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Finance and Investment Management

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What you'll need

As part of the application process, you'll need to submit:

  • School or college transcripts/certificates
  • University transcripts and certified translations if applicable
  • Degree certificates
  • Personal statement outlining your learning ambitions

Our application process

  • Sign into our online portal, Apply Yourself, and start your application
  • Submit your application
  • We'll email you to let you know we're processing your application
  • Track the progress of your application using the Postgraduate Application Tracker (we'll send you a link to the tracker)
  • We'll email you when a decision has been made
  • If you've been made an offer, you can then accept or decline it using the Postgraduate Application Tracker.

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Master of Science

A Master of Science (MSc) is a master’s degree awarded for a postgraduate programme in the sciences.

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Course overview

This programme will provide you with a solid understanding of the interaction of finance, financial markets and securities and investment analysis and draws extensively from the Chartered Financial Analyst (CFA) programme curriculum.

Introduction

You will also be trained in financial market applications of these theories and concepts in addition to learning how to use state-of-the-art industry analytics in your studies. On graduation, you will have a good understanding of contemporary financial principles and know how these apply to financial intermediation, savings and investment.

With a rigorous focus on both theory and application, you will benefit from leading-edge insight and global perspective from City practitioners, building on firm foundations in quantitative skills, corporate finance, financial analysis, portfolio management, financial instruments, regulation, ethics and other critical areas.

The MSc Finance and Investment Management has been accepted into the CFA Institute University Recognition Programme. This status is granted to institutions whose degree programmes incorporate at least 70% of the CFA Programme Candidate Body of Knowledge™ (CBOK), which provides you with a solid grounding in the CBOK and positions you well to sit for the CFA exams.

The CFA qualification is a globally recognised, postgraduate designation that provides a strong foundation of investment analysis and portfolio management skills along with the practical knowledge required in the modern finance and investment industry.

The Management School has a range of additional funding opportunities for outstanding master’s students, including the 50% University of Liverpool Management School (ULMS) Excellence Scholarship. Eligibility and more information can be found on the School’s scholarship pages.

Accreditation

The University of Liverpool Management School is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation from AACSB, AMBA and EQUIS.

The Finance and Investment Management programme has affiliate status with the CQF Institute, allowing our students to register for free membership and gain access to resources such as events, research, careers tools, workshops and thought leadership materials

Accreditations in detail

Accreditations

The University of Liverpool Management School is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation from AACSB, AMBA and EQUIS.

The Finance and Investment Management programme has affiliate status with the CQF Institute, allowing our students to register for free membership and gain access to resources such as events, research, careers tools, workshops and thought leadership materials

Course content

Discover what you'll learn, what you'll study, and how you'll be taught and assessed.

Semester one

The 12-month programme consists of eight compulsory modules followed by a research project carried out over the summer period upon completion of Semester two.

Compulsory modules

Financial Reporting and Analysis (BLIM501)

Credits: 15 / Semester: semester 1

The financial reporting and analysis module focuses on developing technical knowledge and skills to enable understanding, interpretation and analysis of companies’ annual reports. There is an emphasis on International Financial Reporting Standards (IFRS). The module will enable students to perform a fundamental and critical analysis of a company’s performance and position which can then be applied to either equity or fixed income security valuation in other modules. In terms of technical content IFRS standards covered include core standards relating to PPE and inventories, but also more advanced topics such as pensions, stock compensation, employee benefits and off-balance-sheet financing.

Quantitative Methods and Economics (BLIM502)

Credits: 15 / Semester: semester 1

The quantitative methods section of this module focuses on statistics. The topics range from data analysis, probability theory, hypothesis testing, sampling and estimation, to linear regression and time-series analysis. Other topics include simulation and technical analysis. The module also requires a conceptual understanding to enable the evaluation of methodologies, develop critiques of them, and, where appropriate, propose revised approaches. The economics section of this module covers microeconomics and macroeconomics. Elements of international economics are included relating largely to foreign currency transactions and how they are affected by exchange rates, international interest rates and inflation. There is an emphasis on the effects of economic factors on financial markets, including monetary and fiscal policy, government regulation, and economic growth and development.

