Courses

Postgraduate


Investment and Risk Finance MSc

Apply via UKPASS

UKPASS code: 016886 | Institution code: W50 | Attendance mode: Full-time

Start: 14 September 2015
Duration: 1 year

Location: Central London
Campus: Marylebone

All prices quoted are for the academic year 2015/16 only. Alumni discount.

Home/EU: £13,000.00
Overseas: £14,000.00

View course-specific entry requirements

You should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours), or international equivalent with a significant content of quantitative methods. You do not need prior knowledge of finance, but should feel confident dealing with numbers and posses some expertise in mathematics and/or statistics. The course is also open to those from other disciplines in which quantitative methods form a significant part. Exceptionally, non-graduates may also be considered provided they can show evidence of extensive work experience in the field. You need to demonstrate that you have the commitment to benefit from and contribute to the course, as well as the ability to pass the variety of modules which make up the course. If English is not your first language, you will need an IELTS score of 6.5, with a minimum score of 6 in each element.

View standard entry requirements

This course provides a thorough academic and practical grounding in the key aspects of investment and risk finance, delivered in an intensive learning environment. You will have the opportunity to undertake an 8-week internship and learn how to apply the knowledge and theory you have gained in class to real world problems facing the international financial services industry and the corporate financial management community. This practical learning is reinforced through the resources available in our Financial Markets Suite (FMS), a state-of the art virtual trading room environment.

Students, who successfully complete the MScIRF and meet the required conditions of the CISI, a financial services professional body, will be eligible to apply for Membership of the Chartered Institute for Securities and Investment.

Course leader: Dr Harry Thapar

Course content

The programme has been in existence since 1999 and has continued to evolve to meet the changing educational needs of the investment and risk finance professional. It’s delivered by qualified academics and professionals who have worked many years in the industry and are actively engaged in research and consultancy. The programme consists of core modules which help you acquire the ability to perform quantitative investment and risk analyses on a variety of financial instruments and structured products. You’ll also learn how to use capital market products in both investment and risk finance applications. As a result you will develop good transferable skills and solve financial problems in a group setting. Integrated within the course is a research module and a project that provides skills for development in research and creates opportunities for students to explore finance subject areas of their own interest in more depth. This study will enable you to apply analytical and technical management skills you will encounter to real-life situations.

Core modules

Data Analysis

Through this module you will cover a range of data analysis methods and concepts.

Financial Derivatives

This module develops your theoretical understanding of financial derivatives markets. You will price and value financial derivatives from first principles and explore how financial derivative products can be used effectively in risk and investment management applications.

Modern Portfolio Management

Develop your understanding of contemporary portfolio theory and investment management principles in order to actively manage a range of investment funds used by professional institutional investors and the private wealth management industry.

Project

An 8,000-10,000-word dissertation in the area of finance.

Research Methods in Finance and Accounting

This module aims to develop your knowledge and competence of the research process, and the application of research methods in the area of investment and risk finance.

Risk Management

This module provides you with the fundamental ideas and tools for thinking about risk management.

Sub-core modules

Choose two or three of the following:

Contemporary International Financial Management

You will develop analytical skills and an understanding of the stategic decision making process in global companies that are value based and are pursuing growth objectives.

Financial Markets and Institutions

This module offers detailed coverage and analysis of global financial markets and institutions. Theory delivered in class is underpinned by real-life case examples. Students will gain hands-on training and exposure to the Bloomberg system in the Financial Market Suite.

Fixed Income Analysis and Trading

This module provides the fundamental ideas and tools for thinking about traditional fixed income securities.

Forecasting Markets and Risk Modelling

This module explores advanced ideas and applications of econometrics in forecasting financial markets and risk modelling.

Option modules

If you take two sub-core modules, you then need to choose one from the following:

Financial Accounting Policy

You will be able to prepare financial statements up to consolidation with consideration of some of the main accounting standards underlying international financial reports. This module also explores the issues, principles and theories underlying current developments in financial accounting and reporting.

Financial Information Systems

You will develop an understanding of the fundamental concepts and practical skills required by finance professionals as users, evaluators, designers and managers of computer-based financial information systems.

