Who is it for?
You’re ambitious to pursue a career in business. As a student on the summer school you’ll be able to expand your experience, enhance your qualifications and test out life at a business school.
Over a single summer, our intensive modules are designed to boost your skills in specific areas of finance, with modules appropriate for current undergraduate students, prospective MSc students and those already working in industry.
The Cass London Summer School is your chance to study a credit-bearing graduate/postgraduate module in an intensive block format, while making the most of London as a global destination.
Enrol on the Cass London Summer School and you’ll gain invaluable insights into key business disciplines, with all teaching based in our modern postgraduate facility on the doorstep of the City of London and London's Tech City. You’ll also benefit from a social programme that includes welcome drinks and networking events. We’ve designed the teaching schedule to give you the chance to explore this great city, and those nearby, at weekends.
- Acquire key financial skills on introductory modules covering finance and quantitative methods; ideal if you have no previous exposure to finance
- Study specialist modules including hedge funds and fund management, computational finance, risk, shipping markets, and mergers and acquisitions. To enrol on these modules, you require some previous academic or practical exposure to finance.
- Work with members of the Cass finance faculty, one of the largest and most respected in the world
- Network with a diverse group of fellow students in one of the most dynamic and cosmopolitan cities in the world
- Gain a short-form exposure to the types and styles of learning available to you at Cass business school.
Introduction to Finance
This short summer programme is designed to give students exposure to the key issues in modern finance. It begins by introducing the language of finance, describing the structure of financial markets and detailing the roles played by financial intermediaries. The introductory finance course proceeds to analyse how companies make their financing choices (for example, how they decide which investment projects to undertake) before going on to discuss how financial securities (e.g. bonds and stocks) may be valued.
The course is intensive yet rewarding and the ideal introduction to finance for people from a wide range of professional experience or academic backgrounds.
The course will cover fundamental financial terminology as well as providing you with the skills to perform basic valuation calculations and to evaluate financing choices.
Introduction to Quantitative Methods
Finance, both academic and practical, is a quantitative subject. Risk managers use data and statistical techniques to evaluate portfolios, investors must estimate the expected returns and risk contributions of potential investments and traders wish to forecast future movements in the levels of stock, bond and foreign exchange markets. Understanding the fundamentals of statistics, mathematics and econometrics is thus vital to a successful career in finance and is also necessary for all students wishing to study for an MSc level award in finance.
The Introduction to Quantitative Methods course is designed to equip students with essential statistical and mathematical tools. You will become familiar with the language of mathematics and statistics, and will cover important fields such as linear algebra, calculus, probability, inference and linear regression. The module is designed to enable you to understand the core language of mathematics and statistics, and to be able to apply the concepts to practical problems in business and finance. Thus this is not just a theory course; it also provides students with hands on experience of working with, manipulating and understanding financial data.
Introduction to Quantitative methods is taught by Professor Richard Payne, an empirical finance researcher with a background in quantitative research, both in academia and as a quantitative equity trader.
Mergers and Acquisitions
Mergers and acquisitions are major form of corporate activity with important and wide ranging implications for firm managers, employees, customers and investors. The M&A module will provide you with a detailed understanding of the financial issues surrounding M&A activity, within a strategic context and from an international perspective. Students will complete the module with not only an understanding of the blend of strategic and financial implications thrown up by M&A activity, but more importantly with a full recognition of the impact of corporate restructurings on organisations and people. The course will cover topics related to the motivation for deals, determinants of the success of deals, deal valuation and post-merge integration.
The M&A course is taught by Professor Scott Moeller, Director of the Cass Mergers and Acquisitions Research Centre and an ex M&A practitioner, together with other faculty from the business school.
