• For Entry: January | September
  • Duration: 12 months
  • School: Business
  • Study Mode: Full Time

We focus on the role of modern business organisations, financial institutions and markets in the global economy.

TEF Gold - Teaching Excellence Framework

This degree and all of the available pathways offer exemption from ACCA papers F1-F3 (the papers have been recently renamed as Applied Knowledge AB, Applied Knowledge MA, and Applied Knowledge FA).

This degree programme offers the opportunity to specialise on one of a selection of what we call pathways. You can study.

  • MSc Finance
  • MSc Finance and Banking
  • MSc Finance and Investment
  • MSc Finance and Risk

You are able to change your chosen pathway within the first two weeks of arriving at Dundee. 

This programme enables you to understand in detail the operation of modern business organisations and the role of financial institutions and capital markets in the global economy.

It will introduce you to state-of-the-art techniques and thinking regarding research methodology and the statistical techniques employed to investigate a firm's values and asset prices. At Dundee you will be taught by staff who have practical experience working in the financial sector or who have insights into financial practices through their research of, and with, analysts, company directors and market traders.

You will also learn to analyse and interpret financial data and solve quantitative problems in and finance, and critically evaluate research in finance and financial markets.

Teaching Excellence Framework (TEF)

The University of Dundee has been given a Gold award – the highest possible rating – in the 2017 Teaching Excellence Framework (TEF).

Read more about the Teaching Excellence Framework

TEF Gold - Teaching Excellence Framework

You’ll learn about the structure of modern capital markets, with an emphasis on data analysis and quantitative skills through taught modules and a dissertation.

How you will be taught

There are two intakes each year - January and September. The course lasts for 12 months. Modules start at the beginning of the academic session and are taught through a mixture of lectures and tutorials.

How you will be assessed

Modules are examined in December and April/ May. Students complete their supervised dissertation during the summer. The dissertation takes around three months to complete with final drafts submitted in August.

Course content

The course will encourage you to think critically about how modern business organisations interact with capital markets. Specifically, you will:

  • understand the manner in which modern global capital markets operate
  • analyse the relative merits of alternative trading systems
  • evaluate the impact of risk on modern businesses and find out how markets can minimise its impact
  • understand challenges facing emerging financial markets
  • appreciate the links between international capital markets and related disciplines, such as financial accounting, management accounting and corporate governance
  • apply econometric techniques to large datasets using modern statistical software, and use these skills to assess the behaviour of individual shares and market indices
  • understand methodological issues inherent in social science research
  • work intensively on a research-based dissertation

 

 

 

MSc Finance

Core modules

The module provides you with an intuitive grasp of the theoretical concepts and basic skills required to estimate and interpret economic models. In particular, it will allow you to apply statistical techniques to problems in finance by (i) translating theoretical models into an empirically implementable form; (ii) analysing statistical data; and (iii) interpreting econometric results. The module also provides you with an overview of the empirical methods used by financial academics and professionals in the analysis of financial asset prices.


* Requires prior knowledge of econometrics.

Optional modules – choose four in total

Choose at least one from

This module provides you with an extensive, detailed and critical knowledge and understanding of contemporary issues in the banking industry and financial markets. You will understand the role of banks as financial intermediaries; the role of banks in the international money; credit and bond markets; the impact of international factors on banks; the regulatory environment in which banks operate; the risks faced by banks and how to mitigate these risks, and the latest trends in innovation and technology in banking.

Credits

Stage 5 (SCQF level 11) 20 credits

This module will develop your understanding of the behaviour of financial agents and the workings of global financial markets within the framework of modern finance theory. Topics include the time value of money and discounted cash flow analysis; theories of the yield curve and bond valuation; risk-return trade-off and mean-variance portfolio theory; Capital Asset Pricing Model and the Efficient Market Hypothesis; alternative approaches to stock valuation and financial ratio analysis; influence of corporate dividend policy and capital structure on stock pricing; functions of futures exchanges and the valuation of financial and commodity futures and the properties and valuation of option contracts.

The module will broaden your knowledge and understanding of the quantitative theory of financial risk, and how that risk can be managed by financial derivatives; develop critical reasoning skills in the context of financial derivatives and financial risk management; equip you with the practical skills to apply most appropriate financial derivatives to managing and hedging the financial markets volatility. When you finish the module you will be able to explain (i) the sources of financial markets risk, (ii) the key characteristics of various derivative products; (iii) the use of these products as risk management tools and understand the implications of hedging via risk-neutral replication and construct hedge portfolios, and understand pricing and hedging principles of a range of derivatives.

