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Finance (MSc)

MSc | Postgraduate Taught

MSc (T) Finance

Entry year
2021
Entry requirements
2.1
Duration
1 year (Full Time)
Places available
Open (Full Time)
This course is now closed to applications for September 2021. If you are interested in September 2022 entry, please register your interest.
  • Overview

    This course is for you if you have an interest in financial markets, institutions and financial decision making. You want a career in the financial services sector or in academia. You want to be taught and supervised by leading academics.

    You will explore how company managers and investors make financial decisions, how they manage their risk and how financial markets function. Your background may not necessarily be in finance, so this is a great opportunity to gain in-depth knowledge and practical understanding of financial markets and financial decision making.

    MSc (T) Finance highlights

    MSc Finance at Queen's Management School is CFA affiliated.

    Professional Accreditations

    • The programme has been accepted into the CFA Institute University Recognition Program showing that the programme aligns with the Candidate Body of Knowledge (CBOK) - the core knowledge, skills, and abilities that are generally accepted and applied by investment professionals throughout the world.

    Career Development

    • Students may wish to join the Student Managed Fund, which seeks to achieve positive returns through superior stock selection using quantitative and qualitative fundamental analysis. This is a real money student managed investment fund. The goal is to achieve consistent long term positive returns by optimally managing downside risk. The Fund seeks to mitigate risk through sufficient diversification and through a series of strict rules and procedures.

    World Class Facilities

    • Certain classes are held in the Trading Room. Students have access to Bloomberg software, a market leader in financial news, data and analytics, which is used by many financial institutions. The Trading Room allows for an interactive and exciting learning environment which brings textbook theory to life.

    Internationally Renowned Experts

    • Students have the opportunity to hear from industry professionals who regularly deliver guest lectures. Students have the opportunity to network afterwards.

    Student Experience

    • Students will use and have access to software such as Stata, Excel, Matlab, RStudio, Oxyor and databases such as Thomson One Banker, DataStream, S&P Global Market Intelligence and Bloomberg.
  • Course content

    Course Structure

    -

    Semester 1Asset Pricing - FIN7026
    This module offers an introduction to the field of financial economics and provides an understanding of the development of advanced pricing theory. The module starts by examining rational investor behaviour; how investors allocate resources both in certain and uncertain environments, building towards an understanding of how prices are rationally determined in asset markets. Apparent violations of rational behaviour and pricing are then examined to understand better how traders and markets function. Students will also explore portfolio allocation and examine a range of anomalies including the equity premium puzzle. The course concludes with an examination of the efficient market hypothesis and throughout, we shall critique key financial models and economic theory.

    Corporate Finance - FIN9005
    The purpose of this course is to analyse how corporations make major financial decisions. The theory of corporate behaviour is discussed and the relevance of each theoretical model is examined by an empirical analysis of actual corporate decision making. The aims of this module are to familiarise students with the issues of confronting corporations when making investments and financing decisions and to develop the ability of students to obtain corporate information from the Bloomberg database.

    Market Microstructure - FIN7027
    The first part of this module provides a detailed analysis of the contemporary structure of global finance including key market participants and markets, focusing on fixed income and foreign exchange markets. We will then explore the economic issues and structures underlying trading on these markets. The aim of this module is to ensure that students understand the structure, dynamics and trading mechanisms of global financial markets, as well as appreciate the role of key institutions involved in these markets.

    Research Methods in Finance - FIN9008
    The purpose of this course is to provide a comprehensive introduction to econometric techniques used in finance. It contains a treatment of classical regression and an introduction to time series techniques. There will be an emphasis on applied work using econometric packages. The course is designed to give students both theoretical and practical experience of statistical and econometric techniques. A wide range of topics is typically covered including the basic regression model, which includes a discussion of the classical violations of this model and methods for their correction. Students will learn a computer statistical software package (R).
    Semester 2Derivatives - FIN9007
    The aim of this course is to develop in students a theoretical and practical knowledge of derivative instruments. The learning outcomes include understanding the mechanisms of futures and forward markets, pricing futures and forward instruments, constructing hedges using futures, and understanding the mechanisms of option markets. Additionally, the concepts of stochastic processes and its applications in financial modelling is addressed.

    International Finance - FIN9004
    The main goal of this course is to understand the complexities involved in conducting finance across more than one country. It aims to provide students with both practical skills for working in this area and a broader understanding of the role of finance within the international economy. The majority of the course will involve the description of key analytical concepts and theories involved in international finance. These theories are then used to help understand the international elements of important economic and financial phenomena.

    Time Series Financial Econometrics - FIN7028
    Statistics is the science of uncertainty and variation. Econometrics is the application of statistics to economic and finance problems. The aim of this course is to teach students to apply time series financial econometrics techniques sensibly in the context of real-world empirical problems. Use R statistical programming software and RStudio, students will be taught statistical techniques which underpin quantitative investigation in the finance.

    Money and Banking - FIN9003
    This module examines the theory of money and banking. The course considers the main banking and monetary institutions and monetary policy. The overall aim is to provide students with an understanding of monetary and banking institutions and promote a good appreciation of the economic functions and workings of financial those institutions.
    Semester 3Dissertation
    The aim of the dissertation is to provide students with the skills needed for conducting theoretical and/or empirical research in finance.

