- Course content
- Teaching staff
- Entry requirements
- Tuition fees and term dates
- Career opportunities
The MSc in Investment Management is founded on three principles: academic rigor, 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.
The course is a Chartered Financial Analyst Institute (CFA) Programme Partner and is accredited by the Chartered Institute of Securities & Investment (CISI) and the Chartered Alternative Investment Analysts Association (CAIA). Please see the Accreditations tab for more information on how you can benefit from these partnerships.
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.
Students on the MSc in Investment Management and the MSc in Corporate Finance are able to apply for an additional year's study at LUISS or Bocconi University in Italy. Two places are available at each school every year. Students are selected on the basis of their term one results at Cass and a short essay.
International elective modules may also be available in term three.
'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 Christine Woolley
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
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
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 Institute, the global association of investment professionals, recognises the rigour and the relevance of the MSc Investment Management 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 Investment Management 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 wil be able to apply for an exemption from the CISI Diploma.
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.
Chartered Insurance Institute (CII)
Graduates of the MSc in Investment Management will be eligible to apply for the following:
- General Insurance qualifications framework
60 non specific credits at Advanced Diploma level
- Financial Services qualifications framework
AF4 Investment Planning (30 credits at Advanced Diploma level)
30 non specific credits at Advanced Diploma Level
Documents required for decision-making
- Transcript/interim transcript
- Current module list if still studying
- Personal statement (500-600 words)
Documents which may follow at a later date
- IELTS/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
- Two references
- Work experience is not a requirement of this course
- 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
We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.
The entry requirements for the MSc Investment Management are as follows:
- A UK 2.1 or above, or the equivalent from an overseas institution.
- Some level of previous study or evidence of skills in finance or quantitative methods is essential.
Applicants will need to submit two references, one of which MUST be an academic reference.
- If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
- If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.
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.
Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.
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
Work experience is not a requirement, but please provide details of relevant experience that might enhance your profile. This information will be included in your CV which is required with all applications.
Tuition fees and term dates
Tuition fees 2016/7
Application fee: Nil
Tuition fees: £25,000 Currency Converter
Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)
First instalment: Half fees less deposit (to be paid at registration)
Second instalment: Half fees (paid in January following start 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
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 of the MSc in Investment Management class of 2014 shows that 70.7% of graduates are now either in work (64%) or not job seeking as they are in further study, military service etc. (6.7%)
Some examples of where graduates from the MSc in Investment Management class of 2014 are working are:
- HSBC - Analyst
- Moody's Investors Service - Graduate Analyst
- Lloyds Banking Group - Credit Risk Analyst
You can also view results from our 2014 Graduate Destination Survey (pdf).