International Financial Reporting

This module will develop your systematic understanding of the principles underlying, and policy issues inherent in, the study of international financial reporting, with particular reference to multinational groups.

Managerial Accounting

Through the exploration of practical applications, critical appraisal, contemporary approaches and international perspectives, this module explores the role of accounting in the management of organisations, and the development and application of managerial accounting concepts and techniques.

You may also take another module from the postgraduate portfolio, at the course leader’s discretion.

Modern Finance

You will gain an overview of fundamental topics in the field of finance, including capital structure, corporate value, cost of capital, dividend policy, financial instruments, investment and modern portfolio theory.

Associated careers

This course is designed to prepare you for a variety of roles. Career choices include security and financial analysis, trading and fund management, capital market sales and administration. The skills you will acquire through the teaching and learning experiences combined with a post-graduate qualification in this area of finance will allow you to expand your career in a dynamic and rapidly evolving global industry. Our graduates go on to develop careers in treasury and front office positions in investment banks and securities companies. They occupy management positions as financial analysts, finance and sales administrators or similar jobs in the global financial services sector and the corporate finance world.

Length of course

One year full-time, starting in September or January

Location

Central London (Marylebone)

As an investment and risk finance postgraduate, you can look forward to excellent career prospects in treasury and front office positions in investment banks and securities companies, as well as analyst or money management positions in the global financial services sector.

Your exposure to the Financial Markets Suite simulated financial trading facility will mean you will be equipped in both the theory and practice of investment and risk finance.

As an investment and risk finance postgraduate, you can apply for Associate Membership of the Chartered Institute for Securities and Investment, which can lead to professional membership and fellowship of the Institute.

Internships

All Full-time Postgraduate (MA, MSC and MBA) WBS students have the opportunity to undertake a 2 month part-time unpaid internship in local organisations, so as to further enhance their academic experience. Our internships take place during the Summer and are in various fields including Marketing, Project Management, Retail, Marketing Communications, Finance, HR and the charity sector.

In order to apply, students must complete an application form (along with a copy of their updated CV) and submit this to the Business Experience Team (BET). Subsequently we then shortlist from the applications received and conduct group meetings with the students, which provides them with an opportunity to understand more about the internship programme and for the BET to better understand their internship aspirations. Ultimately it is up to our internship employers to decide whether they would like to interview the candidate(s) and offer him/her an internship.

We have received very positive feedback from both our Postgraduate students and employers and expect that the Internship Programme will continue to remain popular amongst our students.

Mentoring Programme

The Business Experience Team also offers full-time overseas postgraduate (MA, MSc, MBA) students the opportunity to take part in our WBS Mentoring Programme. We will match students with a senior professional (mentor) from their field of expertise to give them an exact insight into British working practices and policies. Experienced professionals in any business field share their career experiences and knowledge with students who may wish to venture down a similar path in the near future. Our mentors come from a wide range of backgrounds, including Marketing, General Management, Finance and Entrepreneurship. In addition, our mentors typically offer 3 hours of their time over a 3 month period to the mentee (student). In addition, to one-to-one meetings, students are encouraged to keep in touch with their mentor over email and telephone.

Employability

At Westminster, we have always believed that your University experience should be designed to enhance your professional life.We place as much emphasis on gaining skills relevant to the workplace as on learning the academic discipline that you are studying.

Obtaining a placement, part-time or vacation job while you study will provide you with extra cash and help you demonstrate that you have the skills employers are looking for.

In London, there is a plentiful supply of part-time work - most students at the University of Westminster work part-time (or full-time during vacations) to help support their studies.

Visit the employability section on our site

Career Development Centre

Our Career Development Centre can help and support you throughout your study and after graduation. You can use our comprehensive Online Vacancy Service to find part-time, placement, voluntary and graduate opportunities.

Our website provides comprehensive information covering topics such as events, job searching, CVs and applications. We organise presentations, networking events with employers, professional bodies, alumni and other organisations to help you with your career planning.

Our careers consultants are experienced personal development trainers and offer a range of self-development workshops to improve your job seeking strategies, to enhance self-confidence and provide self-marketing techniques.

