MSc Economic and Financial Analysis

What challenges do future economies face, and how should we respond? Help us find the answers and explore new perspectives at Manchester Met.

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Overview

Learn from the experts shaping debates on topics like Brexit, regional economic development, and sports governance. Their real-world policy making feeds directly into your course.

Working with academics, communities, and businesses, we carry out applied research that shapes and benefits our economy. 

We’ve designed this course for graduates who studied economics, finance or business-related degrees at undergraduate level. But it will also suit you if you have other relevant experience.

Sharing our expertise

Our teaching goes beyond most university economics courses by exploring both perspectives of economics and finance. Across all units, you’ll learn from experts with academic, policy and industry experience in the UK and Europe.

First, we’ll encourage you to challenge assumptions underlying mainstream models of economics. Then, you’ll apply your understanding of research and techniques to a range of assignments.

From quantitative modelling to cryptocurrencies, the diverse areas develop your critical thinking skills and ability to deliver a meaningful argument.

When you graduate, you’ll be able to confidently assess a new financial product or innovation for its chances of success – as well as its impact on the financial system.

You could develop the skills you need for roles in banking, finance, analysis, government and regional development.

Features and Benefits

  • Economics and finance experts – learn from expert academics and leading professionals who advise organisations like AJ Bell, the United Nations, UEFA and the World Trade Organization.
  • Location – Manchester boasts one of the largest financial services economies in Europe. You’ll be surrounded by renowned companies and a community of financial professionals.
  • Leading industry speakers – we invite business leaders from various industries onto campus to share their knowledge with our students.
  • Free access to Bloomberg Terminal & Strata – leading global platforms used by the world’s banks, corporations and government agencies for news, data, analytics and research.
  • Future Economies University Research Centre – we partner with public and private companies such as AJ Bell to create original research with purpose and impact.
  • Postgraduate internship programme – an optional internship allows you to gain work experience in a business environment so you can put your learning into action.

“The lecturers had a fantastic hands-on approach that helped me develop skills that I needed and still use today. They truly made a difference in the masters and in my career.” Ignacio Guzman, MSc Economic and Financial Analysis

Accreditations, Awards and Endorsements

“My tutors showed enthusiasm for the course and ensured the right tools were in place. Most importantly they focused on real world applications and job preparedness.”

Adedayo Alao, MSc Economic and Financial Analysis

Career Prospects

We’re a double-accredited business school recognised for our global management education. This means your course is internationally recognised. 

There’s high demand for economics and finance graduates with the skills to analyse, interpret and interrogate a range of complex data. You could apply your critical and analytical skills to roles in banks, hedge funds, research consultancies and think tanks in the UK and overseas.

Graduates from this programme have applied their skills to a variety of careers in both public and private sectors, including:

They’ve also kick-started their careers with the Government Economics Service, the Office of National Statistics, the Department of Work and Pensions and the Bank of England. 

Or, if a certain area captures your attention, you could delve deeper with a PhD.

Learn more about graduate careers

Entry requirements

You will have a minimum 2:2 UK undergraduate honours degree (or international equivalent), in a business, economics or finance related subject.

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.

Overseas applicants will require IELTS with an overall score of 6.5 with no less than 5.5 in any category, or an equivalent accepted English qualification. Accepted English qualifications can be viewed here.

MEET THE EXPERTS

“We teach a mainstream core curriculum in economics, international business; the impact of sports governance and the development of sport as a business.  But as a modern university, we go much beyond that…”
 
Listen to what Donna Lee, Head of Department, has to say about studying at Manchester Metropolitan University…

Course details

Advanced analytical techniques offer the power to find the answers to complex questions. With a combination of technical skill and critical thinking, you can interrogate data for valuable insights – forecasting results, assessing policies and evaluating performance. Put simply, it’s a toolkit with the impact that can take you far in a range of specialist careers.

With us, you’ll explore the world from a variety of perspectives, going beyond the limited vision of some economics courses. Along the way, you’ll have the expert guidance of researchers working at the forefront of economic analysis, shaping debates on real-world issues like Brexit, economic development and sports governance.

You’ll study seven core topics, covering areas including Behavioural Economics and Policy Evaluation, as well as two option units – allowing you to tailor your course to your interests, whether taking a specialist unit in an area like Intervention Design and Social Media Analysis, studying a language or joining an organisation on a short-term internship.

You’ll study two units at a time, with five-week blocks of classes plus a week or two to complete your assignments. From there, you’ll work on a consultancy based dissertation project – initially developing your ideas and proposing an approach, before conducting your research and producing your findings.

