The ICMA Centre’s financial engineering degree is highly respected by quantitative analysts and their employers. The credit crunch and subsequent events have emphasised the need to develop better pricing and better hedging models for all complex products. The practical and quantitative skills that you will develop on the programme will equip you to meet this challenge.
Our compulsory modules provide a firm grounding in probability theory, stochastic calculus, derivatives pricing, quantitative and numerical methods, structuring products, volatility analysis, and the modelling of credit, equity, foreign exchange and interest rate derivatives. We also provide a thorough training in C++ and other programming tools.
Optional modules will allow you to focus on risk analysis, portfolio management, designing trading strategies or econometric analysis. This newly structured degree aims to further enhance the strong reputation of its precursor – the MSc in Financial Engineering and Quantitative Analysis, which was established back in 1999. A good background in mathematics is required for acceptance to this programme (see entry requirements below).
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 40 (20) 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.
Many of our financial engineering graduates are now working as Quants in large London banks and other financial institutions. Others have pursued PhDs and have successful academic careers. Financial instruments are becoming ever more sophisticated, so graduates that understand complex modelling techniques are always in great demand. The high quantitative content of this programme opens many doors to a wide range of careers. You could structure and develop new debt or equity solutions to meet clients funding and hedging needs, or you could become a proprietary trader in exotic derivatives, or a software specialist or a quantitative analyst supporting the traders.
There are excellent opportunities on the buy-side, with hedge funds and investment institutions, as well as in investment banking and in software analytics. Opportunities in quantitative research, or with a rating agency, are among the many other attractive alternatives. Outside of mainstream banking and investment, you might also consider firms involved in commodity and energy trading, or the treasury divisions of leading multinationals and management consultancies.
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.
Investing in an MSc Finance adds up to a great career and you gain valuable quantitative skills that are in high demand by employers. A dissertation, focusing on empirical research, allows you to explore your chosen area of interest in detail, and you are supported throughout by our high-calibre staff.
Recent graduates have accepted positions in the City, with the `Big 4' global financial services firms, major world banks and financial institutions.
We have teamed up with Kaplan Schweser to facilitate student preparation for the CFA exams.
Trading BootCamp Week
Together with Amplify Trading , a global financial trading and training firm, we offer a week long Trading BootCamp for MSc Accounting, MSc Accounting and Finance, MSc Finance and MSc Quantitative Finance course students.
The Finance Zone
Worshipful Company of International Bankers Affiliation
Our accounting and finance division courses are now affiliated with the Worshipful Company of International Bankers (WCIB). Every year the best dissertation out of the following four courses will receive the WCIB Prize worth £300.
The winner will also enter the competition for the prestigious WCIB Lombard Prize .
Assessment is by a combination of group assessment and presentations, course work, assignments and examinations. The dissertation normally ranges between 30 and 50 double spaced pages.
During the course you will be taking 180 credits in all. The eight taught modules during semester one and two total 120 credits and consists of both compulsory and optional taught units which can be viewed in the list below.
Over the summer period, you will carry out your Research Dissertation, worth 60 credits. Examples of recent Finance dissertation project topics include:
Masters scholarships for Accounting and Finance programmes for UK/EU students
We are delighted to be able to offer five scholarships available across the four Accounting and Finance programmes with a value of £10,000 towards the cost of the tuition fee. The scholarships will be awarded in line with our scholarship deadlines so early application is advisable. Find out more>>.
Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: [email protected]
The course provides training for a research degree and general training for those who wish to take up specialist positions in Finance (such as a Financial Analyst) or those who wish to subsequently pursue a research and/or an academic career via a PhD in Finance.
The course conforms to the present ESRC guidelines for Masters degrees and has ESRC recognition as a postgraduate training year in preparation for undertaking a PhD.
The course has partnership with the Chartered Financial Analyst Institute.
This course is aimed at students with a strong interest in financial trading in integrated financial markets. It addresses the needs of students who are looking to pursue a career in global financial trading and related fields, such as financial analysis.
You will focus on trading and the behaviour of global financial markets through the use of an on-campus simulated Trading Floor, which provides practical exposure and hands-on experience in the art of trading. This course explores the principles of equity trading and evaluation, bond trading and financial derivatives. In addition, you will gain career-ready business skills sought after by employers, including teamwork, communication, presentation and leadership skills.
