Delivered by the triple-accredited Aston Business School, the MSc Investment Analysis and Risk programme offers a comprehensive journey into finance and investment. Focused on practical application in trading and corporate settings, it integrates hands-on experience with Python programming and Bloomberg terminals. This course covers crucial areas such as security valuation, portfolio management and global market dynamics.
The curriculum balances practical skills with theoretical insights into investment valuation, trading techniques and corporate finance.
Improving our students’ learning experience and wellbeing is at the centre of everything we do, and that is why we are implementing an innovative learning approach known as block teaching. This will enhance our students’ educational journey and emotional wellbeing.
“Aston Business School is highly valued in the UK and having identified the career path I wished to pursue, the course ticked all the boxes. The content is extremely focused and geared towards a career in Investment and enabled me to follow my desired career path.”
Why Investment Analysis and Risk at Aston University?
Joint 11th the UK
Aston Business School is ranked joint 11th the UK (Eduniversal Business School Rankings 2024)
Recognised for quality
Aston Business School is proud to be among 1% of business schools worldwide with triple accreditation
Safe in our hands
Ranked top 10 in the UK for ‘graduate prospects – on track’ (Accounting and Finance; Complete University Guide, 2024)
4th in the UK
We have been ranked 4th in the UK and 16th in Europe (Financial Markets; Eduniversal Best Masters Rankings, 2024)
66th in the world
We’ve been ranked as 66th in the world for business and management studies (QS World University Rankings By Subject 2024)
Top 100 in Europe
We've been ranked 17th in the UK and 97th in Europe (Financial Times European Business Schools ranking 2024)
Le's story
Finance student Le shares her reasons for choosing Aston University, her favorite module, and advice she would give to future students.
We're serious about employability
As a postgraduate student, you will have access to dedicated careers guidance with specialist support from our experienced team of careers consultants
Gain a competitive edge
As well as opening doors, an Aston University postgraduate degree builds on your experience, develops your skills and gives you a competitive edge in a crowded job market.
Course description
MSc Investment Analysis and Risk
Our MSc Investment Analysis and Risk programme blends in-depth investment theory and trading techniques with practical application, equipping you for a dynamic career in investment, finance and related fields.
What we will provide Expert-led education at our triple-accredited business school, enriched with research-based content and interactive teaching. The Aston Global Advantage module is designed to enhance your employability through robust industry connections and key placement opportunities. Experience hands-on learning, including access to Bloomberg trading terminals, for practical insights into the field.
We are also an Adobe Creative Campus meaning you will have access to top-notch software licenses, including Adobe and Solidworks, commonly used in industry.
What you will provide It is important to learn how to adopt a growth mindset in your studies, understanding that intelligence and success stem from applying yourself, willingness to learn and having ambition and drive to excel.
What skills we teach The MSc Investment Analysis and Risk programme hones essential skills for navigating complex financial scenarios. It emphasises quantitative analysis, effective decision-making and hands-on experience with Bloomberg terminals. The programme will foster your ability to work in teams and enhance your practical understanding, equipping you for various financial environments after graduation.
Career prospects As an Aston University Investment Analysis and Risk graduate, you will have diverse career opportunities in finance, securing roles in investment and retail banks, wealth management, consultancies and beyond. Our alumni are employed by organisations such as PwC, HSBC and Deutsche Bank, excelling in positions like investment banking analyst and wealth management analyst.
How you will learn
Our MSc Investment Analysis and Risk programme has been carefully designed to align with the demanding standards and dynamic nature of the global financial industry. This programme is tailored to equip you with an extensive understanding of finance and investment, combined with practical skills and analytical prowess, setting you up for a successful and rewarding career in the financial sector.
This programme has a strong practical element. You’ll gain hands-on experience working with real-time financial, accounting and economic data, thanks to our dedicated trading room facility and industry leading software. This exposure will give you the confidence and technical capability to gain a competitive edge in the job market.
In the Aston Global Advantage module, you will gain a competitive edge by honing your professional skills and preparing for success in a fast-paced global environment. You will tackle real-world challenges, dive into entrepreneurship and work on team-based business simulations.
