Investment Management MSc

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Why Surrey?

The Masters in Investment Management at Surrey Business School is delivered by experienced investment managers.

You’ll benefit from a programme focussed on a systematic approach to the key decisions taken in investment management, equipping you with the skills needed to thrive in multinational corporations operating in an increasingly complex and fast changing global financial environment.

Programme overview

This programme is attuned to the current needs of investment and finance professionals: it combines a rigorous theoretical approach to investment management with the practical tools and opportunities to solve real-life investment problems.

You will learn the analytical, decision-making, problem-solving, risk mitigation and technical financial skills needed to succeed in the field. On graduation, you will have mastered each stage of the investment management process and be able to make informed decisions within that context.

Our compulsory modules deliver a fundamental understanding of investment management concepts, while optional modules allow you to tailor your learning based on your interests or career path. We also incorporate use of our Bloomberg Lab into the programme and you should obtain a Bloomberg Market Competency certificate during their studies.

As the focus of the programme is to prepare you for a career in investment the use of Bloomberg is incorporated into the programme. There is also an opportunity to undertake a preparation course for CFA Level 1 exams once Semester 2 teaching has finished.

Programme structure

This programme is studied full-time over one academic year. It consists of eight taught modules and a dissertation.

Example module listing

The following modules are indicative, reflecting the information available at the time of publication. Please note that not all modules described are compulsory and may be subject to teaching availability and/or student demand.

Educational aims of the programme

The need for an Investment Management programme arises from the continuing global demand for professionals working in the fields of investment management, investment banking, pension funds, insurance companies and alternative investment partnerships (such as hedge funds, private equity and sovereign wealth funds).

The aim of the programme is to provide students with the array of skills required to operate successfully in an investment management or investment analysis role within the finance industry or to pursue further academic study within the subject area.

The programme will provide a high quality education that is current, intellectually rigorous and attuned to the needs of investment and finance professionals. It provides the theoretical underpinning and the practical skills that such professionals need in order to cope with an increasingly complex global financial environment.

It also provides a valuable foundation for those considering continuing their academic studies in the field of applied finance, accounting and banking to PhD level. The programme provides students with a basis for developing their own approach to learning and personal development through a combination of compulsory and optional modules that are united by a focus on dialogue between theory and practice.

The compulsory modules provide a rigorous grounding in theory plus the quantitative techniques necessary to undertake empirical investigations and form balanced evaluations of practice. The optional modules offer students the opportunity to focus their study and to specialise in areas that are of particular interest to them and their future career needs.

Graduates of the programme will obtain the skills that enable them to function as an investment professional or to develop independent academic research. These include:

  • Strong analytical skills which will be developed in the equity investment analysis and fixed income investment modules where the emphasis is clearly on the ability to analyse potential investment asset
  • Highly developed decision making skills; with much of the focus of the whole programme on decision taking, but particularly in the Portfolio Management module which focuses on key decisions such as nderstanding how and why investment mandates are awarded, the role of asset allocation and key decisions such as the decision to be a passive investor or active investor
  • Problem solving abilities are developed in many areas including learning to select appropriate assets for a portfolio based on an appropriate valuation methodology, economic drivers and the agreed risk tolerance of clients or sponsors.
  • Students will gain an insight into the newly developed area of behavioural finance
  • Understanding how investment style creates portfolio biases and affects performance

Students will also gain a wide range of technical financial skills as part of their understanding the investment process (the method by which a universe of potential investments is filtered to result in a final portfolio of investment holdings which reflect investment objectives).

They will also able to evaluate investment performance against a peer group or an investment benchmark such as an appropriate stock market or bond market index.

Programme learning outcomes

The programme provides opportunities for students to develop and demonstrate knowledge and understanding, skills, qualities and other attributes in the following areas:

Knowledge and understanding

Students will be able to demonstrate:

  • Strong analytical skills
  • Able to analyse potential investment assets
  • Highly developed decision making skills
  • Understanding how and why investment mandates are awarded
  • The role of asset allocation
  • Understand the decision to be a passive investor or active investor

Problem solving abilities 

To select appropriate assets for a portfolio based on:

  • Appropriate valuation methodology
  • Economic drivers
  • The agreed risk tolerance of clients or sponsors

Intellectual/cognitive skills

Students will be able to:

