MSc Financial Analysis and Fund Management

Duration Full time 1 year
Discipline
  • Finance
LocationExeter (Streatham)
Start date September

Overview

Our flagship finance Masters is ideal for anyone wishing to study advanced financial theory and to acquire expertise in investment analysis. You will be both supported and challenged with an academically rigorous curriculum to ensure you gain the skills demanded by global organisations.

This Programme is one of a limited number of programmes globally which has been awarded CFA® ‘University Affiliation Program’ Status. You therefore have the opportunity to study for both Level I and II of the CFA® examinations whilst you study, meaning you could work towards a second qualification in addition to your MSc.

To help you prepare for this challenging course, there is a three-week induction specifically for Financial Analysis and Fund Management students beginning in September. This includes an Introduction to several of the subject areas covered in the programme, and particularly accounting.

We will also provide you with a high level of support as you prepare for the CFA® Level I and II examinations in December and June. This support includes:

  • One week of CFA® training during the three-week induction programme
  • At least four CFA® focused weekend training sessions
  • CFA® text books
  • Enrolment in the Level I and II exams

All of above are included in the fees for the programme.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

The University of Exeter’s MSc Financial Analysis and Fund Management degree presented a programme that was different from many others I saw in the field of finance. You have the opportunity to earn a Masters degree and also prepare and partake in both Level I and II of the CFA® examinations. This means in the span of 12-months I will graduate with my MSc and be part way towards a second qualification and I feel this will greatly enhance my employability.

Nazeema Derbas - MSc Financial Analysis and Fund Management.

Enhance your degree with Study Abroad opportunities

QTEM Programme

After your first year of studies at Exeter, eligible students can progress onto the QTEM Programme. QTEM aims to prepare students with excellent quantitative and analytical skills to support their future careers as decision makers leading the global business environment. Students spend an additional semester studying at one of the prestigious academic partners in the QTEM Network, combined with a two month internship.
Students will be selected and nominated to QTEM by the University of Exeter Business School following a competitive internal application process. Places are limited so we recommend you register your interest before applying for your Masters.

Double Degree

Spend your first year at Exeter and a second year at another world class international institution, resulting in two Masters degrees and the opportunity to expand your knowledge even further. We offer three fantastic Double Degree options with:

  • Grenoble Ecole de Management in France
  • EBS University of Business and Law in Germany
  • Fudan University School of Economics in China

The opportunity to study with Fudan is specific to MSc EconomicsMSc Economics & Econometrics and MSc Financial Economics programmes. For more information on QTEM and Double Degrees and other postgraduate study abroad opportunities, visit the Business School’s Study Abroad webpages.

Programme structure

This programme is a 12-month full-time programme, studied over three terms, and is University-based throughout this time.

The taught components of the programme are delivered in the first two terms, with the third term, and most of the summer, spent researching and writing a dissertation.

During the first two terms, we also offer four weekend sessions delivered by CFA® trainers designed to provide specific help and training for students sitting the CFA® exams.

Start date: September

The programme in its entirety, including the three week induction course, runs from September to September.

The intensive induction course will commence at the very beginning of September.

Modules

During the programme you will study modules (including the dissertation) totalling 180 credits. Please note that modules are subject to change. To ensure a high level of coverage of the CFA® syllabus all of the modules on this programme are compulsory.

The modules we outline here provide examples of what you can expect to learn on this degree course based on recent academic teaching. The precise modules available to you in future years may vary depending on staff availability and research interests, new topics of study, timetabling and student demand.

Learning and teaching

Our postgraduate taught programmes utilise a range of teaching methods including lectures, seminars and tutorials.

Lectures

The aim of lectures is to give you information on ideas that are central to the module and to help you in developing your understanding of complex ideas. Many of the teaching materials for lectures are made available to you electronically to accompany the notes you take during the lecture. Lectures are given by a range of staff members, including leading professors, who integrate their latest research findings into the teaching that you receive. Guest lecturers, including members of industry, also contribute to some modules.

Seminars and tutorials

Seminars and tutorials involve an in-depth exploration of the issues covered in lectures as well as giving you the opportunity to discuss various concepts and theories and receive feedback on your written assignments.

