MSc in Financial Services 2015

Transcription

1 MSc in Financial Services 2015 Masters Degree for holders of the: Graduate Diploma in Financial Planning Graduate Diploma in Financial Services The College of Professional Finance

2 Who we are THE INSTITUTE OF BANKING The Institute of Banking is the largest professional institute in Ireland. We are a community of 33,000 members who work in banking and in both international and local financial services in the Republic of Ireland and Northern Ireland. Professional development of our members through education is at the heart of what we do. We are a not-for-profit organisation. The Institute provides university level banking education programmes and related services. These enable our members to achieve and sustain their professional qualifications and continuing professional development essential in meeting customer and regulatory expectations. More than 7,000 of our members are currently studying with us. Excellence in education As a recognised college of University College Dublin (UCD) and the standout industry educator, we offer qualifications of the highest standard. We currently have more than 30 programmes ranging from Professional Certificates (level 7 on the NFQ) to Masters Degree (level 9). We design our programmes to be practical and relevant, but grounded in academic rigour. We focus on providing innovative and flexible education options to ensure that we meet your changing needs. All our programmes are parttime. LIA LIA is the professional education and development association for those who work in all areas of the financial services industry. With 10,000 members LIA s mission is to enhance the knowledge, competence and skills of our members and students who work in all areas of the financial services industry. This translates into assisting our members and students in the following three distinct ways: 1. Attaining educational qualifications and resulting accreditations (i.e. designations) through our various educational courses in other words, their licence to provide financial advice. Many of these designations meet the requirements set out by the Central Bank under the Minimum Competency Code, while others go beyond minimum competency levels 2. Retaining their designations by keeping up to date with legislative, regulatory and industry changes through our annual Regional and National face-to-face CPD seminars and our online CPD facility, MyCPD 3. Developing themselves personally and professionally through our non-mcc courses, our Regional and National non-cpd seminars and workshops, and regular relevant articles published on our website and in our quarterly journal, The Financial Professional. MSc in Financial Services 2014 Who we are

3 Introduction The MSc in Financial Services is aimed at providing progression to a masters degree award to those who have achieved an honours award in either the: Graduate Diploma in Financial Services (60 ECTS credits) Graduate Diploma in Financial Planning (60 ECTS credits) The modules on the programme are designed to enable those operating in the financial services industry to draw appropriate lessons from the global and domestic crisis so as to position themselves to capitalise on opportunities arising in the future and to avoid the mistakes of the past. Candidates will explore issues such as: Individual and group behavioural biases that lead to the emergence of asset bubbles, such as occurred in property and other assets How to measure and manage financial risk at both an individual and organisational level and to appreciate the dynamic linkages between risk appetite and return performance How broader macro-environmental factors, such as austerity and stimulus, interest rates, and exchange rates etc. impact on global and domestic economic activity and influence the financial services industry and its customers. Anchored around the theme of the role of risk in financial management, a principal aim of the programme is to equip both financial planners and career bankers with specific skills in risk management, decision making models, macro-economics and business negotiation skills, to navigate the unfolding financial services landscape on behalf of the financial institutions and individual customers. This programme is completed part-time and comprises nine modules (90 ECTS credits). Six modules (60 ECTS credits) are completed via either the Graduate Diploma in Financial Services or the Graduate Diploma in Financial Planning, plus three additional modules (30 ECTS credits) comprising: One core module, Risk-based Financial Management, to be completed by all candidates. This module will provide a comprehensive grounding in the role played by risk in financial management Two optional modules (selected from three module options). These options allow candidates some limited degree of specialisation in their studies depending on personal interest. MSc in Financial Services Introduction 01