Equity and Fixed Income Markets (BLIM504)

Credits: 15 / Semester: semester 1

This module explores global asset markets and the analysis of asset types: specifically equity (shares/stocks), fixed income (bonds). The equity analysis section of the module includes the characteristics of equity markets, institutions, and benchmarks. It also includes equity valuation methods. Similarly, the fixed-income section of the module includes the characteristics of fixed-income markets, institutions, and benchmarks. It also addresses the valuation of fixed income securities, the term structure of interest rates, credit risk and structured products.This module requires a conceptual understanding of valuation methodologies and develops critiques of these models.

FINANCIAL REGULATION AND ETHICS (BLIM507)

Credits: 15 / Semester: semester 1

The financial regulation and ethics module is core to the programme and addresses key issues associated with how the financial markets are regulated and supervised, along with the nature and importance of an ethical framework. Key topics include:

The role and nature of financial regulation;

Regulation through the lens of the global financial crisis;

Internationally enacted financial regulations;

CFA Institute Ethics and Professional Standards of Practice;

Ethical practices.

This module develops a conceptual understanding of the regulation of financial markets and of ethical issues and behaviours.

Any optional modules listed above are illustrative only and may vary from year to year. Modules may be subject to minimum student numbers being achieved and staff availability. This means that the availability of specific optional modules cannot be guaranteed.

Our curriculum

The Liverpool Curriculum framework sets out our distinctive approach to education. Our teaching staff support our students to develop academic knowledge, skills, and understanding alongside our graduate attributes:

  • Digital fluency
  • Confidence
  • Global citizenship

Our curriculum is characterised by the three Liverpool Hallmarks:

  • Research-connected teaching
  • Active learning
  • Authentic assessment

All this is underpinned by our core value of inclusivity and commitment to providing a curriculum that is accessible to all students.

Your experience

This programme is delivered by the triple-accredited University of Liverpool Management School.

The School has a thriving international master’s community with a comprehensive, interdisciplinary programme of social and extra-curricular events and dedicated careers and employability support.

Virtual tour

Supporting your learning

From arrival to alumni, we’re with you all the way:

Careers and employability

Our approach of embedding much of the globally recognised CFA qualification into our MSc programme will strengthen your employability throughout the financial services sector.

The programme is designed to provide both academic knowledge and practical skills, allowing successful candidates to find employment in the financial services industry in job roles ranging from security analysis through to investment management.

Career planning

Three career coaches standing outside the Careers Studio

Our campus Career Studio is a space for students and graduates to drop into and talk to a career coach. Career coaches are highly trained to help no matter what stage you are at in your career planning. You can access support to find and apply for full-time and part-time roles, placements, internships and graduate schemes. You will also find the help you need if you have a start-up idea or want to create a business plan. You can explore the world of work, prepare for job interviews, and access careers events and workshops. The Career Studio is open Monday to Friday from 10am-5pm, simply drop in at a time that works for you.

From education to employment

Two graduates in postgraduate robes.

We develop our programmes with employers in mind. You will be supported to enhance your long-term employment prospects as you learn. We do this by exposing you to professionals, a variety of sectors and supporting you to work collaboratively with others to develop transferable skills. You are equipped with a clearer view of what to focus on in your area of interest, and to reflect on your studies. Our digital employability tools give you a tech-enhanced curriculum experience and make it easy for you to prepare for the world of work. You can use tools like the Handshake platform to connect with employers and message the Career Studio 24/7.

Networking events

Postgraduate students hold a discussion while sat round a table in in the Liverpool Guild of Students.

You can start building good professional networks by attending events and employability activities. Our events are designed to develop your skills and expose you to many different employers, as well as to help you make contacts in your field. We help you improve your confidence when speaking to employers and give you access to unique opportunities. Our networking events also boost your understanding of the competencies and skills that employers are looking for in their recruitment process, giving you a competitive edge.

Your future

You will have access to a specialist, in-house postgraduate careers team and have access to one-to-one careers guidance, workshops, seminars, and employability initiatives.

Successful candidates will hold an MSc and some will have passed the Level 1 CFA examination. They should therefore be extremely marketable for employment in most areas of the financial services industry, and particularly where there is an emphasis on Investment Management and on Analysis. This includes regulators in the industry.

Graduates from this programme have secured jobs at:

  • Standard Bank
  • KPMG
  • Singapore Development Bank
  • Agricultural bank of China

In roles such as:

  • Wealth manager
  • Financial analyst
  • Regulation consultant
  • Customer manager

Fees and funding

Your tuition fees, funding your studies, and other costs to consider.

