MSc Finance
The course
- Delivery
- Full-time, Part-time, Per course
- Course type
- Taught
- Location
- Edinburgh
- Entry date
- September
Contact
Got questions about this programme?
Contact our enquiries team.
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)
September 2023 entry
The deadline for applications from Scottish and RUK students is 31st August 2023. For EU and overseas applicants, we guarantee to consider applications submitted by 1st August 2023.
Accreditation
Heriot-Watt University is accredited as a Bloomberg Experiential Learning Partner, recognising us as a leader in experiential learning in the area of finance.
Go Global
Some of our Postgraduate Taught Masters Programmes are eligible for Inter-Campus Transfer. Please contact goglobal@hw.ac.uk for further information.
Course content
| Semester 1 (Sept - Dec) | Semester 2 (Jan - April) |
|---|---|
|
Corporate Finance |
Derivatives |
|
Corporate Governance |
Research Methods |
|
Financial Analysis |
Research in Finance |
|
Capital Markets |
One from:
|
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.
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:
- 20 weeks English (for IELTS of 5.0 with no skill lower than 4.5)
- 14 weeks English (for IELTS of 5.0 with minimum of 5.0 in writing and no skill lower than 4.5)
- 10 weeks English (for IELTS of 5.5 with no skill lower than 5.0)
- 6 weeks English (for IELTS 5.5 with no skill lower than 5.5)
Fees
| Status | Full-time | Part-time | Per course |
|---|---|---|---|
| UK | £9152 | £4576 | £1144 |
| Overseas | £20376 | £10188 | £2547 |
Footnotes
- Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.
- Fee per course (module). Refer to the Course Content to see how many courses comprise the full programme.
- Overseas includes applications from European Union countries who do not hold Pre-Settled or Settled status in the UK. Read more about the application process for EU nationals.
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 scholarships.