two professional references
- 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
The entry requirements for the MSc Finance & Investment are as follows:
- 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.
Applicants will need to submit two professional references.
- If you have been working in the UK for at least three years it is unlikely that you will have to take the test
- Please contact the Admissions Officer for details.
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.
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
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.
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
Tuition fees and term dates
Tuition fees 2016/7
Application fee: Nil
Tuition fees: £25,000 (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 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
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 of the MSc in Finance & Investment class of 2014 shows that 95.3% of graduates are now in work.
Some examples of where graduates from the MSc in Finance & Investment class of 2014 are working are:
- AIG - Quantitative Analyst
- Dimension Fund Advisors - Investment Analyst
- JP Morgan Asset Management - Company Secretary
- OfCom - Manager, Satellite Frequency Coordination
You can also view data from our Graduate Destination Survey (pdf) from 2014
'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
At Cass, we are dedicated to all our students' future career prospects and during your part-time Masters study, you will be able to make use of our dedicated Careers Service.
The Career and Professional Development Team provide training, guidance, advice and support covering employability skills, CV workshops and careers guidance.
You will also be given the opportunity to attend careers fairs and company presentations from some of the world's leading global finance companies.