trading

MSc Finance & Investment (Financial Trading)

MSc

Programme details

  • Next start date: Sep 2020
  • Study: Full-time
  • Duration: 12 months
  • Fee: £21,500

The Financial Trading pathway will provide you with the required knowledge and practical experience for a career in trading or fixed income. You will learn about the theory and practice of fixed income markets, instruments and derivatives, with a particular focus on innovative assets such as structured products and alternative assets.

Using trading platforms, you’ll gain industry exposure and practical simulative experience that will provide a true insight into the art and science of trading. It will teach you to think critically and effectively manage risk transfers while also considering the possible frictions involved such as liquidity risk. You will also have the opportunity to participate in a virtual trading exercise, in collaboration with a leading city-based trading company, that can last up to two months. Upon successful completion of this pathway, you will have the skills to trade and participate in capital markets dealing FX, equity, fixed income and derivatives products both at organised exchanges and OTC markets.

The programme offers the rigorous academic training and applied insights required to meet the challenges of today’s financial markets. The structure has been specially designed to appeal to both students of financial and non-financial backgrounds.

You will become proficient in investing, managing and maximising capital and wealth. You will also learn how to deal with risks and understand the regulatory framework of the financial services.  

You will examine market mechanisms, and learn how the international financial markets work, including how capital is raised and financial securities and commodities are priced. You will also develop solid quantitative and analytical skills.

In your pathway modules, you will apply this core financial knowledge to address key issues within your specialist field.

Classes are designed to simulate a real-life experience of the financial industry. You will benefit from hands-on training, including access to the University’s Thomson Reuters Eikon Terminals, Bloomberg L.P Terminals, Datastream including Worldscope databases and a dedicated trading room.

This programme has a global focus. As well as developing your understanding of finance and investment, you will learn how to apply them at a global level with the appreciation of ethical implications.

Teamwork is a core feature on this programme. Collaboration with fellow students from around the world will give you a global insight into how international markets operate.

Key features

  • A focus on the international environment of finance and investment
  • Opportunities to specialise and tailor your education to reflect your professional interests
  • Suitable for both finance and non-finance graduates 
  • Taught by specialist lecturers boasting high academic credentials and varied, industry experience 
  • Opportunities to work with live data using the Thomson Reuters Eikon platform, and access to the University’s trading room and Bloomberg Terminals

    Register for an Open Evening 

    This is a full-time programme, comprising three terms of study. 

    You will take the following core modules:
     

