MSc in Finance and Economics (Work Placement Pathway)

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Programme Code: TMFIECW

Department: Finance

For students starting this programme of study in 2022/23

Guidelines for interpreting programme regulations

Classification scheme for the award of a taught master's degree (four units)
Exam sub-board local rules

Academic-year (10 month) programme. Students must take three compulsory full-unit core courses and two optional half-unit courses. All students must submit a 6,000 word dissertation in one of the optional courses and take a two-hour examination in the other. Students are also required to attend EC400 Introductory Course in Mathematics and Statistics.

Students who choose to transfer to the Work Placement Pathway must undertake a work placement and assessment in addition to the courses listed above. Transferring to the Work Placement Pathway extends the duration of the programme to 12 months. Students have the option to transfer to the Work Placement Pathway upon receipt of an offer to undertake an internship placement, which must be approved by the Department. Students on this pathway are required to undertake a full-time internship or work placement during the summer and to submit an essay of 2000 words following the placement (see FM411 for details). The essay will be assessed on a pass/fail basis and students must pass the essay to graduate from the programme.

Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and may be subject to timetabling constraints and/or students meeting specific prerequisite requirements.
Paper	Course number, title (unit value)


Introductory Course	EC400 Introductory Course in Mathematics and Statistics (0.0) #

Paper 1	B
	Courses to the value of 1.0 unit(s) from the following options: EC411 Microeconomics (1.0) #
	EC4B5 Macroeconomics for MSc F&E (0.5) and EC4B6 Microeconomics for MSc F&E (0.5)
	With the approval of the Programme Director, students who have already completed the equivalent of EC411 in their prior studies may be permitted to take the following course instead: EC413 Macroeconomics (1.0) #

Paper 2	FM436 Financial Economics (1.0) #

Paper 3	FM437 Financial Econometrics (1.0) #

Paper 4	D
	Courses to the value of 0.5 unit(s) from the following, to be assessed by examination: FM404 Advanced Financial Economics (0.5)
	FM405 Fixed Income Securities and Credit Markets (0.5)
	FM406 Topics in Portfolio Management (0.5)
	FM408 Financial Engineering (0.5) #
	FM408E Financial Engineering (0.5) (suspended 2025/26)
	FM409 Risk Management in Financial Markets (0.5)
	FM409E Risk Management in Financial Markets (0.5) (suspended 2025/26)
	FM412 Quantitative Security Analysis (0.5) #
	FM414E Venture Capital and Entrepreneurial Finance (0.5) (withdrawn 2024/25)
	FM421 Finance for Mergers, Buyouts and Corporate Restructurings (0.5) #
	FM471 Sustainable Finance and Impact Investing (0.5) #
	FM476 Entrepreneurial Finance (0.5) #
	FM477 International Finance A (0.5)

	AND courses to the value of 0.5 unit(s) from the following, to be assessed by dissertation (please note that a course cannot be selected from this list of the course with the equivalent title has already been selected from List 1): FM478 International Finance for MSc Finance and Economics, MSc Finance and MSc Finance & Private Equity - Dissertation (0.5) # (withdrawn 2023/24)
	FM4T1 Forecasting Financial Time Series - Dissertation (0.5) (withdrawn 2023/24)
	FM4T2 Finance for Mergers, Buyouts and Corporate Restructurings- Dissertation (0.5)
	FM4T6 Topics in Portfolio Management - Dissertation (0.5) (withdrawn 2023/24)
	FM4T8 Financial Engineering - Dissertation (0.5) (withdrawn 2023/24)
	FM4U1 Fixed Income Markets - Dissertation (0.5)
	FM4U2 Quantitative Methods for Finance and Risk Analysis (Dissertation) (0.5) (withdrawn 2023/24)
	FM4U4 Quantitative Security Analysis - Dissertation (0.5) (withdrawn 2023/24)
	FM4U5 Fixed Income Securities and Credit Markets - Dissertation (0.5) (withdrawn 2023/24)
	FM4U9E Risk Management in Financial Markets - Dissertation (0.5) (withdrawn 2023/24)

Additional course
	The following course is not for credit and can be taken in addition to courses to the value of 1.0 unit selected from Paper 4: FM457 Applied Computational Finance (0.0) (withdrawn 2023/24)



Paper 5	A FM411 Finance Work Placement and Assessment (0.0) #

Footnotes

# means there may be prerequisites for this course. Please view the course guide for more information.

A: Paper 5, FM411: This element is not for credit, but is a requirement for students on the Work Placement Pathway and must be taken in addition to courses to the value of two full units selected from Papers 3 & 4. Successful completion of FM411 is a requirement for students to be eligible for the award of the degree.

B: Paper 1, EC4B5 AND EC4B6: Students may, with the approval of the Programme Director, Associate Programme Director and relevant Course Leaders, take half-units in Macroeconomics and Micreconomics, instead of the full unit EC411, Microeconomics. Students would be required to complete the EC400 introductory course, Maths for Macroeconomics, and must meet the relevant pre-requisites for the Macroeconomics half unit.

C: Students may, with the approval of the Programme Director, Associate Programme Director and relevant Course Leaders, take half-units in Macroeconomics and Micreconomics, instead of the full unit EC411, Microeconomics. Students would be required to complete the EC400 introductory course, Maths for Macroeconomics, and must meet the relevant pre-requisites for the Macroeconomics half unit.

D: Paper 4, FM405: Students must have completed either Asset Markets (FM423) and Corporate Finance (FM422), or Financial Economics (FM436)

The Bologna Process facilitates comparability and compatibility between higher education systems across the European Higher Education Area. Some of the School's taught master's programmes are nine or ten months in duration. If you wish to proceed from these programmes to higher study in EHEA countries other than the UK, you should be aware that their recognition for such purposes is not guaranteed, due to the way in which ECTS credits are calculated.

Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.

MSc in Finance and Economics (Work Placement Pathway)

Paper

Course number, title (unit value)

Footnotes