You will be introduced to the main financial issues confronting developing countries. In particular you will examine current issues in emerging market finance as well as the suitability of mainstream finance theory for emerging financial markets. You will acquire the knowledge and understanding of how emerging stock markets have evolved; international portfolio diversification; the efficiency of emerging capital markets; predicting financial crises; stock market interdependence and stock market listing behaviour.

Choose at least one from

This module enables you to evaluate and manage the risks involved in international business in order to make sound financing and investment decisions. You will develop a knowledge and understanding of foreign exchange and eurocurrency markets; models of foreign exchange rate determination and financial products that manage currency risk; models of interest rate determination and financial products that manage interest rate risk; the practical uses of international capital markets for managing risk; the international economic and political environment in which multinational companies operate; the risks of foreign direct and foreign portfolio investment; practical perspectives of risk, and techniques for assessing the risk of capital and financial investments.

The module aims to provide a detailed understanding of how to analyse and estimate the efficiency of banks and the competitive structure of banking markets. The module covers issues relating to the financial statement of banks, including ratio analysis and the risk assessment of banking ratios. The module also aims to equip students with the knowledge and skills required to model banking efficiency using parametric and non-parametric techniques.

Credits
 
Stage 5 (SCQF level 11), 20 credits

Security Analysis an Equity Valuation

Investment Management

The module aims to provide a detailed understanding of the operation of the venture capital (VC)/private equity (PE) industry. It looks in detail at how venture capital firms operate, screen and select business proposals.

The module provides knowledge of the VC/PE investment process including the decision making with respect to the screening and selecting of business proposals, the negotiation and structuring of deals, as well as the exit routes available.

Financial Regulation and Ethics

Banking Law and Financial Markets

Aims

To examine the regulation of financial services and markets in&n a global context, with particular reference to the financial crisis and its aftermath.

Examples of content

The syllabus will evolve in line with new developments. It is envisaged that the module may comprise the following elements:

  • introduction to banking and financial services regulation and the context in which the industry operates, including its recent history.
  • main features of the regulation of financial services at the UK and EU level.
  • substantive law relating to financial services (I): Contract and tort.
  • substantive law relating to financial services (II): Property and crime.
  • the interaction of financial services regulation and competition policy.

SCQF credits

20

MSc Finance and Banking

Core modules

The module aims to provide a detailed understanding of how to analyse and estimate the efficiency of banks and the competitive structure of banking markets. The module covers issues relating to the financial statement of banks, including ratio analysis and the risk assessment of banking ratios. The module also aims to equip students with the knowledge and skills required to model banking efficiency using parametric and non-parametric techniques.

Credits
 
Stage 5 (SCQF level 11), 20 credits

You will be introduced to the main financial issues confronting developing countries. In particular you will examine current issues in emerging market finance as well as the suitability of mainstream finance theory for emerging financial markets. You will acquire the knowledge and understanding of how emerging stock markets have evolved; international portfolio diversification; the efficiency of emerging capital markets; predicting financial crises; stock market interdependence and stock market listing behaviour.

The module provides you with an intuitive grasp of the theoretical concepts and basic skills required to estimate and interpret economic models. In particular, it will allow you to apply statistical techniques to problems in finance by (i) translating theoretical models into an empirically implementable form; (ii) analysing statistical data; and (iii) interpreting econometric results. The module also provides you with an overview of the empirical methods used by financial academics and professionals in the analysis of financial asset prices.


* Requires prior knowledge of econometrics.

Optional modules

Choose two in total 

Designed to introduce students to the structure and functioning of the banking and financial services industry. In particular, the

module will examine the key and emergent issues in banking, including the role of central banks and regulation, and the risks that banks face. The module will also introduce students to different banking systems across the globe.

This module provides you with an extensive, detailed and critical knowledge and understanding of contemporary issues in the banking industry and financial markets. You will understand the role of banks as financial intermediaries; the role of banks in the international money; credit and bond markets; the impact of international factors on banks; the regulatory environment in which banks operate; the risks faced by banks and how to mitigate these risks, and the latest trends in innovation and technology in banking.

