School of Economics and Finance

Economics and Finance with a Year in Industry and Integrated Foundation Year (January start)

L1N5 BSc (Econ) (Hons) 5 years

Overview

 

Our BSc Economics and  Finance with an integrated foundation year  and a year in industry (5 years) combines a three-year degree in Economics and Finance with a bespoke foundation year, providing a smooth pathway for international and EU students not currently eligible for entry to a three-year degree programme.  The content and teaching in the foundation year (year one) helps you to build the skills you will need to prepare for the remainder of the programme.  The second and third years cover a core of macroeconomics, microeconomics and the quantitative techniques used in economic analysis and investigation.  Final-year options enable you to apply this core knowledge to a variety of more specialised areas in economics and finance.

Our degree is about the real world: about how people respond to incentives, and the production and allocation of resources. Think how many news items involve economics: the global recession, tax, interest rates, prices, and the job market. Within the Economics domain, Finance studies addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. The Economics and Finance degree offers you professional training in both economics and finance, providing an excellent basis for employment in the private or state sector and for further academic study.

You will combine academic study with a one-year industrial placement between your third and fourth year of study. Taking the Industrial Experience option as part of your degree gives you a route to develop real-world, practical problem solving skills in a professional context. This can give you an important edge in the graduate job market. 

Why study an Economics and Finance degree at Queen Mary? 

The quality of teaching and research within the School of Economics and Finance at Queen Mary has been widely acknowledged. In the 2017 National Student Survey (NSS) we were ranked number 1 in London for student experience. In terms of Research, Economics at Queen Mary has been ranked 10th in the UK for research power in the latest Research Excellence Framework (REF 2014). We are a young and international School with staff from all over Europe and beyond, who have links to important institutions in the City and further afield.

You will be able to choose from a wide range of study options and benefit from a varied programme of visiting speakers. Our established exchange programme allows you to spend either a year in the USA, Australia, Singapore or China or a semester through the Erasmus scheme either in Italy or Spain.

The School offers excellent resources to our undergraduate students. Our students have the exclusive use of two computer labs and ten Bloomberg terminals which give students access to the latest financial software used in the banking and finance industry. We also subscribe to the major statistical databases, and software packages such as those used by economists in finance or in government for data analysis and simulation.

Every year the School of Economics and Finance organises various guest speaker lectures. So, you will be able to attend a varied programme of lectures and talks. Some of the invited speakers in the past include Mark Carney, Silvana Tenreyro, Tim Harford, John Roemer, Lord Meghnad Desai, Charles Goodhart, Rt Hon Roy Hattersley, Dan Corry, Robert Peston, Scott Page, Frank Allen, Lord Sebastian Coe, Richard Lipsey, Richard Layard, and Sanjeev Goyal.

The BSc Economics and Finance degree has been accredited by IMC (Investment Management Certificate) of the CFA UK (Chartered Financial Analyst) so that students graduating from this degree will be able to register for the IMC exam and gain a valuable professional qualification highly sought after in the finance and banking industry.

 

Structure

Year 1, students take the following six modules:  

English Language and Study Skills 
Independent Study Project 
Pure Mathematics for Economics 
Statistics for Economics 
Microeconomics 
Macroeconomics 

and for the remaining two modules (30 credits) the student will choose one pair of electives from:

IFJ3001 Twentieth Century European History I: 1900-1945
IFJ3002 Twentieth Century European History II: 1945-1991

IFJ3003 Introduction to Politics
IFJ3004 Introduction to International Politics

IFJ3005 Introduction to Human Geography 
IFJ3006 The Human Geography of London 

IFJ3007 Introduction to English Literature
IFJ3008 Introduction to American Literature 

IFJ3009 Introduction to Film Studies
IFJ3010 European and American Art Cinema 

IFJ3021 Liberal Arts I - Understanding the Modern World
IFJ3022 Liberal Arts II - Understanding Modern Britain

IFJ3015 Introduction to Business and Management 
IFJ3018 Management

The following additional elective modules will be available to students commencing the programme in September:

IFP4011 French Language and Culture I (a) 
LAN4012 French Language and Culture I (b) 

