Investment Management MSc

Benefiting from a systematic approach to the key decisions taken in investment management and delivered by experienced investment managers, this programme will provide you with the skills required to succeed in an investment management analysis role within the finance industry.

Why Surrey?

At Surrey Business School, we offer a diverse range of business and management programmes that are fuelled by a common approach: encouraging you to be entrepreneurial and innovative, providing opportunities for you to engage with real-world business problems throughout your programme.

Programme overview

There is a continuing global demand for qualified professionals in the fields of investment management, investment banking, pension funds, insurance and alternative investment partnerships (such as hedge funds, private equity and sovereign wealth funds).

This programme provides you with a high-quality education that is attuned to the current needs of investment and finance professionals, combining a rigorous theoretical approach to investment theory with the practical tools to solve real-life investment problems.

You will learn the analytical, decision-making, problem-solving, risk mitigation and technical financial skills needed to thrive in an increasingly complex global financial environment. By the time you graduate, you will understand each stage of the investment management process and be able to make informed decisions within that context.

While our compulsory modules give you a core understanding of investment management concepts, the optional modules allow you to tailor your learning based on your own interests or intended career path.

Programme structure

The programme comprises six compulsory modules, two optional modules and a dissertation.

While our compulsory modules give you a core understanding of investment management, the optional modules allow you to tailor your learning based on your own interests or intended career path. The dissertation then allows you to investigate one area of investment theory or practice in detail, under the supervision of a member of our Finance and Accounting group.

Compulsory modules:

  • Fixed Income Investment
  • Foundations of Finance
  • Equity Investment Analysis
  • Quantitative Methods
  • Derivative Securities
  • Portfolio Management

Optional modules:

  • Corporate Finance
  • International Corporate Governance
  • International Finance
  • International Financial Reporting
  • Risk Management

Example module content

Equity Investment Analysis

This module provides you with an understanding of the challenges that are faced and the decisions that must be made when analysing and valuing corporate equity. This includes the principles and practice of valuing companies’ shares and is approached from a variety of aspects, from industry and company analysis to stock index valuation and the link between valuation and investment style.

Fixed Income Investment

This module provides you with the theoretical and practical tools necessary for analysis and investment in Fixed Income Securities. It also considers key aspects of Fixed Income investment management.

Foundations of Finance

The Foundations of Finance module provides the theoretical underpinnings of all of our MSc Finance and Accounting programmes. It introduces the pivotal concepts which form the basis of theoretical finance under three broad headings; Portfolio Theory and Practice, Equilibrium in Capital Markets and Introductory Analysis of Asset Classes. Core concepts include the relationship between risk and return, the Capital Asset Pricing Model (CAPM) and the Efficient Market Hypothesis (EMH) but the module also extends this analysis into new theoretical areas such as Behavioral Finance.

Equity Investment Analysis

This module provides you with an understanding of the challenges that are faced and the decisions that must be made when analysing and valuing corporate equity. This includes the principles and practice of valuing companies’ shares and is approached from a variety of aspects, from industry and company analysis to stock index valuation and the link between valuation and investment style.

Quantitative Methods

Providing the statistical and econometric foundations for subsequent applied work, this module covers fundamental topics around the estimation and inference of econometric models. You will also gain the technical skills needed for the empirical work that comes in your dissertation.

Derivative Securities

This module gives you an understanding of the reasons for (and the use of) derivative securities; futures, forwards, swaps and options. Applications in hedging and speculation are used to reinforce a rigorous development of arbitrage theory that underpins the pricing of derivative securities.

Portfolio Management

Focusing on the various stages of the investment analysis and management process, you will build on earlier modules such as Fixed Income Investment, Foundations of Finance and Equity Investment Analysis to solve real world portfolio management problems.

Corporate Finance

Building on the Foundations of Finance module, you will explore topics like the interaction between a firm’s financing, investment and pay-out policies and the implications for corporate bankruptcy and takeovers.

International Corporate Governance

This module provides the theoretical framework to corporate governance in an international context, utilising academic and practitioner empirical research and topical case studies.

International Finance

In today's complex and dynamic business environment, managers are increasingly concerned with decision-making across borders. This module provides you with an understanding of finance in a global context, analysing the complexity of the international financial environment and how it affects the operations of both domestic and multinational companies.

International Financial Reporting

This module provides the necessary theoretical background to understand key accounting and financial reporting – and corporate financial reports – in an international context.

Risk Management

Providing you with an insight into the risks that businesses take in their financial transactions, this module allows you to assess analytically the strategies that can be employed to reduce those risks.

Dissertation

You will undertake a dissertation based on an initial research topic drawn from a list related to the programme’s modules. Support and guidance for your chosen topic will be provided by a dissertation supervisor.

The dissertation is the final element of the programme and it provides an opportunity for a sustained period of research. It allows you to concentrate on topics that are of particular interest to you and it draws upon a range of different aspects of the taught programme, particularly the Research Methods module.

The module allows you to:

  • Undertake an original piece of research adding to existing knowledge
  • Demonstrate an ability to select, define and focus upon an issue at an appropriate level
  • Develop and apply relevant and sound methodologies
  • Analyse the issue and develop recommendations and logical conclusions
  • Be aware of the limitations of research work

Teaching and learning

You will benefit from lectures and seminars delivered by industry practitioners from a range of roles, including dealers, investment analysts, investment managers and hedge fund managers.

Personal Development Planning

Personal Development Planning (PDP) has recently been introduced at postgraduate level and is available through a PDP area in SurreyLearn. We encourage you to take full advantage of the wide range of materials and courses available to help develop your personal skills portfolio, ranging from academic writing training through to CV preparation and presentation skills.

Professional recognition

Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).

Related programmes

Postgraduate (Taught)

Related departments/schools

Related research areas

Programme leader

Dr Andrew Mason

Find out more

General enquiries:

+44 (0)1483 681 681

Admissions enquiries:

+44-(0)1483-682-222

admissions@surrey.ac.uk

Programme facts

Type of programme:

MSc

Programme length:

  • Full-time: 12 months

Start date:

Sep 2016

Entry Requirements

Applicants should normally hold a Bachelors degree (UK 2.1 or above) or equivalent qualification from a recognised British or overseas university in a related subject (including accounting, banking, business, economics or finance).

If an applicant’s Bachelors degree is not in a subject related to the MSc, some relevant work experience would be an advantage. Higher level professional qualifications may also be accepted. Each applicant is assessed on their own merit.

View entry requirements by country

English language requirements

IELTS minimum overall: 6.5

IELTS minimum by component: 6.0

We offer intensive English language pre-sessional courses, designed to take you to the level of English ability and skill required for your studies here.

Fees

Study mode Start date UK/EU fees Overseas fees
Full-time Sep 2016 £11,000 £17,000

Please note these fees are for the academic year 2016/2017 only. Annual fees will rise by four per cent (rounded up to the nearest £100) for each year of study.

A complete list of all fees for our Masters Programmes

Funding

Discounts for Surrey graduates

Thinking of continuing your education at Surrey? As an alumnus of Surrey you may be eligible for a ten per cent discount on our taught Masters programme fees. Learn more.

For more details

Admissions Information

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Further information for applicants

Postgraduate Study Advice

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