Taught course

Law and Finance Master of Science

Institution
Queen Mary, University of London · Centre for Commercial Law Studies - CCLS
Qualifications
MSc

Entry requirements

You should have a good second class honours degree, or equivalent, in Law or Finance (Economics). Relevant professional experience and/or other experience may also be considered. Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. Find details on our English language entry requirements. If you do not meet our language requirements it might be possible for you to undertake our pre-sessional English language programmes that will prepare you for the masters programme.

Banking and Financial ServicesLaw and Financial Regulations

Months of entry

September

Course content

Overview

The MSc Law and Finance programme is offered jointly by the Centre for Commercial Law Studies (within the School of Law,) and the School of Economics and Finance at Queen Mary, to fill a significant gap in the current academic and professional training market in the UK and Europe. It will equip you with the knowledge, skills and practical tools needed to gain a thorough understanding of global economics and finance, and how this area is regulated by law. Such interdisciplinary skills are needed in order to manage the financial crisis and regulate the market effectively.

You can learn from and interact with some of the best academics and industry experts in their fields, many of whom advise and work with numerous leading institutions including the World Bank, national and international governments, the European Central bank, the IMF, the Bank of England, the European Union, the WTO, the Federal Reserve Bank of New York, Bloomberg, leading UK and International Banks, the FSA and leading International law and accountancy firms.

This programme will:

  • Enhance your career options by allowing you to specialise in the highly sought after interdisciplinary areas of law, economics and finance.
  • Allow you to tailor the programme to suit your interests by choosing one of four pathways: General; Banking and financial services; Law and financial regulation; or, Law and corporate finance.
  • Provide you with the theory, knowledge, practical skills and latest developments required to work in both emerging and established economies in legal, banking, financial, governmental or research institutions.
  • Provide professional module exemptions for the CISI (Chartered Institute for Securities & Investment) Masters in Wealth Management and the CBI Chartered Banker Diploma

Structure

MSc Law and Finance is available for one year full-time study or two years part-time study. If you are considering part-time study you should be aware that lectures are held both during the day and in the evening.

You can choose one of four paths: General; Banking and Financial Services; Law and Financial Regulation; and Law and Corporate Finance.

Each taught finance module is worth 15 credits; each taught legal module is worth either 22.5 or 45 credits. The taught component of the programme is followed by examinations and a 15,000-word dissertation.

Optional mathematics and statistics classes

If you want to review concepts such as statistical distributions and matrix algebra you will have the option to attend modules during induction week and week one of the first term.

Optional pre-sessional law classes

If you want to review basic concepts in the Anglo-Saxon legal system you will have the option to take classes during the first two weeks of term. The aim of these classes is to give you an understanding of the origins of Common Law, the sources of English Law as well as Equity and Trusts. The course is especially recommended for those who are not familiar with a legal framework or have no prior knowledge in the Anglo-Saxon legal system.

The introduction to financial markets and financial transactions class provides an overview of the concept and functions of financial markets, identifies the main players in financial markets and the main type of financial transactions, and outlines the rationale for financial regulation.

Professional module exemptions

  • If you intend to apply for the Chartered Institute for Securities and Investment (CISI) Masters in Wealth Management programme you can apply for an exemption from the first module, Financial Markets. For this you will need to:
    • Join CISI as a student member and complete modules: Principles of accounting, Financial Derivatives and Investment Management.
    • After graduating from the MSc Law and Finance, you will need to complete an exemption form, submit your module results and pay an exemption fee of £75. Once you have applied for an exemption from Financial Markets, you will need to pass an exam in two further modules to gain the overall CISI Masters in Wealth Management.
  • If you intend to apply for the Chartered Banker Diploma from theChartered Banker Institute (CBI) you will be eligible for exemptions from the following Chartered Banker Diploma modules.
    • If you take QMUL modules: Ethics in Business and Finance (option) and Banking Law (compulsory) you will be eligible for exemption from CBI module: Risk Management for Banking (option).
    • If you take QMUL module: Professionalism Regulation and Ethics (Compulsory) you will be eligible for exemption from CBI module: Risk Management in Banking (Core).
    • In addition to the subject specific credits, the CBI offers one further Notional credit for a core unit, for example if you study any combination of three of the following modules: Regulation of Financial Markets, Business Finance, Principles of Accounting, Financial Markets, Financial Economics, Commercial and Investment Banking, Secured Finance in Commercial Transactions. If you gain three credits, two subject specific credits and one notional, you will be eligible to apply for CBI Associate status.

General programme

You must take a total of 180 credits to include the Law and Finance Dissertation (45 credits), at least one Law module (45 credits) or two Law modules (22.5 credits) and three Finance modules (15 credits each, a total of 45 credits) to be selected from the list of options below.

Module Availability: The modules listed under each programme structure are representative and not all options will be available every year.

Dissertation:

  • Law and Finance dissertation (45 credits)

Finance modules

Find the full module descriptions [PDF 31kb] (Each module is worth 15 credits)

  • Quantitative methods in finance
  • Principles of accounting
  • Financial economics
  • Financial derivatives
  • Commercial and investment banking
  • Investment management
  • Financial management
  • Risk management for banking
  • Business finance
  • Law and Finance in Practice

Law modules:

Each law module is worth 22.5 or 45 credits.

Specialist Pathways

You must take a total of 180 credits to include the Law and Finance Dissertation (45 credits), at least one Law module (45 credits) or two Law modules (22.5 credits) and three Finance modules (15 credits each, a total of 45 credits).

Read about the three specialist pathways and the available modules for each:

Optional short courses

The School runs a set of support modules and practical classes (in addition to the MSc programme modules) specifically intended to equip students with further practical training and key technical skills to improve employability prospects.

These modules are often taught by leading finance professionals working in the finance centres of the City. Their extensive practical experience, combined with the academic credentials of our faculty, allow us to create a superbly balanced and enriched educational programme.

Module options include:

Fees and funding

Tuition fees for Home and EU students

2014 entry
Full time £12,600

Tuition fees for International students

2014 entry
Full time £18,000

Funding

There are a number of sources of funding available for Masters students.

These include a significant package of competitive Queen Mary bursaries and scholarships in a range of subject areas, as well as external sources of funding.

School of Law scholarships

The School of Law offers a range of scholarships for Law Masters programmes each year. Full details are made available on the law funding page from October – November each year. http://www.law.qmul.ac.uk/postgraduate/funding/index.html

Qualification and course duration

MSc

full time
12 months
part time
24 months

Course contact details

Name
Lincoln's Inn Fields
Email
MScLawFinance-enquiries@qmul.ac.uk
Phone
+44 (0)20 7882 385344 (0)20 7882 8099