MSc in Financial Economics | University of Oxford
Four students working
MSc students working together at the SBS
(Image Credit: David Fisher)

MSc in Financial Economics

About the course

The MSc in Financial Economics (MFE) is a full-time, nine-month programme that provides outstanding training in the tools of financial economics sought by financial institutions, companies and public organisations. The course combines a rigorous academic core with tailored practical applications, designed in consultation with leading financial recruiters.

The MFE is delivered through the University of Oxford’s Saïd Business School and is run jointly by the Saïd Business School's finance faculty and the University's Department of Economics. This means that, unlike more conventional graduate courses, the programme features interactive classes, use of case studies, practitioner teaching, and proactive careers support.

Throughout the programme, teaching stresses the links between theories in financial economics and key finance activities. Topics are chosen in the economics courses for their relevance to finance. The MFE has been designed in close consultation with a panel of advisers from leading financial institutions.

Students can expect lectures, classes, and events to run every weekday, and should plan to also dedicate time to further self-directed study outside of these.

The Oxford MSc in Financial Economics course offers:

  • pre-course training to become familiar with key concepts and techniques;
  • extensive careers support and learning, focusing on the skills demanded by both financial institutions and consulting firms usually in the UK and East Asia;
  • four required core courses in asset pricing, economics, corporate finance and financial econometrics; 
  • five elective courses that are chosen from a wide range of topics to allow the development of individual skills and specialisations; and
  • the opportunity to participate in the Oxford Saïd Finance Lab, a co-curricular toolkit to tackle financial problems ranging from valuations to leveraged buyouts, to M&A transactions and more.

Supervision

The allocation of graduate supervision for this course is the responsibility of the Saïd Business School and it is not always possible to accommodate the preferences of incoming graduate students to work with a particular member of staff. Whilst a specific frequency for meetings with your supervisor is not prescribed, we recommend regular meetings throughout your studies to take full advantage of the opportunities available to you.

Assessment

The assessment regime is a combination of assessment types including examinations, assignments and individual projects.

Core courses are offered in asset pricing, economics, corporate finance and financial econometrics. You can select a total of five electives to tailor your learning experience and expand your knowledge in areas important for your career. You can choose to substitute one elective with a 10,000 word project addressing a question of academic interest or practical significance. Subject areas covered by electives include corporate valuation, financial crises and risk management, financial markets trading, real estate, behavioural and experimental economics, asset management, international finance, and private equity.

Graduate destinations

Careers Development Centre

The Saïd Business School is dedicated to supporting you in defining, articulating and executing your career vision - equipping you with the knowledge, tools and skills to achieve success. It supports students in advancing their careers after the MFE, whether they plan to progress in their current industry or make a transformative career change.

The Business School's careers advisors specialise in all major sectors, including finance, consulting, social impact and diversified industries. It supports students seeking a traditional business career and those taking a non-traditional path in a variety of destinations around the world.

Ultimately, what you will gain from your MFE at Oxford depends on your goals, ambitions and previous experiences as well. The Careers Development Centre is there to help and offer guidance, support and inspiration every step of the way.

Saïd Business School Alumni Relations Team 

The Oxford Business Alumni (OBA) Network is the official alumni network of Saïd Business School University of Oxford. Overseen by Oxford's Alumni Relations Team, the network was established in 1997 to provide a focus for Oxonians who share a common interest in business, ensuring an active network of emotionally and intellectually engaged alumni. 

There are more than 20,500 OBA members living in over 149 countries from across both the school's programmes and the wider University. As part of this network there are 22 chapters and 60 regional ambassadors across six continents, all offering an exciting variety of events from social gatherings to business-focused networking sessions.

Changes to this course and your supervision

The University will seek to deliver this course in accordance with the description set out in this course page. However, there may be situations in which it is desirable or necessary for the University to make changes in course provision, either before or after registration. The safety of students, staff and visitors is paramount and major changes to delivery or services may have to be made in circumstances of a pandemic (including Covid-19), epidemic or local health emergency. In addition, in certain circumstances, for example due to visa difficulties or because the health needs of students cannot be met, it may be necessary to make adjustments to course requirements for international study.

Where possible your academic supervisor will not change for the duration of your course. However, it may be necessary to assign a new academic supervisor during the course of study or before registration for reasons which might include illness, sabbatical leave, parental leave or change in employment.

For further information please see our page on changes to courses and the provisions of the student contract regarding changes to courses.

Other courses you may wish to consider

If you're thinking about applying for this course, you may also wish to consider the courses listed below. These courses may have been suggested due to their similarity with this course, or because they are offered by the same department or faculty.

All graduate courses offered by the Department of Economics

Entry requirements for entry in 2021-22

Information regarding the entry requirements for this course can be accessed at the following location:

SBS MSc in Financial Economics entry requirements

Resources

The Saïd Business School is one of the most modern, state-of-the-art business schools in the world. Facilities include seven horseshoe-style lecture theatres where most classes take place and a 300-seat lecture theatre opened by Nelson Mandela in 2002 to cater for larger-scale lectures and events.

