Just how competitive is Msc finance? Watch
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Last edited by Lay-Z; 08-02-2017 at 11:51.
- 22-07-2016 05:09
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- 22-07-2016 10:57
Generally all these courses are competitive. If you meet the entry requirements you'll be fine but the extra work experience and GMAT will definitely help.
- 22-07-2016 10:59
The only competition is the excessive tuition fees.
Usually the harder course are cheaper, think MSc Finance and Econometrics at QMUL
Econometrics is not comparable to Finance, Finance could be studied by a 12 year old. Econometrics is hardcore Statistics, it's very difficult.
- 22-07-2016 11:03
OP, I do suggest you take Econometrics if you can, it will make you very employable both on the PhD side and industry side.
I'm talking modules like Financial Econometrics (ARCH, GARCH, Volatility Ratio Tests), Econometrics ( OLS, GLS, GMM, Binary Choice, Instrumental Variables), Time Series Analysis ( AR models, MA models, spurious regression, ARMA, testing for unit roots)
- 22-07-2016 11:13
I did the MSc Finance and Econometrics at QMUL and it was a damn hard course (the econometrics that is), the Finance was very simple. You wouldn't need high level of training in math to do the finance modules, unless you did asset pricing (then you are dealing with Ito's lemma and Brownian motion).
Finance is very interesting though and if you want to learn how to invest, it's the best start you can have. When you cover Derivatives markets, Portfolio Theory and being able to read Financial Statements, you can become a well informed investor. All you then need is market experience, being able to time the market for dips. So a little Technical analysis helps as well, but that is usually common sense, looking at trend lines and moving averages.
(Original post by Lay-Z)
- 22-07-2016 16:22
That's interesting, I didn't do too well in econometrics based modules at undergrad but since I have experience with them now I reckon I would fair a bit better.
Indeed some of the course fees are extortionate, given you only get 10k from sfe I would have to get a scholarship/find alternative methods
Yeah the MSc Finance courses have stupid fees, they charge it because people will pay it. The worst offender is by far London Business School, I think they have a £100K MBA programme. Now if your company isn't paying for it, I don't know who can afford it.
I think the QMUL MSc Finance and Econometrics course is just over 10K, so that's worth looking into if you can hack the econometrics (you need to be really solid in math for that). You could look at some MSc Finance and Management courses, they are usually cheaper.
MSc Finance is probably the most expensive masters you can do, other than the dreaded MBAs.
- 04-08-2016 09:38
I can't speak for other programs, but I can assure you that, at least at Imperial, the MSc Finance can be as challenging as you want it to be. And you can do as much econometrics, stochastic calculus, Matlab and PDEs as you want.