Menu

School of Law

Postgraduate menu

Law and Finance

Master of Science ( 1 year Full-time / 2 years Part-time )

Overview

The MSc Law and Finance programme is offered jointly by the Centre for Commercial Law Studies (within the School of Law,) and the School of Economics and Finance at Queen Mary, to fill a significant gap in the current academic and professional training market in the UK and Europe. It will equip you with the knowledge, skills and practical tools needed to gain a thorough understanding of global economics and finance, and how this area is regulated by law. Such interdisciplinary skills are needed in order to manage the financial crisis and regulate the market effectively.

You can learn from and interact with some of the best academics and industry experts in their fields, many of whom advise and work with numerous leading institutions including the World Bank, national and international governments, the European Central bank, the IMF, the Bank of England, the European Union, the WTO, the Federal Reserve Bank of New York, Bloomberg, leading UK and International Banks, the FSA and leading International law and accountancy firms.

This programme will:

  • Enhance your career options by allowing you to specialise in the highly sought after interdisciplinary areas of law, economics and finance.
  • Allow you to tailor the programme to suit your interests by choosing one of four pathways: General; Banking and financial services; Law and financial regulation; or, Law and corporate finance.
  • Provide you with the theory, knowledge, practical skills and latest developments required to work in both emerging and established economies in legal, banking, financial, governmental or research institutions.
  • Provide professional module exemptions for the CISI (Chartered Institute for Securities & Investment) Masters in Wealth Management and the CBI Chartered Banker Diploma.

Why study your MSc in Law and Finance at Queen Mary?

The School of Law is firmly established as a centre of national and international excellence in legal studies and research, with leading academics in the field of banking, finance, regulation, insolvency, international commercial law and insurance law, including Professors Rosa Lastra, Philip Rawlings, George Walker, Rodrigo Olivares-Caminal and Dr Leon Vinokur.

High profile guest lecturers teaching on the courses have recently included Sean Hagan, General Counsel and Director of the Legal Department at the International Monetary Fund (IMF), Graham Nicholson, Chief Legal Advisor, Bank of England, Mr Lee Buchheit, Partner, Cleary Gottlieb Steen & Hamilton LLP, USA.

The School of Economics and Finance is one of the top economics schools in the country, with particular expertise in economic theory, econometrics and finance, and applied economics.

You will have invaluable contributions from respected City practitioners and industry experts including banks, fund management businesses, who also teach students, bringing practical insights in to the classroom by applying the theory to real world scenarios.

You will have access to an unparalleled set of optional short courses designed to equip you with further practical training and key technical skills that are highly valued in the Financial Sector.

State-of-the-art facilities such as a virtual trading floor, which provides exclusive access to the latest technology and financial software used in the banking and finance industry, and access to specialised financial and economic databases and software used by economists in finance or in government for data analysis and simulation.

Facilities

You will have access to facilities and equipment at both Schools, including the Postgraduate School of Law Centre in Lincoln's Inn Fields, Holborn, based in the legal district of London, which comprises of workstations, wireless internet access, projectors and a common room.

As well as housing the Law Library and a European Documentation Centre, the Queen Mary Library at Mile End provides access to all the main British, European and international textbooks, law reports and periodicals and also offers one of the best commercial law collections in the country. Through the University of London College network, students have access to an unrivalled range of electronic law journals and databases.

In addition, Queen Mary provides free access to extensive online databases and collections including: Lexis, Nexis, Westlaw, Justis, Eur-lex, Hein-Online, Business Source Complete, Index to Legal Periodicals, International Court of Justice Reports, Kluwer Arbitration, Oxford Scholarship Online (Law), Reports of Patent, Design and Trademark Cases, UK Statute law database and United Nations Treaty Collection.

You will be able to access the well-stocked law library at the University of London’s Institute of Advanced Legal Studies (IALS). The Institute, located at Russell Square, a few minutes’ walk from Lincoln’s Inn Fields, is one of the major law libraries worldwide. You will also have access to the University of London Library at Senate House.

The School of Economics and Finance is able to offer excellent facilities and resources to its students.

