Start date: September 2020
Duration: 12 months full-time
Fees: UK/EU/Overseas - £30,400
Application deadline: 14 August 2020.
Entry: Minimum of 2:1 or equivalent in a relevant discipline (International students - please note that UCL’s English language requirements must be met (a ‘Good Level’ IELTS test is currently required for this programme)
Please Note: Applications for 2020 entry to this programme will open from 01 December 2019. You can apply here. We will process all December/January applications during the month of February with the first offer letters to be sent in February 2020. Thank you for your patience.
The UCL Finance MSc is a specialist master’s degree designed for those targeting finance as a professional career.
This full-time programme is delivered by UCL School of Management and UCL’s Department of Economics, providing a study of finance underpinned by a blend of quantitative and qualitative components. It is based in UCL School of Management’s new home in Canary Wharf, the heart of London’s dynamic financial centre. It aims to provide individuals with the knowledge, understanding and skills to enable them to engage with specialist roles in the modern global financial industry. Such roles are likely to be located in a range of organisations, including banks, asset management companies, investment and hedge funds, insurance companies, rating agencies, broker/dealers, and large, medium, and boutique financial companies.
All participants study four core modules in term one, providing a robust quantitative underpinning in key areas of finance. In term two, a further two core modules are studied, again reflecting a quantitative thrust. An elective portfolio is offered, with four elective modules which can undertaken in term two and/or three. The elective modules enable participants to develop their interests in a number of specialist areas. Additionally, in term three and across the summer, participants engage in the design, execution and delivery of a finance research project which will be supported by a compulsory 10-hour research methods module.
The optional modules listed are subject to change each year and are indicative only. Optional modules can change for a variety of reasons including but not limited to updated learning outcomes, lack of demand and resourcing. For questions about optional modules, please reach out to us at: firstname.lastname@example.org.
The syllabus for this programme takes place across three terms and the summer, and is outlined below:
|Term One||Term Two||Term Three and Summer 2021|
MSIN0104 Introduction to Quantitative Finance
MSIN0106 Time Series Analysis and Forecasting
MSIN0107 Advanced Quantitative Finance
MSIN0210 Hedge Fund Strategies (optional)
MSIN0224 Corporate Finance Practices (optional)
MSIN0226 Fintech (optional)
MSIN0229 Further Topics in Mathematical and Computational Finance (optional)
MSIN0208 Big Data Analytics (optional)
MSIN0225 Behaviourial Finance (optional)
MSIN0227 Private Equity and Venture Capital (optional)
MSIN0228 Wealth Management and Private Banking (optional)
You can learn more about some of our modules on our YouTube channel
This programme is full-time for one year, starting in September 2020 and ending in September 2021.
All students must be in London prior to 28 September 2020, which is the first day of the first term.
Core and optional module lectures, and any workshops, normally take place on weekdays between 08:00 – 21.00 hours but may be scheduled for weekends, and particularly on Saturdays.
Who is this programme designed for?
If you are passionate about finance and want to push yourself in your quest to forge a career in finance, or want to develop your knowledge of finance, this programme will be instrumental in achieving your goals.
MSc Finance students are expected to have basic knowledge in financial mathematics and econometrics, and should be seeking to take their knowledge to the next level. To get to that next level, we expect a lot from our students, so if you choose to study with us, you can expect to be working hard, challenging yourself as we challenge you, and regularly finding yourself out of your comfort zone.
Our students come from different academic backgrounds including economics, finance, mathematics, mathematical economics, econometrics, economic theory, statistics, and all engineering programmes, or any combination of those mentioned. Degrees from other disciplines may be considered if the applicant has a background in mathematics or econometrics.
While we do welcome students from a wide variety of backgrounds onto the programme, we stress to our applicants that this programme is highly mathematical and quantitative, so you should be prepared to be pushed in these areas. Should you be admitted onto the programme, you may wish to do some extra preparation in these areas to ensure your basic knowledge is on par with your peers. You can ask our team for more information about what to prepare for.
Applying to study MSc Finance
Applications for September 2020 open on 01 December 2019 and are expected to close on 28 August 2020 (possibly earlier if the programme is filled).
We will process all December/January applications during the month of February with the first offer letters to be sent in February 2020. As Aristotle said “Patience is bitter, but its fruit is sweet.”
The 2020-21 fees are available online.
There are a number of different ways you can fund your graduate study. Take a look at the UCL fees and funding pages for details.
You can apply here.
For central additional funding opportunities, please see scholarships and funding.
Applicants should have a minimum of an Upper Second Class Bachelor’s Degree from a recognised UK University, or the overseas equivalent from a recognised higher education institution, in the following disciplines: economics, finance, mathematics, mathematical economics, econometrics, economic theory, statistics, and all engineering programmes, or any combination of those mentioned. Degrees from other disciplines may be considered if the applicant has a background in mathematics or econometrics. Applicants who have not received their final undergraduate degree must be able to prove their current grade average is a 2:1 or equivalent. We will not consider applicants with a degree result lower than an upper second-class degree.
A professional statement is a key component of the application process, and must accompany the initial application. The statement will capture and articulate the motivation to pursue the MSc Finance, demonstrating a clear interest in finance and economics, feeding into a statement of well-researched and grounded, short and long-term professional and personal objectives. We also require a copy of your CV.
