Why study this course?
You will gain advanced analytical abilities and technical skills in empirical finance and modelling and acquire an in-depth understanding of the financial markets and institutions both in the UK and abroad, preparing you for a professional career in the financial industry.
Highlights
- Pursue advanced studies in finance and investment.
- Master investment analysis, portfolio management, and financial modelling using tools like Bloomberg and econometric softwares.
- Take part in AmplifyMe University Pathways, immersive online finance simulations in trading, investment banking and quantitative finance.
- Access the Bloomberg Trading Suite and experience dynamic learning via realtime streaming of data.
Teaching
Delivered through lectures, tutorials, workshops and seminars.
Class sizes
Classes sizes range from 15 to 100 students.
Dissertation
A 12,000 to 15,000-word research project with dedicated training and supervisor support.
Assessment
A mix of coursework, class tests and exams.
Modules
The St Andrews degree structure is designed to be flexible. You study compulsory modules delivering core learning together with optional modules you choose from the list available that year.
You will choose two optional modules, taking one in each semester.
If you choose not to complete the dissertation requirement for the MSc, there is an exit award available that allows suitably qualified candidates to receive a postgraduate diploma (PGDip) instead, finishing the course at the end of the second semester of study.
Course information may change. Module information and course content, teaching and assessment may change each year and after you have accepted your offer to study at the University of St Andrews. We display the most up-to-date information possible, but this could be from a previous academic year. For the latest module information, see the module catalogue.
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- Applied Financial Econometrics: develops students' ability to undertake quantitative research by equipping them with econometric tools and techniques to analyse and interpret financial data.
- Advanced Corporate Finance: focuses on empirical and theoretical issues that arise in modern corporate finance.
- Financial Data Analysis with Bloomberg
- Portfolio Management: studies key issues in asset allocation, and portfolio composition and management at an advanced level.
- Investment Management: investment value analysis, risk and return.
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- Financial Technology (FinTech)
- Sustainable Finance
- Financial Systems
- Behavioural Finance
- Risk Management
- Corporate Governance
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Students attend lectures throughout Semesters 1 and 2 to prepare them for conducting the research portion of the dissertation. The dissertation is normally on a specific area of finance. You will have the freedom to develop a topic of your own which is of interest to you and will contribute towards career development or further study goals.
Students are assigned a supervisor based on a research proposal submitted in the second semester. They will then research and write a 12,000 to 15,000-word dissertation over the summer to be submitted on a date specified in August.
What it will lead to
Careers
Alumni from the Finance programme, and more generally from other Masters programmes in the Business School, have secured employment in the fields of:
- management consultancy
- accountancy
- investment analysis
- investment banking
- commercial banking
- trading and asset management
- other aspects of the financial services industry
We are committed to supporting your career aspirations, whatever your career stage. Our Careers Centre can help connect you to our extensive global alumni community for advice and mentoring, as well as offering career coaching, bespoke workshops, employer connections, experiences and application support.
Our International Education and Lifelong Learning Institute (IELLI) can also support you with academic and professional skills development.
Further your education
Many graduates pursue PhDs at St Andrews or beyond. Funding includes ESRC awards and Business School studentships, offering RCUK-level stipends and fee waivers for home and EU students.
Go your own way
Our Entrepreneurship Centre offers training and start-up support for those looking to freelance as well as create their own business.
It has an active entrepreneurship community, giving you access to experienced and expert mentors and an investor network, as well as one-to-one advice to help you realise your commercial potential.
Why St Andrews?
Industry connections
The Masters Extra (MX) is a programme of events focused on careers and personal and professional development, designed specifically for taught Masters students in the University of St Andrews Business School. The series of talks, workshops, networking opportunities and activities includes guest lectures from entrepreneurs, experienced managers, and leading researchers.
Trading workshop
In collaboration with AmplifyMe, a leading global financial trading and training firm, you will have the exclusive opportunity to participate in online immersive finance simulation courses.
Bloomberg Trading Suite
You will also benefit from accessing the Bloomberg Trading Suite, an invaluable resource that facilitates dynamic learning through real time streaming of data. This is used in modules throughout the programme.
You can obtain two certifications, Bloomberg Market Concept (BMC) and Environmental Social and Governance (ESG), as part of your degree.
Community
The Management Society, a student-led organisation, hosts a broad range of activities, both subject-related and social. The University also has a number of other student societies relating to the management discipline.
Alumni
As a graduate of St Andrews, you become part of a prestigious and globally connected alumni community. This lifelong membership offers access to career services, networking opportunities, and exclusive resources. Engaging with the University's worldwide alumni network ensures you remain connected to St Andrews, no matter where your career takes you.
Ask a student
If you are interested in learning what it's like to be a student at St Andrews you can speak to one of our student ambassadors. They'll share their top tips, best study spots, favourite traditions and more.
Entry requirements
- A 2.1 Honours degree from a recognised UK university in Economics or Finance with a significant Economics component; or a 2.1 joint Honours in Economics and another subject that includes substantial training in microeconomics, macroeconometrics and econometrics. We will also consider applications from students without any training in Economics but who have a degree in a highly quantitative subject such as Mathematics, Physics and Statistics. If you studied your first degree outside the UK, see the international entry requirements.
The qualifications listed are indicative minimum requirements for entry. Some academic Schools will ask applicants to achieve significantly higher marks than the minimum. Obtaining the listed entry requirements will not guarantee you a place, as the University considers all aspects of every application including, where applicable, the writing sample, personal statement, and supporting documents.
Application requirements
- CV that includes a history of your education and employment to date
- a detailed personal statement which includes an explanation of why you want to study the programme, why you want to enrol at St Andrews, and future career plans
- an original signed academic reference
- academic transcripts and degree certificates
For more guidance, see supporting documents and references for postgraduate taught programmes.
English language proficiency
If English is not your first language, you may need to provide an English language test score to evidence your English language ability. See approved English language tests and scores for this course.
Fees and funding
- UK: £15,590
- Rest of the world: £31,450
Before we can begin processing your application, a payment of an application fee of £50 is required. In some instances, you may be eligible for an application fee waiver. Details of this, along with information on our tuition fees, can be found on the postgraduate fees and funding page.
Scholarships and funding
We are committed to supporting you through your studies, regardless of your financial circumstances. You may be eligible for scholarships, discounts or other support:
Contact us
- Postgraduate online information events
- The School can help with course content, teaching and other topics: ask the School
- Ask University Admissions about how to apply, fees, scholarships and other topics
Start your journey
Legal notices
Admission to the University of St Andrews is governed by our Admissions policy
Information about all programmes from previous years of entry can be found in the course archive.
Curriculum development
As a research intensive institution, the University ensures that its teaching references the research interests of its staff, which may change from time to time. As a result, programmes are regularly reviewed with the aim of enhancing students' learning experience. Our approach to course revision is described online.
Tuition fees
The University will clarify compulsory fees and charges it requires any student to pay at the time of offer. The offer will also clarify conditions for any variation of fees. The University’s approach to fee setting is described online.
Page last updated: 30 October 2025