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Investment and Financial Risk Management Masters (MSc)

Mode Duration Attendance Start date
Full time 1 year 1–4 days per week September 2016

Choose Kingston's Investment and Financial Risk Management MSc

Investment and financial risk is a highly competitive sector – and this course will give you the IT and research skills employers demand. This rigorous and intensive masters course is designed to produce high-calibre, analytical graduates with practical skills who are ready to slot in to a specialised role. As a graduate, you will be ready to work in investment, trading, financial analysis, fund management, banking, financial services, finance and financial consultancy.

  • An extremely practical programme using real examples, the latest research and theories, and live data.
  • Kingston Business School is one of only a handful of UK universities that offer a Bloomberg trading room, giving you the opportunity to develop the hands-on skills employers want.
  • Get additional qualifications while you study: you can apply for Bloomberg certification. You can also prepare for the Chartered Financial Analyst (CFA) credential, since you will cover so many aspects of it in your coursework.
  • Programme developed with advice from finance professionals at RBS Capital Markets, Commerzbank AG, Standard Chartered Bank and NatWest Bank.
  • Lectures by sector experts, as well as Kingston Business School's own teaching staff, who have been awarded an 'excellent' rating for the quality of their teaching.
  • Suitable for students who have not studied economics, finance or accountancy at bachelors level, as well as those with previous qualifications and experience.
  • Meet and work with students from a wide variety of countries and cultures, who add international insight to class discussions and working groups, giving you a global alumni network.

"Like for like, this is one of the top programmes in the UK ... it was created and is taught by academics who have worked at leading international business schools as well as top global financial institutions." – Dr Mohammed Nurullah, course director

What will you study?

When you arrive, we will introduce you to the Business School and its expectations and ethos, alongside a personal development programme, then you will start work on individual modules. Each module is designed to develop the skills valued by employers, such as presentation, team work, problem solving and communication skills.

We teach an extremely practical programme using real-life examples, live data and the latest research and theories. Students get the opportunity to create and manage investment portfolios and present the results, learn to use a Bloomberg trading room and industry standard databases, and undertake a research project.

You will examine the key issues in investment banking and trading. You will also learn to apply various different techniques in practice. We will show you how to analyse and explore a number of different topics using a balance of qualitative and quantitative methods.

Assessment

You will be assessed through assignments, case studies, formal examination and a dissertation. Our assessment methods mirror real-life practices - for example, students are asked to construct and manage investment portfolios and present the results.

Course structure

This programme is delivered on a full-time basis over one year. The taught modules for this course are delivered in two 15-week semesters, with the third semester given over to the research project.

This course requires you to accumulate 180 credits. There are seven taught modules worth either 15 or 30 credits each, plus a research project (including a dissertation) worth 30 credits.

Please note that this programme is subject to confirmation, and might change.

September to December

You will be taken through an induction and personal development programme, followed by five core modules.

  • Bank Financial Risk Management (15 credits)
  • Risk Financing (15 credits)
  • Financial Modelling and Research Methods (30 credits)
  • Corporate Finance and Financial Statement Analysis (30 credits)
  • Portfolio Theory and Investment Banking (30 credits)

January to May

You will continue to study the 30 credit modules and add two new 15 credit modules.

  • Financial Modelling and Research Methods (30 credits)
  • Corporate Finance and Financial Statement Analysis (30 credits)
  • Portfolio Theory and Investment Banking (30 credits)
  • Fixed Income Analysis (15 credits)
  • Financial Engineering (15 credits)

June to September

You will work on your research project (30 credits).

Available modules

  • This module will develop your critical awareness of financial risk, both within financial institutions and in a wider context. You will study financial institutions, then build on this foundation by analysing how the key risks that financial institutions are exposed to are measured. This will include a detailed analysis of credit, liquidity, interest rate and market risk. You will consider management issues, including the role of capital, liability and liquidity management, and product diversification. The module concludes by analysing how banks use the financial markets in risk management.

