MSc Finance and Economics

Our Finance and Economics Masters combines finance theory and practice with real-world economics to help you interpret markets, anticipate financial opportunities and identify risks.

Finance and Economics

Key facts

  • Award Masters / MSc, Postgraduate Diploma, Postgraduate Certificate
  • Start date September 2022
  • Duration MSc full-time: 12 months
  • Mode of study Full-time, Campus based

Overview

This Finance and Economics Masters equips you with the practical skills you need to address the complex issues faced by businesses, governments and financial institutions.

 

As you study, you’ll use evidence and real-world applications to challenge economic theories and models. This approach is combined with finance theory and practice to gain a deep understanding of, and the capacity to analyse, financial markets, investment potentials and risks.

Combining practical economics with finance prepares students for professional roles in:

  • The finance and banking sector
  • Central banks
  • Treasury offices
  • Different offices at national, supranational and local government level around the world

Financial economists use tools and concepts to address complex problems, such as financial instability and climate change, and offer potential practical, innovative solutions, such as central bank equity purchases to combat recessions and carbon markets to reduce CO2 emissions. Economics courses often leave these practical problems aside, while focussing on teaching mathematical models that may feel too abstract. At Stirling, we adopt the CORE online platform, which uses an innovative way of teaching economics. Real-world issues are introduced in the classroom and contemporary economics models and data are then used to address them – providing you with ideal preparation for your future career.

Amplify Trading Boot Camp

The course also includes our week-long Amplify Trading Boot Camp. This won the CFA Institute Innovative Delivery of Education (IDEA) global award and gives you the chance to participate in highly realistic computer-based simulations that replicate the experience of trading in financial markets. By letting you trade in a simulated environment with virtual money, the boot camp bridges the gap between an academic understanding of financial markets and how they function in practice.

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. The SMIF allows you to gain practical experience of managing investments. 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. Particular emphasis is placed on the principles of responsible investment, including the use of Environmental, Social and Governance (ESG) criteria when selecting stocks. Find out more about the Student Managed Investment Fund, the regular guest speakers and how you can get involved at the SMIF website.

We're ranked 2nd in Scotland and Top 5 in the UK by the Guardian University Guide 2022 for Economics, while Accounting and Finance is in the Top 20 in the UK in the Complete University Guide 2021.

Top reasons to study with us

Course objectives

Students undertaking this programme will:

  • Acquire knowledge, skills and experience for a successful career in the finance sector, private institutions and central banks, and different offices across governments.
  • Develop capabilities to interpret how the economy and financial markets work and interact, using data and contemporary economics analysis.
  • Enhance capability to use economics insights and analytics to evaluate policies.
  • Become able to critically evaluate how macro and micro policy affect and are affected by households, businesses and nations interacting in the global economy.
  • Enhance and develop critical, analytical, interpersonal and other transferable skills.

Professional accreditation

The course covers much of the Chartered Financial Analyst (CFA) programme, helping you progress towards obtaining CFA Charterholder status.

Research overview

The University of Stirling Management School is rated among the top 25 in the UK for Business and Management research, according to REF 2014. 

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.

Entry requirements

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.

Other routes of entry

If you don’t currently meet the academic requirements for this course, INTO University of Stirling offers a variety of preparation programmes that can earn you the qualifications and skills you need for direct entry.

Explore INTO Stirling programmes to see the pathway and pre-masters routes available for this course and others at the University of Stirling.

English language requirements

Due to disruption in English Language testing caused by COVID-19, we are accepting alternative English Language tests (including online English Language Tests).

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

  • IELTS Indicator 6.0 with a minimum of 5.5 in each sub-skill 
  • Cambridge C1 Advanced (CAE) 169 overall with a minimum of 162 in each sub-skill
  • Cambridge C2 Proficiency (CPE) 180 overall with a minimum of 162 in each sub-skill
  • Pearson Test of English (Academic) 60 overall with a minimum of 59 in each sub-skill
  • IBT TOEFL 78 overall with a minimum of 17 in listening, 18 in reading, 20 in speaking and 17 in writing
  • IBT TOEFL Special Home Edition Test 78 overall with a minimum of 17 in listening, 18 in reading, 20 in speaking and 17 in writing
  • Trinity ISE II Pass overall with a Pass in each sub-skill, ISE III Pass overall and in all sub-skills, ISE IV Pass overall and in all sub-skills
  • Aptis (4 skills) CEFR B2 overall and B2 in all sub-skills
  • Duolingo 95 overall with a minimum of 90 in all sub-skills
  • LanguageCert International ESOL B2 Communicator - High Pass overall with minimum 25 in each sub-skill

Last updated: 20 December 2021

If you are from India, Bangladesh, Ghana or Nigeria please also check your country/region specific page for any additional, or changes to, English language requirements.