    Core modules

    Module Title Credits Overview
    Corporate Finance 20 credits Financial managers are asked to address the following questions: What long term investments should a firm undertake (capital budgeting decision). How should cash be raised for the required investments (financing decision). How could a firm manage its day-to-day cash and financial decisions (short term financial planning). How should a firm return cash to its shareholders (the dividend decision).
    The module aims to:
    • Enable you to have an insight into the techniques used in corporate finance and how they can be applied in real world situations.
    • Broaden your thinking skills relating to the concepts of corporate finance and how they are deployed to the making of investment decisions.
    • Develop your analytical skills on the notions of value, risk, capital budgeting, portfolio theory, dividend policy, capital structure, derivatives, merger and acquisition and other related topics to corporate finance.
    • Prepare you to interpret and make financial decisions within a firm based on an informed, critical and ethical approach.
    • Enable you define ethical considerations and implications of the financial decision.
    Financial Econometrics 10 credits The module will introduce students to the fundamental concepts of econometrics and its usefulness in analysing financial data. It is designed to give a deep understanding of why econometrics is necessary and to provide students with a working ability with basic econometric tools and illustrate their application in finance. Furthermore, proper implementation of statistical tools and accurate interpretation of the results are fundamental for having a professional career in the financial sector. For this goal, this module aims to offer the students to master (i) the fundamental idea and basic theories of estimation and statistical inference, (ii) a variety of estimation methods that are useful for analysing financial data, and (iii) the practical skills of implementing these methods using statistical software.
    Financial Statements Analysis and Valuation 10 credits This module is designed to provide MSc students with: (1) the opportunity to critically engage with reporting and accounting policies and their effect on the numbers in financial statements; and (2) financial statement analysis from an investment perspective. While Financial Accounting provides an understanding of the principles and methods for the preparation of financial statements. The module focuses on the use of financial statements, particularly for valuation.
    Aims:
    • Critically engage with financial accounting;
    • Provide the relevant technical skills on company valuation
    • Take an in-depth look at how reporting and the choice of accounting policies by firms affect the numbers in financial statements;
    • Examine how investors use financial statements to analyse companies;
    • Develop a high level of critical thinking in students when viewing company information, specifically accounting information;
    • Gain an understanding that accounting is information and like all forms of information, students should realize that certain assumptions are imbedded in the information. Thus, to be able to critically examine accounting statements, students must consider the assumptions that those accounting statements are based upon.
    International Finance and Economics 10 credits This module serves as a stand-alone course for those interested in understanding the issues of international finance and international economics. In the first part of the module you will be introduced to the main theories of international trade. We then focus on the politics of world trade and lastly we cover macroeconomic issues of international economics such as the balance of payments and models of exchange rate and interest rate determination.
    In the last part, you will be introduced to specific issues in international policy, particularly in relation to (i) the role of international financial markets; (ii) the global monetary system; and (iii) optimum currency zones with a special focus on the EU case.
    This module is directed at future multinational companies’ finance professionals who will be capable of responding to changes in the international financial environment and as such the main goals are M-level mastery of theoretical and applied knowledge in each field at higher levels.
    Investments and Portfolio Management 20 credits This module provides a comprehensive coverage of basic theories, applications and decision-making rules in financial investments. In particular, the module is focusing on the investment decision making process, and especially the theoretical basis and practical approaches to managing investment portfolios of financial assets. This knowledge is crucial as individuals and portfolio managers should have the ability to handle efficiently the tools needed to select assets, manage risk and construct optimal portfolios. On completion, you will have the skills and knowledge required for a career in investment management, financial analysis, financial planning and portfolio management.
    Quantitative Research Methods for Finance 10 credits The main objective of this module is to provide students with an understanding, appreciation and practice of the guiding ideas behind qualitative and quantitative research. The module will provide guidance in applying the basic elements of research methods, which will enable students to critically examine and reflect upon a variety of finance related research projects. Upon completion you will be able to demonstrate awareness of the most commonly used research methods, both quantitative and qualitative. You will also be able to conduct your own original research as part of your dissertation. Additionally you will have the skills to critically appraise a finance-based project and carry out research activities with a fair degree of autonomy. Finally, the module also considers some ethical aspects of research that students. The first part of this module will be theoretical and the second part will be mostly applied.

    Financial Trading pathway modules

    Module Title Credits Overview
    Fixed Income and Derivatives 20 credits This module is designed to offer MSc Finance & Investment students a deep understanding of the theory and practice of fixed income markets, instruments and derivatives. The first half of the module covers the important elements of the default free fixed income securities market and the second part covers the derivatives market. The module focuses on derivatives with special reference on fixed income assets, such as fixed income securities and related products. The fundamental principles of credit derivatives products such as the credit default swaps, total return swaps and asset swaps will be covered extensively along with interest rate swaps. Special focus will be given on innovative assets such as structured products and alternative assets such as catastrophe bonds. Finally, the module will examine the trading mechanisms that govern the cash and derivatives buy and sell positions.
    Global Financial Trading 20 credits If you choose to take this module you will focus on trading and the behaviour of global financial markets through the use of trading platforms which provides practical and hands-on experience in the art of trading.
    In addition, you will gain transferable career ready business skills including teamwork, communication, presentation and leadership skills.
    This module will provide you with the practical skills necessary to effectively lead in the fast-paced world of the global markets.
    Pathway Dissertation 60 credits This module is designed to offer MSc Finance & Investment students a deep understanding of the theory and practice of fixed income markets, instruments and derivatives. The first half of the module covers the important elements of the default free fixed income securities market and the second part covers the derivatives market. The module focuses on derivatives with special reference on fixed income assets, such as fixed income securities and related products. The fundamental principles of credit derivatives products such as the credit default swaps, total return swaps and asset swaps will be covered extensively along with interest rate swaps. Special focus will be given on innovative assets such as structured products and alternative assets such as catastrophe bonds. Finally, the module will examine the trading mechanisms that govern the cash and derivatives buy and sell positions.

    How to apply

    Applying to study at Regent's University London is quick and easy. We have put together some helpful information to guide you through the process. We accept direct applications and there is no application fee.

    Not received your results yet?

    That's fine, you can still apply even without your exam results. We can issue a conditional offer without your results. You just need be clear in your application which qualifications you are currently studying for.

    Application deadlines

    September 2020
     
    Early deadline: Wednesday 11 December 2019 click here to find out more about this deadline

    Step 1 Apply

    You can apply in the following ways:

    If you have not uploaded the relevant supporting documents during the online application process, you should ensure that we have the below supporting documents as soon as you have completed your application. These can be sent to the Regent’s Admissions Department via email to [email protected].

