Our Quantitative Finance and Risk Management MSc will develop your understanding of generalist finance issues. You'll also develop specialist practical skills in quantitative methodology and risk management.
Worldwide growth in the financial services sector has fuelled the demand for graduates with a sound understanding of generalist finance issues, combined with specialist skills in quantitative methodology and risk management. This course meets this demand. It builds on the Business School’s established strengths in economics and finance.
The course advances your understanding of the:
- role of finance in a modern economy
- operation and behaviour of financial markets and investors
It will enable you to develop a career in the financial services sector. It will also suit future quantitative analysts in economics and finance.
What you'll learn
This course will provide opportunities for you to develop relevant skills and a practical understanding of:
- the behaviour of international financial markets
- the ability to analyse the strategies of financial market investors
- the role of finance in a modern economy
Where possible you will have access to advanced statistical software including:
You will also have access to a number of financial databases including:
- Thompson Financial's DataStream
On completion of this course, you will be able to demonstrate practical skills and the ability to:
- deal with complex issues both systematically and analytically
- use this analysis to make sound judgements
- deploy advanced analytical techniques in the areas of finance and risk management
- critically assess the quality of the analytical data generated by these techniques
- synthesise and present relevant data, conclusions and recommendations to both specialist and non-specialist audiences
- apply the knowledge, skills and understanding gained on the programme to complex issues within finance and related industries
The course will suit those wanting to develop a career in the broad financial services sector. It is particularly relevant to a career as a quantitative analyst in the investment banking and risk management fields.
Graduates from this course have undertaken various roles including:
- Senior Associate Chartered Accountant
- Financial Trader
- Risk Analyst
- Financial Analyst
- Investor Relations Advisor
Chartered Banker Institute
We are a Chartered Banker Institute Centre of Excellence. We are one of only 8 centres globally to have this status. This course has a Chartered Banker pathway so you can achieve the Associated or full Member status of the Chartered Banker Institute. Membership forms a solid base for a successful career in banking and financial services.
The course is modular. Of particular note is the practical module on MATLAB. This provides you with a detailed understanding of how this programming tool can be used for effective empirical modelling.
You can also attend guest lectures which complement the study of theoretical frameworks. These lectures analyse the most recent trends in financial markets and banking industries. They also provide an overview of the available opportunities within the financial sector.
Throughout the academic year we hold many events on campus that you are welcome to join. Events are topical and provide great opportunities for you to network with:
- national and multinational organisations
Practitioner and research led teaching
Profiles of the academic staff who teach on the course:
Modules for 2017 entry
You take compulsory modules to a value of 160 credits:
- NBS8185 MATLAB for Finance
- NBS8187 Time-Series Econometrics
- NBS8201 Risk Modelling
- NBS8330 Research Methods in Economics and Finance
- NBS8331 Introductory Econometrics
- NBS8332 Financial Theory
- NBS8333 Financial Derivatives
- NBS8334 Applied Econometrics
- NBS8020 Dissertation
You take optional modules to a value of 20 credits from the following:
Fees & Funding
The fees displayed here are per course.
Full time: £7,200
Full time: £7,200
Full time: £19,200
A 2:1 honours degree, or an international equivalent. You also need to show a firm grasp of:
- basic calculus
- probability theory
- statistical inference
If this is not evident from your transcripts, please use your personal statement to give details of your mathematical knowledge.
To study this course you need to meet our Band 6 English Language requirements:
Direct Entry: IELTS 6.5 overall (with a minimum of 6.0 in all sub-skills)
If you have lower English Language scores, you may be accepted onto a pre-sessional English course.
Our typical English Language requirements are listed as IELTS scores but we also accept a wide range of English Language tests.
The equivalent academic qualifications that we accept are listed on our country pages.
Pre-sessional English Course RequirementsPre-sessional English Course Requirements
- 6 week Pre-sessional entry: IELTS 6.0 overall (with 6.0 in writing and a minimum of 5.5 in all other sub-skills)
- 10 week Pre-sessional entry: IELTS 6.0 overall (with 1 sub-skill at a minimum of 5.0 and 3 sub-skills at a minimum of 5.5, including writing)
You can study our Pre-sessional English course at the INTO Newcastle Centre.
How to Apply
The course starts in September. There is no application closing date for this course.
We suggest international students apply at least two months before the course starts. This is so that you have enough time to make the necessary arrangements.
There is a non-refundable application fee of £50. You need to pay this before we can process your application.
To pay your application fee and make an application please visit our WebStore.
If you live outside the UK/EU you must:
- pay a deposit of £1,500
- or submit an official letter of sponsorship
The deposit is payable after you receive an offer to study at Newcastle University. The deposit is non-refundable, but is deducted from your tuition fees when you register.
The study atmosphere and facilities offered at the university were really good. In particular, the Robinson Library facilities were a huge help when I was preparing for my final exams. I spent most of my time there. The library provides a 24 hour service and has a good study atmosphere with PCs and printers available, as well as food, drinks and night buses. Therefore, I did not waste any time and didn’t need to worry about going home late.
The combination of theory and practice was especially useful as this was different from the theory-oriented education in my country. Within the modules I received a lot of professional financial knowledge, as well as access to many key reference materials recommended by the lecturers which helped a lot in expanding my knowledge.
The year I spent on this course helped me to acquire remarkable tools such as mathematical skills and econometrics knowledge (on an applied level). I also became quite savvy with financial comprehension. The overall academic excellence, accent on financial risk management and industry-oriented environment was the ideal combination.
I chose to come to Newcastle because of its international reputation. I've gained solid quantitative skills and broad finance knowledge and intend to use my degree to help me secure a relevant analyst or managerial position. What I enjoyed most was the help and support I received from my professors plus the great studying environment.