Postgraduate study

MSc Finance and Investment

On this course, you will learn from finance experts, bringing you some of the most up to date knowledge and techniques in their fields.
 
  
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. We will only consider students with a strong quantitative/mathematics background. You must have completed (at 2:1 or above UK or international equivalent) at least two of the following subject areas in the final two years of study: mathematics, statistics, quantitative research methods, finance, computational finance, and econometrics.
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 may be available
Start date
September
UK/EU fees
£12,960 - Terms apply
International fees
£24,975 - Terms apply
Accreditation
Recognised by the Chartered Financial Analysts Institute's university recognition programme
Campus
Jubilee Campus
School/department
 

 

Overview

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

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.

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. This includes 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 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

Duy Hung Tran, MSc Finance and Investment

Academic English preparation and support

If you require additional support to take your language skills to the required level, you may be able to attend a presessional course at the Centre for English Language Education, which is accredited by the British Council for the teaching of English in the UK. Students who successfully complete the presessional course to the required level can progress to postgraduate study without retaking IELTS or equivalent.

Specialist 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 course deposit. For more details, please contact us.

Key facts

  • This course is recognised by the Chartered Financial Analysts Institute's university recognition programme
  • Ranked in The Financial Times top 65 Global Masters in Finance 2018 – pre-experience programmes
  • 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 underpinned by the latest developments
  • An inspiring research portfolio worth £799m
  • 91.1% of MSc graduates from Nottingham University Business School secured work, self-employment or further study within six months of graduation
  • More than 19,000 Business School alumni connect you to a powerful global network of business contacts
 

Full 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 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 assignments or group projects and written exams.

 
 

Modules

Semester one

Core modules

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.

 
Quantitative Research Methods for Finance and Accounting

This modules will provide you with a good understanding of econometrics tools covering topics such as:

  • statistical distribution theory
  • multiple regression analysis for cross-sectional data
  • time series analysis
  • panel data
  • qualitative response models with finance related applications
 

Semester two

Core modules

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
 

Summer

Dissertation

Your dissertation will develop your ability to undertake independent research in the area of finance and investment either in the context of further academic research or consultancy.

 

Optional modules

Two from:

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.

 
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.

 
Islamic Banking, Finance and Accounting

The module will cover:

  • the underlying concepts, practices and new trends of Islamic banking and finance
  • the differences and similarities with the theories and business models of conventional banking and finance
  • financial, risk and governance implications of Islamic Law (Shari'ah)
  • Islamic insurance (Takaful)
  • Islamic financial instruments
  • interactions between Islamic accounting standards and IFRS
  • development and integration of Islamic windows in conventional financial institutions
 
The Economics of Strategy and Market Structure

The module uses a game-theoretic approach to analyse strategic firm-behaviour. It intends to cover topics from industrial economics such as competition, market entry, product differentiation, leader-follower, and merger and acquisition.

 
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

See information on how to fund your masters, including our step-by-step guide. Further information is available on the school website.

Government loans for masters courses

The Government offers postgraduate student loans for students studying a taught or research masters course. Applicants must ordinarily live in England or the EU. Student loans are also available for students from Wales, Northern Ireland and Scotland.

International and EU students

Masters scholarships are available for international students from a wide variety of countries and areas of study. You must already have an offer to study at Nottingham to apply. Please note closing dates to ensure your course application is submitted in good time.

Information and advice on funding your degree, living costs and working while you study is available on our website, as well as country-specific resources.

 
 

Careers and professional development

Professional accreditation

Chartered Financial Analysts Institute

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

The CFA Institute grants this status to select institutions that have incorporated at least 70% of the CFA Programme Candidate Body of Knowledge (CBOK) into their degree programmes. An affiliated university signals to employers that the course is closely connected to professional practice and helps students preparing to take CFA exams.

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
  • university researchers

Postgraduate careers team

Our in-house Postgraduate Careers Team provides expert advice and guidance so that you can make an informed decision about the right career path for you.

As soon as you have accepted your offer of a place at the Business School, we can begin working with you to support your career planning needs. You can take part in pre-course careers discussions and take advantage of remote and online support through Career Leader, an online assessment tool which helps you to measure your business interests and motivations before starting your course. Our support continues throughout your time at Nottingham and after you graduate.

Employability and average starting salary

91.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £25,000 was the average starting salary, with the highest being £57,200.*

* Known destinations of full-time home postgraduates 2016/17. 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.

 
 
 

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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