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Investment and Finance MSc

Learn about the course below
Code
PGN390
Start
October 2021
EU/INT induction: September 2021
Duration
1 year full-time
2 years part-time
Attendance
Full-time
Part-time
Fees
£12,100 (UK) *
£16,500 (EU/INT) *
Course leader
Sina Badreddine

The finance and wealth management industry has become increasingly globalised, complex and reliant on information technology to create and manage financial asset portfolios, private equity, and hedge funds. This course provides you with the theoretical and practical knowledge of corporate and investment finance to prepare you for the practical requirements of your profession and increase your career opportunities.

Why study MSc Investment and Finance* at Middlesex University?

This course allows you to explore corporate and entrepreneurial finance as well as financial and managerial accounting, portfolio theory, and investment analysis and management. You will be enabled to create and manage your own investment portfolios as well as effectively manage clients’ portfolios or wealth funds.

There will also be an international focus on risk management, treasury, investment and private banking and you will gain advanced skills in financial modelling, econometrics, and quantitative risk management.

The year-long module will help to improve your learning and enhance your assimilation of complex subjects in a rewarding and beneficial manner.

Course highlights

  • Benefit from unlimited access to the Financial Markets Lab, where you can set up or simulate your trades in FX, equity and derivatives markets
  • You'll use specialist industry standard databases such as Bloomberg and Datastream, as well as software packages including Stata
  • There is a strong emphasis on practical application of theory to ensure you are ready for the working world

*Please note this course is subject to review.


Find out more

Sign up now to receive more information about studying at Middlesex University London.

What will you study on the MSc Investment and Finance?

Our modules are specifically structured to give you plenty of time to utilise large amounts of data and explore complex subjects to their fullest. The course will equip you with the theory and practice needed to communicate and evaluate empirical work, as well as giving you valuable training in specialist databases and software packages.

You will then move on to explore relevant theories such as financial derivative products, financial risk management and key aspects of corporate finance, as well as how to apply them to practical situations in the financial sector.

The dissertation research project is a chance for you to extend your knowledge of a selected topic and to apply it to the formulation and design of a substantive investigation.

What will you gain?

Upon completion of this course, you will have further developed your professional experience and have solid theoretical and practical knowledge and understanding of:

  • Portfolio theory and practice, financial analysis and management
  • Financial assets, such as fixed-income securities and derivatives
  • Financial engineering and other quantitative techniques to evaluate financial instruments
  • Financial database such as Bloomberg, Datastream, Eikon Thomson Reuters

Modules

  • Modules (changes for students in 2020)

    • Financial Theory and Applications (30 Credits) - Compulsory

      This module aims to provide a rigorous grounding in the theory of finance and equip you with knowledge and techniques that are required for arriving at investment and financing decisions.

      You will be able to identify the sources of agency problems and their effect on firm value as well as apply various techniques used in capital budgeting and evaluate financial assets. You will also understand the theories on which asset pricing models are built with reference to arbitrage opportunities.

      You will critically discuss the validity of modern theories that assess the impact of financing decision on the firm value and cost of capital and have the ability to evaluate the benefits and costs from both cash or share funded mergers and acquisitions.

    • International Financial Markets (15 Credits) - Compulsory

      This module will provide an overview of the nature and operation of international financial markets and their traded instruments. You are introduced to the organisation of the international financial system, the markets for foreign exchanges, stocks, bonds, commodities, and the risks and opportunities offered in these markets and systems. You will also gain essential knowledge for your future career in business, especially in the financial sector.

    • International Risk Management (15 Credits) - Compulsory

      The module aims to equip you with the knowledge essential to critically engage with modern financial risk management theory and practice undertaken by both financial and non-financial institutions.

      It offers advanced study of key issues, including categories of managed financial risk, the arbitrage-free theory of spot-forward price relations, valuing optionality in a financial risk environment, a comparison of over-the-counter and exchange-traded risk management arrangements, the limitations of risk management techniques and the evolving regulatory environment.

      You will be able to develop risk modelling skills, analytical and quantitative skills through engagement with current market data on Bloomberg Financial Database and Capital IQ.

