Programmes

MSc Finance (full-time)

  • Graduate taught
  • Department of Finance
  • Application code N3UA
  • Starting 2018

The MSc Finance (full-time) programme is one of the world’s leading generalist finance master's degrees, ideal for those whose career objectives lie broadly within the financial services sector.

The programme offers high level graduates, whose backgrounds may not necessarily be in finance, a unique opportunity to gain a comprehensive foundation and subsequent depth in the field. One of the most sought after degrees at LSE, the programme attracts some of the very best students from leading institutions from around the world.

You will gain an in-depth grounding with core courses in corporate finance and financial markets, before tailoring the degree to your goals with a range of optional courses, including a number of specifically designed applied courses. You will have the opportunity to gain deeper practical insight and links to the City, and will benefit from close interaction with LSE's Financial Markets Group and the Systemic Risk Centre, which attract leading finance researchers from across the world to their numerous research seminars and conferences. You will also have the opportunity to meet and network with the MSc Finance (part-time) students throughout the year.

The programme enjoys an excellent reputation amongst employers, with alumni working in a range of organisations including leading investment banks, financial institutions, consultancies and boutique firms.

Programme details

Key facts

MSc Finance (full-time)
Start date Pre-sessional course begins September 2018
Application deadline None – rolling admissions. However please note the funding deadlines
Duration 10 months full-time only, including pre-sessional (see Bologna process)
Applications 2016 1,580
Intake 2016 100
Availability UK/EU: Open 
Overseas: Open 
Tuition fee UK/EU: £34,200
Overseas: £34,200
Financial support Graduate support scheme (deadline 26 April 2018)
Minimum entry requirement 2:1 degree or equivalent in any discipline and good quantitative skills
GRE/GMAT requirement GMAT or GRE is required for all applicants without a UK undergraduate degree (GMAT strongly preferred). GMAT is recommended for applicants with UK undergraduate degrees, especially those whose quantitative skills are not demonstrated by their undergraduate studies, or those who did not achieve or are not expected to achieve a first class degree
English language requirements Standard (see 'assessing your application')
Location  Houghton Street, London

For more information about tuition fees and entry requirements, see the fees and funding and assessing your application sections.

Programme structure and courses

You will attend the Introductory Course in Mathematics and Statistics (before the main teaching programme starts) in late August 2017. The course includes treatment of dynamic programming, continuous time dynamic optimisation, quadratic forms, Kuhn-Tucker theorem, and marginal and conditional probability distributions, amongst other topics.

You also take two compulsory courses and optional courses to the value of two full units. In the second term, you will deepen your knowledge by taking four optional half-unit courses, on topics such as financial systems, risk management, portfolio management methods, advanced derivatives and structured financial products, fixed income, advanced corporate finance, and applied financial valuation. You will be required to write a 6,000-word dissertation in the place of an exam in one of the four optional courses.

Please note: ten-month master's programmes (including pre-sessional) are not compliant with the Bologna process, which may affect the extent to which they are 'recognised'. 

(* denotes a half unit)

Corporate Finance
Provides a comprehensive overview of firms' financial decision-making.

Asset Markets
Familiarises you with the workings of financial markets, and equips you with the fundamental tools of asset valuation.

Courses to the value of two full units from a range of options

You can find the most up-to-date list of optional courses in the Programme Regulations section of the current School Calendar.

You must note however that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated graduate course and programme information page.

Teaching and assessment

Contact hours and independent study

The average taught course contact hours per half unit is 20-30 hours and a full unit is 40-60 hours. This includes sessions such as lectures, classes, seminars or workshops. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide.

You are also expected to complete independent study outside of class time. This varies depending on the programme, but requires you to manage the majority of your study time yourself, by engaging in activities such as reading, note-taking, thinking and research.

Teaching methods

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students and in the majority of cases, teach on undergraduate courses only. You can view indicative details for the teacher responsible for each course in the relevant course guide.

Assessment

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Summative assessment may be conducted during the course or by final examination at the end of the course. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

Academic support

You will also be assigned an academic adviser who will be available for guidance and advice on academic or personal concerns.

There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE. LSE LIFE is the School’s centre for academic, personal and professional development. Some of the services on offer include: guidance and hands-on practice of the key skills you will need to do well at LSE: effective reading, academic writing and critical thinking; workshops related to how to adapt to new or difficult situations, including development of skills for leadership, study/work/life balance and preparing for the world of work; and advice and practice on working in study groups and on cross-cultural communication and teamwork. 

LSE is committed to enabling all students to achieve their full potential and the School’s Disability and Wellbeing Service provides a free, confidential service to all LSE students and is a first point of contact for all disabled students.

