Who is it for?
The MSc in Global Finance is a top quality Cass Master's programme, taught entirely online. It is designed to meet your needs if you:
- want to further your career in finance, without having to take a career break, relocate to London, or come to campus
- are based in the UK or anywhere in the world (no UK visa needed)
- are new to the industry, are experienced but wish to move to a different sector or just broaden your understanding of global finance.
Applications are open now for intakes in January, May and September 2018.
The course is designed to deliver the following benefits:
- Earn a master's degree from a leading global business school
- No relocation costs or visa requirements
- No need for a career break: continue working while you study at home, at work or on the move anywhere in the world
- Develop career-enhancing knowledge and practical skills
- Designed by top Cass faculty who are leaders in their fields
- High levels of academic and practical support
- Learn with other professionals from all over the globe
- All students are full members of the Cass community; on completing the degree you will be invited to graduation in London and will join our extensive Alumni network with a professional network in over 160 countries and lifelong benefits
- The academic standards, quality and resultant credential are exactly the same as our campus-based programmes.
Dean of Cass Business School, Marianne Lewis and faculty discuss the MSc in Global Finance
The course is designed so that you can manage the workload alongside your professional commitments.
Key features of the course include:
- 12 modules completed within 24 months
- Study one module at a time with each module running for seven weeks
- Breaks from study are taken every two modules to ensure the course is manageable around other commitments you might have
- Each module is designed to give you in-depth knowledge of the key areas of global finance today.
The first two modules give you a grounding of knowledge. This is built on over the following six modules, and the final four modules then give you specialist knowledge on global finance within various key industries.
Foundations of Finance
In this module students are introduced to some of the most important concepts in finance. Knowledge of these concepts and ideas are essential for any student of finance. Students will learn about the issues involved in measuring returns and risks for individual assets and for portfolios of assets.
They will also benchmark models of risk, such as CAPM and the important decisions surrounding the choice that a firm must make regarding its financial structure and dividend policy. These issues will arise in other modules in the programme and therefore constitute the foundations of the course.
Bond and Equity Analysis
This module provides the essential learning that you will require in any area of finance with regards to the main cash instruments. By teaching both fixed income and equity analysis in the same module you will appreciate the differences between the two generic asset classes, but also the similarities. The module will begin under the assumption of minimal existing knowledge, but will progress quickly to give you the necessary skills required to analyse these instruments.
The aim of this course is to introduce you to some of the latest developments in investment strategy. The majority of these new developments are rooted in academic research, as such, you will also become familiar with the theoretical underpinnings of these new strategies.
Financial Statement Analysis
This module introduces some principal quantitative methods for analysing data related to various aspects of running a business. In many instances, the application of quantitative methods may improve the quality of business decisions, by grounding those decisions in analyses of available data rather than the gut feelings or preferences of decision makers.
This course provides the student with an integrated view of international financial markets and the management of multinational firms. Students will study the markets for foreign exchange, currency forwards, options, swaps and international equities, studying how they operate and how the instruments traded in these markets are valued.
Derivatives and Risk Management
Although journalists might have you believe otherwise, derivative contracts are essential for the smooth operation of financial markets. However, because they have the potential to increase the volatility of financial markets, it is equally essential that students have an in depth understanding of how they work, how they are priced and how they are traded. In this course students will develop in depth knowledge of forwards, futures and swaps and their application in the management of risks.
The course covers a full range of the most important options and futures contracts including those traded on: stock indices, commodities and credit instruments. It has also been designed to complement the Fixed Income module that focuses on focuses fixed income derivatives.
Following the collapse of the world's equity markets between 2001 and 2003, many investors are investing in, or are thinking of investing in, less traditional asset classes as an alternative to equities.
The integration of these alternative asset classes into traditional investor portfolios is still at an early stage, leaving investment managers with significant challenges as they seek to satisfy investor demand for these alternatives. It is intended that this module will give students the background in commodities, hedge funds and private equity necessary for today's investment management industry.
Provides a thorough understanding of the key decisions companies are expected to make. Broadly speaking these are: investment decision, financing decision and dividend decision. These decisions are expected to lead to the maximisation of the wealth of the shareholders, but in practice a number of complications occur. The course provides a thorough understanding of the factors affecting these decisions.
This module aims to provide you with an insight into the major features of the banking business and to provide a framework for the understanding of the different types of banks and banking activities. The first part of this module will examine the changing characteristics of the banking industry.
We will examine in some detail the main businesses banks are involved in and see how these different activities fit within a bank’s overall portfolio. We will see how different banks are pursuing different models (universal banking vs. specialised banking).
In particular, the asset structure and revenue earning features of major commercial and investment banks will be examined. In addition, their cost and return features, together with recent developments in the industry will be outlined.
Provides a fundamental understanding of the structure and functioning of capital markets, the principles of investment decisions under risk and the optimal allocation among asset classes. The second part focuses on specific fund management issues related to applied asset pricing, active and passive management, tactical asset allocation, investment style, the impact of transaction costs, portfolio performance measurement and behavioural finance.
