Postgraduate Course

MSc Finance and Investment

MSc Finance and Investment

Overview

The details
Finance and Investment
October 2021
Full-time
1 year
Colchester Campus

How do portfolio managers diversify, manage their exposure to risk and accurately value their assets? How do psychological factors affect the financial behaviours of investors and finance practitioners?

Our professionally recognised MSc Finance and Investment builds on your existing knowledge of finance, economics or business to prepare you for a challenging and rewarding career in portfolio management and corporate finance.

You’ll explore how corporations deal with funding sources, capital structuring and investment decisions. You’ll investigate behavioural finance, financial planning strategies and fixed income markets and instruments.

You develop knowledge and skills in:

  • portfolio theory
  • fixed-income securities
  • behavioural finance
  • corporate finance

Our aim is to give you the best foundation for a career in investment or elsewhere in the finance sector. We want to help you understand the theory and put it into practice.

You’ll learn to use our Bloomberg Financial Markets Lab, which gives you access to the data and analytical tools found in financial institutions across the City of London and throughout the world. This will allow you to develop the skills needed in industry and gain an advantage in the graduate recruitment market.

The University of Essex is a member of the CFA® Institute University Affiliation Program and our MSc Finance and Investment covers more than 70% of the Chartered Financial Analyst (CFA) Program Candidate Body of Knowledge. Upon completing this course, you are well positioned to sit for the CFA exams, which are among the most widely recognised and established qualifications in the UK.

This course is taught at Essex Business School. Our expert team are at the forefront of financial debate and have presented their research at the Bank of England, the European Central Bank and the Federal Reserve. By embedding the latest academic and industry thinking into our teaching, you experience an education that’s at the forefront of the issues impacting today’s finance and investment sectors.

Essex has one of the largest groups of finance academics in the UK, providing a wide range of courses in banking, finance, investment, risk management and financial econometrics. This means you’ll also be able to choose from a huge range of optional modules to tailor your course to your interests and aspirations.

Professional accreditation

Recognised by the Chartered Financial Analyst Institute (CFA).

Why we're great.
  • Our Bloomberg Financial Market Labs provide hands-on experience of dealing in stocks and securities
  • We cover more than 70% of the Chartered Financial Analyst (CFA) Programme Candidate Body of Knowledge
  • We're an IMC Advantage Partner and a Recognised Partner of the CFA
THE Awards 2018 - Winner University of the Year

Our expert staff

Our Finance Group is one of the largest in the UK. Our team of experts are at the forefront of financial debate and combine academic and industry experience to explore issues that are truly relevant to people’s lives:

  • crowdfunding and finance of Small and Medium-Sized Enterprises (SMEs)
  • commodity prices and their relation to food poverty
  • the use of cash in modern society
  • corporate governance
  • financial econometrics

The Essex Finance Centre is based at the School and uses social science theories to address the important issues faced by today’s organisations in the commercial, public and third sectors.

Specialist facilities

Our zero-carbon building reflects our sustainable approach to business.

Located on our Colchester Campus and part of the Knowledge Gateway, our Essex Business School building features a unique winter garden, which gives the building its own micro-climate. The Eden-style dome provides an innovative working environment, which includes:

  • a virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • access to X_TRADER, industry-leading software for trading multiple markets from a single screen
  • light and spacious lecture theatres with ‘listen again’ recording to aid your study
  • study pods and innovation booths for group working
  • Bonds café and adjacent foyer to enjoy on-site fresh food and drink

Your future

MSc Finance and Investment provides you with the foundations for a rewarding career in finance and investment management, equipping you with the skills to lead at a global level. 93% of our Essex Business School students are in employment or further study (Graduate Outcomes 2020).

Many of our graduates enjoy roles in a host of occupations, including financial analysis, management, public administration and accountancy. They work for high-profile organisations and innovative SMEs such as:

  • Deutsche Bank
  • Standard Chartered
  • GlobeOp Financial Services
  • Capital Markets Intelligence, a financial publisher
  • Credit Data Research, a business funder

We’re also proud of our student entrepreneurs, including international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP.

Read Andrew's story, and see how he benefited from his Masters degree.

We work with the University’s Student Development Career Services to help you enhance your CV by taking part in careers opportunities, such as work experience, internships, placements, and voluntary opportunities. You can also attend our industry expert lectures in finance, as part of your course.

Entry requirements

UK entry requirements

A 2:2 degree, or international equivalent, in a numerate discipline such as: Economics, Finance Mathematics, Statistics, Science or Engineering.

Your degree should contain at least one module relating to: Economics, Finance, Mathematics (calculus), Quantitative Finance/Methods or Econometrics (probability).

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here. Please select your country page where you'll find this information.

English language requirements

If English is not your first language, we require IELTS 6.5 overall with a minimum component score of 5.5

Additional Notes

The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.

