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MSc Investment Analysis

Work towards obtaining CFA Charterholder status on our MSc Investment Analysis course and advance your career as a successful finance professional.

Investment Analysis

 Logo for University Affiliated Program CFA Institute

Key facts

  • Award Masters / MSc, Postgraduate Diploma, Postgraduate Certificate
  • Start date September
  • Duration MSc full-time: 12 months
  • Mode of study Full-time, Campus based
  • Accreditations Chartered Financial Analyst (CFA)

The University of Stirling MSc Investment Analysis has a world-class reputation and is the UK’s longest-established postgraduate course in the field. It is also one of very few masters degrees in the UK to be recognised as an affiliated university under the Chartered Financial Analyst (CFA) Institute University Affiliation Program (UAP). This acknowledges that the course covers at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and places emphasis on the CFA Institute Code of Ethics and Standards of Practice. The course positions students well to obtain the Chartered Financial Analyst designation, which has become the most respected and recognised investment credential in the world.

Our Investment Analysis students have successfully competed in the prestigious CFA Institute Research Challenge, winning a place in the UK Final in nine out of the last eleven years. The competition is considered the “investment Olympics” for university students, and requires participants to assume the role of investment analysts and produce a report on a publicly traded company with a buy, hold or sell recommendation. The opportunity to be a part of our CFA Institute Research Challenge team gives you a unique opportunity to test your knowledge in a 'real-world' scenario.

On this Masters course you’ll:

  • study the use of qualitative and quantitative techniques to value investments
  • develop and evaluate portfolio management strategies
  • cultivate the ability to extract essential information from financial reports
  • understand risk management tools
  • assess macroeconomic and market trends
  • analyse financial data relating to investments
  • learn about the techniques used to value investments and to develop and evaluate investment portfolios
  • analyse investment regulations and ethics

The course syllabus has a distinctly international focus. This reflects the globalised nature of financial markets and the investment management profession. Students on this course come from a wide variety of educational and professional backgrounds and cultures, providing a unique opportunity for the development of worldwide contacts.

Amplify Trading Boot Camp

The course also includes an innovative week-long global financial trading and training boot camp run by our partner Amplify Trading. The boot camp won the CFA Institute’s Innovative Delivery of Education (IDEA) Award in 2015. You’ll trade futures contracts on the Chicago Mercantile Exchange (CME). By being able to trade in real time, but with virtual money, the boot camp bridges the gap between an academic understanding of financial markets and how they function in practice.

Find out more about the Amplify Trading Boot Camp and watch our video:

Hear from one of our students:
Student Managed Investment Fund

Our students have established a Student Managed Investment Fund (SMIF), with support of our academics within the Accounting and Finance Division. It allows you to gain practical experience of managing investments with real money. A student-led project, it will help you to enhance your employability before you graduate – giving you exceptional practical understanding of theoretical aspects of investment valuation.

  • Top reasons to study with us
  • Course objectives
    Preparing Business Leaders of the Future

    Postgraduate education at the University of Stirling Management School goes beyond text books and lecture rooms, we also focus on your personal and professional development.

    Our unique Flying Start Leadership programme equips you with the awareness, knowledge and techniques essential for building a successful career. These range from practical skills, like effective public speaking, to developing ways to work under pressure in difficult situations and manage conflict.

    Find out more about Flying Start.

    Developing Real-World Experience

    As part of our focus on enhancing your employability we offer an intensive trading boot camp. Delivered on campus in conjunction with industry training specialist Amplify Trading, the course helps you to bridge the gap between academic theories of financial markets and the real world.

    See more about our trading boot camp.

    Take part in the CFA Institute Research Challenge

    A team of five students, selected on a competitive basis from the MSc Investment Analysis, won the UK Final of the prestigious global CFA (Chartered Financial Analyst) Institute Research Challenge in 2016, and the 2017 team followed this with second place. Considered to be the ‘Investment Olympics’ for university students, the Investment Analysis course has had a team reach the UK Final in nine of the last ten years, a feat not achieved by any other Program Partner University.

    Coming to study in the UK?

    Prepare for Success is an interactive web learning tool for international students who are coming to the UK to study. Take a look at the Prepare for Success website to get more information.

    Walter Scott Global Investment Management Prize

    A prize of £1,250 is awarded to the top student on the course.

  • Professional accreditations

    The MSc Investment Analysis is a member of the CFA Institute University Affiliation Program (UAP), a designation awarded to academic institutions that embed a significant portion of the CFA® Program Candidate Body of Knowledge™ (CBOK) into their curriculum. We're one of very few affiliated partner institutions in the UK, and one of a select group globally.

    CFA Institute is the largest association of investment professionals in the world. Successful completion of the CFA Program leads to the award of the Chartered Financial Analyst (CFA) credential, the most respected and recognised investment management designation globally.

    To become a CFA Charter Holder, you must study a prescribed curriculum and take exams at CFA levels I, II and III. At least 70 percent of the learning outcomes of all three levels of the CFA curriculum are covered on the MSc Investment Analysis. This makes the course an ideal route for those wishing to achieve the CFA qualification.

