When can I apply for the 2014/15 programme?
Applications for 2014 entry will be open from 1 September 2013. You may apply when the appropriate application forms are available on the Board of Graduate Studies website.
What's the deadline for applications?
The closing date for applications will be announced shortly. However, candidates are strongly advised to send in their applications before 31 December 2013.
What are the requirements for entry into the programme?
Applicants for the MPhil in Finance must have or expect to have:
- A very high standard in a degree programme of equivalent level to a UK Bachelor's degree with honours. In most countries this is a first degree (Bachelor's, Licentiate, Vordiplom) but from some countries a Master's level degree may be required. The minimum standard required is a First Class Honours or equivalent. This equates to a CGPA of 3.7/4.0).
- A significant economics or quantitative component in their first degree (and those who wish to follow the financial engineering stream of the degree must have a high level of skill in mathematics, such as would be acquired in an undergraduate degree in Mathematics or a cognate discipline).
- A fluent command of the English language, documented, for those whose first language is not English, by an IELTS or TOEFL test, including the Test of Written English.
The MPhil in Finance programme is a full-time, nine month programme and requires the completion of any current training or education programme or release from your current institution for the duration of your study.
Is there an application fee?
There is an application charge of £50 for online applications and £100 for paper applications. For further details please visit the Board of Graduate Studies website.
Do you require work experience?
We do not require work experience; the MPhil in Finance is a pre-experience programme designed for those with no more than one year of work experience after their first degree. For finance professionals with a minimum of two years work experience who wish to develop their career in finance, we offer a post-experience Master of Finance.
Do you require a GRE/GMAT score as part of the application process?
Applicants are encouraged to take either the GRE or GMAT. Although this is not a formal requirement, for applicants from universities which may not be well known to members of the admissions committee, a strong GRE or GMAT test result may well make a difference.
I have more than one year of work experience but want to continue to a PhD. Can I be considered for the MPhil in Finance?
Yes, but you will be considered only if you include a 1,500-word research proposal at the time of application. The research proposal is intended to demonstrate your ability to pursue a research-oriented academic career. It should identify the key research questions, review the relevant academic literature in the area, and highlight the expected contribution to knowledge. Those with PhD aspirations who have less than one year of work experience do not have to include a research proposal when they apply for admission to the MPhil in Finance.