Economic & Financial Risk Analysis
The MSc Economic and Financial Risk Analysis was launched in response to the changing economic and financial environment. It provides students with international quality training in the fundamental concepts and tools required by the financial sector.
The programme emphasises 'problem solving' through a combination of theoretical principles and empirical tools. Successful graduates are equipped with a wide range of economic, financial, quantitative and communication skills, thus opening up a diverse set of career opportunities, both within and outside the financial sector. This degree has enabled Maynooth University to become a GARP partner for Risk Education.
The course is designed to be stimulating and challenging. Students take core modules in Microeconomics, Macroeconomics and Econometrics in the first semester. In the second semester, students take specialised field modules that may include Financial Risk Analysis, Advanced Derivatives, Empirical Finance, International Finance, Corporate Finance and Market Microstructure. The summer term of the second year is spent on either a three-month Work Placement or completing a research thesis.
The degree is targeted at high quality students with a strong background in Economics, Finance or with strong quantitative skills. In particular, students are eligible for admission if they have obtained the equivalent of at least a 2.1 grade in:
•an honours degree in Finance or Economics, or a degree in which Finance or Economics formed a substantial component
•an honours degree in which there was a substantial quantitative component, such as Mathematics, Engineering, Computer Science, Mathematical Physics or Statistics
•a postgraduate conversion course such as a Higher Diploma in Finance or similar.
Applicants with a high 2.2 in an undergraduate Economics or Finance degree, but with 2.1 standard in key modules, may also be eligible and will be considered on a case-by-case basis by the Admissions Director.
Minimum English language requirements: IELTS: 6.5 minimum overall score or equivalent. Please visit Maynooth University International Office website for further information about English language and other requirements for international students. The requirements specified are applicable for both EU and non-EU international applicants.
Students without the above qualifications may wish to apply for the two-year MSc Economic and Financial Risk Analysis (MHH68).
Modules include microeconomics, macroeconomics, econometrics, financial economics, advanced derivatives, financial risk analysis, corporate finance, empirical finance and a work placement or research thesis.
1 year Full-time
In general, there are two levels of fees payable. EU students from EU countries including Ireland pay a subsidised level of fees for both taught courses and research programmes. Tuition fees for students from outside the EU are not subsidised and are thus somewhat higher than for EU students.
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The MSc Economic and Financial Risk Analysis could be the most important investment in your career. As financial markets become more integrated across the globe, the career prospects of our graduates have become greatly enhanced. Graduates of this programme have excellent employment records at home and abroad, and are currently enjoying careers in credit risk management, insurance, hedge fund management and investment and retail banking in the private sector. The diverse career paths reflect the adaptability and flexibility of our graduates.