Financial Risk and Investment Analysis MSc

Key information

Duration:
1 year full time
Start date:
September 2018
Apply by:
1 August (International), 1 September (UK/EU)

This unique and challenging course has a focus on financial markets and is taught by faculty who are globally renowned for their teaching excellence and extensive industry experience.

As a graduate, you’ll be well prepared to:

Why choose this course?

  • You benefit from a growing network of alumni who are successful in risk management, trading or product sales in major investment banks and hedge funds – networks are key for your career, in academia and the financial industry.
  • You can access our Industry Mentor Program, which offers advice and insights into financial markets from experienced industry professionals – helping you kick-start your career from the moment you start your degree.
  • Our class sizes are substantially smaller than for most finance degrees, allowing you to make your studies an interactive and personally rewarding learning experience. 
I knew I would be taught by the best people in the industry.”Ajay Pankhania
Financial Risk and Investment Analysis MSc

Entry requirements

Degree requirements

You should normally have an upper second-class (2.1) undergraduate honours degree or above.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please select your country from the list.

Argentina

Degree requirements

Licenciado/Titulo with a final mark of 7.5-8.5 depending on your university. 

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Australia

Degree requirements

Bachelors degree with second-class upper division.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Azerbaijan

Degree requirements

Magistr or Specialist Diploma with a minimum average mark of at least 4 or 81%

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Bahrain

Degree requirements

Bachelors degree with CGPA 3.0/4.0 (Grade B).

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Bangladesh

Degree requirements

Masters degree with CGPA of at least 3.0/4.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Brazil

Degree requirements

Bacharel, Licenciado or professional title with a final mark of at least 7.5 or 8 depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Brunei

Degree requirements

Bachelors (Honours) degree with GPA 4.0/5.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Canada

Degree requirements

Bachelors degree with CGPA 3.3/4.0 (grade B+).

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Chile

Degree requirements

Licenciado with a final mark of 5-5.5/7 depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

China

Degree requirements

Bachelors degree from a leading university with overall mark of 75%-85% depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Colombia

Degree requirements

Licenciado with ‘Acreditacion de alta calidad' and a GPA of 3.5.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Cyprus

Degree requirements

Bachelors degree or Ptychion with a final mark of at least 7.5.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Ecuador

Degree requirements

Licenciado with a final mark of at least 17/20.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Egypt

Degree requirements

Bachelors degree from a university with an overall grade of 75%

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

France

Degree requirements

Licence with mention bien or Maîtrise with final mark of at least 13.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Germany

Degree requirements

Bachelors degree or Magister Artium with a final mark of 2.4 or better.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Ghana

Degree requirements

Bachelors degree from a public university with second-class upper division.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Greece

Degree requirements

Ptychion from an AEI with a final mark of at least 7.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Hong Kong

Degree requirements

Bachelors (Honours) degree with second-class upper division.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

India

Degree requirements

Bachelors degree from a leading institution with overall mark of 55-70% depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Indonesia

Degree requirements

Bachelors degree with GPA 3.5/4.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Iran

Degree requirements

Bachelors degree (Licence or Karshenasi) with a final mark of at least 15.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Italy

Degree requirements

Diploma di Laurea with an overall mark of at least 105.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Japan

Degree requirements

Bachelors degree with a minimum C/GPA of at least 3.0/4.0 or equivalent.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Jordan

Degree requirements

Bachelors degree with CGPA of at least 3.0/4.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Kazakhstan

Degree requirements

Bachelors degree with an overall mark of 4 or better (on a scale of 1-5)/GPA 3,33.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Kenya

Degree requirements

Bachelors (Honours) degree with second-class upper division.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Kuwait

Degree requirements

Bachelors degree with CGPA of at least 3.0/4.0 or B+

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Lebanon

Degree requirements

Bachelors degree with CGPA 3.5/4.0 or 14/20.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Malawi

Degree requirements

Masters degree, depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Malaysia

Degree requirements

Bachelors degree with CGPA of at least 3.3/4.0 or B+

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Mexico

Degree requirements

Licenciado with a final mark of at least 8.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Nepal