Online maths test
Should you reach the next stage of the application process, we would invite you to complete a short online maths test. Please note that you do not need to prepare for this in advance.
Applicants who meet the entry requirements, provide an appropriate professional statement, and pass the online maths test will be invited for an online interview via WePow.
Relevant work experience
Demonstration of an appropriate academic background is essential. Experience in the finance and finance-related sector is beneficial, but is not a pre-requisite. Applications with work experience in fields other than finance will be considered on their merits.
Applicants should highlight any international experience they have, including international exchanges, trips, internships, fluency in other languages, and/or interest in other cultures. These attributes would be advantageous because applicants are likely to be working in a highly diverse and international environment.
English language skills
Applicants whose first language is not English must be able to provide evidence that their spoken and written command of the English language is adequate. UCL’s preferred English language qualification is the International English Language Testing System (IELTS). A ‘good level’ is required for MSc Finance, which means an overall grade of 7.0 with a minimum of 6.5 in each of the subtests.
Qualifications which are requested to support an application, such as a 2:1 Bachelor’s degree or equivalent, will only be assessed once an application has been completed and submitted. The equivalency of overseas qualifications cannot be assessed until a full application with all supporting documentation such as degree transcripts, references, etc. has been submitted to UCL. We do not require GMAT/GRE scores, but students will need to pass a maths test provided by UCL to be eligible to receive a final admission letter.
For further information regarding the MSc in Finance, please contact the Programme Administrator via email: email@example.com
Why choose us
UCL is one of the world’s best universities, consistently placed in the global top 20 in a wide variety of world rankings.
Our Finance programme is unique in the UK. The modules provide you with an opportunity to develop strong quantitative and analytical skills, an in-depth understanding of how companies work, and a rigorous foundation in the key skills needed to build successful careers in global businesses.
UCL School of Management and the Department of Economics
UCL School of Management offers innovative undergraduate, postgraduate, and doctoral programmes to prepare people for leadership roles in the next generation of innovation-intensive organisations. The School works closely with global companies and innovative start-ups at the cutting edge of management and associated finance-related practice. The research performed in the UCL School of Management was rated as “world-leading” by the Research Excellent Framework (REF). The proportion of the School’s research rated as world-leading (4*) was the highest in the UK, together with London Business School and ahead of Imperial, LSE, Oxford and Cambridge.
The Department of Economics is the top department of economics in the United Kingdom (Research Excellence Framework “REF” 2014). The Department of Economics has an outstanding international reputation in key areas of current research. It is the only department of economics in the UK to have received the outstanding grade-point average of 3.78 (out of 4) in the 2014 REF with 79% of all indicators of output rated at the highest 4* level. The REF 2014 has ranked the Department of Economics at UCL as the top Department in the UK in the field of Economics and Econometrics, the top Department at UCL, and the top Department in any field in any university in the UK.
The Department gives students a thorough knowledge of cutting-edge techniques in theoretical and applied economics, utilising robust quantitative underpinnings.
Organisations need people who can bring to the table core knowledge and critical thinking from the outset, and the MSc Finance programme is designed to equip ambitious students with the knowledge and skills to work for leading financial firms around the world.
The programme offers knowledge, understanding and skills in a range of areas critical to the effective functioning of current and developing finance-related applications. These included asset pricing, derivates, analytics, modelling, and portfolio management.
On graduation, you will have a set of analytical skills allied with qualitative insights, incorporating other attributes contributing to an ability to work flexibly, creatively and internationally in a range of finance-related areas, including high-growth companies, management consulting firms and the finance and banking sectors.
As London’s Global University, we at UCL are better qualified than most to realise that any organisation is only as strong as the individuals who work for it.
This, allied to the innovation and flexibility needed in today’s organisations, means that recruiting the right person has never been more important.
The MSc Finance programme enables you to make an early and substantial contribution to your future employer. Each of our students are prepared for their future through career workshops, one-to-one advice, exclusive employer events and access to our alumni community.
Whatever your nationality, experience or background, you will leave UCL equipped with the tools to become a high achiever in your chosen field.
As an MSc Finance student, you will benefit from a bespoke Careers and Employer Engagement programme and a dedicated careers team who will help you present yourself to leading graduate employers with confidence.
Our portfolio of careers support for MSc Finance students includes:
- Individual career coaching sessions with Careers Consultants dedicated to the School of Management
- Weekly careers and professional development workshops on topics including marketing yourself as a candidate, interviews, assessment centres and planning your next steps
- Exclusive industry insight sessions and employer-led events accessible only by School of Management students to inform your career choice.
- Access to UCL School of Management alumni keen to support you with your career
For further information on the Careers provision for UCL School of Management, please see our Careers page.
In addition to the bespoke activities within the School of Management, you also have access to the central UCL Careers provision.
Every year over 1,000 employers/organisations attend events arranged by UCL Careers, including careers fairs, employer presentations and sector ‘themed weeks’, which may include employer forums, networking events, talks on how to get into the sector, and one-to-one advice sessions.
Our students go on to careers in a range of sectors; the most common destinations for our students are financial institutions of diverse nature, banking, and consulting firms. Graduates from the School of Management have been able to secure jobs in a variety of high-profile companies.