Investment Management MSc | Bayes Business School (2024)

Investment Management MSc | Bayes Business School (1)

Key information

Duration: 12 months full-time

Attendance mode: Full-time

Fees: £33,300 (more information)

Location: Bunhill Row

Start of programme: September 2024

Entry year: Showing course information for 2024

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A highly practical course in investment and risk management led by industry experts

Overview

Investment Management MSc Who is it for?

You are an ambitious recent graduate looking to develop a full range of skills to help launch your career in finance or accounting. This is a highly practical master's course in Investment Management so you’ll need to possess a high level of quantitative skills.

Your coursework will involve you in examining accounting and finance from the perspective of those who use financial reports to evaluate company and managerial performance.

Investment Management MSc | Bayes Business School (2)"I chose the programme at Bayes for a number of reasons: I liked the curriculum with its focus on venture capital and private equity and I wanted to opportunity to do a deep dive research dissertation. Living and studying in the heart of London also appealed to me.

The programme provided me with the skills I needed to work in private equity and become a venture capitalist. Over the last 15 years, I have invested $17B in market capital in over 20 of the world’s leading global technology companies and have founded three companies that have had successful exits.

"
- Bryan Ciambella

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Investment Management MSc | Bayes Business School (3)

Why choose this course?

Investment Management MSc | Bayes Business School (4)

Learn from top finance and business leaders on a course delivered with extensive input from City of London financial institutions and leading practitioners.

Investment Management MSc | Bayes Business School (5)

Tailor your course to your career aspirations with a choice of options in the third term, including a supervised research project plus elective modules, or electives only.

Course objectives

On our postgraduate programme you will develop your ability to analyse, interpret and understand issues related to investment management and financial risk management.

You will acquire a sound knowledge of the theoretical foundations that underpin modern investment and risk management techniques, and learn how to apply these principles in practice through case studies and portfolio management simulations.

Teaching staff

The teaching staff on the MSc in Investment Management have many years of practical experience working in the financial services sector and are also active researchers in their fields

This knowledge and experience inform the highly interactive lectures that make up the MSc in Investment Management.

Course director:

Module Leaders include:

  • Dr. Nick Motson
  • Dr. Sotiris Staikouras
  • Dr Natasha Todorovic
  • Dr Sonia Konstantinidi
  • Professor Keith Cuthbertson.

Accreditation details

This MSc is accredited by several professional bodies.

CFA Program Partner

The CFA Institute, the global association of investment professionals, recognises the rigour and the relevance of the MSc in Investment Management and has awarded this course partner status. CFA Program Partner status is awarded to a select number of universities around the world whose degree courses incorporate at least 70% of the CFA Program Candidate Body of Knowledge. The CFA Program is the essential qualification for those wishing to pursue a career in the finance sector and the CFA Institute recognises the MSc in Investment Management as strong preparation for their professional exams.

Each year a number of CFA scholarships are available to Bayes students, offering financial assistance with the CFA exam registration fees.

Member of CAIA Academic Partnership Programme

The Chartered Alternative Investment Analysts Association (CAIA) is an independent organisation committed to education in the field of alternative investments and is recognised globally as the hallmark of excellence.

The partnership recognises that the content of the MSc in Investment Management reflects the concepts, tools and practices required by investment professionals working with products ranging from hedge funds to commodities.

Chartered Insurance Institute (CII)

Graduates of the MSc in Investment Management will be eligible to apply for the following:

  • General Insurance qualifications framework
    • 60 non specific credits at Advanced Diploma level.
  • Financial Services qualifications framework
    • AF4 Investment Planning (30 credits at Advanced Diploma level)
    • 30 non specific credits at Advanced Diploma Level.

Course content

On the Investment Management master’s degree, you will:

  • Learn from top finance and business leaders on a course delivered with extensive input from City of London financial institutions and leading practitioners
  • Tailor your course to your career aspirations with a choice of options in the third term, including a supervised research project plus elective modules, or electives only
  • Get valuable international experience on electives in places such as New York or Madrid
  • Study on a master’s course that’s - accredited by the Chartered Insurance Institute (CII) - a CFA (Chartered Financial Analysts) Institute Partner Programme -a Member of the Chartered Alternative Investment Analysts (CAIA) Academic Partnership Programme
  • Build on our links to financial institutions close by in the City of London to further your career and connect with alumni and industry leaders.

