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Financial Economics

Overview
The course has an excellent employment track record. Since inception 100%of students on the course gained graduate employment. For a list of these jobs please see http://www.ucc.ie/en/media/Careers.pdf

The MSc Financial Economics course in UCC involves advanced study of the practices of investment, banking and risk management. Course modules cover topics such as:

asset pricing
portfolio management
international finance
financial institutions
capital markets
treasury management
derivative securities
risk management.

The course also involves an applied research project, using cutting-edge techniques and software.

The MSc Financial Economics is at the top end of graduate study in business/finance in Ireland and is designed for high achievers who wish to pursue high-end careers in financial markets, such as:

investment banking
corporate banking
trading/dealing
portfolio management
asset pricing
treasury
capital markets (equity, money, bond, FX and derivatives markets)
risk management
financial analysis
research

Course Practicalities
You attend lectures for approximately 12 hours per week. There are additional research workshop hours and you will also attend regular visiting speaker seminars and practical laboratory sessions.

Entry requirements

The course is open to applicants with a 2.1 degree or equivalent postgraduate qualification in a business subject, or expectation of graduating with a 2.1 degree or equivalent postgraduate qualification in a business subject in the year of entry;

OR

Applicants with a 2.1 degree or equivalent postgraduate qualification in a related subject with a quantitative element such as mathematics, statistics, engineering, science, etc.

If you are applying with Qualifications obtained outside Ireland and you wish to verify if you meet the minimum academic and English language requirements for this programme please see course webpage (link below) to view the grades comparison table by country and for details of recognised English language tests

Duration

1 year full-time, 2 years part-time
Part-time option taught during weekday working hours.

Careers or further progression

Skills and Careers Information
The course brings you into direct contact with financial markets, their issues and practices through practitioner seminars and visiting speakers throughout the year, across all modules.

In this course:

you will be trained in financial research, consulting and professional report writing

you will be taught about the quantitative methods relevant to the financial sector and required for PhD level research

your inter-personal, organisational and leadership competencies will be developed

your oral and written communication skills will be improved through assignments, dialogue, exercises, presentations, etc.

The blended learning approach to education combines lectures, projects, seminars, group discussion, presentations and individual and group reports.

For a list of these jobs please see http://www.ucc.ie/en/media/Careers.pdf

Further enquiries

Subjects taught

Candidates take taught modules with examinations over two semesters and then complete a minor dissertation. The taught modules are as follows:

Fund Management and Evaluation: studies portfolio management, return and risk evaluation in stock selection, market timing and persistence.

Fixed Income Securities: examines the term structure of interest rates and yield curve analysis, exotic bond valuation, duration, convexity, immunisation, asset backed securities and bond portfolio management.

Asset Pricing: examines models of asset returns, stock price predictability and market efficiency.

Securities Valuation and Selection: examines risk tolerance, asset allocation, stock valuation models and a financial analysis of a firm.

International Finance: focuses on how economic policy and the behaviour of agents impact international capital flows, exchange rates and global investments.

Treasury Risk Management: looks at the measurement and management of risks facing banks and corporations arising from volatility in currency and money markets.

Financial Institutions and Money Markets: looks at the role of money markets and banks in the economy, focuses on understanding the types of risk facing banks and the management of this risk.

Derivative Securities: introduces the concepts and mathematical techniques in pricing derivatives including options, swaps, forwards and futures on underlying assets.

Macroeconomics for Financial Markets: looks at macroeconomics theories, models and techniques relevant to financial markets. Topics include business cycles, economic growth, uncertainty, monetary policy, inflation and the labour market.

Regulation and Compliance in Capital Markets: covers the guiding principles behind financial regulation and the main differences between the roles and key legal aspects of different regulatory institutions.

Applied Econometrics: includes regression analysis, OLS, hypothesis testing and specification.

Applied Time Series Analysis: includes ARIMA models, Box-Jenkins methodology, ARCH-GARCH models, VAR models, unit-root testing and cointegration.

Research Methods: includes (i) a report writing/economic consulting element, (ii) visiting speaker seminar series, (iii) research methods training and (iv) workshops on recent developments in financial research.

Further details on the content and modules are available on the Postgraduate College Calendar.

Comment

Unique Aspects of the Course.
As well as providing a rigorous grounding in theory and methods, the course will provide you with the practical skills and techniques widely used in financial markets. The course covers much of the CFA Levels 1-3 syllabus and includes regular presentations and workshops from outside practitioners. You will also manage your own simulated asset portfolio on-line throughout the year to put theory into practice.

Assessment method

Normally, your work will be assessed by coursework projects (30%) and final examinations (70%).

Application date

Applications for 2017-18 intake are now open.

While UCC operates a rounds system for Postgraduate Taught courses (detailed below) we would advise you to apply as soon as possible.

Deadline for receipt of Applications: Offers will be made:

For all completed applications received by January 16th 2017 Offers will be made by January 30th 2017

For all completed applications received by March 1st 2017 Offers will be made by March 15th 2017

For all completed applications received by May 1st 2017 Offers will be made by May 15th 2017

For all completed applications received by July 3rd 2017 Offers will be made by July 17th 2017

Late applications may be accepted on a first-come, first-served basis for any courses that have remaining capacity for places.

Non-EU Applicants:

Please visit the following page for further information for Non EU applicants http://www.ucc.ie/en/international/studyatucc/postgraduateprogrammes/tau...

Course fee

2017/2018 Irish/EU Fee: €10,500 (full-time) The part-time course fee is half the full-time fee in the particular year of study.

Enrolment and start dates

Next Intake: 11th September 2017

Remember to mention gradireland when contacting institutions!