Financial Economics MSc
The Financial Economics MSc course 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. The Financial Economics course is especially distinctive in the three-way link it establishes between economic theory, quantitative finance and financial regulation.
Interview with course director Professor Giulia Iori
Professor Iori is the leader of one of the groups in Forecasting Financial Crises (FOC), a European scientific project aimed at understanding and forecasting systemic risk and global financial instabilities. Watch Professor Iori's interview with FOC:
You should have an A-level (or equivalent) in mathematics and either:
- at least a 2.1 degree in economics with econometrics at least at the advanced undergraduate level; or
- at least a 2.1 degree in a mathematical subject with either economics to at least a first-year undergraduate level or relevant professional experience in an economic policy or financial sector related job.
If you have a particularly strong background in a mathematical subject, you may be considered even if you have not previously taken economics or attained professional experience, but you will be expected to attend the pre-session induction course in economic analysis.
Other Suitable Qualifications
- English pre-sessional courses: If we think your language competence is "borderline", we may ask you to take a pre-sessional English language course before starting your Masters degree. If you are not referred but are interested in improving your English, you may also attend.
- IELTS: an overall score of 6.5 (with a minimum of 6.0 for each sub-test)
- TOEFL (internet-based): 100.
INTO English language programmes
If you need to improve your English language skills before you enter this course, INTO City University London offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree. Please click the links below for more information:
If you are a citizen of, or undertook your Bachelors degree in, one of the following countries, you are exempt from the requirement to provide proof of English language proficiency:
- Antigua and Barbuda
- The Bahamas
- New Zealand
- St Kitts and Nevis
- St Lucia
- St Vincent and the Grenadines
- Trinidad and Tobago
- The United States of America
The above is a list of UKBA designated majority English-speaking countries. For more information see http://www.ukba.homeoffice.gov.uk/visas-immigration/studying/adult-students/can-you-apply/english-language/#
City University London retains Highly Trusted Status from UKBA, enabling us to sponsor international students to study in the UK.
The way that you apply may vary depending on the length of your course at City, there are different rules for:
- Students on courses of more than 6 months
- Students on courses of less than 6 months
- Students on a pre-sessional English Language course
For more information see our main Visa page.
- Start Date:
- Induction will be taking place in the week commencing Monday 22nd September 2014.
- Full-time - one year
Part-time - two years (with an additional three months to submit dissertation, if required)
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.
This masters 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.
Course StructureCore modules:
- Economics of financial markets
- Financial derivatives
- Financial econometrics
- Financial microeconomics
- Asset pricing
- Financial regulation
- International money and finance
- Numerical methods for financial economic analysis
- Topics in mathematical finance
- Topics in corporate finance
- The economics of micro-finance
- Game theory.
Read the full 2014 programme specification.
Teaching and AssessmentTeaching
The Financial Economics MSc course is delivered through a flexible combination of lectures, seminars and computer lab sessions.
Lectures will be used to introduce you to the key theories, concepts and economic models. In seminars, you will 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 the practical experience of using computer software to perform calculations and conduct realistic simulations. In addition, econometric methods will be 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-session induction courses on economic analysis if you need to build up your background in the fundamental aspects of financial economics.
Each taught module is assessed through a combination of assigned coursework - the nature of which will vary according to the module - and one final examination.
Overall assessment is based on performance in taught modules and your dissertation.
Read the full 2014 programme specification.
- Full-time EU: £11,500 (2013 entry)
- Part-time EU: £6,500 (2013 entry)
- Full-time Non EU: £13,500 (2013 entry)
- Excel (2 days)
Bursaries may be available to self/funding UK/EU students who have excelled at undergraduate level. For more information please contact the course administrator, Madina Howard.
Every year the Marjorie Deane Financial Journalism Foundation offers one or two studentships, worth roughly £10,000 each, to students who have been accepted to do a Masters degree in Economics or Finance at a top UK university. The Foundation tends to favour applicants who have an interest in going into journalism, though this should not preclude others from applying. For further information, please see the Marjorie Deane website at http://www.marjoriedeane.com/
This Financial Economics 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, private companies and governmental agencies including KPMG, IBM Amro IBD, American Express, Central Bank of China, Financial Service Authority, Ecobank Group, Algorithmics, Montpelier Asset Management and HSBC.
92 percent of City's 2009 Economics graduates were in employment or further study six months after graduation.
Find out more about City University London
There is no fixed application deadline. Applications will close when the course is full, so you are encouraged to apply early.
MSc Financial Economics
To apply you will need to submit:
- An application form (either electronically or by post)
- Two academic references
- A certified copy of your undergraduate academic results and degree certificate
- Proof of English proficiency (if you are not a native English speaker, or someone who has not been taught in English for their first degree subject).
Applicants are encouraged to apply online and either upload or email scanned copies of their supporting documents for convenience.
The application form and reference form can also be downloaded via the following links: