Financial Economics MSc

City University London
Course summary
2 years
12,500 GBP
Full time/part time
Next available date: September 2020 - London

Course description

Financial Economics MSc

Financial Economics MSc - a City University degree programme

The Financial Economics MSc course provides solid training in economic theory understanding with practical exposure to the field of finance through a variety of specialised options in choosing concentrations. The course is known for establishing links between economic theory, quantitative finance and financial regulation.

Suitability - Who should attend?

You should have some mathematical background (A-level, IB, AP or any other equivalent secondary school qualification) and either of the following:

  • a 2.1 (or equivalent) undergraduate degree in economics or related discipline (e.g. Finance);
  • a 2.1 (or equivalent) undergraduate degree in engineering, applied mathematics, mathematics, theoretical computer science, statistics, physics or any other quantitative natural science;

We also consider applications which do not meet these criteria but demonstrate a high degree of relevant professional experience. If you have not previously taken economics, we offer a free pre-sessional course in economic analysis.

Other Suitable Qualifications

  • English pre-sessional courses: If we think your language competence is "borderline", we may ask you to take a pre-sessional English language course before starting your Masters degree. If you are not referred but are interested in improving your English, you may also attend.

  • IELTS: an overall score of 6.5 (with a minimum of 6.0 for each sub-test)

INTO English language programmes

If you need to improve your English language skills before you enter this course, INTO City University London offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree. Please click the links below for more information:

  • English for Postgraduate Study
  • Pre-sessional English


If you are a citizen of, or undertook your Bachelors degree in, one of the following countries, you are exempt from the requirement to provide proof of English language proficiency:

  • Antigua and Barbuda
  • Australia
  • The Bahamas
  • Barbados
  • Belize
  • Canada
  • Dominica
  • Grenada
  • Guyana
  • Jamaica
  • New Zealand
  • St Kitts and Nevis
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad and Tobago
  • UK
  • The United States of America

The above is a list of UKBA designated majority English-speaking countries.

Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK you may need to apply for a visa or entry clearance to come to the UK to study. /p>

The way that you apply may vary depending on the length of your course; there are different rules for:

  • Students on courses of more than 6 months
  • Students on courses of less than 6 months
  • Students on a pre-sessional English Language course

Please note: If you require a Tier 4 student visa to study in the UK, you cannot undertake any City University London courses on a part-time basis.

Outcome / Qualification etc.

This Financial Economics course has been designed following extensive consultation with alumni currently employed in a variety of finance sector occupations. Our students come from all over the world and typically have a background in economics, finance or mathematical subjects.

Our recent graduates have found positions in:

  • Financial institutions,
  • Governmental agencies,
  • KPMG,
  • IBM,
  • Amro,
  • IBD,
  • American Express,
  • Central Bank of China,
  • Financial Service Authority,
  • Ecobank Group,
  • Algorithmics,
  • Montpelier Asset Management,
  • HSBC.

Training Course Content

The range of electives you can study on the Financial Economics MSc course, as well as the coverage of topics within each of the core areas, reflects the relationship between economic theory, quantitative finance and financial regulation. Both the course design and its delivery draw upon the department's expertise in the areas of economic theory, econometrics, financial theory, financial mathematics, corporate finance and regulatory economics.

One of the most exciting aspects of the course is the unique opportunity to combine exposure to regulatory and policy aspects of finance with a thorough training in theory and quantitative methods.

This masters course has been designed following extensive consultation with alumni currently employed in a variety of finance sector occupations. It addresses both the theoretical knowledge and the analytical skills required for careers in a broad range of financial and finance-related institutions, not just in the private sector but also in central banks, financial regulatory authorities and finance ministries.

The MSc also provides a solid academic foundation if you wish to pursue doctoral research in financial economics, and guidance is readily available if you are considering further study.

Core modules:
  • Economics of financial markets
  • Financial derivatives
  • Financial econometrics
  • Financial microeconomics
  • Asset pricing
  • Dissertation.
(Choose two)
  • Econometrics
  • Financial regulation
  • International money and finance
  • Numerical methods for financial economic analysis
  • Topics in mathematical financeTeaching

    The Financial Economics MSc course is delivered through a flexible combination of lectures, seminars and computer lab sessions.

    Lectures will be used to introduce you to the key theories, concepts and economic models. In seminars, you will have the opportunity to solve applied problems, analyse case studies and make presentations of research published in leading academic journals.

    The computer labs provide you with the practical experience of using computer software to perform calculations and conduct realistic simulations. In addition, econometric methods will be taught in lab sessions, so you have the opportunity to apply econometric software to empirical research and financial market estimations.

    When appropriate, "practitioner slots" - such as research seminars conducted by external financial experts, presentations by invited academics etc. - will be incorporated into module delivery. We also offer pre-session induction courses on economic analysis if you need to build up your background in the fundamental aspects of financial economics.


    Each taught module is assessed through a combination of assigned coursework - the nature of which will vary according to the module - and one final examination.

    Overall assessment is based on performance in taught modules and your dissertation.

    Read the full 2014 programme specification.


The cost of the programme is:

  • Full-time EU: £12,500
  • Part-time EU: £6,500 per year
  • Full-time Non EU: £14,500
  • Part-time Non EU: £7,000 per year


  • Scholarship opportunities will be available for UK/EU and international students looking to study postgraduate courses in the School of Arts & Social Sciences starting in September 2015. Further details will be published here shortly.


  • Bursaries may be available to self/funding UK/EU students who have excelled at undergraduate level. For more information please contact the course administrator, Madina Howard.
  • Every year the Marjorie Deane Financial Journalism Foundation offers one or two studentships, worth roughly £10,000 each, to students who have been accepted to do a Masters degree in Economics or Finance at a top UK university. The Foundation tends to favour applicants who have an interest in going into journalism, though this should not preclude others from applying. For further information, please see the Marjorie Deane website at www.marjoriedeane.com
  • Graduate Loyalty Discount: The School of Arts & Social Sciences offer a 10% discount on tuition fees for all City graduates.

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City University London

City University London

City, University of London is a special place. With skill and dedication, we have been using education, research and enterprise to transform the lives of our students, our community and the world for a hundred years. We are proud of...

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