The Insurance Industry
Insurance economics has grown in importance to become a central theme in modern economics, providing not only practical examples to illustrate new theories, but also inspiring new ideas of relevance for the general economy. Today, higher-order risk attitudes play a central role in understanding how decisions are made by consumers and managers. The aim of this course is to provide a thorough understanding of insurance economics, the integration of risk and insurance theory and practice into the mainstream economic theory.
The module examines optimal decision-making within an insurance context; in particular, optimal insurance contract design under information asymmetry and moral hazard, and contemporary developments such as the economic analysis of insurance fraud.
Global Real Estate
Real estate (land and structures upon it) is the biggest global store of wealth, worth more than equity and bond markets combined. It is typically the largest asset owned by a household, and on the balance sheet of a company, and the most common form of collateral for loans.
It is therefore very difficult to pursue a career in business or finance without having to deal with real estate, whether that is through the true value of real estate on the balance sheet value of a target company in a merger, the credit risk of a bank with a large exposure to property loans, or the impact of property cycles on an emerging economy.
This module will equip you with knowledge of the most important aspects of real estate as an investment asset. For those who intend to work in general business and finance, it provides the basis to understand the real estate issues they are likely to encounter. For those who intend to specialise in real estate as investors, fund managers or lenders, the module will serve as the foundation for further development.
How you study online
We've developed our approach to ensure that Cass online learners need never feel isolated. You're just as much a part of Cass as you would be if you were on campus, and we support you each step of the way.
- Each module is broken down into convenient, weekly topics
- Each topic features video lectures made exclusively for this course together with online readings and materials, class discussions, activities where you test and apply your new knowledge in a practical context and webinars where you can ask questions and get feedback on your work
- Modules are taught by Cass faculty and Online Tutors who are on hand throughout to give you guidance and feedback
- Interact and learn with other online students around the world
- Each module is assessed by coursework which you receive and submit online – There is no need to travel for exams
- Our bespoke online interface is intuitive and easy to use - just log on and learn
- A dedicated Course Officer is on hand to help you with practical support
- Core readings and further resources are available through our online library portal
- Full access to all Cass and City University facilities should you be in London.
Each lead lecturer on an online module is a top Cass academic in their field. They will be a live presence throughout the modules they have developed so you will be learning directly from leading experts.
How to apply
All applications are submitted online. Before you apply, we suggest that you get in touch with John Morrissey, who is your dedicated Admissions Officer for the programme. John can walk you through the process and will help ensure you submit the best application possible.
We generally turn around submitted applications in a few days, as we know it’s important not to keep you waiting. Get in touch with John now on:
Tel: +44 (0) 207 040 3337
- An undergraduate degree in a relevant subject area equivalent to a UK 2.1 or higher
- Strong communication skills including a well-balanced IELTS score of 7.0 with no less than 6.5 in writing for applicants whose first language is not English
- University transcript and confirmation of professional qualifications
- Good levels of financial literacy and numeracy are essential, and some knowledge of the finance industry will be beneficial to your application.
There is no GMAT requirement for this course.
Fees are payable annually (e.g. two annual payments of £11,250 ) or you may choose to make annual fee payments in two instalments, meaning that you effectively pay for the course in four 25% instalments over the two years it takes to complete.
There are currently no scholarships available for this programme. Please contact the programme’s Admissions Officer John Morrissey if you have any questions.
The world of international finance, with its many career opportunities and continuous demand for sharper, brighter and more adaptable employees, is an attractive choice for many top-calibre candidates.
The Cass MSc in Global Finance has the potential to open up global career opportunities for you in a rapidly changing and ever more complex business environment, equipping you with a combination of high-level interpersonal skills, in-depth knowledge and analytical skills.
Does the degree carry the same academic weight as a campus based masters?
Yes. The MSc in Global Finance is the equal to our campus based programmes in every way. Our online students are taught by the same world-renowned faculty that deliver our full range of MSc programmes and students enjoy the same levels of academic and practical support that have allowed Cass to gain a reputation as one of the world’s leading business schools.
Will the certificate state that the degree is online?
No. The certificate will simply state that you have achieved the qualification. The method of delivery, be that campus based or online, is not mentioned on any degree certificate awarded by Cass.
Do I need to attend exams in London?
No. There is no requirement to come to London for exams. All assessment is completed via our online learning platform.
Can I use the Cass facilities?
Yes, students on the MSc Global Finance are full members of the Cass community and are free to enjoy the same access to University facilities as any of their campus based colleagues whenever they can.
How many hours a week will I study?
This is a rigorous and demanding online course, and you will need to schedule your time to allow you to view video lectures, complete learning activities, contribute to online discussions, communicate with your online tutors, and for independent study such as reading, reflection and working on assignments. The precise amount will vary depending on your prior knowledge and the topic at hand, but in a typical week you might study between 10 and 20 hours.