入学要求 Requirement:
•学术要求: An upper second-class honours degree in business, accounting or economics, or equivalent professional experience and/or training within a relevant field.
•英语要求:English language proficiency at a minimum of IELTS band 6.5 with a minimum score of 6.0 in all individual components, or equivalent.
学费 Tuition Fee:2011/2012 £10,100
课程特征 Course Features:
This course is aimed at graduates who are aiming for careers in investment analysis, stock broking, securities trading, fund management, banking and investment banking in financial institutions in London, Europe and overseas. The course is also suitable for students who are aiming for careers in corporate financial management in large non-financial companies. There are eight taught units which cover theory, empirical research and applications in the three key areas of corporate finance: financial markets and institutions, investments, and corporate finance.
The course is designed for graduates who wish to develop their knowledge and understanding of finance, and to acquire related skills, either as a preparation for a career in finance or for further study.
课程内容 Course Content :
Core units
•Financial Analysis
•Decision and Risk Analysis
•Modern Portfolio Theory
•Option Pricing Theory
•Derivatives
•Behavioural Finance
•Fixed Income Securities
Optional units
•International Banking and Finance
•Business Valuation
Unit descriptions
Financial Analysis
This unit will enable you to gain a critical awareness of the financial environment from both an accounting and finance perspective. You will learn to understand and interpret company reports, examine the role of the regulatory environment for corporate reporting and the stock market, and explore the pricing of bonds and shares.
Decision and Risk Analysis
The key areas of decision and risk analysis are covered in this unit, alongside the process of decision making, key statistical concepts, and selecting and using appropriate software tools as aids to decision making.
Option Pricing Theory
Some entrants onto the programme will have had little exposure to derivative products. This unit will therefore review the basic facts and terminology about options and develop some ideas in time series (non-mathematical terms). It will then go on to develop the main option pricing models and you will learn how to apply these models in the option pricing theory quantitative methods workshops.
Behavioural Finance
This unit looks at the psychological, institutional and agency theory ideas; key empirical research on the explanatory and predictive power of models on the implementation of investment strategies; guided critical analysis of research and analysis of live data.
Derivatives
This unit will develop your knowledge of the theory and applications of key financial derivatives products with the emphasis on futures, forwards, interest rates and swaps.
Business Valuation
This unit explores particular issues in corporate finance practice related to the important area of business valuation. This area of study is particularly relevant for mergers and acquisitions, initial public offerings, litigation and forensic accounting work.
International Banking and Finance
Banks play a fundamental role in domestic and global financial markets. This unit focuses on key issues in international banking, covering both descriptive and explanatory aspects.
Modern Portfolio Theory
This unit reviews key theoretical issues such as expected return, volatility, the efficient frontier, the random walk hypothesis, the efficient markets hypothesis, capital assets pricing model, arbitrage pricing theory and multi-factor risk models.
Fixed Income Securities
This unit provides students with a thorough understanding of the fixed income securities market and develops the analytical skills specific to valuing fixed income securities and the management of interest rate risk.
教学与评估 Teaching and Assessment:
Teaching methods for both finance degrees include lectures, seminars, computer-based workshops and case studies. Student participation is encouraged and classes are challenging, but informal and friendly, promoting discussion and debate. The course tutors are available to support your studies and you will also have a personal tutor to provide help and guidance for any problems that you might have. Assessment on most units is through a mix of coursework and examination.
You will also be required to prepare a 15,000-word research dissertation on a subject of your own choice. A supervisor will be appointed to support your study.
职业机会 Career Opportunities:
Past students have gained employment in a wide range of roles and industrial sectors. These include accountancy and general management as well as investment analysis, banking and investment banking in financial institutions. Both courses are also suitable for students who are aiming for careers in corporate financial management in large non-financial companies.
Students wishing to enter the financial sector will be eligible for direct entry into associate membership of the Securities and Investment Institute (a UK professional body) on satisfactory completion of the MSc Finance or the MSc Financial Decision Analysis (where finance options have been followed).