Finance

Overview
This course is for you if you have an interest in financial markets, institutions and financial decision making. You want a career in the financial services sector or in academia. You want to be taught and supervised by leading academics.

You will explore how company managers and investors make financial decisions, how they manage their risk and how financial markets function. Your background may not necessarily be in finance, so this is a great opportunity to gain in-depth knowledge and practical understanding of financial markets and financial decision making.

Course Structure
The MSc Finance is a full-time postgraduate programme aimed primarily at students with undergraduate degrees from the disciplines of finance, maths, statistics, or any other programme with a high quantitative content.

This programme offers a wide range of in-depth modules that provide students with core knowledge of financial markets, financial instruments, and financial decision making both from an institutional as well as corporate perspective. Eight taught modules aim to equip students with the necessary skillset to foster responsible decision making and to promote sustainable economic growth. These modules align with the U.N. Sustainable Development Goals and map directly to a selection of these goals.

Learning and Teaching
Learning opportunities:
You will gain an in-depth knowledge and practical understanding of financial markets and financial decision making.
Modules are taught morning/afternoon/evening.

Finance Highlights
Queen’s University is ranked first in the UK for Graduate Prospects in Accounting and Finance. (Times and Sunday Times Good University Guide 2023)/

Professional Accreditations
• The programme has been accepted into the CFA Institute University Recognition Program showing that the programme aligns with the Candidate Body of Knowledge (CBOK) - the core knowledge, skills, and abilities that are generally accepted and applied by investment professionals throughout the world.

Career Development
• Students may wish to join the Student Managed Fund, which seeks to achieve positive returns through superior stock selection using quantitative and qualitative fundamental analysis. This is a real money student managed investment fund. The goal is to achieve consistent long term positive returns by optimally managing downside risk. The Fund seeks to mitigate risk through sufficient diversification and through a series of strict rules and procedures.

World Class Facilities
• Certain classes are held in the Trading Room. Students have access to Bloomberg software, a market leader in financial news, data and analytics, which is used by many financial institutions. The Trading Room allows for an interactive and exciting learning environment which brings textbook theory to life.

Internationally Renowned Experts
• Students have the opportunity to hear from industry professionals who regularly deliver guest lectures. Students have the opportunity to network afterwards.

Student Experience
• Students will use and have access to software such as Stata, Excel, Matlab, RStudio, Oxyor and databases such as Thomson One Banker, DataStream, S&P Global Market Intelligence and Bloomberg.

Subjects taught

Semester 1
Asset Pricing - FIN7026
This module offers an introduction to the field of financial economics and provides an understanding of the development of advanced pricing theory. The module starts by examining rational investor behaviour; how investors allocate resources both in certain and uncertain environments, building towards an understanding of how prices are rationally determined in asset markets. Apparent violations of rational behaviour and pricing are then examined to understand better how traders and markets function. Students will also explore portfolio allocation and examine a range of anomalies including the equity premium puzzle. The course concludes with an examination of the efficient market hypothesis and throughout, we shall critique key financial models and economic theory.

Corporate Finance - FIN9005
The purpose of this course is to analyse how corporations make major financial decisions. The theory of corporate behaviour is discussed and the relevance of each theoretical model is examined by an empirical analysis of actual corporate decision making. The aims of this module are to familiarise students with the issues of confronting corporations when making investments and financing decisions and to develop the ability of students to obtain corporate information from the Bloomberg database.

Market Microstructure - FIN7027
The first part of this module provides a detailed analysis of the contemporary structure of global finance including key market participants and markets, focusing on fixed income and foreign exchange markets. We will then explore the economic issues and structures underlying trading on these markets. The aim of this module is to ensure that students understand the structure, dynamics and trading mechanisms of global financial markets, as well as appreciate the role of key institutions involved in these markets.

Financial Data Analytics - FIN9008
The purpose of this course is to provide a comprehensive introduction to econometric techniques used in finance. It contains a treatment of classical regression and an introduction to time series techniques. There will be an emphasis on applied work using econometric packages. The course is designed to give students both theoretical and practical experience of statistical and econometric techniques. A wide range of topics is typically covered including the basic regression model, which includes a discussion of the classical violations of this model and methods for their correction. Students will learn a computer statistical software package (R).

