Finance and Investment MSc

 
  

Fact file

Qualification
MSc Finance and Investment
Duration
1 year full-time
Entry requirements
2.1 (international equivalent) in accounting, business studies, economics, finance or management; outstanding degrees in any quantitative discipline also considered
Other requirements
Personal statement and a list of modules being studied in the final year (for applicants who have not yet completed their undergraduate degree)
IELTS
6.5 (no less than 6.0 in any element)

If these grades are not met, English preparatory courses are available
Start date
September
Campus
Jubilee Campus
School/department
Tuition fees
You can find fee information on our fees table.
 

Overview

On this course, you will learn from one of the largest group of finance experts in the UK, bringing you some of the most up to date knowledge and techniques in their fields.
Read full overview

It will provide you with a solid foundation in modern finance and investment and prepares you for a career in investment banking, financial management or further postgraduate study in a related subject.

You will study a variety of modules across two semesters as well as a summer dissertation. The taught component consists of five core modules plus two options from a wide range of modules including topics in corporate finance, capital markets, and financial security valuation as well as a thorough grounding in research methods for finance and a chance to study behavioural finance.

The course has a distinct quantitative focus and includes both theoretical concepts as well as their applications. You will benefit from real-time access to our Bloomberg Terminals and you will learn to utilise data to analyse financial instruments and help make effective decisions.

The course provides you with more than just the knowledge required to get started in the financial industry; it develops transferable skills such as working under pressure, working as a team, and being able to manage your time to work to several deadlines at once. It certainly met my expectations in terms of depth and application to real scenarios.
 

Laith Al-Khayat, MSc Finance and Investment

Academic English preparation and support

Accredited by the British Council for the teaching of English in the UK, the University's Centre for English Language Education provides high-quality preparation and support. Our presessional courses take your English language and academic skills to the level you need to progress to postgraduate study without taking IELTS again.

Specialist five and 10-week business and management courses are available and you could be eligible for a joint offer, which means you will only need to apply for your visa once. Students who enter via the CELE route are exempt from paying the school's £2,000 reservation fee. For more details, please contact us.

Key facts

  • This course is recognised by the Chartered Financial Analysts Institute's university recognition programme
  • Part of an elite group of EQUIS and AMBA accredited business schools
  • 6th in the UK for research power in the latest Research Excellence Framework, with teaching informed by the latest developments
 

Course details

Across the autumn and spring semesters, you will take 120 credits of taught modules. Each module typically consists of 10 two to three hour sessions.

You will complete a 60-credit 12-15,000-word dissertation over the summer, and will be allocated an appropriate dissertation supervisor who will oversee your progress.

Assessment

You will be assessed through a combination of individual essays or group projects and written exams.

 
 

Modules

Core

Capital Market Analysis

The module examines the equity asset class as an example of a long term, generally risky, financial security. Since semester two specialist modules in fixed interest securities and derivatives are available, this module provides only a basic introduction to these other classes of financial instruments.

The module looks at the way performance of an investment in equities is characterised, and how such investments have performed in the past. The processes of equity portfolio construction, management and performance measurement are then examined. The perspective adopted is that of the purchaser, not the issuer, of equity.

 
Corporate Finance

The module examines the ethical and practical justifications for the idea that companies should operate in the interests of shareholders and also the counter arguments in favour of a stakeholder perspective.

The module then deals in turn with the major financial decisions made in organisations (capital budgeting, capital structure, dividends, mergers, working capital). Decisions are analysed first in the context of well functioning capital markets. Capital market imperfections and behavioural biases on the part of managers and investors are then considered.

 
Derivative Investment

The module covers :

  • forward and futures contracts; how they are traded and used for hedging
  • stock price modelling
  • derivatives; European and American styles
  • derivative valuation; Binomial trees, Trinomial trees, Monte-Carlo, Black-Scholes
  • stock indices, futures on stock indices; options on futures
  • compound options and real options
 
Fixed Interest Investment

The module covers:

  • institutional framework of international and UK bond markets
  • bond yield and pricing models
  • interest rate determination
  • bond market strategies and portfolio decision making
 
Quantitative Techniques for Finance

The module provides you with a good understanding of econometrics tools covering topics such as time series, qualitative response and panel data models with finance-related applications.

 
Research Methods for Finance and Investment

Part 1: Introduction to quantitative methods

This part of the module will teach you concepts in matrix algebra, optimisation, statistical distribution theory and regression analysis.

Part 2: Introduction to qualitative research

This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.

 

Optional

Behavioural Economics and Decision Making

The module is split into two parts. The first part focuses upon the methods and models associated with behaviour. These sessions will introduce key concepts in bounded rational behaviour and apply these to specific economics models and financial markets. 

