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  1. Financial Economics
    1. 2016
    2. 2017

Financial Economics

MSc |
The course is designed to give you a thorough background in the latest advances in theoretical and mathematical financial economics.

Key Information

Start date

September 2016

Duration

Full-time: one year
Part-time: two years

UK/EU

Full-time: £13,000

Part-time: £6,750 per year

Non-EU

Full-time: £16,000

Part-time: £8,000 per year

Application period

Until There is no fixed application deadline. We close applications when the course is full, so we encourage you to apply early.

Who is it for?

This MSc course has been designed following extensive consultation with alumni currently employed in a variety of finance sector occupations. It addresses both the theoretical knowledge and the analytical skills required for careers in a broad range of financial and finance-related institutions, not just in the private sector but also in central banks, financial regulatory authorities and finance ministries.

The MSc also provides a solid academic foundation if you wish to pursue doctoral research in financial economics, and guidance is readily available if you are considering further study.

Objectives

In a steadily globalising world, the demand for specialists in finance and economics continues to grow. This demand exists across a host of institutions, ranging from policy-making authorities such as central banks and international organisations to commercial banks and brokerages.

The Financial Economics MSc course at City is designed to meet increasing demand by combining solid training in economic theory with practical exposure to the field of finance through a variety of specialised options. It is especially distinctive in the three-way link it establishes between economic theory, quantitative finance and financial regulation.

The range of electives you can study on the Financial Economics MSc course, as well as the coverage of topics within each of the core areas, reflects the relationship between economic theory, quantitative finance and financial regulation. Both the course design and its delivery draw upon the department's expertise in the areas of economic theory, econometrics, financial theory, financial mathematics, corporate finance and regulatory economics.

One of the most exciting aspects of the course is the unique opportunity to combine exposure to regulatory and policy aspects of finance with a thorough training in theory and quantitative methods.

Requirements and how to apply

Entry requirements

You should have some mathematical background (A-level, IB, AP or any other equivalent secondary school qualification) and one of the following:

  • a 2.1 (or equivalent) undergraduate degree in economics or a related discipline (e.g. finance)
  • a 2.1 (or equivalent) undergraduate degree in engineering, applied mathematics, mathematics, theoretical computer science, statistics, physics or any other quantitative natural science

We also consider applications which do not meet these criteria but demonstrate a high degree of relevant professional experience. If you have not previously taken economics, we offer a free pre-sessional course in economic analysis.

All students must also meet the English language requirement for the programme as specified in the next section.

English requirements

All students who join the programme must fulfil the English language requirement in one of the following ways:

  • Hold a degree taught in one of the following countries: Antigua and Barbuda; Australia; The Bahamas; Barbados; Belize; Canada; Dominica; Grenada; Guyana; Ireland; Jamaica; New Zealand; St Kitts and Nevis; St Lucia; St Vincent and the Grenadines; Trinidad and Tobago; United Kingdom; United States of America (This list of majority English-speaking countries is determined by the UKVI. Find out more).
  • Be a national of one of the above countries or Canada.
  • Hold IELTS Academic taken within 2 years of the start of the course, with a minimum of 6.5 overall and a minimum of 6.0 in each component.

Note: We do not accept any of the following as evidence of English language ability for students who require a tier 4 student visa: TOEFL; Cambridge English: Advanced (CAE); Cambridge English: Proficiency (CPE); a degree taught in any country not listed above; a letter or document confirming that the student has been taught in an English-medium educational institution; nor a non-UK school certificate.

INTO English language programmes

If you need to improve your English language skills before you join this programme, INTO City University London offers a range of intensive and flexible English language courses.

Visa requirements

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK, you may need to apply for a visa or entry clearance to come to the UK to study.

The way that you apply may vary depending on the length of your course. There are different rules for:

  • Students on courses of more than six months
  • Students on courses of less than six months
  • Students on a pre-sessional English language course.

If you require a Tier 4 student visa to study in the UK, you cannot undertake any City courses on a part-time basis.

For more information see our main Visa page.

How to apply

To apply you will need to submit:

  • An application form
  • A personal statement explaining why you want to take this course and how your experience and academic qualifications make you a suitable applicant
  • An official copy (and certified English translation if relevant) of your undergraduate academic transcript, or a provisional transcript and translation if you have not yet completed your undergraduate degree
  • An official copy (and certified English translation if relevant) of your undergraduate degree certificate (if this is available)
  • If you have undertaken a postgraduate degree, an official copy (and certified English translation if relevant) of your postgraduate academic transcript and degree certificate
  • A copy of your passport

You can submit the following later if it is not yet available:

  • Proof of meeting the English language requirement: proof of being a national of a country on the list of majority English-speaking countries; a certificate for a degree studied in a country on the list of majority English-speaking countries; or a copy of your IELTS results

The Department of Economics does NOT require references when you submit your application. However, the Admissions Tutor might request them at a later date to help make a decision on your application.

Application Forms

We strongly encourage you to apply online and upload scanned copies of your supporting documents:

If you are unable to apply online, you can download the application form here:

10
research active staff in Financial Economics Research.
16th
for Economics in the UK (QS World University Rankings 2016).
100%
of graduates responding to the 14/15 DLHE survey were in employment 6 months after graduation.

Funding

Explore up-to-date information about funding options, available financial support and typical living costs.

More about funding

Future Finance Loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit the City Finance website.

