Who is this course for? 

The MEconSc International Finance is designed for ambitious students who want more than just a standard finance degree. If you’re comparing postgraduate programmes across Ireland, the UK, Europe or beyond, you’ll find this programme stands out for its balance of economic depth, technical rigour and real-world application.

You may be: 

• A recent graduate with a background in economics, finance, business or quantitative disciplines, eager to gain specialised skills in international finance;
• A professional seeking to pivot into global financial services, policy, investment, or risk management;
• Or a future-focused learner interested in sustainability, economic forecasting, and financial analytics. 

This programme is ideal for those who are intellectually curious, analytically minded, and driven to understand how economic theory and financial markets shape the world. If you’re looking for a postgraduate experience that blends technical expertise with practical relevance, and opens doors to international careers and further research, the MEconSc International Finance at University of Galway offers a compelling edge. 

What will I study?

This full-time, one-year programme runs from September to August and is structured across two teaching semesters followed by a dissertation in the summer period. It combines economic theory with practical, technical skills and industry-relevant content. 

Core themes include: 

• International finance and exchange rate dynamics
• Multinational investment flows and risk management
• Financial data analysis using Python, Stata and Excel
• Asset pricing, applied portfolio management and derivatives
• Research skills and econometric modelling
• Green and Sustainable Finance - an increasingly critical area within global markets and responsible investment. 

A new optional module, Applied Behavioural Economics and Finance has been introduced to help students understand and predict real-world financial behaviour beyond traditional models. 

Learning progression: 

• Semester 1 focuses on developing strong foundations in economic theory, quantitative methods, and financial analysis tools.
• Semester 2 builds on this with applied modules in risk, asset pricing, and portfolio management, including real-world case studies and simulation modelling.
• Summer is dedicated to an individual research dissertation, which allows students to explore a specialised topic of interest under expert supervision. 

Students may also have the opportunity to undertake an internship during the year, subject to availability and approval, adding valuable work experience to their academic journey. 

Curriculum Information

Curriculum information relates to the current academic year (in most cases).
Course and module offerings and details may be subject to change.

• Recognised by GARP for excellence in risk education 
  This global partnership signals the programme’s strong alignment with industry standards in risk and financial analysis. 
• Focus on sustainable finance and responsible investment 
  Green & Sustainable Finance and Applied Behavioural Economics & Finance reflect the shift toward ESG-conscious financial strategies.
• Bridge theory and practice through applied learning
  Learn to work with industry tools like Python, Stata and Excel, and analyse real-world financial data using simulation models.
• Optional internship to strengthen your professional profile
  Gain valuable workplace experience and industry connections through a work placement tailored to your career goals.
• Pathway to prestigious global careers
  Graduates enter high-impact roles in organisations such as J.P. Morgan, Goldman Sachs, and the European Central Bank.
• Research-led and academically enriching
  The final dissertation offers the chance to explore a specialised area in depth, guided by expert faculty. 

The MEconSc International Finance equips you with the analytical, technical, and global expertise needed to thrive in today’s competitive financial landscape. Designed with employability in mind, the programme prepares you for high-impact roles across the financial services sector, central banking, policymaking, and economic consultancy. 

Where can this degree take you? 

With strong foundations in economic theory and financial modelling, graduates are well positioned to work in: 

• Investment banking and asset management
• International finance and global economic policy
• Central banks and regulatory bodies
• Financial consultancy and advisory services
• ESG and sustainable finance
• Risk management and data analytics 

Our graduates have gone on to secure roles at prestigious employers including: 

• Goldman Sachs
• J.P. Morgan
• European Central Bank
• Irish Life Investment Managers (ILIM)
• Ocorian
• State Street
• Central Bank of Ireland 

Roles our graduates pursue: 

• Investment Analyst
• Risk and Compliance Officer
• Funds Supervisor
• Economist or Economic Analyst
• ESG/Green Finance Specialist
• Research Associate (PhD prep or think tank roles) 

What makes our graduates career-ready? 

