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MSc Finance

MSc Finance

1 year 2 years Lincoln Business School Lincoln Campus [L] Validated 1 year 2 years Lincoln Business School Lincoln Campus [L] Validated

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MSc students talk about their experiences at Lincoln on YouTube.

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MSc Finance was in pivotal getting not just a job, but a job I enjoy that has a great career pipeline. The courses coverage of a wide area of finance has provided me with a good working knowledge of the finance industry. James Cohen, MSc Finance Graduate

Introduction

Our MSc Finance degree is designed to provide a framework for consolidating and enhancing students' finance and economics skills. Students have the opportunity to learn from experienced finance specialists and the chance to develop advanced knowledge in preparation for practice or further professional training.

Deregulation, globalisation and the effect of the worldwide economic crisis across international stock markets have led to a growing interest in the subject of finance. Professionals in today’s market need to be adept at managing investments of both a financial and economic nature and use sound and informed judgement in order to make crucial decisions.

Lincoln’s MSc Finance offers students the opportunity to explore practice in the context of relevant contemporary theory and research. Students can go beyond the fundamental theories to study advanced techniques, with a focus on quantitative methods and developing their critical-thinking skills.

How You Study

Students will be taught by staff who are research specialists in finance, providing the opportunity to develop advanced knowledge and skills in preparation for practice or further professional training.

At Certificate Level students will study four compulsory modules:

  • Financial Reporting
  • Corporate Finance 1
  • Portfolio Analysis
  • Quantitative Methods for Economics and Finance 1


Following this, the Diploma Level incorporates four more compulsory taught modules:

  • Bond Markets and Investment Analysis
  • Corporate Finance 2
  • International Macroeconomics and Finance
  • Quantitative Methods for Economics and Finance 2


Students then complete the final master's stage of the programme through a dissertation supported by a research methods module.

Contact hours

Each taught module at Certificate and Diploma level has three hours of timetabled contact time (lectures, seminars and workshops) per week for 12 weeks, plus assessment. You will normally study four modules per semester and therefore 12 hours per week.

Postgraduate level study involves a significant proportion of independent study exploring the material covered in lectures and seminars. As a general guide, for every hour in class students are expected to spend two - three hours in independent study.

How You Are Assessed

Assessment methods reflect the differing theoretical and practical approaches and learning outcomes of each individual module. They include unseen written examinations and individual coursework.

Formative assessments such as problem-solving in seminars or class tests are integrated into the programme. Whether assessment is formative or summative, students will be offered feedback with the aim of ensuring that it contributes to the learning process. Some coursework and module projects will be marked and returned during the teaching period, providing written feedback to the students and allowing them to identify problems in time to work on them before the final assessment.


Assessment Feedback

The University of Lincoln's policy on assessment feedback aims to ensure that academics will return in-course assessments to you promptly – usually within 15 working days after the submission date.

Entry Requirements

A minimum 2:2 honours degree in a social or physical science, plus 80 points in a maths-based A Level subject

Alternatively, prior work experience in a related field will be considered in place of a degree at the discretion of the teaching team.

International Students will require English Language at IELTS 6.0 with no less than 5.5 in each element, or equivalent. http://www.lincoln.ac.uk/englishrequirements

Key Contacts

Academic:
Dr Geeta Lakshmi
glakshmi@lincoln.ac.uk
+44 (0)1522 835612

Enquiries:
rbotham@lincoln.ac.uk
+44 (0)1522 835532

Master's Level

Bond Markets and Investment Analysis (Core)

This module provides students with a chance to develop an understanding of the concepts and theory of portfolio analysis with a focus on straight bonds. It explores the analytical framework of bond management techniques and also seeks to introduce and evaluate the measures of investment funds’ performance.

The module is designed to complement the Portfolio Analysis module by providing opportunities to explore how bond pricing works in conjunction with the term structure and credit risk. The module unit is also designed to enable students to develop a conceptual understanding of how investment funds’ performance can be evaluated.

