Asset Pricing and Investment

This Masters in Asset Pricing & Investment is designed to help you understand how prices and values for claims to uncertain payments are derived, by using fundamental principles from economics and finance, and includes claims such as company shares and dividends, financial derivatives, real assets such as metals and commodities as well as insurance claims.

This programme is offered by Economics in the Adam Smith Business School and will give you a thorough knowledge of the mechanisms used to determine asset prices, knowledge which is fundamental for all types of investor.

You will learn about the latest and most sophisticated techniques in asset pricing and investment theory.

You will acquire the practical skills to implement and calibrate these models in a computer-based learning environment using empirical and econometric techniques.

Career prospects

Graduates from this program will typically find employment in financial institutions (asset management, investment banks, the quant sector and consulting); governmental bodies involved in financial decision-making; and organisations such as the International Monetary Fund, Central Banks etc.

Students on this Masters programme will take four core courses, two optional courses and complete a substantial independent piece of work normally in the form of a dissertation.

Knowledge and understanding of the subjects is mainly promoted through lectures, some of which may also be accompanied by class/group discussions. You will attend workshops to help define and develop your dissertation proposal and you will be assigned an individual dissertation supervisor who will provide guidance and comments as you complete your dissertation.

Core Courses

• Economic fundamentals and financial markets
• Empirical asset pricing
• Investment, finance and asset pricing
• Portfolio analysis and investment

Optional Courses

• Advanced portfolio analysis (Portfolio analysis and investment is a co-requisite for this course)
• Applied computational finance
• Basic econometrics
• Corporate finance and investment
• Financial derivatives (Mathematical finance is a co-requisite for this course)
• Financial market micro structre
• Mathematical finance.

You should have at least a 2:1 Honours degree or non-UK equivalent (eg, a GPA of 3.0 or above) in Economics, Finance, Engineering, Physics or a joint degree, with at least two credit-bearing courses in economics or finance and two credit-bearing courses in mathematics or statistics.International students with academic qualifications below those required should contact our partner institution, Glasgow International College, who offer a range of pre-Masters courses.Further information regarding academic entry requirements:student.recruitment@glasgow.ac.ukEnglish language requirementsFor applicants whose first language is not English, the University sets a minimum English Language proficiency level.International English Language Testing System (IELTS) Academic module (not General Training):overall score 6.5no sub-test less than 6.0or equivalent scores in another recognised qualification (see below)Common equivalent English language qualifications:ibTOEFL: 92; no sub-test less than 20Pre-sessional coursesThe University of Glasgow accepts evidence of the required language level from the Language Centre Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:Language Centre, University of GlasgowBALEAP guide to accredited courses English Language Requirements IELTS band: 6.5 TOEFL iBT® test: 92 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

As a commitment to supporting students and rewarding academic excellence, the University of Glasgow offers a wide range of financial support.

The University of Glasgow also offers funding opportunities to its current students wanting to carry out a project or a piece of research away from the University.

http://www.gla.ac.uk/scholarships/

Accreditation

The University of Glasgow Adam Smith Business School has accreditations by the following professional bodies:

• Accredited by Association to Advance Collegiate Schools of Business
• Accredited by the Association of MBAs (for the MBA programme)
• Accreditation by professional accountancy bodies
• Institute of Chartered Accountants of Scotland
• Institute of Chartered Accountants of England and Wales
• Association of Chartered Certified Accountants
• Chartered Institute of Management Accountants
• Chartered Institute of Public Finance and Accountancy

We are also members of the Association of Business Schools and of theEuropean Foundation for Management Development.