This course will appeal to you if you want to specialise in finance and economics – either immediately after completion of an undergraduate degree or as a mid-career professional.
Developed to meet the increasing demand for specialists in finance and economics, you will receive rigorous training in financial economics and mathematics. It combines solid education in economic theory with exposure to the field of finance through several specialised options. As a result, this MSc will help you prepare for a range of exciting career possibilities, in roles such as financial economist or quantitative analyst.
You have the option of studying full-time over the course of one year or part-time over the course of two.
The Financial Economics MSc aims to help you:
Should you with to pursue further study, the dissertation track can also serve as a stepping stone to an Economics or Finance PhD.
The Financial Economics MSc course is delivered through a flexible combination of lectures, seminars and computer lab sessions. Lectures introduce you to the key theories, concepts and economic models. In seminars, you have the opportunity to solve applied problems, analyse case studies and make presentations of research published in leading academic journals.
The computer labs provide you with practical experience of using computer software to perform calculations and conduct realistic simulations. In addition, econometric methods are taught in lab sessions, so you have the opportunity to apply econometric software to empirical research and financial market estimations.
When appropriate, practitioner slots – such as research seminars conducted by external financial experts or presentations by invited academics – will be incorporated into module delivery.
We also offer pre-sessional induction courses on economic analysis for students who need to build up their background in the fundamental aspects of financial economics.
Teaching takes place over two terms, from September to June. Full-time students who pass all the taught modules during the main exam sessions finish the programme at the end of September when they submit their dissertation or literature review.
Full-time students who successfully complete the taught modules in the August resit exam session submit their dissertation or literature review in December.
Part-time students complete their modules over the course of four terms from September to June before undertaking their dissertation or literature review.
Pre-sessional activities covering Micro-and Macroeconomics, Stata, Excel, Probability and Mathematics run in September before the start of term. These are available for all students who secure a place on the MSc Financial Economics course. Pre-sessionals are included in your degree fee and are designed to prepare you for the course. We therefore strongly encourage you to make every effort to attend.
You are not required to register for the above pre-sessionals, you just need to turn up on the day. Further information, such as the exact times and locations will be provided in your induction schedule.
Assessments are a combination of unseen written examinations (70% for each module) and coursework (30% for each module).
You will take 180 credits – two 30-credit taught modules, four 15-credit taught modules and 60 extra credits through one of the following routes:
For each route, there are two core modules:
It is not possible to give exact hours per week because these can vary from one term to the other depending on which electives the students choose.
On completing the Masters in Economics you will have a wide range of career options. Graduates of this course enjoy numerous employment possibilities in both the public and private sectors, including consultancy and financial analysis.
On completing the Masters in Financial Economics course you will have a range of employment possibilities to explore. To some extent, your career options will be determined by the electives you choose.
For example, you may wish to work in the financial industry as a consultant, banker, quantitative analyst. Alternatively you may wish to explore options in the health industry as a financial analyst, or in any industry that requires a financial or industry analyst.
Recent graduate for this course have secured roles such as:
The Financial Economics MSc also provides a solid academic foundation for students wishing to pursue doctoral research in economics.
The course is particularly suitable for students with a degree in Finance, Financial Economics, Actuarial Science, Engineering, and Mathematics (see entry requirements ), as well as relevant work experience (non-compulsory). It is also suited to those wishing to gain salary enhancements, or students wishing to pursue advanced studies in quantitative finance.
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 .
The course teaching is shared by Alliance Manchester Business School and the School of Mathematics, and delivered through lectures, case studies, seminars and group project-based work. Assessment varies depending on course units taken. It may include a combination of course work and examination. 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. The dissertation gives you the opportunity to apply what you have learned in the taught part of the course. Our topics are aligned with the research interests of leading financial institutions from the City of London and internationally.
Examples of recent 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]
This course provides ideal preparation for a career in the finance industry specialising in designing and trading financial instruments. These financial engineers are expected to be proficient in computer programming and strong in financial mathematics. They have to be at ease with complex derivatives and creative enough to find solutions for pricing and hedging. The course also provides research skills for those who wish to pursue an academic career by studying at doctoral level.
