Lancaster University MiF: Detailed Overview

Table of Content

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Avg. GMAT

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Work Experience

£46K

Avg. Cost of Study

12

Months Duration 

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Avg. Salary

Introduction to MiF at Lancaster University

Organisations in the financial management sector require industry professionals with specialist knowledge of financial markets and expertise in investments, financial instruments and risk management. The one-year MSc Finance programme is tailored to these industry requirements and is designed to give you the crucial skills you will need to launch a successful career in finance.

Their students come from a wide range of disciplines, including quantitative subjects. If you meet minimum performance criteria during your first term, you will have the chance to train for and sit the Chartered Financial Analyst (CFA) Level 1 professional exam during the programme. Upon successful completion of your master’s, you will also automatically secure Association of Chartered Certified Accountants (ACCA) exemptions from most of the Fundamental level papers depending on your module choices during the second term, and 11 exemptions from the Chartered Institute of Management Accountants (CIMA) CGMA qualification.

Why Study MiF at Lancaster University?

46

FT Rankings

58

QS Ranking

There are many reasons to consider studying for a Master’s in Finance at Lancaster University. Here are just a few:

  1. Globally recognized reputation: Lancaster University Management School (LUMS) is consistently ranked among the top business schools in the world. The Master’s in Finance program is ranked 9th in the UK and =46th in the World in the Financial Times Global Master’s in Finance 2023 rankings (pre-experience).

  2. Specialization and flexibility: Lancaster University offers a variety of Master’s programs in finance, each with a different focus. This allows you to tailor your studies to your specific interests and career goals.

    • MSc Finance
    • MSc Investment Management and Financial Analysis
    • MSc Money, Banking and Finance
    • MSc Accounting and Financial Management
    • MSc Economics and Finance
  3. Practical and industry-oriented approach: The Master’s in Finance program at Lancaster University is designed to give you the skills and knowledge you need to succeed in the real world of finance. The program includes a strong emphasis on practical application, with opportunities for internships, research projects, and guest lectures from industry professionals.

  4. Excellent career prospects: Graduates of the Master’s in Finance program at Lancaster University are highly sought-after by employers in a variety of industries, including banking, investment management, consulting, and corporate finance. The program’s alumni have gone on to work for top-tier companies such as Goldman Sachs, Morgan Stanley, McKinsey & Company, and Unilever.

Program Costs + Living Expenses: MiF at Lancaster University

£31,500

Avg. Cost of Tuition

+ 

£15,000

Avg. Living Cost

46,500

Avg. Cost of Study

  • Accommodation: £7,000 per year
  • Food: £3,500 per year
  • Transportation: £1,000 per year
  • Books and other study materials: £1,000 per year
  • Personal expenses: £2,500 per year

Total: £15,000

Employement Prospects: MiF at Lancaster University

    Most Sought-after Jobs

Senior Financial Analyst

Actuary

Investment Banker

Wealth Management Advisor

Chief Financial Officer (CFO)

Financial analyst

Wealth manager

Their MSc graduates go on to work for many different kinds of organisations, in roles such as financial analysts, investment managers, regulators and policymakers, treasury managers, consultants, etc. Some have used their finance expertise to set up their own companies, and other have gone on to accounting- or finance-related academic careers.

Companies that have recruited our Master’s graduates in recent years include: Bangkok Bank, Bank of China, BNP Paribas, Citi, Deloitte, Deutsche Bank, EY, Grant Thornton, HSBC, JPMorgan Chase, KPMG, PwC, Standard Chartered and UBS.

Eligibility Criteria for MiF at Lancaster University

2:1 Hons degree (UK or equivalent) in Finance, Accounting, Economics or other business-related subject. Graduates in non-business areas with strong quantitative elements may also be considered.

If you have studied outside of the UK, we would advise you to check our list of international qualifications before submitting your application.

They may ask you to provide a recognised English language qualification, dependent upon your nationality and where you have studied previously.

They normally require an IELTS (Academic) Test with an overall score of at least 6.5, and a minimum of 6.0 in each element of the test. We also consider other English language qualifications.

Documents required: MiF at Lancaster University

  • LOR:References required
  • Degree certificates and transcripts of previous higher education (college/university) degrees
  • Personal Statement
  • Proof of English Language Proficiency

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Scholarships Available: MiF at Lancaster University

You may be eligible for the following funding opportunities, depending on your fee status and course. You will be automatically considered for our main scholarships and bursaries when you apply, so there’s nothing extra that you need to do.

SchemeBased onAmount
Lancaster Master’s ScholarshipBased onEntry gradesAmountUp to £5,000
Lancaster Global Scholarship – Master’sBased onEntry gradesAmount£5,000 in your first year of study.
Management School MBA ScholarshipBased onEntry grades and interviewAmountUp to £16,000
Alumni Loyalty ScholarshipBased onLancaster alumni statusAmount10% fee discount
Management School Master’s ScholarshipBased onEntry gradesAmountUp to £8,300 in your first year of study

Specializations & Electives Offered

You will study a range of modules as part of your course.

Core

  • Financial Markets
  • Foundations of Finance
  • Introduction to Accounting
  • Introduction to Finance
  • Introduction to Financial Markets
  • Introduction to Quantitative Methods
  • Principles of Financial Reporting
  • Quantitative Methods for Finance

Electives

  • Advanced Corporate Finance
  • Advanced Investment Management
  • Advanced Management Accounting
  • Behavioural Finance
  • Derivatives Pricing
  • Dissertation
  • Dissertation: Accounting OR Finance (with CFA Level 1 Training)
  • Dissertation: Advanced Topics in Accounting
  • Dissertation: Advanced Topics in Corporate Finance
  • Dissertation:Advanced Topics in Investment Strategies, Mutual Funds and Hedge Funds
  • Financial Data Platforms
  • Financial Econometrics
  • Financial Reporting for Complex Entities
  • Financial Statement Analysis
  • Fixed Income Markets
  • Python Programming for Data Analysis

FAQs about MiF at Lancaster University

The entry requirements for the MSc Finance course are a strong undergraduate degree in a relevant subject (e.g., economics, finance, mathematics) and a minimum of a 2:1 honours degree. Applicants are also required to have a strong quantitative aptitude and to demonstrate good communication and interpersonal skills.

Graduates of the MSc Finance course have a wide range of career options available to them. They can work in a variety of roles in the financial sector, such as investment banking, asset management, corporate finance, and financial risk management. They can also work in non-financial sectors, such as consulting, public policy, and healthcare.

Lancaster University offers a number of scholarships and funding opportunities for international students. 

The University of Lancaster has a number of state-of-the-art facilities and resources available to students on the MSc Finance course. These include a range of computer labs, Bloomberg terminals, and libraries. The University also has a strong network of alumni and industry partners, which can provide students with valuable career advice and networking opportunities.

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