By successfully completing this course you will not only gain a master's qualification, but also be prepared for the Financial Information Associate Certificate, which is recognised by the world’s leading financial information companies. You will be taught by industry-trained academics and practitioners, including some who are chartered accountants, chartered financial analysts and financial risk managers. In addition, you will also have an opportunity to gain industry experience through field trips. Previous trips have included visits to New York, the Bank of England and London Stock Exchange.
• Ethics and Quantitative Methods
• Understanding Financial Reporting and Analysis
• Trading Economics
• Global Financial Markets
• Valuation of Equity and Fixed Income
• Stochastic Finance
• Computational and Algorithmic Trading
• Empirical Finance and Accounting Research Methods
• Financial Derivatives Trading
• Consulting Project
• Entrepreneurship Project
MSc Global Financial Trading has start dates in January and October 2018.
Coventry University London is delighted to have recently launched a number of scholarships to UK and International students. You can find out more about our Scholarships by viewing our website.
“I had a fantastic experience at Coventry University London, studying with passionate and dedicated teachers, and an employability team always available to offer advice and support to help secure jobs and internships.” - Agathe Silvagni, France, Data Analyst at Bloomberg
As well as advanced study of accounting and finance, MSc Accounting and Finance will enable you to explore related areas such as audit, corporate governance and taxation. This combination will prepare you for a wide range of roles in accountancy and beyond.
MSc Accounting and Finance is one of Southampton Business School's most popular degrees. It offers a blend of modules that will deepen your knowledge of finance and accounting but also enable you to explore related areas such as international corporate governance, audit and corporate social responsibility.
Unlike many other accounting and finance masters courses, MSc Accounting and Finance also includes a module on international taxation, adding an extra dimension to your studies. This combination will open the door to a wide range of roles when you graduate – you may choose to go into accounting but you’ll have plenty of other career options too.
Our modules are directly informed by our academics’ research expertise and professional experience, and guest speakers from leading accounting, insurance and finance firms will further enrich your learning.
In semester one you’ll take a number of compulsory modules, covering equity markets, management accounting and financial accounting. You’ll also choose one optional module that will allow you to look at an area of interest in more depth.
Unusually for a masters course of this type, the options include an International Accounting and Taxation module. This explores the importance of a country’s social, economic, legal and political environment in determining the nature of its tax regulations, the challenges of harmonising accounting practices, and the impact of tax issues on company behaviours. Other options cover topics such as financial reporting and markets, accounting and society and international corporate governance.
In semester two you’ll take your management accounting and financial accounting studies to a more advanced level. You’ll also study corporate finance and take a module on research in accounting and finance. This will prepare you to undertake independent study for your dissertation.
You’ll graduate from MSc Accounting and Finance with skills and knowledge that will be attractive to a wide range of employers. You may choose to work in accounting, audit, internal control, financial analysis, consultancy or insurance, or become a financial advisor or financial analyst. Or you could become a trainee chartered accountant and take further professional accounting qualifications. The course is also excellent preparation for research at PhD level in an accounting, finance or a related field.
Our graduates have gone on to work for the following organisations, in roles including auditor, trainee chartered accountant, financial analyst, management consultant, insurance underwriter and financial controller:
The demand for highly skilled experts in financial economics continues to increase rapidly in the modern economy. This demand exists in the public sector (central banks, international organisations, academic institutions) and especially in the private sector (commercial banks and insurance companies). This course is designed to meet this demand for those students who seek a quantitative degree in financial economics, by combining a solid training in microeconomic and macroeconomic principles, as well as the quantitative methods and theory needed for the analysis of financial markets.
Financial Economics is a fascinating area, having a history marked by outstanding achievements. A remarkable feature of this discipline is that its theoretical highlights (such as the Black-Scholes formula) turned out to be extremely important in practice. Fundamental ideas and tools of Financial Economics that were developed at the interface between Mathematical Economics and Finance created new markets essentially based on concepts suggested by academics. A central goal of the course is to demonstrate the use of these ideas and tools in contexts where they are indispensable and widely exploited. The course will expose students to quantitative techniques and theory that will be useful to anyone in the financial industry - a portfolio manager, risk management consultant, or financial analyst.
Quantitative methods preparation for the MSc
1. Please visit our Introduction to Quantitative Methods in Economics website where you will find information about the minimum level of knowledge of mathematics and statistics that you should possess from your current or previous training.
