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course specifications

  1. 1. Programme Specification and Curriculum Map for MSc Investment and Finance 1. Programme title Investment and Finance 2. Awarding institution Middlesex University 3. Teaching institution Middlesex University 4. Programme accredited by N/A 5. Final qualification MSc 6. Academic year 2009-2010 7. Language of study English 8. Mode of study FT/PT 9. Criteria for admission to the Programme Applicants must have: • a good honours degree from a UK University in the field of finance or banking, economics, accountancy or business studies with an applied quantitative element, statistics, mathem- atics, engineering, physics, computing or science, or • the equivalent of the above from a recognised overseas University. Students whose first language is not English will need to demonstrate English language proficiency in addition to the other entry requirements. A minimum score of 6.5 IELTS or a TOEFL score of 575 for the written test or 230 for the computer test or a recognised equivalent qualification must be obtained. 10. Aims of the programme The programme aims to: • provide students with the knowledge and skills to equip them for a career in investment banking, private equity and corporate financial management; • develop students’ competence in applying quantitative skills to the practice of financial in- vestment and analysis; • develop students’ critical and analytical powers to evaluate and understand the theoretic- al underpinning on which finance relies; • enhance the development of the students’ skills. MSc Investment and Finance 2009/2010 1
  2. 2. 11. Programme outcomes A. Knowledge and understanding Teaching/learning methods On completion of this programme the Students gain knowledge and understanding successful student will have knowledge and through a series of lectures and seminars. understanding of : The lectures are structured to stimulate students’ intellectual interest in the subject, provide a structured treatment of the more 1. current developments and issues in the technical material and give a framework to practice of investment and finance; facilitate students’ individual study of 2. operation of global capital markets and syllabus. While, seminars are used to risk management techniques; discuss current issues and theoretical 3. complex issues related to asset alloca- concepts solving. Before seminar meetings, tions, valuation techniques and meas- students are expected to work through any ures of investment performance; questions or readings assigned and have to 4. advanced statistical and mathematical be prepared to discuss the questions with techniques used to analyse financial other members of the group. Students will data; also, from time to time, be asked to prepare 5. highly specialised analysis and evalu- a presentation or discuss a case study, in ation of financial situations taking into groups. account relevant contemporary ad- vanced research methods. Assessment methods Students’ knowledge and understanding is assessed by coursework, unseen examination, presentations and through the research and writing undertaken to complete their dissertation. B. Cognitive (thinking) skills Teaching/learning methods On completion of this programme the Students learn cognitive skills by: successful student will be able to: • working through a series of real life prob- lems and seeking solutions; 1. apply modern financial theory to practical • reading and interpreting research art- investment problems and situations; icles; 2. critically evaluate and solve complex problems; • listening and discussing a series of topics 3. develop sophisticated arguments and and theories; challenge assumptions; • by identifying suitable research articles to 4. effectively organise, structure and man- support their learning and their disserta- age a research project at an advanced tion; level, including undertaking critical ap- • by applying theory to a specific problem praisal of relevant literature; and producing a significant piece of work 5. assess and critique existing evidence based on their analysis. through the interpretation of information Assessment method and data. Students’ cognitive skills are assessed by coursework which requires them to download data, analyse, and interpret it and write reports. In addition, the planning, implementation and production of a dissertation will give students ample opportunity to think, plan and identify their weaknesses and work through these to solve specific problems. MSc Investment and Finance 2009/2010 2
  3. 3. C. Practical skills Teaching/learning methods On completion of the programme the Students learn practical skills through: successful student will be able to: • looking at research material and identify- 1. retrieve financial information from a ing suitable support research to develop range of different sources including elec- their own ideas; tronic databases and use this to support • completing coursework and practising for his/her learning; examinations. 2. analyse and interpret a range of financial data; Assessment method 3. demonstrate numeracy, computer and IT Student practical skills are assessed by skills for complex problem solving situ- coursework, exams and in the production of ations; their dissertation. 4. plan, design and implement a structured piece of work. 12. Programme structure 12. 1 Overall structure of the programme The MSc in Investment and Finance is designed to be taught over one-year full time. The programme consists of four taught 30-credit compulsory modules. The modules complement and reinforce each other and are designed to provide a platform to undertake the dissertation module. Students are expected to work on the dissertation over the summer period after successfully completing all four taught core modules. The dissertation has a value of 60 credits and should address a specific financial or investment issue. To further prepare students for the dissertation work, a number of dissertation workshops are delivered during the taught period. At the end of these workshops, students will be required to submit a dissertation proposal. This will be used to allocate dissertation supervisors. The deadline for submitting the completed dissertation will be the end of September, 12 months after the start of the programme. MSc Investment and Finance 2009/2010 3