We offer support for students and recent graduates to obtain volunteer placements and also for those interested in developing their enterprise skills.

We can help you to:

  • Find part-time / vacation, placement and graduate jobs, including voluntary experience
  • Explore how to develop the skills that employers are looking for
  • Plan your career development
  • Identify your career options
  • Market yourself effectively in CVs, application forms and interviews.

Find out more about the Career Development Centre

Career options in your subject area

We offer targeted careers information for this course. View the range of careers options that are available to you after you graduate:

Visit the Career Development Centre's 'finding work in your subject area'

Visit the Prospects 'options with your subject'

Our team of careers consultants work closely with Faculty departments to deliver tailored employability support including subject specific workshops, employer events and careers information, advice and guidance.

Study in the city

If you study at the University of Westminster, everything that London has to offer is on your doorstep.

Our central London campuses are ideally located for the city's fantastic learning institutions including libraries, archives and museums, as well as opportunities for shopping, eating out, enjoying London's nightlife or just simply relaxing.

Accommodation

After choosing your course, one of your biggest decisions will be where to live, and we aim to make that choice as easy as possible. Whether you want to apply for our Halls of Residence or live in private housing, we can help you to find the right accommodation.

Fees, funding, bursaries and scholarships

In recent years the University of Westminster's scholarship scheme has been the largest university scholarships scheme in the UK, and our Scholarships Department won the Times Higher Education inaugural Award for Outstanding Support for Overseas Students.

Personal tutoring

All students on courses of a year or more and who are registered for more than three modules will be allocated a personal tutor.

Your personal tutor will be there to support you from induction onwards, helping you to integrate into the University, academically and socially, at an early stage. They will be able to give you advice and support on academic and personal matters affecting your study, as well as developmental advice through regular individual and group tutorials.

Language support

Polylang is a University-wide programme through which you can study a language as a free choice module.

Personal advice and counselling

While most students overcome any problems with help from friends, family or a personal tutor, the University's free counselling and advice services are there if you need them.

International Westminster

With one of the UK's largest international student populations, the University of Westminster has plenty of experience in giving you the help and support you need to make the most of your time with us.

Study Abroad and Summer School programmes

Westminster's Study Abroad programme has been running for more than 15 years, and is one of the largest in the UK – each year we welcome hundreds of visiting students from universities all over the world.

If you are already studying outside the UK, the programme offers you the opportunity to study with us for one or two semesters, or for a period in the summer.

Sport and recreation

The University has extensive sport and recreation facilities, with a sports hall and gym at Harrow, a state-of-the-art gym at Regent Campus, and the University sports ground by the River Thames at Chiswick.

Students' Union

University of Westminster Students' Union (UWSU) aims to make sure you have the best university experience possible by providing a range of activities and support, from sports clubs to society groups, educational advice and social events.

Information evenings

Upcoming postgraduate information evenings

Date Title Location

View subject specific information evenings

About the faculty

Westminster Business School

Westminster Business School is one of London's leading centres for business education.

Find out more about the faculty

School of Business


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Accreditations

Westminster Business School has been accredited by ACCA and selected as a Centre of Excellence in financial markets by the Chartered Institute for Securities & Investment (CISI).

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Financial Markets Suite

The purpose-built Financial Markets Suite exclusively utilises the Bloomberg platform.

Find out more about the Financial Markets Suite

Harry Thapar in the Financial Markets Suite

Internships

In a bid to provide invaluable work experience to our full-time postgraduate  business students we are giving you the opportunity to apply to undertake a 2-3  month part-time unpaid internship in London organisations.

Find out more about internship opportunities

Blog

Get a sneak peak into the student life at Westminster.

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This blog gives news and insights on Business School education, life on campus, admissions, careers, and more.

What our alumni say

"This degree was absolutely worth every penny and every minute of my time!…"
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Find out more about our recent students' experiences

Mirjana Popovic

Student blog post

Read our blog and find out more about what our current student Shrey Jain has to say about his choice of studying the Investment and Risk Finance MSc.

student-blog-post