The Advanced Master in Quantitative Finance offers prospective students a rich curriculum combining finance, statistics, econometrics, programming and mathematics. This Master guarantees a full coverage of financial disciplines, such as asset and derivative pricing, numerical methods and programming skills. This advanced course work is designed for students with a quantitative background, obtained either from recent education or through professional experience.
The main objective of this master is to train a new generation of quants. You will gain cutting-edge knowledge in quantitative finance and will learn how to apply it to real-life problems.
You will not only be exposed to up-to-date models, but you will also understand their advantages and limitations, both in theory and in practice.
By the end of the year, you will be able to:
• Become an analyst and/or manager in a quant group
• Price equities and bonds
• Construct and programme structured products
• Perform tail-risk analysis
• Extract information from massive databases
• Understand and trade in complex derivative products such as volatility derivatives
The obvious companies for such profiles are large financial institutions, private banking, and hedge funds, seeking to fulfil positions like quant team member, risk manager, quant analyst/risk modeller, asset liability manager, derivatives specialist, financial supervisor and product structure.
Geographically, job opportunities are not only concentrated to Europe, in particular London, Paris, Amsterdam, Frankfurt, and Zurich, but are extended to the rest of the world (e.g. Singapore, Hong Kong and New York).
However, to successfully grow in your professional life and make the right choices for your career, it is fundamental to define your goals and have the tools to achieve them. The Solvay Brussels School’s career service will help you in building your career thanks to its strong connection with the business sector and to its dynamic team who will accompany each participant into the professional world. From self-assessment to networking opportunities, our team will assist participants to realise their full potential. Through a full range of seminars, coaching sessions, workshops, events and other resources, we help our participants to discover the career path best suited to their personal fulfilment.
Interested? Visit http://am.solvay.edu/quantitative-finance/
> Non-EU students: May 31st 2018 (recommendation related to visa procedures)
> EU students: July 15th 2018
This program will prepare you for the most demanding jobs in banking, consulting, and asset management.
The complex financial times we live in demand greater modelling techniques and a deeper understanding of financial data. The Master in Finance at the Barcelona GSE is designed to meet these challenges, as it is a comprehensive program that covers all the important areas of finance and prepares you for the most demanding jobs in banking, consulting and asset management.
This program is unique because it offers better training on quantitative topics than most masters in finance, and has a broader focus than the typical master in quantitative finance.
Our graduates excel in the ability to design and implement complex financial models; understand the theory and bring it to the data. They outclass their peers with a more qualitative background (like an MBA), because they can work in a wider range of positions (risk management, derivatives trading, venture capital, wealth management, etc.). At the same time, our graduates are more versatile than students with a pure quantitative background, because they can reach beyond purely technical jobs.
The program offers interactive classes, intensive use of advanced statistical and mathematical software, in-depth case studies, presentations by finance professionals, and the support of an experienced team of career services officers.
A key advantage of our Master in Finance is that students can benefit from GSE top faculty teaching in a wide range of courses in their field of expertise. In particular, students with an interest in quantitative techniques can take electives in advanced econometric methods, optimization techniques, advanced programming, and machine learning, while students who are interested in economics topics can choose among the advanced economics courses in macroeconomics, monetary policy and exchange rates.
Upon successful completion of the program, students will receive a Master Degree in Economics and Finance awarded jointly with the Universitat Pompeu Fabra. The degree requires the successful completion of 60 ECTS (European Credit Transfer System) credits of graduate courses (6 credits are equivalent to a 40 hour course), some compulsory and some elective. The students' final program must be discussed with and approved by the Master Director.
Examples of recent Finance placements:
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.
Through its unique design, this program takes your knowledge of capital markets to a higher level. Interactive lessons by academic and industry experts provide strong technical skills in capital markets instruments, financial data, and computer programming.
In a fast-moving global financial environment, this program further explores the most recent developments in capital markets regulations and compliance. Our students graduate with a set of quantitative tools and with a solid knowledge of the regulations and ethics in banking and capital markets.
