MRes/PhD in Finance
In addition to progressing with their research, students are expected to take the listed training and transferable skills courses. Students may take courses in addition to those listed, and should discuss this with their supervisor.
Programme Structure - MRes
Programme code: TMRESFI1
Department: Finance
For students starting this programme of study in 2018/19
Guidelines for interpreting programme regulations
Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and can be subject to timetabling constraints and/or students meeting specific prerequisite requirements.
Year 1 | ||
|---|---|---|
Introductory course |
Students are required to attend the following before commencing the MRes/PhD programme: | |
|
EC400 Introductory Course in Mathematics and Statistics (0.0) # | |
Training courses |
Compulsory (examined): | |
Paper 1 |
||
Paper 2 |
EC442 Macroeconomics for MRes students (1.0) | |
Paper 3 |
FM481 Financial Econometrics for Research Students (1.0) # (not available 2020/21) | |
Transferable skills courses |
Compulsory (not examined): | |
A. |
||
B. |
Capital Markets Workshop | |
C. |
MY592 Workshop in Information Literacy: finding, managing and organising published research and data (0.0) (withdrawn 2019/20) | |
D. |
Any relevant seminars in related areas. | |
Year 2 | ||
Training courses |
Compulsory (examined): | |
Paper 4 |
FM502 Corporate Finance for Research Students (1.0) | |
Paper 5 |
FM503 Asset Pricing for Research Students (1.0) | |
Paper 6 |
||
Transferable skills courses |
Compulsory (not examined): | |
A. |
||
B. |
Capital Markets Workshop | |
C. |
Any relevant seminars in related areas. | |
Footnotes
A : The FM482 Research Paper must be 6,000 - 8,000 words in length.
B : Presentation requirements: Students are required to do an FM505 seminar presentation in the second year.
# means there may be prerequisites for this course. Please view the course guide for more information.
Programme Structure - PhD
Programme code: RPFI2
Year 3 | ||
|---|---|---|
Training courses |
Compulsory (examined): | |
Paper 7 |
||
Transferable skills courses |
Compulsory (not examined): | |
A. |
Capital Markets Workshop | |
Footnotes
A : Students need to pass Paper 7 with a mark of 65% or higher.
Progression and upgrade requirements
In order to progress unconditionally from the first to the second year of MRes registration students are required to achieve pass marks of 50% or higher in papers 1, 2 and 3. Students who do not attain this standard may proceed to the second year with up to two resit papers, only with the permission of the MRes Programme Director, with the restriction that they can sit a maximum of four exams in year 2, which must be the two resits, either paper 4 or 5, and paper 6.
Award of the MRes in Finance
The award and classification of the MRes degree is consistent with the School's Scheme for the Award of a five-unit Taught Masters Degree. Students are required to achieve a pass mark of 50% in 5 of full-unit papers, which must include Paper 6 (Research paper) and four papers from Papers 1, 2, 3, 4, and 5. One failed paper (but not a bad fail of 29% or less) can be compensated by a mark of 55% or higher in another paper.
Progression to PhD registration
For PhD registration students are required to achieve marks of 50% or higher in Papers 1, 2, and 3, marks of 60% or higher in papers 4 and 5 and a mark of 65% or higher in Paper 6.
Students missing the overall progression requirement by one paper are permitted to progress to PhD registration, but will subsequently need to re-sit and pass the paper to the necessary standard to continue their PhD registration. Students missing the progression requirement by more than one paper are required to pass those papers to the necessary standard before PhD registration can be permitted.
Throughout the coursework portion of the MRes or MRes/PhD programme, students failing a paper or missing a progression mark will have to retake that paper within one year of the original examination. Students can resit each paper only once. Students registered for the PhD remain subject to the relevant MRes regulations for any courses or examinations they are completing. Students who have been permitted to progress onto the PhD without satisfying the complete progression standard will have their PhD registration discontinued if they fail to reach this standard at re-sit.
Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the . Changes to course and programme information for future academic sessions can be found on the .