The curriculum is shaped around the skills most in demand by global employers: 

• Technical proficiency in Python, Stata, and Excel
• Real-world exposure through optional internships
• Core financial capabilities in risk management, asset pricing, and portfolio analysis
• Industry relevance through the Green & Sustainable Finance module and GARP Academic Partnership
• Strategic insight into international trade, investment, and macroeconomic policy 

Next steps: further study and specialisation 

Graduates regularly pursue PhD pathways or specialised professional certifications such as the Financial Risk Manager (FRM) designation. 

This is more than a degree - it’s a launchpad for global careers in finance, policy, and beyond.

As part of the MEconSc International Finance, students have the opportunity to complete an optional internship during the summer term. This professional placement bridges the gap between academic learning and practical application, offering real-world experience in financial institutions and policy environments. 

Duration and timing 

Work placements typically take place after Semester 2, during the summer months, allowing students to apply their skills in a professional setting while also working on their dissertation. 

Placement partners and locations 

While placements are not guaranteed, students are supported in sourcing opportunities with organisations in Ireland and abroad. Past students have secured internships with institutions such as: 

• Irish Life Investment Managers (ILIM)
• Central Bank of Ireland
• State Street
• Ocorian
• Regional banks and consultancies across Europe 

Students also have the option to self-source placements, subject to approval. 

Roles and responsibilities 

Depending on the host organisation, students have contributed to: 

• Investment portfolio analysis
• Financial modelling and data reporting
• Macroeconomic and risk analysis
• ESG/sustainable finance evaluation
• Policy and regulatory research 

These placements are typically full-time and may be paid or unpaid depending on the employer. The experience is valuable regardless of remuneration, providing a strong platform for future employment. 

Benefits and outcomes 

Work placements allow students to: 

• Strengthen their professional network
• Gain exposure to the operations and challenges of the financial sector
• Apply technical skills in Stata, Python and Excel in real contexts
• Build a CV that stands out to top-tier employers 

In many cases, internships have led to full-time job offers, making this a powerful stepping stone to a graduate career in international finance.

Accrediting Body

The MEconSc International Finance is an academic partner of the Global Association of Risk Professionals (GARP). This partnership confirms that the programme aligns with the curriculum of GARP’s globally recognised Financial Risk Manager (FRM®) certification - considered a gold standard in risk management. 

What does this mean for students? 

As a GARP Academic Partner, University of Galway provides students with a curriculum that supports preparation for the FRM® exams. While the MEconSc does not confer the FRM designation directly, it equips students with the technical and analytical foundations required to pursue it independently after graduation.

• Ashley Piggins
• Cian Twomey
• Zongyuan Li
• John McHale
• Jason Harold 

How will I learn? 

On the MEconSc International Finance, learning is dynamic, interactive, and designed to reflect the fast-paced, global world of finance. From day one, you’ll combine academic theory with practical skills that employers value - building confidence in both your technical ability and strategic thinking. 

You’ll learn through: 

• Engaging lectures and small-group seminars led by expert academics with real-world industry insight
• Hands-on workshops using tools like Python, Stata and Excel to analyse real financial data
• Case studies and simulation exercises focused on international markets, economic policy, and investment flows
• Collaborative projects and presentations that build communication, teamwork and leadership skills
• A final research project or dissertation that allows you to explore a topic that excites you - with dedicated one-to-one support 

Expect around 12 - 15 contact hours per week, with plenty of flexibility for self-directed study, group work and professional development activities like guest talks and optional internships. 

How will I be assessed? 

Assessment is designed to reflect how finance works in the real world - problem-solving, decision-making, and data storytelling matter here. You’ll be assessed through a blend of methods that support your development throughout the year: 

• Continuous Assessment (30 - 40%) 
  Regular assignments, coding projects, short reports, presentations and in-class activities help you build confidence as you go.
• Examinations (40 - 50%)
  Formal exams at the end of each semester allow you to demonstrate your understanding of financial theory and applied analytics.
• Final Project or Dissertation (20 - 30%)
  Dive deep into a subject that matters to you - whether that’s sustainable finance, fintech, risk modelling, or macroeconomic policy. This is your chance to shape your future career path. 

