MSc Finance

Year of entry: 2021

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Overview

Degree awarded
MSc
Duration
12 months full-time.
Entry requirements

We require a First or Upper Second class honours degree (2:1, with 60% average) from a UK university or the overseas equivalent. 

You need a degree in finance, economics or maths.  You must have taken a significant number of finance and quantitative courses during your degree (accounting is not considered to be finance). You must be taking a major or specialisation in finance in your final year and need to achieve top-level results in final year finance subjects.  You must also demonstrate a solid background in quantitative skills, econometrics or maths. 

Applicants studying degrees in business administration can be considered but must be able to demonstrate a very strong background in finance throughout their degree and a final year major or specialisation in finance (as outlined above). Due to competition for places, we give preference to applicants with a bachelor degree in finance or economics.

We highly recommend GMAT or GRE for applications to all our accounting and finance related programmes. We anticipate a well-balanced score with a strong performance in the quantitative sections.

Full entry requirements

How to apply

Apply online

NOTE: There is a non-refundable application fee of £60, which you can pay using our secure online payment facility . We cannot consider applications until you have paid the application fee.

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y N N N

Course overview

From derivatives and investments to mergers and acquisitions and global markets, this course covers the essential information you need to pursue a range of exciting careers in finance at an international level, or an academic career via a PhD.

Open days

Postgraduate virtual open day

Our PG Virtual Open Day will be taking place on Saturday, 27 March. 

Register here >> 

Stream recorded sessions  from The University of Manchester's postgraduate virtual open weeks, which took place in June and November 2020.

Fees

For entry in the academic year beginning September 2021, the tuition fees are as follows:

  • MSc (full-time)
    UK students (per annum): £31,000
    International, including EU, students (per annum): £31,000

Further information for EU students can be found on our dedicated EU page.

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

Refund Policy

Due to the competition for places and limited availability, this course requires a deposit of £2,000 to cover non-recoverable costs and secure your place. The deposit will be deducted from your tuition fees when you register on the course.

The deposit is non-refundable, except in the following situations:

  • you fail to meet the conditions of your offer (see below for further information); and/or
  • you are refused a visa or entry clearance to enter the UK (proof must be submitted)

If an offer has been made specifying an English Language condition which you do not meet, the Admissions Team will require the official certificate of an English Language test taken after the date of offer as evidence that you have attempted to meet your offer conditions for a refund to be approved. The English Language test certificate provided with your application documents will not be accepted as proof that you have attempted to meet your offer conditions as such a certificate will predate the offer.

If an offer has been made specifying an academic condition, the Admissions Team will require the official university documentation showing that you have not met this academic condition from the institution at which you have studied, as evidence for a refund to be approved.

The Admissions Team reserves the right to refuse to refund of any deposit that does not meet with the requirements outlined above.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

Read about available scholarships and funding

Contact details

School/Faculty
Alliance Manchester Business School
Contact name
Master's Admissions Office
Email
Website
https://www.alliancembs.manchester.ac.uk/study/masters/msc-finance/
School/Faculty
Alliance Manchester Business School was established in 1965 as one of the UK's first two business schools. Today, we are the UK's largest campus-based business and management school, and 'Original Thinking Applied' is at the heart of everything we do. Find out more .

Courses in related subject areas

Use the links below to view lists of courses in related subject areas.

Entry requirements

Academic entry qualification overview

We require a First or Upper Second class honours degree (2:1, with 60% average) from a UK university or the overseas equivalent. 

You need a degree in finance, economics or maths.  You must have taken a significant number of finance and quantitative courses during your degree (accounting is not considered to be finance). You must be taking a major or specialisation in finance in your final year and need to achieve top-level results in final year finance subjects.  You must also demonstrate a solid background in quantitative skills, econometrics or maths. 

Applicants studying degrees in business administration can be considered but must be able to demonstrate a very strong background in finance throughout their degree and a final year major or specialisation in finance (as outlined above). Due to competition for places, we give preference to applicants with a bachelor degree in finance or economics.

We highly recommend GMAT or GRE for applications to all our accounting and finance related programmes. We anticipate a well-balanced score with a strong performance in the quantitative sections.

English language

For the latest information on demonstrating your English proficiency for those whose first language is not English, please see our language requirements

English language test validity

Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.

Other international entry requirements

We accept a range of qualifications from different countries. For these and general requirements see entry requirements for your country .

Application and selection

How to apply

Apply online

NOTE: There is a non-refundable application fee of £60, which you can pay using our secure online payment facility . We cannot consider applications until you have paid the application fee.

Advice to applicants

Your statement of purpose should cover the areas outlined below and be one page A4: 

  • Tell us why you are interested in the MSc Finance course at Alliance MBS and how the course will impact on your future
  • List any other finance courses or qualifications you have taken in addition to your undergraduate degree
  • Describe what makes you an outstanding applicant and describe your potential to contribute to all aspects of the course.

Please note: there is a non-refundable application fee of £60, which you can pay using our secure online payment facility .  We cannot consider applications until you have paid the application fee.