2. On the same website, please look at the details and content of our Introduction course on Quantitative Methods in Economics which builds on the knowledge resumed in (1) and which is designed to equip you with further technical skills that you will require before starting the MSc. You are strongly advised to attend this course which is offered, free of charge. The course will run during induction week and we recommend that you spend some time between July 1 and September studying and familiarising yourself with the course material on the website, especially if you might not be able to attend the course. The significance of this course is illustrated by the fact that the obtained marks contribute 10% to the final marks of the Maths Methods and Econometrics compulsory units of semester 1.
IMPORTANT NOTE ON PART-TIME STUDY
Part-time students complete the full-time programme over two years. There are NO evening or weekend course units available on the part-time programme.
You must first check the schedule of the compulsory modules and then select your optional modules to suit your requirements.
Updated timetable information will be available from mid-August and you will have the opportunity to discuss your module choices during induction week with your Course Director
Assessment is usually by written examination at the end of each semester in which a course unit is taught. Some units may require a course work element that may be assessed. Progression to the summer dissertation element requires completion of the taught element at least at the pass-level.
The program offers four core units in Semester 1 (Macroeconomics, Microeconomics, Econometric Methods, Mathematical Methods in Economic Analysis) and in Semester 2 three core units (Mathematical Finance, Financial Economics, Financial Econometrics or Applied Macroeconometrics orCross Section Econometrics) plus one optional module from a list of choices (eg, Monetary Economics, Public Economics, and Economic Growth). Such modules as Mathematical Finance and Financial Economics not only contain the material which is a recognised classic in the field, but also reflect new trends in the area (eg elements of Behavioural Economics and Finance).
Employment opportunities for students in Financial Economics are traditionally very good. The high reputation of The University of Manchester, and especially its Economics division having rich historical traditions, will serve as an excellent recommendation for job applicants. The high-quality training obtained in the course of the study within the MSc in Financial Economics Programme will facilitate the future career of those who have got this degree.
Our Master's will set your career path by helping you prepare for professional qualifications within the investment sector. It also covers the key theoretical areas of finance and investment analysis.
This degree has a strong focus on developing the analytical skills needed in the finance industry. You will be taught by academics who have recent experience as practitioners in the field as well as relevant research expertise.
You will study financial markets and products, investment management, financial analysis and valuation, and financial econometrics. You will also carry out a research project focusing on data analysis of financial markets.
Our Master's finance suite of programmes has a typical intake of over 80 students with over 30 nationalities. This provides you with an excellent opportunity to exchange viewpoints on global financial impacts with peers from around the world.
Greenwich is one of the top two most globally diverse universities in the UK, US, Australia and New Zealand, by Hotcourses Diversity Index.
We have also been named as one of the "most international" universities on the planet by Times Higher Education magazine.
Our degree will enhance your employability skills through its professional recognition: the MSc Finance and Investment has been accepted into the Chartered Financial Analyst (CFA) Institute University Recognition Program. The CFA Institute exams are considered the gold standard for measuring competency and integrity in investment professionals.
Our accounting and finance subjects at the University of Greenwich are ranked:
This degree aims to:
Students are required to study the following compulsory courses.
Students are required to study the following compulsory courses.
Students are required to choose 30 credits from this list of options.
Students are required to study the following compulsory courses.
Students are required to choose 60 credits from this list of options.
Students are assessed through:
MSc Finance and Investment has been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree program incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams.
Graduates can pursue careers in investment and financial analysis such as investment management, corporate finance, financial management or consulting. Graduates who go on to gain the CFA Institute's Chartered Financial Analyst status will be in great demand in many areas of business and finance.
We have developed strong relations with companies in the financial centres in London, including in the City, Canary Wharf, and Fenchurch Street. This offers you networking, mentoring and internship opportunities, making it a perfect location to develop your career.
You can also reach out to top employers through our dedicated Business School Employability Office (BSEO). Our team focuses on developing your employment skills through CV support, interview skills workshops and guidance through mentors to progress in the industry. This includes the opportunity to network with employers and recruiters at career fairs.
The BSEO team was shortlisted for the Times Higher Education Leadership and Management Awards; which shows their dedication to actively support career development.
We encourage you to join societies such as the Trading and Investment Society and take part in student competitions like the UK Trading Challenge. We are proud that our team of first year Greenwich students won the competition, beating teams from many other universities.