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Law and Finance

MSc ( 1 year Full-time / 2 years Part-time )

Overview

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Applications are now open for 2018 entry and will close 5 September 2018.

The MSc Law and Finance programme will equip you with the knowledge, skills and practical tools needed to gain a thorough understanding of global economics and finance, and how this area is regulated by law. Such interdisciplinary skills are needed in order to manage the financial crisis and regulate the market effectively.

This course fills a significant gap in the current academic and professional training market in the UK and Europe. It is offered by the Centre for Commercial Law Studies and the School of Economics and Finance at Queen Mary University of London.

You will be taught by some of the best academics and industry experts in their fields, many of whom advise and work with leading institutions including the World Bank, national and international governments, the European Central bank, the IMF, the Bank of England, the European Union, the WTO, the Federal Reserve Bank of New York, Bloomberg, leading UK and International Banks, the FSA and leading International law and accountancy firms.

This programme will:

  • Enhance your career options by allowing you to specialise in the highly sought after interdisciplinary areas of law, economics and finance.
  • Allow you to tailor the programme to suit your interests by choosing one of four pathways: General; Banking and financial services; Law and financial regulation; or, Law and corporate finance.
  • Provide you with the theory, knowledge, practical skills and latest developments required to work in both emerging and established economies in legal, banking, financial, governmental or research institutions.
  • Provide professional module exemptions for the CISI (Chartered Institute for Securities & Investment) Masters in Wealth Management and the CBI Chartered Banker Diploma.

Similar to new Diploma in Law and Finance and Certificate in Finance and Law programmes, this course is presented with a fully integrated careers programme and extensive industry links that aim to maximise your employment prospects.

Institute of Global Law, Economics and Finance

The Institute for Global Law, Economics and Finance (IGLEF) at Queen Mary is a forum for stimulating and conducting interdisciplinary research and disseminating knowledge on the areas of law, economics and finance.

Why study your MSc in Law and Finance at Queen Mary?

The School of Law is firmly established as a centre of national and international excellence in legal studies and research, with leading academics in the field of banking, finance, regulation, insolvency, international commercial law and insurance law, including Professors Rosa Lastra, Philip Rawlings, George Walker, Rodrigo Olivares-Caminal and Dr Leon Vinokur.

High profile guest lecturers teaching on the courses have recently included Sean Hagan, General Counsel and Director of the Legal Department at the International Monetary Fund (IMF), Graham Nicholson, Chief Legal Advisor, Bank of England, Mr Lee Buchheit, Partner, Cleary Gottlieb Steen & Hamilton LLP, USA.

The School of Economics and Finance is one of the top economics schools in the country, with particular expertise in economic theory, econometrics and finance, and applied economics.

You will have invaluable contributions from respected City practitioners and industry experts including banks, fund management businesses, who also teach students, bringing practical insights in to the classroom by applying the theory to real world scenarios.

You will have access to an unparalleled set of optional short courses designed to equip you with further practical training and key technical skills that are highly valued in the Financial Sector.

State-of-the-art facilities such as a virtual trading floor, which provides exclusive access to the latest technology and financial software used in the banking and finance industry, and access to specialised financial and economic databases and software used by economists in finance or in government for data analysis and simulation.

Hui Zheng, Allen & Overy, gave a guest lecture on this programme. He said:

“Mastering the complexities of economics and finance is essential for anyone intending to become an effective international corporate or banking lawyer”

Facilities

You will have access to facilities and equipment at both Schools, including the Postgraduate School of Law Centre in Lincoln's Inn Fields, Holborn, based in the legal district of London, which comprises of workstations, wireless internet access, projectors and a common room. The Graduate Centre at Mile End campus will also provide work areas and social spaces tailored specifically to the needs and working patterns of postgraduate students.

As well as housing the Law Library and a European Documentation Centre, the Queen Mary Library at Mile End provides access to all the main British, European and international textbooks, law reports and periodicals and also offers one of the best commercial law collections in the country. Through the University of London College network, students have access to an unrivalled range of electronic law journals and databases.

In addition, Queen Mary provides free access to extensive online databases and collections including: Lexis, Nexis, Westlaw, Justis, Eur-lex, Hein-Online, Business Source Complete, Index to Legal Periodicals, International Court of Justice Reports, Kluwer Arbitration, Oxford Scholarship Online (Law), Reports of Patent, Design and Trademark Cases, UK Statute law database and United Nations Treaty Collection.

You will be able to access the well-stocked law library at the University of London’s Institute of Advanced Legal Studies (IALS). The Institute, located at Russell Square, a few minutes’ walk from Lincoln’s Inn Fields, is one of the major law libraries worldwide. You will also have access to the University of London Library at Senate House.

The School of Economics and Finance is able to offer excellent facilities and resources to its students.

IT Software

  • Real Time Data/Trading Software: Queen Mary is one of the few UK universities offering training and access to both Reuters and Bloomberg trading terminals (in our designated trading room) as well as Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.
  • Time Series Data Software: A full range of economic and financial data is available through DataStream, Macrobond and the WRDS platform (including Bankscope and CRSP).
  • Statistical Analysis Software: A wide range of Econometric software including Eviews, Stata, Matlab, Gauss etc.

Computers Rooms

  • 2 computers labs with 70 PC s and designated printers.

Trading Room

  • Designated Trading Room offering training and access to Reuters, Bloomberg, Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.

