Financial Economics MSc
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- Degree awarded
- Master of Science
- 12 Months. [Full-Time] 24 Months [Part-Time]
- Entry requirements
2:1 hons degree in Economics, Finance or related subject (eg Maths, Stats) or overseas equivalent. Candidates should have studied econometrics, microeconomics & macroeconomics, with at least one of these subjects in their final year of u/g studies. Students who do not meet these entry criteria may be eligible for the MA in Economics.
In addition to the normal supporting documents, applicants for the MSc Financial Economics must also supply the following:
- A brief description of any macro & micro-economics/econometrics/mathematics/statistics courses taken on your undergraduate degree, detailing core texts used. This does not have to be an official document. A paragraph for each course unit taken and a brief list of the main textbooks used will be sufficient.
Go to the Files to Download tab for an example of what is required.
Please see Special Feature for important information on Quantitative Methods Preparation for the MSc.
- How to apply
|Full-time||Part-time||Full-time distance learning||Part-time distance learning|
- 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.
For entry in the academic year beginning September 2016, the tuition fees are as follows:
- MSc (full-time)
UK/EU students (per annum): £11,000
International students (per annum): £18,000
- MSc (part-time)
UK/EU students (per annum): £5,500
International students (per annum): £9,000
The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.
All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees . Always contact the department if you are unsure which fee applies to your qualification award and method of attendance.
Self-funded international applicants for this course will be required to pay a deposit of £1000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.
Please see the School's funding page for further information.
If you are already a graduate of The University of Manchester, please visit,
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