At the start of your course, you will be allocated a personal tutor who can offer individual study advice and guidance. You will also benefit from access to the University Library's extensive collection of over 25,000 books and electronic journals.
Gain the advantage
Our flagship professional development module provides a range of opportunities to apply your learning and increase your employability.
Our MSc Investment Analysis and Risk programme explores the complexities of financial markets, investment valuation and risk management, emphasising practical financial analysis skills.
In the taught stage, you will develop a deep understanding of global financial market structures, investment decision-making models and risk mitigation techniques. You will gain proficiency in quantitative methods and learn to apply valuation techniques used in investment analysis, preparing you for strategic financial decision-making. This stage sets a solid foundation for your advanced research project and a successful career in finance.
In the dissertation phase, you will complete a research project on a investment analysis and risk topic of your choice, showcasing your ability to conduct independent research with a clear consideration of ethics, theory and methods.
Well balanced
Reflecting on her time at Aston University, Lan Xu described her course as “well balanced in terms of theory and practice” with lecturers who were “very helpful”.
Provides you with advanced theoretical knowledge and applied analytical skills necessary to excel as a financial professional.
Provides a rigorous study programme, aligned with modern investment analysis theories and industry practices for decision making.
Understand and apply the main valuation techniques used in the investment analysis industry.
Develops your critical understanding of financial markets and instruments to implement sophisticated investment decisions in complex and dynamic global environments.
Develops your skills to communicate investment and financial quantitative analysis and their conclusions in a clear and precise manner to a specialist and non-specialist audience.
Provides you with the opportunity to enhance your employability skills by equipping you with key professional skills and competencies required for success in a global business context.
In the taught stage you will study the following core modules in Term 1:
Module Title
Credits
Derivatives This module offers a comprehensive understanding of derivative markets and the valuation of financial instruments. You will acquire employability skills by learning to apply no-arbitrage pricing techniques and implement trading and hedging strategies using derivatives. The module fosters an enterprising approach through practical applications and real-world scenarios involving exotic options and interest rate derivatives. Experiential learning is embedded through case studies and quantitative exercises, allowing students to develop critical skills in financial modelling and risk assessment. The module also addresses ESG considerations, focusing on the governance and ethical implications of derivative trading.
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Introduction to Financial Econometrics This module immerses you in the practical application of econometric techniques, using statistical software to analyse financial data and address real-world challenges in finance. You will apply econometric models to financial datasets, gaining hands-on experience with industry-standard statistical software. The module emphasises experiential learning, where you engage in data-driven projects that mirror real-world challenges, enhancing your employability and fostering innovation.
15
You will choose one of the following optional modules:*
Module Title
Credits
Corporate Treasury and Financial Analysis This module introduces you to financial analysis and treasury management, helping you make smart financial decisions and offer strategic advice. You will learn how to evaluate different finance options and support decision-making by studying financial statements. The module also focus on the corporate treasury management function, teaching you how to handle cash flow, liquidity, and financial risks like currency and interest rate changes. With a focus on both theory and practical skills, you will gain useful financial management abilities for the workplace.
15
Python for Finance This module introduces you to Python, a powerful tool for data analysis and financial problem-solving. Through hands-on learning, you will develop Python programming skills tailored to finance, enhancing employability with a highly sought-after skill set. Projects reflect industry challenges, fostering innovative, and data-driven solutions. This module is essential for bridging the gap between theory and practical application, preparing you for advanced challenges in finance.
15
In Term 2 you will study the following core modules:
Module Title
Credits
Investment Management This module prepares you for a successful career in investment management by focusing on practical skills and knowledge essential for employability in the finance sector, contributing to sustainable development. You will learn to evaluate and implement effective asset allocation and security selection strategies through critical analysis of portfolio management theories. Experiential learning is emphasised through real-world applications, enhancing your ability to make informed investment decisions while considering the broader impact of their choices. The module covers essential performance measurement statistics, ensuring you are well-prepared to excel in the dynamic world of investment management and have a strong foundation in ethical and responsible investing.
