Applications are now open for Sep 2016
More than 90% of our MSc ISF 2014 graduates are in work or further education 6 months after graduation
A truly unique Masters programme
- Study at Henley Business School, among the top 1% of triple-accredited business schools in the world, ranked among the top 5 in the UK.
- Gain from being part of the highly reputable ICMA Centre, ranked among the top 30 schools in the world for its finance Masters.
- Spend one month at ALBA, a leading European Business School specialising in shipping and management education, based in Greece, a country with a long-standing tradition in shipping and the largest merchant fleet in the world.
- Be awarded two full time MSc degrees in International Shipping and Finance, one from each institution (Dual Degree Award)
- Utilise our links with leading companies in the shipping industry and gain access to work-experience placement opportunities.
- Experience world-class student facilities and a practice-centred delivery approach including specialised workshops, distinguished guest speakers, bespoke simulations and company visits.
- Be taught by world renowned academic faculty and industry practitioners.
- Benefit from an in-house careers development programme and our partnership with Spinnaker Global, the leading shipping recruitment consultancy.
- Be granted professional exam exemptions from the Institute of Chartered Shipbrokers (ICS)
Meeting the needs of a fast-paced industry
The primary aim of the MSc in International Shipping and Finance (ISF) is to address the educational needs of the rapidly evolving, highly competitive and capital intensive shipping industry, by bridging the gap between academic theory and business practice.
The programme is designed to provide a unique educational experience that combines research-led, technically advanced teaching by world-renowned academic faculty and senior industry practitioners. The shipping industry itself is highly involved in shaping its structure and contributing to its delivery as well as the career development of its participants. The delivery of this programme is based on a practice centred, hands-on approach. The ultimate objective is to ensure that graduates are equipped with the knowledge, technical expertise and skills required by major employers in the sector.
You will gain an in-depth understanding of how the shipping and financial markets interact and complement each other. You will specialise in the analysis of shipping markets and cycles, maritime trade patterns and commodities carried by sea, chartering and ship-broking practices, maritime logistics systems, legal aspects in shipping, the selection of alternative shipping finance and investment methods as well as the development, implementation and appraisal of shipping related risk management strategies. You will also gain exposure to securities trading, corporate transactions, valuation, investment strategies and quantitative techniques.
- Distinguished professors and guest speakers
- Specialised master-classes and workshops delivered by select senior practitioners
- Hands-on sessions and bespoke simulations
- Company visits and field trips
- Careers development programme and networking events
- Work placement opportunities available to outstanding graduates
This degree is only available on a full-time basis on both, a 9 and a 12 months duration. Students will be resident and under take full-time study in the UK and Athens, Greece. Students take compulsory and elective modules in Parts 1 and 2. Under the 12-months programme students take additional electives in Part 3.
|October – December:||Part 1 – ICMA Centre, Henley Business School, UK|
|January – March:||Part 2 – ICMA Centre, Henley Business School, UK|
|March – April:||Part 2 – ALBA Business School, Athens, Greece|
|June – August (12 months proogramme only):||Part 3 – ICMA Centre, Henley Business School, UK|
You will have the opportunity to spend 1 month in Greece, home to over 700 shipping companies controlling more than 16% of merchant fleet world wide. During your time at our partner institution, ALBA, you will attend specialised shipping courses and workshops and participate in other activities such as visits to shipping companies and the COSCO terminal at the port of Piraeus, accompanied by information sessions from shipping practitioners.
Successful graduates will be awarded two full time MSc degrees in International Shipping and Finance, one from each institution.
Join our MSc International Shipping and Finance page on Facebook and keep up-to-date with the latest on the programme as well as shipping industry and education related news.
Scholarships of up to 50% towards tuition fees are available to EU/UK/Norwegian candidates. To qualify you would need a minimum 2:1 or equivalent from an overseas institution. Scholarships of up to £5,000 towards tuition fees are available to all other candidates. In the past scholarships have been awarded to applicants with outstanding academic achievements and/or relevant work experience. To discuss your individual circumstances with regards to scholarships and express your interest please email the MSc ISF programme assistant Mr Satya Sahoo firstname.lastname@example.org
For admissions information please contact: email@example.com
For general information about the programme you can contact the MSc ISF team on firstname.lastname@example.org or the Director of Shipping programmes Dr George Alexandridis
||Minimum 2:1 or the equivalent from an overseas institution*.|
||Any discipline – no quantitative requirement.|
* Please note that due to increasing competition for places on our Masters programmes our entry requirements may change.