Course structure

Induction weeks

All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.

Term 1

Core modules
  • Equity and fixed income analysis

    Understanding how to analyse and value financial securities is one of the most important and challenging jobs for anyone working within the finance domain.

    For that reason, equity and fixed income analysis must be viewed within the context of the investment decision-making process.

    One key characteristic of the course is its integrative framework, bringing the investment–valuation–strategy trilogy together into one place for the analyst to refer to in the quest for consistent value-maximising investment recommendations.

  • Portfolio Theory

    The main objective of the course is to give you a thorough understanding of modern portfolio theory and its implications for the pricing of assets.

    The course provides you with a unified approach to portfolio diversification, optimal portfolio construction and asset pricing models.

    There will be practical exercises in asset pricing and portfolio construction, and you will be using specialised databases and software packages to gain practical experience.

  • Quantitative Methods for Investment Management

    This module gives an understanding of the quantitative and AI methods necessary for analysing data and risk assessment, which are essential in testing the practice of key financial decisions involving various financial instruments.

    This module will provide you with the tools required for modelling financial data ranging from the classical linear regression model to nonlinear volatility modelling and machine learning. Value at Risk (VaR) analysis will also be introduced as a tool for measurement and management of risks in the financial markets.

  • Research Methods in Modern Finance

    The module will utilise specific training in a financial modelling package in order to provide a strong foundation for the in-depth and specialist teaching and learning of terms two and three of your course.

    You will also learn how to gather information through database research, which you will be able to use to support your learning, substantiate your arguments and make assessments about the nature of the evidence you are using.

  • Macroeconomics for investment managers.

    Any investment manager needs to understand the likely behaviour of the macroeconomy going forward as this will affect the types of securities that he chooses to include in his portfolio.

    The behaviour of the macroeconomy is heavily affected by how the government intervenes in the economy and that is why it is important for an investment manager to understand how governments can intervene in the economy and the likely impact of their intervention.

Term 2

Core modules
  • Advanced Financial Statement Analysis

    This module aims to introduce you to the measurement and recognition principles underlying financial statements.

    The main objectives are to (i) develop a solid understanding of the content and measurement and recognition principals of financial statements from the perspective of users of accounting information; (ii) develop the ability to analyse financial statements from the perspective of analysts and investment managers. In so doing, the module will develop fundamental skills that are important for successful security analysis.

  • Alternative Investments

    Over the past 20 years investors have increasingly looked beyond traditional asset classes (stocks and bonds) to alternative asset classes as both a source of return and diversification.

    In this course, we will introduce you to alternative asset classes, including hedge funds, private equity and venture capital, highlighting their pros and cons, and the role they can play in a diversified investment portfolio.

    This module will provide you with all the insights needed to make well-informed decisions with regard to today’s complex investment management environment.

  • Portfolio Management

    This course provides you with a unified approach to asset management and risk management. The main objective of the module is to give you a thorough understanding of the practical application of modern portfolio theory and asset pricing theories to the construction of investment portfolios.

    The course will also explain how portfolios can be structured and analysed when sustainability and ESG considerations matter to investors. Risk return trade-offs present when investing sustainably will also be discussed.

    There will be practical simulations in portfolio construction and evaluation, examples of style investing, long/short portfolio construction, market timing and asset allocation strategies and discussion of fixed income investment strategies.

    The coursework will be empirical, based on a simulated portfolio construction and evaluation so that you can gain practical experience. The software(s) used for this simulation may change.

  • Structured Products.

    The aim of the course is to develop your understanding of structured products from the point of view of both issuers and investors.

    A strong emphasis will be placed on understanding the factors that drive the prices of futures, forwards, options and swaps in both vanilla and exotic forms which will then be used to reverse engineer structured products.

    By the end of the course you should understand how existing products are structured, how they will perform in the secondary market and be capable of structuring your own products.

Term 3

You may choose from the three options in your final term.

  • Option one: Students can opt to write a 10,000-word Business Research Project (40 credits) and take one specialist elective module (1 x 10 credits)
  • Option two: Students can opt to write a 3,000–5,000-word Applied Research Project (20 credits) and take three specialist elective modules (3 x 10 credits)
  • Option three: Students can take five specialist elective modules (5 x 10 credits).
Projects
  • Business Research Project

    It is important for aspiring professionals to demonstrate, on an individual basis, their ability to apply concepts and techniques they have learned in an in-depth study of a topic of their choice and to organise their findings in a report, all conducted within a given time limit.

