Master Of Science In Quantitative Economics And Finance

Last Updated on August 24, 2022 by Smile Ese

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Master Of Science In Quantitative Economics And Finance

The Master of Science in Quantitative Economics and Finance (MScQEF) is a one-year programme that exposes highly talented students to fundamental research methods in the fields of economics and finance. The programme prepares for careers in academia, public institutions, and upscale jobs in the industry. For its best graduates it is a premier route for admission to the University of Luxembourg’s Doctoral School in Economics and Finance.

The MSc in Quantitative Economics and Finance meets the highest international standards and compares to the first year of doctoral programmes at top universities in the US or the UK. In the second semester, students have to write a Master thesis. Close ties to the University’s economics and finance research departments ensure individual supervision by faculty members.

5 reasons to study quantitative economics and finance in Luxembourg
Get to know the research frontier in economics and finance
Strong links to research carried out at Uni.lu’s economics and finance departments
Curriculum meets highest international standards of first year – doctoral studies
Gain knowledge and skills for a career in academia, public institutions, or the industry
Study in one of Europe’s leading financial centres

Admissions
Students applying for the one-year Master of Science in Quantitative Economics and Finance need to have successfully completed four years of university studies (240 ECTS), usually a Bachelor degree and one-year Master in economics, finance, business, management, mathematics, or a related discipline.

The MSc in Quantitative Economics and Finance is taught entirely in English.

For further details about applying, visit the Applications page.

Fees & funding
The programme levies a €200 per semester administrative fee for ALL students (EU and Non-EU/EEA)

Merit-based financial assistance in the form of full or partial scholarships is available to a limited number of admitted students. These scholarships include a monthly payment of € 1050,– for a full and € 525,– for a partial scholarship for the academic year starting in September 2021 and closing in August 2022.

The application for the scholarship must be included in the application file. The application form and detailed guidelines for the scholarship can be found here.

Luxembourg nationals and non-nationals who have lived in the country for more than five years/are children of parents employed in Luxembourg may be eligible to apply for CEDIES, financial assistance provided by the Luxembourg government.

The Master of Science in Quantitative Economics and Finance is a one-year programme.

SemestersPractical InformationDeadlines & application
 Teaching language: English Admission requirements 
Winter Sem. 2020/2021 Duration of the programme: 1 yearRequired degree(s): A master’s degree  (4 years – 240 ECTS) or a bachelor’s degree with M1 in economics, finance, business, management, mathematics, or a related discipline.Selection criteria: Selection based on application formOnline application: [The registration period is now definitively over for this semester.]

The Master of Science in Quantitative Economics and Finance is a one-year programme that exposes highly talented students to fundamental research methods in the fields of Economics and Finance. The programme prepares for careers in academia, public institutions, and upscale jobs in the industry. For its best graduates it is a premier route for admission into the Doctoral School in Economics and Finance of the University of Luxembourg.

Description

The MSc in Quantitative Economics and Finance offers advanced courses that familiarize students with fundamental research methods in the fields of Economics and Finance. The master’s thesis documents the application of these methods in an original research project. A broad array of electives allows for a specialization in Economics or Finance. Throughout this demanding academic year, students benefit from the diverse research interests of the faculty and a highly international student body. They gain insights about the activities of research-related jobs within and outside of academia.

Curriculum

The MSc in Quantitative Economics and Finance is taught across two semesters. The curriculum is designed around the principal pillars of both disciplines: mathematics and statistics, econometrics, macro- and microeconomics, financial theory, general equilibrium theory, and empirical analysis. In addition, students can choose from a number of optional courses, covering different areas of applied theory and policy.

In their final semester, students complete a master’s thesis. Topics for the master’s thesis are coordinated together with the programme director and thesis supervisor. Close ties to the University’s Economics and Finance research departments ensure individual supervision by faculty members. The thesis project concludes with a public defense.

Learning outcomes

Ability to pursue a PhD in Economics or Finance
Methods and tools to analyse economic phenomena in a complex, data-driven world
Skills to provide evidence-based, scientific policy advice
Critical thinking, ability to carry out independent research and to communicate its findings
Exposure to the research environment provided by the Economics and Finance departments of the University of Luxembourg
Programme brochure

You can download the Programme here : MScQEF Programme

5 reasons to study quantitative economics and finance in Luxembourg

Get to know the research frontier in Economics and Finance
Strong links to research carried out at the Economics and Finance departments of the University of Luxembourg
Curriculum meets highest international standards of first year – doctoral studies
Gain knowledge and skills for a career in academia, public institutions, or the industry
Study in one of Europe’s leading financial centres
Careers

The MSc in Quantitative Economics and Finance is equivalent to the first year of doctoral education. Its graduates are eligible for the Doctoral School in Economics and Finance (DSEF) of the University of Luxembourg.