Assessment

Modules are assessed through a mixture of group work, coursework, project work and examinations; the weighting of each of these components will vary according to the academic requirements of the module. Examinations are normally held at the end of the module, in January and May/June.

Careers

After obtaining your MSc Financial Analysis and Fund Management you will be able to look at these two main areas for roles and careers you may want to pursue: Investment Banking and Financial Services.

Investment Banking

Although investment bankers come from a relatively diverse range of academic disciplines, the best place to start is with a finance or economics degree. Banks will teach you what you need to know about the industry but finance related degrees tend to be the most likely to get you through the door.

When working in investment banking you could find your ambition is to work in the “front office”, e.g. in Mergers and Acquisitions, Capital markets or Sales and Trading; you could opt for “middle office” functions such as IT, Accounting, Finance and Risk management; or settle for the “back office”, which means ‘Operations’. 

As competition in these sectors can be tough, our MSc FAFM graduates tend to complete an internship at an investment bank to begin with, as this has proven to enhance chances of securing a full-time role. Goldman and Sachs, for instance, offers full-time roles to around 60-70% of its interns; at Morgan Stanley this figure rises to 65-75%.  

Roles and salaries vary according to the division that you will end up working in but the usual career path in Investment Banking will more likely take you through the following steps:

  • Analyst - entry level – 1-3 years then move up to:
  • Associate – for 3 years then move up to:
  • Vice President (VP)
  • Director/Executive Director
  • Managing Director

Please click on the links below to find out who the key players are and what the different divisions have to offer in terms of career opportunities and salaries to an MSc FAFM graduate (data correct in 2012-2014):

Financial Services

“The graduates we hire have often already sat one or more CFA papers and had relevant work experience” (Alex Griffiths, Senior Director, Corporates rating team, Fitch Ratings – Careers in Financial Markets 2014, efc)

If investment banks advise clients on trading or funding decisions, working in the Financial Services industry is more about making decisions on their behalf once they have entrusted you with their money.

Although some of the jobs in the Financial Services industry may not be immediately available to graduates, a couple of years’ experience in private banking will allow moving across to private equity, front-facing global custody roles or private client brokerage.

It might be also worth considering that jobs in this sector may be offered by smaller transnational organisations such as the IFC, which could offer greater opportunities.

It’s worth noting that while the large investment banks hire hundreds of graduates each year, the big players in the fund and wealth management world recruit tens annually. The competition has intensified in recent years and graduate recruits in these areas are expected to be more prepared for the job market than ever, as they will be entrusted with a high level of responsibility even at junior level. All firms will run their own in-house training schemes and larger firms will offer graduate training courses in wealth management for junior broker positions; however an understanding of financial markets before starting in the role is a distinct advantage.

This is where your MSc FAFM may make you stand out from the crowd and give you a competitive advantage and you will also find that large accountancy firms will demand a finance-related degree as a first step onto their ladder.

Careers in the Financial Services Industry are less structured and span across areas such as: Fund Management, Hedge and Private Equity Funds, Global Custody, Interdealer Broking, Wealth Management, Corporate Banking, Data Providers and Rating Agencies, Insurance, Accounting. 
Examples of career paths available in this sector are:  research (modeller or analyst), idea generation, portfolio management, distribution, sales, marketing, trading, compliance, technology, operations, performance measurement, fund administration, fund accounting, settlements, corporate actions, private client brokerage or banking, corporate banking, business development, relationship management, risk and credit assessment, rating, etc.

More information about roles, salaries and what it takes to make it in the Financial Services Industry can be found by clicking on the links below (data correct in 2012-2014):

Main Source: Careers in Financial Markets by eFinancialCareers
Other useful readings: CFA Institute Careers Guide

The Financial European Tour*

The University of Exeter Business School organises an 8 to 9 day formative trip to Europe, exclusively designed and open to all of the students on the MSc Financial Analysis and Fund Management programme. The purpose of this bespoke initiative is to allow the students to attend lectures delivered by European experts in their chosen field of study and to visit companies abroad that operate in the financial industry - all of this, whilst exploring the arts, La Scala opera house in Milan, or dining by a beautiful lake in Zurich, on some of the “sightseeing” days.

