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Tailor your learning with electives

Tailor your learning to meet your career ambitions and match your interests through a choice of electives. You will take four electives (if you undertake the Applied Project), or three electives (if you undertake the Research Project), from the following elective modules. All students are required to take at least one key elective.

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Key electives

Advanced Financial Statistics

This module aims to provide students with more advanced tools of time series and econometrics than the Financial Statistics module. Applications to asset pricing and risk management will also be covered.

Advanced Options Theory

If you aspire to be a quantitative analyst in the equity derivative area, this elective is a must. It will challenge you to expand your knowledge beyond the Black-Scholes model and apply quantitative tools to the pricing of exotic options. The elective also introduces some of the more technical and theoretical aspects of option pricing.

Applied Trading Strategies

This module provides insight into financial trading strategies from an industry practitioner’s perspective. The module covers the wide spectrum of strategies across asset classes and hedge fund styles with an emphasis on investment /arbitrage opportunity and risk management. The module also includes quantitative pricing models with backtesting in Python across different market regimes. The module aims to study trading strategies in a non-technical intuitive manner using a “first principles” approach.

Banks, Regulation and Monetary Policy

In this elective you will analyse banks’ main risks and activities on both their assets and liabilities, including off-balance sheet risks and financial globalisation, with special emphasis on the effects and implications of bank regulation and monetary policy. You will also study issues such as the determinants and consequences of financial crises and come to understand interactions between financial globalisation and banks.

Fixed Income Securities

Fixed income securities make up a very substantial proportion of all investments and financing strategies in today’s financial markets. The need to price and hedge this array of products accurately has led to a prolific literature in the area. The module covers the main continuous-time term structure models and valuation techniques.

International Finance

This elective allows you to experience finance in a different economy. It is taught in two parts with the first part delivered online and the second part is an international study trip. Traditional lectures will be complemented by guest speakers, company visits and experiential learning activities. The class of 2016-17 travelled to Dubai for an intensive study experience in the capital of an emerging economy.

There is an additional cost to students to join this international elective. The cost is estimated to be approximately £1,200 – £1,500 – but this is subject to change.

Text Mining for Economics and Finance

This course focusses on methods for quantitatively analysing text data, such as newspaper articles, social media posts, political speeches, and company product descriptions. The amount and availability of such data is growing rapidly, and extracting valuable information from it is an important challenge. In recent years, numerous machine learning methods have been developed for text. This course will introduce students to these methods, but of equal importance will be to discuss their application to problems in economics and finance.

Topics in Corporate Finance

This is an advanced elective in investments and portfolio management. You will discuss the key trading strategies used by hedge funds and demystify the secret world of active investing. The elective combines the latest research with real-world examples and explores several different strategies in depth, including fundamental tools for investment management, dynamic portfolio choice, equity strategies, macro strategies, yield curve logic and arbitrage strategies.

Wealth Management and Alternative Investments

This module aims to introduce you to areas of financial planning that are more specific to private wealth management. It will introduce you to the types of client, and their respective investment needs and look at issues such as succession planning and multi-jurisdiction tax planning. Finally it examines the role of alternative investments (hedge funds, real estate and private equity) in building a diversified investment strategy.

Electives available and course outlines are subject to change. Imperial College Business School reserves the right to alter courses whenever they need to be amended or improved. Faculty may also change as and when required.
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It is hard to choose among all the good modules I have had, I would say that probably Structured Credit & Equity Products elective has been the most interesting one as these type of products and topics are hard to be known in other circumstances. Also, the beauty of the programme was that it is taught by industry professionals, for this reason giving a very practical perspective that related very well with industry trends.
Davide Sciuto
MSc Investment & Wealth Management 2017 – 18
Davide Sciuto