Graduates from the MSc in Quantitative Economics and Finance will also find employment in Luxembourg’s dynamic and international job market. They are especially qualified for jobs with central banks, private banks, insurance companies, administrations, European and national institutions, or statistical services.

Work visas

Non-EU/EEA students having completed their master’s degree at the University of Luxembourg are eligible to apply for a Luxembourg work permit with a duration of up to four years, beginning immediately after completion of their studies.

Admissions

Students applying for the one-year Master of Science in Quantitative Economics and Finance need to have successfully completed four years of university studies (240 ECTS), usually a Bachelor degree and one-year Master in Economics, Finance, Business, Management, Mathematics, or a related discipline.

The MSc in Quantitative Economics and Finance is taught in English.

For further details about applying, visit the Applications page.

Application deadline:

Non-EU Application deadline: 30 April 2021

EU Application Deadline: 31 July 2021

For more information or further questions, please contact: [email protected]

Fees and funding

The programme levies an administrative fee of €200 per semester.

The Luxembourg Bankers’ Association “Fondation pour l’éducation financière” and the Faculty of Law, Economics and Finance offer a scholarship for the most promising students applying for the Master of Science in Quantitative Economics and Finance.

The ABBL scholarship will be divided into awards to up to nine (9) successful candidates:

  • Three (3) full time scholarships (1.050€ per month during twelve (12) months)
  • Six (6) half-time scholarships (525€ per month for twelve (12) months).

Luxembourg nationals and non-nationals who have lived in the country for more than five years/are children of parents employed in Luxembourg may be eligible to apply for CEDIES, financial assistance provided by the Luxembourg government.

St. Gallen, Switzerland
With its challenging curriculum, the Master’s degree programme in Quantitative Economics and Finance offers high-quality education in economics, econometrics, and quantitative methods with a strong focus on finance. The programme combines in-depth knowledge in the areas of economics and finance with state-of-the-art quantitative methods, which makes it unique in Switzerland. The MiQE/F trains students to analyse and solve challenging problems in economic policy, finance, and the world of business. Small class sizes ensure inspiring discussions and close contact with the research-oriented faculty. The MiQE/F is an excellent basis for moving on to responsible positions in the private sector or policy institutions as well as for highly selective Ph.D. programmes worldwide. Learning Objectives Master in Quantitative Economics and Finance You develop a deep understanding of economics and finance theories. You gain strong methodological competences with distinctive skills in econometrics, quantitative methods, and machine learning. MiQE/F prepares you for economics in the “digital age”. You will be able to handle, analyse and interpret large data sets with different tools and programmes. You know how to apply your diverse skill-set to analyse data and solve complex and challenging real-world problems. In addition, your management and communication skills are trained.

MSc in Quantitative Economics and Finance | INOMICS

The Master of Science in Quantitative Economics and Finance is a one-year program that exposes highly talented students to fundamental research methods in the fields of economics and finance. The program prepares for careers in academia, public institutions, and upscale jobs in the industry. For its best graduates, it is a premier route for admission to the University of Luxembourg’s Doctoral School in Economics and Finance.

The MSc in Quantitative Economics and Finance meets the highest international standards and compares to the first year of doctoral programs at top universities in the US or the UK. In the second semester, students have to write a Master thesis. Close ties to the University’s economics and finance research departments ensure individual supervision by faculty members.

5 reasons to study quantitative economics and finance in Luxembourg
Get to know the research frontier in economics and finance.
Strong links to research carried out at Uni.lu’s economics and finance departments.
The curriculum meets the highest international standards of first-year – doctoral studies.
Gain knowledge and skills for a career in academia, public institutions, or the industry.
Study in one of Europe’s leading financial centers.
Application
Admission requirements

Applicants need to have successfully completed four years of university studies (240 ECTS), usually a Bachelor’s degree and one-year Master’s, or equivalent, in economics, finance, business, management, mathematics, social sciences, or a related discipline.

All non-English native speaking applicants need to be able to demonstrate proficiency of English at B2 level, with the following minimum results:

TOEFL iBT: 87/120
TWE: 5
IELTS: 5.5-6.5
Cambridge ESOL: B2
Formal test results may be waived if the student has completed previous degrees at an English-speaking university or has extensive experience using English in a professional capacity. Relevant evidence needs to be submitted by the applicant if they are applying on this basis.