Degree requirements

Masters degree with overall mark of 80%

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Nigeria

Degree requirements

Bachelors degree with second-class upper division or CGPA of at least 3.5/5.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Norway

Degree requirements

Bachelors degree with an overall grade of B.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Oman

Degree requirements

Bachelors degree with CGPA of at least 3.3/4.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Pakistan

Degree requirements

Four-year bachelors degree with overall grade of 65% or Masters with 60%

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Palestine

Degree requirements

Bachelors degree with GPA of at least 3.5/4.0 or B+

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Paraguay

Degree requirements

Bachelors with a final mark of at least 7.5/10.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Peru

Degree requirements

Licenciado with a final mark of 14/20 depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Philippines

Degree requirements

Masters degree with 'very good' overall, or equivalent depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Qatar

Degree requirements

Bachelors degree with an overall CPGA of at least 3 (on a scale of 4).

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Russia

Degree requirements

Magistr or Specialist Diploma with a minimum average mark of at least 4.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Saudi Arabia

Degree requirements

Bachelors degree with a CGPA 3.5/5.0 or 3/4.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Singapore

Degree requirements

Bachelors (Honours) degree with second-class upper division or CAP 4.0.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

South Africa

Degree requirements

Bachelors (honours) degree with second-class division 1.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

South Korea

Degree requirements

Bachelors degree from a leading university with CGPA of at least 3.5/4.0 or B+

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Spain

Degree requirements

Licenciado with a final mark of at least 2/4.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Sri Lanka

Degree requirements

Bachelors Special degree with upper second honours.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Switzerland

Degree requirements

Licence or Diplôme with 5/6 or 8/10.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Taiwan

Degree requirements

Bachelors degree with overall mark of 70%-85% depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Thailand

Degree requirements

Bachelors degree with CGPA of at least 3.0/4.0 or equivalent.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Turkey

Degree requirements

Lisans Diplomasi with CGPA of at least 3.0/4.0 or equivalent depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

United Arab Emirates

Degree requirements

Bachelors degree with CGPA of at least 3.0/4.0 or equivalent.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

USA

Degree requirements

Bachelors degree with CGPA 3.3-3.5/4.0 depending on your university.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Vietnam

Degree requirements

Bachelors degree (with a Graduate Thesis/research component) with CGPA of at least 3.3/4.0 or 7.5/10.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Zambia

Degree requirements

Masters degree with GPA of 2.0/2.5 or equivalent.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

Zimbabwe

Degree requirements

Bachelors (Honours) degree with second-class upper division.

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

Please note

Our entry requirements are guidelines and we assess all applications on a case-by-case basis.

My country is not listed

If your country is not listed, you need to contact us and find out the qualification level you should have for this course. Contact us at pg.enquiries@sussex.ac.uk

Subject-specific requirements

Your qualification should be in a quantitative subject such as finance, economics, mathematics, physics or engineering. You may also be considered for the course if you have other professional qualifications or experience of equivalent standing.

English language requirements

IELTS (Academic)

Standard level (6.5 overall, including at least 6.0 in each component).

Check your IELTS qualification meets all of our entry requirements and find out more about IELTS

Alternative English language qualifications

Proficiency tests

Cambridge Advanced Certificate in English (CAE)

For tests taken before January 2015: grade B or above.

For tests taken after January 2015: 176 overall, including at least 169 in each skill

We would normally expect the CAE test to have been taken within two years before the start of your course.

You cannot combine scores from more than one sitting of the test. Find out more about Cambridge English: Advanced

Cambridge Certificate of Proficiency in English (CPE)

For tests taken before January 2015: grade C or above.

For tests taken after January 2015: 176 overall, including at least 169 in each skill.

We would normally expect the CPE test to have been taken within two years before the start of your course.

You cannot combine scores from more than one sitting of the test. Find out more about Cambridge English: Proficiency

Pearson (PTE Academic)

62 overall, including at least 56 in all four skills.

