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Financial Economics

MSc

Application options include:

Full-time Part-time
On campus

Course Overview

Our MSc Financial Economics will give you the tools and techniques you need to investigate important economic issues. It provides a thorough grounding in mathematical and econometric techniques, as well as microeconomics, and examines why financial markets are prone to crises, studying the details of past and present crises, and subsequent policy responses. 

You will learn how to express original academic ideas and to test them with the use of econometrics. The study of econometrics covers linear and dynamic linear regression models, a wide variety of hypothesis tests, and techniques for estimating systems of equations. Techniques are illustrated with economic examples, such as models with rational expectations, as well as consumption, production and money demand functions. 

Birkbeck's postgraduate finance courses are built around our long-running experience in research-led evening teaching. Many of our students work in the finance industry, which generates a lively atmosphere in class and ensures that you'll be studying alongside committed, enthusiastic students with a wealth of experience. You will be taught by active researchers, working at the cutting edge in their respective fields, who are also experienced professional practitioners, giving specialist advice and in-house training to government departments and banks and firms in the City of London. 

Birkbeck has an excellent reputation for the quality of our research and training in economics and finance, while employers recognise the high-quality training that our graduates have undertaken. We take students who are determined to succeed and are prepared to undergo the rigours of a first-class training, whether they are studying full time or part time.

Discover the career opportunities available by taking Financial Economics (MSc).

Key information and modules

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Highlights

  • This course provides high-quality training in economics and finance and will prepare you for a wide variety of careers in business, government and academia. 
  • The course will enable you to effectively tackle the real-world problems encountered in financial sector institutions, banks and regulatory institutions. 
  • We have an excellent reputation for the quality of our teaching and we provide training for employers including the Treasury and Bank of England.
  • Birkbeck was ranked in the top 25 universities in the UK for its Economics and Econometrics research in the 2021 Research Excellence Framework.

Birkbeck makes all reasonable efforts to deliver educational services, modules and programmes of study as described on our website. In the event that there are material changes to our offering (for example, due to matters beyond our control), we will update applicant and student facing information as quickly as possible and offer alternatives to applicants, offer-holders and current students.

  • Entry Requirements Entry Requirements

    Entry Requirements

    At least a second-class honours degree (2:2), or its equivalent, in either a directly relevant or a highly quantitative subject, or the Birkbeck Graduate Diploma in Economics. We expect all of our MSc students to be competent with intermediate microeconomics and macroeconomics, multivariable calculus, linear algebra and statistics.

    Non-EU students are encouraged to submit GRE or GMAT results. In some cases, the admissions tutor may request these results in order to make a decision on your application. In that case, you should upload your score report to the online application system as if it were an additional transcript page.

    Demonstrable qualities such as good time management and the ability to cope under pressure are vital.

    Applications are reviewed on their individual merits and your professional qualifications and/or relevant work experience will be taken into consideration positively. We actively support and encourage applications from mature learners.

    On your application form, please list all your relevant qualifications and experience, including those you expect to achieve.

    Apply now to secure your place. The earlier you apply, the sooner your application can be considered and you can enrol. You do not need to have completed your current qualification to start your application.

    English language requirements

    If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.

    If you don't meet the minimum IELTS requirement, we offer pre-sessional English courses and foundation programmes to help you improve your English language skills and get your place at Birkbeck.

    Visit the International section of our website to find out more about our English language entry requirements and relevant requirements by country.

    Visa and funding requirements

    If you are not from the UK and you do not already have residency here, you may need to apply for a visa.

    The visa you apply for varies according to the length of your course:

    • Courses of more than six months' duration: Student visa
    • Courses of less than six months' duration: Standard Visitor visa

    International students who require a Student visa should apply for our full-time courses as these qualify for Student visa sponsorship. If you are living in the UK on a Student visa, you will not be eligible to enrol as a student on Birkbeck's part-time courses (with the exception of some modules).

