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Finance (Banking and Risk Management) (MSc)

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Programme Description

The course has an excellent employment track record. Since inception 100%of students on the course gained graduate employment.  For a list of these jobs please see our Programme Brochure at this link here

The MSc Finance (Banking and Risk Management) course in UCC involves an advanced study of the practices of investment, banking and risk management and includes an applied research project, using cutting-edge techniques and software.

The MSc Finance (Banking and Risk Management) is at the top end of graduate study in business/finance in Ireland and is designed for high achievers who wish to pursue high-end careers in financial markets areas such as:

  • investment banking
  • corporate banking
  • trading/dealing
  • portfolio management
  • asset pricing
  • treasury
  • capital markets (equity, money, bond, FX and derivatives markets)
  • risk management
  • financial analysis
  • research

MODULES 

Candidates take taught modules with examinations over two semesters and then complete a minor dissertation. The taught modules are as follows:

  • Fund Management and Evaluation: studies portfolio management, return and risk evaluation in stock selection, market timing and persistence.
  • Fixed Income Securities: examines the term structure of interest rates and yield curve analysis, exotic bond valuation, duration, convexity, immunisation, asset-backed securities and bond portfolio management.
  • Asset Pricing: examines models of asset returns, stock price predictability and market efficiency.
  • Securities Valuation and Selection: examines risk tolerance, asset allocation, stock valuation models and financial analysis of a firm.
  • International Finance: focuses on how economic policy and the behaviour of agents impact international capital flows, exchange rates and global investments. 
  • Treasury Risk Management: looks at the measurement and management of risks facing banks and corporations arising from volatility in currency and money markets.
  • Financial Institutions and Money Markets: looks at the role of money markets and banks in the economy, focuses on understanding the types of risk facing banks and the management of this risk.
  • Derivative Securities: introduces the concepts and mathematical techniques in pricing derivatives including options, swaps, forwards and futures on underlying assets.
  • Macroeconomics for Financial Markets: looks at macroeconomics theories, models and techniques relevant to financial markets. Topics include business cycles, economic growth, uncertainty, monetary policy, inflation and the labour market.
  • Regulation and Compliance in Capital Markets: covers the guiding principles behind financial regulation and the main differences between the roles and key legal aspects of different regulatory institutions.
  • Applied Econometrics: includes regression analysis, OLS, hypothesis testing and specification.
  • Applied Time Series Analysis: includes ARIMA models, Box-Jenkins methodology, ARCH-GARCH models, VAR models, unit-root testing and cointegration.
  • Research Methods: includes
    • a report writing/economic consulting element,
    • visiting speaker seminar series,
    • research methods training and
    • workshops on recent developments in financial research.

Further details on the content and modules are available on the Postgraduate College Calendar

Why Choose This Course

As well as providing a rigorous grounding in theory and methods, the course will provide you with the practical skills and techniques widely used in financial markets. The course covers much of the CFA Levels 1-3 syllabus and includes regular presentations and workshops from outside practitioners. You will also manage your own simulated asset portfolio on-line throughout the year to put theory into practice.

Skills and Careers Information

The course brings you into direct contact with financial markets, their issues and practices through practitioner seminars and visiting speakers throughout the year, across all modules.

In this course:

  • you will be trained in financial research, consulting and professional report writing
  • you will be taught about the quantitative methods relevant to the financial sector and required for PhD level research
  • your interpersonal, organisational and leadership competencies will be developed
  • your oral and written communication skills will be improved through assignments, dialogue, exercises, presentations, etc.

The blended learning approach to education combines lectures, projects, seminars, group discussion, presentations and individual and group reports.  

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Learning Outcomes

For MSc Finance (Banking and Risk Management) (NFQ Level 9, Major Award)
On successful completion of this programme, students should be able to:

  • Communicate and work effectively to a high professional standard;
  • Demonstrate advanced analytical and problem solving skills associated with effective practice;
  • Engage in advanced application of frameworks and techniques in organistaional settings;
  • Design and undertake independent research and analysis to be written up in a succinct and readable manner;
  • Be globally aware and locally engaged.

For Postgraduate Diploma in Finance (Banking and Risk Management) (NFQ Level 9, Major Award)
On successful completion of this programme students should be able to:

  • Communicate and work effectively to a high professional standard;
  • Demonstrate advanced analytical and problem solving skills associated with effective practice;
  • Engage in advanced application of frameworks and techniques in organistaional settings;
  • Design and undertake independent research and analysis to be written up in a succinct and readable manner;
  • Be globally aware and locally engaged.
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Practicalities & Assessment

You attend lectures for approximately 12 hours per week. There are additional research workshop hours and you will also attend regular visiting speaker seminars and practical laboratory sessions. 

Assessment

Normally, your work will be assessed by coursework projects (30%) and final examinations (70%). 

Who teaches this course

The current lecturers on the course are listed below:

Full module information is detailed in the section below.

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Modules

Part 1

  • Macroeconomics for Financial Markets

    Part 1

    Macroeconomics for Financial Markets (EC6001)

    This module is designed to focus on the key macroeconomic issues facing institutions that participate in and regulate financial markets.

