Financial Economics (MSc)

This course is designed to provide you with the knowledge and expertise for a career in fund management, stockbroking, investment banking, corporate treasury and other financial sector roles.

The MSc in Financial Economics aims to offer the knowledge and expertise needed for a career as a professional economist working in the public or private sector or alternatively, in fund management, stock-broking, investment banking, corporate treasury and other financial sector roles.

The course includes modules covering the working of the markets for bonds, stocks, currencies and derivatives (futures and forwards, options and swaps), as well as microeconomics, advanced macroeconomics and econometrics.

Much of the material is extremely challenging, both analytically and sometimes technically, but attention is given at all times to the practical questions of how to interpret financial data for research purposes; how to identify and exploit trading opportunities; and how to measure and manage risk.

Distinctive features

  • You will be part of a community which is committed to delivering social improvement alongside economic development in the world’s first Public Value Business School.
  • You will study at a Business School ranked 1st in the UK for research environment and 6th for research excellence (REF 2014).
  • You will be a student of the only business school in Wales accredited by AACSB international (and one of only 5% worldwide).
  • You will be exposed to recent developments in research and will develop a sophisticated understanding of modern theories and research findings.
  • Our facilities include a fully functioning trading room giving you access to the latest market data.

Key facts

Next intakeSeptember 2017
Duration1 year
QualificationMSc
ModeFull-time
Admission Tutor contact(s)

Admissions criteria

Suitable for graduates with a minimum 2:1 honours degree (GPA 3.0/4.0) at undergraduate level and the following previously studied modules: microeconomics, macroeconomics and one quantitative module (econometrics is also desirable).

Applications will be considered from recent graduates with a good Honours degree or equivalent from an approved university.

If English is not your first language you will be required to pass an IELTS exam, obtaining a minimum score of 6.5 with a minimum of 5.5 in each sub score.

You will undertake a range of core and optional modules across two semesters which are designed to give you an in-depth understanding of a range of areas relevant to the financial sector. 

In the first semester you will undertake four core modules.

In the second semester you will take three core modules as well as one optional module from the selection available.

Upon successful completion of the taught stage you will progress to the dissertation. The dissertation is designed to enable you to apply the knowledge, understanding and skills learnt in the taught modules to individual independent research under academic supervision.

Module titleModule codeCredits
Principles of FinanceBST16115 credits
MacroeconomicsBST16215 credits
Microeconomics: Economics of UncertaintyBST16315 credits
Quantitative MethodsBST16415 credits
Financial DerivativesBST25415 credits
Empirical FinanceBST26415 credits
Corporate FinanceBST99715 credits
DissertationBST27960 credits
Module titleModule codeCredits
Asset PricingBST26015 credits
International TradeBST26715 credits
Economic ForecastingBST27215 credits
International FinanceBST27315 credits
Mathematical FinanceBST27515 credits
Investment and Electronic TradingBST27715 credits
The University is committed to providing a wide range of module options where possible, but please be aware that whilst every effort is made to offer choice this may be limited in certain circumstances. This is due to the fact that some modules have limited numbers of places available, which are allocated on a first-come, first-served basis, while others have minimum student numbers required before they will run, to ensure that an appropriate quality of education can be delivered; some modules require students to have already taken particular subjects, and others are core or required on the programme you are taking. Modules may also be limited due to timetable clashes, and although the University works to minimise disruption to choice, we advise you to seek advice from the relevant School on the module choices available.

How will I be taught?

Our teaching is heavily informed by research and combines academic rigour with practical relevance. Our internationally leading faculty consists of academics who are at the forefront of knowledge within their field. They bring the lessons learnt from their most recent research into the classroom, giving you access to up to date real life examples and scenarios and critical business thinking.

Your teaching and learning resources will be provided and we will be responsive to your needs and views. For your part, you will need to put in the necessary amount of work both during and outside formal teaching sessions, and to make good use of the facilities provided.

Methods of teaching

Most modules involve a mixture of lectures and small group teaching (called classes, seminars, workshops or tutorials). 

In a lecture, the lecturer will mainly be giving an overview of a particular aspect of the module content (as well as opportunities for you to ask questions and be reflective), while in classes and workshops you will have an opportunity to practice techniques, discuss ideas, apply concepts and consolidate your understanding in the topic.

How will I be supported?

You will be allocated a personal tutor at the beginning of your studies. Normally, your personal tutor will teach on your own degree course and you will keep the same personal tutor throughout your course.

Your personal tutor will be able to give you advice on academic issues, including module choice and assessment. If you encounter any problems which affect your studies, your personal tutor should always be your first point of contact; she/he will be able to put you in touch with the wide range of expert student support services provided by the University and the Students' Union as appropriate. You are required to meet with your personal tutor at three points during each academic year but you are also encouraged to get in touch with them at any other point if you need help or advice.

For day-to-day information, the staff of our Postgraduate Student Hub are available, in person, by telephone or by email, from 8am to 6pm each weekday during term time to answer your questions.

Feedback

We’ll provide you with regular feedback on your work. This comes in a variety of formats including oral feedback, personalised feedback on written work, and generic written feedback.

You will be given general feedback in relation to examinations following all examination periods and you will be able to discuss your overall performance with your personal tutor.

When undertaking the dissertation/project you are expected to meet regularly with your supervisor to review progress and discuss any questions. Your supervisor will be able to provide feedback on your research plan and drafts of your work as you progress.

How will I be assessed?

Assessment methods vary from module to module but, across your degree scheme as a whole, you can expect a mixture of exams, coursework, essays, practical work, presentations, and individual and group projects.

What skills will I practise and develop?

As a result of engaging fully with this course, you will acquire and develop a range of valuable skills, both those which are discipline specific and more generic ‘employability skills’. These will allow you to:

  • Grasp complex issues with confidence
  • Ask the right questions of complex texts
  • Have an imaginative appreciation of different views and options and analyse these critically
  • Identify and apply relevant data
  • Develop practical research skills
  • Propose imaginative solutions of your own that are rooted in evidence
  • Communicate clearly, concisely and persuasively in writing and speech
  • Sourcing, interpreting and presenting relevant numerical information – to support the composition of projects reports and business cases.
  • Work to deadlines and priorities, managing a range of tasks at the same time
  • Work as part of a team, developing a collaborative approach to problem-solving
  • Use IT programmes and standard software packages, where appropriate
  • Take responsibility for your own learning programme and professional development.

Our graduates find employment as specialists in financial institutions, corporate treasury departments, central banks and local government.

Tuition fees

UK and EU students (2017/18)

Get the latest information on postgraduate fees.

Students from outside the EU (2017/18)

Get the latest information on postgraduate fees.

Will I need any specific equipment to study this course/programme?

 No specific equipment is needed.