     
  • This module explores the selection, implementation, and monitoring of risk financing techniques – the ways in which an organisation can obtain funds to pay for any critical or accidental losses. This module develops your critical awareness of risk within institutions and in a wider social context. Topics include:

    • framework for risk financing;
    • criteria for risk financing technique selection;
    • insurance and reinsurance;
    • financing property,
    • net income and personnel losses;
    • accounting and income tax aspects of accidental losses;
    • insurance pricing;
    • selection of insurers and their representatives;
    • implementing risk retention-available options including use of affiliated insurers; and
    • risk cost allocation.
     
  • This is a core module which takes place in two parts during the first and second terms. Part one will give you an understanding of the numerical techniques used to help strategic decision-making in the business and finance world. It will give you the accounting, mathematical and statistical foundations you will need in accounting and finance over the course of your masters degree. Part two is about understanding research methodology, and the methods and skills that you will need to complete your research project over the summer.

     
  • This module will teach you about:

    • major contemporary theoretical and empirical developments in corporate finance; and
    • the analysis and valuation of companies from both an accounting and financial perspective.

     

    The corporate finance section will help develop your critical knowledge and understanding of the core theories and concepts in the field of corporate finance. It aims to develop your skills and ability to apply this knowledge and understanding in real corporate cases.

    The financial statement analysis section will develop your critical knowledge and understanding of accounting principles, and enable you to analyse financial statements and reports using financial ratios and other metrics. You will assess corporate profitability and financial stability, and critically evaluate corporate reporting choices.

    This module will be especially useful for students who are interested in careers in the corporate or financial services sectors, as well as those interested in working as financial advisers, consultants or analysts.

     

     
  • During this module, you will gain a thorough understanding of modern portfolio theory and its implications for asset pricing, asset management, and investment decisions associated with risk management. The main topics covered include:

    • portfolio diversification;
    • optimal portfolio construction;
    • expected utility theory;
    • capital asset pricing model;
    • arbitrage pricing theory with application;
    • the formulation and implementation of various active and passive investment strategies; and
    • the analysis and management of risks associated with particular strategies.

     

    This module also looks at the different types of investment banks and the strategies they employ. You will cover:

    • investment banks;
    • private equity investment - types and techniques;
    • debt and equity underwriting by investment banks;
    • trading techniques;
    • mergers and acquisitions;
    • securitisation;
    • hedge funds;
    • mutual funds and other funds; and
    • wealth management, and clearance and settlement.

     

    You will construct and manage investment portfolios for a specific period and present the results. You will use the dedicated Bloomberg Trading Room and software packages to develop your practical experience of industry standard systems and use real, live data.

     
  • This module focuses on the issues involved in managing a fixed income portfolio. It gives you a broad understanding of the nature of fixed income securities and how they can be used by banks and other financial institutions. You will start by examining fixed income securities markets, then move on to look at the valuation and pricing methods available and the mathematics behind them. You will also cover term structure analysis and the use of derivative instruments in bond portfolio management.

     
  • This module will help you develop a broad understanding of the nature of derivative securities and how they are used by banks and other financial institutions. Initially you will learn about derivative securities; you will then look at the valuation methods available and the mathematics behind derivatives valuation. You will look at numerical schemes such as the binomial lattice to value derivative securities, and focus on market calibration of alternative derivative models and how these models can be fitted to observed derivative prices. The module finishes by focussing on risk management in terms of market risk and credit risk.

     
  • This module will begin in Semester two, and is completed over the summer. It is an independent research project that you will work on with the supervision of an academic staff member with expertise in your chosen area. To complete this module, you will need to identify an issue to investigate, analyse the issue and structure your approach. You will need to:

    • examine relevant source material;
    • carry out your own research (including collecting an analysing original data, or analysing existing data in an original way); and
    • produce an action-oriented report based on your findings.
     

You will have the opportunity to study a foreign language, free of charge, during your time at the University as part of the Kingston Language Scheme. Options currently include: Arabic, French, German, Italian, Japanese, Mandarin, Portuguese, Russian and Spanish.

For further information:

Admissions team
Tel: +44 (0)20 8417 5203
Email us

Location

This course is taught at Kingston Business School

View Kingston Business School on our Google Maps

For further information:

Admissions team
Tel: +44 (0)20 8417 5203
Email us

Location

This course is taught at Kingston Business School

View Kingston Business School on our Google Maps
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