IT Software

  • Real Time Data/Trading Software: Queen Mary is one of the few UK universities offering training and access to both Reuters and Bloomberg trading terminals (in our designated trading room) as well as Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.
  • Time Series Data Software: A full range of economic and financial data is available through DataStream, Macrobond and the WRDS platform (including Bankscope and CRSP).
  • Statistical Analysis Software: A wide range of Econometric software including Eviews, Stata, Matlab, Gauss etc.

Computers Rooms

  • 2 computers labs with 70 PC s and designated printers.

Trading Room

  • Designated Trading Room offering training and access to Reuters, Bloomberg, Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.

Structure

MSc Law and Finance is available for one year full-time study or two years part-time study. If you are considering part-time study you should be aware that lectures are held both during the day and in the evening.

You can choose one of four paths: General; Banking and Financial Services; Law and Financial Regulation; and Law and Corporate Finance.

Each taught finance module is worth 15 credits; each taught legal module is worth either 22.5 or 45 credits. The taught component of the programme is followed by examinations and a 15,000-word dissertation.

Optional mathematics and statistics classes

If you want to review concepts such as statistical distributions and matrix algebra you will have the option to attend modules during induction week and week one of the first term.

Optional pre-sessional law classes

If you want to review basic concepts in the Anglo-Saxon legal system you will have the option to take classes during the first two weeks of term. The aim of these classes is to give you an understanding of the origins of Common Law, the sources of English Law as well as Equity and Trusts. The course is especially recommended for those who are not familiar with a legal framework or have no prior knowledge in the Anglo-Saxon legal system. The introduction to financial markets and financial transactions class provides an overview of the concept and functions of financial markets, identifies the main players in financial markets and the main type of financial transactions, and outlines the rationale for financial regulation.

Professional module exemptions

  • If you intend to apply for the Chartered Institute for Securities and Investment (CISI) Masters in Wealth Management programme you can apply for an exemption from the first module, Financial Markets. For this you will need to:
    • Join CISI as a student member and complete modules: Principles of accounting, Financial Derivatives and Investment Management.
    • After graduating from the MSc Law and Finance, you will need to complete an exemption form, submit your module results and pay an exemption fee of £75. Once you have applied for an exemption from Financial Markets, you will need to pass an exam in two further modules to gain the overall CISI Masters in Wealth Management.
  • If you intend to apply for the Chartered Banker Diploma from the Chartered Banker Institute (CBI) you will be eligible for exemptions from the following Chartered Banker Diploma modules.
    • If you take QMUL modules: Ethics in Business and Finance (option) and Banking Law (compulsory) you will be eligible for exemption from CBI module: Risk Management for Banking  (option).
    • If you take QMUL module: Professionalism Regulation and Ethics (Compulsory) you will be eligible for exemption from CBI module: Risk Management in Banking (Core).
    • In addition to the subject specific credits, the CBI offers one further Notional credit for a core unit, for example if you study any combination of three of the following modules: Regulation of Financial Markets, Business Finance, Principles of Accounting, Financial Markets, Financial Economics, Commercial and Investment Banking, Secured Finance in Commercial Transactions. If you gain three credits, two subject specific credits and one notional, you will be eligible to apply for CBI Associate status.

General programme

You must take a total of 180 credits to include the Law and Finance Dissertation (45 credits), at least one Law module (45 credits) or two Law modules (22.5 credits) and three Finance modules (15 credits each, a total of 45 credits) to be selected from the list of options below.

Module Availability: The modules listed under each programme structure are representative and not all options will be available every year.

Dissertation:

  • Law and Finance dissertation (45 credits)

Finance modules

Find the full module descriptions [PDF 31kb] (Each module is worth 15 credits)

  • Quantitative methods in finance
  • Principles of accounting
  • Financial economics
  • Financial derivatives
  • Commercial and investment banking
  • Investment management
  • Financial management
  • Risk management for banking
  • Business finance
  • Law and Finance in Practice

Law modules:


Each law module is worth 22.5 or 45 credits.

Specialist Pathways


You must take a total of 180 credits to include the Law and Finance Dissertation (45 credits), at least one Law module (45 credits) or two Law modules (22.5 credits) and three Finance modules (15 credits each, a total of 45 credits).

Read about the three specialist pathways and the available modules for each:

Optional short courses

The School runs a set of support modules and practical classes (in addition to the MSc programme modules) specifically intended to equip students with further practical training and key technical skills to improve employability prospects.

