Postgraduate Course

MSc Finance and Data Analytics

MSc Finance and Data Analytics

Overview

The details
Finance and Data Analytics
October 2022
Full-time
1 year
Colchester Campus

If you want to explore how big data streams influence financial and statistical modelling on a daily basis and gain an understanding on how data from social networks and search engine analytics can change how an investment matures, MSc Finance and Data Analytics is for you.

The finance and investments sector needs practitioners who have a fundamental understanding of financial markets who can also apply statistical modelling in the context of the growing, and increasingly complex, data available to financial firms.

This course is perfect for those with an interest in big data and data analysis who want to work in specialist roles within the finance and investments sector.

Our MSc Finance and Data Analytics prepares you for the financial services industry by equipping you with the quantitative, statistical and technical skills needed in a world powered by big data.

You master areas including:

  • big data
  • portfolio analysis
  • empirical financial methods
  • data analytics
  • trading global markets

The University of Essex is uniquely placed to offer a Masters in Finance and Data Analytics. The University is home to the ESRC Business and Local Government Data Research Centre, which helps local authorities and businesses across the UK to leverage data more effectively, as well as the UK Data Service who provide access to quality economic and social data to organisations across the UK.

Studying MSc Finance and Data Analytics at Essex Business School, where this course is taught, means that you have access to some of the most unique financial research in the UK, supported by these two large big data centres of excellence.

Our virtual trading floor ensures you gain practical experience of using industry-standard terminals and real-world business information.

Why we're great.
  • Our Financial Market Labs give you access to market-leading Bloomberg business data where you will be able to test your financial models against real-time business data
  • We are home to one of the biggest and most diverse Finance groups in the UK and you will benefit from exposure to this wealth of experience
  • Benefit from our partnership with the ESRC Business and Local Government Data Research Centre, which leads the way in cutting-edge research into big data
THE Awards 2018 - Winner University of the Year

Our expert staff

By joining MSc Finance and Data Analytics you join one of the UK’s largest finance groups, with a team of experts in an enormous range specialisms. You will be exposed to disciplines including: data analytics, global trading, risk management, investment banking, financial management, and more. Even if these are not part of your core programme, you will benefit from the diversity of interests that reflect the breadth of contemporary banking and finance issues facing organisations today.

Our lecturers have presented their work at the likes of the Bank of England, the European Central Bank and the Federal Reserve and are recognised for being at the forefront of research in:

  • financial data analytics
  • leadership and strategy
  • finance and banking
  • risk management
  • international management

You’ll be taught by our team of experts with both academic and industry experience, including

Neil Kellard, Professor of Finance and Dean of Essex Business School, who carries out research which supports developing countries through forecasting commodity prices. By modelling the effects of different causes, such as natural disasters, his research helps to find solutions to ease the impact of price changes for commodities such as energy and food.

Not only are you taught by experts with both academic and industry experience, input from City-based industry leaders gives this course a thorough grounding in contemporary financial practice. Our school is also home to Essex Finance Centre. and Essex Centre for Macro and Financial Econometrics.

Specialist facilities

Our commitment to excellence in teaching extends to our working environment, with our landmark Colchester building providing excellent facilities to learn and socialise, including:

  • an Eden-style dome and winter garden, which give the building its own micro-climate
  • a virtual trading floor with Bloomberg Financial Market Labs for analysing financial data
  • study pods and innovation booths for group working
  • networking opportunities with visiting businesses
  • being in close proximity to the Parkside Office Village, offering potential networking opportunities with innovative Small and Medium-Sized Enterprises (SMEs)
  • Bonds café for meetings and socialising

You benefit from a truly international experience and learn in the company of academics and students from across the globe; our current Masters students join us from more than 40 countries.

Your future

93% of our Essex Business School students are in employment or further study (Graduate Outcomes 2020).

Our graduates can analyse complex data and use this to make effective business decisions. Many work for global employers and dynamic SMEs in financial analysis, management, public administration and accountancy, such as:

  • KPMG
  • Grant Thornton LLP
  • Inter-American Development Bank
  • European Central Bank
  • HP, hardware company
  • Groupon, a global e-commerce marketplace
  • Capital Markets Intelligence, a financial publisher
  • Credit Data Research, a business funder

Many now also run their own growing businesses, including international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP.

MSc Finance and Data Analytics students can also take advantage of the services offered by the Student Development Team, including: careers advice; work experience; internships; placements; and voluntary opportunities.

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 or Finance for example: Mathematics (calculus), quantitative finance/methods or Econometrics (probability, statistics). With a score of 50% in this module.

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

Course structure

We offer a flexible course structure with a mixture of core/compulsory modules, and optional modules chosen from lists.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The course content is therefore reviewed on an annual basis to ensure our courses remain up-to-date so modules listed are subject to change.

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 approved for 2022 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.

Components and modules explained

Components

Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.

Each component has a status and carries a certain number of credits towards your qualification.

Status What this means
Core
You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options
You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory
You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.

The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.

Modules

Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.

In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.

Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:

HR 100  4  FY

The department or school the module will be taught by.

In this example, the module would be taught by the Department of History.

The module number. 

The UK academic level of the module.

A standard undergraduate course will comprise of level 4, 5 and 6 modules - increasing as you progress through the course.

A standard postgraduate taught course will comprise of level 7 modules.

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

  • AU: Autumn term
  • SP: Spring term
  • SU: Summer term
  • FY: Full year 
  • AP: Autumn and Spring terms
  • PS: Spring and Summer terms
  • AS: Autumn and Summer terms

COMPONENT 01: CORE

MSc Finance and Investment: Dissertation
(40 CREDITS)

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

COMPONENT 02: CORE

Research Methods in Finance: Empirical Methods in Finance
(20 CREDITS)

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

COMPONENT 03: CORE

Data Analytics in Finance
(20 CREDITS)

Big data - where datasets are so large they cannot be processed using traditional techniques – is useful to financial organisations. This module explores how to analyse big data and covers areas such as predictive analytics, risk modelling and corporate finance. You also learn about the application of data analytics in high frequency finance, fraud and personal finance.

View Data Analytics in Finance on our Module Directory

COMPONENT 04: COMPULSORY

Trading Global Financial Markets
(20 CREDITS)

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 on our Module Directory

COMPONENT 05: COMPULSORY

Portfolio Management
(20 CREDITS)

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

COMPONENT 06: OPTIONAL

Option from list
(20 CREDITS)

COMPONENT 07: OPTIONAL

Option from list
(20 CREDITS)

COMPONENT 08: OPTIONAL

Option from list
(20 CREDITS)

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

£13,030

International fee

£20,350

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.

2021 Open Days (Colchester Campus)

  • Saturday, October 23, 2021
  • Saturday, November 13, 2021

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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