IFP4021 Spanish Language and Culture I (a) 
LAN4022 Spanish Language and Culture I (b) 

IFP4041 Japanese Language and Culture I (a) 
LAN4042 Japanese Language and Culture I (b)

Year 2

Semester A:

  • Principles of Economics
  • Mathematical Methods in Economics and Business 1
  • Economics in Action
  • Principles of Financial Accounting
  • Career Success for Economics and Finance Students

Semester B:

  • Macroeconomics 1
  • Microeconomics 1
  • Statistical Methods in Economics
  • Mathematical Methods in Economics and Business 2

We have introduced the QMUL Model to all our degrees - this is the Economics in Action module in Semester A. For further information on this initiative please contact Mr James Kilvington, Undergraduate Programme Manager.

Year 3

Semester A:

  • Macroeconomics 2
  • Games and Strategies
  • Econometrics 1
  • Financial Markets and Institutions

Semester B:

  • Microeconomics 2
  • Econometrics 2
  • Capital Markets 1
  • International Finance

Year 4  students will spend a year on an internship.  

Year 5

Semester A:

  • Corporate Finance

Semester B:

  • Futures and Options
  • International Financial Strategy

Plus other five modules, three of which must come from the following list:

  • Corporate Strategy
  • Topics in Econometrics
  • Economics Project 1 (Semester A or B)
  • Economics Project 2 (full-year module)
  • Applied Econometrics
  • Economics of Technology and Innovation
  • Business Cycles
  • Environmental Economics
  • Public Economics
  • Macroeconomic Policy
  • Labour Economics
  • Advanced Microeconomics
  • Health Economics
  • Development Economics
  • Behavioural Economics
  • Political Economy
  • Finance of Emerging Markets
  • History of Economic Thought

 

 

Entry requirements

Academic requirements

To apply for this BSc degree with an Integrated Foundation Year, you need a good High School leaving certificate, which will include GCSE Maths grade 6 (or equivalent), a reference from a teacher, and a personal statement.

You can find more precise details about acceptable High School leaving certificates on our Entry requirements page with International entry requirements by country. Applicants with qualifications that are in principle acceptable for direct entry onto our BSc (Econ) undergraduate degree programmes, such as for example A-Levels, the International Baccalaureate diploma or other suitable Level 3 qualifications, are advised to apply to a degree programme without foundation year. Applicants with qualifications at a level below the published entry requirements for the degrees without integrated foundation year will be considered on a case-by-case basis, with the expectation that these applicants will not normally receive offers for this degree with Integrated Foundation Year.

English language requirements

All applicants to QMUL must show they meet a minimum academic English language standard for admission and to be successful on the course. 

Applicants to this programme are required to achieve a minimum overall IELTS score of 6.0 including a minimum of 5.5 in Writing, and no less than 5.5 in Reading, Listening and Speaking. Further information can be found here

If you require a Tier 4 visa, you will need to take a Secure English Language Test (SELT).

If you do not meet the minimum English language requirements, you can take the 9 week Foundation Pre-sessional Programme, if you have an overall IELTS score of at least 5.5, with a minimum score of 5.0 in all elements (or equivalent).

Further Information

For any other enquiries directly relating to our entry requirements, please contact the Undergraduate Admissions Office directly;

Telephone: +44 (0)20 7882 5511

Email: admissions@qmul.ac.uk

Learning and teaching

The foundation year will endow you with the knowledge and skills set required to study economics at degree level.  In turn, the BSc Econ degree will provide you with a thorough training in theoretical and applied economics. You will be confronted with the latest development in the field and will develop an ability to provide critical and analytical interpretation of past and current economic events. You will be able to engage in policy analysis and you will be able to support it through a competent, informative and critical use of economic data, statistics and quantitative tools. Your ability to engage in economic and policy analysis will be supported by the development of communication, team-building, reflective and project management skills. 

