A powerful blend of academic rigour and vocational insight, the MSc in Finance and Investment will add considerably to the knowledge of those looking to further their career in this vital sector. This programme was ranked 30th in the world by the Financial Times in 2015.
Designed to provide students with a specialist education in finance and investment. It will give a global perspective on investment markets and asset classes, provide practical knowledge on the processes and mechanics underlying investment, and build on students' existing numerical skills so that they are able to understand and practice investment-related mathematics.
This programme is divided into three blocks. During the first term (Sep-Dec) students will take part in induction events and partake core courses. During the second term (Jan-May) students will have a chance to explore option courses and will have the chance to take a Masterclass in Frankfurt. In the third term (Jun-Aug) students will write their final dissertation.
The School's location in the UK's second largest financial centre allows us to attract visiting speakers from the key financial institutions, fund managers and analysts. Indeed, the course was founded with the financial and practical support of major industry players, including Citigroup, Martin Currie and Baillie Gifford.
Our strong connection to industry is exemplified by our work in the Centre for Financial Markets Research and the Credit Research Centre. Bringing together leading academics and practitioners, the centres are a keen theatre of debate, creating new ideas for both the theoretical study and practical application of credit, finance and investment.
Entrance to our MSc programmes is strongly competitive. You can increase your chances of a successful application by exceeding the minimum programme requirements.
You will need a UK first-class or 2:1 honours degree from a good university in one of the subjects below, or an equivalent overseas qualification.
An undergraduate degree in finance, accounting or economics is normally required. Applicants with an Honours degree in a non-related subject will also be considered, but will need to demonstrate a high standard of ability and motivation for the programme.
The programme offers a blend of skills and knowledge relevant to professional investment in practice, combined with engagement with academic research.
Students will learn about corporate finance, global financial markets, financial accounting statements, derivatives, portfolio management, investment analysis and investment mathematics. They will also learn about the use of software and sources of information in investment and risk management.
How to estimate the fair value for an investment, to test assumptions and sensitivities and to compare different investments are explored in depth. Students will also gain an understanding of the role of different asset classes, their behaviour in isolation and in relation to other asset classes, and an understanding of how portfolios of investments can be constructed and analysed.
Students will develop:
- Critical analysis – an ability to assimilate new knowledge in the field of finance and investment (and to analyse the information gained) and the operations and methods used in the financial sector.
- Research skills – an ability to identify and define pertinent research questions, to review the relevant literature, to define a proper methodology and to conduct research in the context of data analysis or other suitable methods.
- Discipline – a major difficulty in investment is removing emotion from the decision-making process. Research in behavioural finance shows that the desire of investors to follow consensus, and the ease with which they can misinterpret data, are obstacles to sound decision making. The programme will seek to imbue students with the discipline required to make good investment decisions.
- Analytical and numerical skills – an ability to analyse and solve investment problems, to handle large volumes of numerical data, to extract and manipulate relevant data in a meaningful manner, and to analyse accounting information.
Students will develop:
- An understanding of investment and risk-management tools and databases such as Datastream, Osiris, WRDS and ThomsonOne Banker, through use of such products and demonstrations of their output and capabilities.
- An understanding of industry practice in risk management and general techniques such as value-at-risk and optimisation.
- An ability to understand, speak and write the language of finance and investment. An ability to analyse financial statements of companies, to evaluate earnings quality and firm performance.
- An understanding of analytical and problem-solving methods through the use of techniques such as discounted cash flow analysis, quadratic programming, sensitivity analysis, scenario analysis and Monte Carlo Simulation.
- An understanding of risk and its applicability beyond investment.
- A knowledge of the nature and findings of academic enquiry in the areas of finance and investment.
Students will develop an:
- Ability to understand, assess and present complex lines of argument.
- Ability to work individually and with others in teams, often under time pressure.
- Ability to communicate clearly on paper and in presentations.
- Enhanced numerical skills and fluency in spreadsheet use, developed through problem solving in quantitative courses within the programme.
This school offers programs in:
Last updated September 24, 2015