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Finance and Econometrics

MSc ( 1 year Full-time )

Overview

The MSc in Finance and Econometrics is a specialist degree aimed at providing you with rigorous training and a strong analytical background in finance, financial economics and econometrics. This masters degree is ideal for those who aim to pursue careers as financial economists, quantitative analysts and financial econometricians in the private sector, in the government or in international financial institutions.

Our Finance and Econometrics degree will develop your financial expertise to the highest level.

Unique features of the MSc in Finance and Econometrics are:

  • This degree covers all the analytical tools and advanced materials in quantitative asset pricing, econometrics, financial derivatives, and financial econometrics.
  • Training in relevant mathematical and statistical methods and how to conduct, assess, and supervise both theoretical and applied research in the field.
  • Possibility to continue to MRes study upon successful completion of the MSc, with the option to progress to doctoral study in the School of Economics and Finance.
  • 5 scholarships available worth £5,000.

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

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. We have published research in virtually all the top economics journals. In the REF 2014, the School of Economics and Finance was ranked among the top then in the country for research power. Meaning that you will learn from academics who are leaders in the field.

The School’s close geographical proximity to London’s key financial districts – the City of London and Canary Wharf, along with its excellent reputation and high rankings has allowed us to develop close links with some of the top names in the banking and financial industry, such as the Bank of England, The HM Treasury, Goldman Sachs, Aviva Investors, Frontier Economics, HSBC and Interactive Brokers.

The Chartered Institute for Securities and Investment (CISI) has recognised the School of Economics and Finance as a Centre for Excellence in Financial Services, and we are associated with a number of professional bodies; to include the Chartered Financial Analyst UK (CFA), the Chartered Institute for Securities and Investment (CISI), and the Chartered Banker Institute (CBI). The School also has a partnership with Frontier Economics –Europe’s leading economic consultancy.

Due to the success and employability of our alumni, EFinancialCareers has ranked our School in the top 15 Masters in Finance programmes in the world for employability prospects in large investment banks.

As with all of our masters degrees, MSc Finance and Econometrics offers:

  • Invaluable contributions from respected City practitioners and industry experts who also teach students, bringing practical insights in to the classroom by applying theory to real world scenarios.
  • A fully integrated careers programme, a dedicated careers consultant, and extensive industry links that aim to maximise your employment prospects.
  • 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.
  • High rate of employment of our students within six months of graduation.
  • 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.
  • The opportunity to join QUMMIF – the only Investment Club of its kind, which allows students to trade real money (currently £30,000) in order to obtain relevant, practical work experience in trading and portfolio analysis.

Facilities

The School of Economics and Finance offers excellent facilities and resources to its students.

IT Software/Trading Room

  • 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.

News

Free online subscription to The Economist and The Financial Times.

Contact

If you are a prospective student or a current applicant and your query is related to admission, then please email sef-pg-admissions@qmul.ac.uk.

If you are a current student or your query is non-admissions related, then please email Nick Owen (n.j.owen@qmul.ac.uk).

Tel: +44 20 7882 7298.

Structure

The MSc in Finance and Econometrics is currently available for one year of study full-time.

You will take three core modules, plus one option in the first semester and one core module, plus three options in the second semester.

The pre-semester modules in maths and statistics take place in September. They are especially designed for students who want to review concepts such as statistical distributions and matrix algebra.

Pre-sessional modules:

  • Mathematics
  • Statistics

Core modules:

Semester A

Semester B

Elective modules:

Semester A

Seemster B

Choose one (or both) of the following:

Choose one (or maximum two) of the following:

More information about the elective modules can be found here.  Please note, not all elective modules are available in every academic year.

During the Summer students complete a 60-credit dissertation (approximately 10,000 words) under the supervision of a member of academic staff. The dissertation is submitted at the beginning of September of the year following entry to the programme.

In total students earn 60 credits from the courses in the first term, 60 credits from the courses in the second term and 60 credits from the dissertation.

In order to reflect the practical and applied side of this programme, the School organises a number of extra optional modules that aim to provide further practical training to students. These modules are often taught by City practitioners, who provide an insider's view on topics of interest to the financial community.