These modules are often taught by leading finance professionals working in the finance centres of the City. Their extensive practical experience, combined with the academic credentials of our faculty, allow us to create a superbly balanced and enriched educational programme.

Module options include:

For more information

Visit the School of Law website.

Contact

Application and administrative enquiries:
email: MScLawFinance-enquiries@qmul.ac.uk
Tel: +44 (0)20 7882 3853

Academic enquiries:
Dr Leon Vinokur,
Programme Director
email: l.vinokur@qmul.ac.uk
Tel: +44 20 7882 8103 or +44 20 7882 8837

Entry requirements

You should have a good second class honours degree, or equivalent, in Law or Finance (Economics). Relevant professional experience and/or other experience may also be considered.

Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website.

If your first language is not English, you must provide evidence of your English language proficiency. Find details on our English language entry requirements.

If you do not meet our language requirements it might be possible for you to undertake our pre-sessional English language programmes that will prepare you for the masters programme.

Learning and teaching

As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations and group exercises as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You will have a team of advisers to support you, including the Programme Directors, your dissertation supervisor and tutors and your module convenors.

Independent study

For every hour spent in formal classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.

The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.

Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.

Assessment:

Students are assessed by a combination of coursework and exams. Each module has its own distinct method of assessment. You will have to take this into account when choosing your modules and when planning your study time over the academic year. The majority of Law modules are assessed by a written examination and Finance modules are assessed by coursework as well as an examination.

Dissertation:

You will also be assessed on a 15,000-word dissertation.

Teaching Staff

School of Economics and Finance

School of Law

Fees

Tuition fees for Home and EU students

2015 entry
http://www.qmul.ac.uk/postgraduate/tuitionfees/index.html

Tuition fees for International students

2015 entry
http://www.qmul.ac.uk/international/international-students/tuitionfees/index.html

Funding

There are a number of sources of funding available for Masters students.

These include a significant package of competitive Queen Mary bursaries and scholarships in a range of subject areas, as well as external sources of funding.

School of Law scholarships

The School of Law offers a range of scholarships for Law Masters programmes each year. Full details are made available on the law funding page from October – November each year.

Queen Mary bursaries and scholarships

We offer a range of bursaries and scholarships for Masters students including competitive scholarships, bursaries and awards, some of which are for applicants studying specific subjects.

Read more about funding a masters

Alternative sources of funding

Home/EU students can apply for a range of other funding, such as Professional and Career Development Loans, and Employer Sponsorship, depending on their circumstances and the specific programme of study.

Overseas students may be eligible to apply for a range of external scholarships and we also provide information about relevant funding providers in your home country.

Detailed information about postgraduate funding options is available in our Postgraduate Funding Guide (pdf).

Read more about funding a masters.

Tel: +44 (0)20 7882 5079
email bursaries@qmul.ac.uk

Other financial help on offer at Queen Mary

We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

Tel: +44 (0)20 7882 8717

Graduate Employment

Profiles

Mduduzi Mathunjwa, Swaziland

Mduduzi Mathunjwa

Chevening Scholar 2013-14, MSc Law and Finance

The opportunity to combine Law and Finance modules has given me an insight and understanding of how and why the financial sector is more regulated. It has also put into perspective the rationale behind the manner financial contracts and transactions are drafted and conducted. I chose Regulation of Financial Markets, Legal Aspects of International Finance, Commercial and Investment Banking, Financial Management and Principles of Accounting from a pool of close to thirty modules offered in the programme. My choice has made me to appreciate the rights, obligations and risks involved in the dynamic world of finance. I have learnt how such rights and risks can be protected and safeguarded through regulations, practices and contracts, an important tool in a corporate and/or public professional’s arsenal of skills.

One of the best learning environments and facilities in place, the 'safety nets' support provided make learning in this institution easier for anyone from any corner of this circular world. Tutorials and having lecturers who are always available and willing to assist students has been invaluable to my studies. Boasting of already highly qualified, distinguished academics in their own right, Queen Mary goes the extra mile of inviting renowned leading experts in particular fields to share practical workplace experience with students. Knowing about current events and developments from class makes us to be readily prepared to join (or re-join) the working place with ease and importantly, better equipped.

I will forever be indebted my sponsors, Chevening Scholarships, the School, all staff members and students who all have made my life-changing learning experience in London the best it has been.    