We operate a rolling admissions system and you are therefore advised to apply early in order to be sure of your place on our programmes. We experience high levels of demand, and it is possible we might have to close applications to some programmes once places are filled.
If English is not your first language, you may be required to take one of the following:
TOEFL (Test of English as a foreign language): Overall score of 100 with no less than 20 in Listening, Writing and Reading and 21 in Speaking
IELTS (British Council International English Language Test): Score of 6.5 overall with no component less than 6 when attending the 6-week pre-sessional English course offered by the University of Reading. Entry to this pre-sessional course with a score of 6.5 fulfils your English language requirement.
Please note that students not attending a Pre-Sessional course will need to pass IELTS with an overall score of 7 and no component less than 6.0. For more options please see the International Study and Language Website or email a member of the Postgraduate Admissions team.
For any additional information about admissions you may contact: email@example.com
|MSc International Shipping and Finance2016-17||£21,900|
Fees are the same for both EU and overseas students. Please note there is a one-off £30 application fee (one charge regardless of how many courses you apply for). You can pay this by credit/debit card at this link (please contact us if you require details of alternative payment methods).
Living expenses are in addition to the above fees. Overseas full-time participants can expect to spend approximately £9,400 on additional living expenses during the course of their studies. Home/EU full-time participants can expect to spend approximately £8,000 on additional living expenses during the course of their studies. Additional accommodation and living expenses for the part of the programme that takes place in Greece (1 month) are approximated to be around £1,000.
If you are an EU/UK applicant with a minimum 2:1 or equivalent from an overseas institution for your bachelor’s degree you might be eligible for a 50% scholarship. More information is available here
UK/European Union Postgraduate Loans
The UK Government has confirmed that non-means tested loans of up to £10,000 will be available to students studying for postgraduate masters courses from the 2016-2017 Academic year. To be eligible, students will need to be English domiciled. EU students, and individuals falling within certain specified categories, may also be eligible.
Full details of the loan, including how to apply, are due to be published this year. You read more at Introduction of loans for postgraduate students and Government response to the Consultation on Support for Postgraduate Study.
How to Apply
Full-Time MSc Applications
The ICMA Centre operates on a rolling admissions basis, meaning that prospective students can apply for our programmes throughout the year, however we do advise to apply early in the year. We aim to return a decision within 4-6 weeks of receiving your application.
Full-time applicants can apply online.
Full-time: 9 months
Full-time: 12 months
This degree is only available on a full-time basis on both, a 9 and a 12 months duration. Students will be resident and under take full-time study in the UK. Under both, the 9 and 12-month programmes students take compulsory and/or elective modules in Part 2. The 12 month option involves taking an elective 20 credit module between July and August, which would also mean a 20 credit reduction in the number of taught modules taken in the spring term.
|October – December:||Part 1: Autumn Term, ICMA Centre|
|January||Part 1 Exams, ICMA Centre|
|January-March||Part 2: Spring Term, ICMA Centre|
|March-April:||Part 2: Spring Term, ALBA, Athens, Greece|
|May – June:||Part 2 Exams, ICMA Centre|
|June – August(12 months programme only):||Part 3, ICMA Centre|
|August/Sep:||Part 3 Exams, ICMA Centre|
Is there an application fee?
Yes, there is a £30 application fee (one charge regardless of how many courses you apply for). You can pay this by card at http://www.icmacentre.ac.uk/netbanx-payments (please contact us if you require details of alternative payment methods).
Can I apply for more than one course?
Yes, you are welcome to apply for more than one course. Please also note that if we cannot offer you a place on your chosen course we may suggest a suitable alternative. If you wish to discuss which courses may best suit your career aspirations you are welcome to contact our careers team. You can find more details at http://www.icmacentre.ac.uk/study/careers-and-graduate-destinations
Will I need to take an English test i.e. IELTS or TOEFL?
An English test may be required. You would be advised of this if we were to make you an offer. You would also be advised of Pre-Sessional courses available. English conditions are monitored by the Postgraduate Admissions office. If you have a question regarding English please contact firstname.lastname@example.org
I have a conditional offer but have not met my academic conditions. Can I keep my place on the course?
