Investment Management (Taught)

Our MSc Investment Management programme allows you to develop specialist expertise to help you transition into professional and managerial careers in investment analysis and management, in the public and private sectors. The programme has been developed to cover many aspects of the Chartered Financial Analyst (CFA) Institute examination syllabus, positioning you well to obtain the Chartered Financial Analyst designation. This will make you highly sought after upon graduation, giving you access to opportunities in employment, further education, and research.

During the master’s programme, you’ll develop a systematic understanding and knowledge of investment management and gain a critical awareness of current issues within the academic discipline and professional practice. You’ll understand and evaluate a comprehensive range of research techniques used in investment management and how these are put into practice, to create and interpret knowledge. You’ll cover the core theories and concepts in finance and investment, including different approaches adopted in the formulation of finance and investment theory, specialised theories and models such as CAPM, APT and ARCH used in the analysis of financial markets, contemporary issues in investment management, and how institutional investors operate. You’ll learn how to follow complex lines of reasoning, expressed both verbally and algebraically, assess empirical and qualitative evidence, and assess alternative theories, explanations or points of view regarding a given investment question. Throughout the programme, you’ll develop critical thinking and analyses, as you evaluate investment management academic research, professional research and pronouncements and financial and business media articles.

Your learning will equip you with highly employable expertise across crucial areas of investment management. You’ll have the opportunity to choose four optional courses – from corporate finance, corporate governance and sustainability, financial analysis, international accounting standards, emerging financial markets, comparative financial reporting, derivatives, empirical financial modelling, and advanced valuation of financial markets – to customise your learning and develop your investment management interests. Your dissertation will allow you to build upon your expertise, by carrying out an original research project at the forefront of knowledge.

Your learning environment

The MSc Investment Management programme is taught through a combination of lectures, tutorials and group work allowing you to get to know and build relationships with your peers, the teaching staff and academics. You will be assessed by coursework, exams, and your dissertation, and will receive support and feedback throughout the programme.

Customise your learning

You’ll learn from the core four courses on the syllabus, with the choice of four optional courses to focus on the area of investment management that interests you the most. This allows you to customise your degree to match your specific interests or career pathway by selecting a specialist course option.

In semester three, you’ll explore in-depth your chosen area of investment management through your dissertation. You will be required to demonstrate your mastery of the subject area by developing new insight from the analysis of valuable primary research.

Accreditation

The Chartered Financial Analyst Institute (CFA®) recognises our MSc Investment Management programme as an affiliated degree through their University Affiliation Program.The CFA Institute University Affiliation Program means you’ll learn from an industry-focused curriculum informed by professional practice and prepare you to sit for the CFA examinations. This partnership also allows you to gain one of three scholarships Heriot-Watt offers for students going on to the CFA programme.