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Financial Journalism  MA


Business and economic news continues to dominate the headlines and shape the political agenda. The Financial Journalism MA course is designed to train journalists to the highest professional standards in reporting business, economic and financial news.

Graduates are now working at leading media organisations:

  • The New York Times
  • Reuters
  • Bloomberg
  • CNBC
  • The Wall Street Journal
  • The Financial Times
  • BBC.

Marjorie Deane Financial Journalism Scholarships

Full tuition scholarships exclusively for study on the MAFJ course are offered through the generosity of the Marjorie Deane Financial Journalism Foundation for both UK/EU students and overseas students from developing countries.

Students must apply by 1 April for either the Marjorie Deane studentship (for those from the UK or the EU), or the International Excellence Scholarships (for those from developing countries, excluding those from either EU or OECD countries).

Find out more about the Marjorie Deane Financial Journalism Scholarships in the Fees and Funding tab.

Marjorie Deane Summer School in Shanghai & New York

Through the generous support of the Marjorie Deane Foundation for Financial Journalism, the MA Financial Journalism degree offers two unique features:

Why choose City?

As a student on this course you will take part in several live production days throughout the year. Previous cohorts have covered the UK government's autumn statement.

The course also benefits from its location in the City of London, one of the world's leading financial centres, and has close links to City University London's Cass Business School.

Student work 2015

Watch City Business News 10 April 2015, produced by students on the MA Financial Journalism programme.

City University London is now ranked first in the UK as Best Graduate University for Media and Communications Professionals according to LinkedIn rankings.

LinkedIn ranked universities based on how successful recent graduates have been at landing desirable media jobs.

Find out more about City's graduate success.

Alumni Manisha Jha talks about her experiences studying the  Financial Journalism MA

Manisha is from India where she gained an impressive CV before joining City University, she is now a Rotation Reporter on the European Stocks team at Bloomberg.

Course Fees:

  • Full-time EU: £10,000
  • Full-time Non EU: £19,000

Start Date:

September 2016

How to Apply

Entry Requirements

The course is suitable for UK/EU graduates or non-EU graduates with good English skills. It is also suitable for existing journalists who want to specialise in financial journalism, and for individuals with a background in the financial sector who want to work as journalists.

  • You should have an upper second class honours degree in any subject. Considerations will also be given to mature applicants with substantial work experience in the financial sector and/or journalism. Applicants that are below an upper second class degree should still apply, and will be interviewed.
  • City retains the discretion to require an interview before admission to the programme.  For overseas students, this will normally be done by telephone or Skype.
  • Rolling Admissions: students are encouraged to apply as soon as possible to the course. This is a small course and places can fill up quickly. There is a rolling admission policy and students will normally be given a decision within four weeks of application. Interviews, either in person or by telephone, may be required. Once the course is full, students will be put on a waiting list or offered a deferred place.
  • Application deadline for Marjorie Deane full scholarships: 1 April. All students who have been admitted to the programme before 1 April will be eligible to apply for the Marjorie Deane full scholarships which cover all tuition. A limited number of these scholarships are available exclusively to students on the City MAFJ course.

Other Suitable Qualifications

Postgraduate Preparatory Courses for International Students

If you do not qualify for direct entry, our partner INTO City University London offers an academic preparation programme - the Graduate Diploma in Business, Law and Social Science. The course offers a route to City University London through an excellent teaching and learning experience, located in purpose built study facilities. Successful completion of the Graduate Diploma at INTO City University London to the standard required provides guaranteed progression to this Masters degree.

English Requirements

For students whose first language is not English, we will provide support in this area but an IELTS score of at least 7.0 is required (with 7.0 in the writing component).

Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.

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 6 months
  • Students on courses of less than 6 months
  • Students on a pre-sessional English Language course

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

For more information see our main Visa page.

When and Where

Start Date:
September 2016
Full-time (10 months). We advise our students that they need to be available for classes and assignments from Mondays to Fridays during working hours, and occasionally outside those times.

Course Content

The MA Financial Journalism course aims to develop the practical skills and knowledge you need to work in a full multimedia environment, as well as understand of the key concepts and issues in financial journalism, including the effects of the global financial crisis.

By the end of the course, you will have had extensive training in the best professional practice of reporting business and financial news, working across television, radio, print and online media.

You will develop professional skills in

  • interviewing
  • researching
  • writing news stories and features
  • you will develop an understanding of how to obtain and use key economic and financial data, using state-of-the art Bloomberg terminals.

You will have a firm grounding in corporate, financial and economic reporting, the ability to understand and manipulate financial data and to critically analyse announcements by companies and government departments.