Application file

As part of the application process, prospective students will need to supply the following documents:

Full degree transcripts (Bachelor, Master or equivalent), incl. an official English translation if the original is not in English.
Diplomas of previous degrees (Bachelor, Master or equivalent) or other confirmation of completion (if diploma not yet available), incl. an official English translation if the original is not in English.
A separate list of relevant statistics courses followed as part of previous education, incl. a title, short description, and grade achieved. If the student has not taken any statistics courses, this should be mentioned.
General GRE test scores (pdf suffices).
Curriculum Vitae.
Motivation letter/personal statement.
Additional documents, such as a copy of passport or identity card, photo, etc. may be required by the student services department (SEVE).
Selection process

Students are selected based on their application file. The application file is assessed by the Admissions Board, which may also carry out interviews with shortlisted candidates.

Assessment criteria include:

Existing knowledge, skills and competencies acquired during the undergraduate degree.
Academic record and grades achieved (incl. General GRE test scores).
Professional experience.
Motivation, extracurricular and other supporting activities, commitment to higher education and learning.
The application period starts on 15 February for intake in September 2019. There are two waves of admission decisions with respective application deadlines: 30 April and 31 July. The admission decision will be communicated within two weeks following the respective deadline.

Early application is highly recommended as merit-based financial support is allocated on a first-come-first-served basis.

Student visas

Non-EU/EEA students are advised to consult the student services department (SEVE) application page, which includes information about the visa application process (see point four in particular).

The Faculty of Law, Economics, and Finance recommends non-EU/EEA applicants to:

Consult their local Luxembourg consular office or other competent authority for complete information on visa application requirements and documentation needed;
Allow at least three months for the completion of the visa application procedure;
Plan sufficient time for obtaining some of the required documentation. E.g. the issuing of a police record can take several week/months depending on your country of residence;
Read carefully and follow the steps outlined by the SEVE application page regarding the validation of non-EU/EEA issued academic degrees and diplomas.
Fees & funding

The program levies a €200 per semester administrative fee.

Merit-based financial assistance in the form of student jobs and scholarships are available to a limited number of admitted students. This financial support amounts to roughly 550 euros per month.

Luxembourg nationals and non-nationals who have lived in the country for more than five years/are children of parents employed in Luxembourg may be eligible to apply for CEDIES, financial assistance provided by the Luxembourg government.

The MSc in Quantitative Economics and Finance is taught entirely in English.

Curriculum
The MSc in Quantitative Economics and Finance is taught across two semesters. The curriculum is designed around the principal pillars of both disciplines: mathematics and statistics, econometrics, macro- and microeconomics, financial theory, general equilibrium theory, and empirical analysis. In addition, students can choose from a number of optional courses, covering different areas of theory and policy.

In their final semester, students complete a Master thesis. Topics for the Master thesis are coordinated together with the program director and thesis supervisor. The Master thesis is an original piece of research that should showcase a thorough understanding of the chosen topic as well as the appropriate research methodology. The thesis project concludes with public defense.

Learning outcomes
Ability to pursue a Ph.D. in economics or finance.
Methods and tools to analyze economic phenomena in a complex, data-driven world.
Skills to provide evidence-based, scientific policy advice.
Critical thinking, ability to carry out independent research and to communicate its findings.
Exposure to the research environment of the University of Luxembourg’s economics and finance departments.
Careers
The MSc in Quantitative Economics and Finance is equivalent to the first year of doctoral education, and graduates are eligible to apply to the University of Luxembourg Doctoral School in Economics and Finance.

Graduates from the MSc in Quantitative Economics and Finance will also find employment in Luxembourg’s dynamic and international job market. They are especially qualified for jobs with central banks, private banks, insurance companies, administrations, European and national institutions, or statistical services.

Work visas

Non-EU/EEA students, having completed their Master’s degree at the University of Luxembourg, are eligible to apply for a Luxembourg work permit for a duration of a maximum of four years, beginning in the period immediately following the end of their studies.

Program at a glance:
60 ECTS (30 ECTS per semester)
Taught in English
Intake: 15 students per year
€200 per semester

The Master of Science in Quantitative Economics and Finance at University of Luxembourg is a one-year programme that exposes highly talented students to fundamental research methods in the fields of economics and finance.

Financial markets are the communication spaces and networks that allow the trading of financial assets. During the last years, this sector has been affected and change due to the globalization, the change in the company management and the liberalization of the economic markets.

