MSc Finance and Risk Management
The rising volatility of financial markets, sovereign debt crises, and geopolitical uncertainty, place significant demands on businesses and other organisations to adequately manage the potential impact of these risks on the strategic functions of the organisation – especially in its financial management.
Therefore, the demand for finance professionals with a competent grasp of risk management principles has never been greater. The programme seeks to accommodate talented graduates with a good first degree and a high level of academic ability, who would benefit from the unique skills and knowledge that the programme would give them – both from an employability perspective as well as in their self-development. The programme also aims to improve the skills of practicing professionals so that they are able to play a senior role in the areas of financial and risk management within organisations.
You will study:
- Corporate Financial Management
- Capital Markets and Decisions Under Risk
- Corporate Responsibility
- Financial Risk Management
- Managing Credit Risk
- Global Financial Crises
- Quantitative Modelling for Research
- Research Dissertation.
Capital Markets and Decisions Under Risk The module aims to develop the learner's financial decision-making skills under conditions of risk and uncertainty in the context of capital markets trading. With the aid of a simulator students will be given access to real-time price and volume data and asked to develop experimental trading systems that accounts for pertinent risk factors. They will then test their trading plans using real-time data and hypothetical scenario building. The module seeks to build the learner’s confidence in applying methodical approaches to making financial decisions under conditions of risk and incomplete information. Students will also gain knowledge of the structure and operation of capital markets.
Corporate Financial Management The module provides learners with a thorough grounding of the theories and techniques that underpin corporate finance. The rest of the course builds on the learning attained here. It will focus on advance issues in finance including money market securities, bond market and the yield curve, share markets, foreign exchange, derivatives, portfolio theory, efficient markets.
Corporate Responsibility Corporate Responsibility is concerned with developing an understanding of the nature of business ethics, corporate governance and social responsibility. It deals with the issues raised for achieving effective corporate performance through an organisation's ability to manage values and beliefs, it will also help you to formulate and apply norms and codes of ethical behaviour to operations and conduct.
Financial Risk Management The module covers relevant themes in Probability Theory and Value-at-Risk framework for assessing and managing market risk. It covers topics such as Value at Risk modelling, Application Equity and Forex markets, and Derivatives. Learners will also be trained in the building of computer models to model for risk.
Global Financial Crises The incidence of financial crises that trigger economic seismic waves both nationally and with international consequences is more frequent than people think. These extreme risk events tend to break down the normal assumptions of operational risk models. They can be subtle, developing over time; their cause may be inter-twined with other factors; however, their impact is almost always momentous. This module studies the characteristics of significant financial crises, including the banking crisis of 2008 to document the ‘anatomy’ of such events. Students are also introduced to the writings of respected thinkers in this field.
Managing Credit Risk This module aims to provide students with a strategic overview of credit risk management as it relates to financial and non-financial firms, and its relevance to the wider economy. Students will gain an understanding of the framework for the analysis of credit risk and will be introduced to credit risk modelling techniques.
Quantitative Modelling for Research This module gives students of finance a comprehensive training on conducting research at postgraduate level. This is a compulsory module that students take in preparation for their Research Dissertation.
Research Dissertation Writing the dissertation will provide students with the opportunity to demonstrate their mastery of a particular subject area by the completion of an extended piece of self-managed research. Each year, students will be given the opportunity to showcase their research to representatives from academia, industry and government at the University’s annual colloquium. Students whose dissertations are rated ‘excellent’ will have their dissertations published in the library and will also be given the opportunity to publish a journal paper based on their research. Entry criteria
Applicants must have a minimum of a 2.2 honours degree (or equivalent) in any discipline and demonstrate quantitative skills proficiency at least up to A Level Mathematics (or equivalent). Relevant work experience is also considered.
International entry criteria
IELTS 6.5 overall and a (UKBA required) minimum of 5.5 for each of the 4 individual components.
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