Finance, M.Sc.

  • N/A
    Application Deadline
  • 12 months
    Duration
  • Tuition
    20000
    Tuition (Year)
    15500
    Tuition (Year)
  • English (take IELTS)
    Language
University rank #137 ,
The Masters in Finance is an ideal preparation for careers in finance, financial management or higher education. The programme provides specialist study in financial markets, investments, financial instruments and risk management.

About

The Masters in Finance is an ideal preparation for careers in finance, financial management or higher education. The programme provides specialist study in financial markets, investments, financial instruments and risk management.

As there is no generally recognised professional qualification in finance, it is particularly suitable for graduates in quantitative subjects who wish to prepare for careers in the financial services sector, and it provides a suitable advanced education in finance for good graduates from a wide range of disciplines.

Many holders of the MSc are now employed in senior positions in banks and financial institutions in the UK and world-wide. Several others have entered careers in higher education and research.

Programme Structure

The MSc Finance and the MSc Accounting and Financial Management are supremely flexible: you can switch between them at an early stage if you find your interests changing.

Michaelmas Term (October to December)

In this term you take four introductory modules:

  • Introduction to Financial Markets
  • Introduction to Finance
  • Introduction to Accounting
  • Introduction to Quantitative Methods

Plus four further assessed modules:

  • Financial Markets
  • Foundations of Finance
  • Principles of Financial Reporting
  • Quantitative Methods for Finance

You also complete a non-assessed two-week module on Financial Databases.

Lent Term (January to March)

You take at least two of the following modules:

  • Advanced Corporate Finance
  • Advanced Investment Management
  • Financial Econometrics
  • Fixed Income Markets

Plus up to two chosen from:

  • Advanced Management Accounting
  • Behavioural Finance
  • Corporate Governance
  • Derivatives Pricing
  • Financial Reporting for Complex Entities
  • Financial Statement Analysis
  • Professional Ethics: Standards in Accounting and Finance Practice
  • Risk Management in Commercial Banking

Summer Term (May to September)

From May to July you work solely on your Masters dissertation and progress report, with guidance from your academic supervisor.

You continue this work throughout the remainder of the summer, submitting your dissertation in September, at the end of the Masters programme.

There is a wide choice of dissertation topics, and some recent examples include:

  • Option bounds and option pricing with limited information

  • Structural models of credit risk

  • Corporate payout policy: theory and evidence

Graduation takes place in December at Lancaster.

Detailed Programme Facts

  • Full-time duration 12 months
  • Study intensity Full-time
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 7

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test

    StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

  • Minimum required score: 100

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

You need the following GPA score:

Required score: Upper Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

at least 2:1 honours degree or equivalent; IELTS 7.0 if first language is not English.

Tuition Fee Per Year

  • GBP 20000 International
  • GBP 15500 EU/EEA

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.