  • Flexible learning

    If you’re interested in studying a module from this course, the Postgraduate Certificate or the Postgraduate Diploma then please email Graduate Admissions to discuss your course of study.

  • Research

    The University of Stirling Management School is rated among the top 25 in the UK for research impact, according to REF 2014. In Scotland, the School was ranked in the top five.

    64% of our research outputs were classified as world-leading and internationally excellent in terms of their originality, significance and rigour. We were ranked 14th in the UK in terms of research impact with over 60% of our research impact judged to have outstanding reach and wide-ranging impact on the policies of public, private and governmental organisations.

  • Academic requirements

    A minimum of a second class Honours degree or equivalent. Applicants without these formal qualifications but with significant appropriate/relevant work/life experience are encouraged to apply.

    In addition, if you have professional qualifications such as The Chartered Financial Analyst (CFA) Level 1, we still encourage you to apply.

    Other routes of entry

    INTO University of Stirling offers a Graduate Diploma for those students who do not meet the required criteria for this course. If you successfully complete the Graduate Diploma in Business, Finance and Sport and meet the required progression grades, you'll be guaranteed entry onto this Masters degree.

  • English language requirements

    If English is not your first language you must have one of the following qualifications as evidence of your English language skills:

    • IELTS: 6.0 with 5.5 minimum in each skill
    • Cambridge Certificate of Proficiency in English (CPE): Grade C or above
    • Cambridge Certificate of Advanced English (CAE): Grade C or above
    • Pearson Test of English (Academic): 54 with 51 in each component
    • IBT TOEFL: 80 with no subtest less than 17

    More information on our English language requirements

  • Pre-sessional English language courses

    If you need to improve your English language skills before you enter this course, our partner INTO University of Stirling offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree.

    Find out more about our pre-sessional English language courses.

The MSc Investment Analysis is a one-year, full-time course. You’ll undertake ten taught modules over two 15-week semesters followed by a supervised dissertation. The dissertation gives you the opportunity to apply your knowledge by undertaking research on an area that matches your interests and career objectives. You may opt to produce an investment analysis case study of a specific company or an empirical analysis of an investment-related academic topic.

Modules

The module details given below are subject to change as the University regularly revises and refreshes the curriculum of our taught programmes. The modules outlined below represent those offered in 2018/19 on this course of study.

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Course Details

  • Teaching

    Teaching is carried out through lectures, seminars, problem-solving lectures, computer workshops and practical case study sessions.

    Guest lectures

    As a student on the MSc Investment Analysis you’re given the chance to go to regular guest lectures. These are typically held on a Wednesday afternoon and are delivered by eminent speakers drawn from leading financial institutions, think tanks, regulatory and professional bodies. In 2016 and 2017 our speakers included:

    • Russell Napier - Co-founder of ERIC (Electronic Research Interchange)
    • Nick Bartlett - Director of Education at CFA Society of the UK
    • Ross Lorrimer - Client Service Associate at State Street
    • Maxim Skorniakov - Investment Manager at Walter Scott Global Investment Management
    • Richard Dunbar - Head of Economic and Thematic Research at Aberdeen Asset Management
    • Kweku Adoboli - Former Trader at UBS
    • John Goodwin - Executive Vice-President and CFO at Lego
    • Colin McLean - CEO at SVM Asset Management
  • Assessment

    Our Masters degree is awarded on satisfactory completion of a dissertation, following the Diploma examinations. Dissertation topics range over all areas of relevance to investment analysis, and allow completion of a case study or research topic dissertation.

  • Classroom hours

    The timetable below is a typical example, but your own timetable may be different.

      Mon Tues Wed Thurs Fri
    9-10 Lecture Lecture   Drop in Session  
    10-11     Lecture    
    11-12 Seminar Problem 
    Solving Lecture
    Lecture Computer Lab Seminar
    12-1     Lecture Computer Lab  
    1-2 Lecture Drop in 
    Session
      Seminar Lecture
    2-3 Lecture  

    Visiting
    Practitioner Presentation

       
    3-4        
    4-5   Lecture    
    5-6        Lecture  
  • Course director

    Dr Kevin Campbell

    +44 (0)1786 467455
    MScInvAnalysis@stir.ac.uk

    Dr Kevin Campbell

    Hear from Dr Kevin Campbell who researches primarily in the fields of corporate finance and corporate governance.

    Ask an expert banking and finance

  • Fees and costs

    Fees shown are per year (fees are different for each course)

      2018/19 2019/20

    Home/EU Students

    Fees shown are for full-time, one-year Masters course*

    If you’re domiciled in Scotland, you may be eligible to apply to the Students Award Agency for Scotland (SAAS) for a loan of up to £10,000 to cover your tuition fees and associated living costs. Students domiciled in the EU can also apply for tuition fee support, although may not be eligible to receive funding to support living costs.

    If you're domiciled in England, Wales and Northern Ireland, you should be eligible to apply for a loan from your regional body.

    English students apply for a loan of up to £10,609 per year as part of the UK Postgraduate Loan Scheme, Welsh students can apply for a non-means tested loan of up to £13,000 from the Welsh Government and Northern Irish students are eligible to apply for support of up to £5,500.

