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

Prepares business and non-business graduates for careers in the globalised financial industry, with the option to specialise in Investment Management or Risk and Regulation.

TEF Gold - Teaching Excellence Framework

If you want to orientate your earlier degree qualification towards a career in international finance, banking and insurance this master’s degree will set you on the right path.

Like a conventional finance master's degree, this course opens up the operation of modern business organisations and the role of financial institutions and capital markets in the global economy.

The MFin International Finance degree is particularly suitable for those with or without a business degree who may wish to re-direct or extend their career path in this direction.

The course responds directly to employers’ needs and prioritises team work; research and data analysis; report writing; presentations and multi-cultural interaction. It focuses on real-world skills and comprises a foundation module, eight finance modules and a short finance-based business report. The optional modules are varied and aimed at building your overall knowledge of international finance. Your options include, global financial markets, global risk analysis, risk and investment, econometrics, corporate finance, econometrics and emerging financial markets, to name a few.

You can study the straight MFin International Finance degree, or you can specialise in one of the following two degrees:

  • MFin International Finance and Investment Management
    Relevant to you if you are looking to develop your career, or move into the investment and brokering side of the financial sector. Perhaps you are considering a career in private banking, portfolio management or the professional management of securities and assets.
  • MFin International Finance, Risk and Regulation
    Specialising in risk and regulation has become much more relevant in the last decade. The speed and complexity of changing regulations and the risk associated. It is a critical aspect of business to monitor change, understand the risks and be adaptable to change.

Contact the programme director

Want to discuss the programme, application process or life in Dundee? You can  Skype Dr Bill Russell on uodschoolofbusiness. If he's online just call, otherwise send him a message indicating when you would like to chat. Or email w.r.russell@dundee.ac.uk

 

Internships in China, Mexico, Vietnam and Manchester (UK)

Enhance your employability with graduate internship opportunities.

Find out more »

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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

This is a full-time 12 month course. There are two start dates – September and January. A foundation module runs in the first two weeks of each intake.

How you will be taught

Teaching methods include lectures, workshops, group-work and student presentations. All modules provide opportunities for you to acquire and practice applicable skills (eg problem solving, case study analysis, group working).

How you will be assessed

All modules are assessed through a combination of coursework and final assessment held at the end of each Semester with a re-sit opportunity shortly thereafter. Coursework may account for as much as 40-50% of the overall degree.

Course content

MFin International Finance

Core modules

This element will give you the confidence to produce an international finance report. As advised by employers, it is short  and helps you write concisely and provide clear and focused analysis of a topic or issue in a way that will influence and guide managers and decision makers.

Optional modules - choose eight from below:

Credit rating: 20

This module is intended to introduce students with little or no prior knowledge of the subject to the key topics and issues in the contemporary corporate finance field. In addition, the module will provide a detailed description and discussion of the way in which the modern business is required to interact on an informed basis with global markets, in the latter’s role as provider of scarce finance resources to firms which, in turn, are required to manage these funds and report on their use thereof in a reliable manner.

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.

You will examine the fundamental concepts of international trade, finance and investment. It introduces the tools and techniques for asset pricing and capital budgeting, provides an overview of financial risk assessment and balance of payments and analyses the operation of the foreign exchange market and the determination of exchange rates. Topics you will cover include compounding, discounting and discounted cash flow analysis, the valuation of stocks and bonds in financial markets, the measurement of risk and the role of risk in asset pricing and financial decision-making, the balance of payments and the influence of macroeconomic factors on trade, the operation of currency markets and theories of exchange rate determination.

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.

Focuses on the theoretical basis and empirical evidence for understanding the functioning of international financial markets and

institutions. The module covers issues relating to money and banking, such as money supply, money demand and the determination of interest rates and exchange rates. The module also provides students with knowledge of different financial instruments and the ability to analysis and combine these securities into an efficient investment portfolio.
 
Credits
 
Stage 5 (SCQF level 11), 20 credits

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.

The module introduces you to a variety of statistical methods useful for decision making and to provide students with the quantitative skills required to use data and information to inform decisions in business and finance. The module provides an introduction to probability theory, estimation and statistical inference and regression analysis. On completion of the module you will be able to apply standard methods of statistical analysis, interpret the results of stochastic models and discuss these models’ more general applications.

Credits

Stage 5 (SCQF level 11), 20 credits

This module is taught intensively in the second part of the semester after Applied Business Statistics. You are provided with the quantitative skills required to forecast future values of business and financial data. This module enables you to use a variety of forecasting procedures and to assess their reliability. You will compare forecasting methods and discuss their uses and limitations.

MFin International Finance and Investment Management

Core Modules

This element will give you the confidence to produce an international finance report. As advised by employers, it is short  and helps you write concisely and provide clear and focused analysis of a topic or issue in a way that will influence and guide managers and decision makers.

Optional modules

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.

