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The award
MSc

How long you will study
12 months

Domestic course fees
GBP 28000 per year

How you will study
full-time

Course starts
September

International course fees
find out

All study options

About Finance at City, University of London

Overview

Who is it for?

You are ambitious to succeed in the finance field, in a career that might encompass anything from hedge funds to investment banking. Your strong quantitative skills give you an ideal starting point as you begin to investigate the mechanisms that drive finance across different industries.

Your interest in finance is matched by your desire to establish yourself in this highly competitive marketplace where pressure and risk accompany job satisfaction and financial rewards.

Objectives

This is your opportunity to deepen your knowledge of finance. You kick off with a term of foundation modules that cement your understanding of finance, corporate finance, accounting and econometrics.

You build on that core knowledge with a term where you tailor the course to your own subject preferences. You can choose to specialise in either finance or corporate finance, or to remain broad to acquire an all-round, post-graduate qualification in finance.

Flexibility is built into the programme through a comprehensive elective offering including a number of optional overseas electives in locations such as New York, Singapore & Dubai.

You'll be based within a stone's throw of the City of London, giving your studies a uniquely practical orientation with regular teaching from senior bankers and finance professionals and unparalleled opportunities for networking

Structure

What will you learn

  • Acquire a comprehensive grasp of the principles and applications of finance
  • Develop your range of technical and conceptual skills
  • Gain broad experience of quantitative techniques
  • Develop your understanding of a wide range of financial issues across all industry sectors
  • Network with your peers and senior finance industry professionals in the City of London
  • Gain a highly valuable international, multicultural perspective
  • Acquire a flexible qualification suitable for a wide range of roles in global finance.

Term 1

Core modules:

  • Corporate Finance and Valuation

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The aim of this course is to introduce you to the field of corporate finance. This is achieved by familiarising you with the core theoretical principles and equipping you with the basic and most commonly used practical finance tools. The material covered in this course is crucial for professional work in the area of corporate finance as well as for further study of more advanced or specialised corporate finance-related courses. It is relevant for financial officers, economists, investment bankers, analysts and other decision makers.

  • Financial Reporting

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The aim of the course is to provide you with an understanding of the principles and practices of accounting, the characteristics and limitations of accounting data. The course will make it possible for you to:

    • Prepare and interpret financial statements
    • Comment on accounting policies and to discuss its implication for the financial performance of the business
    • Use accounting information to assess the financial situation of a company.
  • Research Methods for Finance Professionals

    • 10 credits
    • 3 x 3 hour lectures over the ten week term
    • 52 hours self directed study over the ten week term

    Strong research is a key element of development strategy for companies and institutions large and small. This module aims to provide a grounding in financial research, particularly financial modelling and information gathering, which you will be able to use to support your learning on the rest of your course.

  • Statistics in Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    Finance theory often makes convenient assumptions that facilitate predictions. However, some of those assumptions may be questionable in practice. A good grounding in Statistics will enable you to formulate and estimate econometric models that can be used to develop empirical tests for such assumptions. The development of empirical models that are coherent with stylised facts, in turn, indicates directions in which financial theory can be improved. To facilitate efficient analysis of financial data, a variety of statistical methods are introduced as a necessary tool in today's information-driven financial landscape.

  • Theory of Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The aim of this module is to provide you with an understanding of the structure and functioning of capital markets, an appreciation of the valuation methods for securities and to introduce the principles of portfolio theory.

Term 2

Core modules:

  • Asset Management

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The aim of this module is to provide you with an understanding of the structure and functioning of the asset management industry and to develop the principles of portfolio theory relevant to professional fund managers.

  • Derivatives and Risk Management

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    This course examines derivatives, which are a key part of modern finance. An understanding of how they are structured, priced and used to hedge financial risks is vital for those considering careers in equity, fixed income or currency portfolio management or trading.

Elective modules (two of the following):

  • Advanced Corporate Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The aim of this course is to develop an understanding of modern corporate finance so that the corporate manager, the investment banker and the financial analyst will have the conceptual foundations for making informed corporate assessments of key financial decisions. The course puts significant emphasis on the interactions between capital markets and the value of the underlying real assets.

  • Fixed Income

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The overwhelming majority of all financing is raised in the form of fixed income instruments. Understanding such instruments is therefore key for all aspects of modern financial practice, whether they relate to fund raising, risk management or investment and speculation. Starting from an assumption of minimal existing knowledge, the module provides a unified way to think about the theoretical and practical issues related to fixed income instruments. It introduces some of the main fixed income instruments and explains their practical relevance to asset managers, treasurers, investment bankers, financial analysts, traders and other professionals who work in financial markets.

  • International Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    In recent years there has been a trend towards globalisation. That has impacted on all financial decisions and has necessitated the understanding of international financial markets.

Term 3

You may choose from the three options in your final term.

  • Option 1: Students can opt to write a 10,000 word business research project (40 credits) and take one specialist elective module (1 x 10 credits).
  • Option 2: Students can take two core modules and three elective modules (5 x 10 credits).
  • Option 3: Students can opt to write a 3,000-5,000 words Applied Research Project (20 credits) and take three specialist elective modules.

