Award Type and NFQ level : TAUGHT MASTERS (9)

CAO/PAC code : MHH68

CAO Points :

Closing Date : 31 July 2021

View FETAC details

The two-year MSc Economic and Financial Risk Analysis provides international quality training in the fundamental concepts and tools required by the financial sector. It is specifically targeted at students who have an interest in a career in Finance but do not currently have sufficient background in the subject.

The programme emphasises ‘problem solving’ through a combination of theoretical principles and empirical tools. Successful graduates are equipped with a wide range of economic, financial, quantitative and communication skills, thus opening up a diverse set of career opportunities, both within and outside the financial sector.

This degree has ensured that Maynooth University has been accepted as a GARP partner for Risk Education.


An honours primary degree in any discipline, or equivalent. Students without any knowledge of Finance or Economics are strongly advised to have a good background in Statistics and Quantitative Methods and/or to be prepared to undertake substantial independent study to equip themselves with the expected level of Economics and Finance.

Minimum English language requirements: IELTS: 6.5 overall score or equivalent. Please visit Maynooth University International Office website for further information about English language and other requirements for international students. The requirements specified are applicable for both EU and non-EU international applicants.

National University of Ireland Maynooth's TOEFL code is 8850.

Head of Department

Department of Economics

The first year is an intensive and extensive introduction to the world of Economics and Finance. The aim is that by the year-end, students will be at the same level as a graduate in Economics and/or Finance. Students will cover the basic concepts, empirical methods and applications in Investments, Derivatives, International Finance and Econometrics as well as choosing field courses of interest from a range of optional modules. Students are required to attain a 2.1 standard at the end of the first year in order to progress.

The second year of the programme is the same as MHH64. Students take core modules in Microeconomics, Macroeconomics and Econometrics in the first semester.  In the second semester, students take specialised field modules that may include Financial Risk Analysis, Advanced Derivatives, Empirical Finance, International Finance, Corporate Finance and Market Microstructure. The summer term of the second year is spent on either a three-month Work Placement or completing a research thesis.

Although this is a two-year programme, it offers great flexibility; students may exit after the first year of the programme and receive a Higher Diploma in Arts (Finance).


Course Duration: 2 years full-time

The 2-year MSc in Economics and Financial Risk Analysis at Maynooth University is a great opportunity for interested candidates to ready themselves for a career in financial services. Without requiring any background in Finance, students who are ready to make this important investment can expect to earn high returns in their future careers. This degree has the potential to open up career opportunities across the globe. As financial markets become more integrated, the career prospects of our graduates have become greatly enhanced. Recent graduates are currently enjoying successful careers in credit risk management, insurance, hedge fund management, and investment and retail banking in the private sector. The diverse career paths reflect the adaptability and flexibility of our graduates.

Check out testimonials from our graduates at

Online application only

PAC code

The following information should be forwarded to PAC, 1 Courthouse Square, Galway or uploaded to your online application form:

Certified copies of all official transcripts of results for all non-Maynooth University qualifications listed MUST accompany the application. Failure to do so will delay your application being processed. Non-Maynooth University students are asked to provide two academic references and a copy of birth certificate or valid passport.

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