Read more about this year of study

Core Units

Pluralist Economic Analysis

This unit will push and support you to look at the world in a more questioning and critical manner. You will use realist and plural approaches to economic ideas to address important perennial difficult (“wicked”) problems. The unit is then the perfect vehicle in which to develop “Masters level” critical analysis and develop an understanding and application of economic language in the confrontation of principles and perspectives fundamental to their development throughout the course.  Basing our course on pluralist approaches and concepts   means it is now on the Economic Pluralism list of accredited courses.

Financial Economics

You will develop your understanding of financial risk faced by modern organisations across a range of sectors. You will identify and price various financial instruments (derivatives) that can be used to manage financial risk. You will also explore historical examples of both corporate and market failings and how said instruments could have been employed to better protect affected corporates, governments and stakeholders. We will place particular emphasis on the bigger risk-picture, namely the; macroeconomic context, financial strategy, instruments, behavioural finance, the impact of regulation and corporate reporting. The assessment will be a 3,000 word individual assignment based on a case study through which you will have to critically explore market practices and instruments.

Behavioural Economics

The Behavioural Economics Unit is taught in an intensive block to give students a learning experience comparable to those in top firms and the Civil Service, in this unit you will learn about behavioural decision making, generating behavioural economic models and behavioural fintech, including cryptocurrency and intervention design. This unit is assessed entirely by coursework where you will use live research data to plan a behavioural intervention, design an investment product or conduct a relevant consultancy type project.

Quantitative Modelling

This unit enables you to build core statistical analysis skills, from understanding distributions, through basic regressions with interactions to Panel estimators. We will not do this in the standard disembodied fashion with student datasets. We will use authentic data to replicate a published piece of work on social mobility and the influence of parents on their children’s outcomes.  For the applied assignment using real data. For example, in the past we have used data on a range of OECD nations to explore how social transfers and income taxes combine to partially offset growing market inequality but also cause redistribution paradoxes.

Policy Evaluation

This unit builds on your learning in Quantitative modelling and Intervention Design and Social Media Analysis in that you will now examine the evaluation of policy and plans using specific statistical methods, such as difference-in-difference, employed by leading firm and state analysists. These tools will be linked to applied examples. For the assignment, we will give you real data on a current issue to address using tools explored in the unit, but there will be space to go further than this.

Financial Statistics

In this unit you will learn how to interrogate real world financial data typically in as a time series. The underlying mathematical theory and principles will be explored but with particular emphasis on real world examples using Stata to apply the theoretical learning. This unit will be particularly important for students who envisage working with time series (including forecasting) financial data in the dissertation research / postgraduate careers. Time series data and techniques are additionally used in a wide range of fields. Your assignment will be a 3,000 word individual assignment based on a case study. The case study will typically be provision of real financial data from, e.g., capital markets, share prices or macroeconomic data. You will be required to interrogate this data using the methods used in class to better describe, model and predict future out-of-sample forecasts.

Economic and Financial Analysis Dissertation

A 15,000 word research project on a topic related to your programme, reading and interests.

You are expected to identify, structure, frame and investigate a complex finance, institutional or policy issue using quantitative techniques, unless there is a strong reason to use other methods.

Likely Optional Units

Advanced Finance

You will develop an understanding of advanced corporate finance techniques, both theoretical and applied across a range of sectors. You will also examine the principles of advanced valuation techniques building upon your prior learning where relevant, although there is no prerequisite knowledge. The learning will focus upon equity and fixed income (bonds) advanced valuation techniques as well as the alt investment space including but not limited to cryptocurrencies and the disruptive impact of Blockchain and FinTech. The assessment will be a 3,000 word individual assignment based on a case study critically exploring financial products and practices.

Crypto Currency, Banking Crisis and Human Behaviour

In this unit you will explore the 2007-09 banking crisis including the causes and consequences. The emphasis of study will be on a post crisis world including the development of behavioural finance as an alternative means to better describe (and predict) the wider economy as well as the birth of Fin-Tech, with particular emphasis on the impact and future of Blockchain technology and cryptocurrencies. Your assignment will be a 3,000 word individual assignment based on a case study that will typically be the analysis of a company, country, market or asset class pre, during and post crisis. You will then need to apply critically the theories of behavioural finance and Fin-tech.

Intervention Design and Social Media Analysis

This unit comprises two parts: The first part will equip students with a framework for analysing public policy and business problems and designing appropriate solutions, with reference to real world case studies. This will be assessed by a short report on a policy problem of the student’s choice.