    • Copies of academic transcripts and certificates from all university studies (i.e. undergraduate degree)
    • One letter of academic recommendation
    • A copy of your CV/resumé showing your work experience, if applicable.
    • A 1,000 word personal statement outlining the reasons for applying to your chosen programme. This should demonstrate an understanding of a current issue relevant to the subject, how you feel you will benefit from the programme of study, what contributions you will make to the University and how this will help your future career aspirations.
    • A copy of your passport photograph (ID) page
    • If you are not a native English speaker, proof of your English proficiency

    For some of our programmes, the selection process may include an interview. Interviews can take the form of a one-to-one interview or group interview. These are generally conducted on campus but may be conducted by telephone or as a Skype call. Arrangements of these are made between the Admissions Department and the applicant.

    Step 2 Receive a response to your application

    You can expect to receive a decision on your application within 10 working days of receipt of your completed application and supporting documents.

    We will assess whether you meet our entry requirements and will notify you of the decision via email.

    Step 3 Accepting your offer

    If you wish to accept the offer, please pay the advance tuition fee deposit (non-refundable) to confirm your place. 

    Please see here for information on how to pay.

    Step 4 After you have accepted your place

    Closer to the start of the term the Admissions Team will send information regarding the registration process. This will include information on completing your online enrolment prior to your arrival as well as a checklist of documents you will need to bring with you to fully register onto the programme.

    Information for international students

    If you are an overseas student requiring visa sponsorship to study in the UK, our team will be in touch with information on applying for your student visa and the documents you will need. More information can be found on our visas and immigration page.

    Scholarships, funding and bursaries

    India Postgraduate Taught Masters scholarships

    Regent’s University London has a long-standing tradition of welcoming talented students from all over India. Our students from this region have always had a strong entrepreneurial spirit and have graduated from Regent’s fully equipped to join a large multinational, start their own company or join the family business. Regent’s is therefore pleased to offer five postgraduate scholarships specifically for students of Indian nationality, each worth £3,000.

    Full details

    The Filippo Corsini Polo Scholarship, in association with the International Federation of Polo

    The University awards two polo scholarships each year to students who show both the polo skills and the leadership acumen to help the Regent’s polo team's development. The scholarship is named in memory of Regent’s student Prince Filippo Corsini, an accomplished equestrian and showjumper.

    Full details

    Regent's Postgraduate Progression Scholarships

    Regent's Postgraduate Progression Scholarships reward the loyalty of undergraduate students who progress to enrol on a postgraduate degree with us. It's our way of saying thank you. Scholarships are worth up to 15% of tuition fees. 

    Full details

    Tuition fee

    Starting September 2020: £21,500

    Non-refundable advance deposit


    Home/EU students: £1,000
    Non-EU students: £4,000
    Non-EU students in receipt of US Federal Loans: £1,000

    What do fees include?

    Fees cover the cost of all tuition and access to the University’s IT infrastructure and library learning resources. 
     

    What other costs should I budget for?

    You will need to budget additional funds for accommodation and living expenses, travel, and any additional trips, visits, activities or courses (such as Summer programmes) that you choose to participate in outside of the tuition offered as part of the programme.

    The library hold a limited number of copies of core text books and where possible in e-format. You will be encouraged to purchase your own text books and will need to budget approximately £80-£100 for the year, depending on your programme of study.
     

    When are fees paid?

    Fees are payable in the following instalments:

    • An initial non-refundable advance deposit paid when you accept your offer of a place
    • The advance deposit is allocated against the first term’s fees
    • Tuition fees (including fees for subsequent terms) are due two weeks in advance of classes commencing

     Additional fee charges

    • The programme fee outlined is for the full Masters programme including the dissertation element
    • Should there be a requirement to retake modules during an additional term of study or during the dissertation term,  there will be an additional charge per module retaken at the rate applicable to that period of study
    • The module charge will be calculated on a credit basis for each module, in line with the overall credit weighting of the programme  
    • Fees for subsequent years of study are subject to fee inflation
    • The University aims to keep annual fee increases in line with the University’s cost inflation. The expectation is that this will be no greater than UK consumer price inflation (CPI) plus 3%. There are occasionally variations to this dictated by the costs of running specific programmes or facilities required for our programmes
    • As a registered charity, all fee increases are subject to approval of the Trustee Board thus ensuring that affordability for our students remains a primary concern in any decisions regarding fee increases

    Our programme is designed to give you a thorough insight into finance, with a practical approach that can be applied to a future career.

