Durham University

Degree level: Postgraduate

Finance (Finance and Investment) (Taught)

Course options

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Course summary

Our MSc in Finance (Finance and Investment) is designed to immerse you in a challenging and exciting subject that has the potential to create life-changing opportunities for people and institutions across the globe. You will develop essential skills and knowledge in finance and investment that employers around the world are constantly seeking and you will also build an understanding of the advanced analytical and technical capabilities required by world-leading PhD programmes. This knowledge will be delivered within the context of our core values of fairness in how we experience the financial world and equality of access to financial services. The 12-month full-time programme comprises a combination of core and optional modules, culminating in a practice-based business project or a research-based dissertation depending on the learning direction you choose. Core modules include derivative markets, portfolio management, financial risk management, security analysis, econometric methods and advanced financial theory. The option modules give you the opportunity to tailor the course to your specific interests and career goals. This course is taught by specialist academics and is affiliated with the Chartered Financial Analyst Institute (CFA), the leading global association for investment professionals and the accepted benchmark around the world for technical excellence in financial markets. The School has made a significant investment in database resources, giving you access to live and historical data from providers including Bloomberg, Capital IQ, Thomson Reuters, DataStream and Orbis. These state-of-the-art databases give you the opportunity to interrogate the financial records of millions of companies worldwide and add valuable insight to your research. Participation in our MSc in Finance (Finance and Investment) will set you on the road to a stimulating and fulfilling career in finance or financial research by equipping you with the necessary skills and experience taught to the highest academic standards within an exciting learning environment. Course structure Core modules: Derivative Markets develops your ability to critically review this specialist subject in preparation for deeper study in the area of risk management. It will also enhance your knowledge and understanding of the nature and uses of financial derivatives. Portfolio Management develops your knowledge and understanding of the subject and its key features including asset allocation and portfolio composition. The module covers current theoretical and empirical research in the field of portfolio theories and its implications on alternative portfolio composition and management strategies.   Financial Risk Management develops your understanding of how risk can be managed by financial derivatives and about the issues that surround their use. You will develop skills in analysing academic literature relating to risk management, these skills will be crucial for dissertation research.  Security Analysis examines areas including investment banking and companies, common stocks, accounting information, earnings estimations and analyst forecasts. You will also develop skills in analysing academic literature relating to security analysis, these skills will be crucial for dissertation research.  Econometric Methods is designed to provide you with the knowhow to carry out empirical research in economics or finance and to understand the more advanced econometric techniques that will be taught in the second term. Advanced Financial Theory offers stimulating and rigorous training in modern financial theory and in the most important current research with an emphasis on application of finance principles. You will also develop an advanced understanding of normative and positive research in financial theory together with the related descriptive and empirical evidence.

  • Dissertation*

Modules

Examples of optional modules: Bank Management; Banking and Financial Intermediation; Behavioural and Neurofinance; Capital Market Development; Climate Finance;  Corporate Finance; Financial Modelling and Business Forecasting; Financial Technologies I; Financial Technologies II; Fintech Regulations;  International Study Tour; Islamic Capital Markets; Market Microstructure; Python for Finance; A language module.

Assessment method

This stimulating course is based at the state-of-the-art business school – a vibrant learning community with all the facilities you will need for a fulfilling learning experience. Learning is delivered through lectures, some given by guest speakers, in seminars, practical sessions and in extracurricular activities. Seminars will see you working in a smaller group to discuss lecture topics and debate and solve issues raised. Practical work comprises medium-sized group sessions, in which you can practise computer software, applying topics from lectures and seminars. You will undertake a combination of core and optional modules which will enable you to carry out in-depth study of particular topics. You will also complete an independent 12,000-word dissertation. Typically, you will attend 10 hours per week of lectures in the first term, nine hours per week of lectures in the second term and undertake a one-hour seminar per module every two weeks. Pre-sessional modules in accounting, economics, and mathematics and statistics, are offered in September and October in the form of five lectures and five seminars per module. Assessment on this course is rigorous and carried out through exams in January, May and June, a range of assignments and a 12,000-word dissertation in which you carry out independent research and develop your analysis skills. Outside of timetabled contact hours, you will be expected to undertake your own independent study in preparation for exams, seminars, assignments and other forms of assessment as well as general background reading in order to broaden your subject knowledge.


How to apply

International applicants

If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take a pre-Masters pathway programme at the Durham University International Study Centre.

Entry requirements

The equivalent of a UK first or upper second class honours degree with evidence on your degree transcript of a good grade in a minimum of one mathematical/statistics module at a level equivalent to a second year British Honours Degree standard. Where the only evidence of mathematical/statistics modules is at a level equivalent to a first year British Honours Degree standard, we may require that applicants undertake our admissions mathematics test. This will be determined by the Postgraduate Admissions Team upon considering each application.


English language requirements

Durham University welcomes applications from all students irrespective of background. We encourage the recruitment of academically well-qualified and highly motivated students, who are non-native speakers of English, whose full potential can be realised with a limited amount of English Language training either prior to entry or through pre-sessional and/or in-sessional courses. It is the normal expectation that candidates for admission should be able to demonstrate satisfactory English proficiency before the start of a programme of study, whether via the submission of an appropriate English language qualification or by attendance on an appropriate pre-sessional course. Acceptable evidence and levels required can be viewed by following the link provided.

English language requirements

https://www.durham.ac.uk/study/international/entry-requirements/english-language-requirements/


Fees and funding

Tuition fees

Republic of Ireland £32750 Year 1
EU £32750 Year 1
England £15500 Year 1
Northern Ireland £15500 Year 1
Scotland £15500 Year 1
Wales £15500 Year 1
Channel Islands £15500 Year 1
International £32750 Year 1

Additional fee information

No additional fees or cost information has been supplied for this course, please contact the provider directly.

Sponsorship information

For further information see the course listing.

Finance (Finance and Investment) at Durham University - UCAS