Semester 2
Derivatives - FIN9007
The aim of this course is to develop in students a theoretical and practical knowledge of derivative instruments. The learning outcomes include understanding the mechanisms of futures and forward markets, pricing futures and forward instruments, constructing hedges using futures, and understanding the mechanisms of option markets. Additionally, the concepts of stochastic processes and its applications in financial modelling is addressed.

International Finance - FIN9004
The main goal of this course is to understand the complexities involved in conducting finance across more than one country. It aims to provide students with both practical skills for working in this area and a broader understanding of the role of finance within the international economy. The majority of the course will involve the description of key analytical concepts and theories involved in international finance. These theories are then used to help understand the international elements of important economic and financial phenomena.

Advanced Financial Data Analytics - FIN7028
Statistics is the science of uncertainty and variation. Econometrics is the application of statistics to economic and finance problems. The aim of this course is to teach students to apply time series financial econometrics techniques sensibly in the context of real-world empirical problems. Use R statistical programming software and RStudio, students will be taught statistical techniques which underpin quantitative investigation in the finance.

Money and Banking - FIN9003
This module examines the theory of money and banking. The course considers the main banking and monetary institutions and monetary policy. The overall aim is to provide students with an understanding of monetary and banking institutions and promote a good appreciation of the economic functions and workings of financial those institutions.

Semester 3
Dissertation
The aim of the dissertation is to provide students with the skills needed for conducting theoretical and/or empirical research in finance.

Or

Applied Research Project

Entry requirements

Graduate
Normally a 2.1 Honours degree or equivalent qualification acceptable to the University in Finance, Mathematics, Economics, or other relevant quantitative subject. Science and Engineering disciplines will be considered where there is a significant mathematical component. Performance in relevant modules must be of the required standard.

International Students
Our country/region pages include information on entry requirements, tuition fees, scholarships, student profiles, upcoming events and contacts for your country/region. Use the dropdown list below for specific information for your country/region.

English Language Requirements
Evidence of an IELTS* score of 6.5, with not less than 5.5 in any component, or an equivalent qualification acceptable to the University is required. *Taken within the last 2 years.

International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

For more information on English Language requirements for EEA and non-EEA nationals see: www.qub.ac.uk/EnglishLanguageReqs.

If you need to improve your English language skills before you enter this degree programme, INTO Queen's University Belfast offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.

• Academic English: an intensive English language and study skills course for successful university study at degree level

• Pre-sessional English: a short intensive academic English course for students starting a degree programme at Queen's University Belfast and who need to improve their English.

Application dates

Applicants are advised to apply as early as possible and ideally no later than 11th August 2023 for courses which commence in late September. In the event that any programme receives a high number of applications, the University reserves the right to close the application portal. Notifications to this effect will appear on the Direct Application Portal against the programme application page.

Please note: international applicants will be required to pay a deposit to secure a place on this course.

How to Apply
Applications should be submitted online via the Postgraduate Applications Portal for admission to the vast majority of postgraduate programmes.

New applicants will need to register via the Portal to create an application account. If you are already a Queen’s student with an active Qsis account, you can log in using your student number and Qsis password. Guidance on how to complete an application is provided within the Portal and it is possible to save application data and return to complete it at a later date, if you wish. After core details about yourself and your academic background have been provided, you can submit an application, or multiple applications, if required.

If you applied in a previous cycle through the Portal and are re-applying, you should use your previous log in details. Please review and update your personal and contact details, academic and professional qualifications before submitting a new application.

Important – please ensure that the email address you provide is correct and active, as this will be used by us to communicate the progress of your application to you.

Duration

1 year (Full Time)

Enrolment dates

Entry Year: 2023

Post Course Info

Career Prospects
Introduction
Successful students will have the necessary skills to have career opportunities in finance, including investment banking, commercial banking, investment management, or other financial intermediaries.

For recent examples of where our alumni have secured employment, please see the School website.
http://www.qub.ac.uk/directorates/sgc/careers/

Graduate Plus/Future Ready Award for extra-curricular skills
In addition to your degree programme, at Queen's you can have the opportunity to gain wider life, academic and employability skills. For example, placements, voluntary work, clubs, societies, sports and lots more. So not only do you graduate with a degree recognised from a world leading university, you'll have practical national and international experience plus a wider exposure to life overall. We call this Graduate Plus/Future Ready Award. It's what makes studying at Queen's University Belfast special.

More details
  • Qualification letters

    MSc

  • Qualifications

    Degree - Masters at UK Level 7

  • Attendance type

    Full time,Daytime

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    Course provider