Manchester Metropolitan University

MSc/PgDip/PgCert

Economic and Financial Analysis

2017 entry

Features and benefits of the course

  • You will be taught in the internationally recognised multi-award-winning Business Schoolon All Saints Campus. Watch the video to find out more.
  • As a student of the Accounting, Finance and Economics Department, you will have complementary access to Bloomberg, the leading global platform used by the world’s leading banks, corporations and government agencies for news, data, analytics and research.  
  • Read our new economics blog at: www.business.mmu.ac.uk/eomics
  • There are opportunities to focus your assignments on your employment goals.
  • You will have extensive access to real world data and academic journals.
  • Our academic team includes internationally renowned economists and finance specialists
  • Timetabled lectures and seminars are complemented by the guest lecture series run by the Accounting, Finance and Economics Society

Adding value to your employability skills

Throughout your studies there is strong provision for employability and gaining graduate employment through our Careers and Employability Hub and a range of additional activities that include:

Live business project 

Many employers require graduates who possess a range of skills and knowledge, including experience in the workplace. Masters students of the Business School take a unit called Investigating Business Practice, where you will act as a consultant for a real business. This will develop your project management, team working, client management and business consultancy skills.

In groups, you will be matched with a business organisation that is seeking solutions to an issue that is related to your subject area. You will be expected to meet with the client company, identify the key issues that the client is facing and be required to scope out their specific requirements and business needs, delegate roles and tasks within your team and then respond professionally to this brief, showcasing strategies and proposals that they can realistically implement into their business. 

Behind-the-scenes business visits

As a Masters student of the Business School, you have the opportunity to participate in a number of free business visits that allow you to see behind the scenes of real companies and learn about how these businesses are structured and operate. The business visit programme varies each year, the following are indicative of the type of business visits that are available:

  • Manchester United Football Club – museum and stadium tour plus guest speaker on business operations
  • Robinson’s Brewery – tour of 175 year old family run brewery and guest speaker
  • BBC at MediaCityUK - tour of BBC studios at MediaCityUK with an insight into how TV broadcasting works.
  • Jaguar LandRover - tour of the LandRover factory including every stage of the assembly process to the finished product.

Professional development weeks

The Faculty of Business and Law hosts two Professional Development Weeks annually. Free and open to all students, this includes a festival of skills-development activities, practical support in developing your CV and employability skills, and the opportunity to network with actively recruiting graduate employers. 

Expert guest lectures

A number of guest lectures take place each year with leading speakers from industry. The Business School shares extensive links with over 25 professional bodies including the Chartered Management Institute and the Institute of Leadership and Management. We invite speakers from various industries onto campus as guest lecturers to share their knowledge with current Masters students. 

Accreditations, Awards and Endorsements

Placement options

Postgraduate internship programme

Employers look favourably on candidates who can demonstrate relevant and practical work experience. All Masters students at the Business School are encouraged to undertake an optional, short-term internship with a real business in order to develop relevant experience relating to their studies. 

The Postgraduate Internship Programme is an optional unit which allows you to gain up to fourteen weeks of work experience in a business environment; putting your studies into practical application, at the same time as gaining practice credits, which are recorded on your degree qualification transcript. 

A dedicated Placement and Project Coordinator will guide you through this process, by sourcing and advertising suitable roles throughout the year, offering 1-2-1 application advice, and supporting you to make speculative applications to source your own Internships. 

Internships can be part-time or full-time but must fit around your scheduled classes.

Employer testimonial - Greater Manchester Chamber of Commerce

"We have established an excellent relationship with academics at Manchester Met who have collaborated with the Chambers on a variety of projects. A number of good MSc Economic and Financial Analysis students have also gained internships with the Greater Manchester Chambers of Commerce Research and Analytics Team. 

This is the largest Chamber of Commerce in the UK, and the research and analytics team provides high-quality research and cutting-edge insight and intelligence on a variety of aspects of the British and world economy. Interns have received training on SQL and Excel VBA to support their work on wide variety of topics, which have included Devolution in Greater Manchester, Business Rates, the Quarterly Economic Survey and the gender pay gap.