Scholarships

Graduate Loyalty Discount

The School of Arts & Social Sciences offers a 10% discount on tuition fees for all City graduates.

Learn a language for free

We offer a free language course for City University London students.

Find out how to apply

Teaching and learning

The Financial Economics MSc course is delivered through a flexible combination of lectures, seminars and computer lab sessions. Lectures introduce you to the key theories, concepts and economic models. In seminars you have the opportunity to solve applied problems, analyse case studies and make presentations of research published in leading academic journals.

The computer labs provide you with practical experience of using computer software to perform calculations and conduct realistic simulations. In addition, econometric methods are taught in lab sessions, so you have the opportunity to apply econometric software to empirical research and financial market estimations.

When appropriate, "practitioner slots" - such as research seminars conducted by external financial experts, presentations by invited academics etc. - will be incorporated into module delivery.

We also offer pre-sessional induction courses on economic analysis for students who need to build up their background in the fundamental aspects of financial economics.

Assessment

Each taught module is assessed through a combination of coursework and one final examination. For most modules the coursework contributes 30% of the overall mark and the examination contributes 70%. The nature of the coursework which the lecturer assigns varies according to the module, for example essays, presentations or computer-based data analysis and calculations.

Overall assessment is based on your performance in the taught modules and a dissertation or literature survey. Students require 180 credits to pass the MSc. The weighting of each module within the overall mark is determined by the credit value assigned to that module.

Modules

You will take two 30 credit taught modules, four 15 credit taught modules and will accrue 60 extra credits through one of the following routes:

  • Literature survey: two extra elective taught modules of 15 credits each and a literature survey (Economics Literature Survey) worth 30 credits
  • Dissertation: a 60 credit dissertation (Economics Research Project).

On each route there are two core modules:

  • Dissertation route: core - Financial Markets, Econometrics; electives -  two modules from group one, one module from group two.
  • Literature Survey route: core - Financial Markets, Quantitative Methods; electives - two modules from group one, two modules from group two; two further electives, including possibly one from each of groups one and two.

Note: It is not possible to give exact hours per week because these can vary from one term to the other depending on which electives the students choose.

The teaching takes place over two terms from September to June. Full-time students who pass all the taught modules during the main exam sessions finish the programme at the end of September when they submit their dissertation or literature review. Full-time students who successfully complete the taught modules in the August resit exam session submit their dissertation or literature review in December.

Note: for part-time students, the modules are taught on weekdays during the daytime, alongside the students who are studying on the full-time Master’s programme. Please contact us for further details.

We are introducing a revised programme structure for students who join from September 2016.

Dissertation route modules

Core modules

  • Financial Markets (30 credits)
  • Econometrics (30 credits)
  • Economics Research project (60 credits)

Literature survey route modules

Core modules

  • Financial Markets (30 credits)
  • Quantitative Methods (30 credits)
  • Economics Literature Survey (30 credits)

Elective modules

  • Economics of Regulation and Competition (15 credits)
  • The Economics of Micro-Finance (15 credits)
  • Economics and Business Strategy (15 credits)

Electives

On the dissertation route you will choose two modules from group one and one module from group two.

On the literature survey route you will choose two modules from group one, two modules from group two and two further electives from either group or from the route specific electives.

Group one

  • Financial Derivatives (15 credits)
  • Asset Pricing (15 credits)
  • Corporate Finance (15 credits)

Group two

  • Quantitative Finance with Matlab (15 credits)
  • International Macroeconomics (15 credits)
  • Corporate |nvestment under Uncertainty (15 credits)

Career prospects

The Financial Economics postgraduate course has been designed following extensive consultation with alumni currently employed in a variety of finance sector occupations. Our students come from all over the world and typically have a background in economics, finance or mathematical subjects.

Our recent graduates have found positions in:

  • Financial institutions
  • Governmental agencies
  • KPMG
  • IBM
  • Amro
  • IBD
  • American Express
  • Central Bank of China
  • Financial Service Authority
  • Ecobank Group
  • Algorithmics
  • Montpelier Asset Management
  • HSBC.

The skills and knowledge you develop throughout the Financial Economics postgraduate programme will allow you to pursue a career in a variety of roles within economics and finance. City’s Careers, Student Development and Outreach service can help you with working towards your career goals.

City boasts a global alumni network of thousands and you will also be able to attend career events during your Masters year.

Application Deadline

There is no fixed application deadline. We close applications when the course is full, so we encourage you to apply early.


To apply you will need to submit:

  • An application form
  • A personal statement explaining why you want to take this course and how your experience and academic qualifications make you a suitable applicant
  • An official copy (and certified English translation if relevant) of your undergraduate academic transcript, or a provisional transcript and translation if you have not yet completed your undergraduate degree
  • An official copy (and certified English translation if relevant) of your undergraduate degree certificate (if this is available)
  • If you have undertaken a postgraduate degree, an official copy (and certified English translation if relevant) of your postgraduate academic transcript and degree certificate
  • A copy of your passport

You can submit the following later if it is not yet available:

  • Proof of meeting the English language requirement: proof of being a national of a country on the list of majority English-speaking countries; a certificate for a degree studied in a country on the list of majority English-speaking countries; or a copy of your IELTS results

The Department of Economics does NOT require references when you submit your application. However, the Admissions Tutor might request them at a later date to help make a decision on your application.

Application Forms

We strongly encourage you to apply online and upload scanned copies of your supporting documents:

If you are unable to apply online, you can download the application form here:

Contact details

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