    • Investment Management (15 Credits) - Compulsory

      This module provides you with a sound grounding in the theory and practice of investment management. You will focus on and explore strategies of portfolio construction, generating investment ideas, estimating investment risk and returns, and the use of derivative instruments.

    • Portfolio Theory and Equity Analysis (15 Credits) - Compulsory

      This module will provide you with a sound grounding in portfolio theory and equity analysis. You will be exposed to the key concepts and tools involved and be required to apply those tools to analyse real life financial assets.

    • Research Methods and Dissertation (60 Credits) - Compulsory

      The module provides you with the opportunity to select your own specialised research topic in the area of financial management. You will be expected to apply relevant theoretical frameworks, the existing seminal and the most up-to-date scholarly literature together with the relevant research methodologies and methods whilst conducting your research. You will be required to independently plan, organise, and coherently produce a limited but a well-researched work.

    • Applied Econometrics (15 Credits) - Compulsory

      This module deals with basic statistical methods and explores the application of these methods to analytical models in finance. You will gain the analytical and programming skills necessary to pursue empirical studies in finance. You will also be encouraged to use previous knowledge in statistics and computer programming.

    • Fixed-Income Securities (15 Credits) - Optional

      This module deepens your knowledge of fixed income products. A practical understanding of the pricing mechanics of fixed income products will be developed. The module will also incorporate new developments in fixed-income derivatives such as mortgage-backed securities, collateralised debt obligations, and other structured fixed-income financial products. The module will incorporate the Bloomberg Financial Database in teaching the concepts, valuation principles and application of financial derivative products.

  • Modules (typical structure)

    • Financial Theory and Applications (30 Credits) - Compulsory

      This module aims to provide a rigorous grounding in the theory of finance and equip you with knowledge and techniques that are required for arriving at investment and financing decisions.

      You will be able to identify the sources of agency problems and their effect on firm value as well as apply various techniques used in capital budgeting and evaluate financial assets. You will also understand the theories on which asset pricing models are built with reference to arbitrage opportunities.

      You will critically discuss the validity of modern theories that assess the impact of financing decision on the firm value and cost of capital and have the ability to evaluate the benefits and costs from both cash or share funded mergers and acquisitions.

    • International Financial Markets (15 Credits) - Compulsory

      This module will provide an overview of the nature and operation of international financial markets and their traded instruments. You are introduced to the organisation of the international financial system, the markets for foreign exchanges, stocks, bonds, commodities, and the risks and opportunities offered in these markets and systems. You will also gain essential knowledge for your future career in business, especially in the financial sector.

    • International Risk Management (15 Credits) - Compulsory

      The module aims to equip you with the knowledge essential to critically engage with modern financial risk management theory and practice undertaken by both financial and non-financial institutions.

      It offers advanced study of key issues, including categories of managed financial risk, the arbitrage-free theory of spot-forward price relations, valuing optionality in a financial risk environment, a comparison of over-the-counter and exchange-traded risk management arrangements, the limitations of risk management techniques and the evolving regulatory environment.

      You will be able to develop risk modelling skills, analytical and quantitative skills through engagement with current market data on Bloomberg Financial Database and Capital IQ.

    • Investment Management (15 Credits) - Compulsory

      This module provides you with a sound grounding in the theory and practice of investment management. You will focus on and explore strategies of portfolio construction, generating investment ideas, estimating investment risk and returns, and the use of derivative instruments.

    • Portfolio Theory and Equity Analysis (15 Credits) - Compulsory

      This module will provide you with a sound grounding in portfolio theory and equity analysis. You will be exposed to the key concepts and tools involved and be required to apply those tools to analyse real life financial assets.

    • Research Methods and Dissertation (60 Credits) - Compulsory

      The module provides you with the opportunity to select your own specialised research topic in the area of financial management. You will be expected to apply relevant theoretical frameworks, the existing seminal and the most up-to-date scholarly literature together with the relevant research methodologies and methods whilst conducting your research. You will be required to independently plan, organise, and coherently produce a limited but a well-researched work.