The students’ ability to absorb quickly this training and contribute to outcomes is because of the applied statistical and economics knowledge and skills the students have acquired during their MSc. These are great assets. In fact, we have subsequently offered a number of the students full time positions at the end of their internships."

Christian Spence
Head of Research & Policy
Greater Manchester Chamber of Commerce

About the course

Our postgraduate programmes aim to combine academic knowledge from leading research in the area with the professional skills that employers are seeking.

Our research in business brings together a number of synergistic research centres and knowledge clusters and our doctoral school of PhD researchers. 

Industry experienced teaching expertise

Teaching staff on this programme are from the Department of Accounting, Finance and Economics and combine a rich mix of industry qualified and research active academic staff. 

Meet the lecturers: 

Dr Matthew Gobey 

Dr Richard Whittle 

Dr Kat Werner

Mr Gavin Brown 

Typical units of study may include

Year 1

Units on the programme are designed to develop your critical thinking on key areas whilst allowing you to apply your learning into practice by undertaking a live business client project, before embarking on a consultancy based dissertation. 

You will study Behavioural Finance, a subject that is still not common on Master’s programmes and which is becoming a critical skill for market analysis and to ensure you meet regulators’ expectations. You will additionally explore banking systems and financial instruments in terms of pricing, strategies and economic contexts.  Systems and instruments are explored for fundamental systemic and regulatory weaknesses.

You will study the following units: 

  • Behavioural Economics and Financial Decision Making (30 credits)
  • Financial Economics and The Banking Crisis (30 credits)
  • Economic and Quantitative Analysis (30 credits)
  • Investigating Business Practice (15 credits)
  • Research Methods (15 credits)
  • Dissertation (60 credits)

Behavioural Economics and Financial Decision-Making is a cutting-edge subject that is still rare on many UK business school Master’s programmes and which is becoming the key skill in regulatory positions indeed, the FSA job adverts state (as discussed in IFA online); 'effective regulation requires a realistic understanding of consumer and firm behaviour'. Practitioners who have studied behavioural finance at MMU have found the course exceptionally useful and have provided feedback such as: 

“From a practitioner point of view, as someone who runs a business I’m finding this particular module absolutely fascinating and so relevant to what I do in understanding not only my clients but also other people within financial services” Yvonne Goodwin (2013)

Economic and Quantitative Analysis - There are two strands to this unit. You will examine key economic concepts and applied developments in areas such as employment, innovation, rationality, taxation, growth and the limits of markets. We use the background of the financial crisis to analyse how to refocus economic discussions and models in an exciting time for new ideas and voices. 

You will also learn key statistical techniques and how to implement them using the sophisticated STATA statistics programme. Mastery of this programme should significantly improve academic and employment prospects given that same programme is used by analysis in Governments and financial and consultancy companies. The skills learnt will also be invaluable in supporting your research for your dissertation.

Financial Economics and the Banking Crisis is a contemporary unit that will give you a complete understanding of the causes, effects, legacy and possible solutions to the 2007-09 global financial crisis. Specifically we will explain the macroeconomic consequences of the crisis but unlike most postgraduate units we will link this to the features of the derivatives that made much of this financial crisis possible. In so doing we will review complex derivatives, their structure, risks and how they are both valued and priced. Instruments covered will include (but will not be limited to); credit default swaps (CDS), collateralised debt obligations (CDO), mortgage backed securities (MBS) and collateralised mortgage obligations (CMO). 

In addition to this technical knowledge we will examine taxation regulation and anti-trust policy within the context of the financial system as well as the mechanics of exchange rate and interest rate economics under the assumption of no-arbitrage. Particular emphasis will also be given to the operation of the rating agencies within this system along with the best practice principles of global credit across the capital markets. The unit concludes by introducing advanced valuation and securitisation techniques (Black Scholes option pricing, Treynor-Black strategic asset allocation and the Greek risk measures) as well as looking to the future to evaluate whether a similar crisis could / will occur again with reference to the Black Swan and extreme long tail event theories.