    *Fees for students who apply for a Postgraduate Diploma or Postgraduate Certificate will be paid on a pro-rata basis.

    If the course is taken over two years then the fee will be split evenly over the two years. Fees are not pro-rated for students who enrol on a Masters course and decide to exit with a Postgraduate Diploma - the full fee is charged.

    £7,900 TBC

    Overseas (Non-EU) Students

    Fees shown are for full-time, one-year Masters course. Fees for students who apply for a Postgraduate Diploma or Postgraduate Certificate will be paid on a pro-rata basis.

    If the course is taken over two years then the fee will be split evenly over the two years. Fees are not pro-rated for students who enrol on a Masters course and decide to exit with a Postgraduate Diploma - the full fee is charged.

    £15,250 £15,950

    Please note: You will be liable to pay tuition fees for every year you’re in attendance, and your fees will be held level upon entry. If you need to extend your period of study, you may be liable for an additional fee.

  • Scholarships

    Stirling Management School postgraduate scholarships

    Stirling Management School is committed to investing in academically talented students, helping them to further their education with one of our degree courses. There are various categories of funding available to support the cost of your studies.

    Postgraduate Tuition Fee Loan

    This course is currently approved for PTFL (Postgraduate Tuition Fee Loan) funding from the SAAS.

    MSc Investment Analysis scholarships and funding

    The MSc Investment Analysis course has a specific scholarship opportunity:

    • The Karen Napier Scholarship - available to applicants of any nationality and meets the course fees, as well as providing a £3,500 maintenance award.
    CFA Program Awareness Scholarship

    These are available for 10 MSc Investment Analysis students each year and are awarded on the basis of academic performance during the course. The scholarships allow those students to sit levels I, II or III of the CFA exams at a significantly reduced fee.

    A full set of CFA study materials is available at the University. Students also receive a daily CFA Institute newsletter and are invited to local CFA society events

    If you have the talent, ability and drive to study with us, we want to make sure you make the most of the opportunity – regardless of your financial circumstances. That’s why we offer a wide range of scholarships and funding opportunities available.

    To explore our scholarships and learn more about funding opportunities, use our scholarship finder.

  • Additional costs

    If you choose to attend your graduation ceremony, you will be liable for an additional charge. There is no charge if you wish to graduate in absentia. Learn more about additional fees.

  • Cost of living

    If you’re domiciled in the UK, you can typically apply to your relevant funding body for help with living costs. This usually takes the form of student loans, grants or bursaries, and the amount awarded depends upon your personal circumstances and household income.

    EU and overseas students won’t normally be able to claim living support through SAAS or other UK public funding bodies. You should contact the relevant authority in your country to find out if you’re eligible to receive support. .

    Find out about the cost of living for students at Stirling

  • Payment options

    We aim to be as flexible as possible, and offer a wide range of payment methods - including the option to pay fees by instalments. Learn more about how to pay

The University of Stirling Management School has a dedicated Employability Manager and from the very beginning of the course your career is our focus.

  • You’ll take part in an innovative week-long global financial trading boot camp run by Amplify Trading
  • 98% of our postgraduate leavers are in employment or further study within six months of graduating (Destinations of Leavers from Higher Education survey 2015/16)

Many of our graduates hold senior positions in the investment profession. Others have developed successful careers in related fields, such as banking, financial media and business consultancy.

You will have career opportunities in both the ‘buy side’ and the ‘sell side’ of the investment industry, including with insurance firms, hedge funds, broking firms and investment banks.

Our graduates work around the world for organisations including:

  • Aberdeen Asset Management
  • Baillie Gifford
  • Citibank
  • Horwarth Capital China
  • HSBC
  • Investec Securities
  • JP Morgan
  • Schroders
  • Standard Chartered Bank
  • Vodafone
HigherEd Global Talent Portal

As a Management School student, you have access to the HigherEd Global Talent Portal where you’ll find internship, trainee positions, apprenticeships and graduate positions from companies around the world. It helps international students looking for placements back at home and local students that want to explore an international experience.

The global talent portal is in addition to all other existing initiatives and resources available for you through the Careers and Employability Service, and the Target Connect vacancy and events system.

  • Employability skills

    Everything you do while studying here is designed to help you build the personal skills that will make you stand out to future employers.

    ​You’ll start your MSc course on our Flying Start leadership programme which will challenge your perspective of culture and develop your self-awareness, as well as team-working, problem-solving and presentation skills.

    You also have the chance to take part in real work experience opportunities through our week long masterclass in trading.

    Read more about how we prepare you for the world of work.

My course was outstanding – I’d recommend it to anyone. While most of it was theory we also managed to have some fun.
Ndeendelao Ndahambelela Elise Kambala
MSc Investment Analysis with Distinction
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The fact that the course is CFA- affiliated provides the student with an opportunity to impress potential employers, and ultimately gain a foot in the door of some of the major players in the industry.
James Bowden
MSc Investment Analysis
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At the end of the programme, I received the prestigious Walter Scott global Investment Management Prize, a monetary award given to the most meritorious student in the Investment Analysis programme.
Svetlana Viteva
MSc Investment Analysis
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