MSc Financial Economics

1 Year On Campus Masters Program

University of York

Program Overview

 

This MSc is designed for students who want to master the intersection of economics and finance, with a strong emphasis on quantitative analysis and policy relevance. It suits graduates from economics, finance, or related disciplines who are aiming for careers in financial services, economic consultancy, or central banking.


Curriculum Structure

Semester 1 – Core Economic and Financial Foundations
Students begin with Microeconomic Theory, Macroeconomic Theory, and Econometric Methods, which build a rigorous foundation in economic modelling, statistical analysis, and financial reasoning. These modules help students understand how markets operate and how to evaluate financial decisions using data.

Semester 2 – Applied Finance and Policy Modules
Students explore modules such as Financial Markets, International Macroeconomics, and Public Finance. These units allow students to apply theory to investment analysis, fiscal policy, and global financial systems — preparing them for roles in financial strategy and economic policy.

Summer Term – Independent Research Project
Students complete a dissertation on a topic of their choice, applying theoretical and empirical methods to a financial or economic issue. This capstone project demonstrates their ability to conduct independent research and communicate findings effectively.


Focus areas

Financial markets, macroeconomics, econometrics, public finance, international economics, investment analysis.


Learning outcomes

Graduates will be able to apply economic and financial theory, analyse market behaviour, interpret data using econometric tools, and communicate insights clearly to diverse audiences.


Professional alignment (accreditation)

Delivered by the University of York’s Department of Economics and Related Studies — one of the largest economics departments in the UK, known for its quantitative research and policy engagement.


Reputation (employability rankings)

The University of York ranks in the UK Top 20 for Economics (Complete University Guide 2024), and is a member of the prestigious Russell Group. 95% of York postgraduates are in work or further study within 15 months of graduation.

 

Experiential Learning (Research, Projects, Internships etc.)

 

This program blends rigorous theory with hands-on application, helping students develop the skills to analyse financial markets, evaluate policy, and interpret complex data. Students work with real-world datasets, industry-standard software, and benefit from York’s research-led teaching environment. The Department of Economics and Related Studies — one of the largest in the UK — provides access to digital platforms, specialist tools, and collaborative learning spaces that mirror professional practice.

Here’s how students gain practical experience throughout the year:

  • Econometric Software Training: Students use tools such as Stata, R, and EViews to model financial data, forecast trends, and evaluate investment strategies.
  • Applied Modules: Courses like Financial Markets, International Macroeconomics, and Public Finance include practical assignments using real-world datasets.
  • Independent Dissertation: A supervised research project using theoretical and empirical methods to investigate a financial or economic issue.
  • Access to York’s Library and Digital Resources: Includes databases like JSTOR, World Bank, and OECD iLibrary, plus support from economics subject librarians.
  • Research Environment: Students benefit from York’s active research centres, including the Centre for Applied Macro-Finance and the Centre for Experimental Economics.
  • Guest Lectures and Seminars: Delivered by academic economists and industry professionals, covering topics like financial regulation, macroeconomic modelling, and investment analysis.

Progression & Future Opportunities

 

Graduates from this program are equipped to work at the intersection of finance and economics, with strong quantitative and analytical skills. Many go on to roles in investment banking, financial consultancy, central banking, and policy research. Typical job titles include: Financial Analyst, Economic Consultant, Investment Strategist, and Policy Advisor.

Here’s how York supports your career journey:

  • Careers and Placements Team: Offers tailored support including one-to-one career coaching, employer networking events, CV and interview preparation, and access to York’s Handshake platform for internships and graduate roles.
  • Graduate Outcomes: 95% of York postgraduates are in work or further study within 15 months of graduation.
  • Salary Figures: Economics graduates from Russell Group universities report average starting salaries of £30,000–£35,000, with strong progression in finance and consultancy sectors.
  • Industry Partnerships: The Department of Economics and Related Studies collaborates with institutions such as the Bank of England, HM Treasury, and the Office for National Statistics through research, guest lectures, and alumni networks.
  • Accreditation Value: York is a member of the Russell Group and its economics department is recognised for quantitative research and financial modelling — a long-term asset in competitive job markets.
  • Graduate Destinations: Alumni work in organisations like the UK Civil Service, Deloitte, European Central Bank, and global financial institutions.

Further Academic Progression:
Students who wish to continue their academic journey can pursue a PhD in Financial Economics, Quantitative Finance, or Economic Policy. The University of York offers doctoral research opportunities through its Department of Economics and Related Studies and affiliated centres such as the Centre for Applied Macro-Finance and the Centre for Experimental Economics.

 

Program Key Stats

£34,500 (Annual cost)
£17,500
Sept Intake : 28th Aug


Eligibility Criteria

3 or 4 Years

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6.5
87
2:2
1200
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Additional Information & Requirements

Career Options

  • Research agencies
  • Consultancy firms
  • Economic advisory services of governments
  • Banks or international agencies
  • Universities

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