Investigating Business Practice - This is your opportunity to gain real consultancy skills with a live business client. You will be matched with a business partner and in groups, you will have to investigate a business issue for your client. This will involve setting clear objectives and goals, scoping out the project, assigning roles and responsibilities before undertaking live research and synthesising your theoretical knowledge in order to apply it to the client’s issue. You will then develop a proposal, considering factors concerning the client’s issue, before drawing up and presenting a set of recommendations that the client can realistically, apply to their business as a solution.  This unit provides you with real-life experience in managing a client-consultant relationship, enhancing your C.V and developing your employability skills by allowing you to experience the realities of managing teams, projects and expectations. 

Research Methods - the overall aim unit is to introduce you to methodologies and philosophical approaches to help develop your critical and reflective skills when researching (unfamiliar) topics in your future career. Firstly the unit should help you appreciate the key debates in the philosophy and epistemology of science. Secondly, you will be introduced to the use and presentation of qualitative and quantitative data and finally be able to justify the relationship between your philosophical approach and choices of qualitative and quantitative methods. 

Dissertation - Through the content and activities of the preceding units you should be well prepared for your Dissertation. To successfully complete the Masters award, you are required to undertake a 15,000 word dissertation, supported by an individual tutor. This piece of individual work can be used to inform research in industry or sector that is aligned to your management career aspirations.

This will normally take the form of an empirical piece of research conducted with academic guidance and supervision. The internationally recognised research expertise of the economics and finance department will aid you enormously in successful completion of a high standard research project. 

You may wish to do one of two types of dissertation:

  • Empirically based: Answering distinct research questions, triggered by an issue of strategic or operational importance, mainly by conducting fieldwork (collecting primary data), with the objective of drawing out the implications for the wider managerial professional practice.
  • Library based: This would involve answering distinct research questions, which are triggered by an issue of strategic or operational importance, mainly by gathering secondary data and doing a meta-analysis of published interpretations of existing data sets, with the objective of drawing out the implications for the wider managerial professional practice.

Programme Review

Each programme of study that we offer undergoes an annual review to ensure an up-to-date curriculum supported by the latest online learning technology. In addition, we undertake a major review of the programme, normally at 6-yearly intervals, but this can take place at a more frequent interval where required. Applicants should note that the programme currently provided may be subject to change as a result of the review process. We only make changes where we consider it necessary to do so or where we feel that certain changes are in the best interests of students and to enhance the quality of provision. Occasionally, we have to make changes for reasons outside our control. Where there are changes which may materially affect the current programme content and/or structure, offer holders will be informed.

Assessment details

You will be assessed through research orientated coursework rather than the traditional mix of exams and coursework which do not allow you to focus on your interests. 

Research and academic skills underpin the successful completion of your taught units and dissertation/research project.

Additional Information About this Course

N/A

Teaching Staff

Your studies are supported by a team of committed and enthusiastic teachers and researchers, experts in their chosen field. We also work with external professionals, many of whom are Manchester Met alumni, to enhance your learning and appreciation of the wider subject. Details of departmental staff can be found at: http://www2.mmu.ac.uk/business-school/about-us/our-staff/

Typical entry requirements

Normally a good UK honours degree (minimum 2:2), or international equivalent, in economics, finance or business. If your degree is not in one of these subjects, please contact the Business School to discuss your application.

We also welcome applications from candidates who may not have a degree but do have equivalent professional qualifications or significant relevant experience.

If your first language is not English and your first degree was not taught in English, you must have an English language score of IETLS 6.5 (with no individual element below 5.5) or equivalent such as TOEFL IBT 90. If your IETLS score is 5.5 we may offer you a place on the proviso that you successfully complete an approved English language course at the University’s British Council accredited English Language Centre.