PTE (Academic) scores are valid for two years from the test date. Your score must be valid when you begin your Sussex course. You cannot combine scores from more than one sitting of the test. Find out more about Pearson (PTE Academic)

TOEFL (iBT)

88 overall, including at least 20 in Listening, 19 in Reading, 21 in Speaking, 23 in Writing.

TOEFL (iBT) scores are valid for two years from the test date. Your score must be valid when you begin your Sussex course. You cannot combine scores from more than one sitting of the test. Find out more about TOEFL (iBT)

The TOEFL Institution Code for the University of Sussex is 9166.

English language qualifications

AS/A-level (GCE)

Grade C or above in English Language.

Hong Kong Advanced Level Examination (HKALE)/ AS or A Level: grade C or above in Use of English.

French Baccalaureat

A score of 12 or above in English.

GCE O-level

Grade C or above in English.

Brunei/Cambridge GCE O-level in English: grades 1-6.

Singapore/Cambridge GCE O-level in English: grades 1-6.

GCSE or IGCSE

Grade C or above in English as a First Language.

Grade B or above in English as a Second Language.

German Abitur

A score of 12 or above in English.

Ghana Senior Secondary School Certificate

If awarded before 1993: grades 1-6 in English language.

If awarded between 1993 and 2005: grades A-D in English language.

Hong Kong Diploma of Secondary Education (HKDSE)

 Level 4, including at least 3 in each component in English Language.

Indian School Certificate (Standard XII)

The Indian School Certificate is accepted at the grades below when awarded by the following examination boards:

Central Board of Secondary Education (CBSE) – English Core only: 70%

Council for Indian School Certificate Examinations (CISCE) - English: 70% 

International Baccalaureate Diploma (IB)

English A or English B at grade 5 or above.

Irish Leaving Certificate

Grade C (Honours) or above in English.

Malaysian Certificate of Education (SPM) 119/GCE O-level

If taken before the end of 2008: grades 1-5 in English Language.

If taken from 2009 onwards: grade C or above in English Language.

The qualification must be jointly awarded by the University of Cambridge Local Examinations Syndicate (UCLES).

West African Senior School Certificate

Grades 1-6 in English language when awarded by the West African Examinations Council (WAEC) or the National Examinations Council (NECO).

English language support

If you don’t meet the English language requirements for your degree, you may be able to take a pre-sessional course.

Visas and immigration

Find out how to apply for a student visa

Admissions information for applicants

How to apply

You apply to Sussex using our postgraduate application system

Personal statementYes

A personal statement is a piece of writing that you submit as part of your application. It should show us that you are the right person for Sussex by telling us why you want to study your course. 

Find out how to write a personal statement

If your qualifications aren’t listed or you have a question about entry requirements, email pg.enquiries@sussex.ac.uk

Application deadlines

1 August (International), 1 September (UK/EU)

Course details

How will I study?

You’ll study core modules and options in the autumn and spring terms. In the summer term, you undertake work on your projects.

You’ll be assessed by a combination of mid-term tests, coursework, and a formal examination after teaching has finished. The two summer-term projects are assessed by a combination of presentations and written reports.

Modules

Core modules

Core modules are taken by all students on the course. They give you a solid grounding in your chosen subject and prepare you to explore the topics that interest you most.

Options

Alongside your core modules, you can choose options to broaden your horizons and tailor your course to your interests.

Find out about studying business and management at Sussex, including finance, banking, logistics and entrepreneurship

Our experts

As financial risk analysis and investment analysis come to the fore, it is in these areas that students on this MSc will develop excellent employability skills.”Professor Carol Alexander
Professor of Finance
Prof Carol Alexander

Prof Carol Alexander

Professor of Finance

Research interests

Algebra, Applied Statistics, Decision Analysis, Evolutionary Game Theory, Exchange Trading, Finance, Financial Markets, Financial Mathematics, Financial Modelling, Game Theory, Hedge Funds, Mathematical Statistics, Mathematics, Real Options, Risk Analysis, Statistical Methodology, Statistical Modelling, Stochastic Analysis, Stochastic Processes, Volatility Analysis

