Financial Risk Management

This Masters programme will look at the economic and financial determinants of financial risk including market risk and some elements of liquidity and counterpart risk. You will learn how to take advantage of the opportunities inherent to financial risk. In addition to acquiring a sound understanding of financial risk, you will learn how to use financial instruments in practice to achieve different goals and how to optimise your opportunities.

• You will be encouraged to attend the Economics seminar series.
• The programme is offered by the Centre for Economic & Financial Studies which covers research and postgraduate teaching in economics and finance.
• Economics in the Adam Smith Business School at Glasgow is ranked in the top 10% worldwide in the fields of central banking, economics of strategic management, European economics, efficiency and productivity, financial development and growth, finance, financial markets, forecasting, international finance, international trade, macroeconomics, monetary economics, open macroeconomics, public economics, and transition economics.
• The University of Glasgow Adam Smith Business School celebrates the legacy of Adam Smith by developing enlightened, enterprising and engaged graduates and internationally-recognised research with real social impact.

Career prospects

Suitable career paths when you graduate will be with banks including investment and central banks such as the International Monetary Fund and World Bank. Other opportunities will be presented by asset management firms, governmental bodies involved in financial decision-making, and firms working in the area of financial transactions and provision of finance.

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.

Teaching is based on formal lectures which also allow opportunities for class discussion. Technical subjects are supported by weekly or fortnightly small tutorials, which provide opportunities for you to engage with some issues or questions in a group format. Some courses also involve lab sessions using specialised software, for instance in the study of econometrics.

Core courses

• Basic econometrics
• Economic fundamentals and financial markets
• Financial markets, securities and derivatives
• Financial risk analysis.

Optional courses

• Advanced portfolio analysis (Portfolio analysis and investment is a co-requisite for this course)
• Applied computational finance
• C++ in Finance (Mathematical finance is a co-requisite for this course)
• Corporate finance and investment
• Empirical asset pricing (Basic econometrics, or Portfolio analysis and investment, or Economic fundamentals and financial markets are co-requisites for this course)
• Financial derivatives (Mathematical finance is a co-requisite for this course)
• Financial market micro structure
• Financial services
• Hedge fund risk management
• International finance and money
• Mathematical finance (co-requisite for Financial derivatives)
• Modelling and forecasting financial markets
• Portfolio analysis and investment (co-requisite for Advanced portfolio analysis).

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 related discipline, with at least two credit-bearing courses in economics or finance.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.