Tuition fees

UK fees (applies to Channel Islands, Isle of Man and Republic of Ireland)
Full-time place, per year £14,750
International fees
Full-time place, per year £33,500
Fees stated are for the 2025-26 academic year.

Tuition fees cover the cost of your teaching and assessment, operating facilities such as libraries, IT equipment, and access to academic and personal support.

If you're a UK national, or have settled status in the UK, you may be eligible to apply for a Postgraduate Loan worth up to £12,167 to help with course fees and living costs. Learn more about fees and funding.

Additional costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about the additional study costs that may apply to this course.

Additional study costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about additional study costs.

Scholarships and bursaries

We offer a range of scholarships and bursaries that could help pay your tuition and living expenses.

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Postgraduate Global Advancement Scholarship – Achievement

  • International students

If you’re an international student joining a master’s course with us, you could be eligible to receive a tuition fee discount of £2,500, based on your prior academic achievement, choice of course, and you not having studied with us before.

Postgraduate Global Advancement Scholarship – Country

  • International students
  • Antigua and Barbuda
  • Australia
  • Bangladesh
  • Barbados
  • Belize
  • Brunei
  • Canada
  • Cyprus
  • Dominica
  • Egypt
  • Ghana
  • Grenada
  • Guyana
  • India
  • Jamaica
  • Japan
  • Kenya
  • Malaysia
  • Mauritius
  • Mexico
  • New Zealand
  • Nigeria
  • Pakistan
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and The Grenadines
  • Singapore
  • South Africa
  • South Korea
  • Sri Lanka
  • Tanzania
  • Thailand
  • Trinidad and Tobago
  • Turkey
  • Uganda
  • Vietnam

If you’re an international student joining a master’s course with us, you could be eligible to receive a tuition fee discount of £2,500, based on your nationality, choice of course, and you not having studied with us before.

Graduate Loyalty Advancement Scholarship

  • Home and international students

If you’re a University of Liverpool graduate starting a master’s degree with us from September 2024, you could be eligible to receive a loyalty discount of up to £2,500 off your master’s tuition fees.

ULMS Excellence Scholarship

  • Home and international students

Join an MSc in the Management School and you could be eligible to receive a 50% discount off your tuition fees. You’ll be considered for this award based on your academic record, CV and the personal statement from your course application.

ULMS Attainment Award

  • Home students

Are you a UK or Republic of Ireland student with a first-class degree, or equivalent? Join an MSc in the Management School and you could be eligible to receive £2,000 off your tuition fees.

ULMS Progress to Postgraduate Award

  • Home and international students

Are you a University of Liverpool undergraduate student graduating this summer? Progress from a current University of Liverpool degree, in any subject, to study an MSc in the Management School, and you could receive a tuition fee discount of £1,000.

Chilean National Agency for Research and Development (ANID) Scholarship

  • International students
  • Chile

If you’re a Chilean student joining a master’s degree, you could be eligible to apply for a 20% discount on your tuition fees with a Chilean National Agency for Research and Development (ANID) Scholarship.

Chevening Scholarships

  • International students
  • Albania
  • Algeria
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Australia
  • Azerbaijan
  • Bangladesh
  • Barbados
  • Belize
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Brunei
  • Canada
  • Cayman Islands
  • Chile
  • China
  • Columbia
  • Costa Rica
  • Cuba
  • Dominica
  • Ecuador
  • Egypt
  • El Salvador
  • Ghana
  • Guatemala
  • Guyana
  • Honduras
  • Hong Kong
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Jamaica
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Libya
  • Malaysia
  • Mauritius
  • Mexico
  • Moldova
  • Mongolia
  • Montserrat
  • Morocco
  • Nepal
  • New Zealand
  • Nicaragua
  • Nigeria
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Russia
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and The Grenadines
  • Serbia
  • Singapore
  • South Africa
  • South Korea
  • South Sudan
  • Sri Lanka
  • Sudan
  • Taiwan
  • Tanzania
  • Thailand
  • Trinidad and Tobago
  • Turkey
  • Turks and Caicos Islands
  • Uganda
  • Ukraine
  • Uruguay
  • Venezuela
  • Vietnam
  • Zimbabwe

If you’re an international student from an eligible country, joining a one-year master’s course, you could be eligible to apply for a Chevening Scholarship. If your application is successful, you could expect to have your master’s fees paid, up to a maximum of £18,000, and receive additional help with living costs.