Course queries: 
economics@universityofgalway.ie 

Programme Director(s):  

Professor Alan Ahearne, 
Personal Professor, J.E. Cairnes School of Business and Economics 
E: alan.ahearne@universityofgalway.ie

Q: What academic background is required to apply? 
A: Applicants should normally hold a minimum 2.1 undergraduate degree in economics or a related discipline. A high 2.2 with strong performance in economics modules may also be considered. 

Q: Do I need prior experience with coding or financial tools? 
A: No prior coding experience is required. The programme includes hands-on training in tools such as Python, Stata and Excel, with support to help all students build technical skills from the ground up. 

Q: Is the internship guaranteed for all students? 
A: Internships are optional and subject to availability. While not guaranteed, students are supported in securing placements and can also propose their own internship, pending approval. 

Q: Can international students apply, and are there scholarships available? 
A: Yes, the programme welcomes international students. A range of merit-based scholarships are available through University of Galway’s Global Scholarships and Postgraduate Excellence schemes. 

Q: How much maths or quantitative content is in the programme? 
A: The course includes quantitative analysis, econometrics and financial modelling, but focuses on applied skills over abstract theory. A comfort with numbers and a willingness to learn are more important than advanced mathematical training. 

Q: Will this degree help me qualify as a Financial Risk Manager (FRM)? 
A: Yes. As a GARP Academic Partner, the programme is aligned with the FRM curriculum. You will still need to complete the FRM Part I & II exams and two years of relevant work experience after graduation to earn the designation. 

Q: Can I go on to further study after this degree? 
A: Absolutely. Graduates often progress to PhD programmes in economics, finance, or public policy, both in Ireland and internationally. 

Q: What kind of career support will I receive? 
A: You’ll have access to career workshops, employer networking events, alumni connections, and one-to-one support from the University’s Career Development Centre. 

University of Galway recognises that knowledge and skills can be acquired from a range of learning experiences. This is in line with the National Framework of Qualifications (NFQ) goals which aim to recognise all learning achievements by supporting the development of alternative pathways to qualifications (or awards) and by facilitating the recognition of prior learning (RPL). 

Contact the Programme Director for further details.

Graduates of the MEconSc International Finance will leave the programme with a powerful blend of analytical precision, digital fluency, and global perspective. Beyond technical expertise, you’ll develop a broad portfolio of skills that are highly sought after across industries. 

You will be able to: 

• Interpret complex financial data and translate it into actionable insights for business, policy, or investment decisions
• Build and defend evidence-based arguments, drawing on global economic trends, quantitative models, and policy analysis
• Communicate financial concepts clearly to technical and non-technical audiences across cultures and sectors
• Design and manage independent research projects, using advanced tools to investigate emerging challenges in global finance
• Solve problems under uncertainty, applying critical thinking and scenario modelling in fast-moving environments
• Work effectively in cross-functional, international teams, developing the interpersonal skills needed in today’s interconnected workplace
• Adapt quickly to evolving regulatory, technological, and sustainability demands within financial services and public-sector organisations
• Reflect on your own learning and growth, building self-awareness and resilience to navigate a dynamic career path 

These are the kinds of skills that not only open doors, but sustain long-term success - whether you’re pursuing a role in finance, policy, consulting, or research. 

Minimum Entry Requirements

Normally a H2.1 degree (NFQ Level 8 or equivalent) with Economics to intermediate level.* Candidates with a significantly high H2.2 honours degree and who have achieved a 2.1 average in relevant Economics modules as their major, may also be considered.  

* 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.  

Academic entry requirements standardised per country are available here.  

English Language Entry Requirements

For applicants whose first language is not English, an English language proficiency of IELTS score of 6.5 is required or equivalent.  