Pictogramme Follow a Masters/MS/MBA in Financial Market
These master allows you to improve your decisions making in the stock market and financial market, to provide participants with tools for the stock exchange and financial markets that generate value, to control the tools and instruments of planning and budgeting that support the financial decision making process and to operate in an dynamic environment. Therefore, you will develop the skills necessary to be able to successfully manage a modern enterprise from the point of view of the function of the financial advisor.

Pictogramme Follow a Masters/MS/MBA in Financial Market
The graduation profile of the Master’s students is of professionals in the field of assets, markets and wealth management who can access the following professional entities: banking financial institutions, financial companies not banking, investment services firms, of course, financial departments of enterprises and management agencies and enterprises in the financial markets.

Pictogramme Financial Management in 2019
At present, the Financial Expert no longer has to carry out control tasks alone, although these remain his responsibility, but his added value as a professional will be determined by his ability to analyze and solve problems, so their actions and competencies must be oriented to a greater involvement in the strategic management of the value of the company. The market demands more flexible financial accountants for two reasons: the responsibility of the Financial Expert within the different areas of the company is expanding and the dynamism of the economy forces them to be increasingly alert from the financial point of view.

This specialization allows students to acquire a high level in economics in either a one or two-year program. The curriculum is jointly organized by Ecole Polytechnique, ENSAE, ENS Paris-Saclay, Université Paris-Sud (Orsay) and HEC Paris within the Paris-Saclay Campus, thus capitalizing on the academic strengths of all the institutions offering the courses.

KEY FEATURES
The curriculum of this specialization is jointly organized by Ecole Polytechnique, ENSAE, ENS Paris-Saclay, Université Paris-Sud (Orsay) and HEC Paris within the Paris-Saclay campus.

A Flexible and Comprehensive Curriculum
Two options are offered to HEC students.

  1. A one-year option
    Students may join the program as in the tradition of other majors and only complete the first year of the Paris-Saclay Master in Economics. In that case, students will earn their HEC Master degree in Management and a certificate proving they have followed the first year of the Paris-Saclay Master in Economics (provided all other graduation requirements are fulfilled and the first year of the master is completed successfully).

Main courses: microeconomics, macroeconomics and econometrics.

  1. A two-year option
    Students willing to pursue a career in research in economics at the highest level may choose to follow the complete curriculum. They will then earn their Master degree in Economics as well as their HEC Master degree in Management.

First year main courses: microeconomics, macroeconomics and econometrics.

Second year main courses: financial economics, economic theory, markets and organizations, international trade and spatial economics, macroeconomics, public policy, economics of sustainable development.

Career Outlook

The one-year option of this specialization will be a valuable asset for a career in investment banking and consulting firms, as quantitative economics is a very popular expertise in these business sectors.

100% of our annual graduates in Economics find employment within 3 months, especially in the financial sector.

The two-year option will be a natural choice for students willing to do a PhD in Economics or Finance after their Master’s degree.

THE CURRICULUM
The first year curriculum
The first year of the program emphasizes microeconomics, macroeconomics and econometrics. Students also have access to elective courses. A project work in Applied Econometrics will be completed over the course of the year. Towards the end of the year, students do a research-oriented internship in a laboratory or in the private or public sector. Courses take place mainly on the Ecole Polytechnique campus.

The first year curriculum includes:

Preparatory courses (Ecole Polytechnique)

Mathematics and Probability
Introduction to Stata
Mandatory courses (Ecole Polytechnique)
Term 1 (September to December):

Microeconomics 1 – Individual Decision-making and Market Equilibrium
Macroeconomics 1 – Economic Growth
Econometrics 1 – The Linear Regression Model and Extensions
Term 2 (December to March):

Microeconomics 2 – Strategic Interactions and Information
Macroeconomics 2 – Business Cycles
Econometrics 2 – Nonlinear, Qualitative Data and Panel Methods

Elective courses (Ecole Polytechnique and ENS Paris-Saclay)
Term 1 and Term 2 are combined.
Students are required to choose 2 elective courses among:
ENS Paris-Saclay:

History of Economic Thought since 1945
European Economics
Microeconomics for Public Economics
Ecole Polytechnique:

Development Economics
Energy Economics with a Geography Focus
Fintech, Blockchain and Crypto-currencies
Macroeconomic Policy
Project in Applied Economics
Over the whole year, students should apply standard econometrics methods to a dataset using common statistical software (such as STATA, R, or SAS), and present the results in the form of a short dissertation.

Research internship
During the third term, from April onwards, students must complete a research internship of at least 16 weeks exploiting a list of topics proposed by the academic departments. The internship will be concluded with an oral presentation.

