Who is it for?
If you’re working full-time in financial services and you want to gain a masters to turbocharge your career, this part-time course is perfect for you. This is a highly practical course that gives you a toolkit for success in areas such as portfolio management, security analysis, risk management, M&A or financial consultancy. We’ve developed the course in direct response to the needs of employers.
*This course is no longer running for 2018 entry
You already have demanding professional commitments. So we designed this course specifically to work alongside those calls on your time. You will meet on Tuesday and Thursday evenings in the City and benefit from a teaching and learning environment that fully complements the demands of your working life. Through a combination of lectures, case studies and group coursework you’ll learn the theories that underpin modern techniques in finance and investment as well as how to apply them. This is also a fantastic opportunity to expand your professional network.
In addition to the compulsory core modules we have built in as much flexibility as possible. So you get the option of tailoring the course to your individual needs. You can choose from a wide range of optional modules. And you have the opportunity to write a final-year research project that can be focused on either your current or future area of work.
- Acquire a comprehensive grasp of the principles and applications of finance.
- Develop your range of technical and conceptual skills. 3. Gain broad experience of quantitative techniques.
- Develop your understanding of a wide range of financial issues across all industry sectors.
- Network with your peers and senior finance industry professionals in the City of London.
- Gain a highly valuable international, multicultural perspective.
- Acquire a flexible qualification suitable for a wide range of roles in global finance.
Term one core modules:
Quantitative Methods for Finance
The QM module covers descriptive and inferential statistics with more emphasis on the latter. Regression analysis is covered. Optimisation techniques with applications are part of the module. Excel and Eviews are used, where possible, to demonstrate how the theoretical topics covered can be applied in practice using computers. The coursework part of the module aims to get you to combine economic/financial theory with QM techniques and Excel/Eviews to research an empirical problem.
Theory of Finance
The aim of this module is to provide you with the foundations of finance theory. This will be achieved through the development of a common vocabulary and a set of tools that will assist you in gaining a basic understanding of what the theory of modern finance and it will lay the foundations for the specialist course that follow.
Term two core modules:
The aim of the course is to develop an understanding of the cash securities which will enable you to understand how portfolio managers, corporate treasurers, investment bankers, financial analysts and traders use such securities in their various roles.
Financial Statement Analysis
Over the past 20 years investors have increasingly looked beyond traditional asset classes (stocks and bonds) to alternative asset classes as both a source of return and diversification. In this course, we will introduce you to two of these alternative asset classes, namely hedge funds and private equity, highlighting their pros and cons, and the role they can play in a diversified investment portfolio. This module will provide you with all the insights needed to make well-informed decisions with regard to today’s complex investment management environment.
Term one core modules
Financial Risk Management
Risk management plays an increasingly important role in the operation of financial institutions. Fluctuations in the prices of securities or other financial assets, loan losses or other credit problems, failures of processes can trigger failures of banks or other financial institutions. Even if failure is avoided shareholders are looking to see an appropriate trade-off of risk and return.
The main objective of the module is to give you a thorough understanding of the application of portfolio theory. The course will provide you with a unified approach to asset management and risk management. There will be practical simulations in portfolio construction and a thorough assessment of active, semi-active and passive investment strategies. The coursework will normally be based upon a web-based portfolio construction game so that you can gain practical experience of investing.
Term two core modules
This course will give you the tools necessary to understand alternative asset classes and to understand how they can be integrated into more traditional portfolios.
The aim of the course is to develop your understanding of structured products from the point of view of both issuers and investors. A strong emphasis will be placed on understanding the factors that drive the prices of forwards, options and swaps in both vanilla and exotic forms which will then be used to reverse engineer structured products. By the end of the course you should understand how existing products are structured, how they will perform in the secondary market and be capable of structuring your own products.
Option one: Research Methods for Finance Professionals plus 5 electives
Strong research is a key element of development strategy for companies and institutions large and small. This module aims to provide a grounding in financial research, particularly financial modelling and information gathering, which you will be able to use to support your learning on the rest of your course.
Option two: Business Research Project plus three electives
It is important for aspiring professionals to demonstrate, on an individual basis, their ability to apply concepts and techniques they have learned in an in-depth study of a topic of their choice and to organise their findings in a report, all conducted within a given time limit.
To train you to undertake individual research and provide you with an opportunity to specialise in a contemporary business or finance topic related to your future career aspirations.
You are required to submit a project of approximately 10,000 words on any subject area covered in the rest of the programme. Typical projects can involve any of the following: extracting data from electronic databases or by hand; statistical analysis of large or small populations; interviews; case studies of an industry or a sector or of a business / finance issue in a particular country setting.
We review all our courses regularly to keep them up-to-date on issues of both theory and practice.
To satisfy the requirements of the degree course students must complete:
- eight core courses (15 credits each)
- five electives (10 credits each)
- one elective (10 credits) and a Business Research Project (40 credits).
Assessment of modules on the MSc in Finance and Investment, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.
Induction to The Finance and Investment postgraduate course starts with an induction programme, mainly dedicated to a refresher course of basic financial mathematics, statistics, computing and electronic databases.
The teaching staff on the MSc in Finance and 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 and Investment.
How to apply
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
- A UK upper second class degree or above, or the equivalent from an overseas institution.
- Some level of previous study or evidence of skills in finance or quantitative methods is prefered
English language requirements
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.
Fees in each subsequent year of study (where applicable) will be subject to an annual increase limited by the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).
Deposit: £1,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)
Fees are charged per academic year as follows;
- Year 1 First instalment: 50% less deposit payable before or during registration Second instalment: 50% payable by 31 January following the start of the programme
- Year 2 First instalment: 50% payable before or during re-registration Second instalment: 50% payable by 31 January following the start of your second year
Upon completion of an MSc in Finance and Investment our graduates career pathways are wide and varied. Many stay with their current employer with some using the knowledge and skills they have obtained to better fulfil their existing role while others are changing role within the organisation, for example moving from back to middle office or middle to front office. For some students the MSc is the catalyst for a more radical career change, recent examples include a barrister who moved into reinsurance and an application developer who moved to being a quantitative equity analyst. Our graduates are employed in all areas of finance from equity analysis to portfolio management and compliance to risk management, recent employers include J.P. Morgan, The Bank of England, Dimensional Fund Advisors, Bloomberg, Deutsche bank, UBS, Investec and Legal & General.