MSc Law and Finance
The global financial crisis has triggered greater interest in international finance law. It is broadly believed that multiple causal factors in various domains played their role in this worldwide social-economic crisis. These include international corporate governance, international banking regulation, and accounting and reporting schemes. This course will enable students to obtain a deeper understanding of these issues by studying a range of modules on various aspects of law and finance and will be attractive to those who want to specialise in law in this rapidly developing field. It will, in addition, focus on the policy issues surrounding financial regulation and will enable students to conduct research into these interdisciplinary areas.
This innovative programme meets the growing demand for professionals with financial and legal expertise by combining theory and practice to deliver one of the very few specialised law and finance postgraduate programmes in the UK.
The programme will enable you to develop knowledge and skills in relation to the law, economics and finance governing international law and finance both in the UK, Europe and at a global level.
Whether your background is weighted more towards the legal or financial field, dedicated support ensures that you will gain the necessary analytical, financial and legal skills early in the programme to be able to succeed.
You will benefit from a compulsory programme in the week before the academic year begins to ensure that all students have the required finance and elementary legal skills prior to the start of teaching. This induction programme is delivered by the School of Law and Business School. The programme focuses on a range of areas including quantitative skills. This combines with support provided by the School of Law early in the programme to ensure that all students have the requisite detailed legal skills required for the programme and to understand the latest legal frameworks and legislation which apply to this rapidly moving sector. International students will have the opportunity for additional in-sessional language support.
As part of the programme you will have the opportunity to gain real hands-on experience, through a range of professional activities and advanced facilities designed to develop your practical skills.
For example, you will gain understanding of financial markets, whilst developing important professional skills, as part of a one-week trading simulation delivered in partnership with Amplify Trading. Using the same market simulations as companies such as HSBC, JPMorgan and Bank of America, you will have the opportunity to find out what it’s like to be a City trader operating a state-of-the-art trading desk, and to apply key financial theories to live market prices.
You will also have access to the Business School’s financial markets lab, equipped with Bloomberg terminals and a virtual trading platform, providing opportunities for skills development and research activity.
You will be taught by leaders in research in these complementary disciplines.
Within the School of Law the Centre for Business Law and Practice is well known for its research in corporate and financial law, and is part of a School which is ranked in the top 10 of law schools in England and Wales (Times League Tables 2015) and we rank ranked 8th in the UK for the quality and impact of our research, according to the Research Excellence Framework (REF 2014). Members of the Centre are academic leaders in their specialised fields, including financial law, corporate law, insolvency law, trade law, tax law and competition law and have acted as consultants to law firms, accounting bodies, national law reform bodies, government departments in various countries, and international organisations such as the International Monetary Fund, the World Bank and Transparency International.
Leeds University Business School is ranked among the world’s elite for Masters in Finance (Financial Times 2015), and the School of Law is ranked as one of the top ten in England and Wales for both its teaching and research.
The Business School has strong relationships with the finance, credit and accounting professions, connecting you to the latest practitioner and policy developments. This means you will benefit from a Masters course that is highly relevant to the current business environment.
You will also be able to access the knowledge of the Business School’s advanced specialist research units, which have strong links with leading institutions in the US, Europe and Asia. These include the Centre for Advanced Study in Finance (CASIF), the Institute of Banking and Investment (IBI) and the Credit Management Research Centre (CMRC).
The compulsory modules studied will give you an excellent opportunity to:
• explore corporate law, corporate finance law, corporate tax law and securities regulation
• engage critically with domestic and international developments in financial law from practical, regulatory and policy perspectives
• examine detailed knowledge of financial services and financial derivatives both from a theoretical and practical standpoint
• understand how to analyse and present statistical data
• learn how to interpret financial accounting information
• make effective financial decisions in a corporate enterprise.
Additionally, these compulsory modules will also enable you to hone your legal and finance research and writing skills, which you will be able to demonstrate in your dissertation – an independent piece of research on your chosen topic. The programme gives students the flexibility of choosing a topic within the field of either financial law or finance, or an interdisciplinary topic.
If you study with us, you will also benefit from our rigorous support programme which includes a pre-sessional programme, offered by the Law School in conjunction with the Business School. This is designed to support the development of your finance knowledge particularly for students who do not have a background in finance,, as well as a 10-week programme which runs alongside your taught academic programme, and is specifically designed to meet the needs of home and international students in the School of Law, particularly those who do not have a background in law. It allows you to refine and develop the academic and transferable skills needed to excel during your taught postgraduate programmes, as well as prepare for professional roles after graduation.
The wide-ranging list of optional modules means that you can explore a diverse range of related subjects of interest to you.
These are typical modules/components studied and may change from time to time. Read more in our Terms and conditions.
You’ll take seven compulsory modules and three optional modules for a total of 180 credits.
|Compulsory modules||Optional modules|
|You will complete the following:||Plus one of the following pairs:|
|- Pre-course Training (no credit)|
- Corporate Finance and Securities Law (15 credits)
- Principles of International Financial Law (15 credits)
- Quantitative Methods (15 credits)
- Financial Reporting and Analysis (15 credits)
- Corporate Finance (15 credits)
|- Postgraduate Legal Research Skills (15 credits) AND Dissertation (in Law and Finance) (45 credits)|
- Research Methods in Finance (15 credits) AND Accounting and Finance Dissertation (45 credits)
|Then 45 credits from:|
|- Central Issues in Arbitration (15 credits)|
- Corporate Law (15 credits)
- Corporate Governance (15 credits)
- Corporate Social Responsibility (15 credits)
- Forensic Accounting and Finance (15 credits)
- International Banking Law: Capital Markets and Loans (15 credits)
- International Competition Law (15 credits)
- International Law of Credit and Security (15 credits)
- International Trade Finance Law (15 credits)
Learning and teaching
You’ll be taught through weekly and fortnightly seminars and lectures over two semesters. You’ll also receive separate dissertation supervision. Independent study is integral to this programme – not just to prepare for classes but to develop research and other critical skills.
You’ll be assessed through coursework and exams.
Career prospects for graduates from this programme are excellent. Graduates with masters level knowledge in both the legal and financial fields possess a rare skillset, which is highly sought after by employers.
In addition to the possibility of pursuing further research and/or doctoral study, the course will equip graduates to pursue a range of careers. In particular, the courses will be of benefit to graduates wishing to work in financial institutions; banks; the financial services industry; government; international organisations; non-governmental organisations (NGOs); and international media or journalism. Possible career destinations for graduate from this programme include commercial banking; investment banking; hedge fund managing; venture capitalism; market regulation; compliance; accountancy; management consultancy; or even becoming entrepreneurs by starting their own business. The University has recently been ranked 3rd in the UK for the employability of its graduates (QS, 2015).
We encourage you to prepare for your career from day one. Thats one of the reasons Leeds graduates are so sought after by employers.
The Careers Centre and staff in your faculty provide a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.
The School of Law offers career and personal development support through the School of Law Careers Advisor. The School also arranges career development workshops, seminars and one-to-one sessions for students on all postgraduate programmes.