15
Trading Techniques The Trading Techniques module equips you with essential skills and knowledge to navigate financial markets effectively. You will understand trading mechanics and market structure, enabling you to identify key market participants and their roles. You will learn to analyse market dynamics, including market news and macroeconomic factors which influence price movements of volatility. The module emphasises technical trading strategies and how to use charts and visual indicators to identify trends and make informed trading decisions. Additionally, you will explore behavioural finance, gaining insights into behavioural aspects of trading. By integrating these concepts, you will develop a comprehensive understanding of trading techniques, enhancing your ability to succeed in various market environments.
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The Aston Global Advantage The Aston Global Advantage is our professional development programme that runs throughout all MSc programmes at Aston Business School. Focusing on professional development and employability, this integrated module gives you the opportunity to identify, develop and apply the key transferrable skills you will gain throughout the year.
15
In Term 3 you will study the following core modules:
Module Title
Credits
Fixed Income Securities Explore the dynamic field of fixed income securities in this module designed for aspiring finance professionals. You will develop a robust understanding of fixed income instruments, applying analytical techniques to value bonds and manage interest rate risks through practical financial modelling. The module fosters enterprise by encouraging innovative problem-solving in bond portfolio management and enhances employability through engagement with real-world financial scenarios. The module promotes responsible and ethical decision-making through advanced risk management of these securities.
15
Security Analysis You will dive into the dynamic world of equity valuation with the Security Analysis module. You will learn to critically evaluate publicly traded equity securities and identify sources of market mispricing in multiple economic contexts. Through practical modelling techniques and analysis of valuation frameworks, you will navigate the complexities of equity valuation. The module emphasises experiential learning via real-world case studies and discussions of the investment philosophies of seasoned investment professionals, enhancing the investment skills that prepare you for careers in equity research. By mastering security analysis, this module increases your employability, equipping you to make informed and sustainable stock investment choices in the international financial landscape.
15
Applied Research Methods and Skills This is an exciting opportunity for you to develop key problem solving and research skills which will allow you to follow your passion, use the strengths and interests developed during your degree, and creatively learn how ethically to explore this. This module equips managers and leaders of the future with the skills critically to evaluate research-based information. It covers various research methods and techniques, highlighting their strengths and weaknesses.
15
*Availability of any optional modules will be subject to staff availability and a minimum number of students who express an interest in studying the optional modules.
Dissertation stage modules
In the dissertation stage you will study the following core module:
Module Title
Credits
Independent Project The research project offers a unique opportunity for you to take the initiative and dive deep into a specific topic, fostering personal and academic growth. Building on the foundational knowledge gained in the taught portion of the programme, this module sharpens essential analytical and academic skills for lifelong learning in today's dynamic business landscape. By conducting independent empirical or theoretical research, you gain a deeper understanding of their chosen subject and contribute to the field. Additionally, this module serves as a stepping stone for those considering further research degrees.
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Programme outcomes
On successful completion of both the taught and dissertation stage, you will be able to:
Demonstrate a critical understanding of capital markets and an in-depth knowledge of the various securities traded in these markets.
Design, implement and critically assess investments using technical skills to help managers make informed decisions.
Explain and appraise various investment proposals using stocks, bonds, derivatives, and alternative assets while demonstrating an advanced knowledge of portfolio management techniques.
Demonstrate an advanced understanding of risk in the investment context and critically apply relevant techniques at an investor's disposal to appraise and mitigate risk exposures.
Apply regulatory, ethical, and sustainability considerations to assess investments and risk management decisions.
Develop communication (oral and written) and presentation skills; and communicate technical analysis and its results to different audiences.
Critically evaluate and apply a diverse set of transferable skills essential for a successful career in investment analysis, contributing to enhanced employability.
Undertake independent research by formulating well-defined research questions, critically evaluating and applying appropriate research techniques, and drawing informed conclusions and recommendations.
We may update our courses to reflect best practices and academic developments. If we do, we’ll let you know of any changes at the earliest opportunity by updating our course webpages. If you have already received an offer, we’ll write to you directly to let you know of the changes.