View Carol Alexander's profile

Dr Michael Coulon

Dr Michael Coulon

Senior Lecturer in Finance

Research interests

Commodities, Energy, Environmental policy, Finance, Financial Mathematics, Financial Modelling

View Michael Coulon's profile

Dr Andreas Kaeck

Dr Andreas Kaeck

Reader In Finance

Research interests

Asset Pricing, Derivatives, Finance, Financial Econometrics, Risk management, Volatility Analysis

View Andreas Kaeck's profile

Dr Nikolaos Karouzakis

Dr Nikolaos Karouzakis

Lecturer in Finance

Research interests

Asset Pricing, Bayesian Inference, Derivatives, Finance, Financial Markets, Interest rates, Term Structure Models

View Nikolaos Karouzakis's profile

Dr Nina Lange

Dr Nina Lange

Lecturer in Finance

Research interests

Commodities, Derivatives, Energy finance, Finance, Financial Mathematics, Financial Modelling, Shipping

View Nina Lange's profile

Dr Johannes Rauch

Dr Johannes Rauch

Lecturer in Finance

Research interests

Asset Pricing, Derivatives, Financial Econometrics, Financial Markets, Financial Mathematics, Financial Modelling, Quantitative methods, Risk management, Term Structure Models, Volatility Analysis

View Johannes Rauch's profile

Course enquiries

+44 (0)1273 872668 
bmec@​sussex.ac.uk

Find out about the School of Business, Management and Economics

Fees and scholarships

How much does it cost?

Fees

UK/EU students:
£10,600 per year
Channel Islands and Isle of Man students:
£10,600 per year
International students:
£19,000 per year

Note that your fees may be subject to an increase on an annual basis.

Living costs

Find out typical living costs for studying at Sussex

How can I fund my course?

Postgraduate Masters loans

You can borrow up to £10,280 to help with fees and living costs if your course starts on or after 1 August 2017. Loans are available from the Student Loans Company if you’re from the UK or if you’re an EU national studying for a Masters.

Find out more about Postgraduate Masters Loans

Scholarships

Our aim is to ensure that every student who wants to study with us is able to despite financial barriers, so that we continue to attract talented and unique individuals.

How Masters scholarships make studying more affordable

Working while you study

Our Careers and Employability Centre can help you find part-time work while you study. Find out more about career development and part-time work

Careers

Increased employment in risk management is set to continue as recent regulation changes put increased focus on improving risk management standards.

There is a strong demand for investment analysis – not only from pension funds and large corporations – as private equity continues to grow in the current global economic environment.

Our alumni mentoring scheme allows you to easily establish contacts among a network of our graduates who have gone on to successful careers in firms such as RBS, OSTC, Credit Suisse, Arbour Partners and JDX Consulting. To give you a significant head start in your future career, you'll be paired with a mentor whose career path matches your own ambitions, who will share their industry expertise with you and give you career guidance. 

On successful completion of this MSc you are qualified to apply for graduate training positions as 

  • a quantitative risk analyst
  • a quantitative investment analyst
  • an asset manager in a bank, corporation, hedge fund or insurance company.

Graduate destinations

95% of students from the Department of Business and Management were in work or further study six months after graduating. Our graduates have gone on to jobs including:

  • investment banking associate, BNP Parabis
  • risk management analyst, China Galaxy Securities
  • management information analyst, Credit Suisse.

(EPI, Destinations of Leavers from Higher Education Survey 2015 for postgraduates)

The MSc prepared me to embrace an exciting career within a fast-paced, ever-changing industry.”Geronimo Faria
Wealth Management
Jefferies, London

Advanced Quantitative Finance

  • 15 credits
  • Autumn Teaching, Year 1 credits

Following on from Essential Quantitative Finance, this module will provide further instruction on particular financial problems associated with risk analysis and portfolio construction, and a more in-depth knowledge of financial instruments, such as futures and options, laying the foundation for TB2 modules on the Financial Risk and Investment Analysis degree.

