Why this course?
The Masters degree in Investment & Finance is for those wanting to develop careers in areas such as security analysis, portfolio analysis and investment management.
The course provides you with a rigorous education in the theory of finance. It also covers the various techniques and analytical tools used by investment professionals in practical decision-taking.
The course will provide you with:
- an understanding of financial theory and analysis
- an appreciation of the nature of financial markets and institutions
- a good working knowledge of accounting principles and financial statement analysis
- an understanding of the techniques and concepts employed in the valuation of bonds and equities
- an ability to develop portfolios and investment strategies to meet risk-return objectives
- an understanding of derivatives – options, futures, swaps
- an understanding of the quantitative analysis and techniques employed in finance
The taught component of the course is covered in the first two semesters. The research project will take up the third (summer) semester.
Core subjects include Principles of Finance and Accounting & Financial Analysis. Elective classes include Topics in Corporate Finance and Derivatives & Treasury Management.
Dissertation or three research projects (MSc only)
You’ll work on either a series of research projects or a dissertation, supported by an academic supervisor. You can choose a topic from the broad range of issues covered on the programme.
The Department of Accounting & Finance is ranked 2nd in the UK for Accounting and Finance by the Times University Guide 2013 & the Sunday Times Guide.
You’ll be assessed on your ability to select and apply relevant theory and research methods. This work may be linked to an issue raised by, or a problem to be solved for, an employer.
Strathclyde’s award-winning Business School is one of the largest institutions of its kind in Europe. We've around 200 academic staff and more than 3000 full-time students.
The departments and specialist units work together to provide a dynamic, fully-rounded and varied programme of specialist and cross-disciplinary postgraduate courses.
Principles of Finance
Accounting & Financial Analysis
This class provides an introduction to the basic principles of financial decision taking and the theory of finance. It will develop the basic principles of valuation, the nature of risk and uncertainty, the relationship between risk and returns.
While the analysis will be developed in the context of corporate finance, looking at companies’ decisions in relation to investments in assets and how these assets will be funded, it considers the principles underlying financial reasoning that can be applied on a more general basis.
Quantitative Methods for Finance
The aim of this class is to provide you with an understanding of the basic principles of financial accounting and financial analysis, the ability to interpret financial statements and their use in assessing the financial position and performance of companies.
This class provides an introduction to the principles of accounting and the analysis of financial statements. It will enable you to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and to interpret and analyse these statements.
Particular emphasis is placed on the accounting concepts and information employed in financial analysis and decision taking. You'll develop the ability to prepare and interpret financial statements and construct cash forecasts. In addition, you'll develop an understanding of the demand and supply for accounting information; an appreciation of the role of financial analysis and analysts; and an awareness of the statistical characteristics of accounting numbers.
This class aims to provide an introduction to statistical techniques that are commonly used in finance, a basic understanding of econometric analysis, and an appreciation of the general role of quantitative methods in finance. It also aims to develop the practical computational skills of participants by offering an opportunity to solve problems using statistical software. The class will focus on the application of statistical techniques in empirical analysis in finance.
International Financial Markets & Banking
The aim of the class is to provide you with an understanding of the financial system and the roles and functions of financial markets and institutions.
A particular emphasis is placed on understanding the roles of intermediaries such as banks and investment firms. You'll develop an understanding of the various characteristics and roles of fixed income, equity, and foreign exchange markets. While some attention will be given to the UK financial markets, the global nature of financial markets will be widely discussed.
This class aims to equip you with an awareness and understanding of financial markets and institutions in the context of the global economy. Particular emphasis will be placed on the role and contribution of the banking sector. This class covers the reasons for, and nature of, of financial markets and institutions with a particular focus on banking, the global nature of these markets and their regulation.
Topics in Corporate Finance
Derivatives & Treasury Management
The aim of this class is to discuss the different ways in which firms can raise funds, internally and externally, and the role of capital markets in determining the terms on which funding will be available, the costs and risks of difference sources of financing, and the role of taxation.
The class will be a core requirement for the MSc International Banking and Finance, and MSc Investment and Finance programmes. The 10 credits from Topics in Corporate Finance will also contribute half of the assessment and credits towards the 20 credit Advanced Corporate Finance and Applications class, which will be a core requirement of the MSc Finance and MSc International Accounting and Finance programmes.
The class will cover the capital structure of companies and their ability to raise finance through initial and seasoned equity capital raising, through a series of lectures and tutorials. This builds on the introductory investment appraisal, risk, return and cost of capital material covered in the module Principles of Finance.