You will examine the fundamental concepts of international trade, finance and investment. It introduces the tools and techniques for asset pricing and capital budgeting, provides an overview of financial risk assessment and balance of payments and analyses the operation of the foreign exchange market and the determination of exchange rates. Topics you will cover include compounding, discounting and discounted cash flow analysis, the valuation of stocks and bonds in financial markets, the measurement of risk and the role of risk in asset pricing and financial decision-making, the balance of payments and the influence of macroeconomic factors on trade, the operation of currency markets and theories of exchange rate determination.

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.

Focuses on the theoretical basis and empirical evidence for understanding the functioning of international financial markets and

institutions. The module covers issues relating to money and banking, such as money supply, money demand and the determination of interest rates and exchange rates. The module also provides students with knowledge of different financial instruments and the ability to analysis and combine these securities into an efficient investment portfolio.
 
Credits
 
Stage 5 (SCQF level 11), 20 credits

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.

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 introduces you to a variety of statistical methods useful for decision making and to provide students with the quantitative skills required to use data and information to inform decisions in business and finance. The module provides an introduction to probability theory, estimation and statistical inference and regression analysis. On completion of the module you will be able to apply standard methods of statistical analysis, interpret the results of stochastic models and discuss these models’ more general applications.

Credits

Stage 5 (SCQF level 11), 20 credits

This module is taught intensively in the second part of the semester after Applied Business Statistics. You are provided with the quantitative skills required to forecast future values of business and financial data. This module enables you to use a variety of forecasting procedures and to assess their reliability. You will compare forecasting methods and discuss their uses and limitations.

MFin International Finance, Risk and Regulation

Core modules

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.

This element will give you the confidence to produce an international finance report. As advised by employers, it is short  and helps you write concisely and provide clear and focused analysis of a topic or issue in a way that will influence and guide managers and decision makers.

Optional modules

Credit rating: 20

This module is intended to introduce students with little or no prior knowledge of the subject to the key topics and issues in the contemporary corporate finance field. In addition, the module will provide a detailed description and discussion of the way in which the modern business is required to interact on an informed basis with global markets, in the latter’s role as provider of scarce finance resources to firms which, in turn, are required to manage these funds and report on their use thereof in a reliable manner.

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 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.

Focuses on the theoretical basis and empirical evidence for understanding the functioning of international financial markets and

institutions. The module covers issues relating to money and banking, such as money supply, money demand and the determination of interest rates and exchange rates. The module also provides students with knowledge of different financial instruments and the ability to analysis and combine these securities into an efficient investment portfolio.
 
Credits
 
Stage 5 (SCQF level 11), 20 credits

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.

The module introduces you to a variety of statistical methods useful for decision making and to provide students with the quantitative skills required to use data and information to inform decisions in business and finance. The module provides an introduction to probability theory, estimation and statistical inference and regression analysis. On completion of the module you will be able to apply standard methods of statistical analysis, interpret the results of stochastic models and discuss these models’ more general applications.

Credits

Stage 5 (SCQF level 11), 20 credits

This module is taught intensively in the second part of the semester after Applied Business Statistics. You are provided with the quantitative skills required to forecast future values of business and financial data. This module enables you to use a variety of forecasting procedures and to assess their reliability. You will compare forecasting methods and discuss their uses and limitations.

 

The highlight of the degree for many

This is your opportunity to undertake one of the following three as part of your degree:

  1. Internship in China, Mexico, Vietnam and Manchester (UK)
  2. Independent Project – possibly with an organisation
  3. Group Consultancy Project with an organisation
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At Dundee our master’s courses prepare you for a successful career, wherever in the world and in whatever sector you plan to work. Employers expect their postgraduate recruits to have advanced technical and communication skills, to be confident team-workers, independent researchers, good project-managers and to be at the leading edge of their specialism. We design our degree courses to respond to these demands.

We also have a team of staff dedicated to the School of Business. They offer a wide range of support services and run a number of events and workshops where you will get the chance to meet and network with industry.

The MFin International Finance programme will give you the skills and understanding to work in a variety of businesses such as banks, insurance companies, financial service companies and trading brokers. You may also want to apply for roles in the finance arms of industries and commercial firms outside of the finance sector.

Generally a good (at least a second class Honours degree or equivalent) first degree in any subject which has enabled the applicant to develop analytical and quantitative skills. If you are concerned that your qualifications do not meet our normal expectation you may apply, but you should include a short personal statement concerning your general interest in your own education, work experience and prior relevant learning.

 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 academic year 2019-20
Scottish and EU students £6,950 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £6,950 per year of study
See our scholarships for UK/EU applicants
Overseas students (non-EU) £16,450 per year of study
See our scholarships for International applicants

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 nowInternational Finance MFinP052700
Apply nowInternational Finance and Investment Management MFinP052700
Apply nowInternational Finance, Risk and Regulation MFinP052700

Course Contact

Dr Murat Mazibas
School of Business
m.mazibas@dundee.ac.uk
+44 (0)1382 381484

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