The second part of the module concentrates on designing your own experiment and interpreting empirical results. You will analyse studies of bounded rational behaviour, labour markets, asset markets, experimental behavioural finance, social dilemmas, preferences, public goods, reciprocity, bargaining and contests.

The module will be interactive, you will undertake experiments and analyse results.

 
Computational Finance

The module provides you with a knowledge and understanding of key practical applications of finance using standard computer software. Students taking the module are assumed to have prior background knowledge of financial markets and financial econometrics.

It equips you with computational and programming skills, allowing you to analyse financial data, build financial models and solve complex financial problems. The module will also integrate application areas in finance which have already been introduced, or which are being introduced to you concurrently.

Topics include:

  • Basic R and/or Python commands
  • analysing and visualising financial data
  • modelling and forecasting financial time-series
  • applications relevant to asset pricing and portfolio analysis
 
Financial Econometrics

The module will provide an introduction to modern econometric techniques for modelling financial data. It covers relatively advanced econometric techniques such as dynamic panel data modelling, generalised methods of moments, multinomial models, selection models GARCH, risk measurement and continuous time models.

 
Financial Reporting

The module covers:

  • financial reports
  • regulation of financial reporting
  • creative accounting
  • techniques of accounting analysis
  • standard setting
  • relationship to capital
  • auditing
  • accounting research
 
Industrial Economics

The module uses a game-theoretic approach to analyse strategic firm-behaviour. It intends to cover topics like static and dynamic models of imperfect competition, product differentiantion, market entry, merger and acquisition, and privatisation.

 
International Finance

This module examines contemporary developments in the theory and practice of international financial management. It includes analysis of foreign exchange markets and international financial markets, including international banking and the Euromarkets.

Emphasis is placed on discussion of risk management techniques to protect against both currency and political risks. Both long term international investment and financing decisions and short-term exporting decisions form part of the module.

 
Monetary and Financial Economics

The module will cover:

  • the behaviour and term structure of interest rates and their link with financial instruments
  • the definitions of money and determinants of the money supply
  • tools and conduct of monetary policy
  • the role of the central bank in monetary policy and the role of the banking sector
  • bank reserves and monetary policy
  • exchange rates and banking
  • economic models using ISLM and ADAS
 
Quantitative Risk Management

The module covers:

  • the development of quantitative risk management and its use by firms to measure and manage their risk
  • measures of risk: value at risk, expected shortfall, and other risk measures
  • uses of quantitative risk measures: estimating risk measures - historical simulation approaches, parametric approaches and Monte Carlo simulation approaches
  • volatility forecasting
  • estimating liquidity risks
  • backtesting risk models
  • risk measurement using Extreme Value Theory
  • model and parameter risk
 
Risk Management in Financial Institutions

The module covers risks specific to financial institutions (including liquidity, credit, market, and operational); techniques for managing such risks; the organisation of the risk management process in financial institutions. Financial institutions include banks, other deposit-taking institutions, life and general insurance companies.

Content complements that covered in modules such as Corporate Risk and Quantitative Risk Management.

 
Venture Capital and Private Equity

The module covers venture capital and private equity provide risk capital to firms at various stages of their life-cycle. This involves selecting investments, structuring deals, valuation of investment opportunities, leveraged buyouts (LBOs), managing portfolio firms, and exit.

 

 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.

 
 

Funding

Funding information is available on the school website and can also be found on the Graduate School website.

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

 
 

Careers

Professional accreditation

Chartered Financial Analysts Institute

This course is recognised by the Chartered Financial Analysts Institute’s university recognition programme.

Career destinations

Career destinations for our postgraduates include accountants, finance and investment analysts, higher education teaching professionals, investment bankers, IT business analysts, management consultants, marketing professionals, public relations professionals and university researchers.

Postgraduate careers team

Taught students benefit from the support of our postgraduate careers team who will help you to explore your career options and develop your career management skills. Our weekly MSc Advanced Career Leaders Programme is complemented by individual careers consultations, networking events and access to a wide range of employer presentations, volunteering activities and work experience opportunities.

Through a combination of your academic studies and the careers support on offer, you will be in an excellent position to enhance your career prospects and move onto the next stage of your career.

Employability and average starting salary

82.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £28,500 was the average starting salary, with the highest being £50,000.*

* Known destinations of full-time home postgraduates 2015/16. Salaries are calculated based on the median of those in full-time paid employment within the UK.

Career and professional development

Whether you are looking to enhance your career prospects or develop your knowledge, a postgraduate degree from the University of Nottingham can help take you where you want to be.

Our award-winning Careers and Employability Service offers specialist support and guidance while you study and for life after you graduate. They will help you explore and plan your next career move, through regular events, employer-led skills sessions, placement opportunities and one-to-one discussions.

 
 
 
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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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Nottingham University Business School
Jubilee Campus
Nottingham
NG8 1BB
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