All the main concepts will be illustrated by numerous examples and Excel spreadsheets.

Further development of IT skills builds on the knowledge gained in Essential Quantitative Finance, now introducing Matlab programming and the use of Reuters data.

The syllabus covers the following topics:

  1. Time Series and Statistical Volatility
  2. Modelling Linear Portfolios
  3. Newtonian and Stochastic Calculus
  4. Introduction to Financial Options

Equity Investments and Foreign Exchange

  • 15 credits
  • Autumn Teaching, Year 1 credits

In this module, your weekly lectures cover the following topics:

  1. Introduction to international equities:
    • how equities are traded
    • foreign exchange risk
    • trading forex
    • asset management
    • investment companies.

  2. Risk and return:
    • risk aversion
    • diversification
    • capital allocation to risky assets
    • optimal risky portfolios.

  3. The capital asset pricing model (first lecture)
    • single index models
    • capital market equilibrium
    • capital market line
    • securities market line
    • market portfolio
    • equity beta.

  4. The capital asset pricing model (second lecture)
    • as above.

  5. Arbitrage pricing theory and multifactor models of risk and return
    • multifactor models
    • Fama-French factors
    • applications.

  6. Financial statement analysis
    • balance sheets
    • profit and loss reports
    • financial ratios.

  7. Fundamental analysis of equities
    • macroeconomic and industry analysis
    • price–earnings ratios
    • equity valuation models.

  8. Spot market for FX 
    • global economic balances
    • purchasing power parity
    • monetary and fiscal policy
    • coordination of government controls.

  9. Forward FX
    • the London market
    • FX dealing
    • types of orders
    • forward derivatives instruments
    • no-arbitrage pricing
    • relationship between interest rates and foreign exchange.

  10. Hedging FX risk
    • FX risk in international equities
    • FX risks arising for corporates.

  11. FX trading strategies
    • fundamental and technical trading strategies
    • high-frequency and algorithmic trading.

Essential Quantitative Finance

  • 15 credits
  • Autumn Teaching, Year 1 credits

You study:

  • elementary concepts in probability and statistics and how these are applied to the random variables (such as asset returns) that are commonly encountered in financial problems
  • univariate sample statistics and how this leads on to probability distributions that are commonly used in finance, including the binomial, Poisson, normal and lognormal distributions
  • sampling distributions and how these are applied to simple inference relating to financial problems
  • sample and population covariance and correlation and how this leads on to the basic principles of simple linear regression and Ordinary Least Squares (OLS) estimation, the general linear model, hypothesis tests and model specification
  • omitted variables, and other causes of autocorrelation and heteroscedasticity in the context of applied financial problems.

Institutions in the Global Financial Market

  • 15 credits
  • Autumn Teaching, Year 1 credits

This module examines the role played by financial institutions in the global market structure and in particular the ways in which these institutions manage risk in their investments, with particular focus on management of operational risk. You will address investment banking and the role banks and other actors such as rating agencies play in capital markets. The module will give a detailed exploration of the nature of operational risk and the way risk management is practiced in financial services firms. It will compare and contrast the prevailing regulatory approaches of New York and London, and will provide in-depth discussions of the prevailing international frameworks for regulating and managing operational risk. There will also be a focus on the process of compliance with these regulations, which will be discussed using both lectures and case study material. The module will also include discussions of corporate scandals, the role of the financial media, and prospects for future regulations.

Interest-Rate Sensitive Instruments

  • 15 credits
  • Autumn Teaching, Year 1 credits

In this module, you explore the fundamentals of fixed-income and floating-rate investments - one of the largest segments of global financial markets.

You cover:

  • valuation of cash flows
  • bond price and yield
  • interest rate risk, duration and convexity
  • principle of no-arbitrage
  • spot and forward interest rates
  • bond futures
  • forward rate agreements
  • yield curves
  • London Interbank Offered Rate (LIBOR)
  • credit spreads
  • basic features and characteristics of interest-rate sensitive instruments and their associated interest rate risk and credit risk
  • present value of basis point
  • mapping portfolios to risk factors
  • securitization and asset (and mortgage) backed securities
  • credit rating
  • credit scoring.