Credits

Stage 5 (SCQF level 11) 20 credits

This module will develop your understanding of the behaviour of financial agents and the workings of global financial markets within the framework of modern finance theory. Topics include the time value of money and discounted cash flow analysis; theories of the yield curve and bond valuation; risk-return trade-off and mean-variance portfolio theory; Capital Asset Pricing Model and the Efficient Market Hypothesis; alternative approaches to stock valuation and financial ratio analysis; influence of corporate dividend policy and capital structure on stock pricing; functions of futures exchanges and the valuation of financial and commodity futures and the properties and valuation of option contracts.

The module will broaden your knowledge and understanding of the quantitative theory of financial risk, and how that risk can be managed by financial derivatives; develop critical reasoning skills in the context of financial derivatives and financial risk management; equip you with the practical skills to apply most appropriate financial derivatives to managing and hedging the financial markets volatility. When you finish the module you will be able to explain (i) the sources of financial markets risk, (ii) the key characteristics of various derivative products; (iii) the use of these products as risk management tools and understand the implications of hedging via risk-neutral replication and construct hedge portfolios, and understand pricing and hedging principles of a range of derivatives.

This module enables you to evaluate and manage the risks involved in international business in order to make sound financing and investment decisions. You will develop a knowledge and understanding of foreign exchange and eurocurrency markets; models of foreign exchange rate determination and financial products that manage currency risk; models of interest rate determination and financial products that manage interest rate risk; the practical uses of international capital markets for managing risk; the international economic and political environment in which multinational companies operate; the risks of foreign direct and foreign portfolio investment; practical perspectives of risk, and techniques for assessing the risk of capital and financial investments.

Investment Management

The module aims to provide a detailed understanding of the operation of the venture capital (VC)/private equity (PE) industry. It looks in detail at how venture capital firms operate, screen and select business proposals.

The module provides knowledge of the VC/PE investment process including the decision making with respect to the screening and selecting of business proposals, the negotiation and structuring of deals, as well as the exit routes available.

Financial Regulation and Ethics

Banking Law and Financial Markets

Aims

To examine the regulation of financial services and markets in&n a global context, with particular reference to the financial crisis and its aftermath.

Examples of content

The syllabus will evolve in line with new developments. It is envisaged that the module may comprise the following elements:

  • introduction to banking and financial services regulation and the context in which the industry operates, including its recent history.
  • main features of the regulation of financial services at the UK and EU level.
  • substantive law relating to financial services (I): Contract and tort.
  • substantive law relating to financial services (II): Property and crime.
  • the interaction of financial services regulation and competition policy.

SCQF credits

20

MSc Finance and Investment

Core modules

You will be introduced to the main financial issues confronting developing countries. In particular you will examine current issues in emerging market finance as well as the suitability of mainstream finance theory for emerging financial markets. You will acquire the knowledge and understanding of how emerging stock markets have evolved; international portfolio diversification; the efficiency of emerging capital markets; predicting financial crises; stock market interdependence and stock market listing behaviour.

The module provides you with an intuitive grasp of the theoretical concepts and basic skills required to estimate and interpret economic models. In particular, it will allow you to apply statistical techniques to problems in finance by (i) translating theoretical models into an empirically implementable form; (ii) analysing statistical data; and (iii) interpreting econometric results. The module also provides you with an overview of the empirical methods used by financial academics and professionals in the analysis of financial asset prices.


* Requires prior knowledge of econometrics.

Investment Management

Optional modules

Choose two in total 

This module provides you with an extensive, detailed and critical knowledge and understanding of contemporary issues in the banking industry and financial markets. You will understand the role of banks as financial intermediaries; the role of banks in the international money; credit and bond markets; the impact of international factors on banks; the regulatory environment in which banks operate; the risks faced by banks and how to mitigate these risks, and the latest trends in innovation and technology in banking.

Credits

Stage 5 (SCQF level 11) 20 credits

This module will develop your understanding of the behaviour of financial agents and the workings of global financial markets within the framework of modern finance theory. Topics include the time value of money and discounted cash flow analysis; theories of the yield curve and bond valuation; risk-return trade-off and mean-variance portfolio theory; Capital Asset Pricing Model and the Efficient Market Hypothesis; alternative approaches to stock valuation and financial ratio analysis; influence of corporate dividend policy and capital structure on stock pricing; functions of futures exchanges and the valuation of financial and commodity futures and the properties and valuation of option contracts.

