Finance, Technology and Policy MSc
Study modes: Full-time
How well financial markets work is critical to the lives of everyone in a modern economy. The functions markets perform are vital for the development of transparent, informationally efficient and fair financial systems. Market functions, such as liquidity and price discovery, hold significant societal impacts. Technology has fuelled the rise of ultra-fast high-tech, opaque trading venues and expanded access to financial services across the globe. While there are positive aspects to these changes, the emergence of new technology-driven paradigms has also increased concerns about the integrity and fairness of financial systems. Concurrently, the pace of technological transformation in financial services and markets has led to the emergence of a knowledge gap in the fast-growing intersection between finance and technology.
Our MSc in Finance, Technology and Policy is developed as an interdisciplinary response to this knowledge gap and as a platform to evaluate and debate the impact of technology on the financial services industry and financial markets. The programme offers a unique degree sitting at the intersection of the three most important drivers of a modern economy – financial services/markets, technology and policy.
This is the first programme of its type in the world and is focused on understanding and exploiting the broader links between finance services and technology on the one hand, and policy and the technological transformation of the financial markets and services on the other. The programme is also unique in the sense that it directly responds to a knowledge gap in the global workforce, one that is emerging due to the fast pace of changes in the modern global economy.
The programme design ensures that courses complement one another. Courses are designed to provide you with a detailed analysis of modern (financial) markets and the transformation of the financial services industry against the backdrop of technological and policy innovations. While our MSc offers you an unvarnished view of the functioning of existing financial market and financial services structures, it also advances criticisms of the current set up and offers the basis for the development of alternative markets and financial services products.
The programme applies principles of financial economics, sociology/philosophy, and practical programming/machine learning and big data analysis to help you focus on solving real problems and developing the skillsets that are relevant for employers now and in the future. You will also have the opportunity to tailor your degree to include other relevant aspects of operating within the financial technology space. Courses specifically designed for the programme further examine design, entrepreneurship and innovation, legal and the human-computer interface issues. You will work with industry partners to develop cutting edge solutions to live challenges as part of student consultancy projects sponsored by financial institutions.
You will be required enroll on eight compulsory courses worth 90 credits and option courses worth 30 credits. You will also write a dissertation worth 60 credits.
Learning will be primarily through formal lectures, seminars, workshops, flipped classes, practical computer labs sessions, student presentations, guest speakers, master classes, research assignments, and the research dissertation. Delivery of the taught element of the programme is primarily via a combination of lectures, seminars and workshops.
Assessment methods include examinations, reports, essays and team presentations.
Find out more about compulsory and optional courses
We link to the latest information available. Please note that this may be for a previous academic year and should be considered indicative.
|MSc||Finance, Technology and Policy||1 Year||Full-time||Programme structure 2019/20|
- Demonstrate an advanced knowledge of key theoretical finance and economic concepts underpinning financial markets.
- Critically compare, contrast and evaluate the different machine learning techniques in terms of their applicability to solving problems in finance. Demonstrate by using appropriate software to apply techniques to a given set of data.
- Have an in-depth understanding of the relationships existing among the key global financial systems; for example, how bond yields dictate investment in equity and its derivatives.
- Conduct valuation of financial instruments and projects within relevant regulatory contexts.
- Trade financial instruments on exchanges/trading platforms by using state of the art software packages and harnessing the power of relevant real-time financial data.
- Demonstrate an appreciation of the role played by policies in shaping financial services delivery and financial markets.
- Critically evaluate markets by being able to competently present arguments on the criticisms of the current set up and offer the basis for the development of alternative technology-based markets and financial services products.
- Demonstrate an appreciation of the social dimensions of technology use in financial markets.
MSc Finance, Technology and Policy provides training for pursuing careers in the industry/private (including voluntary) sector, public sector and further study or employment in academic institutions.
Specifically, graduates from this programme will be enable you to apply for jobs in, for example, the following (the list is not exhaustive):
- Financial technology products-linked firms (e.g. Seedrs, as product developers/managers)
- Trading/investment desks and back offices of financial institutions such as Barclays Capital, Baillie Gifford and RBS (as fund managers and product development team leads/members).