The course consisted of three distinctive elements: the modules which teach practical journalism skills, the more specialised financial journalism modules which cover key topics in business and financial reporting, and general courses taught across the department in media law, online skills, journalism ethics, and journalism innovation. Students also complete a final project which demonstrates their ability to write a longer piece of written journalism or a broadcast video to a professional standard.

Course Structure

Core modules:

  • Ethics, Rules & Standards
  • Journalism Portfolio
  • Editorial Production
  • Final Project
  • Key issues in Financial Journalism.

Elective modules:

  • Introduction to Data Reporting
  • Journalism Innovation
  • Reporting Business
  • Reporting Finance.

Teaching and Assessment

The MA Financial Journalism is led by Professor Steve Schifferes, former BBC economics correspondent, and includes both practical training in multimedia journalism skills as well as a more analytic approach to contemporary issues.

The course is taught through a mixture of lectures, seminars, practical workshops, and group and individual assignments which allow hands-on practical experience. You will also carry out a major project of your own in the summer term, under supervision, on a topic of your choice, to publishable or broadcast standards.

Live news exercises

There are four key live news exercises covering online, print, broadcast radio and television production. This includes two online production days on the UK Budget and Autumn Statement producing a web-based special report, and radio and TV production weeks during which you will produce a live half-hour current affairs business programme.

Academic faculty

The Financial Journalism MA is taught by an outstanding faculty, all of whom have years of practical experience as journalists for such organisations as the BBC, Reuters and the Financial Times. Guest lecturers from the highly rated Cass Business School also provide tuition on specialised topics in business and financial journalism.

Guest speakers

Recent guest speakers have included Wall St Journal editor Gerard Baker, Bloomberg News editor-in-chief Matt Winkler, economist Jim O'Neill, the inventor of the BRICs idea (Brazil, Russia, India and China), and David Mulford, former US ambassador to India and Deputy US Treasury Secretary for International Affairs.

Guest Lecturers 2014-15

  • Bill Allen, Senior research fellow, Bank for International Settlements, Basel
  • Paul Ingrassa, Editor in Chief, Reuters
  • Craig Moseley, Assignment editor, CNBC (on site visit)
  • Jane MacCartney, former Times correspondent in China
  • Jim O’Neill, Chief economist, Goldman Sachs, and inventor of BRICS concept (Brazil, Russia India and China as emerging economic powerhouses)
  • Bruce Orwell, Editor, Wall Street Journal Europe (on site)
  • Judah Passow, World press photography award winner
  • Anna Pollak, Head of training, Bloomberg News London (on site)
  • Peter Ramsey, Argus Media
  • Anne Senior, Head of global training, Reuters (on site)
  • Matt Winkler, Editor in Chief, Bloomberg News
  • Alan Wheatley, former Economics correspondent in China for Reuters

City Academics

External Contributors 2013-2014

  • Gerry Baker, Editor in chief, Wall St Journal
  • Leslie Curwen, former Reporter, BBC Business News
  • Cindy Galvin, Managing editor, Argus Media
  • Jorn Madslien, former Features editor BBC News online business
  • Sarah Marquer, Night editor, Bloomberg TV
  • Craig Moseley, Assignment editor, CNBC (on site visit)
  • Bruce Orwell, Editor, Wall Street Journal Europe (on site)
  • Judah Passow, World press photography award winner
  • Robert Peston, Economics Editor, BBC News (on site)
  • Anna Pollak, Head of training, Bloomberg News London (on site)
  • Anne Senior, Head of global training, Reuters (on site)
  • Martin Stabe, Head of digital journalism, Financial Times
  • Stefan Stern, Columnist, Financial Times
  • John Stepak, Editor, Money Week

China summer school speakers


  • Miranda Carr, chief economist, China, NSBO (investment firm)
  • Vicky Chen, Fast Markets (covering Chinese commodity markets)
  • Alan Wheatley, former Reuters economics editor in China


  • Professor David McGuire, former Editor South China Morning Post, Fudan
  • Fredrik Hahnel, General manager, SEB Bank, Shanghai
  • Felix Hamilton, European Chamber of Commerce
  • Duncan Hewitt, former BBC correspondent, Shanghai
  • Professor Doug Young, former Reuters corporate reporter, Fudan University
  • Managing editor and staff, Shanghai Daily (English language daily)
  • Business reporting team, Phoenix TV News, Shanghai Media Group


  • Tania Branigan, Guardian correspondent, Beijing
  • Professor Rick Dunham, Tsinghua University (multi-media journalism)
  • Professor Zhenai Guo, Tsinghua University (Broadcast journalism in China
  • Professor Lee Miller, Tsinghua University (Data Journalism)
  • Professor Hang Min, Tsinghua University (Chinese media)
  • Henry Sanderson, investigative journalist, Bloomberg News
  • Professor Andy Zhou, Tsinghua University (public diplomacy and media)
  • British Council briefing on social media in China from Liu Ping
  • British Council networking reception for UK, China exchange students, hosted by David Willetts MP, Minister for Universities