For more information on ways that you can meet our English language requirements, including options to waive the requirement, please read our information on 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.

Course details

The MSc Finance and Economics is a one-year, full-time course. You’ll undertake eight taught modules over two 15-week semesters followed by a supervised dissertation. The dissertation gives you the opportunity to apply your knowledge by undertaking independent work on an area that matches your interests and career objectives.

Modules

The module information below provides an example of the types of course module you may study. The details listed are for the current academic year (September 2021). Modules and start dates are regularly reviewed and may be subject to change in future years.

Course Details

Teaching

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

Many of our staff are publishing research in leading international journals and engaged in developing new policy and practices within the finance profession, as well as delivering innovative teaching.

The course is taught by staff with finance and economics expertise and international research interests in areas such as financial economics and analysis, investors and consumer decision making, public policy, financial analysis, behavioural economics and finance, econometrics and analytics.

Innovative teaching in Economics using the CORE online platform

How the economy works is taught in an interactive way, using classroom experiments, and problem-motivated units. We adopt the CORE platform which is revolutionising the way economics is taught. Students learn economics by doing economics.

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 finance or economics, and allow completion of a research topic dissertation.

Classroom hours

Students can expect to have around four contact hours per module each semester and a timetable will be available shortly before the course begins.

Course director

Fees and funding

Fees and costs

  2021/22 2022/23
Students from the UK£9,350£9,850
Students from the Republic of Ireland£9,350£9,850
Overseas (non-EU) students£20,845£21,345
European Union students£20,845£21,345

Students from the UK

Course fees

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

If you need to extend your period of study or repeat study, you will be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

Students from the Republic of Ireland

Course fees

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

If you need to extend your period of study or repeat study, you will be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

European Union students

EU Postgraduate Scholarship

Eligible EU students will automatically receive our EU Postgraduate Scholarship, which provides a 40% fee discount on full-time postgraduate degrees at the University of Stirling.

Course fees

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

If you need to extend your period of study, you will be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

Overseas students (non-EU)

We offer a range of funding options for overseas students.

Course fees

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

If you need to extend your period of study, you may be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

Postgraduate tuition fee loans

This course is eligible for a postgraduate tuition fee loan from one of the UK’s governments. See the section, below, for more details.

Additional costs

There are some instances where additional fees may apply. Depending on your chosen course, you may need to pay additional costs, for example for field trips. Learn more about additional fees.

Scholarships and funding

Postgraduate tuition fee loans

Scottish students may be eligible to apply to the Students Award Agency for Scotland (SAAS) for loans of up to £10,000 to cover tuition fees and associated living costs.

English students can apply for a loan of up to £11,570 each year as part of the Postgraduate Masters Loan Scheme.

Welsh students can apply for financial support of up to £18,025 as a combination of grant and loan from Student Finance Wales.

Northern Irish students can apply for a postgraduate tuition fee loan of up to £5,500 from Student Finance NI.

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.

Learn more about available funding opportunities or use our scholarship finder to explore our range of scholarships.

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.

European Union 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

After you graduate

This Masters course helps you to develop the skills you need for a career in the finance, banking and public sectors, opening the door to a variety of jobs. Financial economists are appreciated for their analytical skills, which they can apply to many areas and roles, such as:

  • Market and investment analysts and specialists in financial and energy companies such as RBS, Coal Marketing Ltd, China Asset Management Company, China Investment Corporation.
  • Consultants in global economic and financial firms such as NERA Economic Consulting, McKinsey & Company, Mackenzie Consulting Group, Oxera.
  • Advisors, officers and researchers in Central Banks around the world.

The University of Stirling Management School has a dedicated Employability Manager. From the very beginning of the course your career is our focus, and you’ll take part in an innovative week-long global financial trading boot camp run by Amplify.

HigherEd Global Talent Portal

As a Management School student, you'll have access to the HigherEd Global Talent Portal where you’ll find internships, 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.

“Integrating economics insights with the strong finance modules offered in Stirling is incredibly appealing and fills a gap in the Stirling offer.”

Michele Battaglia, Senior Information Analyst, NHS

“Combining finance with economics will really help students to get the right skills for a successful career in the finance and public sectors.”

Emma Van Dijck, Assistant Economist, The Scottish Government

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.

Companies we work with

As a student on the MSc Finance and Economics you’re given the chance to participate in regular guest lectures. These are typically held on a Wednesday afternoon and are delivered by eminent speakers from leading financial institutions, think tanks, regulatory and professional bodies. Previous speakers include:

Changes at Stirling

Find out about important changes including how you'll be taught, start dates and how we're making campus safer.

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