- Market and Consumer Research Centres/firms
- Regulatory agencies/government ministries and departments (e.g. the Financial Conduct Authority, the Prudential Regulatory Authority and the Bank of England)
- Academia via further research at PhD level
Entrance to our MSc programmes is strongly competitive. You can increase your chances of a successful application by exceeding the minimum programme requirements.
A UK first-class or 2:1 honours degree in one of the subjects below, or an equivalent overseas qualification.
- An undergraduate honours degree in finance, economics, engineering or informatics is normally required.
- You will need to have taken and passed at least one course with significant statistical analysis and/or programming as part of your undergraduate degree or be able to demonstrate that you have relevant work experience in the use of statistical and/or programming software packages.
- Candidates with a first class or 2:1 honours degree in other disciplines will be considered on an individual basis if some level of finance/economics/informatics content formed part of the degree and you can demonstrate a high level of quantitative ability through your degree results.
- Candidates with a first class or 2:1 honours degree in an unrelated subject area but have relevant work experience will be considered on an individual basis.
- Candidates with a first class or 2:1 honours degree in an unrelated subject area but who have relevant professional qualifications will be given due consideration on an individual basis.
- If you are a mature candidate with significant finance and tech industry experience or with relevant professional qualifications, you will be given due consideration on an individual basis.
Check whether your international qualifications meet our general entry requirements:
English language requirements
You must demonstrate a level of English language competency at a level that will enable you to succeed in your studies, regardless of your nationality or country of residence.
English language tests
We accept the following English language qualifications at the grades specified:
IELTS: total 7.0 (at least 6.0 in each module)
TOEFL-iBT: total 100 (at least 20 in each module)
PTE Academic: total 67 (at least 56 in each of the Communicative Skills sections)
CAE and CPE: total 185 (at least 169 in each module)
Trinity ISE: ISE III with a pass in all four components
Your English language qualification must be no more than three and a half years old from the start date of the programme you are applying to study, unless you are using IELTS, TOEFL, PTE Academic or Trinity ISE, in which case it must be no more than two years old.
Degrees taught and assessed in English
We also accept an undergraduate or postgraduate degree that has been taught and assessed in English in a majority English speaking country, as defined by UK Visas and Immigration:
We also accept a degree that has been taught and assessed in English from a university on our list of approved universities in non-majority English speaking countries.
If you are not a national of a majority English speaking country, then your degree must be no more than three and a half years old at the beginning of your programme of study.*
(*Revised 8/11/2018 to provide more accurate information on English language qualifications expiry dates. Revised 22/03/2019 to provide more accurate/comprehensive information.)
Find out more about our language requirements:
Tuition fee deposit
If you receive an offer of admission, either unconditional or conditional,you will be asked to pay a tuition fee deposit of £1,500 within 28 days to secure your place on the programme. The fee does not include the cost of text books for core and options courses so you should budget an additional amount for this required expenditure.
See the programme website for more information on fees and deposits:
|MSc||Finance, Technology and Policy||1 Year||Full-time||Tuition fees|
UK government postgraduate loans
If you live in the UK, you may be able to apply for a postgraduate loan from one of the UK’s governments. The type and amount of financial support you are eligible for will depend on your programme, the duration of your studies, and your residency status. (Programmes studied on a part-time intermittent basis are not eligible.)
Other funding opportunities
Search for scholarships and funding opportunities:
- The University of Edinburgh Business School
- 29 Buccleuch Place
- Central Campus
- EH8 9JS
Select your programme and preferred start date to begin your application.
MSc Finance, Technology and Policy - 1 Year (Full-time)
Due to high demand, the School operates a number of selection deadlines. We will make a small number of offers to the most outstanding candidates on an ongoing basis, but hold the majority of applications until the next published selection deadline when we will offer a proportion of the places available to applicants selected through the competitive process described on the School website.
Deadlines for applicants applying to study in 2019/20:
|Round||Application deadline||Decisions by|
|1||17 October 2018||6 December 2018|
|2||12 December 2018||14 February 2019|
|3||20 February 2019||11 April 2019|
|4||17 April 2019||6 June 2019|
|5||12 June 2019||25 July 2019|
Full details on the admissions process and the selection deadlines are available on the Business School website:
- The University of Edinburgh Business School
- 29 Buccleuch Place
- Central Campus
- EH8 9JS