Consejo Nacional de Ciencia y Tecnologia (CONACyT) Award

  • International students
  • Mexico

If you’re a Mexican student joining a master’s degree, you could be eligible to apply for a 30% discount on your tuition fees with a CONACyT Award.

Fund for the Development of Human Resources (FIDERH) Award

  • International students
  • Mexico

If you’re a Mexican student joining a master’s degree and you’re in receipt of a FIDERH graduate loan, you could be eligible to benefit from a 20% discount on your tuition fees with a FIDERH Award.

Fulbright Scholarship

  • International students
  • United States

If you’re a USA student joining a master’s degree, you can apply to be considered for a tuition fee discount of £20,000 with a Fulright Scholarship. One Fulbright Scholarship for master’s study is available in each academic year.

FUNED Award

  • International students
  • Mexico

If you’re a Mexican student joining a master’s degree and you’re in receipt of a FUNED loan, you can apply to be considered for a 20% tuition fee discount. A total of up to 50 awards will be available to master’s and PhD students per academic year.

Hong Kong Graduate Association & Tung Foundation Postgraduate Scholarships

  • International students
  • China
  • Hong Kong

If you’re a master’s student from Hong Kong or the People’s Republic of China who can demonstrate academic excellence, you may be eligible to apply for a scholarship worth up to £10,000 in partnership with the Tung Foundation.

HRH Princess Sirindhorn University of Liverpool Scholarship (Thailand)

  • International students
  • Thailand

If you’re a student from Thailand joining a one-year master’s degree, you might be eligible to apply to have your tuition fees paid in full and receive help with living costs. One award is available and only students who are new to the University will be considered.

Humanitarian Scholarships for Master’s Programmes

  • International students

Do you have recognised status as a refugee or person with humanitarian protection outside the UK? Or are you a Ukrainian who’s sought temporary protection in the EU? You could be eligible to apply for the full payment of your master’s fees and additional financial support.

John Lennon Memorial Scholarship

  • Home students

If you’re a UK student, either born in or with strong family connections to Merseyside, you could be eligible to apply for a fee discount of up to £4,500. You’ll need to demonstrate an active interest in global, community and environmental issues to be considered.

JuventudEsGto Scholarship

  • International students
  • Mexico

If you’re a resident of the state of Guanajuato in Mexico joining a master’s degree, you could be eligible for a 10% discount on your tuition fees with a JuventudEsGto Scholarship.

Marshall Scholarship

  • International students
  • United States

If you’re a USA student joining an eligible master’s with us, you could be eligible to apply for a Marshall Scholarship. If your application is successful, your master’s tuition fees will be paid in full. One Marshall Scholarship for master’s study is available in each academic year.

Postgraduate Opportunity Bursary

  • Home students

If you’re a UK University of Liverpool graduate joining a master’s degree with us, you could be eligible to receive £3,000 off your tuition fees. You must have graduated in the last two years and received a widening access scholarship during your undergraduate studies.

Sport Liverpool Performance Programme

  • Home and international students

Apply to receive tailored training support to enhance your sporting performance. Our athlete support package includes a range of benefits, from bespoke strength and conditioning training to physiotherapy sessions and one-to-one nutritional advice.

Turkish Ministry of Education Scholarship

  • International students
  • Turkey

If you’re a Turkish student joining a master’s degree, you could be eligible to apply for a 20% discount on your tuition fees with a Turkish Ministry of Education Scholarship.

University of Liverpool International College Excellence Scholarship

  • International students

Completed a Pre-Master’s at University of Liverpool International College (UoLIC)? We’re offering a £5,000 fee discount off the first year of master’s study to some of the highest achieving students joining one of our non-clinical master’s courses from UoLIC.

University of Liverpool International College Impact Progression Scholarships

  • International students

If you’re a University of Liverpool International College student awarded a Kaplan Impact Scholarship, we’ll also consider you for an Impact Progression Scholarship. If selected, you’ll receive a fee discount worth £3,000 off the first year of your master’s course.

Vice-Chancellor’s International Attainment Scholarship for Mainland China

  • International students
  • China

Are you a high-achieving graduate from the People’s Republic of China with a degree from a Chinese university? You could be eligible to apply for a £5,000 fee discount if you’re joining an eligible master’s course. Up to 15 eligible students will receive this scholarship.

Entry requirements

The qualifications and exam results you'll need to apply for this course.