The module will broaden your knowledge and understanding of the quantitative theory of financial risk, and how that risk can be managed by financial derivatives; develop critical reasoning skills in the context of financial derivatives and financial risk management; equip you with the practical skills to apply most appropriate financial derivatives to managing and hedging the financial markets volatility. When you finish the module you will be able to explain (i) the sources of financial markets risk, (ii) the key characteristics of various derivative products; (iii) the use of these products as risk management tools and understand the implications of hedging via risk-neutral replication and construct hedge portfolios, and understand pricing and hedging principles of a range of derivatives.

This module enables you to evaluate and manage the risks involved in international business in order to make sound financing and investment decisions. You will develop a knowledge and understanding of foreign exchange and eurocurrency markets; models of foreign exchange rate determination and financial products that manage currency risk; models of interest rate determination and financial products that manage interest rate risk; the practical uses of international capital markets for managing risk; the international economic and political environment in which multinational companies operate; the risks of foreign direct and foreign portfolio investment; practical perspectives of risk, and techniques for assessing the risk of capital and financial investments.

Security Analysis an Equity Valuation

The module aims to provide a detailed understanding of the operation of the venture capital (VC)/private equity (PE) industry. It looks in detail at how venture capital firms operate, screen and select business proposals.

The module provides knowledge of the VC/PE investment process including the decision making with respect to the screening and selecting of business proposals, the negotiation and structuring of deals, as well as the exit routes available.

Financial Regulation and Ethics

Banking Law and Financial Markets

Aims

To examine the regulation of financial services and markets in&n a global context, with particular reference to the financial crisis and its aftermath.

Examples of content

The syllabus will evolve in line with new developments. It is envisaged that the module may comprise the following elements:

  • introduction to banking and financial services regulation and the context in which the industry operates, including its recent history.
  • main features of the regulation of financial services at the UK and EU level.
  • substantive law relating to financial services (I): Contract and tort.
  • substantive law relating to financial services (II): Property and crime.
  • the interaction of financial services regulation and competition policy.

SCQF credits

20

MSc Finance and Risk

Core modules

This module enables you to evaluate and manage the risks involved in international business in order to make sound financing and investment decisions. You will develop a knowledge and understanding of foreign exchange and eurocurrency markets; models of foreign exchange rate determination and financial products that manage currency risk; models of interest rate determination and financial products that manage interest rate risk; the practical uses of international capital markets for managing risk; the international economic and political environment in which multinational companies operate; the risks of foreign direct and foreign portfolio investment; practical perspectives of risk, and techniques for assessing the risk of capital and financial investments.

You will be introduced to the main financial issues confronting developing countries. In particular you will examine current issues in emerging market finance as well as the suitability of mainstream finance theory for emerging financial markets. You will acquire the knowledge and understanding of how emerging stock markets have evolved; international portfolio diversification; the efficiency of emerging capital markets; predicting financial crises; stock market interdependence and stock market listing behaviour.

The module provides you with an intuitive grasp of the theoretical concepts and basic skills required to estimate and interpret economic models. In particular, it will allow you to apply statistical techniques to problems in finance by (i) translating theoretical models into an empirically implementable form; (ii) analysing statistical data; and (iii) interpreting econometric results. The module also provides you with an overview of the empirical methods used by financial academics and professionals in the analysis of financial asset prices.


* Requires prior knowledge of econometrics.

Optional modules

Choose two in total 

This module provides you with an extensive, detailed and critical knowledge and understanding of contemporary issues in the banking industry and financial markets. You will understand the role of banks as financial intermediaries; the role of banks in the international money; credit and bond markets; the impact of international factors on banks; the regulatory environment in which banks operate; the risks faced by banks and how to mitigate these risks, and the latest trends in innovation and technology in banking.

Credits

Stage 5 (SCQF level 11) 20 credits

This module will develop your understanding of the behaviour of financial agents and the workings of global financial markets within the framework of modern finance theory. Topics include the time value of money and discounted cash flow analysis; theories of the yield curve and bond valuation; risk-return trade-off and mean-variance portfolio theory; Capital Asset Pricing Model and the Efficient Market Hypothesis; alternative approaches to stock valuation and financial ratio analysis; influence of corporate dividend policy and capital structure on stock pricing; functions of futures exchanges and the valuation of financial and commodity futures and the properties and valuation of option contracts.