    • Applied Econometrics (15 Credits) - Compulsory

      This module deals with basic statistical methods and explores the application of these methods to analytical models in finance. You will gain the analytical and programming skills necessary to pursue empirical studies in finance. You will also be encouraged to use previous knowledge in statistics and computer programming.

    • Managerial Accounting (15 Credits) - Optional

      This module provides a critical understanding of management accounting techniques and practices and their relevance to contemporary business. The relevant concepts and theories, together with a range of emerging issues will be presented and critically evaluated.

    • Fixed-Income Securities (15 Credits) - Optional

      This module deepens your knowledge of fixed income products. A practical understanding of the pricing mechanics of fixed income products will be developed. The module will also incorporate new developments in fixed-income derivatives such as mortgage-backed securities, collateralised debt obligations, and other structured fixed-income financial products. The module will incorporate the Bloomberg Financial Database in teaching the concepts, valuation principles and application of financial derivative products.

    • Data Mining (15 Credits) - Optional

      The quantity of data available to analysts is growing at an ever-increasing rate. This data has become a vital tool for decision-making in a competitive world. However the size which makes the data so valuable also makes it difficult to analyse using traditional statistical methods. This module introduces you to a variety of methodologies now employed to explore, analyse, categorise and visualise data from large data sets and multiple related data sets. You will also explore the issues with data sets that are too large even for established data mining methods (“big data”).

More information about this course

See the course specification for more information about typical course content outside of the coronavirus outbreak:

Optional modules are usually available at levels 5 and 6, although optional modules are not offered on every course. Where optional modules are available, you will be asked to make your choice during the previous academic year. If we have insufficient numbers of students interested in an optional module, or there are staffing changes which affect the teaching, it may not be offered. If an optional module will not run, we will advise you after the module selection period when numbers are confirmed, or at the earliest time that the programme team make the decision not to run the module, and help you choose an alternative module.

How is the MSc Investment and Finance taught?

As well as online lectures and seminars, the course will also entail individual and group presentations. You will also be shown how to collect data from resources such as Datastream, IQCapital, and Fame.

The course also includes several online workshops on the different aspects of writing a dissertation delivered by academics who have produced high-quality, internationally-known research.

Assessment

.

Your knowledge and understanding is assessed by presentations, examinations and written assignments, and through the research and writing undertaken to complete your dissertation.

The assessment of the compulsory modules comprises in-class tests, presentations and individual or group coursework.

Teaching and learning

Changes for students in 2020

If you’re starting university in 2020, we’ll be teaching you in different ways to make sure you get the best learning experience possible. You’ll learn through live sessions with teaching staff and have the chance to study independently too, with access to all the online resources you need through our globally available student portal.

We’re planning different scenarios for teaching so that we can be flexible. While we’re social distancing, we’re aiming to teach you through some small group sessions on campus, with other interactive teaching as well as larger lectures delivered online and recorded sessions available to you on-demand. If you’re unable to make it to campus at first, or we need to limit access to campus in the future, your course can be delivered fully online.

The table below shows current plans for your learning across a typical week, including scheduled live online teaching and an indication of what we hope to teach face to face, where you can make it to campus. While some weeks might look different to this, due to how we schedule classes and make arrangements for any face to face sessions (for example, in some cases these could take place every two weeks with an increased number of hours), the table gives you an idea of what to expect based on the overall number of teaching hours on your course.

You’ll receive final arrangements for your teaching and a full course timetable before you start.

Scenario 1: Course delivered fully online

Live learning

Contact time per week, per level:

7 hours

Self-paced learning time

Average hours per week, per level:

40 hours

On demand resources

Average hours per week, per level:

3 hours

Scenario 2: Course delivered with a mix of online and face to face learning with social distancing in place

Live learning

Contact time per week, per level:

7 hours

Self-paced learning time

Average hours per week, per level:

40 hours

On demand resources

Average hours per week, per level:

3 hours

Face-to-face sessions

Contact time per week, per level:

2 hours

Read more about our scenarios for returning to campus and what they might mean for your teaching and learning experience, and how you’ll be able to access student support.