Entry requirements
One of the following:
2:2 (lower second-class honours) degree or equivalent
Equivalent overseas degree recognised by Aston University (see international students tab below for more information)
We encourage applications from those with a background in economics, engineering, finance, mathematics, statistics or related disciplines. However, if you do not hold a degree in one of these subjects, you may still be eligible for the programme if you can evidence prior studies in mathematics or statistics within your degree or at A Level for home students. Prior studies in mathematics/statistics/quantitative modules should be at a minimum grade of 50%.
You will also need to provide:
A professional reference
If you are a current student or recent graduate (within the last 2-3 years), we will ask for an academic reference
If you are currently employed and not a recent graduate, we will ask for a professional reference
An official academic transcript of your university grades to date
A completed application form.
Aston University is a diverse, close community and welcomes international students on many of our postgraduate programmes. Students from over 120 countries choose to study with us every year. Based in the centre of Birmingham, Aston is not only a great place to study but also a great place to live.
Qualifications in your country
For details of equivalent qualifications in your country, use our area pages below:
Aston University provides a range of opportunities for international students to join our community and study on our campus. A key part of our strategy is our relationships with teaching partners, providing multiple pathways to Aston.
Aston’s professional work placements can improve your chance of securing a graduate job. Placements give you experience, confidence and opportunities and, as an Aston student, you’ll be better prepared for your future career. One of the great things about Aston is our focus on employability. Our close links with businesses, industries and professions make this possible.
Aston University welcomed the creation of a new Graduate Immigration Route which enables international students to remain in the UK for two years after you complete your studies to find work. This new post-study work visa applies to international students completing full-time undergraduate and postgraduate courses.
If you don’t meet our entry requirements, we have a range of pathway programmes offered by our partner, ONCAMPUS Aston, which you can complete to progress onto one of our degrees.
We recognise the value of extensive professional experience. If you do not have the academic qualifications but have extensive and relevant professional experience and a proven ability to succeed, we would welcome your application.
The information contained on this website details the typical entry requirements for this course for the most commonly offered qualifications.
Applicants with alternative qualifications may wish to enquire with the relevant admissions teams prior to application whether or not their qualifications are deemed acceptable. For less commonly encountered qualifications this will be judged on a case-by-case basis in consultation with the academic admissions tutor.
Speak to our Admissions Team
If you have any questions about the application process please get in touch with our postgraduate admissions team:
The United Kingdom government has confirmed that European Union (EU), other European Economic Area (EEA) and Swiss nationals commencing academic courses in England from August 2021 will no longer be charged the same tuition rates as UK students.
Tuition fees for students are reviewed annually and may increase in subsequent years in line with inflation linked to the Retail Price Index (RPI) to take account of the University’s increased costs of delivering the Programme. Any such increase shall always be in accordance with the law. When undertaking a placement year, a placement year fee applies.
At Aston University we are committed to supporting the most talented and hardworking students to achieve their potential by providing a range of scholarships to help lower tuition and living costs.
You will be assessed through a combination of written and oral examinations, class tests, individual and group coursework, projects, presentations and practical assessments.
Career prospects
The transferable skills that our finance programmes provide mean that our graduates are successful in finding employment in a wide range of roles such as:
Fund manager
Banker
Operations executive
Commercial accountant
Investment banking analyst
Financial analyst
Financial consultant
Foreign investment specialist
Auditor
Our graduates have gone on to work at companies such as J.P.Morgan Chase, Deloitte, Deutsche Bank, Ernst and Young, GE Healthcare, Industrial Commerical Bank of China, JDX Consulting, Morgan Stanley, Infosys and Amazon.
Persistence pays
Paras Khistriya proves that hard work pays off, advising others to “keep going until you hit the jackpot and always have positive people around you”.
Our graduates achieve amazing things all over the world – whether it’s setting up their own businesses, landing jobs with high profile organisations, or making real differences within their communities.
Why study Investment Analysis and Risk at Aston University?