Corporate Finance 1 (Core)

Corporate Finance introduces the constructs of financial management decision making in modern firms and focuses on investment appraisal and the financing of the firm, dividend policy, capital structure and risk. It will familiarise students with the major theoretical developments and practices in the areas of corporate finance, and aims to encourage students to develop critical thinking about the advantages and disadvantages of diverse practices in areas of capital budgeting, dividend policy, capital structure and risk analysis. Throughout the module students will be expected to draw upon their own experiences and relate these to the theories, concepts and methods being presented.

Corporate Finance 2 (Core)

Following from Corporate Finance 1, this module looks further into the topic of Corporate Finance and advances the perspective that modern organisations can use the ideas of Modern Financial Theory (MFT) to enhance shareholder wealth through the use of derivatives, for example, to manage cash flow volatility. The module then moves to present a detailed analysis of the assumptions of the ‘classical’ approach to Corporate Finance, by analysing the ‘standard’ assumptions and presenting other approaches to the understanding of MFT. These are mainly the implications of alternative ‘modus operandi’ of financial logic, mainly from the perspective of behavioural finance.

Financial Reporting (Core)

Concerned with the preparation and analysis of published financial statements, this module looks at the framework within which accounts are created and considers the role of those statements. There will be the opportunity to explore relevant professional practice, theory and research in respect of the accounting framework and how these relate to finance in contemporary organisations, as well as the development of a critical perspective in respect of the information contained in, and omitted from, published financial statements.

International Macroeconomics and Finance (Core)

This module is designed to equip students with an in-depth and applied-oriented understanding of theoretical and empirical problems addressed in the field known as International Finance (also known as International Macroeconomics/Open Macroeconomics) and to bring students up to the research frontier in International Finance.

Portfolio Analysis (Core)

This module aims to provide concepts and theory of portfolio analysis with a focus on equities. It explores the analytical framework of asset pricing models and introduces the concepts associated with efficient market hypothesis. It will enable the students to develop a conceptual understanding of asset pricing models and make use of DATASTREAM. Students will develop their abilities to ascertain how successful portfolios can be formulated in efficient market, and draw upon statistical concepts of mean, variance, covariance and correlation and use basic rules pertaining to these.

Quantitative Methods for Economics and Finance I (Core)

This module provides students with an opportunity to develop their understanding relating to the background of statistical methods for primary research. Students will engage with statistical software, such as SPSS and Eviews, to apply quantitative analytical techniques to sets of data.

Quantitative Methods for Economics and Finance II (Core)

The aim of this module is to build on the work in Quantitative Methods for Economics and Finance I while focusing on specific quantitative analytical techniques. The models examined are: Dynamic, ARIMA, GARCH, VAR and ECM, among others. The EViews statistical software and the DATASTREAM data provider are essential to the learning objectives and assessment of the module.

Level 4

Independent Study for Banking Finance and Economics (Core)

This module provides students with an opportunity to carry out a substantive research project and to demonstrate their ability to investigate and reflect critically on an aspect of the programme. Students are expected to, with the guidance from their supervisor, generate their own research topic, select a research method, obtain data and apply theory as appropriate.

By aiming to combine well-developed theoretical and methodological foundations, the Independent Study project is designed to have both a practical value as a piece of research and also be of academic value.

Research Methods for Banking, Finance and Economics (Core)

This Research Methods module prepares you for undertaking the research for their Independent Study. It reviews core principles of the research methods that you likely to utilise in your research. The chosen method should form the basis of their research design, and the structure of the of Independent Study submission.

Special Features

  • The Lincoln International Business School has an experienced team of staff, which is made up of academically and professionally qualified lecturers with relevant industrial experience and finance experts with wide research interests.
  • The School hosts a series of visiting speakers each year. As part of the School, students will have the opportunity to learn from industry experts. Previous speakers have included representatives from organisations such as Deloitte, Santander, HSBC, Innocent, The Institute of Internal Auditors and Sir David Tweedie (ex-Chairman of the IASB).
  • Students will also have the chance to build their skills and knowledge further with extra-curricular activities such as joining a society, volunteering or becoming a Student Ambassador.