Your lectures in this module may follow the following structure - although this is to be confirmed:

  1. Characteristics of fixed and floating rate debt securities
  2. Principals of valuation: spot and forward interest rates
  3. Interest rate swaps and LIBOR
  4. Yield curves: term structure characteristics and credit spreads
  5. Interest rate risk and other risks associated with debt securities
  6. Cash flow mappings
  7. Securitization, asset and mortgage-backed securities
  8. Interest-rate-sensitive derivatives and their characteristics: interest rate futures, Forward Rate Agreements (FRAs), vanilla interest rate swaps
  9. Hedging interest rate risk
  10. General principals of credit risk

Your lectures will also include one revision lecture at the end.

Market and Credit Risk Analysis

  • 15 credits
  • Spring Teaching, Year 1 credits

You assess market risk and credit risk and study the foundations of market risk analysis and the basic Value at Risk (VaR) models.

This includes:

  • the mapping of portfolios to risk factors
  • the construction of covariance matrices and their application to the market risk of portfolios. VaR and ETL is computed at the portfolio level using historical and Monte Carlo simulation and, where possible, analytic solutions and the results are compared and backtested.

Your study of credit risk covers:

  • credit scoring models
  • counterparty credit risk (especially credit exposure, default, and recovery processes) and credit spreads
  • portfolio models of credit risk
  • credit valuation adjustments (CVA).

Portfolio Management

  • 30 credits
  • Spring & Summer Teaching, Year 1 credits

Working in small teams (typically 4–6), you will be given a mandate to construct an investment portfolio. You will track its performance, write a report and make a presentation to a client (a panel with at least one faculty member and one associate tutor), as if you were already working in the fund management industry.

Formal lectures during Spring term focus on:

  • Methods for integrating information, both objective and subjective (Treynor-Black, Black-Litterman, Least-discrimination approaches), for portfolio allocation
  • Understanding utility-based investment criteria (certainty equivalent, Generalized Sharpe and information ratios) for portfolio optimisation
  • Examining specific portfolio strategies (e.g., pension funds, hedge funds, portfolio insurance)
  1. Securities markets and institutions; modelling of returns
  2. Mean-variance analysis
  3. Factor models; market equilibrium; Treynor-Black method
  4. Performance measurement; Utility functions and certainty equivalents
  5. Black-Litterman and least-discrimination methods
  6. Technical and fundamental analyses for equities and bonds
  7. Derivatives for investing and hedging; portfolio insurance
  8. Special investment products and strategies (structured products, pension funds, hedge funds) 
  9. Cost effective trading, risk assessment, performance attribution and reporting


Seminars will consist of:

  1. Introduction to the trading platform
  2. Interpretation of the management mandate
  3. Equity analysis and stock selection screens
  4. Implementation of Treynor-Black and Black-Litterman models
  5. Guidance for report preparation and presentation

Market and Credit Risk Project

  • 15 credits
  • Summer Teaching, Year 1 credits

This module is a project in market and/or credit risk building.

You will do an independent study of market and/or credit risk and write a 3,000 word report. You will also do a presentation of your findings.

Bank Risk Management

  • 15 credits
  • Spring Teaching, Year 1 credits

In this module, you study the different risk management techniques used to assess and control risk in the banking sector.

You look at:

  • Value-at-Risk (VaR)
  • risk control techniques including limit setting and risk budgeting
  • Debit and Credit Value Adjustments (DVA and CVA)
  • credit risk assessment
  • credit lines
  • bank stress tests, which are designed to detect weak spots in the banking system so that preventative action can be taken.

Business Ethics and Corporate Social Responsibility

  • 15 credits
  • Spring Teaching, Year 1 credits

This module is aimed at students on the range of 'conversion' type of MSc programmes across the department and is delivered in the International Accounting and Governance programme as a core. The focus is on contemporary perspectives and practices within the broadly defined areas of Corporate Social Responsibility and Governance.