The second year curriculum
The second year offers courses for specialization in the following fields: financial economics, economic theory, markets and organizations, international trade and spatial economics, macroeconomics, public policy, economics of sustainable development, econometrics. The curriculum also includes a research dissertation over the whole year. Courses take place mainly at ENSAE and at HEC Paris.

Master Of Science In Quantitative Economics - College Learners

Specialization fields
Each field of specialization proposes core and specialized courses. Students need to choose at least 4 core courses, with no more than 7 courses in the first semester and such that course credits amount to 40 ECTS over the entire year.

  1. Financial Economics

Core Courses:

Asset Pricing (HEC Paris)
Banking and Financial Intermediation (HEC Paris)
Corporate Finance Theory (HEC Paris)
Financial Econometrics (HEC Paris)
Specialized Courses:

Asset Pricing, Liquidity and Market Imperfections (HEC Paris)
Digital Currencies and Blockchains (HEC Paris)
Econometrics of Commodity and Asset Pricing
Market Microstructure (HEC Paris)

  1. Economic Theory, Decision Theory and Games

Core Courses:

Decision Theory
Game Theory
Experiments in Economics and Social Sciences
Specialized Courses:

Advanced Decision Sciences
Dynamics of Information and Communication in Games
Social Choice and Voting

  1. Industrial Economics, Markets and Organizations

Core Courses:

Empirical Industrial Organization
Theory of Contracts and Incentives
Theory of Industrial Organization

Specialized Courses:

Competition Policy in Practice: Cases
Consumer Economics and Pricing Strategies
Topics in Insurance Economics

4.International Trade and Spatial Economics

Core Courses:

Economic Geography and Urban Economics
International Trade
Specialized Courses:

Granularity and Networks in a Global Economy
Issues in Globalization
Trade and Development Policies
Transportation Economics and Location Theory

  1. Macroeconomics

Core Courses:

Macro-finance
Monetary Economics
Recursive Methods and Applications to Macroeconomics

Specialized Courses:

Applied Macroeconometrics
Development Economics
Firm Dynamics and Input-Ouput Networks in Macroeconomics
International Macroeconomics
Intertemporal Choice: Theory and Applications
Structural Macroeconomics

  1. Public and Environmental Economics

Core Courses:

Environmental Economics
Political Economy
Public Economics
Public Finance

Specialized Courses:

Catastrophic Risks and Insurance Markets
Economics of Energy Markets
Economics of Sustainable Development
Topics in Behavioral Political Economy

  1. Labor Economics and Public Policy Evaluations

Core Courses:

Labor Economics
Microeconometric Evaluation of Public Policies
Specialized Courses:

Behavioral Insurance
Development Microeconomics
Economics of Education and Human Capital
Randomized Methods and Policy Evaluation
Urban Labor and Housing Markets

  1. Econometrics

Core Courses:

Macroeconometrics
Semi and Non-Parametric Econometrics
Statistical Methods of Econometrics
Structural Econometrics
Specialized Courses:

Dynamic Statistical Models with Hidden Variables
Econometrics of Panel and Duration Data
GARCH and Stochastic Volatility Models
High-Dimensional Econometrics
Introduction to Time Series Econometrics
Dissertation

This has to be completed over the course of the year. Students are required to determine a research topic with their supervisor and the bibliographic research and data sources. The dissertation will be concluded with an oral defence.

Academic Team

The courses are taught by academic professors from HEC and from partner institutions involved in the Master program, but also by professionals working in leading firms.

Directors

• Tristan Tomala, Professor, HEC Paris
• Robert Gary-Bobo, Professor, ENSAE
• Jean-Baptiste Michau, Associate Professor, Ecole Polytechnique