    More Information
  • Financial Institutions and Money Markets

    Part 1

    Financial Institutions and Money Markets (EC6002)

    The objective of this module is to study the role of money in the economy, the behaviour of interest rates and the challenges facing banks and other financial intermediaries.

    More Information
  • International Finance

    Part 1

    International Finance (EC6003)

    This module will extend and deepen students' understanding of key issues relating to international finance in open economy contexts.

    More Information
  • Research methods

    Part 1

    Research methods (EC6009)

    This module provides the necessary skills to enable students to design, conduct and present research in a chosen topic.

    More Information
  • Fund Management and Evaluation

    Part 1

    Fund Management and Evaluation (EC6046)

    This module presents the theory and practice of portfolio management and fund performance measurement.

    More Information
  • Applied Econometrics

    Part 1

    Applied Econometrics (EC6062)

    This module first provides an accessible background to current econometric methods. It then concentrates on the application of these methods in economic research by providing experience of analysing data sets.

    More Information
  • Applied Time Series Analysis

    Part 1

    Applied Time Series Analysis (EC6063)

    This module introduces time series methods in econometrics. It also deals with the application of these methods in economic research by providing experience of analysing data sets.

    More Information
  • Treasury Risk Management

    Part 1

    Treasury Risk Management (FI6001)

    This module studies treasury risk management strategies and focuses on the international aspects of financial management so students are able to appreciate the added international investment and money management issues that international operations face.

    More Information
  • Regulation and Compliance in Capital Markets

    Part 1

    Regulation and Compliance in Capital Markets (FI6002)

    This module introduces the key techniques and principles of best practice in effective regulation and compliance management.

    More Information
  • Equity Valuation

    Part 1

    Equity Valuation (FI6005)

    The objective of this module is to ensure students acquire practical knowledge, skills and abilities in the valuation of equities within international financial markets.

    More Information
  • Equity Valuation

    Part 1

    Equity Valuation (FI6005)

    The objective of this module is to ensure students acquire practical knowledge, skills and abilities in the valuation of equities within international financial markets.

    More Information
  • Asset Pricing and Allocation

    Part 1

    Asset Pricing and Allocation (FI6003)

    This module presents the theory and practice of asset pricing and asset allocation with particular emphasis on equities.

    More Information
  • Derivatives Securities

    Part 1

    Derivatives Securities (EC6005)

    This module offers advanced training in derivatives markets and the valuation of derivatives.

    More Information

Part 2

For full programme requirements, please refer to the University College Cork Academic Calendar here

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Entry Requirements

The course is open to applicants with a 2.1 degree or equivalent in a business subject

OR

Applicants with a 2.1 degree or equivalent postgraduate qualification in a related subject with a quantitative element such as mathematics, statistics, engineering, science, etc. 

If you are applying with Qualifications obtained outside Ireland and you wish to verify if you meet the minimum academic and English language requirements for this programme please view the grades comparison site. 

View the grades comparison table

Non-EU Candidates

Non-EU candidates are expected to have educational qualifications of a standard equivalent to Irish university primary degree level. In addition, where such candidates are non-native speakers of the English language they must satisfy the university of their competency in the English language. To verify if you meet the minimum academic requirements for this programme please visit our qualification comparison pages.

For more detailed entry requirement information please refer to the International website .

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Application Process

1. Choose Course

Firstly choose your course. Applicants can apply for up to three courses under one application. Details of taught courses are available on our online prospectus.

2. Apply Online

Once you have chosen your course you can apply online at the Postgraduate Applications Centre (PAC). Applicants will need to apply before the course closing date. There is a €50 application fee.

3. Gather Supporting Documents

Scanned copies of the following documents will need to be uploaded to PAC in support of your application. Applicants may need to produce the original documents if you are accepted onto a course and register at UCC.

  • Original qualification documents listed on your application including transcripts of results from institutions other than UCC
  • Any supplementary forms requested for your course.

Please log into PAC for more details.

4. Application processing timeline

Our online application system PAC opens for applications in early November of each year.

Questions on how to apply?

EU students contact graduatestudies@ucc.ie

International students contact internationaloffice@ucc.ie

Additional Requirements (All Applicants)

Please note you will be required to answer specific additional/supplementary questions as part of the online applications process for this programme. A copy of these additional/supplementary questions are available to view here: CKL19 Supplementary Questions.

The closing date for non-EU applications is 15th June

Non-EU Applications

Applicants who are interested in applying for the programme can also apply online at PAC.

For full details of the non-EU application procedure please visit our how to apply pages for international students.

**All Applicants please note: modules listed in the course outline above are indicative of the current set of modules for this course, but these are subject to change from year to year. Please check the college calendar for the full academic content of any given course for the current year. 

In UCC, we use the term programme and course interchangeably to describe what a person has registered to study in UCC and its constituent colleges, schools and departments. 

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MSc Finance - Invest in your future

International Student Scholarship Award Available

Irish Aid Fellowship Training Programme

This masters is an eligble programme for the Irish Aid Fellowship Training Programme.  The scholarship award covers course fees, required flights, accommodation (for out of country study), monthly allowances, insurance and other incidental expenses. 

For full details including eligibility and application information about the Irish Aid Fellowship Training Programme click here.

Applications are now open.  Closing deadline is 30th of November 2018