There’s further information for international students on our international website if you’re applying with non-UK qualifications.

How do I apply for this course?

The quickest and most efficient way to apply for this course is to apply online. This way, you can also track your application at each stage of the process.

Apply online now

For more information on how to apply please visit www.mmu.ac.uk/study/postgraduate/apply/

Please note, to apply for this course, you only need to submit one reference. While the application form does ask for two, providing one reference (preferably from an academic institution or an employer), will allow your application to be processed.

Advanced Standing

If your qualifications are relevant, you may be eligible for ‘entry with advanced standing'. This entry route gives academic credit for your current qualifications. 

Please note, advanced standing applications cannot be made using the apply online feature. If this applies to you, please instead complete the Postgraduate Application Form.

Career options after the course

The demand for economics and finance graduates is consistently high and this MSc prepares you for a range of careers in a variety of banking, finance, analysis, local government, regional development and a wide array of further exciting and challenging careers. 

Graduates from this programme have taken up a variety of roles in both public and private sectors. This includes: 

  • Income and Tax Adminstrator at BNY Mellon
  • Business Advocate at The Co-operative Bank
  • Senior Billing Analyst at Britannic Technologies

Gradutes have also gone on to secure employment with the Government Economics Service, the Office of National Statistics, the Department of Work and Pensions and the Bank of England. 

Employer testimonial - Greater Manchester Chamber of Commerce

"We have established an excellent relationship with academics at Manchester Met who have collaborated with the Chambers on a variety of projects. A number of good MSc Economic and Financial Analysis students have also gained internships with the Greater Manchester Chambers of Commerce Research and Analytics Team. 

This is the largest Chamber of Commerce in the UK, and the research and analytics team provides high-quality research and cutting-edge insight and intelligence on a variety of aspects of the British and world economy. Interns have received training on SQL and Excel VBA to support their work on wide variety of topics, which have included Devolution in Greater Manchester, Business Rates, the Quarterly Economic Survey and the gender pay gap.

The students’ ability to absorb quickly this training and contribute to outcomes is because of the applied statistical and economics knowledge and skills the students have acquired during their MSc. These are great assets. In fact, we have subsequently offered a number of the students full time positions at the end of their internships."

Christian Spence

Head of Research & Policy

Greater Manchester Chamber of Commerce

Read a graduate profile

Ata Mubeen, MSc Economic and Financial Analysis

Kimberly Lazo, MSc Economic and Financial Analysis

Dedicated career and employability support

The Faculty of Business and Law’s dedicated Careers and Employability Service is at your disposal during, and up to three years after you graduate.  With a focus on developing and enhancing your employability skills, there is a range of careers support services on offer during your time here including Professional Development Weeks twice a year, where a festival of skill building activities, training and employer networking takes place.

You are encouraged to explore your employment options during your postgraduate qualification and you will have the opportunity to engage with employers through careers fairs, guest speakers and internships. 

Confirmation of Regulator

The Higher Education Funding Council for England is the principal regulator for the University.

Important Notice

This online prospectus provides an overview of our programmes of study and the University. We regularly update our online prospectus so that our published course information is accurate and up to date. Please note that our programmes are subject to review and development on an ongoing basis. Changes may sometimes be necessary. For example, to comply with the requirements of professional or accrediting bodies or as a result of student feedback or external examiners’ reports. We also need to ensure that our courses are dynamic and current and that the content and structure maintain academic standards and enhance the quality of the student experience.

Please check back to the online prospectus before making an application to us.

The provision of education by the University is subject to terms and conditions of enrollment and contract. The current Terms and Conditions Applicable to the provision of the University’s Educational Services are available online. When a student enrolls with us, their study and registration at the University will be governed by various regulations, policies and procedures. It is important that applicants/students familiarize themselves with our Terms and Conditions and the Key Contract Documents referred to within. Applicants will be provided with access to an up to date version at offer stage. This can be found within the Information for Offer Holders document.