Shipping Markets and Finance
Shipping is a very important sector of the world economy. The aim of the module is to provide an overview of the fundamentals of shipping markets and describe the operating and investment practices of modern shipping companies. The main aims are:
- To examine in depth the fundamentals of shipping investment
- To equip students with the analytical tools and skills for making shipping investment and finance decisions
- Understand how revenue is earned by shipping companies
- Understand the importance of the industry's cost structure and the necessity for cost minimisation
- Understand the risks involved in a shipping project and how these can be managed
Computational Finance and Modelling
Financial modelling is a skill that helps you build a finance career. This module will equip you with an understanding of the most important methods in computational finance and, in particular, their implementation using Excel. These include optimal portfolio construction, calculation of the efficient frontier, dynamic portfolio management, asset price modelling, optimised volatility and correlation estimation, risk measurement and forecasting, Monte Carlo simulation and scenario generation, and pricing of financial derivatives. You will gain an insight into financial data, processing them by means of instructor-led demonstrations and Excel-based exercises for the participants, interpreting results, and performing model validation.
The course is suitable for students with some prior finance knowledge, basic mathematical skills and some familiarity with probability distributions. Basic understanding of Excel is also recommended. Building on these, you will learn how to implement various financial models and become competent in using Excel to this end. The module is well-suited for prospective entrants to the finance industry in areas such as quantitative analysis, investment analysis, financial and real asset research, portfolio construction and management, credit risk research, but also students with an interest in further studies (at Cass or other top UK universities) in quantitative finance, financial engineering and mathematical finance.
Computational Finance & Financial Modelling is co-delivered by Dr Ioannis Kyriakou, a researcher with interest in stochastic asset modelling and numerical methods in finance, and Dr Panos Pouliasis, who will share with you his expertise in energy/commodities finance.
Hedge Funds and the Asset Management Industry
The purpose of this module is to provide an in-depth study of the fund management industry, with a particular focus on hedge funds. The module will begin with an overview of the world of fund management and a discussion of the features of the mutual fund industry. There will be a focus on active versus passive fund management and measuring mutual fund performance. The module will then proceed to give an overview of the hedge fund industry, its organisation and structure and the reasons for this structure.
You will undertake a study of the 10 major hedge fund strategies paying particular attention to the risks underlying these strategies. You will be introduced to the key issues involved in constructing portfolios of hedge funds as well as incorporating hedge funds into a traditional portfolio. For all topics you will be provided with both the academic and practitioner perspective.
Sessions will comprise:
- formal lectures
- illustrative examples
- mini case studies
- group discussion.
Students will also be expected to engage in a number of hours of independent learning which will be supported through our Moodle Virtual Learning Environment. These sessions are demanding but highly rewarding.
Introduction to Finance
- Aneel Keswani completed his PhD at London Business School, and worked as an economist for a commodities research company . Aneel taught at both LSE and Lancaster University before coming to Cass, and has also consulted for various investment banks. His main research area is fund management and he is a Director of the Centre for Asset Management Research at Cass.
- Sonia Falconieri joined the faculty of Finance at Cass in September 2009. Her research interests are in Corporate Finance; specifically she has been working on Initial Public Offerings, Takeovers and the financing side of Public Private Partnerships among others. Her articles have been published in some major journals such as the JEEA, the Review of Finance and Financial Management.
Introduction to Quantitative Methods
- Professor Richard Payne is an empirical finance researcher with a background in quantitative research, both in academia and as a quantitative equity trader.
Mergers & Acquisitions
- Professor Scott Moeller, is the Director of the Cass Mergers and Acquisitions Research Centre and an ex M&A practitioner. M&A is taught by Scott and a team comprising Anh Tran, Naaguesh Appadu and Valeriya Vitkova.
Shipping Markets & Finance
- Nikos Nomikos commenced his career at the Baltic Exchange as Senior Market Analyst where he was responsible for the development of the shipping indices that are currently used in the market as pricing benchmarks. For the last 10 years he has been with the Faculty of Finance at Cass Business School, where he is also the Director of the MSc course in Shipping, Trade and Finance.
- Nikos Papapostolou is a Senior Lecturer in Shipping Finance at the Costas Grammenos Centre for Shipping, Trade and Finance. He holds a BSc in Money, Banking and Finance from the University of Birmingham, an MSc in Shipping, Trade and Finance and a PhD in Finance from City, University of London. He is involved in Shipping Finance Executive training in collaboration with the Baltic Exchange and acts as a consultant to industry clients.