NYU (New York) summer school speakers

  • Gerard Baker, Editor in chief, Wall Street Journal
  • Gregory Brennan, Founding partner, equity research firm TH Capital
  • Sean Capperis, NYU Furman Centre for Housing Research
  • Bob Ivry, Investigative journalist, Bloomberg News
  • Bethany McLean, investigative journalist, Author “The Smartest Guys in the Room: The Rise and Fall of Enron” and fellow, NYU journalism school
  • Larry Rubenstein, Capital Markets Managing counsel, Wells Fargo Bank
  • Kim Ruhl, Professor of Economics, NYU Stern Business School
  • Mark Thompson, Chief executive, New York Times; and investigative journalism team leader Mike MacIntyre
  • Leslie Wayne, adjunct professor of journalism, NYU journalism school and former business reporter, NY Times
  • Federal Reserve Bank, New York (briefing from chief press officer and visit to gold vaults)

Recommended Reading

Sample reading list for 'Key issues in financial journalism' module

  • Andrew Ross Sorkin, Too Big to Fail
  • Gillian Tett, Fool's Gold
  • Michael Lewis, The Big Short
  • Steve Schifferes and Richard Roberts (editors), The Media and Financial Crises: Comparative and Historical Perspectives

Read the full 2015 programme specification.

Published work by MAFJ graduates

Kimiko de Freytas-Tamura [Financial Journalism MA, class of 2012] writes for New York Times, Britain Scrambles to Fill Skills Gap, January 2014 and for the BBC on the economic impact of the Turkish protests, June 2013.

Spanish Billionaires Hire 4,000 Amid Country's Job Slump. Tom Metcalf [2012 graduate] from Bloomberg reports on Spanish billionaires.

2011 graduate Mario Tadeo writes for CNBC on Hugo Chavez. Time to bet on exit of Socialist Strongman Hugo Chavez.

Articles by Professor Schifferes

Trust-meltdown for business journalism. Professor Steve Schifferes writes for the British Journalism Review, June 2012. (Professor Schifferes presented a summary of this research at a BBC Trust seminar on impartiality and economic reporting in November 2012.)

Has Libor changed the public debate about the financial crisis? Professor Steve Schifferes writes for the BBC Academy College of Journalism, July 2012.

How to: start out in financial journalism. Professor Steve Schifferes writes for, February 2012.

The Future of Financial Journalism in the Age of Austerity. Inaugural lecture by Professor Steve Schifferes (PDF)

Video: The Future of Business Journalism: lessons from the financial crisis. Closing discussion of symposium on the media and the financial crisis, December 2011.


  • Full-time EU: £10,000
  • Full-time Non EU: £19,000


For up-to-date information about tuition fees, living costs and financial support, visit Postgraduate Fees and Finance.

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.


The Marjorie Deane Financial Journalism Foundation - Studentships

The Marjorie Deane Financial Journalism Foundation funds several full studentships exclusively for students who have been offered places on the MA in Financial Journalism. Students must be from an OCED country and a UK/EU resident, and have been made an offer to be eligible, and a separate application has to be submitted to the Course Officer for forwarding to the Foundation, who has the sole responsibility for awarding the studentships. The studentships can cover the full cost of tuition, and discretionary living costs, dependent on need. Full details on criteria and how to apply can be found here.

Deadline: 1st April 2016 at 16:00 GMT

Marjorie Deane International Excellence Studentships

The Marjorie Deane Financial Journalism Foundation is also offering a few competitive studentships to outstanding students from developing countries who wish to study on the MA Financial Journalism course. The aim is to improve the standard of financial and business reporting around the world. Students from EU countries, or countries that are members of the OECD, are not eligible.

All other students who have been offered a place on the course are eligible to apply. The selection criteria are academic achievement and promise, relevant practical journalism experience, and the potential to make a difference in their home countries. The studentships can cover the full cost of tuition. Students should submit a covering letter, CV, written statement explaining how you meet the selection criteria to the Course Officer.

Deadline: 1st April 2016 at 16:00 GMT


The following organisations have also supported students in the Department of Journalism in the past. This is not a guarantee of future sponsorship, and you are advised to check the websites of these organisations for details of future bursary and scholarship schemes:

  • NUJ (George Viner Memorial Fund).
  • Postgrad Solutions. Two bursaries of £500 each, open to both international and UK students. Find out more at the Postgrad Solutions website.
  • British Council: Chevening awards. Usually for non-UK/EU students. Visit the Chevening website for further information.



