Prestigious Scottish Funding Council Awards are available to high calibre applicants for this
programme. The SFC has selected this programme in recognition of the high demand for students with these qualifications.
The awards cover all tuition costs; for further information, please see: funded places.
This programme will look at the economic and financial determinants of financial risk including market risk and some elements of liquidity and counterpart risk. You will learn how to take advantage of the opportunities inherent to financial risk.
- You will learn about the determination of interest rates in bind markets, about risk management, bank regulation and the preventive role of financial regulation.
- You will learn from internationally published academics in financial economics, many of whom have worked as research collaborators or consultants with the IMF, World Bank, numerous central banks and HM Treasury.
- The University of Glasgow Adam Smith Business School celebrates the legacy of Adam Smith by developing enlightened, enterprising and engaged graduates and internationally-recognised research with real social impact.
You will take four core courses, two optional courses and complete a substantial independent piece of work, normally in the form of a dissertation.
Teaching is based on lectures which also allow opportunities for class discussion. Technical subjects are supported by weekly or fortnightly small tutorials, which provide opportunities for you to engage with some issues or questions in a group format. Some courses also involve lab sessions using specialised software.
- Basic econometrics
- Economic fundamentals and financial markets
- Financial markets, securities and derivatives
- Financial risk analysis.
Students can drop Basic Econometrics and take Modelling and Forecasting Financial Markets as a core subject if they have a strong background in Econometrics.
Sample optional courses
- Advanced portfolio analysis (Portfolio analysis and investment is a co-requisite for this course)
- Applied computational finance
- C++ in Finance (Mathematical finance is a co-requisite for this course)
- Corporate finance and investment
- Corporate finance theory
- Empirical asset pricing
- Financial derivatives (Mathematical finance is a co-requisite for this course)
- Financial market micro structure
- Financial services
- Game theory with applications in economics and finance
- Hedge fund risk management
- International finance and money
- Mathematical finance
- Modelling and forecasting financial markets
- Portfolio analysis and investment.
Emin Musayev, Azerbaijan (2012-13)
‘I decided to study at the University of Glasgow because it is highly ranked worldwide and makes a practical contribution to the world economy. Aside from my programme I enjoyed the clubs, parks and the nature around the University of Glasgow. It has been fabulous to study here, thanks for everything!’
Siwei Luo, China (2012-13)
‘The University of Glasgow Adam Smith Business School is very well known in China and has an excellent reputation. The examination process is very professional, and the library facilities were great.’
Xuefeng Wan, China (2012-13)
‘I chose the University of Glasgow because of its long history and the good reputation of the Adam Smith Business School. Meeting the Scottish people and learning new things has made my time at the University even more enjoyable.’
The Adam Smith Business School is one of an elite group of less than 1% of the world’s business schools that hold triple accreditation. The School is accredited by AACSB and EQUIS, with the MBA programme also accredited by AMBA. Triple accreditation is an internationally recognised benchmark that validates the credibility and performance of the Adam Smith Business School.
The AACSB Accreditation Process includes rigorous self-evaluation and peer-review elements. The Adam Smith Business School meets all of AACSB’s Accreditation Standards and was first awarded the accreditation in 2007.
EQUIS accreditation is one of the most important benchmarks available to business schools worldwide. Institutions that are accredited by EQUIS must demonstrate not only excellence in teaching, the student experience, research and outreach, but also a high degree of internationalisation and interaction with the corporate world.
for entry in 2016
2:1 Honours degree or non-UK equivalent (eg, a GPA of 3.0 or above) in Economics, Finance, Engineering, Physics, or another highly mathematical discipline.
International students with academic qualifications below those required should
contact our partner institution, Glasgow International College, who offer a range of pre-Masters courses.
For applicants whose first language is not English, the University sets a minimum English Language proficiency level.
International English Language Testing System (IELTS) Academic module (not General Training):
- overall score 6.5
- two sub-tests no less than 6.5, no sub-test less than 6.0
- or equivalent scores in another recognised qualification (see below)
Common equivalent English language qualifications
All stated English tests are acceptable for admission for both home/EU and international students for this programme:
- ibTOEFL: 92; no sub-test less than 20
- CAE (Cambridge Certificate of Advanced English): 176 overall; two sub-tests no less than 176; no other sub-test less than 169
- CPE (Cambridge Certificate of Proficiency in English): 176 overall; two sub-tests no less than 176; no other sub-test less than 169
- PTE Academic (Person Test of English, Academic test): 60; no sub-test less than 59
- Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests
For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.
The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:
What do I do if...
my language qualifications are below the requirements?
The University's English for Academic Study Unit offers a range of Pre-Sessional Courses to bring you up to entry level. The course is accredited by BALEAP, the UK professional association for academic English teaching; see Links.
my language qualifications are not listed here?
Please contact the Recruitment and International Office: email@example.com
For further information about English language requirements, please contact the Recruitment and International Office: firstname.lastname@example.org
Tuition fees for 2016-17
|Home and EU|
|Full time fee||£9700|
|Full time fee||£20500|
Fees are subject to change and for guidance only
The University requires a deposit of £2000 to be paid by International (beyond the EU) applicants in receipt of an offer to this programme.
As a graduate you will be qualified to work in organisations such as central banks, investment banks, the IMF and the World Bank, asset management firms and governments bodies. Recent graduates have gone on to work at Morgan Stanley, HSBC, Deloitte, Development Bank of China, and different banks around the world.