Computational Finance & Financial Modelling
- Ioannis Kyriakou is a Senior Lecturer at Cass. He holds a PhD in Finance. Previously he worked for Lloyd’s Treasury and Investment Management on Lloyd’s Investment Risk Model for measuring the market and credit risks under the Solvency II Directive. His teaching duties relate to Numerical Methods in Finance, Financial Derivatives, and Probability and Statistics.
- Panos Pouliasis is a Senior Lecturer in Energy/Commodities and Finance at Cass. He holds a PhD in Finance. He joined Cass originally as a researcher at The Costas Grammenos International Centre for Shipping, Trade and Finance. Currently, he is in the Faculty of Finance where he lectures on Finance, International Business and Financial Markets, Quantitative Methods, Commodity Derivatives and Structured Equity/Energy Derivatives.
Hedge Funds and the Asset Management Industry
- Dr Nick Motson joined the faculty of finance at Cass in 2008 following a 13 year career as a proprietary trader of interest rate derivatives in the City of London for various banks including First National Bank of Chicago, Industrial Bank of Japan and Wachovia Bank.
Nick teaches extensively at masters level on alternative investments, derivatives and structured products and in recognition of the quality of his teaching he was nominated for the Economist Intelligence Unit Business Professor of the Year Award in 2012.
As well as teaching and researching at Cass, Nick actively consults for numerous banks and hedge funds and has provided research or training clients including ABN Amro, Aon Hewitt, Barclays Wealth, BNP Paribas, FM Capital Partners, NewEdge, Societe Generale and Rosbank.
Dirk Nitzsche joined Cass Business School as a Senior Lecturer in Finance in October 2004. Before joining Cass he spent 6 years at the Business School at Imperial College, London, and three years on the faculty of the University of Newcastle.
Dirk has written numerous articles in refereed journals and has recently co-authored three textbooks in finance: ‘Investments: Spot and Derivative Markets’ (2nd edition, 2008), ‘Financial Engineering: Derivatives and Risk Management’ (2001) and ‘Quantitative Financial Economics’ (2nd edition, 2004). His research interests can broadly be described as asset pricing and efficiency of financial markets and recently he has studied the performance of unit trusts and hedge funds.
How to apply
Applications are now closed to international applicants requiring a short-term study visa to study at Cass Summer School
Applications for UK and EU students will close on 15th June 2018
Required supporting documents
- Transcript/interim transcript
- A Level (or equivalent) Results
- Personal statement (250 words) - Please ensure you state which module you wish to study.
- IELTS (if applicable)
Please upload the scanned copy of required documents to your online application form.
The Cass London Summer School is open to current undergraduates and recent graduates of any discipline. These are demanding modules so do please take a look at the module specifications before you decide which course is right for you.
City, University of London is not able to sponsor students under Tier 4 for the Summer School. Therefore, you may need to apply to come to the UK as a Student Visitor. Student visitors are allowed to come to the UK for a maximum period of 6 months. You cannot extend your stay beyond this period.
English language requirements
We require all Cass London Summer School students who have not studied a degree programme taught in English before to have an overall IELTS score of at least 6.5 overall (with a minimum of 6.5 in writing).
Alumni and current students of City, University of London are entitled to a 10% discount of tuition fees.
Offer holders who have accepted their offer and paid their deposit to study a Masters programme at Cass Business School commencing in September 2018 will also be entitled to a 10% discount.
The students of our partnership universities are entitled to 10% of summer school fees. To confirm if your university is part of the partnership scheme please contact the Cass Summer School Admissions Team.
Payments can be made online through the City online payment system. Fees are non-refundable.
Enrolling on a summer school course can develop an individual’s expertise and CV in various ways and in a short period of time. For example, those whose career progression is causing them to encounter finance for the first time might want to enhance their CV and their prospects by taking an Introduction to Finance course. Similarly a candidate with no undergraduate training in finance but a desire to do a finance-related MSc will benefit from our Introductory offerings e.g. Introduction to Quantitative Methods.
Finally, current and past students of finance may wish to enhance their knowledge of specialist areas of the discipline by enrolling on, for example, our Mergers and Acquisitions course or our Shipping Markets and Finance course. Thus the summer school facilitates both career progression and further study.
Cass Careers and Professional Development team will provide optional careers workshops and skills sessions that Summer School participants may attend if they wish.