The MSc Finance programme has been a highly successful programme, with many of its graduates attaining high-level positions in major financial institutions. Furthermore, several of its graduates have gone on to complete PhDs in Finance, Economics and Accountancy.
The degree is an intensive 9-month programme with six taught modules and a dissertation. Most of the modules are taught by members of faculty, but in order to further enhance the quality of the programme, we have two visiting professors who teach intensive one-week courses. Professor Stephen Hall (Imperial College, London) teaches on the Research Methods in Finance module. Professor Lawrence White (University of Missouri) teaches the Money and Banking module.
The MSc Finance is designed to provide students with the academic knowledge and skills necessary to obtain employment with leading financial institutions or government agencies. Graduates have been very successful securing jobs in the following areas: banking, fund management, broking, program trading, management, corporate finance, economic research and financial regulation.
September – January
Financial Strategy This module provides students with the basic applied microeconomic skills required for a career in modern financial markets. Typical topics include: basic consumer choice theory, including intertemporal choice and choice under uncertainty; financial market problems associated with asymmetric information; insurance contracts, and investor signalling and screening.
Research Methods in Finance This module is designed to give students both theoretical and practical experience of statistical and econometric techniques. The module will acquaint students with a range of modern econometric techniques, which are an essential part of modern advanced empirical research.
Corporate Finance The aim of this module is to familiarise students with the primary theoretical and empirical issues confronting the modern corporation when making decisions about investment, capital structure, dividends and mergers.
January – April
International Finance This module is designed to develop a rigorous understanding of international financial markets. Emphasis is placed on the theoretical basis for pricing such assets as forward exchange rates. Recent international monetary events such as the establishment of the euro are studied extensively.
Options, Futures and Other Derivative Securities This module provides students with a rigorous theoretical understanding of derivative instruments. The course includes the following topics: the theory of futures markets; futures contract pricing; pricing of interest rate and stock index futures; the theory of option pricing.
Money and Banking This module provides students with an understanding of modern banking and other financial institutions. The emphasis is placed on policy issues such as: the regulation of financial institutions; the determination of the value and quantity of both private and fiat money; the proper role of central banking, government macroeconomic policies, affecting output and employment; and fixed verses floating exchange rates.
April – June
Students are assigned supervisors and have to undertake an original piece of empirical finance research. Examples of topics researched by past students include: mergers, the IPO market, corporate governance, capital structure, dividends, cre dit unions, foreign exchange markets, financial market behaviour, option and futures pricing, bank regulation and financial history.