MSc Financial Econometrics

Postgraduate Entry Requirements:

• Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of  50 to 55% or equivalent.
• English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
  • IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
  • TOEFL: A minimum overall score of 90.
  • PTE Academic: A minimum overall score of 62 with no individual score below 51.
• Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.

The University of Essex offers a range of scholarships and financial support options to assist students in their academic journey. These scholarships are designed to recognize and reward academic excellence, promote diversity and inclusion, and provide assistance to those facing financial challenges.  

1. Academic Excellence Scholarships: The university offers scholarships to outstanding students who demonstrate exceptional academic achievements. These scholarships are typically merit-based and provide financial support towards tuition fees or living expenses.
2. International Scholarships: The University of Essex provides scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Eligibility criteria and award amounts may vary, and they may cover a portion of tuition fees or provide assistance with living expenses.
3. Subject-specific Scholarships: Some departments and schools within the university offer scholarships tailored to specific academic disciplines. These scholarships are often awarded to students with exceptional academic records or those who demonstrate a strong commitment to their field of study.
4. Access and Participation Scholarships: The university is committed to promoting diversity and inclusion. It offers scholarships and financial support to students from underrepresented backgrounds, including those from low-income families or individuals who are the first in their family to attend university.
5. Government-funded Scholarships: In addition to internal scholarships, the University of Essex provides information and guidance on scholarships and funding opportunities offered by external organizations and government agencies. These scholarships may be available to students based on factors such as nationality, field of study, or research interests.
6. Sports Scholarships: The university recognizes the importance of sports and offers scholarships to talented athletes who demonstrate exceptional sporting abilities. These scholarships provide financial support along with access to sports facilities, training programs, and dedicated support services.

It is important to note that scholarship availability, eligibility criteria, and application processes may change over time. 

Graduates of the MSc Financial Econometrics program have excellent career prospects in various sectors of the finance industry. 

1. Quantitative Analysis: Graduates can pursue careers as quantitative analysts, using their advanced econometric skills to develop mathematical models, perform risk assessments, and support investment decisions. They may work in hedge funds, investment banks, or asset management firms.

2. Risk Management: Graduates can work in risk management roles, assessing and managing financial risks within organizations. They may be involved in developing risk models, stress testing, and implementing risk management strategies in banks, insurance companies, or regulatory bodies.

3. Financial Research: Graduates can work as financial researchers, conducting empirical research on financial markets, asset pricing, or risk management. They may work in academic institutions, research organizations, or think tanks.

4. Financial Data Analysis: Graduates can pursue careers as financial data analysts, utilizing their skills in handling and analyzing large financial datasets. They may work in data-driven roles in financial institutions, fintech companies, or data analytics firms.

5. Financial Modeling: Graduates can specialize in financial modeling, building mathematical models to analyze and forecast financial markets, pricing derivatives, or valuing complex financial instruments. They may work in investment banks, consulting firms, or financial technology companies.

6. Regulatory Compliance: Graduates can find opportunities in regulatory bodies and government agencies, ensuring compliance with financial regulations and conducting financial market analysis. They may be involved in monitoring market activities, enforcing regulatory standards, and contributing to policy development.

7. Further Education: Graduates can pursue further studies at the doctoral level, focusing on advanced research in financial econometrics or related fields. This can lead to careers in academia, research, or consulting.