|Application deadline:||We have no specific application deadline, and an early application is recommended|
|Tuition fee:|| |
|Start date:||September 2013|
|Credits:|| 120 ECTS |
|Duration full-time:||24 months|
|Delivery mode:||On Campus|
This part-time MSc course is highly relevant to professionals already working in the financial services sector. In particular, it will be highly attractive to those looking to either extend the scope of their current responsibilities or to make a career change into an area such as portfolio management, security analysis, risk management, M & A, or financial consultancy.
The innovative structure allows students to tailor the core courses as well as the electives to their individual interests.
Students are offered the opportunity to take extra electives in the first year and complete their course in as little as 18 months
The structure of the part-time programme is specifically designed to fit around the busy working lives of professionals working in the finance sector. It meets on Tuesday and Thursday evenings and offers a teaching and learning environment that fully complements the demands of working life*
*Students should note that some elective modules or additional tutorial workshops may take place outside of these times.
Induction to The Finance & Investments course starts with an induction programme, mainly dedicated to a refresher course of basic financial mathematics, statistics, computing and electronic databases.
In this module students are introduced to some of the most important concepts in finance. Knowledge of these concepts and ideas are essential for any student of finance. Students will learn about the issues involved in measuring returns and risks for individual assets and for portfolios of assets. They will also benchmark models of risk, such as CAPM and the important decisions surrounding the choice that a firm must make regarding its financial structure and dividend policy. These issues will arise in other modules in the programme and therefore constitute the foundations of the course.
This module will provide students with a review of the classical linear regression model and a discussion of how econometric models can be validly estimated. Both univariate time-series and multivariate structural models will be considered. Emphasis is placed on the practical applications of methods. The module also involves an extensive investigation of VaR as a way of quantifying risk.
Year 1 - Term 2
Two core modules (30 hours each)
The purpose of this module is to introduce students to the two most important cash asset classes: bonds and equities. However, emphasis is placed not only on the cash instruments themselves, but also on some of the derivative contracts which are based on these securities. By bringing fixed income together with equities in one module students will also be able to appreciate both the differences between these two asset classes, but just as importantly the similarities too.
This module will provide students with a clear understanding of how users of financial information interpret accounting reports when making business decisions. The emphasis is on the valuation of both equity and debt instruments. Coverage includes a broad discussion of measurement issues and is based on international accounting standards.
Year 1 - Term 3
Students choose between one and three electives. If all three are completed in year one students can finish the taught part of the course within 18 months.
Electives offered in 2011 are:
Year 2 - Term 1
wo core modules (30 hours each)
The purpose of this module is to analyze the most important approaches to financial (market) and credit risk management for banks and financial institutions. This module analyzes the best practice techniques used to measure and manage these risks. Students will also cover the role of risk management to guide business strategy and achieve shareholder value. Risk management will also be set in the context of the international prudential regulation of financial markets' activity.
Enables students to understand how modern portfolio and asset pricing theory can be employed for the attainment of investment objectives. It covers in detail the formulation and implementation of various active and passive investment strategies as well as the analysis and management of risks associated with particular strategies. Includes practical case studies in portfolio construction and performance and asset allocation. Students use software packages to gain practical experience.
Year 2 - Term 2
Two core modules (30 hours each)
Select two of three
The aim of the course is to develop students' understanding of swaps, options, exotic options and embedded options and their application risk management situations. There will be practical trading simulations and the students will be using the dealing room to gain practical experience.
The increase in the pace of portfolio internationalisation over the past few years means that it is now essential that fund managers understand the foreign exchange markets. Furthermore, foreign exchange is being seen more and more by investors as a separate asset class. This module will demonstrate how foreign exchange risk can be either hedged, or managed effectively so that portfolio returns can be enhanced.
Following the collapse of the world's equity markets between 2001 and 2003, many investors are investing in, or are thinking of investing in, less traditional asset classes as an alternative to equities. The integration of these alternative asset classes into traditional investor portfolios is still at an early stage, leaving investment managers with significant challenges as they seek to satisfy investor demand for these alternatives. It is intended that this module will give students the background in commodities, hedge funds and private equity necessary for today's investment management industry.