4 Programme Outcomes ON COMPLETION OF THE MSC IN FINANCIAL SERVICES GRADUATES WILL BE ABLE TO: - Clarify the dynamic relationship between the financial services industry and the broader macro economy - Describe and explain the valuation and risk management tools and models designed to measure and manage risk in the financial services sector - Apply theories and techniques to the complex and specific needs of managing financial risk in the financial services industry - Identify, analyse, interpret and present results so that data can be transferred into decisions and outline the basis for the decision making - Evaluate behavioural and market-based evidence and ascertain the implications of behavioural finance on financial theory and practice - Adjudicate on economic policy matters which arise in markets and the macro environment and their implications for businesses PROGRAMME DELIVERY AND CURRICULUM The MSc in Financial Services is a part-time programme consisting of nine taught modules, worth 10 ECTS credits each. Six modules are completed via either the Graduate Diploma in Financial Services or Graduate Diploma in Financial Planning, plus three additional modules. These three modules are typically delivered by way of lectures/workshops over a ten-week teaching semester. MODULES Core (all candidates must take both of these modules): - Risk-based Financial Management - Winning Business Negotiation Strategies Options (candidates select one module from): - Behavioural Decision Making - Business Economics The programme will be offered in two venues (subject to demand): Dublin and Portlaoise. Lectures are delivered from February 2015 to May 2015 (semester one - 10 weeks) and throughout June 2015 (semester two - 5 weeks). - Advise, recommend and report on (orally and in writing) business cash and investment decisions to key stakeholders - Investigate the usefulness or otherwise of using various financial instruments to facilitate risk management. 02 MSc in Financial Services Programme Outcomes

5 Module Overview Risk-based Financial Management (core) - Models of shareholder value creation - Accounting vs. economic perspectives of the firm - Decision making under uncertainty - Risk as a key component of corporate investment, financing and dividend decisions - Financial risk management and human behaviour - Active risk management strategies - Hedging financial risk Behavioural Decision-Making (option) - Rational models of decision making - Individual cognitive biases - Heuristic driven biases - Impact of emotional filters on individual and group decision making - The framing of decisions and the paradox of choice - Loss aversion and prospect theory - Sunk costs and mental accounting - Investor socialisation, mania and asset bubbles - Psychology of financial market behaviour Winning Business Negotiation Strategies (core) - Understanding negotiation processes and dynamics - Maximising value in competitive negotiations - Fostering collaboration and creating value in negotiations - Developing a style and building relationships - Power, persuasion and ethics - Cross-cultural negotiation - Dispute resolution Business Economics (option) - The global financial crisis - Inflation, activity and money growth - Saving, capital accumulation and output - Expectations, consumption and investment - Expectations, output and policy - Monetary and fiscal policy rules - Micro-foundations of macroeconomic policy - Technological progress and growth - Exchange rate regimes and trade imbalances MSc in Financial Services Module Overview 03

6 Further Information LOCATION The MSc in Financial Services is delivered through lectures in Dublin city centre and Portlaoise subject to demand. ENTRY REQUIREMENTS This programme is open to those holding an honours grade in either of the following graduate diplomas: - Graduate Diploma in Financial Services - Graduate Diploma in Financial Planning ASSESSMENT Candidates are assessed by a combination of end-of-semester closed-book examinations and continuous assessment, based on assignments and case studies. FEES c1,300 per module. Module fees are payable at the beginning of the programme. Tax relief may be available to candidates who are paying the programme fees in an individual capacity. Further information on possible tax relief is available at PROFESSIONAL BODY MEMBERSHIP You must be a member, or become a member of the Institute of Banking or LIA to undertake this programme. AWARD Candidates who successfully complete all nine modules and acquire the requisite 90 ECTS credits (at Level 9 on the National Framework of Qualifications) will be eligible for the award of MSc in Financial Services. This MSc degree is accredited and awarded by UCD. CLOSING DATE The closing date for applications is Friday 9 January Late applications will be considered if places are still available. FURTHER INFORMATION AND APPLICATION FORM For further information or if you require a programme application form please contact either: Dr. Gerry Grenham Head of Postgraduate Programmes The Institute of Banking IFSC 1 North Wall Quay Dublin 1 T: E: gerry.grenham@iob.ie W: Terrie Kennedy Executive Administrator LIA LIA House 183 Kimmage Road West Dublin 12 T: E: terrie.kennedy@lia.ie W: 04 MSc in Financial Services Further Information

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8 The Institute of Banking IFSC, 1 North Wall Quay Dublin 1 Ireland P +353 (0) F +353 (0) E info@iob.ie W LIA LIA House 183 Kimmage Road West Dublin 12 P +353 (0) F +353 (0) E queries@lia.ie W