Course Overview


This programme is specifically designed with dedicated courses to deepen students’ understanding of the forces driving the global economy and the operations of the international financial markets. The programme provides both a rigorous foundation in the theory of international finance and necessary technical skills used in applied financial market analysis.

It provides an emphasis on current issues in international economic policy and on recent developments in the areas of multinational investment flows, dynamics of exchange rates, risk management and asset pricing. Students gain a deeper understanding of both the microstructure and macroeconomic implications of these issues, and necessary technical skills for analysing financial data using computer simulation-based models.

The financial services industry, which is a part of the internationally traded services sector, has been identified by the Irish government as one of the key sectors for the delivery of high value-added jobs in Ireland and a crucial sector in the further development of Ireland’s knowledge-based economy.

The programme provides a special emphasis on current issues in international economic policy and on recent developments in the areas of multinational investment flows, dynamics of exchange rates, risk management and asset pricing.

Students gain a deeper understanding of both the microstructure and macroeconomic implications of these issues, and necessary technical skills for analysing financial data using computer simulation based models.

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Applications and Selections

Applications are made online via the NUI Galway Postgraduate Applications System

Who Teaches this Course

Requirements and Assessment

Semester One exams: December.
Semester Two exams: April/May. 

A range of assessment methods are integrated and applied throughout the programme. These include essays, projects, reports, presentations, and computer simulation-based assignments. Students also submit a minor dissertation.

Key Facts

Entry Requirements

Students admitted to the programme will normally hold a primary degree with Second Class Honours, Grade 1 or equivalent international qualification*, which will have included the study and understanding of economics to intermediate level.** Students who hold a Higher Diploma in Economics with Second Class Honours, Grade 1, or equivalent international qualification may also apply. IELTS scores of 6.5 or equivalent if applicable.

* In exceptional cases a person without a 2.1 primary degree may be admitted if economics is a major part of their undergraduate degree and if they have achieved a 2.1 average in the economics courses they have taken.

** By "intermediate level economics" we mean courses in microeconomics and macroeconomics at a level typically done in second or third year of an undergraduate programme. Accordingly people who have only studied one year of economics are not eligible for admission.


Additional Requirements

Duration

1 year, full-time

Next start date

September 2021

A Level Grades ()

Average intake

30

QQI/FET FETAC Entry Routes

Closing Date

Please refer to the offer rounds/closing date webpage.

NFQ level

Mode of study

ECTS weighting

Award

CAO

Course code

1MIF1

Course Outline

The programme provides a special emphasis on current issues in international economic policy and on recent developments in the areas of multinational investment flows, dynamics of exchange rates, risk management and asset pricing.

Students gain a deeper understanding of both the microstructure and macroeconomic implications of these issues, and necessary technical skills for analysing financial data using computer simulation based models.

Graduates with these skills are highly valued by commercial banks, investment banks and other financial institutions, by public institutions such as Central Banks and by multinational corporations.The Financial Services industry, which is a part of Internationally Traded Services, has been identified by the Irish Government as one of the key sectors for the delivery of high value-added jobs in Ireland and a crucial sector in the further development of Ireland's knowledge-based economy.

The programme includes such modules as:

  • Macroeconomic Theory and Policy
  • Microeconomic Theory
  • Applied Portfolio Management
  • Derivatives and Risk Management
  • Economics and the Global Economy
  • Financial and Macroeconomic History
  • Financial Data Analytics
  • Financial Econometrics
  • Global Financial Economics
  • International Finance

Why Choose This Course?

Career Opportunities

Graduates with the skills taught in this programme are highly valued by commercial banks, investment banks and other financial institutions, by public institutions such as Central Banks and by multinational corporations. Employers of graduates of this programme include Goldman Sachs, J.P. Morgan, First Derivatives, European Central Bank, and Central Bank of Ireland. This
programme can also be a stepping stone to a PhD programme.

Special emphasis is given to current issues in international economic policy and to recent developments in cross-border investment, exchange rates, risk management and asset pricing. Graduates with these skills are highly valued by banks and other financial institutions, by public institutions such as central banks and by multinational corporations.

Develop a Career Path

The programme is your passport to the exciting and rewarding world of financial services. This postgraduate qualification opens up a wide variety of career opportunities in the financial services industry, both in Ireland and abroad. From Galway to Singapore, from New York to London, financial services businesses such as banks, insurance companies, stockbrokers and investment funds, as well as government agencies, central banks and multinational corporations all put enormous value on the skills taught in this programme

Education to the highest international standards

The programme aims to deepen students’ understanding of the forces driving the global economy and the operations of international financial markets. The programme is designed to provide students with a rigorous analysis of the theory of international finance and the essential technical skills for using frontier methods of applied financial analysis. The programme offers students’ hands-on training of computer-based simulation models for both business analytics and the analysis of financial data.

Who’s Suited to This Course

Learning Outcomes

 

Work Placement

Study Abroad

Related Student Organisations

Course Fees

Fees: EU

€9,916 p.a. 2021/22

Fees: Tuition

€9,776 p.a. 2021/22

Fees: Student levy

€140 p.a. 2021/22

Fees: Non EU

€17,316 p.a. 2021/22

Note to Non EU students: Learn about the 24 month Stayback Visa here


What Our Graduates Say

Antriksh

Antriksh Panwar |   Funds Officer at Alter Domus

Pursuing MEConSc (International Finance) at the National University of Ireland, Galway was an amazing learning experience for me. The Finance aspect of the curriculum was more inclined towards current industry requirements. It came in handy for me during FRM Level I exams as it touched base on some of the core readings of the FRM curriculum. The economics part focussed mainly on research and use of statistical tools. Throughout the year, we worked on several assignments, including a year-end dissertation that helped us groom these skills. The professors were easily approachable and helped us whenever it was required. I would highly recommend this course to anyone who desires to pursue PhD or wants to get into Financial Services.
James

James McDonald |   Performance Analyst with Irish Life Investment Managers

The MEconSc will equip any student with the necessary soft & technical, both quantitative & qualitative skills required to succeed in a very competitive industry. A great feature of the MEconSc was the fact that you could deliver tutorials to students. This was genuinely a great experience as it turns the student who just intakes all the information provided to the lecturer who transfers the information in the easiest, most effective way to a large group of students. The MEconSc will challenge you as Semester 1 is very hands-on with group work & assignments so be willing to put your head down & give it your all, these skills & competencies that you develop throughout the Masters will stand to you as you progress to interview for some of the top companies in Ireland & abroad. I'm currently working for Irish Life Investment Managers (ILIM) where my current role is an Investment Analyst as part of the Performance team. Applied Portfolio Management was one of my favorite modules in the MEconSc & I regularly use the knowledge & skills I developed throughout this module in my day-to-day job.
Anthony Patrick

Anthony Patrick Saoud |   3M Data Analyst, Canada

The MEconSc (International Finance) at NUI Galway equipped me with advanced quantitative tools and techniques, which allowed me to standout and work in a competitive Fortune 500 company. The program exposed me to several fields in finance and quantitative research that enabled me to think outside the box and adapt to a variety of sectors.

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