The module starts from the premise that CSR is a contested, problematic and developing area of study. There is an acceptance that an understanding of ethical frameworks is required to inform debate on this subject and that research generated evidence and insights are necessary to substantiate assertion.

The focus is also practical, and you will individually undertake research into an organisation's orientation and practice towards its stakeholders. A critical and questioning approach to this will be encouraged and required to 'see beyond' the often platitudinous veneer that can characterise this relationship.

Throughout the module the emphasis will be on devloping your own coherent and informed view of matters such as corporate and governance, together with issues of professional ethics within a globalised context. In particular, we examine the extent to which corporate governance practices are moving towards convergence.

The coursework requires you to work individually to produce a case study analysis of contemporary stakeholder issues and to thereby further your understanding and exercise research skills and judgement. Supporting and underpinning this is a week by week seminar programme requiring you to ascertain and appreciate your own and others' 'ethical profiles', locate and interpret research-based insights and undertake case study analysis of organisational practices and professional ethical dilemmas.

An examination will test your grasp of relevant concepts, theory and ability to apply insights.

Commodity and Energy Markets

  • 15 credits
  • Spring Teaching, Year 1 credits

You study and analyse the commodity markets, looking at distinctive features, complex price risks, and widespread valuation and hedging challenges.

You look at how techniques and tools from the traditional financial markets are adapted and extended and examine fundamental commodity concepts such as:

  • contango
  • backwardation
  • physical delivery and storage
  • seasonality and other prominent features of the behaviour of commodity spot and forward prices.

You study:

  • the links with supply and demand and the relationship between the physical and financial markets
  • quantitative techniques for modelling commodity price dynamics
  • pricing and hedging derivative products
  • applications to real-world problems and decisions (such as physical asset valuation, investment, operation or hedging)
  • energy, agriculturals, and metals
  • electricity and carbon emissions, with links to energy and environmental policy.

Corporate Governance

  • 15 credits
  • Spring Teaching, Year 1 credits

This module aims to introduce you to the roles and functions of boards of directors as well as the organisational structure of different types of firms, such as those within extended family networks and those of an entrepreneurial nature. This will involve developing understanding of information management systems and accounting techniques that assist effective board-level decision making as well as in the assessment of board and CEO effectiveness. The relevance of different boards structures will be discussed through a comparison of split boards and supervisory boards and the module will cover contemporary issues such as shareholder activism, the role of family and corporate block-shareholder control. Equally, the importance of worldwide differences in legal and institutional settings and their impact on corporate structure and governance will be discussed. While you will gain appreciation into contemporary issues effecting management structure of major corporations you will also be expected to apply this in real-life topical settings.

Financial Crises and Bank Regulation

  • 15 credits
  • Spring Teaching, Year 1 credits

This module seeks to provide a comprehensive analysis of the financial sector regulation and supervision and central bank liquidity management. The ongoing financial crisis implies that the focus should be on the implications and lessons for the future of the financial markets. The module presents the inadequacies in macroeconomic, in particular fiscal, policies and the need to redesign the international financial architecture regarding the regulatory framework.

Financial Derivatives

  • 15 credits
  • Spring Teaching, Year 1 credits

This module provides up-to-date coverage of the main aspects of financial derivatives. Moreover, it gives an overview of the mechanics of futures markets, the hedging strategies using futures, the determination of forward and futures prices, the mechanics of options markets and the swaps, and the Greek letters. The module presents the corner stone of financial derivatives, namely the Black-Scholes-Merton Model and goes further to introduce Value at Risk.

Investment Risk Project

  • 15 credits
  • Spring Teaching, Year 1 credits

Learn how to carry out original research and present your work as a project report on a range of topics, including: 

  • risk management
  • investment analysis
  • investment management. 

You learn to use econometric software to implement and test financial models, and examine relevant theories and published findings.

You also learn how to carry out literature reviews, data collection and referencing.

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