Course Overview

Attendance
UK/EU Fees £13,500 *
International Fees £14,500 *
Alumni Discount See details
Duration 1 year

* Price per academic year

Course summary

This course provides a thorough theoretical and practical grounding in the key aspects of investment and risk finance, delivered in an intensive learning environment. You will 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 application of investment and risk principles is one of the main strengths of this programme.

The learning and skills development is integrated with resources available in our Financial Markets Suite (FMS), a state-of-the-art virtual trading room environment. The FMS is interfaced with the Bloomberg system, a leading source of economics and capital markets information available to the global professional financial community. Provision of this Bloomberg resource, along with the academic and professional career development opportunities are the main reasons why our students prefer to select this programme.

The Chartered Institute for Securities and Investment (CISI) – a financial services professional body, has recognised Westminster Business School as a Centre of Excellence based on the taught elements of this course. All students enrolled on the course are eligible for the student membership of the institute. Some of the benefits include free attendance at CPD events, accessibility to industry news and online resources. Students on the course are also eligible to sit the CISI L3 derivatives examinations. 

The course 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 course 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.

The research and project modules are designed to develop your research abilities and create opportunities to explore finance subject areas of your own interest in more depth. This will enable you to apply the analytical and technical management skills you will encounter to real-life situations.

A highlight for many students are the social events organised throughout the course which provide an opportunity for networking with fellow students and alumni. Students on this course also benefit from free access to part of the material on the course reading list.

Course structure

View a suggested timetable for Investment and Risk Finance MSc. 

The following modules are indicative of what you study on this course.

Core modules

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

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.

You will 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.

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

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.

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

Choose two or three of the following: 

Core elective modules

The study is grounded in the case study method and provides the basic numerical toolkit required to analyse a range of listed companies that are pursuing value-based growth strategies. Thus, students will be able to apply a range of equity valuation methods to contemporary stocks, including those companies where growth is focused on mergers, acquisitions and restructuring events.

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.

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

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

If you take two core elective modules, you then need to choose one option module.

Option modules

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.

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.

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.

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 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.

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

Professional recognition

Chartered Institute for Securities & Investment, CISI

Entry Requirements

Typical offer

  • Undergraduate Degree

Applicants should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours or international equivalent) and demonstrate interest and motivation in the subject area. Alternative professional qualifications with at least three years' relevant professional experience will also be considered. Directly relevant degree disciplines include business studies, economics, geography, management, and operations research. However, students with qualifications in other disciplines such as engineering, environmental sciences, the humanities and languages are also encouraged to apply.

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 more information about our entry requirements and the application process

Applicants should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours or international equivalent) and demonstrate interest and motivation in the subject area. Alternative professional qualifications with at least three years' relevant professional experience will also be considered. Directly relevant degree disciplines include business studies, economics, geography, management, and operations research. However, students with qualifications in other disciplines such as engineering, environmental sciences, the humanities and languages are also encouraged to apply.

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.

More information

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.

All students on our full-time Business Masters courses can apply to undertake the PG/MBA Internship Programme, which forms part of the Reflective Practitioner Module.

The internship allows you to test drive a career and explore one of your career interests before you complete your Postgraduate studies!

Completing an 8-12 week accredited internship helps students gain invaluable work experience. This fantastic work experience can be taken in addition to option modules. Students are responsible for finding their own internship with the support of the Business Experience Team.

To express an interest in the module, students must submit a completed application form and a copy of their updated CV. This will give students membership a dedicated website that offers exclusive access to internship vacancies, one to-one CV guidance appointments, mock interviews, employability workshops and much more.

Students can apply to London-based organisations and have the flexibility to take their internship in the summer period or alongside their studies.

Every year we receive very positive feedback from both postgraduate students and employers and expect that the internship programme will continue to remain popular amongst our students.

Find out about postgraduate internships 

The Business Experience Team also offers full-time overseas postgraduate (MA, MSc, MBA) students the opportunity to take part in our Westminster Business School 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.

Our Career Development Centre has just been shortlisted for the Best University Careers Service in the National Undergraduate Employability Awards for 2017.

With a growing network of over 3,000 employers around the world and a team of experienced careers consultants, we are here to help you succeed.

In 2015–16, we helped over 1,500 students find work placements across a range of sectors, with 250 employers attending 14 on-campus skills and careers fairs.

As a Westminster student, you’ll have access to our services throughout your studies and after you graduate.

We can help you:

  • find work placements related to your course
  • find part-time/vacation, placement and graduate jobs, including voluntary experience
  • find international opportunities to enhance your employability
  • market yourself effectively to employers
  • write better CVs and application forms
  • develop your interview and enterprise skills
  • plan your career with our careers consultants
  • meet employers and explore your career options at our employer fairs, careers presentations and networking events throughout the year

Find out more about the Career Development Centre.

Fees and Funding

UK and EU tuition fee: £13,500 (Price per academic year)

Find out how we set our tuition fees.

Alumni discount

This course is eligible for an alumni discount. Find out if you are eligible and how to apply by visiting our Alumni discounts page.

Funding

As well as tuition fee loans, there is a range of funding available to help you fund your studies.

Find out about postgraduate student funding options.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

International tuition fee: £14,500 (Price per academic year)

Find out how we set our tuition fees.

Alumni discount

This course is eligible for an alumni discount. Find out if you are eligible and how to apply by visiting our Alumni discounts page.

Funding

Find out about funding for international students.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

Bloomberg Suite

Students on this course have access to our purpose-built Financial Markets Suite (FMS).

 

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Read more about this state-of-the-art platform used by leading global investment banks.

What our students say

Shrey Jain photo

Shrey Jain

Investment and Risk Finance MSc, 2014

Westminster Business School is amongst a handful of schools in Europe that provide students with a real life working atmosphere by way of delivering several key modules on Bloomberg platforms. The Financial Markets Suite, a simulated trading room with over 20 Bloomberg terminals, is testimony to the fact that the university believes in investing back in students and enhance their learning experience.

Maria Alejandra Zambrano

Maria Alejandra Zanbramo

Investment and Risk Finance MSc, 2017

I now feel more confident in the way I understand and talk about the financial side of businesses and investments. I will never forget how overwhelming it all seemed in the first semester and how that feeling eventually turned into more confidence and more knowledge.nFrom an academic perspective, the MSc Investment and Risk Finance  course provides me with the right leverage to advance in my career. From a personal point of view, all the experiences, memories and the friends made this year are a gift for life.

Fiorella Melo Pisani

Fiorella Melo Pisani

Investment Risk and Finance MSc, 2017

The Investment and Risk Finance MSc is one of the few courses that offers specialization in asset management, so anyone with this degree already has an edge in the job market. The MSc is the perfect combination between academic and applied finance. The diversity of modules offered ensures that every student can make his/her degree a unique experience.

Facilities

Course Location

Our Marylebone Campus has benefitted from a multi-million pound refurbishment resulting in new workshops, digital studios and development of the Marylebone Library. The campus is home to the Faculty of Architecture and the Built Environment and Westminster Business School. For more details, visit our Marylebone Campus page.

Contact us

Call our dedicated team on:

+44 (0)20 7915 5511

Opening hours (GMT): 9am-5pm Monday to Friday

[email protected]

More information

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