The module will broaden your knowledge and understanding of the quantitative theory of financial risk, and how that risk can be managed by financial derivatives; develop critical reasoning skills in the context of financial derivatives and financial risk management; equip you with the practical skills to apply most appropriate financial derivatives to managing and hedging the financial markets volatility. When you finish the module you will be able to explain (i) the sources of financial markets risk, (ii) the key characteristics of various derivative products; (iii) the use of these products as risk management tools and understand the implications of hedging via risk-neutral replication and construct hedge portfolios, and understand pricing and hedging principles of a range of derivatives.

The module aims to provide a detailed understanding of how to analyse and estimate the efficiency of banks and the competitive structure of banking markets. The module covers issues relating to the financial statement of banks, including ratio analysis and the risk assessment of banking ratios. The module also aims to equip students with the knowledge and skills required to model banking efficiency using parametric and non-parametric techniques.

Credits
 
Stage 5 (SCQF level 11), 20 credits

Security Analysis an Equity Valuation

Investment Management

The module aims to provide a detailed understanding of the operation of the venture capital (VC)/private equity (PE) industry. It looks in detail at how venture capital firms operate, screen and select business proposals.

The module provides knowledge of the VC/PE investment process including the decision making with respect to the screening and selecting of business proposals, the negotiation and structuring of deals, as well as the exit routes available.

Financial Regulation and Ethics

Banking Law and Financial Markets

Aims

To examine the regulation of financial services and markets in&n a global context, with particular reference to the financial crisis and its aftermath.

Examples of content

The syllabus will evolve in line with new developments. It is envisaged that the module may comprise the following elements:

  • introduction to banking and financial services regulation and the context in which the industry operates, including its recent history.
  • main features of the regulation of financial services at the UK and EU level.
  • substantive law relating to financial services (I): Contract and tort.
  • substantive law relating to financial services (II): Property and crime.
  • the interaction of financial services regulation and competition policy.

SCQF credits

20

My most positive experience of the University came from the professors. They were so knowledgeable in their fields that they could guide us to prepare our dissertation with high academic standard. At the University, there was also a big focus on self-learning which I enjoyed.

Chris Mok
MSc Finance

This course is ideal if you want to progress in banking, fund management, investment analysis, treasury management or doctoral study in finance. The structure of the degree emphasises the development of both the technical and generic skills required to work in the fast-moving world of finance.

The University has excellent employment outcomes for its students and this programme is designed to build on this record; past graduates have gone on to take up careers in international banking, asset management, investment analysis and academia.

You’ll be able to make use of the University's dedicated careers service to help you to confidently present yourself to the world's top employers.

Good first degree, preferably the equivalent of a UK 2:2 degree, in accounting, finance or related business discipline.

 EU and International qualifications


English Language Requirement

IELTS Overall 6.0
Listening 5.5
Reading 5.5
Writing 5.5
Speaking 5.5

 Equivalent grades from other test providers

 

English Language Programmes

We offer Pre-Sessional and Foundation Programme(s) throughout the year. These are designed to prepare you for university study in the UK when you have not yet met the language requirements for direct entry onto a degree programme.

 Discover our English Language Programmes

The fees you pay will depend on your fee status. Your fee status is determined by us using the information you provide on your application.

 Find out more about fee status

Fee statusFees for students starting 2019-20
Scottish and EU students £6,950 per year of study
Rest of UK students £6,950 per year of study
International students (non-EU) £16,450 per year of study
Fee statusFees for students starting 2020-21
Scottish and EU students £7,650 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £7,650 per year of study
See our scholarships for UK/EU applicants
International students (non-EU) £18,150 per year of study
See our scholarships for International applicants

Tuition fees for Overseas (non-EU) students will increase by no more than 5% per year for the length of your course.

Additional costs

You may incur additional costs in the course of your education at the University over and above tuition fees in an academic year.

Examples of additional costs:

One off costOngoing costIncidental cost
Graduation feeStudio feeField trips

*these are examples only and are not exhaustive.

Additional costs:

  • may be mandatory or optional expenses
  • may be one off, ongoing or incidental charges and certain costs may be payable annually for each year of your programme of study
  • vary depending on your programme of study
  • are payable by you and are non-refundable and non-transferable

Unfortunately, failure to pay additional costs may result in limitations on your student experience.

For additional costs specific to your course please speak to our Enquiry Team.

You apply for this course through our Direct Application System, which is free of charge. You can find out more information about making your application when you click Apply Now below

  Degree Course code
Apply nowFinance MScP038651

Course Contact

Dr Suzanne Fifield
Social Sciences
ProgrammeDirectorSchoolofBusiness@dundee.ac.uk
+44 (0)1382 385148

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