Structure

Example structure

Most of our courses combine compulsory and optional modules, giving you freedom to pursue your own interests. All of the modules listed below provide an example of what is on offer from the current academic year. Our Programme Specification provides further details of the course structure for the current academic year.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

The example structure below is representative of this course if taken full-time. If you choose to study part-time, the modules will be split across 2 years.

Teaching and learning disclaimer

Following the impact of the pandemic, we made changes to our teaching and assessment to ensure our current students could continue with their studies uninterrupted and safely. These changes included courses being taught through blended delivery, normally including some face-to-face teaching, online provision, or a combination of both across the year.

The teaching and assessment methods listed show what is currently planned for 2021 entry; changes may be necessary if, by the beginning of this course, we need to adapt the way we’re delivering them due to the external environment, and to allow you to continue to receive the best education possible safely and seamlessly.

Portfolio Management

Understand the process of portfolio management. You cover the main concepts such as efficient diversification, managing risk exposures, and the valuation of financial assets that are at the core of managing investment portfolios, and pay special attention to the practicalities of the implementation of these concepts.

View Portfolio Management on our Module Directory

Research Methods in Finance: Empirical Methods in Finance

This module equips you with the econometric tools and necessary experience to conduct empirical research in finance. You review statistical and basic econometric models and learn to apply econometric techniques in finance by considering topics such as (G)ARCH models, unit roots and cointegration.

View Research Methods in Finance: Empirical Methods in Finance on our Module Directory

Behavioural Finance

Behavioural finance rejects crucial tenets of mainstream finance such as the Efficient Market Hypothesis (EMH) on the basis that agents are less than fully rational, and that arbitrage fails to eliminate mispricing. Instead it identifies market anomalies or regularities such as holiday effects that are at odds with the EMH. You learn to use ideas from cognitive psychology, such as overconfidence, and aspects of imperfect arbitrage to explain these.

View Behavioural Finance on our Module Directory

Corporate Finance

This module offers you a standard introduction of the field of corporate finance at postgraduate level. You consider the classical areas of Modigliani-Miller irrelevance, Taxes and capital structure, Trade-off theory and Pecking order theory of capital structure, before exploring the more modern areas, which are essentially based on contract theory.

View Corporate Finance on our Module Directory

Fixed Income Securities

Discover the concepts and tools that are useful to asset managers who want to use fixed income securities for investing, market-making or speculating. You first study fixed income markets and instruments, before going on to explore basic concepts of bond portfolio management and investigating the quantitative tools used to value bonds and manage bonds' portfolios.

View Fixed Income Securities on our Module Directory

Postgraduate Mathematics Preparation

This module covers topics in mathematics that are required in Masters-level finance courses at the University of Essex. You focus on the basics of linear algebra, differential calculus including optimisation and dynamics.

View Postgraduate Mathematics Preparation on our Module Directory

Trading Global Financial Markets (optional)

Gain theoretical knowledge and a practical understanding of financial markets, trading strategies, risk and money management and trader analytics at the highest level. You study a mix of classroom-based instruction, case studies and practical trading exercises where you trade on real-time simulated global markets through the use of industry-strength proprietary trading software in the trading lab.

View Trading Global Financial Markets (optional) on our Module Directory

Financial Decision Making (optional)

This module introduces you to management accounting and management control principles, investment appraisal and financial control principles, and market and managerial behaviours. You examine a range of issues that relate to financial and managerial decision-making, including incremental costing, budgeting, activity-based costing, capital structure and long term financing, and financial analysis of commercial projects.

View Financial Decision Making (optional) on our Module Directory

MSc Finance and Investment: Dissertation

Your dissertation is the culmination of your Masters programme, where you apply the knowledge gained on your course to produce a 10,000 word independent piece of work. You generate an original idea, analyse literature and current knowledge and produce a coherent argument that shows your ability to relate theory to practice. Your dissertation will help you develop vital skills for the workplace, as well as the ability to analyse real problems through an academic lens. You're assigned a supervisor for the duration of your project.

View MSc Finance and Investment: Dissertation on our Module Directory

Teaching

  • Tailor the content of your course to more closely fit your interests and aspirations
  • Courses focus on practical applications and links with industry
  • We run an open seminar series

Assessment

  • Regular assessment is by coursework, presentations, case studies, group work, tests and examinations

Dissertation

  • You submit a 10,000 word dissertation

Fees and funding

Home/UK fee

£12,410

International fee

£19,380

EU students commencing their course in the 2021-22 academic year will be liable for the International fee.

Fees will increase for each academic year of study.

What's next

Open Days

We hold Open Days for all our applicants throughout the year. Our Colchester Campus events are a great way to find out more about studying at Essex, and give you the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

Applying

You can apply for this postgraduate course online. Before you apply, please check our information about necessary documents that we’ll ask you to provide as part of your application.

We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

For information on our deadline to apply for this course, please see our ‘how to apply’ information.

Colchester Campus

Visit Colchester Campus

Home to 15,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.


Find out more

The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

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