Research course

Finance MRes

Institution
Queen Mary, University of London · Economics
Qualifications
MRes

Entry requirements

Students admitted to the MRes Finance programme will normally have achieved high marks on a postgraduate degree in finance or a related field comparable to the School’s MSc Finance and Econometrics in terms of content and quality. In particular, they should have a thorough knowledge of financial economics and econometrics at the MSc level. A good knowledge of topics in mathematics and statistical theory relevant to finance (including univariate and multivariate calculus, constrained optimization, linear algebra, and probability theory) is also essential. Please note that starting from the academic year 2014/2015 successful PhD entrants will be automatically re-routed to the MRes programme unless they already hold a comparable degree. Applications for admission should include an application form, full transcripts (showing marks for individual courses) from all undergraduate and postgraduate degrees, letters from two referees who can assess your academic potential, and a research proposal of no more than 1000 words. No additional application material is needed to be considered for financial support but explicit reference should be made on the application if financial support is sought. If your first language is not English, you must provide evidence of your English language proficiency - 6.5 IELTS or TOEFLiBT 92 is required.

Months of entry

September

Course content

The Master of Research (MRes) in Finance offered by the School of Economics and Finance (SEF) is a research-oriented postgraduate programme for students who already hold an MSc in finance or a related field and who may wish to progress to doctoral study at Queen Mary (or elsewhere). Students build on their core postgraduate training by completing two advanced modules, one in financial economics and the other in macroeconomics, microeconomics, or econometrics; and can choose from a selection of option modules that cover a range of theoretical and applied topics. Students also conduct original research to fulfil the substantial dissertation component of the degree, which can form the basis of later doctoral work.

The MRes can be pursued as a stand-alone degree or as the first year of a planned PhD, and when appropriate a conditional offer of admission to the doctoral programme will be made. Generous financial assistance is available for candidates with demonstrated potential for a successful research career.

Why join the MRes programme in the School of Economics and Finance at Queen Mary?

The School of Economics and Finance is one of the UK's leading departments, ranked jointly sixth in the UK for overall research quality.
The breadth and depth of our expertise enables us to offer courses and supervision in virtually all major areas of economics and finance. The School has more than 30 research-active staff working in a wide range of research areas, including theoretical and empirical finance, financial econometrics and time series analysis, econometric theory, macro finance, microeconomic theory and game theory, and applied microeconomics. Staff members typically publish in the leading finance and economics journals, with publications over the 2014 Research Excellence Framework period in journals including Econometrica, the American Economic Review, the Journal of Political Economy, the Journal of Econometrics, the Journal of Finance, and many others. Individual members of staff also have active collaborations with various governmental and non-governmental agencies, including the UK Treasury, the Bank of England, the World Bank, the Inter-American Development Bank, OECD, and ILO.

The School hosts two weekly seminar series with external speakers from institutions in North America and Europe, as well as two internal workshops.

We have a vibrant community of doctoral students conducting research in economics and finance. Our MRes/PhD programme has held Economic and Social Research Council (ESRC) recognition since 2008 and is affiliated with the QMUL-Goldsmiths Doctoral Training Centre (DTC), which awards ESRC-funded 1+3 year studentships and offers social science training beyond the areas covered by the School.

Excellent career opportunities are open to our MRes/PhD graduates. Recent placements of our students include lectureships or postdoctoral research positions at universities and research institutions worldwide such as Cambridge, Warwick, York, Leicester, Aarhus, Vienna and IZA. Our graduates are also typically hired by central banking institutions: recent placements include the Bank of England and the Bank of France.

The School offers generous financial support on a competitive basis to MRes students with demonstrated potential for a successful research career. Both domestic and international candidates are eligible for tuition waivers and stipends (amounting to £16,000 for 2014-15) to cover living expenses. In addition, MRes Finance students who progress to the PhD programme will have the option to increase their level of support (to a total of £22,000 for 2014-15) by undertaking 60 hours of teaching for the School. No additional application is needed to be considered for financial support.

Fellowships are also available through the ESRC Doctoral Training Centre and the College Principal Competition (please note early application deadline for such scholarships).

Facilities

Post-graduate students also have access to extensive computing resources. In addition to personal computers and computer labs with mathematical, statistical and real-time trading software (Eviews, Stata, Matlab, Gauss, Reuters, Bloomberg, TWS, FXCM), and a full range of economic and financial data services (DataStream, Macrobond, Bankscope, CRSP), MRes students also have access to macro computing Unix-based resources.

Department specialisms

Theoretical and empirical finance, financial econometrics and time series analysis, econometric theory, macro finance, microeconomic theory and game theory, and applied microeconomics.

Fees and funding

UK students
£10,000
International students
£15,500

The School offers generous financial support on a competitive basis to MRes students with demonstrated potential for a successful research career. Both domestic and international candidates are eligible for tuition waivers and stipends (amounting to £16,000 for 2014-15) to cover living expenses. In addition, MRes Finance students who progress to the PhD programme will have the option to increase their level of support (to a total of £22,000 for 2014-15) by undertaking 60 hours of teaching for the School. No additional application is needed to be considered for financial support.

Fellowships are also available through the ESRC Doctoral Training Centre and the College Principal Competition (please note early application deadline for such scholarships).

Qualification and course duration

MRes

full time
12 months

Course contact details

Name
Nick Owen
Email
n.j.owen@qmul.ac.uk
Phone
+44 (0)20 7882 7298