Professors

• Mohammed Abdellaoui, Research Director CNRS, HEC Paris
• Marie-Laure Allain, Researcher CNRS, Ecole Polytechnique
• Lisa Anoulies, Assistant Professor, Université Paris-Sud
• Geoffrey Barrows, Researcher CNRS, Ecole Polytechnique
• Pierre-Olivier Beffy, Professor, ENSAE
• Christian Belzil, Research Director CNRS, Ecole Polytechnique
• David Benatia, Assistant Professor, ENSAE
• Jean-Marc Bourgeon, Assistant Professor, Ecole Polytechnique
• Pierre Boyer, Assistant Professor, Ecole Polytechnique
• Micael Castanheira, Université Libre de Bruxelles
• Edouard Challe, Associate Professor, Ecole Polytechnique
• Claire Chambolle, Researcher INRA, Ecole Polytechnique
• Philippe Chone, Professor, ENSAE
• Margherita Comola, Professor, Université Paris-Sud
• Grégory Corcos, Associate Professor, Ecole Polytechnique
• Bruno Crepon, Professor, ENSAE
• Xavier d’Haultfoeuille, Professor, ENSAE
• Laurent Davezies, INSEE Administrator, ENSAE
• André de Palma, Professor, ENS Paris-Saclay
• José de Sousa, Professor, Université Paris-Sud
• Catherine Doz, Professor, Université Paris 1 Panthéon-Sorbonne
• Allan Drazen, Professor, University of Maryland
• Nicolas Drouhin, Associate Professor, ENS Paris-Saclay
• Roxana Fernandez, Assistant Professor, ENSAE
• Thierry Foucault, Professor, HEC Paris
• Christian Francq, Professor, ENSAE
• Christophe Gaillac, INSEE Administrator, CREST-ENSAE
• Robert Gary-Bobo, Professor, ENSAE
• Olivier Gossner, Research Director CNRS, Ecole Polytechnique
• Basile Grassi, Bocconi University
• Guillaume Hollard, Research Director CNRS, Ecole Polytechnique
• Anett John, Assistant Professor, ENSAE
• Thierry Kamionka, Research Director CNRS, ENSAE
• Hubert Kempf, Professor, ENS Paris-Saclay
• Yukio Koriyama, Associate Professor, Ecole Polytechnique
• Francis Kramarz, Professor, ENSAE
• Laurent Linnemer, Professor, ENSAE
• Olivier Loisel, Assistant Professor, ENSAE
• Stefano Lovo, Professor, HEC Paris
• Franck Malherbet, Professor, ENSAE
• Isabelle Mejean, Associate Professor, Ecole Polytechnique
• Eric Mengus, Assistant Professor, HEC Paris
• Tomasz Michalski, Associate Professor, HEC Paris
• Stefania Minardi, Associate Professor, HEC Paris
• Alain Monfort, Professor, ENSAE
• François Pannequin, Associate Professor, ENS Paris-Saclay
• Marcin Peski, Visiting Professor, HEC Paris
• Pierre Picard, Professor, Ecole Polytechnique
• Julien Prat, Researcher CNRS, ENSAE
• Alessandro Riboni, Associate Professor, Ecole Polytechnique
• Benoît Schmutz, Professor, Ecole Polytechnique
• Jean-Noël Senne, Assistant Professor, Université Paris-Sud
• Anna Simoni, Professor, ENSAE
• Felipe Starosta de Waldemar, Assistant Professor, Université Paris-Sud
• Emmanuelle Taugourdeau, Researcher CNRS, ENS Paris-Saclay
• Tristan Tomala, Professor, HEC Paris
• Farid Toubal, Professor, ENS Paris-Saclay
• Anne Uhlendorff, Researcher CNRS, ENSAE
• Thomas Vendryes, Assistant Professor, ENS Paris-Saclay
• Thibaud Verge, Professor, ENSAE
• Caroline Vincensini, Assistant Professor, ENS Paris-Saclay
• Jean Michel Zakoian, Professor, ENSAE.

Professionals
• Benoît Campagne, World Bank
• Hervé Le Bihan, Banque de France

Advanced skills in financial and economic analysis using large data sets have become increasingly important workforce credentials among firms seeking to gain a competitive edge in the marketplace; yet professionals with these skills have been in relatively short supply.

Finance and Economics are closely intertwined disciplines, with each field contributing insight across different dimensions to the same competitive challenges that firms face and policies that governments create.This intersection of interest and shared outcome create synergies between the disciplines that support offering a degree program that combines both economics and finance.

The Master of Science major in Quantitative Finance and Economics degree program is designed for undergraduate STEM-related majors or professionals with an interest in acquiring additional analytical skills to enhance their ability to excel in today’s marketplace.

Economics and finance are the driving forces behind decisions that shape our society.

Our Economics and Finance MSc is offered by one of the UK’s leading economics schools.

This course’s combination of economic theory and quantitative financial skills will give you a broader and sharper perspective of the workings of financial markets, equipping you for a successful career in the fast-evolving and increasingly complex world of international finance.

We are ranked in the top 10 for business and economics in the United Kingdom by the Times Higher Education World University Rankings 2020.

Five reasons to study for a masters in economics

What you will study
Our Economics and Finance MSc combines expertise and practical knowledge from both our School of Economics and Surrey Business School. As a student on this course, you’ll apply advanced core-economic principles to the context of business and corporate finance, while mastering the complexities of the banking and financial systems.