 

Careers

Many of our graduates join analyst programmes at major investment banks. Other students have joined consultancies, boutique firms, hedge funds, asset management firms or start-ups or have gone on to further study. This programme is not intended as suitable preparation for the PhD Finance at LSE (if you are interested in PhD study, please see MSc Finance and Economics).

Further information on graduate destinations for this programme

Yitian Jing

MSc Finance, 2013
Business Analyst, HSBC plc 

YitianJing170x230pg

Banking is now at a difficult time: operation and regulatory costs are increasing; profit margins are decreasing due to lack of economic activity. The conventional business area has undergone huge changes. The sector now requires the advantages of new technologies and IT.

I chose LSE due to its reputation, career prospects and professional environment. I wouldn’t have missed my LSE experience for anything!

Support for your career

Many leading organisations give careers presentations at the School during the year, and LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the support available to students through LSE Careers 

Student stories

Aleksis Razmuss

MSc Finance
Riga, Latvia

Razmuss_170x230jpg

This programme equips students with knowledge, skills and importantly – also the mindset, necessary to succeed in today's turbulent times and the tough job market. LSE’s urban location in the heart of Europe makes it unique, offering the vibrant lifestyle of a Londoner, exceptional links with employers and a truly multi-cultural perspective. The blend of knowledge, experiences, relationships and career opportunities I have gained during my programme have made me realise - nothing is impossible.

Assessing your application

We welcome applications from all suitably qualified prospective students and want to recruit students with the very best academic merit, potential and motivation, irrespective of their background.

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

- academic achievement (including predicted and achieved grades)
- personal statement
- two academic references
- CV

See further information on supporting documents

You may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE. See our English language requirements.

When to apply

Applications for this programme are considered on a rolling basis, meaning the programme will close once it becomes full. There is no fixed deadline by which you need to apply, however to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details. 

Minimum entry requirements for MSc Finance (full-time)

Upper second class honours (2:1) degree or equivalent in any discipline and good quantitative skills.

The mathematics used in the programme includes basic calculus and statistics, so applicants are also required to have studied a minimum of A level Mathematics (or its equivalent). Prior work experience is not a pre-requisite for entry into the programme, but can be considered an advantage.

Competition for places at the School is high. This means that even if you meet the minimum entry requirement, this does not guarantee you an offer of admission.

In addition, admission to this programme is very competitive. In previous years, the majority of students accepted into the programme had obtained first class honours degrees or the equivalent.

Applying to other programmes

The MSc Finance (full-time) and the MSc Finance and Private Equity are identical programmes with the exception of one exclusive, mandatory course in Private Equity available only to MSc Finance and Private Equity students, in which those students must do their dissertation.

Therefore you should not select one of these programmes as your first course choice and the other as your second course choice. Instead you should select your preferred programme only. If the MSc Finance and Private Equity is the preferred option, you should demonstrate why you are particularly suitable for, and want to study, private equity.

GRE/GMAT requirement

GMAT or GRE is required for all applicants without a UK undergraduate degree (GMAT strongly preferred). GMAT is recommended for applicants with UK undergraduate degrees, especially those whose quantitative skills are not demonstrated by their undergraduate studies, or those who did not achieve or are not expected to achieve a first class degree.

More about GRE/GMAT

Fees and funding

Every graduate student is charged a fee for their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2018/19 MSc Finance (full-time)

UK/EU students: £34,200
Overseas students: £34,200

Deposit
Offer holders will be required to pay a deposit of £3,000 within four weeks of receiving their offer to secure a place on the programme.

Fee status

For this programme, the tuition fee is the same for all students regardless of their fee status. However any financial support you are eligible for will depend on whether you are classified as a Home (UK/EU) or Overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information

Fees and funding opportunities

Fee reduction

Students who completed undergraduate study at LSE and are beginning taught graduate study at the School are eligible for a fee reduction of around 10 per cent of the fee.

Please refer to the Fees Office website for further information.

Scholarships and other funding

The School recognises that the cost of living in London may be higher than in your home town or country, and we provide over £11.5 million in scholarships each year to graduate students from the UK, EU and overseas.

This programme is eligible for needs-based awards from LSE, including the Graduate Support SchemeMaster's Awards, and Anniversary Scholarships

Selection for any funding opportunity is based on receipt of an application for a place – including all ancillary documents, before the funding deadline. 

Funding deadline for needs-based awards from LSE: 26 April 2018.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas. 

Check the latest information about scholarship opportunities

Government tuition fee loans and external funding

A postgraduate loan is available from the UK government for eligible students studying for a first master’s programme, to help with fees and living costs. Some other governments and organisations also offer tuition fee loan schemes.

Find out more about tuition fee loans
Find out more about external funding opportunities

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