  4. 4. 12.2 Levels and modules. Level 4 COMPULSORY1 OPTIONAL 2 PROGRESSION REQUIREMENTS Students must take all of the There are no optional following: modules. FIN4405* FIN4415* FIN4420* FIN4425* FIN4430 (60 credits) * (30 credits) 12.3 Non-compensatable modules. Module level Module code N/A 13. A curriculum map See attached 14. Information about assessment regulations University and School Assessment Regulation apply to this programme. There are no exemptions to the regulations. 15. Future careers The teaching team works closely with Career Advisory Service to provide dedicated specialists advice as well as generic advice. Our past students have either gained an internship or have been recruited by top financial institutions such as Abbey, HSBC and the Bank of America, to name just a few. 16. Particular support for learning • English Language Support, LR Facilities • Programme Handbook and Module Handbook • Programme Induction • Access to Student Counsellors • Online learning 1 Compulsory modules are those that must be taken, that is, the qualification cannot be made unless these modules have been successfully completed. Each of these modules makes a unique contribution to the learning objectives of the programme. 2 Optional modules are those from which a specified minimum number must be taken, that is, the qualification cannot be given unless this specified minimum number of optional modules have been successfully completed. Each of the possible combinations of optional modules will make a similarly unique contribution to the achievement of the learning objectives of the programme. MSc Investment and Finance 2009/2010 4
  5. 5. 17. JACS code (or other relevant coding N300 system) 18. Relevant QAA subject benchmark Benchmark statement for Business and group(s) Management 19. Reference points • QAA Guidelines for programme specifications • QAA Qualifications Framework • Middlesex University Regulations • Middlesex University Learning Framework – Programme Design Guidance, 2007 • Middlesex University Business School Teaching, Learning and Assessment Strategy • Business and Management subject Benchmark 20. Other information Methods for evaluating and improving the quality and standards of learning are: • External Examiner Reports • QMR • Board of Study • Module Evaluation and Report • Peer Teaching Observations • Validation and Review Panels Please note programme specifications provide a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve if s/he takes full advantage of the learning opportunities that are provided. More detailed information about the programme can be found in the student programme handbook and the University Regulations. MSc Investment and Finance 2009/2010 5
  6. 6. Curriculum map for MSc Investment and Finance This section shows the highest level at which programme outcomes are to be achieved by all graduates, and maps programme learning outcomes against the modules in which they are assessed. Module Programme outcomes Module Title Code A1 A2 A3 A4 A5 B1 B2 B3 B4 B5 C1 C2 C3 C4 Financial Theory and Application FIN4405        Portfolio Analysis and Investment Management FIN4415       International Risk Management FIN4420     Financial Modelling and Data Analysis FIN4425        Dissertation FIN4430             MSc Investment and Finance 2009/2010 6
  7. 7. Programme learning outcomes Knowledge and understanding Practical skills Current developments and issues in the practice of Retrieve financial information from a range of different sources A1 investment and finance. C1 including electronic databases and use this to support his/her learning. Operation of global capital markets and risk Analyse and interpret a range of financial data. A2 C2 management techniques. Complex issues related to asset allocations, valuation Demonstrate numeracy, computer and IT skills for complex A3 C3 techniques and measures of investment performance. problem solving situations. Advanced statistical and mathematical techniques used A4 C4 to analyse financial data. Plan, design and implement a structured piece of work. Highly specialised analysis and evaluation of financial A5 situations taking into account relevant contemporary advanced research methods. Cognitive skills Graduate Skills (N/A) Apply modern financial theory to practical investment B1 problems and situations. B2 Critically evaluate and solve complex problems. Develop sophisticated arguments and challenge B3 assumptions. Effectively organise, structure and manage a research B4 project at an advanced level, including undertaking critical appraisal of relevant literature. Assess and critique existing evidence through the B5 interpretation of information and data. MSc Investment and Finance 2009/2010 7