    OR

    Applied Research Project

    People teaching you

    Mrs Aine Gallagher
    Lecturer (Education)

    Centre for Economic History
    Email: Aine.Gallagher@qub.ac.uk

    Career Prospects

    Introduction
    Successful students will have the necessary skills to have career opportunities in finance, including investment banking, commercial banking, investment management, or other financial intermediaries.

    For recent examples of where our alumni have secured employment, please see the School website.
    http://www.qub.ac.uk/directorates/sgc/careers/

    Learning and Teaching

    Learning opportunities:

    You will gain an in-depth knowledge and practical understanding of financial markets and financial decision making.

    Modules are taught morning/afternoon/evening.

    Assessment

    Assessments associated with the course are outlined below:

    Assessment is by a variety of methods,
    including individual coursework, group work, presentations, simulations, case studies,
    class tests, examinations and dissertation
    or applied research project.

  • Entry Requirements

    Entrance requirements

    Graduate
    Normally a 2.1 Honours degree or equivalent qualification acceptable to the University in Finance, Mathematics, Economics, or other relevant quantitative subject. Science and Engineering disciplines will be considered where there is a significant mathematical component. Performance in relevant modules must be of the required standard.

    International Students

    For information on international qualification equivalents, please check the specific information for your country.

    English Language Requirements

    Evidence of an IELTS* score of 6.5, with not less than 5.5 in any component, or an equivalent qualification acceptable to the University is required. *Taken within the last 2 years.

    International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

    For more information on English Language requirements for EEA and non-EEA nationals see: www.qub.ac.uk/EnglishLanguageReqs.

    If you need to improve your English language skills before you enter this degree programme, INTO Queen's University Belfast offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.

    • Academic English: an intensive English language and study skills course for successful university study at degree level
    • Pre-sessional English: a short intensive academic English course for students starting a degree programme at Queen's University Belfast and who need to improve their English.

    INTO - English Language Course(QSIS ELEMENT IS EMPTY)

  • Fees and Funding

    Tuition Fees

    Northern Ireland (NI) 1 £7,250
    Republic of Ireland (ROI) 2 £7,250
    England, Scotland or Wales (GB) 1 £7,250
    EU Other 3 £20,500
    International £20,500

    MSc (T) Finance 

    1 EU citizens in the EU Settlement Scheme, with settled or pre-settled status, are expected to be charged the NI or GB tuition fee based on where they are ordinarily resident, however this is provisional and subject to the publication of the Northern Ireland Assembly Student Fees Regulations. Students who are ROI nationals resident in GB are expected to be charged the GB fee, however this is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

    2 It is expected that EU students who are ROI nationals resident in ROI will be eligible for NI tuition fees, in line with the Common Travel Agreement arrangements. The tuition fee set out above is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

    3 EU Other students (excludes Republic of Ireland nationals living in GB, NI or ROI) are charged tuition fees in line with international fees.

    All tuition fees quoted are for the academic year 2021-22, and relate to a single year of study unless stated otherwise. Tuition fees will be subject to an annual inflationary increase, unless explicitly stated otherwise.

    More information on postgraduate tuition fees.

    Additional course costs

    All Students

    Depending on the programme of study, there may be extra costs which are not covered by tuition fees, which students will need to consider when planning their studies.

    Students can borrow books and access online learning resources from any Queen's library. If students wish to purchase recommended texts, rather than borrow them from the University Library, prices per text can range from £30 to £100. Students should also budget between £30 to £75 per year for photocopying, memory sticks and printing charges.

    Students undertaking a period of work placement or study abroad, as either a compulsory or optional part of their programme, should be aware that they will have to fund additional travel and living costs.

    If a programme includes a major project or dissertation, there may be costs associated with transport, accommodation and/or materials. The amount will depend on the project chosen. There may also be additional costs for printing and binding.

    Students may wish to consider purchasing an electronic device; costs will vary depending on the specification of the model chosen.

    There are also additional charges for graduation ceremonies, examination resits and library fines.

    MSc (T) Finance costs

    There are no specific additional course costs associated with this programme.

    How do I fund my study?

    The Department for the Economy will provide a tuition fee loan of up to £5,500 per NI / EU student for postgraduate study. Tuition fee loan information.

    A postgraduate loans system in the UK offers government-backed student loans of up to £10,609 for taught and research Masters courses in all subject areas. Criteria, eligibility, repayment and application information are available on the UK government website.

    More information on funding options and financial assistance.

    International Scholarships

    Information on scholarships for international students, is available at http://www.qub.ac.uk/International/International-students/International-scholarships/.

  • Apply

    How to Apply

    Apply using our online Postgraduate Applications Portal go.qub.ac.uk/pgapply and follow the step-by-step instructions on how to apply.

    Apply now

    When to Apply

    The deadline for applications is normally 30th June 2021. In the event that any programme receives a high volume of applications, the university reserves the right to close the application portal earlier than 30th June deadline. Notifications to this effect will appear on the Direct Entry Portal (DAP) against the programme application page.

    Terms and Conditions

    The terms and conditions that apply when you accept an offer of a place at the University on a taught programme of study.
    Queen's University Belfast Terms and Conditions.


    Download a prospectus