How your application is considered

We can only process applications with the following documents:

  • £60 non-refundable application fee payment
  • up-to-date English language score outlining individual element scores, or date of your test (where applicable)
  • first and second year transcript (scanned copies are accepted at the time of application)
  • one academic reference letter , or a professional reference letter if you graduated more than two years ago
  • statement of purpose
  • copy of passport (for non-home/EU students only)

Deferrals

To defer your offer to the following year, you must contact your admission officer for a copy of the deferral form.  You can only defer your offer for one year.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

Course details

Course description

Investing in an MSc Finance adds up to a great career and you gain valuable quantitative skills that are in high demand by employers.  A dissertation, focusing on empirical research, allows you to explore your chosen area of interest in detail, and you are supported throughout by our high-calibre staff. 

Recent graduates have accepted positions in the City, with the `Big 4' global financial services firms, major world banks and financial institutions.

Trading BootCamp Week

Together with Amplify Trading , a global financial trading and training firm, we offer a week long Trading BootCamp for MSc Accounting, MSc Accounting and Finance, MSc Finance and MSc Quantitative Finance course students.

  • experience a live trading floor provided by two experienced traders with specialist software
  • engage with contemporary financial markets and apply your classroom theory in practice
  • watch live breaking news, economic data and geo-political events, and use your knowledge and skills in trading different asset classes
  • a fantastic opportunity to prepare you for successful careers after graduation.

The Finance Zone   

Special features

CFA training

We have teamed up with Kaplan Schweser to facilitate student preparation for the CFA exams. A small number of the best performing students (according to semester 1 exam results) on the MSc Accounting, MSc Accounting and Finance, MSc Finance and MSc Quantitative Finance courses will get free access to Kaplan's online training materials for CFA Part One. In previous years we have been able to offer this opportunity to up to 20 students.

  • Gain student support from Kaplan with access to tuition material, online question banks and progress tests, and mock exam runs. Plus tutor support and 1-2-1 sessions.
  • The CFA Program builds a strong foundation of advanced investment analysis and real-world portfolio management skills.
  • Take the first step to earning the Chartered Financial Analyst ® (CFA) credential to prepare for the Level I exam
  • The CFA is the most respected and recognised investment designation in the world.  

Worshipful Company of International Bankers Affiliation

Our accounting and finance division courses are now affiliated with the Worshipful Company of International Bankers (WCIB). Every year the best dissertation out of the following four courses will receive the WCIB Prize worth £300.

  • MSc Accounting 
  • MSc Accounting and Finance
  • MSc Finance
  • MSc Quantitative Finance

The winner will also enter the competition for the prestigious WCIB Lombard Prize

Coursework and assessment

Assessment is by a combination of group assessment and presentations, course work, assignments and examinations. A dissertation of around 8,000 words is normally undertaken

Course unit details

During the course you will be taking 180 credits in all. The eight taught units during semester one and two total 120 credits and consists of both compulsory and optional taught units which can be viewed in the list below.  

Over the summer period, you will carry out your Research Dissertation, worth 60 credits.  Examples of recent Finance dissertation project topics include:

  • Financial reporting regulation
  • The role of institutional investors in corporate governance
  • Managerial compensation and corporate governance
  • Momentum investing
  • Capital structure and cash holding decisions
  • Dual-class firms and corporate takeover
  • Debt IPOs, adviser switching, contracting, governance, performance and venture capital backing
  • Can exchange rates forecast macroeconomic fundamentals?
  • Over-allocation and stabilisation of initial public offerings (IPOs)

Course unit list

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Derivative Securities BMAN70141 15 Mandatory
Cross Sectional Econometrics BMAN70211B 15 Mandatory
Asset Pricing BMAN71111B 15 Mandatory
Time Series Econometrics BMAN71122 15 Mandatory
Corporate Finance BMAN71152 15 Mandatory
Portfolio Investment BMAN71171B 15 Mandatory
Current Issues in Empirical Finance BMAN70162 15 Optional
Mergers & Acquisitions: Economic & Financial BMAN70432 15 Optional
Financial Statement Analysis BMAN71132 15 Optional
Qualitative Research Methods BMAN71282 15 Optional

Scholarships and bursaries

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: dass@manchester.ac.uk

Careers

Career opportunities

The course provides training for a research degree and general training for those who wish to take up specialist positions in Finance (such as a Financial Analyst) or those who wish to subsequently pursue a research and/or an academic career via a PhD in Finance.

Recent recruiters

Apple Computer Inc, Bangkok Bank plc, Bank of China, Bloomberg, Central Bank of Chile, Cisco Systems, Decathlon, Deloitte, EY, Goldman Sachs, HSBC, KPMG, PwC and Statoil ASA.

Read more about graduate career destinations >>

Read more about the Postgraduate Careers Service >>

Read the latest information on visa changes and opportunities in the UK for international students >>

Accrediting organisations

The course conforms to the present ESRC guidelines for Masters degrees and has ESRC recognition as a postgraduate training year in preparation for undertaking a PhD

The course has partnership with the Chartered Financial Analyst Institute.