Africa Sheppard, Canada

Africa Sheppard

CCLS/School of Economics and Finance partial scholarship winner 2013-14

I arrived at Queen Mary after having completed BCL and LLB law degrees at McGill University in Montreal, Canada, my third year of which I spent studying abroad at the faculty of law of the University of Edinburgh. During my studies, I worked as a student-at-law for two years at the Montreal office of Norton Rose Fulbright, and will be returning to them to complete my articling (traineeship) following the completion of my MSc.

After obtaining my law degrees, I knew I wanted to pursue graduate studies, but I also knew I wanted to study more than just law. Law and finance seemed a natural mix that would allow me to continue to expand on my existing legal knowledge and skills, while gaining a new skill set in finance. I hope this will prove useful both personally, to better understand the world in which we live, and professionally, to better understand my clients and the global financial situation. So far, I am thoroughly satisfied with my course and convinced this was the right decision for me.

The MSc programme attracts students from all over the world, as do the law and finance programs and classes. This provides interesting discussions enriched by different viewpoints, experiences, value systems and cultural references. The curriculum is evenly divided between law and finance courses. The law courses are given by the Centre for Commercial Law Studies and are shared with LLM students, while the finance courses are given by the School of Economics and Finance and are shared with students studying for MScs in Banking and Finance, Investment Management, Finance and others. The courses are all of a high level and are not “watered-down” finance courses to cater to students with law backgrounds or vice-versa. While this is challenging, it is rewarding and offers great potential career benefits. Particularly in our law classes, we have had the privilege of listening to many guest lecturers, such as Thomas Baxter, former General Counsel of the Federal Reserve Bank of New York, Professor Charles Goodhart, world-renowned economist and professor at LSE, and Lee Buchheit, partner at Clearly Gottlieb and sovereign debt expert. In addition to courses, I have been able to attend many other optional sessions that have proven highly interesting and useful, such as a financial trading programme and financial programming sessions. Furthermore, my different classes all build on one another and I feel that I am learning a different subject from many angles, both legal and financial.

I chose Queen Mary for its excellent reputation in Commercial and Banking law, and as it was the only university in London to offer an MSc in Law and Finance. Learning about banking and finance while living in what is arguably the financial capital of the world is stimulating and exciting. Moreover, the course explores issues which are highly topical and help gain an in-depth understanding of current world news. So far, my experience of the programme has been extremely positive and rewarding.


Elina Spyropoulou, Greece

Elina Spyropoulou

CCLS/School of Economics and Finance partial scholarship winner 2013

I have obtained an LLB in Law from the Aristotle University of Thessaloniki and an LLM in Law and Economics from the University of Hamburg (Germany). Prior to my enrolment in the MSc in Law and Finance, I had been working as an in-house lawyer for a limited company in Greece, focusing on issues related to civil litigation, company and insolvency law.

Active legal practice is a rewarding intellectual pursuit; however I soon came to realize that my academic interests transcended the borders of traditional company law practice.

In the wake of the European sovereign debt crisis I became more interested in the operation of financial markets and the function of monetary policy. The aspiration of embarking in legal practice or academic research related to these fields led me to pursue an interdisciplinary postgraduate study in law and finance.

Although I had received offers from various renowned universities, I opted for Queen Mary for a variety of reasons. Primarily the fact that the degree awarded in the completion of the programme is an MSc and not an LLM demonstrates that by the end of the academic year students will have acquired not just plain knowledge of the legal provisions related to finance but also an insight on the operation and structure of the financial system. Furthermore renowned academics and guest lecturers teach the programme.

I am very pleased with my choice. The courses are demanding but provide an incentive to students to do their own research, challenge conventional approaches and factor in their assessments market dynamics. I have to admit that the modules undertaken in the School of Finance seemed challenging at the beginning but the school provides comprehensive tutorial support. Now the inherent difficulties of making the leap to high finance have to a large extent subsided. The ability to interact and work together with my fellow students has been very rewarding. The programme encourages collaboration and the fact that students have different backgrounds (financial, legal or both) further promotes an interdisciplinary approach to current financial affairs.

We are witnessing a rapid restructuring of the legal and financial landscape and I believe this programme is structured to meet the demand for new professionals with advanced knowledge in both fields.


