The course

Delivery
Full-time, Part-time, Per course
Course type
Taught
Location
Edinburgh
Entry date
September

Contact

Overview

This programme combines the core principles and techniques of international finance. It develops student knowledge and understanding of academic finance and of the financial sector, including theory, empirical research and practical issues. It is designed for those who wish to pursue a professional career which calls for familiarity with the financial world.

The programme is also designed to provide the knowledge base and the analytical and research skills necessary for doctoral study in finance. Many graduates pursue careers in the financial sector, some within Edinburgh, a major centre for fund management, and home to two of the world’s largest banks.

The programme enables students to understand core theories and concepts in finance; understand and use a range analytical techniques, for example the analysis of a company's financial statements or the application of models to value financial assets; evaluate methods of empirical research and empirical findings; develop practical knowledge of financial markets and institutions and financial decisions within companies; carry out original research via a dissertation; and develop transferable skills, particularly in analytical techniques, communication and teamwork, relevant to employment in the financial sector or in academic research.

Programme duration

  • MSc: 12 months (full time), 24 months (part-time)
  • PG Diploma: 9 months (full time), 21 months (part-time)

Course content

   Detailed course guide
Semester 1 (Sept - Dec) Semester 2 (Jan - April)

Corporate Finance

Derivatives

Corporate Governance

Research Methods

Financial Analysis

Research in Finance

Capital Markets

One from:

  • Comparative Financial Reporting
  • Emerging Financial Markets
  • International Managerial Accounting
  • Modern Portfolio Theory

Between May and August students undertake their MSc dissertation.

Corporate Finance

Semester 1 (mandatory)

This course introduces contemporary topics in corporate finance and looks at the major decisions facing a firm in this area.

Corporate Governance

Semester 1 (mandatory)

Develops understanding of issues relating to corporate governance and the financial research methods used to approach them including principal-agent theory, ownership structure and control, board of directors, CEO turnover, mergers and acquisitions and state versus private ownership.

Financial Analysis

Semester 1 (mandatory)

This course examines how to analyse the financial performance of an organisation through the use of published financial information.

Capital Markets

Semester 1 (mandatory)

Examines the way financial markets and institutions function in practice, with particular emphasis on equities and bonds.

Derivatives

Semester 2 (mandatory)

Develops a thorough understanding of financial derivative instruments, and be able to appraise their application in risk management.

Research Methods

Semester 2 (mandatory)

Looking at both qualitative and quantitative techniques this course will equip students with the means to develop and carry out their own research projects and to evaluate the contributions of others.

Research in Finance

Semester 2 (mandatory)

Covers quantitative methods used in research in the area of finance and financial markets. It will extend knowledge from the main Research Methods course by equipping students with modern methodology applied for the time series analysis. The first part of the course is focused on the theory and the second one on practical applications in the computer lab.

Students will build models of stock and currency prices, evaluate them using different criteria and use them for the forecasts and formulation of trading strategies. They should perform their own work using real data from financial markets. By applying modern econometric methods, students will prepare themselves for their dissertation as well as for further research, either in academia or in the non-academic world.

Comparative Financial Reporting

Semester 2 (optional)

Provides an international perspective to the study of accounting by looking at the reasons for national differences, the tendencies towards harmonisation, the problems of multinational companies, as well as analysis and evaluation of financial reports prepared in other countries.

Emerging Financial Markets

Semester 2 (optional)

Supplements understanding of mainstream finance during the year, and applies it to the specific circumstances of emerging financial markets. This exposure is also designed to assist you with identifying possible dissertation topics and data sources.

International Managerial Accounting

Semester 2 (optional)

Develops understanding and analytical skills of management accounting in an international and comparative context. Includes the changing roles of accountants in a global environment, culture and complexity in management accounting, and managerial accounting in the strategic environment.

Modern Portfolio Theory

Semester 2 (optional)

Covers asset pricing and portfolio selection models including Portfolio Theory, Models of Asset Returns, Capital Asset Pricing Model and Arbitrage Pricing Theory.

Dissertation

Over the summer months students undertake a dissertation.

Entry requirements

A good Honours degree (first or second class), or its non-UK equivalent, in a relevant subject from a recognised British or overseas university.

Work or project experience in the area of finance will be of further advantage.

English language requirements

If your first language is not English, or your first degree was not taught in English, we’ll need to see evidence of your English language ability.

The minimum English language requirement for entry to this programme is IELTS 6.5 (or equivalent) with no component lower than 6.0.

If you do not have IELTS 6.5, we offer a range of English language courses to help you meet the English language requirement for this programme prior to commencing your studies:

  • 14 weeks English (for IELTS of 5.5 with minimum of 5.0 in all skills)
  • 10 weeks English (for IELTS of 5.5 with minimum of 5.5 in reading & writing and minimum of 5.0 in speaking & listening)
  • 6 weeks English (for IELTS of 5.5 with minimum 5.5 in all skills)

Fees and funding

Tuition fees for 2017 entry (by residency status)
Status* Full-time Part-time Per course
Scotland / Non-UK EU £6770 £3385 £850
England / Northern Ireland / Wales £6770 £3385 £850
Overseas £14690 £7345 £1836.25

* If you are unsure which category you fall in to, you should complete a fee status enquiry form, which allows us to assess your fees.

** Fee per course

Scholarships and bursaries

We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support.

View our full range of postgraduate taught scholarships.