The structure of this programme comprises four core modules and four elective modules, split between our School of Economics and Surrey Business School. This combination will provide you with knowledge of macro and micro-economic theory, financial economics and financial econometrics. It will give you the opportunity to tailor your studies according to your own interests and career aspirations.

Related courses
Accounting and Finance MSc

Economics MSc

Economics MA

Economics MRes

Hannah Siaw profile image
STUDENT
Hannah Siaw
My time at Surrey has definitely had a positive impact on my employability – whether I decide to work in the public or private sector I know I will graduate from the course prepared and well-rounded.

Facilities
The University provides its students with leading facilities, including our recently renovated Library and Learning Centre and a range of computer labs across campus.

For students on this course, a designated computer lab is located at the heart of the School of Economics. You’ll have access to specialist software and have the chance to work and learn together with your peers.

Teaching staff
Masters students will be able to build strong relationships with their designated supervisors, while working towards their dissertations over the second part of year.

Our supervisors also offer support in the form of reference letters for future job opportunities and will do so for many years to come.

Economics and Finance (MSc) - Postgraduate taught, University of York

Our economics research is at the forefront of its field. Within the team of our academics, two members of staff currently hold positions as government advisors, so we can ensure that our expertise is up-to-date.

All our staff incorporate their research and professional experience into their teaching, and this is especially clear at postgraduate level.

All our staff are permanent, which enables them to be fully committed and invested in their modules.

The student experience at the School of Economics is vital to the success of our courses and you’ll be encouraged to express yourself and develop to your full potential. We encourage a dialogue between our staff and students, listening to your input and using it to help shape the way our degrees are run. Our academic staff teach with a hands-on approach and the School will support you throughout your learning, both during and outside of lectures.

Careers and graduate prospects
We offer careers information, advice and guidance to all students whilst studying with us, which is extended to our alumni for three years after leaving the University. Our graduates have lifetime access to Surrey Pathfinder, our online portal for appointment and events bookings, jobs, placements and interactive development tools.

A masters degree provides a deep understanding of the problems economists are asked to tackle, and enhances employability and the prospect of a rewarding career. You’ll be taught by experienced research-active experts who can provide real industry insights.

Some of our masters graduates have embarked on careers in roles such as:

Analysts (finance, business, data, trade, and sales)
Audit Manager
Client Success Manager
Consultants (International Consultant)
Economic Advisor
Economist
Investment Management Analyst
Regulatory Affairs Advisor.

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

Important: In light of the Covid-19 pandemic the University has revised its courses to incorporate the ‘Hybrid Learning Experience’ in a departure from previous academic years and previously published information. The University has changed the delivery (and in some cases the content) of its programmes. Further information on the general principles of hybrid learning can be found at: Hybrid learning experience | University of Surrey.

We have updated key module information regarding the pattern of assessment and overall student workload to inform student module choices. We are currently working on bringing remaining published information up to date to reflect current practice in time for the start of the academic year 2022/23 This means that some information within the programme and module catalogue will be subject to change. Current students are invited to contact their Programme Leader or Academic Hive with any questions relating to the information available.

The University operates a credit framework for all taught programmes based on a 15-credit tariff. Modules can be either 15, 30, 45, 75 and 120 credits, and additionally for some masters dissertations, 90 credits.

The structure of our programmes follows clear educational aims that are tailored to each programme. These are all outlined in the programme specifications which include further details such as the learning outcomes:

  • Economics and Finance MSc
  • FULL-TIME
  • PART-TIME

YEAR 1 (FULL-TIME)

Module titleStatusSemester
ECONOMETRICS 1Compulsory1
FOUNDATIONS OF FINANCE: FINANCE & INVESTMENTS Compulsory1
MACROECONOMICS Compulsory1
MICROECONOMICSCompulsory1
ADVANCED MICROECONOMICSOptional2
CORPORATE FINANCEOptional2
DERIVATIVES SECURITIESOptional2
ECONOMETRICS 2Optional2
ECONOMICS OF THE FIRMOptional2
FINANCIAL ECONOMETRICSOptional2
INTERNATIONAL FINANCEOptional2
INTERNATIONAL FINANCE AND DEVELOPING ECONOMIESOptional2
RISK MANAGEMENTOptional2
THEORY OF FINANCEOptional2
RESEARCH METHODSCompulsoryYear-long

Optional modules for Year 1 (full-time) – FHEQ Level 7

Students must complete all four Semester 1 modules and four Semester 2 modules, two modules from each School.

