Investment and Financial Risk Management BSc (Hons)
| Program start date | Application deadline |
| 2024-09-01 | 2024-01-01 |
Program Overview
Who is it for?
Our finance courses are for students who want to progress with the knowledge and skills required for a successful career in the increasingly competitive world of global finance and banking.
The BSc Investment and Financial Risk Management is for students who want to work in a wide variety of finance and investment fields. Maybe portfolio management or investment analysis. Maybe corporate treasury or financial trading. You want to understand the role risk plays in investment decision-making and how to manage it.
Objectives
Our three degrees in finance (Finance, Banking and International Finance, and Investment and Financial Risk Management) provide detailed knowledge of how financial markets work, how companies make investment, financing and acquisition decisions and how modern banks operate.
If your goal is a career in the international investment and risk management world, consider this course your jumping off point. You’ll gain an in-depth knowledge of how modern investment analysts and risk managers operate. As you move through the degree you’ll prepare for your career in investment management, trading or analysis in any area of finance.
You’ll study every aspect of the discipline, from managing global investment portfolios to asset trading. All within a broad sweep of rigorous academic learning encompassing equity markets, bond trading, risk management, derivatives, hedging, investment banking and many other broad areas of risk and investments. As a result, you will gain a good understanding of financial markets, its activities and its products.
The jobs in this field are both exciting and well paid. They demand intellectual rigour and commercial acumen, and by selecting this course, you too can prepare yourself with the skills and competencies these jobs require.
Program Outline
Structure
What will I learn?
On the Investment and Financial Risk Management programme you will:
- Appreciate the usefulness of quantitative finance in today’s financial markets
- Formulate, examine and test hypotheses using all scientific risk management/investment tool
- Learn how to apply academic and vocational skills to investment and risk management problems.
- Comprehend the role and functions of modern financial intermediaries and investment markets.
- Understand the practice of applied investment and risk analysis.
- Fully grasp the risk management process and the associated tools.
- Appreciate the importance of hedging and the role of derivatives/spot trading.
Year 1
The first year is common across all three of our finance courses, with students from the various disciplines studying together. This provides our students with strong foundation to financial markets, banking, economics and quantitative methods. You will also gain an understanding of the tools used in applied investment analysis and enhance your mathematical, statistical and computing skills.
Core modules:
Banking and financial institutions
This module looks at key functions of banking firm. The emphasis is on what differentiates banks from other financial institutions, as well as the information problems inherent in the banking industry. Participants will understand why financial intermediaries exist and their role/impact on the global economy.
Business skills
This module covers communication skills, cognitive skills, IT skills, and social skills. The module aims to provide with an underpinning and understanding of a portfolio of key skills required in the business world to assist participants in their academic study and prepare them for their ensuing professional career.
Finance and investment
This module is an introductory course providing participants with a basic understanding of the financial analysis role in decision-making. More specifically, this module provides a basic level of the core principles of corporate finance, financial markets and investments.
Introductory financial accounting
This module focuses on the interpretation and use of financial accounting information as part of the effective operation of a business. Moreover it looks at the principles that underlie financial accounting, the application of these principles in recording transactions and the preparation of financial statements.
Macroeconomics
This module looks at the macro aspects of economics such as market growth/cycles, measurement of aggregate activity, basic demand side models of GDP determination, aggregate demand/supply, money in the economy, the transmission mechanism of monetary policy, fiscal policy and the public sector, balance of payments, FOREX and international trade.
Mathematics for finance
This module provides an introduction to the basic mathematical techniques used in finance to aid decision making, with illustrations to the relevant problems in finance. It gives you the mathematical foundations that are necessary in your second year Finance and Financial Econometrics courses.
Microeconomics
This module looks at the micro aspects of economics such as resource allocation, demand-supply and price, consumer demand, production and costs, oligopoly versus monopoly, as well as the roots of market failure/success.
Statistics for finance
This module provides an underpinning and understanding of the basic statistical techniques used in finance to aid decision making. It delivers the statistical foundations necessary for the more advanced finance modules.
Year 2
The first half of your second year continues to be consistent across all three finance courses. As the year progresses you will develop the theoretical knowledge that enables you to interpret financial data through the use of advanced statistical tools and formulate and solve complex problems in finance. You will gain a thorough understanding of the framework for the measurement of risk and return.
The course also introduces econometrics and its application to modelling and testing in finance. Hence, you will gain a good understanding of the relationship between financial theory and empirical testing, and application of this knowledge to the appraisal of the empirical evidence in corporate finance and capital markets.
Elective modules enable you to deepen your knowledge of subjects such as investment, finance and risk, insurance and real estate. The second half of your second year gives you the opportunity to begin to specialise with an array of elective modules.
* At least 30 credits (two modules) attained in years 2 and 3 together must come from electives that are specifically relevant to the BSc in Investment and Financial Risk Management. These modules are marked with an asterisk, and include the Final Year project.
Core modules:
Asset management
Corporate finance and valuation
This module presents core corporate finance material, including topics such as company valuation and investment appraisal and examining questions including how should a firm set its dividend policy, from which sources should a company raise capital and how should companies decide on their acquisition strategy.
Derivatives
Financial econometrics
Intermediate financial accounting 1
Portfolio Theory and Investment Valuation
Elective modules:
Bank risk management
International banking
Company valuation *
Corporate risk management
Economics for business 2
Intermediate financial accounting 2
Fundamentals of Management accounting
Risk analysis and modelling *
Machine Learning for Finance*
The Role of Environmental, Social and Governance in Banking and Finance
Programming in Python*
Year 3
In the final year, the core modules will enable you to gain in-depth knowledge of investment and financial risk management. You will also select five or six electives which will allow you to extend your knowledge of finance and the applications of mathematical models, enhance your understanding of the role of financial markets or focus on areas such as investment or accounting. As a result, you will be able to demonstrate a good knowledge of the major theoretical tools and theories of finance, and their relevance and application to theoretical and practical problems, their assumptions and weaknesses, and ability to propose alternatives.
In year 3 Students are required to take 3 core modules and 5 elective modules (totaling 120 credits) . Students with an average grade of less than 65 must do the Final Year Applied research project alongside two core and five elective modules. Students with an average grade of move than 65 may opt instead to take the Final Year Project alongside two core and four elective modules.
* At least 30 credits (two modules) attained in years 2 and 3 together must come from electives that are specifically relevant to the BSc in Investment and Financial Risk Management. These modules are marked with an asterisk, and include the Final Year project.
Core modules:
Fixed income portfolio management
The aim of this course is to develop an understanding of fixed income securities and their use in portfolio management. The focus is on valuation, return and volatility of fixed income securities and their portfolios, the role of fixed income securities in risk management and bond portfolio management strategies.
Asset liability management
Elective modules:
Final year project *
Banking regulation
Financial services regulation
Monetary economics
Fixed Income Portfolio Management
International finance *
Advanced financial accounting: theory and practice
Bank strategy and management
Corporate restructuring
Emerging Markets
Financial Engineering*
Real Estate Finance and Funding
Advanced Econometrics and Forecasting*
General Insurance*
Micro-Placements
Shipping Economics and Finance*
Integrated Professional Training*
Summer Internship
Advanced Machine Learning for Finance*
Alternative Investments and Private Equities
Fintech in Banking and Finance