This degree programme prepares students for entry into the fast growing and exciting investment industry. It provides a practical knowledge of portfolio management and quantitative finance, together with an applied set of courses looking at industry structure and trends. Students benefit from professional guest speakers drawn from the heart of the global investment industry in the City of London, only a short distance away.
During the course you will develop expertise in a range of specialised areas such as trading strategies, portfolio and fund management, alternative and responsible investments, ethics in investment management and risk management, among others. You will also have the opportunity to apply this knowledge in practice through the use of simulations, case studies and take part in the portfolio management challenge designed for MSc Investment Management students.
Integral to the academic course is the parallel study of the Chartered Financial Analyst® (CFA® ) programme, level 1. The two programmes support and reinforce the other, ensuring that graduates acquire both the academic and professional knowledge and qualifications required to succeed in the investment management industry.
The tuition for this programme includes the candidate’s registration in the June CFA Level I exam that is written just after the end of the academic year. The tuition also includes substantial CFA teaching outside of the academic teaching.
The ICMA Centre is a CFA University Affiliate; this is in recognition that this degree covers at least 70% of the CFA Program Candidate Body of Knowledge, the CFA Institute Ethical and Professional Standards, and other requirements.
October – December: Part 1 Autumn Term
January: Part 1 Exams
January-April: Part 2 Spring Term
May – June: Part 2 Exams
June – August (12 month programme only): Part 3
August/Sep (12 month programme only): Part 3 Coursework deadlines
Part 1 compulsory modules
Part 2 compulsory modules
Part 2 optional modules
Students on the 9-month (12-month) programme can select 50 (30) credits from the following modules:
Part 3 optional modules
Students on the 12-months programme should take 20 credits from the following:
Full-time: 9 months Full-time: 12 months
Students will be resident and undertake full-time study in the UK. Under both, the 9 and 12-month programmes students take compulsory and/or elective modules in Part 2.
The 12 month option involves taking an elective 20 credit module between July and August, which would also mean a 20 credit reduction in the number of taught modules taken in the spring term.
After completion, our graduates are qualified to work in a variety of investment functions, including as portfolio managers, hedge fund managers and traders, within a diverse range of organisations such as investment banks, regulators, fund management firms and consultants.
The wide recognition of the programme contributes to the majority of our graduates securing employment offers within 6 months of graduation.
CFA Level 1
Studied alongside the degree.
The ICMA Centre is a Chartered Institute of Securities and Investment (CISI)
Centre of Excellence. Centres of Excellence are a select group of UK universities, recognised by the CISI as offering leadership in academic education on financial markets. Students who are on a financially-related masters course recognised by the CISI are eligible for exemptions and membership.
ICMA Centre students who register and successfully complete two CISI Diploma in Capital Markets modules (Securities and Bonds & Fixed Interest Markets) are eligible for an exemption from the third module (Financial Markets).
ICMA Fixed Income Certificate
To obtain the requisite knowledge to pass the rigorous FIC exam, students are required to take the ICMA Centre Fixed Income Cash and Derivatives Markets module at Part 2. In order to receive the FIC certificate, students will need to register and pass the FIC exam through ICMA.
Finance and investment management is a major growth area with careers and business often attracting very high salaries and bonuses. Aberdeen is well known for its expertise in these two areas and it offers two complementary disciplines offering you the opportunity to take the leading professional finance qualification, CFA level 1, during the course. If you do not wish to take the CFA exam there is an alternative research-based programme.
This programme allows you to convert to Finance and Investment Management from any undergraduate degree discipline in just one year. The university offers you market-leading financial databases (the Thomson-Reuters Eikon suite) to support both the teaching and the individual study.
Designed to enable you to prosper in what is a complex and competitive and continually changing market place or to prepare for further study if that is your career aim. More information about the CFA Institute and the CFA program can be found at cfainstitute.org/programs/cfaprogram/Pages/index.aspx
Issues in Corporate Finance
Empirical Methods in Financial Research
Financial Analysis and Markets
Professional Finance (CFA study and exam)
Find out more detail by visiting the programme web page
Finance and Investment Management (without CFA 1)
Finance and Investment Management (with CFA 1)
Find out about fees:
*Please be advised that some programmes have different tuition fees from those listed above and that some programmes also have additional costs.
View all funding options on our funding database via the programme page
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Find out more about living in Aberdeen:
This programme is attuned to the current needs of investment and finance professionals: it combines a rigorous theoretical approach to investment management with the practical tools and opportunities to solve real-life investment problems.
You will learn the analytical, decision-making, problem-solving, risk mitigation and technical financial skills needed to succeed in the field. On graduation, you will have mastered each stage of the investment management process and be able to make informed decisions within that context.
Our compulsory modules deliver a fundamental understanding of investment management concepts, while optional modules allow you to tailor your learning based on your interests or career path. We also incorporate use of our Bloomberg Lab into the programme and you should obtain a Bloomberg Market Competency certificate during their studies.
As the focus of the programme is to prepare you for a career in investment the use of Bloomberg is incorporated into the programme. There is also an opportunity to undertake a preparation course for CFA Level 1 exams once Semester 2 teaching has finished.
This programme is studied full-time over one academic year. It consists of eight taught modules and a dissertation.
Example module listing
The following modules are indicative, reflecting the information available at the time of publication. Please note that not all modules described are compulsory and may be subject to teaching availability and/or student demand.
The need for an Investment Management programme arises from the continuing global demand for professionals working in the fields of investment management, investment banking, pension funds, insurance companies and alternative investment partnerships (such as hedge funds, private equity and sovereign wealth funds).
The aim of the programme is to provide students with the array of skills required to operate successfully in an investment management or investment analysis role within the finance industry or to pursue further academic study within the subject area.
The programme will provide a high quality education that is current, intellectually rigorous and attuned to the needs of investment and finance professionals. It provides the theoretical underpinning and the practical skills that such professionals need in order to cope with an increasingly complex global financial environment.
It also provides a valuable foundation for those considering continuing their academic studies in the field of applied finance, accounting and banking to PhD level. The programme provides students with a basis for developing their own approach to learning and personal development through a combination of compulsory and optional modules that are united by a focus on dialogue between theory and practice.
The compulsory modules provide a rigorous grounding in theory plus the quantitative techniques necessary to undertake empirical investigations and form balanced evaluations of practice. The optional modules offer students the opportunity to focus their study and to specialise in areas that are of particular interest to them and their future career needs.
Graduates of the programme will obtain the skills that enable them to function as an investment professional or to develop independent academic research. These include:
Students will also gain a wide range of technical financial skills as part of their understanding the investment process (the method by which a universe of potential investments is filtered to result in a final portfolio of investment holdings which reflect investment objectives).
They will also able to evaluate investment performance against a peer group or an investment benchmark such as an appropriate stock market or bond market index.
Personal Development Planning (PDP) has recently been introduced at postgraduate level and is available through a PDP area in SurreyLearn.
We encourage you to take full advantage of the wide range of materials and courses available to help develop your personal skills portfolio, ranging from academic writing training through to CV preparation and presentation skills.
Course-specific personal development is incorporated via Bloomberg competency certification and preparation for Level 1 Chartered Financial Analyst (CFA) exams.
We often give our students the opportunity to acquire international experience during their degrees by taking advantage of our exchange agreements with overseas universities.
In addition to the hugely enjoyable and satisfying experience, time spent abroad adds a distinctive element to your CV.
Learn more about opportunities that might be available for this particular programme by using our student exchanges search tool.
Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).