Work experience is an important part of journalism training, giving you the chance to put your learning into practice and, more importantly, make contacts in the industry and enhance your employability. Many media organisations approach the MAFJ course with requests for interns.  All students are encouraged to seek work experience while they study on this course, although this is not a core requirement of the programme. Internships can be undertaken full-time during the six-week winter break and the summer, as well as part-time during the spring. This programme does not grant academic credit for any work experience undertaken. Some internships, particularly those by large media organisations over the summer, are paid.

Examples of the kind work experience students on this programme have successfully arranged:

  • Bloomberg
  • Reuters
  • BBC
  • Financial Times
  • CNBC
  • Sky News
  • CityAM
  • Which Money

Additionally, there are two specially dedicated internships from Argus Media only open to City University London students, subject to a successful recruitment process.

Visits to Media Organisations

Throughout the course there are opportunities for you to visit and gain inside understanding of the application process at a number of leading media organisations including: Reuters, Bloomberg, CNBC and the Wall Street Journal.

City's Career & Skills Development Service

You will have access to all the services provided by City's Career & Skills Development Service to assist you in finding work experience, as well as support from personal tutors and through seminars specially arranged for MAFJ students.

Career Prospects

Three quarters of our Alumni are still working in London, with others located in major financial centres like New York, Hong Kong, Mumbai, and Singapore. In 2014, nearly all our students had received job offers within three months of graduating from the programme.

2012's MA Financial Journalism graduate Tom Metcalf is a billionaires reporter for Bloomberg, read Bloomberg's Q&A about Tom's work.

Graduate destinations


  • Euromoney
  • Reuters
  • investment banker
  • Fast Markets
  • La Freccia, Rome
  • Argus
  • BBC News
  • Reporter at Law Business Research, New York
  • Bloomberg TV Producer
  • Daily Telegraph SEO producer
  • Reporter, Acquisitions Daily, Mumbai
  • Freelance with Spanish/Catalan press
  • Presenter, Capital TV, Singapore
  • OMFIF communications director
  • Economist - World in 2015
  • Reporter, Tech City Insider
  • Reuters Singapore Bureau
  • Economics reporter, Wall St Journal Europe
  • Teaching at Kings College
  • Nordic private equity reporter, Unquote
  • Lex columnist, Financial Times
  • Communications, Metropolitan Police


  • Danish TV2
  • CNBC
  • Mandate wire (Financial Times group, Hong Kong)
  • Argus Media (energy reporting news wire)
  • Daily Mail, Thisismoney personal finance site
  • Deputy Companies Editor, Financial Times
  • Economic Times (India)


  • Bloomberg News (Billionaires team; Television producer)
  • CNBC (2)
  • New York Times
  • Euromoney
  • Mandate wire (Financial Times group, Hong Kong)
  • Argus Media (Energy reporting news wire)
  • The Independent


  • Bloomberg News (television producer)
  • Wall St Journal/Dow Jones (markets reporter, Tokyo)
  • Financial Times group (Pensions Weekly, Financial Times, Debtwire, and China Confidential)
  • BBC News (researcher and fixer, business unit)
  • Energy Intelligence
  • Citywire
  • Reuters Thompson.

Application Deadline


Please submit the following:

One application form. You can apply using the link below.

  1. A copy of your degree transcript. We require one of the following: an original transcript; a copy certified by your university; or an electronic scan of your transcript. If you have not yet graduated, you will be required to submit your degree transcript as soon as it is available. You will not be able to register as a City student without having supplied your degree transcript. Please also provide a copy of your CV.
  2. Details of your work experience in journalism or the financial sector. Applicants should be able to demonstrate commitment to financial journalism through relevant work experience. Copy and paste the details into the "Personal Statement" section of the online application form.
  3. The following two articles. Copy and paste them into the "Personal Statement" section of the online application form.

    Article 1: explain in not more than 250 words why you want to come on our course and study financial journalism, and what you expect to gain from it. Please include relevant details of your interest and experience in both journalism and the financial agenda. (This replaces the "Statement in Support of Application" requested in the application form.)
    Article 2: a 250-word article on a topic of your choice in business or financial journalism, based on your own personal investigation of the topic, including an interview with someone relevant to the topic.

Apply now

MA Financial Journalism (2016 entry) online application.

Application deadlines

Deadline for the Marjorie Deane Foundation: TBC

Deadline for the Marjorie Deane International Excellence Scholarships: TBC

Deadline for overseas applications: TBC

Rolling admissions for all other applications: Admissions is on a rolling basis and we aim to give a decision within a week of receiving your completed application form.

We suggest that you submit your application as early as possible to avoid disappointment.

It is your responsibility to submit a completed application, including references and articles specified above.

Please return all application material, marked "Postgraduate Applications 2016" to:

Graduate School of Journalism
City University London
Northampton Square