We ask that you apply online for a postgraduate taught degree. Our system allows you to fill out the standard application form online and submit this to the University within 42 days of starting your application.
You need to read the guide to applying online before starting your application. It will ensure you are ready to proceed, as well as answer many common questions about the process.
Do I have to apply online for a postgraduate taught degree?
Yes. To apply for a postgraduate taught degree you must apply online. We are unable to accept your application by any other means than online.
Do I need to complete and submit the application in a single session?
No. You have 42 days to submit your application once you begin the process. You may save and return to your application as many times as you wish to update information, complete sections or upload additional documents such as your final transcript or your language test.
What documents do I need to provide to make an application?
As well as completing your online application fully, it is essential that you submit the following documents:
- A copy (or copies) of your official degree certificate(s) (if you have already completed your degree)
- A copy (or copies) of your official academic transcript(s), showing full details of subjects studied and grades/marks obtained
- Official English translations of the certificate(s) and transcript(s)
- Two supporting reference letters on headed paper
- Evidence of your English Language ability (if your first language is not English)
- Any additional documents required for this programme (see Entry requirements for this programme)
- A copy of the photo page of your passport (Non-EU students only)
If you do not have all of these documents at the time of submitting your application then it is still possible to make an application and provide any further documents at a later date, as long as you include a full current transcript (and an English translation if required) with your application. See the ‘Your References, Transcripts and English Qualification’ sections of our Frequently Asked Questions for more information.
Do my supporting documents need to be submitted online?
Yes, where possible, please upload the supporting documents with your application.
How do I provide my references?
You must either upload the required references to your online application or ask your referees to send the references to the University as we do not contact referees directly. There is two main ways that you can provide references: you can either upload references on headed paper when you are making an application using the Online Application (or through Applicant Self-Service after you have submitted your application) or you can ask your referee to email the reference directly to email@example.com. See the 'Your References, Transcripts and English Qualifications' section of the Frequently Asked Questions for more information.
What if I am unable to submit all of my supporting documents online?
If you cannot upload an electronic copy of a document and need to send it in by post, please attach a cover sheet to it that includes your name, the programme you are applying for, and your application reference number.
You may send them to:
Recruitment & International Office
71 Southpark Avenue
Fax: +44 141 330 4045
Can I email my supporting documents?
No. We cannot accept email submissions of your supporting documents.
What entry requirements should I have met before applying? Where can I find them?
You should check that you have met (or are likely to have met prior to the start of the programme) the individual entry requirements for the degree programme you are applying for. This information can be found on the ‘entry requirements’ tab on each individual programme page, such as the one you are viewing now.
What English Language requirements should I have met before applying? Where can I find them?
If you are an international student, you should also check that you have met the English Language requirements specific to the programme you are applying for. These can also be found on the ‘entry requirements’ tab for each specific programme.
Please see the Frequently Asked Questions for more information on applying to a postgraduate taught programme.
Guidance notes for using the online application
These notes are intended to help you complete the online application form accurately, they are also available within the help section of the online application form. If you experience any difficulties accessing the online application then you should visit the Application Troubleshooting/FAQs page.
- Name and Date of birth: must appear exactly as they do on your passport. Please take time to check the spelling and lay-out.
- Contact Details: Correspondence address. All contact relevant to your application will be sent to this address including the offer letter(s). If your address changes, please contact us as soon as possible.
- Choice of course: Please select carefully the course you want to study. As your application will be sent to the admissions committee for each course you select it is important to consider at this stage why you are interested in the course and that it is reflected in your application.
- Proposed date of entry: Please state your preferred start date including the month and the year. Taught masters degrees tend to begin in September. Research degrees may start in any month.
- Education and Qualifications: Please complete this section as fully as possible indicating any relevant Higher Education qualifications starting with the most recent. Complete the name of the Institution (s) as it appears on the degree certificate or transcript.
- English Language Proficiency: Please state the date of any English language test taken (or to be taken) and the award date (or expected award date if known).
- Employment and Experience: Please complete this section as fully as possible with all employments relevant to your course. Additional details may be attached in your personal statement/proposal where appropriate.
- References: Please provide the names and contact details of two academic references. Where applicable one of these references may be from your current employer. References should be completed on letter headed paper and uploaded on to your application.
International applications (non-EU) deadline
There is high demand for places in the Adam Smith Business School. The University recognises that applicants from all geographical regions cannot complete and submit their applications at the same time and, to ensure fairness for international applicants, a two deadline process has been established:
- Equal consideration deadline: 15 December 2015
- Minority countries application window deadline: 31 March 2016
All international applications submitted before 15 December 2015 will be reviewed and processed normally with no priority given to any geographic region.
Between 16 December 2015 and 31 March 2016, priority will be given to applications which come from geographic areas which have been unable to submit applications before that point.
Please note that international applications received after 31 March 2016 may be considered for some programmes following a review of available places.
UK and EU Application Deadline
Classes start September 2016 and you may be expected to attend induction sessions the week before.
A fee of £25 per application must be paid by all applicants to this programme. The application fee will be requested when you apply online and it can be paid using your credit or debit bank card.
The application fee is non-refundable so it is important that you check any specific entry requirements for the programme. If you are applying with qualifications from outside the UK then you should check the postgraduate taught entry requirements for your country: see International students: In your country
Applicants who are sponsored may have the application fee waived at the point of applying online. However if the sponsorship status changes before the student registers with the University and the student is self-funding the University reserves the right to invoice the student for the initial application fee.
Find out more about Application fees
Please note: applications for SFC funded places are open for entry in September 2016.