Future plans for teaching

We’re developing our timetable for face to face teaching with current government advice on social distancing to keep you safe. If social distancing requirements are lifted, we’ll start to safely move back towards our usual teaching arrangements with more opportunities for face to face learning. Some learning and support might stay online in this scenario. If more restrictions are put in place, or there is another lockdown, we’ll be prepared to deliver your learning and support fully online, with alternative arrangements made for any required placements. We’ll always give you notice of any changes that we make.

Definitions of terms

  • Live learning – Live learning will cover everything you’ll do with teaching staff like lectures, seminars, workshops and other classes, and we’ll schedule all of this for you. This might include some study outside your regular timetable, like taking part in discussion forums or online blogs where you’re supported by academic staff.
  • Independent learning – Independent learning is all the studying you’ll do outside your live learning sessions with teaching staff. This self-paced study will give you the chance to learn, prepare, revise and reflect in your own time as you need to, and you’ll have access to on-demand resources and materials to help you do your best.
    • Self-paced study – Self-paced study will give you the chance to learn wherever and whenever you want to and at your own pace, outside your live learning sessions. This independent learning could include reading and reflection, preparation for classes, revision or homework along with access to other online activities such as quizzes.
    • On-demand resources – You'll have access to on-demand resources like pre-recorded video lectures and workshops as part of your independent study. You’ll be able to review and revisit whenever you need to at your own pace.
  • Face to face sessions – Wherever it’s possible to do so, and we can make the necessary arrangements to ensure your safety, you’ll be able to attend scheduled sessions, workshops or appointments on campus as part of your live learning. The number of hours given in this scenario provides an indication of the number of hours of face to face learning you could expect, and a full timetable will be provided to you before the start of your course.

Support

You’ll have a strong support network available to you to make sure you develop all the necessary academic skills you need to do well on your course.

Our support services will mainly be delivered online and you’ll have access to a range of different resources so you can get the help you need, whether you’re studying at home or have the opportunity to come to campus.

You’ll have access to one to one and group sessions for personal learning and academic support from our library and IT teams, and our network of learning experts. Our teams will also be here to offer financial advice, and personal wellbeing, mental health and disability support.

More on teaching for your subject in 2020/21

Read our guide to what’s been happening in your subject area recently and more about what to expect this autumn.

  1. UK & EU
  2. International
  3. How to apply
  1. UK
  2. EU/International
  3. Additional costs
  4. Scholarships and bursaries

How can the MSc Investment and Finance support your career?

This MSc course has been designed to allow you to develop your analytical skills, acquire a body of knowledge, and be exposed to the frontiers of the subject.

Potential careers span across many sectors and can include:

  • Investment management
  • Hedge fund management
  • Equity, bond and foreign currency markets
  • Corporate treasury management
  • Risk management
  • Middlesex staff profile

    Devisha Bheemuck

    Investment and Finance MSc graduate and Financial Consultant at Deloitte

    The MSc Investment and Finance was an ideal choice for me because I wanted to develop my career in the finance sector. I easily found a good job in Mauritius thanks to the course - I'm working as financial consultant at Kemp Chatteris Deloitte. Thanks to my masters I got job interviews in all the blue chip financial organisations in Mauritius.

    The course has consolidated by financial knowledge through the diversity of its modules and now I feel more prepared to undertake courses like the CFA exams (which I'm about to embark on) and perhaps later on a PhD. I carry out all my job assignments with ease and confidence as I have a very good financial knowledge to back me up.

    Staying in the UK for one whole year has been a very difficult though cherished experience. The lecturers and staff have been helpful in all possible ways.



We’ll carefully manage any future changes to courses, or the support and other services available to you, if these are necessary because of things like changes to government health and safety advice, or any changes to the law.

Any decisions will be taken in line with both external advice and the University’s Regulations which include information on this.

Our priority will always be to maintain academic standards and quality so that your learning outcomes are not affected by any adjustments that we may have to make.

At all times we’ll aim to keep you well informed of how we may need to respond to changing circumstances, and about support that we’ll provide to you.

Other courses

Financial Management MSc/PGCert/PGDip

Start: October 2021

Duration: 1 year full-time, 2 years part-time

Code: PGN399

Banking and Finance MSc

Start: October 2021

Duration: 1 year full-time, 2 years part-time

Code: PGN302

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