    For full information, read our visa information for international students page.

    Please also visit the international section of our website to find out more about relevant visa and funding requirements by country.

    Please note students receiving US Federal Aid are only able to apply for in-person, on-campus programmes which will have no elements of online study.

    Credits and accredited prior learning (APL)

    If you have studied at university, you may have accumulated credits through the modules you studied. It may be possible to transfer these credits from your previous study to Birkbeck or another institution.

  • Fees Fees

    Fees

    Financial Economics MSc: 1 year full-time or 2 years part-time, on campus, starting in academic year 2024-25

    Academic year 2024–25, starting September 2024

    Part-time home students: £8,130 per year
    Full-time home students: £16,260 per year
    Part-time international students: £12,000 per year
    Full-time international students: £24,000 per year

    Students are charged a tuition fee in each year of their course. Tuition fees for students continuing on their course in following years may be subject to annual inflationary increases. For more information, please see the College Fees Policy.

    If you’ve studied at Birkbeck before and successfully completed an award with us, take advantage of our Lifelong Learning Guarantee to gain a discount on the tuition fee of this course.

    Discover the financial support available to you to help with your studies at Birkbeck.

    International scholarships

    We provide a range of scholarships for eligible international students, including our Global Future Scholarship. Discover if you are eligible for a scholarship.

  • Teaching and Assessment Teaching and Assessment

    Teaching

    At Birkbeck, most of our courses are taught in the evening and all of our teaching is designed to support students who are juggling evening study with work and other commitments. We actively encourage innovative and engaging ways of teaching, to ensure our students have the best learning experience.

    Teaching may include formal lectures, seminars, and practical classes and tutorials. Formal lectures are used in most degree programmes to give an overview of a particular field of study. They aim to provide the stimulus and the starting point for deeper exploration of the subject during your own personal reading. Seminars give you the chance to explore a specific aspect of your subject in depth and to discuss and exchange ideas with fellow students. They typically require preparatory study.

    In addition, you will have access to pastoral support via a named Personal Tutor.

    Methods of teaching on this course

    Through lectures and problem-solving classes. For the applied project and the independent dissertation, you will receive tutorial guidance from a faculty member.

    Teaching hours

    Our evening hours are normally between 6pm and 9pm (6-7.30pm and 7.30-9pm). Some programmes also offer teaching during the day and this will be clearly signposted to you where it is available.

    On our taught courses, you will have scheduled teaching and study sessions each year. Scheduled teaching sessions may include lectures, seminars, workshops or laboratory work. Depending on the modules you take, you may also have additional scheduled academic activities, such as tutorials, dissertation supervision, practical classes, visits and field trips. On our taught courses, the actual amount of time you spend in the classroom and in contact with your lecturers will depend on your course, the option modules you select and when you undertake your final-year project (if applicable).

    Alongside your contact hours, you will also undertake assessment activities and independent learning outside of class. The amount of time you need to allocate to study both for taught sessions (this might include online sessions and/or in-person sessions) and personal study will depend on how much you are studying during the year and whether you are studying full time or part time.

    Birkbeck’s courses are made up of modules and allocated ‘credit’. One credit is equivalent to ten hours of learning time. Modules are usually in 15, 30 or 60 credit units. A 15-credit module will mean around 150 hours of learning, including taught sessions and independent study or group work. This is spread out over the whole period of that module and includes the time you spend on any assessments, including in examinations, preparing and writing assessments or engaged in practical work as well as any study support sessions to help you in your learning.

    On our distance-learning and blended-learning courses, discussion, collaboration and interaction with your lecturers and fellow students is encouraged and enabled through various learning technologies.

    Timetables

    Timetables are usually available from September onwards and you can access your personalised timetable via your My Birkbeck Profile online (if you have been invited to enrol).

    Indicative class size

    Class sizes vary, depending on your course, the module you are undertaking, and the method of teaching. For example, lectures are presented to larger groups, whereas seminars usually consist of small, interactive groups led by a tutor.