A key feature of the building is the provision of informal working areas. There are numerous open spaces throughout, including cloistered walkways and a large internal courtyard – all of which help to foster interaction between students, faculty and visitors.

The Sainsbury Library is Saϊd Business School’s own dedicated resource. This state-of-the-art facility is spacious and fully equipped with desk space, wireless and networked computers, printers and copiers. Experienced library staff are available for advice and can help you use advanced search tools to carry out research for course projects.

Specialist research centres at the SBS mirror the knowledge-intensive end of a creative economy. They are helping particular sectors to wrestle with the challenges they face and to discover new directions through research. These centres include the Oxford University Centre for Business Taxation and Skoll Centre for Social Entrepreneurship, amongst many others.

Funding

The University expects to be able to offer up to 1,000 full or partial graduate scholarships across the collegiate University in 2021-22. You will be automatically considered for the majority of Oxford scholarships, if you fulfil the eligibility criteria and submit your graduate application by the relevant January deadline. Most scholarships are awarded on the basis of academic merit and/or potential. 

For further details about searching for funding as a graduate student visit our dedicated Funding pages, which contain information about how to apply for Oxford scholarships requiring an additional application, details of external funding, loan schemes and other funding sources. Please ensure that you visit individual college websites for details of college-specific funding opportunities using the links provided on our college pages.

Further information about funding opportunities for this course can be found on the following faculty websites: 

Costs

Annual fees for entry in 2021-22

Fee status

Annual Course fees

Home (UK, Republic of Ireland,
Channel Islands & Isle of Man)
£46,800
Overseas (including EU)£46,800

Course fees are payable each year, for the duration of your fee liability (your fee liability is the length of time for which you are required to pay course fees). For courses lasting longer than one year, please be aware that fees will usually increase annually. For details, please see our guidance on likely increases to fees and charges.

Course fees cover your teaching as well as other academic services and facilities provided to support your studies. Unless specified in the additional information section below, course fees do not cover your accommodation, residential costs or other living costs. They also don’t cover any additional costs and charges that are outlined in the additional information below.

Deposits

If your application is successful, you will be asked to pay a deposit against your course fees at the application stage as a condition of your offer. The deposit amount and date by which payment must be made are shown below.

Fee status

Amount of deposit

Date by which deposit must be paid

Home/ROI
(including Islands)
£7,000 30 days from the date on initial offer letter
Overseas £7,000

The department's website provides further information about deposits for this course.

For more information about course fees and fee liability, please see the Fees section of this website. EU applicants should refer to our detailed fee status information and the Oxford and the EU webpage for details of the implications of the UK’s exit from the EU.

Additional information

There are no compulsory elements of this course that entail additional costs beyond fees and living costs. However, as part of your course requirements, you may choose a project-based elective topic. Please note that, depending on your choice of topic and the research required to complete it, you may incur additional expenses, such as travel expenses, research expenses, and field trips. You will need to meet these additional costs, although you may be able to apply for small grants from your department and/or college to help you cover some of these expenses. This course may also run optional pre-course workshops in and outside the UK. Teaching and networking costs will be covered for such workshops, but you would be responsible for your own travel and accommodation costs if you opt to join these workshops. Please note that this course requires that you are primarily taught in Oxford, and you will need to incur travel and accommodation costs to attend the course if you do not live in the Oxford area.

Living costs

In addition to your course fees, you will need to ensure that you have adequate funds to support your living costs for the duration of your course.

For the 2021-22 academic year, the range of likely living costs for full-time study is between c. £1,175 and £1,710 for each month spent in Oxford. Full information, including a breakdown of likely living costs in Oxford for items such as food, accommodation and study costs, is available on our living costs page. When planning your finances for any future years of study in Oxford beyond 2021-22, you should allow for an estimated increase in living expenses of 3% each year.

College preference

All graduate students at Oxford belong to a department or faculty and a college or hall (except those taking non-matriculated courses). If you apply for a place on this course you will have the option to express a preference for one of the colleges listed below, or you can ask us to find a college for you. The Colleges section of this website provides information about the college system at Oxford, as well as factors you may wish to consider when deciding whether to express a college preference. Please note that ‘college’ and ‘colleges’ refers to all 45 of the University’s colleges, including those designated as Permanent Private Halls (PPHs). 

For some courses, the department or faculty may have provided some additional advice below to help you to decide. Whatever you decide, it won’t affect how the academic department assesses your application and whether they decide to make you an offer. If your department makes you an offer of a place, you’re guaranteed a place at one of our colleges. 

The following colleges accept students on the MSc in Financial Economics:

How to apply

Admission to this course is administered directly by the Saïd Business School. For further details about the course, its requirements, deadlines and how to apply, please see the course page on the Saïd Business School website (see How to Apply below).

How to Apply

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