In 2008 cataclysmic events shattered the world of Finance and caused shockwaves through the rest of the global economy. Some realised that change would be needed but none forecast that less than a decade on the sector would be so radically and irrevocably changed.
The new MSc in Economics and Finance has been designed to develop postgraduate students who are equipped academically to succeed in an increasingly complicated and challenging global workplace. When you graduate, you will leave as a professional economist, who is equipped for an academic career, but who crucially is also ready to use economic thinking in the world outside academia. Well qualified economists are in demand in government, industry and, obviously commerce.
All the Finance based Masters programmes within the School of Management have full access to the Financial Times online and the opportunity to learn and carry out practical work in our dedicated, state-of-the-art Bloomberg Financial Lab. The virtual financial platform allows you to access and engage with live market data by applying practical evaluation and financial modelling. The programme also offers you an opportunity to gain the Bloomberg certificate - Bloomberg Market Concepts (BMC), which is widely recognised in the banking and financial industry.
Learning & Teaching
You will be taught by academically qualified and enthusiastic staff with research and consultancy experience and links to industry. Your high-quality learning experience comprises lectures and discussions supported by group work, presentations, statistical computer labs and case studies. All modules are also supported by Moodle, the virtual learning environment.
There is a commonly shared spine within these programmes which overlaps with existing Masters level programmes within Cardiff School of Management. Consequently, students will, for some modules, be taught with students on the MBA and MSc Financial Management programmes. The teaching team consider this a strength of the portfolio.
Employability & Careers
The demand for highly skilled and knowledgeable finance professionals is now more global than ever before. No longer are London and New York the only homes for large multi-national international financial businesses and institutions. These potential employers are now additionally located in the Middle and Far- East and a postgraduate student is almost as likely to find their first job in Dubai, Bahrain or Shanghai as in the traditional centres.
This demand has been instrumental in designing this challenging suite of programmes. In order to maximise employability, the programme learning outcomes are geared towards supplying students with the knowledge, skills and understanding that the finance industry requires.
The programmes seek to meet individual and industry needs by developing students with higher-level cognitive skills and abilities who also possess an excellent practical understanding of "how to apply" rather than just "why it happens".
All the programmes have a 20 credit optional Professional Work Experience module which involves a minimum 4-week work placement to take place outside the teaching semesters. Students are expected to organise their own placement and all such placements must be substantive and at an appropriate level. These placements will involve “employer” input and must be approved by the Programme Director prior to commencement. Alternatively, students with appropriate managerial level experience within an appropriate field can apply for “Recognition of this Prior Experiential Learning”.
The School of Management has opportunities for successful graduates to apply for M.Phil./ PhD study within the School.
Entry Requirements & How to Apply
Applicants should meet one of the following:
Possess, or expect to obtain, an undergraduate degree or equivalent, in a relevant area (Accounting, Economics or Finance) with a minimum of a 2:2 classification. Students with a general Business Studies degree with a relevant pathway or substantive appropriate module coverage will be considered on a case by case basis;
Have a minimum of five years relevant work experience in the field of finance;
Hold a suitable professional qualification from an appropriate professional body. In some instances, those with higher level professional qualifications may be exempt from specific taught modules. Such exemptions would be discussed on a case by case basis with the Programme Director.
In general terms, graduates from non-financial disciplines will not normally have the pre-existing skills set to succeed on the programme BUT such students are welcome to apply and such applications will be viewed on an individual basis.