    Independent learning

    On our taught courses, much of your time outside of class will be spent on self-directed, independent learning, including preparing for classes and following up afterwards. This will usually include, but is not limited to, reading books and journal articles, undertaking research, working on coursework and assignments, and preparing for presentations and assessments.

    Independent learning is absolutely vital to your success as a student. Everyone is different, and the study time required varies topic by topic, but, as a guide, expect to schedule up to five hours of self-study for each hour of teaching.

    Study skills and additional support

    Birkbeck offers study and learning support to undergraduate and postgraduate students to help them succeed. Our Learning Development Service can help you in the following areas:

    • academic skills (including planning your workload, research, writing, exam preparation and writing a dissertation)
    • written English (including structure, punctuation and grammar)
    • numerical skills (basic mathematics and statistics).

    Our Disability and Dyslexia Service can support you if you have additional learning needs resulting from a disability or from dyslexia.

    Our Counselling Service can support you if you are struggling with emotional or psychological difficulties during your studies.

    Our Mental Health Advisory Service can support you if you are experiencing short- or long-term mental health difficulties during your studies.

    Assessment

    Assessment is an integral part of your university studies and usually consists of a combination of coursework and examinations, although this will vary from course to course - on some of our courses, assessment is entirely by coursework. The methods of assessment on this course are specified below under 'Methods of assessment on this course'. You will need to allow time to complete coursework and prepare for exams.

    Where a course has unseen written examinations, these may be held termly, but, on the majority of our courses, exams are usually taken in the Summer term, during May to June. Exams may be held at other times of the year as well. In most cases, exams are held during the day on a weekday - if you have daytime commitments, you will need to make arrangements for daytime attendance - but some exams are held in the evening. Exam timetables are published online.

    Find out more about assessment at Birkbeck, including guidance on assessment, feedback and our assessment offences policy.

    Methods of assessment on this course

    A June examination and coursework, including an econometrics project and a dissertation.

  • Careers and employability Careers and employability

    Careers and employability

    Graduates can pursue career paths in banking and finance, the public sector, industry, and research and analysis. Possible professions include:

    • financial risk analyst
    • economist
    • researcher
    • purchasing manager
    • management consultant
    • actuary.

    We offer a comprehensive careers service - Careers and Enterprise - your career partner during your time at Birkbeck and beyond. At every stage of your career journey, we empower you to take ownership of your future, helping you to make the connection between your experience, education and future ambitions.

  • How to apply How to apply

    How to apply

    You apply directly to Birkbeck for this course, using the online application link.

    You will need to prove your identity when you apply - read more about suitable forms of identification.

    When to apply

    You are strongly advised to apply now, to ensure there are still places on your chosen course and to give you enough time to complete the admissions process, to arrange funding and to enrol.

    You don't need to complete your current programme of study before you apply - Birkbeck can offer you a place that is conditional on your results.

    You will also receive information about subject-specific induction sessions over the summer.

    Help and advice with your application

    Get all the information you need about the application, admission and enrolment process at Birkbeck.

    Our online personal statement tool will guide you through every step of writing the personal statement part of your application.

    Apply for your course

    Apply for your course using the apply now button in the key information section.

Course structure

Course structure listing

Course structure and modules for Financial Economics MSc: 1 year full-time or 2 years part-time, on campus, starting September 2024

You must complete modules worth a total of 180 credits, consisting of:

  • four compulsory modules, including either Econometrics or Econometrics of Financial Markets (30 credits each)
  • one or two option modules (30 credits)
  • an 8000-word dissertation (30 credits).

Compulsory modules reinforce economic and financial theory with practical application. They include preliminary courses in mathematical and statistical techniques, which take place in September and have to be passed in order to progress to the course.

Option modules allow you to specialise and are based on current themes. Availability varies across years.

Compulsory modules
Indicative option modules
MSc Financial Economics dissertation