The seven taught modules are assessed by examinations and coursework. The taught element of the programme is complemented by a substantial piece of research leading to the completion of a dissertation.
Students will acquire skills in the following areas: giving presentations; team working; report writing; negotiation and IT skills.
Modules taught on this MSc will enable you to develop a wide range of technical and transferable skills and knowledge demanded by graduate employers in banking and finance. Specialist knowledge areas developed on this programme include:
- Understanding of investment valuation and portfolio management, focusing on fixed income securities, pricing of futures and options contracts, performance and risk management
- Application of option pricing models and understanding of trading and hedging strategies
- Understanding of market microstructures including auction and dealer trading systems and the influence of liquidity, inventory and adverse selection on trading costs
- Understanding of key mathematical and statistical techniques underpinning finance and investment models including use of sampling and estimation theory, multiple regression analysis and approximation techniques
- Application of econometric techniques (including time series methods, smoothing techniques, principal components techniques) to modelling financial markets
- Multi-cultural teamwork and presentation skills developed through group-work
- Analytical skills developed through research dissertation
Many of the academics teaching on the programme have previously worked in the finance industry such as in hedge funds, in portfolio management, at The Bank of England or undertaking financial consultancy.
Dr Alfonsina Iona
Laurea in Economics, MSc, PhD
Alfonsina's research in Finance is carried out both at the theoretical and empirical levels. In particular, she studies and develops models of investment where the effects of capital market imperfections contribute to shape the firm’s investment; where corporate investment is affected by the public investment and where capital market imperfections effects may be relaxed by some macroeconomic variables. In this research area she also analyses how corporate governance characteristics affect the firm's financing policies and how these affect the firm's value.
Her research on innovation, instead, focuses on the main determinants of the adoption of innovations by firms and the impact of product, process, technological and managerial innovations on firm performance.
Dr Neophytos Lambertides
BSc, MSc, PhD
My research interests are mainly on the area of asset pricing, credit risk and bankruptcy prediction, option pricing theory, real options and payout policy. My research articles appeared in the Journal of Financial and Quantitative Analysis (forthcoming), Journal of Accounting Auditing and Finance (forthcoming), Abacus, The British Account Review, Managerial Finance. I am on the Editorial Board of the International Journal of Accounting.
Professor Nathan L Joseph
MBA, DIC, PhD
I am an Associate of Chartered Institute of Management Accountants (ACMA) and a Member of the EURO Working Group on Financial Model. I am also Associate Editor for the International Journal of Applied Decision Sciences, and on the Editorial board for International Quarterly Journal in Finance, Finance Letter, and Journal of International Business and Finance.
My current research interests include: Modelling asset pricing; Risk management and asset pricing; Market efficiency and stock price overreaction; Corporate governance and share price impacts.
Professor Jim Steeley
My research is in the area of investments. I have worked mainly on the estimation and dynamic modelling of the UK term structure of interest rates, but I have also published papers on portfolio theory, stock market volatility, equity market integration, stock market seasonality, futures pricing and implied density functions from options. I am on the Editorial Board of the Journal of Bond Trading and Management, and Studies in Economics and Finance.
Dr Antonios Kassanis
BA, MSc, PhD
Antonios joined Aston Business School in September 2012, having previously taught at the University of Birmingham for a number of years. His teaching experience within the Finance curriculum includes courses in International Finance, Foreign Exchange Markets, International Investments and Econometrics with Financial Applications. His research interests currently lie in the fields of Financial Economics and International Finance.