Taught course

Financial Economics

Institution
The University of Manchester · Economics
Qualifications
MSc

Entry requirements

A UK 2:1 honours degree (or overseas equivalent) in economics, finance, mathematics or a related subject with economic theory, mathematics and econometrics studied at a high level.

Applicants with a 2:1 in a less technical economics degree, with for example economic theory only studied to intermediate level, or a 2:2 in a technical economics degree may be considered for entry onto the MA Economics.

MATHS & STATS PREPARATION

1. Please visit our Introduction to Quantitative Methods in Economics page where you will find information about the minimum level of knowledge of mathematics and statistics that you should possess from your current or previous training.

2. On the same website, please look at the details and content of our pre-session course which builds on the knowledge resumed in (1) and which is designed to equip you with further technical skills that you will require before starting your programme. Attending this course is mandatory and is offered free of charge. The course will run during induction week and we recommend that you spend some time between now and September studying and familiarising yourself with the course material on the website, especially if you might not be able to attend the course.

Months of entry

September

Course content

  • Are you keen to apply your interest and skills in economics to the study of financial markets?
  • Do you want to combine a rigorous training in core economics with a solid introduction to the key theoretical techniques used in finance?
  • Do you plan to work as a portfolio manager, risk management consultant, or financial analyst?

The demand for highly skilled experts in financial economics continues to increase rapidly in the modern economy. This demand exists in the public sector (central banks, international organisations, academic institutions) and especially in the private sector (commercial banks and insurance companies). This course is designed to meet this demand for those students who seek a quantitative degree in financial economics, by combining a solid training in microeconomic and macroeconomic principles, as well as the quantitative methods and theory needed for the analysis of financial markets.

Financial Economics is a fascinating area, having a history marked by outstanding achievements. A remarkable feature of this discipline is that its theoretical highlights (such as the Black-Scholes formula) turned out to be extremely important in practice. Fundamental ideas and tools of Financial Economics that were developed at the interface between Mathematical Economics and Finance created new markets essentially based on concepts suggested by academics. A central goal of the course is to demonstrate the use of these ideas and tools in contexts where they are indispensable and widely exploited. The course will expose students to quantitative techniques and theory that will be useful to anyone in the financial industry - a portfolio manager, risk management consultant, or financial analyst.

Information for international students

IELTS - overall score of 7, including 7 in writing with no further component score below 6.0

TOEFL IBT - overall score of 100 with 25 in each section.

TOEFL code for Manchester is 0757

Scores are valid for 2 years.

For students who require a Tier 4 visa to study in the UK, your test score is valid for 2 years preceding the course start date.

For example;

Test taken on or after 17 September 2016 - CAS issued June 2018 = Score is VALID

Test taken before 17 September 2016 = Score is INVALID

Please note that CAS statements are issued only when all conditions of the offer have been satisfied, PDF copy of passport received and the offer accepted.

Applicants from certain countries MAY be exempt from having to provide an IELTS or TOEFL score. For further advice please email pg-soss@manchester.ac.uk

Pre-Sessional English Courses:

If you eligible to do a pre-sessional English course (either 6 weeks or 10 weeks, depending on your English score), you will be required to successfully complete the course at the required level before you are permitted to register on your academic course).

The dates and fees for next summer (2018) are now available on the English Language Centre's website.

Fees and funding

UK students
12,000
International students
19,500

http://www.manchester.ac.uk/postgraduate/funding/

Qualification and course duration

MSc

part time
24 months
full time
12 months

Course contact details

Name
School of Social Sciences
Email
pg-soss@manchester.ac.uk
Phone
0161 275 4471