IB9Y40 International Financial Management
This module examines how exchange rates, international capital markets and global financial risks affect investors, financial institutions and multinational companies. It connects the economic and quantitative foundations of international finance with their application to currency investment, hedging, risk management and international financial decision-making.
The module develops knowledge and analytical skills relevant to careers in foreign-exchange markets, global asset management, investment banking, corporate treasury, financial risk management and economic or investment research. Practitioner contributions provide insights into how international financial decisions are made in practice and the technical and broader economic skills valued by employers.
During the module, students have access to guest lectures from practitioners at leading financial institutions, including Robeco, Qube, Virtu, Northfield, Jupiter Asset Management, BNP Paribas, Goldman Sachs, Qontigo, Columbia Threadneedle Investments, Bank of America, Citigroup, Quoniam, Nordea, Fidelity, UBS, BlackRock and Citadel.
Selected exchanges between students and recent guest speakers
Student question:
Our discussions have focused largely on data, mathematics and statistics, which are undoubtedly important. In practice, what other factors also play a significant role?
Guest speaker:
“From a practical perspective, my economics background has helped me understand what drives currencies and how those drivers change over time. Exchange rates are among the most macroeconomic of the products traded by hedge funds and banks. They are influenced by relative monetary and fiscal policies, savings imbalances, commodity prices, movements in equity and bond markets, risk sentiment and many other factors.”
Student question:
Why do we need international trade? Although the financial gains from international investment are evident, are they its only purpose? More broadly, how can people around the world benefit from participating in international trade?
Guest speaker:
“International trade in manufactured goods and services allows economies to specialise in what they do best. This raises productivity and supports economic growth. Trade in natural resources also enables resources to be distributed more widely, benefiting both buyers and sellers.”
Student question:
If I wanted to pursue a career in a foreign-exchange-related field, what qualities or skills should I develop beyond strong mathematical ability?
Guest speaker:
“Over nearly 20 years in the industry, I have seen trading-floor roles become increasingly quantitative and specialised. For graduates, practical knowledge of programming languages such as Python and database languages such as kdb+ or SQL can therefore be an advantage. Many CVs list these skills, but far fewer demonstrate how they have been applied in coursework, internships, work experience or personal projects.”
Feedback from a guest speaker following an interaction with a student:
“Thank you for sending the student’s CV around. My FX Strategy colleagues currently have a vacancy. I would encourage him to apply, and I will also draw his CV to their attention.”
Module Overview
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Guest Lecture
Taster Lecture