The Master of Science in Investment Banking and Capital Markets is specifically targeted towards recent graduates in finance or business administration who want to continue the development of their technical skills and knowledge in finance.
- Development of key technical skills in quantitative methods and computer programming
- Understand how banking and capital markets regulations affect financial practices while developing professional ethics
- Learn how, and from where, to source accurate and consistent data; navigate across financial products; and acquire hands-on experience in the Bloomberg Financial Markets Lab
- Quantitative Analyst
- Risk Manager
- Compliance Officer
This program is under the process of being accredited with the Université Catholique de Lille as diplôme universitaire and with the Conférence des Grandes Ecoles.
The Master of Science in Investment Banking and Capital Markets is offered on a full time basis. The curriculum is developed around core courses and feature a series of electives within the field of banking and capital markets. It also includes French or other foreign language courses and a professional experience
The program is made up of two semesters studying subjects such as quantitative methods, banking, ethics and regulations, capital markets, and computer programming.
An internship rounds out the program where students can apply their knowledge in professional environments.
Students acquire real-life experience through a 4 – 6 month internship in France, or anywhere in the world.
The objective is to provide an opportunity where students learn how to approach assignments and working relationships in a professional environment. They can apply their new found knowledge in real world situations while receiving guidance and feedback from managers and colleagues. New contacts made during their internships help create their professional networks.
French language classes -
French language lessons are mandatory for non-Francophone international students. Francophone students may choose German, Italian, Chinese, or Spanish.
The Master of Science in Investment Banking and Capital Markets is for those who want to develop a deep understanding of capital markets instruments, functioning, and regulation.
Admission requirements -
The program is open to candidates with a bachelor’s degree in Finance, Business Administration or Economics from a recognized university with good academic performance and a good command of English.
Native English speakers or students who have had two years of courses taught in English are exempt. A GMAT score is optional, not mandatory.
Application Process -
The application process is based on students’ online application available at https://application.ieseg.fr/ and review of the required documents.
Rolling admission is offered from October 2017
- Online application form
- Transcripts and diploma translated into English or French if necessary
- English proficiency test (IELTS 6.5 TOEFL IBT 85, TOEIC 800) if required
- CV / Resume
- Copy of passport
- 80€ application fee
May 30th 2018
€ 15,000 for domestic and international students.
International merit-based scholarships are available.
Funding and scholarship -
IÉSEG has a merit-based International Scholarship Program with a tuition waiver of 15 to 50% per year. Selection is based on the applicant’s previous academic performance and overall application portfolio.
The scholarship application is automatic; students do not need to apply separately.
All international students are encouraged to check with Campus France and their own government to see if there are any scholarships available. For American students please check with Sallie Mae for private loan options.
The course provides you with a strong mathematical background with the skills necessary to apply your expertise to the solution of real finance problems. You will develop skills so that you are able to formulate a well posed problem from a description in financial language, carry out relevant mathematical analysis, develop and implement an appropriate numerical scheme and present and interpret these results.
The course lays the foundation for further research in academia or for a career as a quantitative analyst in a financial or other institution.
You will take three introductory courses in the first week. The introductory courses cover partial differential equations, probability and statistics and MATLAB.
The first term focuses on compulsory core material, offering 80 hours of lectures and 40 hours of classes/practical. The core courses are as follows:
In the second term, three streams are offered; each stream consists of 32 hours of lectures and 16 hours of classes/practical. The Tools stream is mandatory and you will also take either the Modelling stream or the Data-driven stream.
As well as the streams, the course includes a compulsory one-week (24 hours of lectures) intensive module on quantitative risk management which is to be held in/around the week before the third term.
The third term is dedicated to a dissertation project which is to be written on a topic chosen in consultation with your supervisor.
The second component of the financial computing course, Financial Computing with C++ 2 (24 hours of lectures and practicals in total), is held shortly after the third term.
The examination will consist of the following elements:
MSc graduates have been recruited by prominent investment banks and hedge funds. Many past students have also progressed to PhD-level studies at leading universities in Europe and elsewhere.