Year 2 - Term 3
Up to three electives, depending on how many were completed in year one, and a Business Research Project
Electives offered in 2011 are:
In addition all students will also study a Research Project Management Skills module. This module trains students to undertake independent research either in the context of a single organisation or by using third-party sources. It provides the necessary tools and skills to initiate, research and write up a business project and includes training in research methodology, availability of data sources, project writing, time-management and presentation skills. These skills will be invaluable to students in their future career whether or not they choose to complete a project.
Every year we welcome students from around 100 different nations to study with us here at Cass. It is essential that all students have an excellent command of English in order to participate fully in the collaborative learning process. We therefore require all students who have not previously studied in English to sit an IELTS or TOEFL exam. If you are not a native English speaker but have studied or are studying in English at degree level, please submit a copy of your most recent English language test along with your application.
The required IELTS level is an average of 7.0 with a minimum of 6.5 in writing.
For TOEFL we require 107 (Internet Based Test)
Our TOEFL code is 7650, department code 02
We do not offer a pre-sessional English class as an alternative to achieving these scores. Any pre-sessional course should be viewed as a way of settling into living and studying in the UK and not as a way of topping up an IELTS or TOEFL score.
|CAE score:||75(Grade B)|
|TOEFL paper-based test score:||627|
|TOEFL computer-based test score:||263|
|TOEFL internet-based test score:||107|
We appreciate that a Masters degree is a significant investment. Applicants should therefore consider the financial commitment involved, and ensure that their personal finances for the year are fully thought through.
Each year, the Business School makes funds available for scholarships to outstanding students on each of the full time Specialist Masters courses. These include:
Applications for scholarships are considered on a competitive basis. All applications must be received by 7 May 2012, we endeavour to make decisions regarding scholarships as early as possible but some decisions may be held over to July or August each year.
To qualify for a scholarship you must have a first class degree or equivalent, be in need of financial assistance, and be in receipt of an offer of a place on a full time Masters course at Cass.
We do not accept scholarship applications from students who have not yet been made an offer of a place at Cass.
Every year dozens of students on our Programme are awarded this bursary in recognition of their previous excellent academic achievements.
This award is open to all applicants on full-time courses on the MSc Programme.
There is no need to apply for the bursary as it is awarded by the Admissions Panel and the candidates are shortlisted from the overall pool of successful applicants. The decisions are made on a merit basis and are usually published in August. If you are awarded this bursary, you will be notified in writing by your Admissions Officer.
The awards usually do not exceed 20% of the tuition fees and take the form of a discount deducted from the second instalment of the tuition fees in January.
Please be informed that it is School policy that only one scholarship/bursary award can be offered to each applicant. Should you be awarded any other scholarship or be funded by an outside source (with the exception of the Chevening Scholarship) you would have to make a choice of which award you would like to accept.
Separate to these scholarship schemes all Bachelors graduates of City University holding a 1st class honours degree are entitled to a 10% discount on the fees of a Cass MSc.
Cass Business School is among the global elite of business schools that hold the gold standard of 'triple-crown' accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS).
We are consistently ranked amongst the best business schools and programmes in the world which, coupled with an established 40-year reputation for excellence in research and business education, enables us to attract some of the best academics, students and businesses worldwide into our exclusive Cass network.
The CFA the global association of investment professionals, recognises the rigour and the relevance of the MSc in Finance & Investment and has awarded this programme partner status.
The CFA is the essential qualification for those wishing to pursue a career in the finance sector and the CFA recognises the MSc in Finance & Investment as strong preparation for their professional exams.
You also have the option of some additional preparatory classes for the CFA exams.
Cass Business School is one of a select group of UK universities to be designated a Chartered Institute for Securities & Investment (CISI) Centre of Excellence. The CISI designation means that Cass graduates who complete the MSc in Finance & Investment will also be eligible for the award of the CISI Diploma without having to take any of the CISI exams.
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.More information on IELTS
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