  • Develop students own approach to learning and personal development through a combination of compulsory and elective modules that are united by a focus on dialogue between theory and practice
  • Critically evaluate the key research methods employed in the investment decision making process
  • Use acquired knowledge and appropriate skills to make professional investment decisions 

Professional practical skills

Students gain a wide range of technical financial skills:

  • Understand the investment process
  • Develop an investment process
  • Evaluate investment performance against a peer group or an investment benchmark such as an appropriate stock market or bond market index
  • Understand the role and use of derivative securities

Key/transferrable skills

Students will learn:

  • Transferable analytical and decision making skills
  • How to work independently on a research topic or problem solving task (MSc)
  • Data processing skills
  • How to form views on incomplete data

Knowledge and understanding

Students will be able to demonstrate:

  • Strong analytical skills which will be developed in the equity investment analysis and fixed income investment modules where the emphasis is clearly on the ability to analyse potential investment assets
  • Highly developed decision making skills; with much of the focus of the whole programme on decision taking, but particularly in the Portfolio Management module which focuses on key decisions such as: Understanding how and why investment mandates are awarded, the role of asset allocation and key decisions such as the decision to be a passive investor or active investor
  • Problem solving abilities are developed in many areas including learning to select appropriate assets for a portfolio based on an appropriate valuation methodology, economic drivers and the agreed risk tolerance of clients or sponsors

Intellectual / cognitive skills

Students will be able to:

  • Develop their own approach to learning and personal development through a combination of compulsory and optional modules that are united by a focus on dialogue between theory and practice
  • Critically evaluate the research methods employed in the investment decision making process
  • Use acquired knowledge and appropriate skills to make professional investment decisions

Professional practical skills

Students will also gain a wide range of technical financial skills as part of their understanding the investment process (the method by which a universe of potential investments is filtered to result in a final portfolio of investment holdings which reflect investment objectives). They will also able to evaluate investment performance against a peer group or an investment benchmark such as an appropriate stock market or bond market index.

Key / transferable skills

Students will learn:

  • Analytical and decision making skills which can be transferred to any area of business
  • How to work independently on a research topic or problem solving task

Teaching and learning

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

The use of the Bloomberg Finance Lab is incorporated into the programme and by the end of Semester 1 students should have obtained a Bloomberg Market Competency Certificate.

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.

Course-specific personal development is incorporated via Bloomberg competency certification and preparation for Level 1 Chartered Financial Analyst (CFA) exams.

Global opportunities

We often give our students the opportunity to acquire international experience during their degrees by taking advantage of our exchange agreements with overseas universities.

In addition to the hugely enjoyable and satisfying experience, time spent abroad adds a distinctive element to your CV.

Learn more about opportunities that might be available for this particular programme by using our student exchanges search tool.

Professional recognition

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

Fees

Study mode Start date UK/EU fees Overseas fees
Full-time Sep 2017 £11,500 £21,500

Please note these fees are for the academic year 2017/2018 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

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

Course facts

Qualification Study mode Course length Start date
MSc Full-time 12 months Sep 2017

Entry Requirements

Applicants should normally hold a Bachelors degree (UK 2.1 or above) or equivalent qualification from a 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 6.5 overall, 6.0 in each component (or equivalent)

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.

Funding

Loans, scholarships and financial support

There are many streams of funding for postgraduate students including awards, scholarships and loans. Learn more.

 

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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.

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The Surrey International Scholarship for Excellence

For all (with the exception of MBA) postgraduate taught courses starting in September 2017 within the Surrey Business School, the School of Hospitality and Tourism Management and the School of Law, we are offering all applicants who hold a  UK 2:1 honours degree (or equivalent) or above opportunity to be awarded between £2,000 and £4,000 through the Surrey International Scholarship for Excellence Scheme. Download a flyer or read more for eligibility and to apply.

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Admissions Information

Our Admissions Policy provides the basis for admissions practice across the University and gives a framework for how we encourage, consider applications and admit students.

Further information for applicants

Postgraduate Study Advice

Steps to Postgraduate Study is an official, independent guide for anyone considering a taught postgraduate course. The guide is produced by the Higher Education Funding Council for England (HEFCE), the Higher Education Funding Council for Wales, the Scottish Funding Council and the Department for Employment and Learning, Northern Ireland.

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Disclaimer

Modules listed are indicative, reflecting the information available at the time of publication. Please note that modules may be subject to teaching availability and/or student demand.

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