More information on English language test equivalency are available here.  

Supporting Documents

You will be required to provide supporting documentation as part of your application. You can check here what supporting documents are required for this course.   

You can apply online to the University of Galway application portal here.  

Please review the entry requirements set out in the section above. 

You will be required to upload supporting documentation to your application electronically. See the section above on entry requirements for further information on the supporting documentation required for this course.  

Closing Dates 

For this programme, there is no specific closing date for receipt of applications. Applications will be accepted on a rolling basis and course quotes will be reviewed continuously throughout the application cycle.  

Notes 

• You will need an active email account to use the website and you'll be guided through the system, step by step, until you complete the online form. 
• Browse the FAQ's section for further guidance.

Fees for Academic Year 2025/2026

Course Type	Year	EU Tuition	Student Contribution	Non-EU Tuition	Levy	Total Fee	Total EU Fee	Total Non-EU Fee
Masters Full Time	1	€11,500		€20,500	€140		€11,640	€20,640

For 25/26 entrants, where the course duration is greater than 1 year, there is an inflationary increase approved of 3.4% per annum for continuing years fees.

Postgraduate students in receipt of a SUSI grant – please note an F4 grant is where SUSI will pay €4,000 towards your tuition (2025/26).  You will be liable for the remainder of the total fee.  A P1 grant is where SUSI will pay tuition up to a maximum of €6,270. SUSI will not cover the student levy of €140.

Note to non-EU students: learn about the 24-month Stayback Visa here. 

Additional Costs 

Software and Learning Resources 
All core software platforms (e.g. Stata, Python, Excel) are provided by the university. There are no additional costs for licencing or lab access. 

Computer Equipment 
Students are advised to have access to a personal laptop capable of running statistical and programming software (e.g. Python, Stata). Minimum spec: 8GB RAM, i5 processor or equivalent. Approximate cost: €500–€800 if purchasing new. 

Field Trips and Guest Events 
Occasional transport costs may apply if optional site visits, seminars or guest lectures take place off-campus. Estimated max cost: €50–€100 over the academic year. 

GARP Certification Costs (optional) 
Students pursuing the Financial Risk Manager (FRM) qualification post-graduation should budget for the following (as of 2025): 

• FRM Part I exam: USD $1,200 (standard registration)
• FRM Part II exam: USD $600–$1,000
• GARP annual membership (optional but recommended): USD $195 

These costs are paid directly to GARP and are not included in tuition fees.

Postgraduate Excellence Scholarships

This scholarship is valued at €1,500 for EU students applying for full-time taught master's postgraduate courses. You will be eligible if: 

• You have been accepted to a full-time taught master's course at University of Galway,
• You have attained a first class honours (or equivalent) in a Level 8 primary degree.  

An application for the scholarship scheme is required (separate to the application for a place on the programme). The application portal for 2025 is now open and available here. Applications will close on the 30th September 2025. Full details available here.  

Global Scholarships
University of Galway offers a range of merit-based scholarships to students from a number of countries outside of the EU. Visit here for schemes currently available.  

Business Postgraduate Merit Scholarships – J.E. Cairnes School of Business and Economics 

At J.E. Cairnes School of Business and Economics, we are committed to attracting top students from around the world. Our Merit Scholarships provide up to 50% tuition fee coverage across our Taught Master's programmes for high-achieving students. 

Key Highlights: 

• No application required – All eligible candidates are automatically considered.
• Eligibility: Achieve a H1 (or international equivalent) in your primary degree.
• Competitive selection process – Scholarships are awarded based on merit. 

How to Qualify: 

• Accept your offer on a Taught Master's programme usually before the end of May.
• Pay the required deposit to secure your place. 

Application Process 

Students applying for full time postgraduate programmes from outside of the European Union (EU), You can apply online to the University of Galway application portal here.  

Our application portal opens on the 1st October each year for entry the following September.   

Further Information 

Please visit the postgraduate admissions webpage for further information on closing dates, documentation requirements, application fees and the application process.