Structure

MSc Law and Finance is available for one year full-time study or two years part-time study. If you are considering part-time study you should be aware that lectures are held both during the day and in the evening.

You can choose one of six paths:

Each taught finance module is worth 15 credits; each taught legal module is worth either 22.5 or 45 credits. The taught component of the programme is followed by examinations and a 15,000-word dissertation.

Part-time

The part-time MSc is essentially aimed at legal/ finance practitioners working full-time in the UK. You will attend the same modules and follow the same teaching timetable as full-time students.

The part-time programme is, however, spread over two academic years.

General pathway

In year one, you will normally complete 90 credits of taught modules. In year two, you will normally take a further 45 credits of taught modules and submit the compulsory 15,000-word dissertation (45 credits). This can of course be changed if necessary, as the dissertation can actually be done in either year. However we would always advise part-time students to take 90 credits of taught modules in their first year if they are timetabled in a convenient slot.

Specialist Pathways

If you choose to follow one of the five specialist pathways you will complete total of 180 credits over the two years. You will complete 45 credits of compulsory law modules and 45 credits of compulsory finance modules spread across the two years from the list of modules linked to the pathway, plus a further 45 credits of optional taught modules and the compulsory 15,000-word dissertation (45 credits).

Pre-sessional (Non-mandatory)

It is strongly recommended to attend a non-mandatory pre-sesional course in Maths and Statistics and one in Law. These two pre-sessional courses are free of charge and last one week each. If you are registered in the programme you are automatically registered for these two pre-sessional courses.

Pre-sessional course: Mathematics and statistics

Students who want to review concepts such as statistical distributions and matrix algebra have the option to attend module(s) during induction week (week zero) within the School of Economics and Finance.

Pre-sessional course: Law

Students who want to review concepts such as the difference between common law and civil, general principles of law and the basis of the different areas of law have the option to attend a module(s) during induction week offered within the Centre of Commercial Law Studies offered within the Centre of Commercial Law Studies.

Students will be also presented with basic Statistics and Statistical software (Eviews - Semester A or B).

Quantitative Research methods for Lawyers - optional non credit bearing (Semester B).

Professional module exemptions

  • If you intend to apply for the Chartered Banker Diploma from the Chartered Banker Institute (CBI) you will be eligible for exemptions from the following Chartered Banker Diploma modules.
    • If you take QMUL modules: Ethics in Business and Finance, ADD Corporate Governance and Responsibility in Finance, ADD Banking Law International and Banking Law you will be eligible for exemption from CBI module: Risk Management for Banking (option).
    • If you take QMUL module: Risk Management for banking (option) you will be eligible for exemption from CBI module: Risk Management in Banking.
    • In addition to the subject specific credits, the CBI offers one further Notional credit for a core unit, for example if you study any combination of three of the following modules: Regulation of Financial Markets, Business Finance, Principles of Accounting, Financial Economics, Commercial and Investment Banking, Secured Finance in Commercial Transactions. If you gain three credits, two subject specific credits and one notional, you will be eligible to apply for CBI Associate status.

Optional short courses

The School runs a set of support modules and practical classes (in addition to the MSc programme modules) specifically intended to equip students with further practical training and key technical skills to improve employability prospects.

These modules are often taught by leading finance professionals working in the finance centres of the City. Their extensive practical experience, combined with the academic credentials of our faculty, allow us to create a superbly balanced and enriched educational programme.

Module options include:

Contact

Application and administrative enquiries:
Kate Allen, Joint Programmes’ Administrator (LLM Law and Economics / MSc Law and Finance)
email: ccls-joint-prog-enquiries@qmul.ac.uk
Tel: +44 (0)20 7882 7228

Academic enquiries:
Dr Leon Vinokur, Programme Director
email: l.vinokur@qmul.ac.uk
Tel: +44 20 7882 8103 or +44 20 7882 8837

Entry requirements

Entry requirements

You should have a 2.1 honours degree, or equivalent, in Law or Finance (Economics). Graduates with good 2.2 honours who also have other legal or finance (economics) qualifications and/or substantial professional legal or finance (economics) experience may also qualify.

In all cases, a full online application is required in order for a fair assessment and decision to be made. Each application is considered on its merits and on sight of full application documents. A full and detailed CV is required for all applications and is particularly relevant where professional experience needs to be considered.

Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website.

If your first language is not English, you must provide evidence of your English language proficiency. Find details on our English language entry requirements.

If you do not meet our language requirements it might be possible for you to undertake our pre-sessional English language programmes that will prepare you for the masters programme.

 
 

Learning and teaching

As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations and group exercises as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You will have a team of advisers to support you, including the Programme Directors, your dissertation supervisor and tutors and your module convenors.

Independent study

For every hour spent in formal classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.

The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.

Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.

Assessment:

Students are assessed by a combination of coursework and exams. Each module has its own distinct method of assessment. You will have to take this into account when choosing your modules and when planning your study time over the academic year. The majority of Law modules are assessed by a written examination and Finance modules are assessed by coursework as well as an examination.

Dissertation:

You will also be assessed on a 15,000-word dissertation.

Teaching Staff

School of Economics and Finance

School of Law

Fees

Tuition fees for Home and EU students

2017 entry
Full time £13,400

Tuition fees for International students

2017 entry
Full time £19,500

Funding

School of Law scholarships

The School of Law offers a range of scholarships for Law Masters programmes each year.

Graduate Employment

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