During the foundation year, the modules FP3000 English Language and Study Skills (ELSS) and IFP3020 Independent Study Project (ISP) serve to support students in their academic modules by developing their ability to read and prepare for lectures and classes, participate in classes, and tackle written tests and assignments.  Each student is allocated an academic advisor, who is also their main teacher on the ELSS and ISP modules.  Students have timetabled one-to-one tutorials with their advisor every two weeks, and in these tutorials any problems experiences can be raised, including difficulty experienced on academic modules.  Extra workshops are provided to help students understand what is required of them by assignments for subject modules, and students are also advised on how to make the most of lecturer’s office hours. Also during the foundation year, students can take advantage of the support of a team of peer-mentors, comprising former IFP students who have progressed to undergraduate degrees at QM.  Peer-support sessions are timetabled from the third week of semester one, and students are encouraged to attend if they need help in transitioning to the demands of university life, including their IFP studies.  

Our Economics and Finance with a Year in Industry degree is about the real world: about how people respond to incentives, and the production and allocation of resources. Think how many news items involve economics: the global recession, tax, interest rates, prices, and the job market. Within the Economics domain, Finance studies addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. The Economics and Finance degree offers you professional training in both economics and finance, providing an excellent basis for employment in the private or state sector and for further academic study. Final-year options enable you to focus on mathematical and statistical techniques in finance or more specialised areas of economics.

Why study an Economics and Finance degree at Queen Mary?

The quality of teaching and research within the School of Economics and Finance at Queen Mary has been widely acknowledged. In the 2015 National Student Survey (NSS) 94% and 96% of our students expressed a high level of overall satisfaction with the quality of teaching and support provided for their course, for economics and finance respectively. In terms of Research, Economics at Queen Mary has been ranked 10th in the UK for research power in the latest Research Excellence Framework (REF 2014). We are a young and international School with staff from all over Europe and beyond, who have links to important institutions in the City and further a-field.

You will be able to choose from a wide range of study options and benefit from a varied programme of visiting speakers. Our established exchange programme allows you to spend either a year in the USA, Australia, Singapore or China or a semester through the Erasmus scheme either in Italy or Spain.

The School offers excellent resources to its undergraduate students as part of their degree. Economics and Finance students have the exclusive use of two computer labs and ten Bloomberg terminals which give students access to the latest financial software used in the banking and finance industry. We also subscribe to the major statistical databases, and software packages such as those used by economists in finance or in government for data analysis and simulation.

The School strongly believes that education, personal and professional development also takes place outside the classroom through structured extracurricular activities. Examples of such extracurricular activities organised by the School and open to all students include the research assistant scheme, the maths and book clubs, economics debates, imagery and essay competitions, football and tennis tournaments. The School also actively support the work of two societies, the Economics Society and the Trading and Investment Society.

Every year the School of Economics and Finance organises various guest speaker lectures. So, you will be able to attend a varied programme of lectures and talks. Some of the invited speakers in the past include Tim Harford, John Roemer, Lord Meghnad Desai, Charles Goodhart, Rt Hon Roy Hattersley, Dan Corry, Robert Peston, Scott Page, Frank Allen, Lord Sebastian Coe, Richard Lipsey, Richard Layard, and Sanjeev Goyal.

The BSc Economics and Finance degree has been accredited by IMC (Investment Management Certificate) of the CFA UK (Chartered Financial Analyst) so that students graduating from this degree will be able to register for the IMC exam and gain a valuable professional qualification highly sought after in the finance and banking industry.

Fees and funding

Tuition fees for Home and EU students

2018/19 Academic Year
Sandwich £9,250

Tuition fees for International students

2018/19 Academic Year
Sandwich £16,950

You can either take out a Tuition Fee Loan (see Funding section below) to pay your fees or, if you are paying them yourself, you can pay in instalments.

Tuition fees for a year abroad or placement year on a full time undergraduate course will be a proportion of the full fee for the year in which you commence your time abroad or placement.

For information on field trip and other course related costs which are not included in your tuition fee, please contact the relevant Department/School.

See more general information about fees.

Tel: +44 (0)20 7882 7676
email: fees@qmul.ac.uk

Funding

Queen Mary has a substantial package of scholarships and bursaries which will benefit around 50 per cent of our undergraduate student body.