Timetable

Course timetables are normally available one month before the start of the semester. Please note that while we make every effort to ensure that timetables are as student-friendly as possible, scheduled teaching can take place on any day of the week (Monday–Friday). Wednesday afternoons are normally reserved for sports and cultural activities. Part-time classes are normally scheduled on one or two days per week, details of which can be obtained from the Academic Hive. View our Timetabling Policy (PDF).

Academic support Disability and neurodiversity support English language support 

Entry requirements

A minimum of a 2:1 UK honours degree in either Business, Chemistry, Computer Science, Economics, Engineering, Finance, Mathematics, Physics or Statistics, or a recognised equivalent international qualification.

Alternatively we will consider a UK 2:1 or overseas equivalent in another subject if you achieve above 60 per cent (UK grading or overseas equivalent) in Macroeconomics and Microeconomics modules and one other module from Algebra, Calculus, Mathematics, Probability, Quantitative Methods or Statistics.

Applicants with a 2:1 degree or overseas equivalent in other subjects who have substantial work experience in the field of their desired specialisation will also be considered.

Do I meet the requirements for this course?

We require you to submit a full application so that we can formally assess whether you meet the criteria published. Unfortunately, we are unable to provide an outcome based on an enquiry (via email, webform enquiry, phone or live chat).

English language requirements

IELTS Academic: 6.5 overall with 6.0 in each element.

View the other English language qualifications that we accept.

If you do not currently meet the level required for your programme, we offer intensive pre-sessional English language courses, designed to take you to the level of English ability and skill required for your studies here.

Credit transfer

The University of Surrey recognises that many students enter their higher education course with valuable knowledge and skills developed through a range of professional, vocational and community contexts. If this applies to you, a process called recognition of prior learning (RPL) may allow you to enter your course at a point appropriate to your previous learning and experience, or to join the start of a course without the formal entry requirements. This means that you may be exempt from certain elements of study in the course for which you have applied and be awarded credit based on your previous qualifications/experience. There are restrictions on RPL for some courses and fees may be payable for certain claims. 

Please see the code of practice for recognition of prior learning and prior credit: taught programmes (PDF) for further information. Please email Admissions with any queries. International Pre-mastersThis one or two-semester pathway programme for international students leads to a wide range of postgraduate degrees.

Fees

START DATE: OCTOBER 2022

Full-time – 1 year

UK£10,900

Overseas£19,200

Part-time – 2 years

UK£5,500

Overseas£9,600

Please note:

  • These fees apply to students commencing study in the academic year 2022-23 only. Fees for new starters are reviewed annually.
  • If you are on a two-year or three-year part-time structured masters course, the annual fee is payable in Year 1 and Year 2 of the course.

Additional costs

There are associated costs with this programme: 

Books/stationery/admin:

  • £35/£75 – STATA software licence (6 or 12 months)
  • £35 – Eviews student software licence (free lite version available).

Grand total: £70-110.

Funding

You may be able to borrow money to help pay your tuition fees and support you with your living costs. Find out more about postgraduate student finance.

CourseStatus
Economics and Finance MScFull-time, 12 months, October 2022Applications openClosing date: Friday 22 July 2022
Economics and Finance MScPart-time, 24 months, October 2022Applications openClosing date: Friday 22 July 2022

Admission information

Our postgraduate admissions policy* provides the basis for admissions practice across the University and gives a framework for how we encourage, consider applications and admit students. You can also read our postgraduate applicant guidance.

When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations, and our terms and conditions. These terms and conditions are provided in two stages: first when we make an offer and second when students who have accepted their offers register to study at the University. View an example of our offer terms and conditions and our generic registration terms and conditions (PDF) as a guide as to what to expect.
 
Please note: our offer terms and conditions will generally be available in the September of the calendar year prior to the year in which you begin your studies. Our registration terms and conditions will vary to take into account specifics of your course and changes for the specific academic year.

This online prospectus has been prepared and published in advance of the academic year to which it applies. The University of Surrey has used its reasonable efforts to ensure that the information is accurate at the time of publishing, but changes (for example to course content or additional costs) may occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for a course with us. 

Further, in light of the COVID-19 pandemic, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2022/23. These changes include the implementation of a hybrid teaching approach during 2022/23.  Detailed information on all changes is available at our dedicated course changes webpage. This webpage sets out information relating to general University changes, and will also direct you to consider additional information relating to specific programmes.

For more information about the cost of living in Luxembourg, please visit the SEVE “Students and money” pages.

masters in quantitative economics salary

The median salary for a econometrics and quantitative economics grad is $116,020 per year. This is based on the weighted average of the most common careers associated with the major.

This is 191% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,522,400 after 20 years!

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