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Your qualification Requirements

About our typical entry requirements

Postgraduate entry requirements

A 2:1 Honours degree (or overseas equivalent) in Finance, Accounting, Economics, Mathematics, Engineering, Science or Business.

We are able to offer a level of flexibility for applicants. Those with a 2:2 honours degree will be considered on an individual basis.

A wide range of subjects is acceptable, but please contact us if you wish to check whether your degree subject is suitable. Candidates who do not meet these requirements will be considered on their individual merits and should discuss their particular circumstances with the Programme Director.

Applications from students with a professional background rather than an undergraduate degree will be assessed in accordance with the principles of the University’s AP(E)L policy, and the practice and precedents of the Faculty of Humanities and Social Sciences.

 

International qualifications

If you hold a bachelor’s degree or equivalent, but don’t meet our entry requirements, you could be eligible for a Pre-Master’s course. This is offered on campus at the University of Liverpool International College, in partnership with Kaplan International Pathways. It’s a specialist preparation course for postgraduate study, and when you pass the Pre-Master’s at the required level with good attendance, you’re guaranteed entry to a University of Liverpool master’s degree.

English language requirements

You'll need to demonstrate competence in the use of English language, unless you’re from a majority English speaking country.

We accept a variety of international language tests and country-specific qualifications.

International applicants who do not meet the minimum required standard of English language can complete one of our Pre-Sessional English courses to achieve the required level.

English language qualification Requirements
IELTS 6.5 overall, with no component below 6.0
TOEFL iBT 88 overall, with minimum scores of listening 19, writing 19, reading 19 and speaking 20. TOEFL Home Edition not accepted.
Duolingo English Test 120 overall, with no component below 105
Pearson PTE Academic 61 overall, with no component below 59
LanguageCert Academic 70 overall, with no skill below 65
PSI Skills for English B2 Pass with Merit in all bands
INDIA Standard XII National Curriculum (CBSE/ISC) - 75% and above in English. Accepted State Boards - 80% and above in English.
WAEC C6 or above

PRE-SESSIONAL ENGLISH

Do you need to complete a Pre-Sessional English course to meet the English language requirements for this course?

The length of Pre-Sessional English course you’ll need to take depends on your current level of English language ability.

Find out the length of Pre-Sessional English course you may require for this degree.

Pre-sessional English

If you don’t meet our English language requirements, we can use your most recent IELTS score, or the equivalent score in selected other English language tests, to determine the length of Pre-Sessional English course you require.

Use the table below to check the course length you're likely to require for your current English language ability and see whether the course is available on campus or online.

Your most recent IELTS score Pre-Sessional English course length On campus or online
6.0 overall, with no component below 6.0 6 weeks On campus
6.0 overall, with no component below 5.5 10 weeks On campus and online options available
6.0 overall, with no more than one component below 5.5, and no component below 5.0 12 weeks On campus and online options available
5.5 overall, with no more than one component below 5.5, and no component below 5.0 20 weeks On campus
5.0 overall, with no more than one component below 5.0, and no component below 4.5 30 weeks On campus
4.5 overall, with no more than one component below 4.5, and no component below 4.0 40 weeks On campus

If you’ve completed an alternative English language test to IELTS, we may be able to use this to assess your English language ability and determine the Pre-Sessional English course length you require.

Please see our guide to Pre-Sessional English entry requirements for IELTS 6.5, with no component below 6.0, for further details.

About our entry requirements

Our entry requirements may change from time to time both according to national application trends and the availability of places at Liverpool for particular courses. We review our requirements before the start of the new application cycle each year and publish any changes on our website so that applicants are aware of our typical entry requirements before they submit their application.

We believe in treating applicants as individuals, and in making offers that are appropriate to their personal circumstances and background. Therefore the offer any individual applicant receives may differ slightly from the typical offer quoted on the website.

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Why Liverpool?

Liverpool bursts with diversity and creativity which makes it ideal for you to undertake your postgraduate studies and access various opportunities for you and your family.

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Accommodation

To fully immerse yourself in the university experience living in halls will keep you close to campus where you can always meet new people. Find your home away from home.

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Fees and Finance

Discover what expenses are covered by the cost of your tuition fees and other finance-related information you may need regarding your studies at Liverpool.

Changes to Finance and Investment Management MSc

See what updates we've made to this course since it was published. We document changes to information such as course content, entry requirements and how you'll be taught.