Ramiro Sandoval Garcia, Mexico

Ramiro Sandoval Garcia

MSc Law and Finance 2011-12

Admitted in Mexico only, Dechert LLP

Shortly after graduating from law school in Mexico I was offered an associate position at Galicia Abogados, S.C., a leading law firm based in Mexico City, and focused my practice mostly on finance and M&A transactions representing both domestic and foreign clients on a wide variety of transactions.  As my professional development at the firm continued, I realized that studying for a Masters degree would continue improving my skills as a practicing attorney and complement my professional profile; however, at that point I decided that given the scope of my practice and my day-to-day transactional work, a hybrid course which combines legal content and financial subjects which would not only make me a better attorney but also fulfil my professional needs given my current practice, so I began to search for alternate courses which were unique and provide a higher learning experience different from traditional LLM.

When I learned about the newly created MSc in Law and Finance programme offered by Queen Mary I knew that it was precisely what I was looking for, and my year in London proved me right. The synergies between the strictly legal classes I chose and the rest of my financial courses were truly enriching. Soon enough I realised that I made the right choice and that the MSc in Law and Finance would provide me with the academic and practical input that I was expecting from the course.

Following the end of the course - and before going back to Mexico City - I came to New York to work for a year at Dechert LLP as a visiting attorney, an experience that has allowed me to put into practice my new legal and financial skills and to cherish the valuable nature of my stay in London studying at Queen Mary.


Luke McCann, Ireland

Luke McCann

MSc Law and Finance 2011-12

''I had spent a considerable amount of time working in financial services with the Royal Bank of Scotland Group and later complemented that experience with a period spent at a leading commercial law firm in Dublin. After obtaining my law degree in Ireland, I wanted to re-align my academic and professional focus on my area of interest – capital markets. At the same time, I wanted to be able to leverage my legal background while pursuing this interest. The School of Law and the School of Economics and Finance at Queen Mary are world-renowned highly prestigious academic seats in their respective areas. Since, this course is jointly taught by both, I was confident when I applied that this would be the ideal degree programme as it would provide me with the best of both worlds.

The MSc Law and Finance at Queen Mary is specially designed for both lawyers that are interested in corporate legal practice and for lawyers interested in making the leap into high finance. The courses offered allow law students to look at legal issues through the lens of a financier, and also allows business students to look at financial issues through the lens of a lawyer. The course work is varied, challenging and practical, but also takes a broader perspective such that the student is able to understand complicated concepts and apply their learning in a meaningful manner. I found the teaching to be of an excellent standard. On the rare occasion that I required assistance from a lecturer they were very accommodating. Moreover, my supervisor for my dissertation is very approachable and of great help and openly discusses his research.

I found the experience of meeting other fellow students who were highly accomplished, personable and from all over the world most enriching.''


Letícia Moresca, Brazil

Moresca

 MSc Law and Finance 2011-12

''I had just finished my first degree in Law at Federal University of Tocantins, and I had no work experience. I was not sure about what career I would like to follow, when I decided to come to UK and look for a course, and an experience abroad. I had never been to another country before, but with a bit of research I realized Queen Mary was one of the most recognised universities, with the best quality of law courses in London. On the top of that, I found my current MSc course, where I would be able to study Law and Finance together, which in my opinion is a mix of knowledge that every lawyer and judge should have, since many cases involve calculations of money, as in cases of damages, pension, patrimony division and many others. Nowadays, still not even in the middle of the course, I have already got an internship in an international law firm and have had the chance to start learning a third language. I strongly believe this course can also give me the opportunity to work in other areas then in court.  Furthermore, since my country is emerging and receiving more investment from foreign companies and people every year I have plans to continue my studies and specialize in investments in emerging countries. Even with the crisis, I believe with my future qualification, there will always be space in the market for me, overseas or in Brazil, where studying abroad still has a huge weight and value. Besides, moving to London, one of the biggest and most cosmopolitan cities in the world, has also changed my perception of other cultures and put me in touch with people from countries all over the world. I have to admit that I’m facing some hard work adapting myself to a different country, speaking and studying in another language and challenging myself with studies that go beyond law, but I also should mention that in my weekends and breaks, I'm realizing my dream of travelling around Europe!''


Bookmark and Share
Return to top