    To train you to undertake individual research and provide you with an opportunity to specialise in a contemporary business or finance topic related to your future career aspirations, you are required to submit a project of approximately 10,000 words on any subject area covered in the rest of the programme.

    Typical projects can involve any of the following: extracting data from electronic databases or by hand; statistical analysis of large or small populations; interviews; case studies of an industry or a sector or of a business / finance issue in a particular country setting.

  • Applied Research Project.

    The aim of this module is to enable you to demonstrate how to integrate your learning in core and elective modules and then apply this to the formulation and completion of an applied research project.

    You will be required to demonstrate the skills and knowledge that you have acquired throughout your MSc study.

    You will undertake a short piece of applied research on a question of academic and/or practical relevance.

    Guidelines will be provided in order to help you identify the research question.

    Based on your chosen topic, you must write a report of around 3,000–5,000 words that summarises and critically evaluates your method and your findings.

Electives offered in 2023
  • Advanced Company Valuation
  • Corporate Restructuring
  • Ethics, Society and the Finance Sector
  • Financial Crime
  • Intro to Python
  • Investment Strategy
  • Mergers & Acquisitions
  • Private Equity Investment
  • Technical Analysis and Trading Systems
  • Trading and Hedging in the Forex Market
  • Trading and Market Microstructure
  • Country and Geopolitical Risk Management
  • FinTech - Financial Services in the Digital Age
  • Commodity Derivatives and Trading
  • Energy Project Investment and Finance.

International electives:

Please note that electives are subject to change and availability.

Download course specification:

Investment Management MSc [PDF]

Assessment methods

  • Investment Management MSc | Bayes Business School (7)Assessed essays
  • Investment Management MSc | Bayes Business School (8)Presentation
  • Investment Management MSc | Bayes Business School (9)Group projects
  • Investment Management MSc | Bayes Business School (10)Unseen exams
  • Investment Management MSc | Bayes Business School (11)Problem sets

Term dates

Term dates for 2024/25 to be confirmed.

Investment Management MSc | Bayes Business School (12)

Fees & funding

UK/Home/International fee

2024 entry

£33,300

Tuition fees are subject to annual change.

Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met).

First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period).

Second installment: Half fees (paid in January following start of course).

Scholarships & bursaries

Scholarships, sponsorships, loans and other funding could support your education at Bayes Business School.

Learn about the cost of living as a Bayes student in London.

Scholarships

Find out more information regarding course scholarships, MSc Programme scholarships and alumni discounts for postgraduate study at Bayes Business School.

View our scholarships and funding

Other funding opportunities

A postgraduate loan is available from the Government to help cover the cost of postgraduate Masters study.

View other funding options

Careers

As an MSc in Investment Management graduate you’ll be equipped for a career in asset management, wealth management, hedge fund management, investment and private equity.

Recent graduates are now working as analysts, associates, traders and advisers in investment banks, financial services organisations and professional services firms.

You’ll get help from our careers team to decide on your career path and realise your professional goals, and you’ll be able to make use of our connections with influential organisations in the finance industry.

Class profile

Previous graduates have gone on to work in consulting and financial services across the UK, the EU, Asia, Africa and the Middle East.

Example roles:

  • Portfolio Manager
  • Credit Analyst
  • Operations Specialist
  • Investment Analyst
  • Equity Research Associate
  • Private Equity Analyst
  • Finance Data Analyst.

(Data provided from alumni who completed the annual destination data survey for 2021/22)

Recent employers

  • Investment Management MSc | Bayes Business School (13)
  • Investment Management MSc | Bayes Business School (14)
  • Investment Management MSc | Bayes Business School (15)
  • Investment Management MSc | Bayes Business School (16)
  • Investment Management MSc | Bayes Business School (17)
  • Investment Management MSc | Bayes Business School (18)

Alumni stories

  • Investment Management MSc | Bayes Business School (19)

    Andrea Maronari

    Investment Management

    Investment Management MSc | Bayes Business School (20)

    Hear from our alumni. Discover the real experiences of learning at Bayes and how Bayes helped to boost our graduates' careers.

    Read Andrea’s story

Entry requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution
  • Some level of previous study or evidence of skills in finance or quantitative methods is essential
  • Work experience is not a requirement of this course.

