Economics and Finance MSc

Entry requirements
2:1 +
Full-time
1 year
Start date
September 2019
UK / EU fee
£13,400
International fee
£20,300
Location
Loughborough

Overview

Our MSc Economics and Finance programme will provide you with the capability to apply modern macroeconomic, microeconomic and econometric methods in order to assess and shape organisational, government and financial policy.

Our MSc Economics and Finance programme is designed to equip you with the key skills of a professional economist, for careers in banking, finance government (central banking, treasury, etc.), international organisations, business, management consultancy, economic consultancy, and for higher awards by research. You will study economic theory and policy, the actions of governments, firms, households and intermediaries in national and global money, bond and foreign exchange markets.

You will examine both the microeconomic impacts for firms and the macroeconomic implications for the global economy, and will develop advanced theoretical and quantitative skills – highly sought after by employers in financial services and government – as well as transferable skills that will be of value in a range of other business and policy sectors.

You will also be able to sharpen your practical skills by completing a research project that allows you to apply your knowledge of economics and finance.

What makes this programme different?

  • Scholarships available for the best candidates
  • Opportunity to complete a research project
  • Develop the key skills of a professional economist

Who should study this programme?

Our MSc Economics and Finance programme is ideal for graduates interested in careers in banking, finance government (central banking, treasury, etc.), international organisations, business, management consultancy, economic consultancy, and for higher awards by research.

Why you should choose us

What you'll study

Financial Economics (15 credits)

This module covers the fundamental concepts of financial economics, and teaches students how to model investor behaviour under conditions of uncertainty. Students learn how to apply and interpret asset pricing models and evaluate capital market efficiency.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Economics of Firms and Markets (15 credits)

This module provides an introduction to important topics in microeconomic theory that are relevant for applications such as banking, finance and business. Students are provided with a grounding in the analytical methods required to understand the topics taught in the optional modules.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Macroeconomic Policy and Financial Markets (15 credits)

This module teaches macroeconomic theory and models, with applications to the financial system and markets. Students learn about the role of economic policies in producing and sustaining economic and financial stability of an economy.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Economic Data Analysis (15 credits)

This module provides students with mathematical and econometric techniques required to analyse economic data and test some of the most influential economic theories.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Research Communication for Economists (two-semester module) (10 credits)

This module enhances students’ skills in communicating research ideas and economic arguments to academic and non-academic audiences. Students learn how to use online literature databases, formulate research proposals, review any literature by critical constructive synthesis and make oral presentations.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

Applied Financial Econometrics (15 credits)

This module equips students with quantitative techniques and skills necessary to conduct empirical work in the area of applied finance and economics.

Assessment

The module is assessed by 40% coursework and 60% exam, but the university reserves the right to alter this.

Risk Management and Derivatives (15 credits)

The module teaches basic theory of options and futures pricing in order to promote an understanding of how different financial instruments can be combined into portfolios for hedging, speculation and arbitrage purposes. The module emphasises how such instruments are used in asset management.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Corporate Finance (15 credits)

This module focuses on modern theories of corporate finance and students are taught how such theories can be applied to understand the financing and investment decisions of companies, particularly those quoted on global stock exchanges.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Financial Economics in Practice (20 credits)

The module enables students to develop skills in identifying and assessing complex and topical issues in financial economics, and apply quantitative research techniques to analyse current issues confronting the banking and financial sectors.

Assessment

The module is assessed by 100% coursework (50% presentation and 50% written coursework), but the university reserves the right to alter this.

Economic Research Project (30 credits)

The module allows students to apply and communicate their knowledge to a contemporary issue in economics and finance via the development of an individual project essay, in which students will consider a particular aspect of policy making and gain experience in conducting a piece of original applied research whose conclusions provide policy recommendations. In the process, you will improve your employment prospects by strengthening your ability to effectively communicate your knowledge, understanding and recommendations to policy makers and managers.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

How you'll be assessed

You will be assessed by a combination of group and individual coursework as well as exams.

How you'll study

  • Lectures
  • Seminars
  • Tutorials
  • Independent study
  • Group work
  • Workshops
  • Practical sessions

Your personal and professional development

Our School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Well-trained, numerate economists are in high demand in every sector of the economy. Graduates will be equipped with the skills of a professional economist for careers in banking, finance, government (central banking, treasury, etc.), international organisations, business, management consultancy, economic consultancy, and for higher awards by research.