    Students are introduced to different perspectives, and encouraged to analyse and interpret information independently. You will also work with diverse and multicultural teams, learning from different perspectives and honing your collaborative skills.

    The programme is delivered through:

    • Case studies
    • External guest speakers
    • Group work
    • Lectures
    • Presentations
    • Seminars
    • Simulations        
    • Workshops

    Academic Calendar

    Contact hours and expected workload

    The taught modules carry a weighting of 10 or 20 credits. Credits relate to the amount of work carried out by an average student to complete a module successfully. Each credit represents approximately 10 hours of work. A module weighted at 10 and 20 credits would therefore involve 100 and 200 learning hours respectively.

    In Term 3, you will produce a dissertation, which is a 60 credit module. While you will be expected to manage your time, you should expect to spend around 600 learning hours. 

    There is an expectation that you will build and supplement your knowledge and skills with your own additional independent learning, as directed by your lecturers. This additional learning will include traditional skills like reading articles, core texts, and other key works.

    Teaching Staff

    Our teaching staff have a high level of academic experience, as well as familiarity with the industry. Our professionally qualified staff have worked in a range of fields in Investment Banking, Trading, Energy Trading, Fintech, and Wealth Management in a variety of roles. We also welcome guest lecturers to provide insight into the latest developments in the industry.

    Staff on the programme have published in a range of academic journals, authored books and industry publications.

    You will also be allocated a personal tutor, who will meet you on a one-to-one basis at various stages throughout the academic year and give you guidance and advice to support your ongoing personal and professional development throughout your studies at Regent’s University London.

    Assessment

    Most of the taught modules will have a final exam as a 50% component of the final total module mark combined with another type of assessment.

    The assessment will include group and individual projects and case studies that will enable you to be assessed on your ability to create, innovate, and understand current market and industry conditions using live and current data and information.

    Module assessments will also include group and individual coursework, presentations, and trading simulation reflective practice portfolio.

    Disability Support

    We welcome and support students with a wide range of disabilities and health concerns. This includes learning difficulties, visual and hearing impairments, mental health difficulties, autism spectrum conditions, mobility difficulties, and temporary or chronic health conditions.

    Our dedicated Disability Officer is here to support you. We ask that you speak with Student Registry and our Disability Officer as early as you can to enable us to support you. Find out more about our disability support and contact us.

    Academic Requirements


    A Regent’s education provides you with a high level of personal attention, and this begins from the moment you apply to study with us. We want to understand who you are and what your skills and interests may be – we are interested in your potential, as well as your prior achievements. We review each application comprehensively and on its individual merit, considering all of your skills, interests and attributes.

    Typically, we will make an offer to a student holding a minimum lower second class (2:2) UK Honours undergraduate degree in a(n) accounting, business, economics, financial, mathematical or analytical subject from a recognised institution. Other equivalent international qualifications from recognised institutions will be accepted.

    We also welcome applications from candidates who do not meet the essential entry criteria outlined above. In order to be accepted for exceptional entry, you must:

    • Hold a minimum of two years’ relevant work experience
    • Provide a 1000-word personal statement outlining your reasons for applying, and how your previous experience is of relevance to the programme you are applying for
    • Be prepared to attend an interview with the Postgraduate Admissions Panel

    English Language Requirements

    • IELTS: Overall score of 6.5, with 6.0 or above in all 4 component parts
    • PTE Academic: Overall score of 58, with 51 or above in each individual component
    • A-level/GCSE/IGCSE English: grade C / 4 or above (for IGCSE certificates, please provide the Supplementary Certifying Statement with the breakdown of component grades)
    • International Baccalaureate: Grade 5 in English at Higher or Standard Level

    This list is not exhaustive, we will review the English qualifications you have as part of your application and be in contact if we require anything further.

    For applicants who wish to improve their English language proficiency, please see our English language courses.

    On-campus diagnostic test

    For offer holders in London, we can provide a free on-campus English diagnostic test. This test must be arranged in advance. To book a test, please contact [email protected]. Please note, this is a diagnostic test for Regent’s University London only.

    The pathways give you the opportunity to tailor your programme to the career you desire. We offer a strong grounding in different aspects of finance, coupled with the option to focus in on a particular interest.

    Prospective careers after successful completion of this programme are:

    • Assets and wealth management
    • Energy trading
    • Financial risk management
    • Financial technology
    • Financial trading 
    • Investment banking 
    • Wealth management

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