Behavioural Decision Making for Finance
Application deadlines: April 30
International tuition: £16,950
Domestic tuition: £7,000
You’ll benefit from the vibrant research community within our Behavioural Science Centre, where there’s a regular programme of visiting speakers, leading academics, and policy and industry professionals. There’s also the opportunity work closely with course staff who have published in leading peer-reviewed outlets on: Forecasting Risk and how to communicate it Altruism Donating behaviour Survey design Selective Attention Priming, including Mortality Salience The optimal design of nudges The ethics of nudging The replication crisis in the social sciences And have applied their research to an extensive set of areas including: Stock market forecasting Currency market forecasting insurance markets employment and HR pensions saving pensions decumulation real estate markets The first semester will cover the core toolkit required for understanding the financial world and interpreting it through a behavioural lens. In the second semester you’ll focus in on specific financial sectors of your choosing. You’ll be taught how to apply behavioural science to uncover new insights in the financial realm. The dissertation project requires you to write an investment prospectus that proposes a behaviourally informed investment portfolio or other financial product.
This program can be done
A minimum of a second class Honours degree (2:1 preferred) or equivalent. Applicants without these formal qualifications but with significant appropriate/relevant work/life experience are encouraged to apply. Or minimum grade of 7/10 in a Specialist Diploma. English language requirements: IELTS 6.0 with 5.5 in each skill; Pearson Test of English (Academic) 54 overall with a minimum of 51 in each sub-skill; IBT TOEFL 78 overall with a minimum of 17 in listening, 18 in reading, 20 in speaking and 17 in writing.
Major players in the financial sector, including Goldman Sachs and Morgan Stanley, have published papers recognising the impact of behavioural biases on financial markets. Increasingly, employers are looking for qualified candidates who can create behavioural investment strategies. By studying this course, you’ll be armed with theory and quantitative skills that will make you very attractive to potential employers. Typical employers could include investment banks, stockbrokers, FinTech, insurance companies, personal financial advisors and financial regulators. By combining behavioural science with finance, this qualification will especially appeal to employers who wish to find arbitrage opportunities (i.e. value) in the financial markets and need to forecast consumer response to products.
Stirling , United Kingdom