The European Financial Tour usually takes place in the last week of June and first week of July. The MSc FAFM students visit two beautiful European destination of Milan and Zurich.

Milan is hosted by The Bocconi School of Management. In 1988, SDA Bocconi was the first school to be accredited by EQUIS and it’s now one of the only 71 business schools worldwide to hold the ‘triple crown’. The students will attend workshops in Investment Management and a visit to a prestigious asset management organisation.

Zurich is hosted by the ZHAW School of Management and Law. It is one of Switzerland’s leading business schools who are devoted to the applicability of theoretical knowledge. The students will learn about the Swiss Private Banking structure and products and will delve into Hedge Funds Strategies and Investment policies.

The Financial European Tour programme structure may vary from year to year, depending on the hosting institution’s availability and countries of interest, but it’s definitely an opportunity not to be missed that comes exclusively with the MSc Financial Analysis and Fund Management.

Please note that charges may apply and that the running of this programme is not guaranteed every year.

Entry requirements

A 2:1 or above with honours in Accounting, Finance, Investment, Economics, Maths, Business or related discipline from a recognised university. Evidence of mathematical/quantitative* ability is essential. The majority of our candidates will be expecting a First or 2:1 degree, however, we do consider all applications where there is evidence of exceptional performance in modules relevant to the programme of study, significant relevant work experience or professional qualifications such as CFA, ACCA, ICAEW, ICAS and CIMA.

This programme is an intensive 12 month programme and gives students the opportunity to study for the CFA(r) Level I and Level II exams at the same time as the MSc Financial Analysis and Fund Management.

 

Prerequisites

In order to apply for the MSc Financial Analysis and Fund Management candidates must be able to demonstrate strengths in: Finance, Accounting, Economics and Mathematics.

*Mathematics modules may include, for example, Algebra, Calculus, Econometrics, Statistics, Probability or Optimisation.

 

Offer conditions

Applicants requiring visas will need to meet all outstanding conditions of their offer by the end of July at the latest. It is not possible to register on the programme unless all conditions have been met and appropriate visas obtained.
Applicants who do not require a visa have until the end of August to meet the conditions of their offer.
If you are not able to meet these deadlines for any reason please notify the admissions team as soon as possible by emailing business-school-msc@exeter.ac.uk

Pre-Masters programme for international students

The Graduate Diploma in Finance run by the INTO University of Exeter Centre is a pre-Masters programme designed to enhance your subject knowledge, study skills and English ability. Successful completion of the Diploma (subject to achieving the specific grades of entry) gives students from overseas the skills needed for acceptance onto this Masters programme.

Requirements for international students

If you are an international student, please visit our international equivalency pages to enable you to see if your existing academic qualifications meet our entry requirements.

English language requirements

IELTS (Academic)

At least 7.0 overall and no less than 6.0 in any other section.

TOEFL IBT*

At least 100 with minimum scores of 21 for writing, 21 for listening, 22 for reading and 23 for speaking.

Pearson Test of English (Academic)

65 with no less than 55 in all skills.

Other accepted tests

Information about other acceptable tests of linguistic ability can be found on our English language requirements page.

Pre-sessional English

Applicants with lower English language test scores may be able to take pre-sessional English at INTO University of Exeter prior to commencing their programme. See our English language requirements page for more information.

Fees and funding

Tuition fees per year 2019/20

  • UK/EU: £14,500 full-time*
  • International: £26,200 full-time*

*These fees include registration and enrolment fees for two exams of the CFA® professional qualification and core textbooks for the CFA® syllabus. Students who do not wish to undertake the CFA® professional qualification should contact the school for the latest fee information.

Fee information

Fees can normally be paid by two termly instalments and may be paid online. You will also be required to pay a tuition fee deposit to secure your offer of a place, unless you qualify for exemption. For further information about paying fees see our Student Fees pages.

UK government postgraduate loan scheme

Postgraduate loans of up to £10,609 are now available for Masters degrees. Find out more about eligibility and how to apply.

Global Excellence Scholarship

We are delighted to offer Global Excellence Scholarships for students of outstanding academic quality applying to postgraduate Taught programmes starting in autumn 2019.

Contact us

Postgraduate Admissions queries

For any queries please complete our enquiry form

Phone: +44 (0) 1392 723246

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