The MSc Finance (part-time) is a 21-month programme taught over two years. All teaching takes place on the central LSE campus in Holborn from 18:30 - 22:00. In the first year, classes are on Tuesdays and Thursdays. In the second year, classes are taught Monday-Thursday. Exact days will vary according to optional course choices. There is a short break part way through each class where catering is provided in the form of sandwiches, salads, snacks, drinks, tea and coffee.
Teaching will be delivered in Autumn and Winter Terms. Some optional revision sessions will take place in the Spring Term to help prepare students for exams. Optional online Saturday sessions run throughout the first year to assist students who wish to revise or catch up on study. In the first year, students will have two mid-term assessments (30%) at the end of Autumn Term and two final assessments (60%) in the Spring Term. In the second year, the assessment structure varies depending on the electives chosen. You can find out more about upcoming term dates on the LSE term dates page.
Students complete courses amounting to the total value of four units, with two full-unit compulsory courses in the first year, and then four half-unit optional courses in the second year.
First year
Before the course teaching begins, students will attend a series of five pre-sessional classes in September. These classes cover the revision of and introduction to core quantitative mathematics, statistics and accounting, ensuring all students are able to tackle the material in the first term’s core courses.
The foundation of the programme is built in the first year when you will study two full-unit compulsory courses. These courses must be passed in order to progress to the second year.
Corporate Finance
Corporate Finance provides a comprehensive overview of firms' investment decisions and the cost of capital. This is in turn linked to a firm's financial structure and the market environment where a firm operates. It studies in detail major financial decisions including dividend choice, going public, mergers and acquisitions, and restructuring in financial distress.
Asset Markets
Asset Markets familiarises students with the workings of financial markets, and equips them with the fundamental tools of asset valuation. It takes students from fundamental concepts to up-to-date applications in fixed-income, equity and derivatives markets.
Second year
In the second year, students deepen their knowledge by taking four optional half-unit courses. Elective topics include financial systems, risk management, portfolio management methods, advanced derivatives and structured financial products, fixed income, advanced corporate finance, and applied financial valuation.
You can choose from a range of evening courses and a limited number of daytime courses. You are strongly encouraged to choose from the dedicated evening courses as these have been especially designed to cater to the needs of working students.
You may have coursework assignments or presentations, either individual or group work. This varies between courses. You will also be required to submit a 6,000 word structured project for at least one of your courses. Final exam style assessments take place in the summer.
Teaching will be delivered in Autumn and Winter Terms. Revision sessions take place in the Spring Term to help prepare students for exams. Some courses will have optional Saturday sessions.
Students are expected to attend five pre-sessional classes in September before class teaching resumes.
Optional courses
Evening courses
(* denotes a half unit)
Fixed Income Securities and Credit Markets*
Provides a thorough grounding in recent developments in fixed income securities pricing, hedging and portfolio management.
Topics in Portfolio Management*
Provides analytical and statistical tools for the management of investment portfolios.
Mergers, Buyouts and Corporate Restructurings*
Covers advanced topics in Corporate Finance and Valuation and introduces students to valuation techniques for both securities and projects.
Private Equity*
Venture Capital and Entrepreneurial Finance*
Sustainable Finance and Impact Investing*
Provides a conceptual foundation in sustainable finance and impact investing along with a clear understanding of the empirical facts associated with how sustainable finance and impact investing affect firm and fund performance in conjunction with the response of investors.
Daytime courses
Financial Engineering*
Covers the basics of derivatives theory, and applies them to a multitude of financial securities and structured products.
Risk Management in Financial Markets*
Gives an overview of risk management in the context of portfolios of mixed income securities and derivatives, as well as dealing with credit risk.
Quantitative Security Analysis*
Uses information in financial statements and macro-economic variables to come up with the inputs into Merton-type models of viewing corporate securities as contingent claims on a firm’s assets.
Entrepreneurial Finance*
Evaluates business plans, growth opportunities and Venture Capital (VC) financing, covering a broad set of instruments used by entrepreneurial firms.
International Finance*
Examines recent developments in international finance, incorporating theoretical, empirical, policy and institutional dimensions.
MSc comparison: view an overview of all of the Master’s programmes in the Department of Finance
To find the most up-to-date list of optional courses please visit the relevant School Calendar page.
Please 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 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.