'The knowledgeable and enthusiastic faculty members create a friendly learning environment, encouraging not only academic but also social and personal development by students.' - Ha Dang, MSc Finance Alumni

Facilities

The Lincoln International Business School is based in the David Chiddick building alongside Lincoln Law School. The building provides students with teaching and learning space including lecture theatres, workshop rooms, an IT/language lab and a mooting chamber, along with places to meet and eat with friends and staff.

Sage 50 and SPSS software is available within the Business School for student use.

Career and Personal Development

MSc Finance graduates may find opportunities across the financial sector in areas including banking, foreign exchange, sales, and financial risk assessment and management. Some students go in to careers in research or academia.

Other Costs

For each course you may find that there are additional costs.

With regards to text books, the University provides students who enrol with a comprehensive reading list and you will find that our extensive library holds either material or virtual versions of the core texts that you are required to read. However, you may prefer to purchase some of these for yourself and you will be responsible for this cost.

Introduction

Our MSc Finance degree is designed to provide a framework for consolidating and enhancing students' finance and economics skills. Students have the opportunity to learn from experienced finance specialists and the chance to develop advanced knowledge in preparation for practice or further professional training.

Deregulation, globalisation and the effect of the worldwide economic crisis across international stock markets have led to a growing interest in the subject of finance. Professionals in today’s market need to be adept at managing investments of both a financial and economic nature and use sound and informed judgement in order to make crucial decisions.

Lincoln’s MSc Finance offers students the opportunity to explore practice in the context of relevant contemporary theory and research. Students can go beyond the fundamental theories to study advanced techniques, with a focus on quantitative methods and developing their critical-thinking skills. The programme is both quantitative and research-orientated in nature.

How You Study

Students will be taught by staff who are research specialists in finance, providing the opportunity to develop advanced knowledge and skills in preparation for practice or further professional training.

At Certificate Level students will study four compulsory modules:

  • Financial Reporting
  • Corporate Finance 1
  • Portfolio Analysis
  • Quantitative Methods for Economics and Finance 1


Following this, the Diploma Level incorporates four more compulsory taught modules:

  • Bond Markets and Investment Analysis
  • Corporate Finance 2
  • International Macroeconomics and Finance
  • Quantitative Methods for Economics and Finance 2


Students then complete the final master's stage of the programme through a dissertation supported by a research methods module.

Part-time students will complete the programme within two years. The programme structure for part-time study will be at the discretion of the programme leader.

Contact hours

Each taught module at Certificate and Diploma level has three hours of timetabled contact time (lectures, seminars and workshops) per week for 12 weeks, plus assessment. You will normally study four modules per term and therefore 12 hours per week.

Postgraduate level study involves a significant proportion of independent study exploring the material covered in lectures and seminars. As a general guide, for every hour in class students are expected to spend at least four - five hours in independent study. For more detailed information please contact the programme leader.

How You Are Assessed

Assessment methods reflect the differing theoretical and practical approaches and learning outcomes of each individual module. They include unseen written examinations and individual coursework.

Formative assessments such as problem-solving in seminars or class tests are integrated into the programme. Whether assessment is formative or summative, students will be offered feedback with the aim of ensuring that it contributes to the learning process. Some coursework and module projects will be marked and returned during the teaching period, providing written feedback to the students and allowing them to identify problems in time to work on them before the final assessment.


Assessment Feedback

The University of Lincoln's policy on assessment feedback aims to ensure that academics will return in-course assessments to you promptly – usually within 15 working days after the submission date.

Entry Requirements

First or second class honours degree and grade C in A Level Mathematics.

