Financial Economics MA (Hons) 2021 entry
The MA (Hons) in Financial Economics provides a structured, cumulative and rigorous foundation of economic concepts, principles, analysis, techniques and knowledge. During your studies, you will develop your analytical and decision-making abilities through training in quantitative and model-based methods of analysis. Over the course of study, students engage with specialist topics including portfolio management, asset pricing and corporate finance.
Financial economics is studied up to Honours level in both the Faculty of Science (BSc) and the Faculty of Arts (MA). Students who have a background in the Arts or who wish to study financial economics alongside Arts subjects at St Andrews should apply for the MA. For those interested in studying financial economics alongside Science subjects, the BSc (Hons) in Financial Economics may be of interest instead.
Master of Arts (single Honours degree)
Four years full time
- Start date: 6 September 2021
- End date: 30 June 2025
Information about all programmes from previous years of entry can be found in the archive.
These grades are the overall standards required to consider you for entry. Find out more about Standard, Minimum and Gateway entry requirements using academic entry explained and see which entry requirements you need to look at using the entry requirements indicator.
- Standard entry grades: AAAAB
- Minimum entry grades: AABB
- Gateway entry grades: BBBB
- Standard entry grades: AAA
- Minimum entry grades: ABB
- Standard entry grades: 38 (HL 6,6,6)
- Minimum entry grades: 36 (HL 6,5,5)
We accept a wide range of qualifications for entry on to our programmes. Please see our entry requirements for more information.
For degrees combining more than one subject, the subject with the higher entry requirements determines the grades you need. You will also need to meet any further subject specific entrance requirements as outlined on their pages.
If English is not your first language, you will need an overall IELTS score of 7.0, with a minimum score of 6.5 in each component (Reading, Writing, Listening and Speaking), or an equivalent English language qualification.How to apply
Do I need to have studied this subject before?
No previous experience of this subject is required, but advanced school mathematics is an advantage and an ability to learn mathematical skills is essential.
General entry requirements
All applicants must have attained the following qualifications, or equivalent, in addition to the specific entry requirements for individual programmes.
More information on how to apply via other entry routes or accreditation of prior learning and experience can be found on the University’s entry requirements web page.
The University of St Andrews as a whole was voted top in the UK for student academic experience in The National Student Survey 2020 as 92.7% of St Andrews final-year students gave the University top marks for the quality of the learning and teaching experience.
The University has secured a TEF Gold Award for the quality of teaching and the undergraduate experience.
The quality of research publications produced by staff within the School was ranked in the top ten in the UK by the recent Research Excellence Framework 2014, with more than 80% of the research output rated as internationally excellent or world-leading.
In the first two years of your degree (known as sub-honours) you will take the required modules in financial economics alongside modules in at least one other subject.
Typically, you will take a total of three modules per semester each year. Find out more about the modular Scottish degree system.
Students will take the following compulsory first-year modules:
- Macroeconomics: introduces the study of economics at the national and global level.
- Mathematics for Economists: covers calculus and algebra to provide indispensable mathematical tools for modern economists.
- Microeconomics: explores the basics of the market system and consumer and producer behaviour.
Students will take the following compulsory second-year modules:
- Intermediate Macroeconomics: explores theories of the determinants of long-run economic growth and theories of the causes of short-run “business-cycle” fluctuations.
- Intermediate Microeconomics: deepens the general understanding of microeconomics gained in first year.
- Statistics for Economists: introduces statistical methods and regression analysis.
If you decide to take financial economics in your third and fourth years, you must take four compulsory modules:
- Econometrics: introduces the application of statistics to study economic data.
- Financial Economics: Asset Pricing: provides a critical understanding of essential components of modern finance theory and a rigorous grounding in analytical economic models about the determination of risks and returns in financial markets.
- Financial Economics: Corporate Finance: investigates the problem of how a collection of corporate liabilities is affected in value by corporate actions.
- Portfolio Management: develops knowledge and understanding of key issues in asset allocation and portfolio composition and management at an intermediate level.
In addition, you may choose from a wide variety of advanced options. Here is a sample of Honours modules which have been offered in previous years:
- Decision and Game Theory
- Economic Fluctuations
- Economics of Development
- Economics of the Environment
- European Macroeconomics
- Incentives and Contracts
- Inequality and Redistribution
- Innovation Economics
- International Trade
- Mathematical Economics
- Political Economy
- Public Economics.
In fourth year, students may also undertake a dissertation or research project on a topic of their choice. This independent project enables you to develop key research skills which are desired by both prospective employers and by graduate schools offering postgraduate degrees.
The compulsory modules listed here must be taken in order to graduate in this subject. However, most students at St Andrews take additional modules, either in their primary subject or from other subjects they are interested in. For Honours level, students choose from a range of Honours modules, some of which are listed above. A full list of all modules appropriate to the programme for the current academic year can be found in the programme requirements.
Joint Honours degrees
You can take the Financial Economics MA as part of a joint Honours degree alongside the following subject:
“The academics and the support they give to students is so important – there is a great culture of aiding students’ wellbeing in the School. I also liked being able to pick my modules in the first two years, which confirmed that I had made the right decision with this degree, while also giving me a wider skill set to use after graduation.”
Eleanor (Lincoln, England)