Studying Investment Analysis and Risk at Aston University offers a unique blend of theoretical knowledge and practical skills, essential for a successful career in finance. Delivered by the triple-accredited Aston Business School, the programme emphasises hands-on experience with Python programming and Bloomberg terminals, ensuring you're well-versed in key industry tools.
You'll delve into global market dynamics, security valuation and portfolio management, gaining insights immediately applicable in professional settings. With affiliations to the CFA Institute and CMT Association, the course not only aligns with international financial standards but also provides opportunities for masterclasses and scholarships for CFA and CMT exams.
This approach, combined with opportunities for internships or study abroad, not only enriches your learning experience but also significantly enhances your career prospects. It connects you to roles in top organisations, preparing you for a dynamic and successful career in the financial sector.
What is the ‘Aston Global Advantage’?
Embedded in all our masters degrees, this assessed module aims to develop professional and personal transferrable skills relevant to any workplace and create a bridge between the degree and the world of work.
Why should I study my postgraduate degree at Aston University?
There are lots of benefits of studying a postgraduate degree at Aston University.
Watch this video from MBA student, Monique, who talks about just a few of them:
Is Birmingham a good place to study?
Our campus is based in the centre of Birmingham, the youngest major city in Europe and a great place to live, work and study.
Great music and entertainment with a vibrant nightlife. Bars, clubs, pubs, live music, festivals, concerts. Whatever your tastes, there's something here for everyone.
Fantastic food. Birmingham's diverse community means you can try anything from the famous Balti triangle, the Chinese Quarter, high street chains, halal and vegan food, and Michelin-star dining.
World-class shopping. The Bullring and Grand Central is a shopper's paradise. From the world's biggest Primark to luxury brands at the Mailbox.
Arts and culture. Museums, galleries, theatres, concerts and Birmingham's art collection is as wide as it is impressive - not to be missed.
Green, open spaces. One of the greenest cities in Europe, Birmingham has hundreds of publicly accessible parks and green spaces across the city.
Sporting action. Birmingham has some of the most exciting venues for watching or participating in sport in the UK.
We understand how important it is to know your timetable in advance for planning around work, childcare, or other responsibilities. Here's some basic guidance on what to expect regarding your student timetable.
Full-time programmes
As a rough estimate, full-time postgraduate students in the College of Business and Social Sciences should expect to spend about 12-15 hours per week in lectures and on-campus seminars. This is in addition to independent study, and there may be additional guided learning activities during certain weeks. The exact distribution of these hours will vary depending on your course and module choices.
Part-time programmes
Part-time students will have fewer weekly on-campus hours compared to full-time students. This reduction is proportional to the number of modules you're enrolled in.
Timetable availability
Complete timetables are usually released shortly before the start of your programme. This timing is necessary to ensure that we accommodate all course requirements and that rooms are allocated based on the number of students likely to enrol on each programme. We aim to provide these timetables as early as possible, to assist you in your planning.
As your induction week approaches, you will be sent more information about your timetable via email, and you will be able to access your timetable by logging into MyAstonPortal. For any further queries or information regarding your timetable, you can reach out to your programme director or the Student Support team.
Online/distance learning programmes
The above information also applies to students enrolled in online/distance learning programmes. Please note that both full-time and part-time distance learning students are still required to attend scheduled synchronous learning sessions.
What can I get involved in at Aston Business School?
At Aston Business School, you will dive into a dynamic blend of innovative learning and hands-on experiences. With our acclaimed triple-crown accreditation, we offer you academic excellence and a track record of producing successful graduates.
Located in Birmingham, the UK's vibrant second city, Aston Business School provides you with a culturally rich environment and superb connectivity. You will benefit from real-world business engagements, international study opportunities and entrepreneur support programmes like BSEEN and Pitchfest.
You can also engage in practical consultancy at the Aston Business Clinic and collaborate with global peers in events such as the Maastricht Case Competition or the Universities Business Challenge. Our partnership with The Prince’s Trust, alongside a range of student clubs including TEDx and Enactus further enriches your learning experience.