Graduate destinations

Example graduate destinations include: HSBC – Analyst; SSR Group (Sweden) – Associate FX Broker; Siemens – Finance Officer. Other students have gone on to further research study.

Your personal development

You will develop advanced theoretical and quantitative skills – highly sought after by employers in financial services and government – as well as transferable skills that will be of value in a range of other business and policy sectors.

All our Business and Economics postgraduate students have the opportunity to attend an impressive range of extra-curricular masterclasses and public lectures – all on campus and free of charge.

Entry requirements

Our entry requirements are listed using standard UK undergraduate degree classifications i.e. first-class honours, upper second-class honours and lower second-class honours. To learn the equivalent for your country, please choose it from the dropdown below.

Entry requirements for United Kingdom

An honours degree (2:1 or above) or equivalent overseas qualification in economics, finance, business, management, management science, operations research or a related subject. Applications from other disciplines may also be considered.

Algeria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Algeria - 15/20 12.5/20

Argentina

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Argentina 8.5 7.5 6.0

Australia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Australia First class Upper second Lower second

Azerbaijan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Azerbaijan 4.5 4.0 3.5

Bahrain

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bahrain GPA 4.0 scale 3.5 3.0 2.8

Bangladesh

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bangladesh – BUET 1st (60%) 2nd (52%) 2nd (50%)
Other universities 1st (70%) 1st (60%) 2nd (53%)

Belarus

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Belarus 9 8 6.5

Belgium

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Belgium 80% (Magna Cum Laude) 70% (Laude) 60%

Brazil

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brazil 8.5 7.5 6.0

Brunei

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brunei First Upper second Lower second

Bulgaria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bulgaria 6 5 4

Cameroon

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cameroon - 14/20 or Bien (GPA 3.4) 12.5/20 or Assez Bien (GPA 3.1)

Canada

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Canada GPA 4.0 scale 3.5 3.0 2.8

Chile

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Chile 6.0 5.0 4.5

China

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Shanghai Rank Top 250 85% 80% 77%
Shanghai Rank Top 251 - 500 89% 83% 80%
Shanghai Rank 500+ 92% 86% 82%

Further information

Colombia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Colombia 4.5 3.5 3.0

Croatia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Croatia 4.5 3.8 3.0

Cuba

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cuba 5 4 3

Cyprus

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cyprus 8.5 7.0 6.5

Czech Republic

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Czech Republic 1.2 2.2 2.7

Denmark

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Denmark 12/12 10/10 7/4

Ecuador

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ecuador 8.5 (85%) 7.5 (75%) 6 (60%)

Egypt

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Egypt 3.7 3.2 2.7

Finland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Finland 3 (out of 3) or 3.3 (out of 5) 2 (out of 3) or 2.5 (out of 5) 1 (out of 3) or 1.3 (out of 5)

France

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
France 14 12 11

Germany

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Germany 1.5 2.5 3.0

Ghana

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ghana First Upper second Lower second

Greece

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Greece 8.5 7.0 6.5

Hong Kong

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Hong Kong GPA 4.0 scale 3.5 3.0 2.8

India

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Institutions listed on the Indian Ranking of Higher Educational Institutions Framework 65% (First) 60% (First) 55% (Upper second)
All other Indian institutions 70% (First with distinction) 65% (First) 60% (First)

Indonesia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Indonesia - 3.3 (3.7) 3 (3.3)

Iran

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iran 18 16 14

Iraq

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iraq 85% 80% 75%

Ireland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Republic of Ireland First Upper second Lower second

Israel

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Israel 95% 80% 75%

Italy

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Italy 109/110 104/110 100/110

Japan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Japan 85% 80% 70%

Jordan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Jordan GPA 4.0 scale 3.5 3.0 2.8

Kazakhstan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kazakhstan 4.5 4.0 3.5

Kenya

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kenya First / 70% / A Upper second / 65% / B Lower second / 55% / B-C

Kosovo

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kosovo 10 9 8

Kuwait

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kuwait GPA 4.0 scale 3.5 3.0 2.8

Lebanon

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lebanon American 90% 80% 70%
Lebanon French 18 15 12