Scholarships and Bursaries available at Queen Mary for Home/EU Students

There are a number of scholarships and bursaries available each year for home students. Visit our Bursaries and Scholarships page for more information.

Visit our Advice and Counselling website for more information about financial support.

Scholarships available at Queen Mary for International Students

There are a number of Scholarships available each year for International Students including bursaries and scholarships in a range of subject areas.

Find out more about international scholarships.

Some International students may also be eligible for a fee reduction.

Loans and Grants available to help with tuition fees and living costs

Student Finance England administers all grant and loans for your studies if you normally live in England.

If you live in Wales, Scotland or Northern Ireland you have an equivalent Student Finance department for your region.

Through Student Finance England, you can apply for (figures relate to programmes starting from September 2016):

  • A Tuition Fee Loan of up to £9,000 to pay all or part of your fees
  • A Maintenance Loan of up to £10,702 to help pay your living costs like rent, food and travel
  • Extra grants if you have a disability or you have children or an adult dependant
  • You might get a grant to cover some travel expenses if you normally live in England but study away from home. If you’re a medical or dental student you might also qualify for help with the costs of attending clinical placements in the UK.

Visit Student Finance Information to find out more about:

  • How to apply for student finance
  • What eligibility rules apply, including if you already have a degree or previous higher education study
  • What the income thresholds are and how much you might personally get for each element of Student Finance
  • What to do if you have problems getting your Student Finance

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:

  • Additional sources of funding
  • Planning your budget and cutting costs
  • Part-time and vacation work
  • Money for lone parents

For more information visit the Advice and Counselling service website, or call +44 (0)20 7882 8717.

Graduate employment

Graduate employment

Whilst 2018-19 will be the first year this degree has been taught, graduates from Queen Mary’s School of Economics and Finance's other degree courses go on to work in a variety of careers. Most people apply their degree knowledge directly, entering roles in insurance, banking and accounting. Others transfer skills gained during study into sectors such as marketing or law.

The national 2015 destination survey confirmed that 92% of graduates for the School of Economics and Finance were in employment and/or study six months after graduation, with 91% of these individuals working/studying at graduate level. School of Economics and Finance graduates have a strong earning power, with a median salary of £23,157.

The broad range of skills gained through this course, coupled with multiple opportunities for extra- curricular activities and work experience, has enabled students to move into careers such as:

  • Assistant Economist - Health and Safety Executive
  • Auditor - Deloitte
  • Americas Analyst - UBS
  • Graduate Trainee - Royal Bank of Scotland
  • Junior Analyst - Arc Asset Management
  • Junior Consultant - EFront
  • Project Manager - NHS
  • Trader - City Index
  • Trainee Accountant - BDO Stoy Hayward
  • Tax Trainee - Grant Thornton

Throughout the course, students have access to an annual QM Careers and Enterprise Centre programme, to prepare them for internships and graduate level work. This includes employer led workshops on job applications and interviews as well as over 70 employer events to facilitate networks and help students to explore their options.

The School of Economics and Finance has a weekly programme of in-school workshops and events led by the School’s Careers Consultant. These include events such as Meet the Alumni, a mentoring programmes with RBS and access to weekly 1-2-1 appointments with the Careers Consultant to get support with work experience and job applications. There is also a 3 week Focus on Finance programme with workshops on economics in industry and government, working in insurance, investment banking, consulting and accounting, and featuring employers such as KPMG and Bloomberg as well as accountancy training providers.

In addition to the Year in Industry, opportunities for work experience during the other years are substantial given Queen Mary’s location between Canary Wharf, the City and the Olympic Village. Students are encouraged to build their work experience throughout their period of study, through, for example, our QProjects work experience scheme, our QRecruit internships and temporary work hub, the part time work Experience Works event and QMSU Provide volunteering services. Over 1400 vacancies are available to browse on the QM JobOnline vacancy site.

Queen Mary’s extensive campus also provides over 1200 on-campus job and volunteer opportunities ranging from E-learning Assistant to Gym Instructor and from Society President to Student Mentor.

Read more about our careers programmes and range of work experience opportunities on the QM Careers and Enterprise Centre pages.

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