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MSc Law and Finance

(One year full-time or two years part-time)

The Master of Science (MSc) Law and Finance programme is offered jointly by the Centre for Commercial Law Studies and the School of Economics and Finance at Queen Mary University of London. It aims to fill a significant gap in the current academic and professional training market in the UK and Europe. The MSc Law and Finance equips students with the knowledge, skills and practical tools needed to gain a thorough understanding of the global economy and finance, and how it is regulated by law.

Students follow one of four pathways: 

I am truly convinced that the MSc Law and Finance course at Queen Mary was the best choice for me. I find it a highly structured program, as it provides the right balance between theory and practice but also it includes both the knowledge necessary for individuals working in emerging economies and covers the latest developments in the law sector of finance, banking and financial institutes.
Sanja Panjkovic, MSc Law and Finance student
'In the current environment, after the economic crisis that shook the whole financial system, the financial sector becomes more regulated than ever before in its history. As a result there is a growing demand for experts that can understand the interdisciplinary complexity of the financial system. MSc in Law and Finance offers a unique opportunity, providing students with a solid background in both Finance and Law..." Read the full summary from Dr Leon Vinokur, Programme Director [PDF 36kb].

Part-time Students

If you are considering part-time study, please be aware that lectures take place during the day time as well as in the evening.

Programmes

Students must take a total of 180 credits to include the Law and Finance Dissertation and the remaining 135 credits to be selected from both Law and Finance modules. The programme starts in September.

Professional Exams Exemptions - CISI Masters in Wealth Management

CISI logo

Students who intend to apply for the Chartered Institute for Securities and Investment (CISI) Masters in Wealth Management programme are entitled to apply for an exemption from the first module, Financial Markets.

In order to apply for this exemption, students on the MSc Law and Finance programme will need to become a student member of the CISI for a fee of £50 and complete the following modules:

  • Principles of accounting
  • Financial Derivatives
  • Investment Management

Upon successful graduation from the MSc Law and Finance programme, students will need to complete an exemption application form and submit a copy of their results, which show achievement in the above modules. An exemption fee of £75 is payable. Having applied for an exemption from Financial Markets, students need only pass an exam in two further modules to gain the overall CISI Masters in Wealth Management.

Professional Module Exemptions for the Chartered Banker Diploma from the Chartered Banker Institute (CBI)

Chartered Banker Institute
The Chartered Banker Institute (CBI) has recognised certain MSc programmes offered by the School of Economics and Finance and the Centre for Commercial Law Studies (CCLS) for advanced standing for the Chartered Banker Diploma. Graduates can proceed directly to the Chartered Banker Diploma with no requirement for prior underpinning study, recognising the high level of commonality of elements within the relevant MSc programmes against the CBI’s Diploma modules. Read full details on the CBI exemptions for the MSc in Law and Finance.

Optional Mathematics and Statistics Classes

Students who want to review concepts such as statistical distributions and matrix algebra have the option to attend modules during induction week (week zero) and week one of the first term within the School of Economics and Finance. Students will be also presented with basic statistics and statistical software during the first term.

Optional Pre-Sessional Law Classes

These classes take place in week -1 and week 0 and are aimed at students who wish to review basic concepts in the Anglo-Saxon legal system. At the end of the classes students will be able to understand 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.

 


MSc Law and Finance - main (general) programme

Students 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

ECCL022 Law and Finance Dissertation

Finance modules:

Each finance module is worth 15 credits.

View the Finance module descriptions: 

MSc Law and Finance - Finance modules [PDF 30 KB]

 

Law modules:

Each law module is worth 22.5 or 45 credits.


Specialist Pathway A - Banking and Financial Services

Students 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.

Dissertation

ECCL022 Law and Finance Dissertation

Compulsory Modules

Optional Modules


Specialist Pathway B - Law and Financial Regulation

Students 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.

Dissertation

ECCL022 Law and Finance Dissertation

Compulsory Modules

Optional Modules


Specialist Pathway C – Law and Corporate Finance

Students 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.

Dissertation

ECCL022 Law and Finance Dissertation

Compulsory Modules

Optional Modules


Teaching Staff

Module convenors - provisional for 2012-2013

School of Economics and Finance

School of Law

Assessment

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.

Entry requirements

A good second class honours degree in Law or Economics or overseas equivalent and/or relevant professional qualification and/or experience.

English language requirements

All students from countries where English is not the first language must supply a TOEFL or IELTS language test result or equivalent. If you took your degree overseas and were taught in the English medium but your country's main language is not English, you still have to provide a language score. The standard of English language used varies from region to region and indeed from university to university. It is therefore vital that all such students provide English language scores. If you have not yet taken an IELTS/TOEFL test or equivalent at the application stage, you should still apply. If your IELTS/TOEFL results or equivalent are not yet available, you could be made a conditional offer, subject to our normal academic requirements. If your score is lower than our full requirement we may be able to help you with pre-sessional language training (in the summer prior to the MSc). You should therefore provide a language score in good time. 

Students who submit a language score that does not meet the full language entry requirements of 7 overall 7 writing IELTS (or equivalent) will automatically be offered the appropriate pre-sessional language course as a condition of MSc entry if and where possible. However, if required, a student may still retake and submit a higher language score before enrolment - any pre-sessional condition set can then be cancelled or amended depending on the new score achieved and the date the new scores are submitted. Read the full and minimum language requirements.

How to apply

Apply online

Full guidance notes are provided during the online application process.

Online application is the preferred method of application. If you have any difficulty using the online form please read the online application guidance notes accessible from your online application. If you then cannot resolve the problem or are unable to access the online form please contact the Admissions team by email on admissionsteamc@qmul.ac.uk.

Contact us

For further information contact:
Centre for Commercial Law Studies
67-69 Lincoln’s Inn Field
London, WC2A 3JB

Admissions / application queries
email: admissionsteam@qmul.ac.uk
Tel: +44 (0)20 7882 5533


Programme queries:
email: MScLawFinance-enquiries@qmul.ac.uk
Tel: +44 (0)20 7882 8099

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!''

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