Students from quantitative social sciences, engineering and IT backgrounds are encouraged to apply. Students are expected to demonstrate a sound working knowledge of mathematics and statistics.

Alternatively, prior work experience in a related field will be considered in place of a degree at the discretion of the teaching team.

International Students will require English Language at IELTS 6.0 with no less than 5.5 in each element, or equivalent. http://www.lincoln.ac.uk/englishrequirements

Key Contacts

Academic:
Dr Geeta Lakshmi
glakshmi@lincoln.ac.uk
+44 (0)1522 835612

Enquiries:
rbotham@lincoln.ac.uk
+44 (0)1522 835532

Master's Level

Bond Markets and Investment Analysis (Core)

This module provides students with a chance to develop an understanding of the concepts and theory of portfolio analysis with a focus on straight bonds. It explores the analytical framework of bond management techniques and also seeks to introduce and evaluate the measures of investment funds’ performance.

The module is designed to complement the Portfolio Analysis module by providing opportunities to explore how bond pricing works in conjunction with the term structure and credit risk. The module unit is also designed to enable students to develop a conceptual understanding of how investment funds’ performance can be evaluated.

Corporate Finance 1 (Core)

Corporate Finance introduces the constructs of financial management decision making in modern firms and focuses on investment appraisal and the financing of the firm, dividend policy, capital structure and risk. It will familiarise students with the major theoretical developments and practices in the areas of corporate finance, and aims to encourage students to develop critical thinking about the advantages and disadvantages of diverse practices in areas of capital budgeting, dividend policy, capital structure and risk analysis. Throughout the module students will be expected to draw upon their own experiences and relate these to the theories, concepts and methods being presented.

Corporate Finance 2 (Core)

Following from Corporate Finance 1, this module looks further into the topic of Corporate Finance and advances the perspective that modern organisations can use the ideas of Modern Financial Theory (MFT) to enhance shareholder wealth through the use of derivatives, for example, to manage cash flow volatility. The module then moves to present a detailed analysis of the assumptions of the ‘classical’ approach to Corporate Finance, by analysing the ‘standard’ assumptions and presenting other approaches to the understanding of MFT. These are mainly the implications of alternative ‘modus operandi’ of financial logic, mainly from the perspective of behavioural finance.

Financial Reporting (Core)

Concerned with the preparation and analysis of published financial statements, this module looks at the framework within which accounts are created and considers the role of those statements. There will be the opportunity to explore relevant professional practice, theory and research in respect of the accounting framework and how these relate to finance in contemporary organisations, as well as the development of a critical perspective in respect of the information contained in, and omitted from, published financial statements.

International Macroeconomics and Finance (Core)

This module equips students with an in-depth and applied-oriented understanding of theoretical and empirical problems addressed in the field known as International Finance (also known as International Macroeconomics / Open Macroeconomics) and to bring students up to the research frontier in International Finance. It draws heavily on financial modelling and financial econometrics.

Portfolio Analysis (Core)

This module aims to provide concepts and theory of portfolio analysis with a focus on equities. It explores the analytical framework of asset pricing models and introduces the concepts associated with efficient market hypothesis. It will enable the students to develop a conceptual understanding of asset pricing models and make use of DATASTREAM. Students will develop their abilities to ascertain how successful portfolios can be formulated in efficient market, and draw upon statistical concepts of mean, variance, covariance and correlation and use basic rules pertaining to these.

Quantitative Methods for Economics and Finance I (Core)

This module provides students with an opportunity to develop their understanding relating to the background of statistical methods for primary research. Students will engage with statistical software, such as SPSS and Eviews, to apply quantitative analytical techniques to sets of data.

Quantitative Methods for Economics and Finance II (Core)

The aim of this module is to build on the work in Quantitative Methods for Economics and Finance I while focusing on specific quantitative analytical techniques. The models examined are: Dynamic, ARIMA, GARCH, VAR and ECM, among others. The EViews statistical software and the DATASTREAM data provider are essential to the learning objectives and assessment of the module.