The aims of this class are to provide a strong grounding in derivatives that may be used to manage the financial risks faced by individuals, financial institutions and business corporations. The class places an emphasis on corporate treasury management and the role of derivatives in managing treasury risk.
The aims of this class are to develop an appreciation of the investment characteristics of different types of securities, particularly bonds and shares, and to develop an understanding of how such securities are valued. This class will build on the analysis developed in the first semester class, Principles of Finance. It will consider the determination of interest rates, the valuation of bonds, the management of bond portfolios, and the valuation of equities.
Portfolio Theory & Management
The aim of this class is to examine the Markowitz (1952) approach to optimal portfolio selection. The class explores issues relating to optimal portfolio choice and issues in practical fund management.
Choose one from the following:
Empirical Methods in Finance
This class aims to build on the knowledge, understanding, and skills acquired in the Quantitative Methods in Finance class and extends it further, especially in the context of time series and panel data analysis. It focuses on applications in finance of econometric techniques and is extended to incorporate panel data analysis methods with their application in finance.
The aim of the class is to provide you with an understanding of the main ideas of behavioural finance. A particular emphasis is placed on understanding the roles of non-rational actions and the development of new financial models that incorporate these ideas.
You'll engage with up to date research and develop a critical view of existing and new finance theories and models. This class aims to introduce you to the rapid evolving area of behavioural finance. You'll develop an understanding of behavioural finance and an appreciation of its possible implications and applications.
This class introduces you to behavioural finance and provides you with an understanding of the main flaws of “traditional” finance theory from a behavioural finance viewpoint. It will allow you to develop the ability to discuss issues arising from violations of the rationality assumption and will enable you to evaluate new theoretical models based on research in psychology.
The course will allow you to appreciate the role of new developments in finance and their possible implications for established views of the functioning of financial markets.
Learning & teaching
The taught component of the course will be covered in the first two semesters. Both of these semesters will run for 12 weeks.
At MSc level, the research project stage of the course is taken during the summer semester.
Every class will either have a class test or assignment during Semester 1 and 2. The exams for all classes will take place at the end of the semester in January and May each year.
- a good undergraduate degree or equivalent, in accounting, economics, business studies or a subject area with a strong quantitative basis
- applications are also considered from those with appropriate professional qualifications and relevant practical experience
- for students whose first language is not English, find more information about the English language requirements for studying at Strathclyde
- you must be able to attend the introductory sessions at the end of September 2015
Pre-Masters Preparation Course
The Pre-Masters Programme is a preparation course for international students (non EU/UK) who do not meet the entry requirements for a Masters degree at the University of Strathclyde. The Pre-Masters programme provides progression to a number of degree options.
To find out more about the courses and opportunities on offer visit isc.strath.ac.uk or call today on +44 (0) 1273 339333 and discuss your education future. You can also complete the online application form, or to ask a question please fill in the enquiry form and talk to one of our multi-lingual Student Enrolment Advisers today.
Fees & funding
How much will my course cost?
All fees quoted are for full-time courses and per academic year unless stated otherwise.
2015/16 - £10,000
Rest of UK
2015/16 - £10,000
2015/16 - £16,000
How can I fund my course?
The fees shown are annual and may be subject to an increase each year.
This course is suitable for those intending to develop their careers in finance, broadly defined as:
- corporate finance
- security analysis
- portfolio management
- options and futures
- treasury management
- the functioning of financial institutions and markets
- financial decision-taking in the public sector
Where are they now?
Job titles include:*
- Associate – Assurance
- Equities Trader
- Financial Analyst
- Financial Trader
- Investments Reporting Analyst
- Market Data Analyst
- Risk Management Officer
- Structured Derivative Sales
- Tax Associate
- AEGON UK
- Allianz Global Investors
- Ernst & Young
- Franklin Templeton Investment
- Morgan Stanley
*Based on the results of the national Destinations of Leavers from Higher Education Survey (2010/11 and 2011/12).
There’s no need to make an application for all taught postgraduate courses from the Department of Accounting and Finance. It’s possible to transfer to one of the departments other programmes should you wish to do so after starting your studies. You should just choose one course for application purposes.
Investment and Finance
Qualification: MSc, Start date: Sep 2015, Mode of delivery: attendance, full-time
Investment and Finance
Qualification: MSc, Start date: Sep 2016, Mode of delivery: attendance, full-time