For more information

Contact:

Nick Owen
Tel: +44 (0)20 7882 7298
Email: n.j.owen@qmul.ac.uk

For informal academic enquiries, please contact:

Andrea Carriero
Tel: +44(0)20 7882 8050
Email: a.carriero@qmul.ac.uk

Entry requirements

•    Undergraduate Degree - At the minimum a 2:1 or overseas equivalent is required. (A good performance in a higher degree such as a Masters will also be accepted)
•    Degree Discipline - Any degree discipline is acceptable, but students must have an excellent existing level of mathematics and statistics. Usually, our students come from a Mathematics, Statistics, Sciences, Engineering, Economics and Finance disciplines. 
•    Work experience and professional qualifications - Weight will be given to relevant work experience and professional qualifications but neither is necessary to be accepted onto this course.
•    English Language - Students whose first degree is not taught in an English-speaking country must provide evidence of English language proficiency. 6.5 IELTS overall and 6.0 in Writing or equivalent is the minimum required. Click here for further information.
•    Other aspects of your application - All aspects of your application will be taken into consideration so our decision to make you an offer is not exclusively based on the criteria above.

 

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, group exercise as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You are assigned an Academic Adviser who will guide you in both academic and pastoral matters throughout your time at Queen Mary.

There is also a lively range of reading groups and seminars arranged by Queen Mary and the School of Economics and Finance that you can attend to complement your studies.

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:

The grade for each module is assessed through coursework, which counts for 20 per cent of the final marks, along with a written exam in May for each course unit which counts for 80 per cent.

The 10,000 word dissertation written over the summer counts for four modules (60 credits).

Fees

Tuition fees

Fees are charged at a Home/EU rate for UK and EU nationals, and an overseas rate for International students - find out more about how your tuition fee status is assessed.

Funding

There are a number of sources of funding available for Masters students.

These include a significant package of competitive Queen Mary University of London (QMUL) bursaries and scholarships in a range of subject areas, as well as external sources of funding.

Queen Mary bursaries and scholarships

We offer a range of bursaries and scholarships for Masters students including competitive scholarships, bursaries and awards, some of which are for applicants studying specific subjects.

Find out more about QMUL bursaries and scholarships.

Alternative sources of funding

Home/EU students can apply for a range of other funding, such as Professional and Career Development Loans, and Employer Sponsorship, depending on their circumstances and the specific programme of study.

Overseas students may be eligible to apply for a range of external scholarships and we also provide information about relevant funding providers in your home country on our country web pages.

Download our Postgraduate Funding Guide [PDF] for detailed information about postgraduate funding options for Home/EU students.

Read more about alternative sources of funding for Home/EU students and for Overseas students.

Tel: +44 (0)20 7882 5079
email bursaries@qmul.ac.uk

Other financial help on offer at Queen Mary

We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

Tel: +44 (0)20 7882 8717

Graduate Employment

Careers and employability

Our masters programmes aim to produce fully trained, professional economists and finance experts who are ready to join a dynamic international community.

Our programmes lead to excellent career prospects and our graduates work in a variety of careers. Some apply their degree knowledge directly in international finance, economist or research roles. The transferable skills gained through the programmes, such as analysis, business awareness and data-handling, enable our graduates to work in sectors beyond those directly related to their degree. These include government roles and consultancy. The skills gained through our programmes – coupled with opportunities for extra-curricular activities – have enabled our students to move into careers at home and around the world, such as:

  • Analyst, Citigroup
  • Data Analyst, Bloomberg
  • Analyst, Morgan Stanley
  • Case Officer, Financial Ombudsman Service
  • Economic Analyst, Central Bank of Chile
  • Investment Associate, Standard Chartered, China
  • Management Consultant, PwC, Malaysia
  • Trainee Accountant, KPMG

Careers team

Our Careers and Enterprise Centre is run by professional careers staff and is there to help you prepare for life after university. We can help you to hunt for the perfect job with weekly workshops in job recruitment and selection methods – especially tailored to economics and finance students. You will also have access to mock assessment centres, practise psychometric tests and job interview/application workshops. In many of these workshops you will receive the guidance of experienced finance industry recruiters.

Dedicated School Careers Consultant and Internships Co-ordinator

The Careers Programme for the School is managed by a dedicated Careers Consultant with a background in the banking industry.

You can meet, email or Skype the Careers Consultant and benefit from individual support on any career topic both in term-time and in vacations.

The dedicated Internships Co-ordinator for the School actively engages with employers to increase the number and range of opportunities for which you can apply.

Careers Events

We have a year-round range of postgraduate careers activities. The Focus on Finance month – four weeks of employer-led events, business games and workshops – is designed to equip you with a knowledge of possible job options and how best to apply. It also offers networking opportunities with representatives (including alumni) from recruiters and provides you with the chance to meet many banking and finance organisations on campus.

Examples include:

  • Bank of England
  • Bloomberg
  • Chartered Institute of Insurance
  • KPMG
  • Morgan Stanley
  • RBS.

Links to industry

Our academics and City practitioners also work in well-recognised financial institutions.

This gives you opportunities to network and gain vital knowledge of how your masters study relates to commercial practice.

Profiles

News

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