The masters in finance has only been around for a little over ten years (at a guess it was started at the Manchester Business School in England although there are other claimants) but is quite firmly established. Aimed at graduates from numerate disciplines — economics, maths, physics and engineering — this specialist masters degree paves the way for a career in investment banking and financial services.
Originally offered by a small core of university business schools, including London School of Economics, London Business School, Manchester Business School and Imperial College, London, the MSc in finance is now offered by more than 100 business schools.
The MSc in finance is also appealing to a far wider market than when it was originally conceived. When Manchester Business School launched its program in 1996 the intake was mainly from the UK. This year only 2% of students are from the UK and European Union; the rest are from emerging financial markets such as China.
Rachel Tufft, head of postgraduate marketing at Manchester Business School, says: ‘Ten years ago we were preparing people for the City. Now we are seeing the big Chinese banks coming to recruit on campus. Most of our overseas students want to work in their own countries.’
As the finance industry has evolved, the masters degree has become more specialised. Business schools have added new electives to reflect changing practice and have created sector-specific MScs in related disciplines.
The popularity of its masters in finance is such that Manchester has 2,000 applicants for 250 places on its six related masters degrees.
Source: Times Online