Level 4

Independent Study for Banking Finance and Economics (Core)

This module provides students with an opportunity to carry out a substantive research project and to demonstrate their ability to investigate and reflect critically on an aspect of the programme. Students are expected to, with the guidance from their supervisor, generate their own research topic, select a research method, obtain data and apply theory as appropriate.

By aiming to combine well-developed theoretical and methodological foundations, the Independent Study project is designed to have both a practical value as a piece of research and also be of academic value.

Research Methods for Banking, Finance and Economics (Core)

This Research Methods module prepares you for undertaking the research for their Independent Study. It reviews core principles of the research methods that you likely to utilise in your research. The chosen method should form the basis of their research design, and the structure of the of Independent Study submission.

Special Features

  • The Lincoln International Business School has an experienced team of staff, which is made up of academically and professionally qualified lecturers with relevant industrial experience and finance experts with wide research interests.
  • The School hosts a series of visiting speakers each year. As part of the School, students will have the opportunity to learn from industry experts. Previous speakers have included representatives from organisations such as Deloitte, Santander, HSBC, Innocent, The Institute of Internal Auditors and Sir David Tweedie (ex-Chairman of the IASB).
  • Students will also have the chance to build their skills and knowledge further with extra-curricular activities such as joining a society, volunteering or becoming a Student Ambassador.

'The knowledgeable and enthusiastic faculty members create a friendly learning environment, encouraging not only academic but also social and personal development by students.' - Ha Dang, MSc Finance Alumnus

Facilities

The Lincoln International Business School is based in the David Chiddick building. The building provides students with teaching and learning space including lecture theatres, workshop rooms, an IT/language lab, along with places to meet and eat with friends and staff.

Sage 50, Eviews, Stata and SPSS software is available within the Business School for student use.

Career and Personal Development

MSc Finance graduates may find opportunities across the financial sector in areas including banking, foreign exchange, sales, and financial risk assessment and management. Some students go in to careers in research or academia.

Other Costs

For each course you may find that there are additional costs. With regards to text books, the University provides students who enrol with a comprehensive reading list and you will find that our extensive library holds either material or virtual versions of the core texts that you are required to read. However, you may prefer to purchase some of these for yourself and you will be responsible for this cost.

Tuition Fees

   2017/18 Entry* 2018/19 Entry*
Home/EU £7,600 £7,600
Home/EU 
(including Alumni Scholarship** reduction)
£5,320 £5,700
International £13,000 £15,300
International
(Including International Alumni / Global Postgraduate Scholarship** £2,000 reduction)
£11,000 £13,300
     
Part-time Home/EU £42 per credit point £42 per credit point
Part-time International £72 per credit point £85 per credit point

* Academic year September- July
** Subject to eligibility

Loans

A new system of postgraduate loans for Master's courses has been introduced in the UK. Under the new scheme individuals will be able to borrow up to £10,000 for the purpose of completing an eligible postgraduate Master's qualification.

Scholarships

As a postgraduate student you may be eligible for scholarships in addition to those shown above.

Guidance for Part-time Postgraduate Fees

To complete a standard Master's Taught programme, you must complete 180 credit points.

Full time students will be invoiced for the programme in full upon initial enrolment.

For part-time students, tuition fees are payable each credit point enrolled. To calculate your part-time fees, multiply the part-time fee per credit point by the number of credits you intend to complete within that academic year. This is usually between 60 and 90 credit points per year.

For example, if the fee per credit point for your programme is £38, and you enrol on 60 credits, the tuition fee payable for that academic year will be £2280.

For further information and for details about funding your study, scholarships and bursaries, please see our Postgraduate Fees & Funding pages [www.lincoln.ac.uk/home/studyatlincoln/postgraduateprogrammes/feesandfunding/].

The University intends to provide its courses as outlined in these pages, although the University may make changes in accordance with the Student Admissions Terms and Conditions.