Core modules

  • Mergers and Acquisitions

  • Trading and Market Microstructure (taught in Paris)

    This module focuses on two key things (i) the mechanisms by which securities are traded in modern financial markets and the implications of trading mechanisms for the efficiency and liquidity of markets and (ii) the design of quantitative and algorithmic trading systems. It touches on all major asset classes (equities, FX, bonds and derivatives) and examines both theoretical and practical trading scenarios. It aims to prepare you for work which would involve quantitative trading or trade quality evaluation or for graduate work in this area.

    This module will be delivered in Paris in partnership with the University of Paris-Dauphine as a block module.

Projects

  • Business Research Project

    It is important for aspiring professionals to demonstrate, on an individual basis, their ability to apply concepts and techniques they have learned in an in-depth study of a topic of their choice and to organise their findings in a report, all conducted within a given time limit.

    To train you to undertake individual research and provide you with an opportunity to specialise in a contemporary business or finance topic related to your future career aspirations.

    You are required to submit a project of approximately 10,000 words on any subject area covered in the rest of the programme. Typical projects can involve any of the following: extracting data from electronic databases or by hand; statistical analysis of large or small populations; interviews; case studies of an industry or a sector or of a business / finance issue in a particular country setting.

  • Applied Research Project

    The aim of this module is to enable you to demonstrate how to integrate your learning in core and elective modules and then apply this to the formulation and completion of an applied research project. You will be required to demonstrate the skills and knowledge that you have acquired throughout your MSc study.

    You will undertake a short piece of applied research on a question of academic and/or practical relevance. Guidelines will be provided in order to help you identify the research question. Based on your chosen topic, you must write a report of around 3,000–5,000 words that summarises and critically evaluates your method and your findings.

See the MSc in Finance programme specification

Assessment methodsTerm datesAssessment methods

Assessment methods

Assessment

We review all our courses regularly to keep them up-to-date on issues of both theory and practice.

To satisfy the requirements of the degree course students must complete:

  • eight core courses (15 credits each) and two additional core modules plus three electives (10 credits each)

or

  • three electives (10 credits each) and an Applied Research Project (20 credits)

or

  • one elective (10 credits) and a Business Research Project (40 credits)

Assessment of modules on the MSc in Finance, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.

Induction Weeks

The MSc in Finance course starts with two compulsory induction weeks, including:

  • An introduction to the Cass Careers offering with a focus on key skills and attributes that employers are looking for.  The annual MSc Careers Fair at this time also provides the opportunity to meet over 60 companies who are recruiting across many sectors including finance, energy, insurance, real estate, shipping, strategic management and internal auditing.
  • a refresher course of basic financial mathematics, statistics, computing and electronic databases.
Term dates

Term dates

Term dates 2018/19

In-Person ID-Checks (all students must attend): Commences 17 September 2018

Compulsory Induction: 18 - 29 September 2018

Term I
1 October 2018 - 7 December 2018
Term I exams
7 January 2019 - 18 January 2019

Term II
21 January 2019 - 29 March 2019
Term II exams
22 April 2019 - 3 May 2019

Term III
6 May 2019 - 28 June 2019
Term III exams
1 July 2019 - 12 July 2019

Resit period
Students who are required to resit an examination or invigilated test  will do so in the period:
12 - 30 August 2019

Submission deadline for Business Research Project or Applied Research Project 
1 September 2019

Official Course End Date
30 September 2019

Application

How to apply

Documents required for decision-making

  • Transcript/interim transcript
  • Current module list if still studying
  • CV
  • Personal statement (500-600 words)

Documents which may follow at a later date

  • IELTS/GMAT result
  • Confirmation of professional qualification examinations/exemptions/passes, if applicable
  • Two references
  • Work experience is not a requirement of this course
  • For a successful application to receive an unconditional status all documents must be verified, so an original or certified copy of the degree transcript must be sent by post to Specialist Masters Programme Office, 106 Bunhill Row, London, EC1Y 8TZ, UK

We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.

Individual Appointments

If you would like to visit us to discuss your application please do arrange an individual appointment.

Entry requirementsGMATEnglish language requirementsEntry requirements

Entry requirements

A UK upper second class degree or above, or the equivalent from an overseas institution.

Some level of previous study or evidence of skills in finance or quantitative methods is essential.

GMAT

GMAT

Highly recommended.

A well-balanced score in the range of 600-800 will significantly strengthen your application.

English language requirements

English language requirements

If you have been studying in the UK for the last three years it is unlikely that you will have to take the test.

If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.

IELTS

The required IELTS level is an average of 7.0 with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.

Read more

Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.

Career pathways

Graduates from the MSc in Finance move into a diverse range of financial sector careers: investment banking, securities sales and trading, foreign exchange, hedge funds, private banking, credit products, financial and credit risk management and consultancy.

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardMScHow you will studyFull-timeHow long you will study12 months
    Course startsSeptemberDomestic course feesGBP 28000 per yearInternational course fees find out

Notes about fees for this course

UK/EU/International

£28,000 Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase limited by the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).

Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the in-person ID–checks.)
Second installment: Half fees (paid in January following start of course)

Information about Scholarships

Entry requirements

Contact City, University of London to find course entry requirements.

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