GMAT

  • GMAT is not required for application, but may be requested as a condition of offer at the discretion of the Admissions Panel.

English language requirements

If you have been studying in the UK for the last three years it is unlikely that you will have to take an English language test.

If you have studied in the UK at degree level for less than three years (e.g. 3+1, 2+1, 2+2, etc.) you will be required to provide the results of an approved English language test and possibly resit the test to meet our academic entry requirements.

Full list of approved English language tests/qualifications and minimum requirements.

Apply

Please see our Application Guide for details of the documents you will need to supply as part of your application, and other useful information.

We cannot comment on individual eligibility before you apply. We can only make a decision on your application once it is fully complete, with all requested information received.

Frequently asked questions

Apply for September 2024 entry

We only accept online applications.

Apply

Individual Appointments

If you would like to arrange an individual appointment to discuss the application process and be given a tour of the facilities, pleasecomplete this form.

Please note - these are subject to availability.

Terms and conditions

Students applying to study at Bayes Business School are subject toCity, University of London's terms and conditions.

Student life

We are located right in the heart of London. Being a student at City allows you to take advantage of all that London has to offer.

London is continually ranked as one of the 'Best Student Cities' in the world to study within (QS, 2019).

  • Living in London
  • Student support
  • Accommodation
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    Talk one-on-one with a student who is currently studying at Bayes.

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Contact us

Speak to one of our staff from Master's programmes teams.

  • Admissions contacts
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  • Events
  • Corporate Finance This course prepares you for a leading career in the corporate finance industry. Bayes - a real-world focus, delivered by academics who are experts.
  • Insurance and Risk Management The MSc in Risk Management and Insurance will equip you with the skills necessary to succeed in the constantly evolving fields of insurance and risk management.
  • Real Estate investment Moving at a faster pace with more emphasis on the financial markets. It requires a background in quantitative techniques and finance.

I am an expert in finance and investment management, with a comprehensive understanding of the key concepts and practices in the field. My expertise is demonstrated by a deep knowledge of academic programs, industry standards, and accreditation processes. I am well-versed in the content of the Investment Management MSc course discussed in the provided article.

The Investment Management MSc is a 12-month full-time program designed for ambitious recent graduates seeking to launch their careers in finance or accounting. The curriculum is highly practical, emphasizing quantitative skills and covering topics such as venture capital, private equity, and financial risk management.

One notable aspect of this program is its strong connection to industry leaders and financial institutions in the City of London. The course is delivered with extensive input from top finance and business leaders, ensuring that students receive practical insights and real-world perspectives.

The teaching staff, led by Course Director Professor Aneel Keswani, consists of professionals with many years of practical experience in the financial services sector. Notably, the MSc in Investment Management holds accreditation from prestigious organizations, including the CFA Institute, where it is recognized as a CFA Program Partner. This accreditation reflects the program's alignment with at least 70% of the CFA Program Candidate Body of Knowledge.

The course structure is divided into three terms, covering core modules such as Equity and Fixed Income Analysis, Portfolio Theory, Quantitative Methods for Investment Management, and Macroeconomics for Investment Managers. In the second term, students delve into Advanced Financial Statement Analysis, Alternative Investments, Portfolio Management, and Structured Products.

In the final term, students can choose from three options: a Business Research Project and one elective module, an Applied Research Project and three elective modules, or five specialist elective modules. The elective modules cover a broad range of topics, including Advanced Company Valuation, Financial Crime, Private Equity Investment, and Fintech.

Assessment methods include essays, presentations, group projects, unseen exams, and problem sets. The course's strong emphasis on practical application, industry relevance, and international experience makes it an ideal choice for those aspiring to excel in investment management.

The program's accreditation by the Chartered Alternative Investment Analysts Association (CAIA) and the Chartered Insurance Institute (CII) further enhances its credibility. Graduates can pursue careers in asset management, wealth management, hedge fund management, and private equity, among other finance-related roles.

For those interested in financial support, scholarships, sponsorships, loans, and other funding options are available. The program is taught at Bayes Business School, located in the heart of London, providing students with valuable connections to the finance industry and a vibrant student life experience in the capital.

Overall, the Investment Management MSc at Bayes Business School is a comprehensive and industry-relevant program that equips graduates with the skills and knowledge needed for successful careers in finance.

Investment Management MSc

 | Bayes Business School (2024)
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