Libya

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
BSc Engineering, Architecture, Medicine 85 80 75
Other Bachelor degree from a University - 85% 80%

Lithuania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lithuania 9 8 7

Macau

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Macau - 2:1 / B / 3.0 2:2 / C / 2.5

Macedonia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Macedonia 7.5 6.7 6

Malawi

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
MSc Degree 75% 70% 65%
BSc Degree - 80% 80%

Malaysia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Malaysia GPA 4.0 scale 3.5 3.0 2.8

Mexico

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Mexico 9 8 7

Morocco

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Morocco - 15 13

Namibia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Namibia 80% 70% 60%

Netherlands

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Netherlands 8 7 6

New Zealand

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
New Zealand First (A/A+) Upper second (B+/A-) Lower second (B-/B)

Nigeria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Nigeria 7 point Scale 6 5 4
Nigeria 5 point scale 4.5 3.8 3.5
Nigeria 4 point scale 3.5 3 2.5

Norway

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Norway A (1.5) B (2.5) C (3.2)

Oman

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Oman GPA 4.0 scale 3.5 3.0 2.8

Pakistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Pakistan Public Universities (Tech or Eng) 4 Year degree only First with distinction (75%) / 4.0 First (65%) / 3.2 Second (59%) / 2.6
Pakistan Private Universities (Tech or Eng) 4 Year degree only First with Distinction (85%) First (75%) First (65%)
Pakistan Masters (2 or 3 year Bachelor plus Masters) First Second (55%) Second

Palestine

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Palestine - B+ / 85% / 3.3 B / 80% / 3.0

Peru

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Peru 16 14 12

Philippines

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Philippines Summa Cum Laude 4.0 / 96% Magna cum Laude 3.5 / 92% Cum Laude 3.0 / 87%

Poland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Poland 5 (Very good) 4 (Good) 3.5

Portugal

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Portugal 18 16 14

Qatar

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Qatar GPA 4.0 scale 3.5 3.0 2.8

Romania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Romania 8.5 7.5 6.5

Russia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Russia 4.5 4.0 3.5

Rwanda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Rwanda - 2:1, 16/20, 70% 2:2, 14/20, 60%

Saudi Arabia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Saudi Arabia GPA 4.0 scale 3.5 3.0 2.8

Singapore

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Singapore First Upper second Lower second

Slovenia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Slovenia 9.5 8.5 7

South Africa

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
South Africa 1st / 75% - 100% 2.1 / 70% - 74% 2.2 / 60% - 69%

South Korea

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
South Korea 4.0 / A 3.0 / B 2.5 / C+

Spain

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Spain 9.0 7.5 6.5

Sri Lanka

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Sri Lanka 70% 60% 55%

Sudan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Sudan (North and South) 70% 66% 60%

Switzerland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Switzerland 6 5 4

Syria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Syria 85% 75% 65%

Taiwan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Taiwan Prestigious National Universities 80% 75% 73%
Taiwan Excellent Universities 83% 78% 75%
Taiwan Good Universities 88% 83% 80%

Tanzania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Tanzania 1st 2:1 2:2

Thailand

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Thailand GPA 4.0 scale 3.5 3.0 2.8

Tunisia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Tunisia 15 13 11

Turkey

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Turkey 3.5 2.8 2.2

Turkmenistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Turkmenistan - 4.5 4

Uganda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Uganda First Upper second Lower second

Ukraine

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ukraine 5 4.5 4

United Arab Emirates

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
United Arab Emirates GPA 4.0 scale 3.5 3.0 2.8

United States of America

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
United States of America GPA 4.0 scale 3.5 3.2 2.8

Uzbekistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Uzbekistan 90% / 85% 80% / 75% 75% / 65%

Venezuela

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Venezuela - 16/20 or 7.0/9 14/20 or 6.5/9

Vietnam

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Vietnam 8.0 7.0 6.0

English language requirements

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component. The School will accept lower IELTS scores if you undertake the University's pre-sessional English course. TOEFL with an overall score of 92, and no sub-test score below 22.

See full list of English language qualifications we accept, with full details on each.

Fees and funding

UK / EU fee

Full-time degree per annum
£13,400

International fee

Full-time degree per annum
£20,300

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Student loans Scholarships Career Development Loans External charities and loans Alumni bursary