MSc in Financial Services

The MSc in Financial Services is a Masters programme (Level 9) offered by LIA’s academic education partner, the Institute of Banking which is a recognised college of UCD, for honours graduates of the Graduate Diploma in Financial Planning.

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 a avoid the mistakes of the past. They 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.

Award

This who successfully complete the programme will be awarded an MSc in Financial Services by UCD.

 

Course Aims

On successful completion of Stage 2 candidates will be able to:

  • Ascertain the tradeoffs between risk appetite, profitability and stakeholder value maximisation;
  • Assess how individual and group behavioural characteristics and psychological biases lead to sub-optimal decision making;
  • Apply effective business negotiation strategies that defend interests and attain goals in the face of uncertain business conditions;
  • Assess the main macroeconomic factors impinging on the performance of the global economy and their implications for the financial services industry.


Entry Requirements

The Programme is open to students holding a second class honours grade II in the Graduate Diploma in Financial Services or the Graduate Diploma in Financial Planning.


Course Modules

Risk-based Financial Management (core)

€1,300
  • 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

Examinations

  • Candidates are assessed by a combination of end-of-semester closed-book examinations and continuous assessment, based on assignments and case studies.

Business Economics (option)

€1,300
  • 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

Examinations

  • Candidates are assessed by a combination of end-of-semester closed-book examinations and continuous assessment, based on assignments and case studies.

Behavioural Decision-Making (option)

€1,300
  • 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 A version and Prospect Theory
  • Sunk Costs and Mental Accounting
  • Investor socialization, mania and asset bubbles
  • Psychology of financial market behaviour

Examinations

  • Candidates are assessed by a combination of end-of-semester closed-book examinations and continuous assessment, based on assignments and case studies.

Winning Business Negotiation Strategies (Core)

€1,300
  • Understanding negotiation processes and dynamics
  • Maximizing 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

Examinations

  • Candidates are assessed by a combination of end-of-semester closed-book examinations and continuous assessment, based on assignments and case studies.