The second part will examine the use of social media as a data source. You will use variety of techniques to gather and analyse publically available data sources, such as tweets, blogs, YouTube comments etc. You will use social media data to address a research problem/issue, and produce a portfolio, which will inform policy or business decision making.

Assessment weightings and contact hours

10 credits equates to 100 hours of study, which is a combination of lectures, seminars and practical sessions, and independent study. A masters qualification typically comprises of 180 credits, a PGDip 120 credits, a PGCert 60 credits and an MFA 300 credits. The exact composition of your study time and assessments for the course will vary according to your option choices and style of learning, but it could be:

Study
Assessment

Placement options

The Postgraduate Internship Programme is available to all masters students at the Business School.

With a short-term internship, you’ll not only show potential employers that you’re ready to get to work, you’ll also gain some vital experience and make some valuable connections for your professional network.

While an internship involves at least 100 hours of work – starting any time between November and early August – how you do those hours is flexible. You could work full time during a break in your studies, or you might do a day or two a week throughout term time, fitting it around your studies.

Employer testimonial 

"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
Former Head of Research & Policy, Greater Manchester Chamber of Commerce
Current Reader in Economic Analytics at Manchester Metropolitan University Business School

Alumni testimonial

"I was offered an internship at the Chamber of Commerce while I was writing my dissertation which helped me get the experience I needed to take a part-time research position at Manchester Metropolitan after I graduated."

Sabaa Jahangir
MSc Economic and Financial Analysis
Research Assistant in Behavioural Science, Future Economies

Department of Economics, Policy and International Business

Our Economics, Policy and International Business Department advances knowledge on the issues that matter on a contemporary global stage.

The department is committed to teaching excellence and is led by world-class professionals and academic economists. Reacting to the global needs of the digital age, its aim is to enable students to explore the vast areas influenced by economics and policy.

More about the department

Taught by experts

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.

Meet our expert staff

Fees

UK and EU students

UK and EU students: Full-time fee: £9,250 per year. Tuition fees will remain the same for each year of your course providing you complete it in the normal timeframe (no repeat years or breaks in study).

UK and EU students: Part-time fee: £1542 per 30 credits studied per year. Tuition fees will remain the same for each year of your course providing you complete it in the normal timeframe (no repeat years or breaks in study).

Non-EU and Channel Island students

Non-EU international and Channel Island students: Full-time fee: £17,000 per year. Tuition fees will remain the same for each year of your course providing you complete it in the normal timeframe (no repeat years or breaks in study).

Non-EU international and Channel Island students: Part-time fee: £2834 per 30 credits studied per year. Tuition fees will remain the same for each year of your course providing you complete it in the normal timeframe (no repeat years or breaks in study).

Additional Information

A Masters qualification typically comprises 180 credits, a PGDip 120 credits, a PGCert 60 credits, and an MFA 300 credits. Tuition fees will remain the same for each year of study provided the course is completed in the normal timeframe (no repeat years or breaks in study).

Additional costs

Specialist Costs

All of the books required for the course are available from the library. The University also has PC labs and a laptop loan service. However, many students choose to buy some of the core textbooks for the course and/or a laptop. Students may also need to print their assignments and other documents. Campus printing costs start from 5p per page. Estimated costs are £300 for a laptop up to £100 each year for books and printing.

Placement Costs

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Professional Costs

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Other Costs

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Postgraduate Loan Scheme

Loans of up to £10,906 for many Postgraduate Courses

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Alumni Loyalty Discount

Rewarding our graduates

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Want to know more?

How to apply

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

If you are unable to apply online, you can apply for postgraduate taught courses by completing the postgraduate application form. There are exceptions for some professional courses – the course information on our on-line prospectus will give you more information in these cases.

Please note: to apply for this course, you only need to provide one reference.

You can review our current Terms and Conditions before you make your application. If you are successful with your application, we will send you up to date information alongside your offer letter.

MANCHESTER IS YOUR CITY. BE PART OF IT.

Programme Review
Our programmes undergo an annual review and major review (normally at 6 year intervals) to ensure an up-to-date curriculum supported by the latest online learning technology. For further information on when we may make changes to our programmes, please see the changes section of our Terms and Conditions.

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. Please check back to the online prospectus before making an application to us to access the most up to date information for your chosen course of study.

Confirmation of Regulator
The Manchester Metropolitan University is regulated by the Office for Students (OfS). The OfS is the independent regulator of higher education in England. More information on the role of the OfS and its regulatory framework can be found at officeforstudents.org.uk.

All higher education providers registered with the OfS must have a student protection plan in place. The student protection plan sets out what students can expect to happen should a course, campus, or institution close. Access our current Student Protection Plan.

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