Finance (MSc) 2024 entry

The information on this page is for 2024 entry. If you are considering applying for 2025 entry or later, some of these details may differ and we advise you to check the page again before you apply. To receive a notification of when applications open for 2025 entry, please register your interest.

The MSc in Finance trains you in advanced analytical abilities and technical skills in empirical finance and modelling. You will 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.

Trading Workshop

In collaboration with Amplify Trading, a leading global financial trading and training firm, you will have the exclusive opportunity to participate in a day-long Trading Workshop in a live trading floor environment. You will be guided by two seasoned traders utilising specialised software.

Bloomberg Trading Suite

You will also benefit from accessing the Bloomberg Trading Suite, an invaluable resource that facilitates dynamic learning via real time streaming of data. This is used on a number of modules within the programme. 

You have the opportunity to obtain two certifications − Bloomberg Market Concept (BMC) and Environmental Social and Governance (ESG) – without incurring any costs.


Start date
September 2024
End date
September 2025
One year full time
Business School

Application deadline

Thursday 8 August 2024

Applicants should apply as early as possible to be eligible for certain scholarships and for international visa purposes.

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 or résumé 
  • either a detailed personal statement including a list of current modules being undertaken (1,000 words) or a sample of your own, single-authored academic written work (2,000 words) 
  • two original signed academic references 
  • 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.

Course details

The MSc in Finance is a one-year taught postgraduate programme run by the Business School. 


  • You will learn the research methods used in modern corporate finance in order to understand the relevance of corporate finance theory in an applied work setting.  
  • The case study approach in core modules helps develop analytical skills that can be used in everyday financial measurement applications.  
  • Small group teaching allows a high level of student-teacher interaction, encouraging a warm and friendly learning environment.  
  • You will become knowledgeable about the functioning and rationale of leading financial institutions both in the UK and abroad.  
  • You will pursue advanced studies in finance and cognate areas, allied to a strong tradition of graduates from the School working in the financial community.  


The modules published below are examples of what has been taught in previous academic years and may be subject to change before you start your programme. For more details of each module, including weekly contact hours, teaching methods and assessment, please see the module catalogue.

Each compulsory module typically comprises: 

  • 20 lecture contact hours 
  • 5 or 10 contact hours for seminars, workshops and tutorials 
  • intensive independent study. 




You must take four compulsory modules for the MSc. 

  • Corporate Finance: investigates the relationship between corporate liabilities and corporate actions. 
  • Financial Econometrics: the theory and practice of financial econometrics. 
  • International Macroeconomics: key issues in international finance including analysing models of exchange rate determination. 
  • Investment Management: fundamental principles of financial markets, financial instruments and modern security valuation techniques. 

In your second semester, you will have the opportunity to choose two modules from a selection of topics. The assessment patterns for individual optional modules may vary from the details given above.  

Here is a sample of optional modules that may be offered: 

  • Behavioural Finance: examines the effects of behavioural biases in financial markets. 
  • Corporate Governance: covers three key components: corporate governance, risk management, and financial management. 
  • Portfolio Management: studies key issues in asset allocation, and portfolio composition and management at an advanced level. 
  • Risk Management: teaches standard techniques in risk and insurance problems. 

The topics, and therefore module titles, vary year on year as they reflect staff research interests. Optional modules require a minimum number of participants to be offered; some may only allow limited numbers of students (see the University’s position on curriculum development). 

The final element of the MSc is a 15,000-word dissertation. The dissertation should be on an area of finance that you are interested in, chosen in discussion with your supervisor who will support you through the process.  

You will receive training in Semester 1 in framing a hypothesis, conducting bibliographic research, writing a literature survey, and structuring a dissertation. 


The programme consists of traditional lectures, as well as tutorials, seminars and computer lab work in small groups.

You will also complete a 15,000-word dissertation in an area of your choice that is relevant and appropriate to the MSc.  

Courses are assessed both continuously and with end-of-semester exams.  

Every MSc student is assigned an adviser at the beginning of the year. Your adviser will provide you with individual guidance on module choice and academic conduct.




Application fee

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.

Funding and scholarships

The University of St Andrews is committed to attracting the very best students, regardless of financial circumstances.

15% Recent Graduate Discount

If you have graduated from the University within the last three academic years, you may be eligible for a 15% discount on postgraduate taught tuition fees. Terms and conditions apply.

Taught postgraduate scholarships    Postgraduate loans

After your degree


There is a long-standing tradition of Finance graduates working in a wide variety of challenging and rewarding posts including: 

  • academia 
  • banking 
  • commerce 
  • diplomatic service 
  • economics 
  • finance 
  • government 
  • industry 
  • insurance. 

They work in the UK, Europe, and North America, and more frequently in locations such as China, Taiwan, Hong Kong, Japan and Thailand. 

The Careers Centre offers one-to-one advice to all students as well as a programme of events to assist students in building their employability skills.

Postgraduate research

What to do next

Online information events

Join us for one of our information events where you can find out about different levels of study and specific courses we run. There are also sessions available for parents and college counsellors.

Postgraduate online visiting days

We encourage all students who are thinking of applying to the University to attend one of our online visiting days.

Contact us

+44 (0)1334 46 2439
Department of Economics (Business School)
The Scores
St Andrews
KY16 9AR

Department of Economics (Business School) website