If your results are much lower than our requirements we may not be able to offer you a place. However, if you only missed out by a small amount we will ask the admissions team to review your results and make a decision. This will take a few days although we will try to get back to you as soon as possible.
Can I defer my place?
We usually allow deferrals for one year. Please email email@example.com if you wish to request a deferral.
Will I have to pay a deposit?
Yes, we require a non-refundable £1000 deposit within six weeks of receiving your offer recommendation. We advise waiting for your official offer (listing all conditions) before paying this. Please notify us when you have paid your deposit so that we do not send you any reminders.
What will I need to make an application?
You will need a card to pay the £30 fee (please contact us if you require alternative payment methods). The very least we need, aside from your completed application form and fee, is a current academic transcript. All other items can be set as conditions to be met at a later date (e.g. degree certificate, references etc).
Do you need references?
Yes, we require 2 references. If you have been out of education for longer than 5 years we are happy to accept professional references from a current manager/supervisor. When submitting your online application you will be asked to enter contact details for your referees. The application system will then send an automated request to your referees. Please note that if you have entered their personal email address (rather than professional), we will require the references to be uploaded on professional headed paper.
How many intakes do you have per year?
Our Full-Time courses only have one intake – September.
Will I need to take a GMAT?
We will need to assess your application to determine whether a GMAT is necessary. A GMAT condition tends to be applied when there is not sufficient evidence of a satisfactory level of numeracy or if candidates have been out of education for a significant period of time. We advise submitting an application as early as possible so that you have plenty of time to satisfy this condition if applied to your offer.
Are there any courses which do not have a quantitative requirement?
Yes, a GMAT is not required for the following courses:
- MSc Capital Markets, Regulation & Compliance
- MSc International Shipping & Finance
Please note that we do not assign a GMAT condition for MSc Financial Engineering applications as we require a quantitative degree for admission.
What is the application deadline?
We have not set an absolute deadline yet but recommend applying before the end of June to ensure there is enough time to complete all administrative procedures.
How do I apply?
Please submit an online application at http://www.reading.ac.uk/Study/apply/pg-applicationform.aspx . You will be prompted to upload your documents.
How long will the decision take?
We aim to give you a decision within 5-10 working days. It can be shorter or longer than this depending on the time of year. Offers need to be confirmed by Postgraduate Admissions; this takes a further 2-3 weeks after we give you the offer recommendation.
You have recommended that I am made an offer but I have not received my official offer yet. Why is this?
It usually takes 2-3 weeks for Postgraduate Admissions to confirm an offer and give you further details of your conditions etc. We ask you to be patient during this time. However, if it has been longer than 3 weeks, please email us at firstname.lastname@example.org and we will follow it up for you. Before you do this please check the email has not gone to your SPAM folder.
Why have I been rejected?
The most common reason that we cannot offer a place is that the admissions team do not feel that you meet our entry requirements. If you wish to question this, you are welcome to email email@example.com to request feedback. We also reject applications if they are not completed within a certain time frame (usually 1-2 months) – we will send you reminders before this point.
How many students do you take?
Our student numbers vary year to year but we tend to have around 250-350 Postgraduate students and 60-90 Undergraduates. We also co-teach for degrees offered by other departments.
Does the ICMA Centre have a code for the TOEFL/GMAT exam?
The TOEFL code for the University of Reading is 0769 and our GMAT reference is SH0-BR-04
Can I pay my Tuition fee in instalments?
We can offer two instalments – half to be paid before the start of the course and half before the start of part 2.
Careers in International Shipping and Finance
After completion of the programme you will be well equipped with the knowledge for a successful career in the shipping/ transportation industries, as well as in the wider finance sector.
On average more than 90% of our graduates are in work or further education 6 months after graduation.
Indicative career paths for our graduates are ship-owning and transportation companies, ship-broking/chartering firms, shipping divisions of investment banks, shipping analysis/consulting firms, ship-finance arrangers, port operators, and shipping-related investment funds, among others. The wide curriculum of the programme will also enable you to consider careers in the global investment banking and securities markets.
Some of our 2013-15 Graduates have taken up full-time opportunities at:
- Allied Chartering
- AllSeas Marine/Paragon Shipping (NYSE: PRGN)
- Aviation Industry Corporation of China
- Braemar AMC
- Clarksons Plc (LSE: CKN.L)
- Credit Agricole (ACA: EN Paris)
- Danske Bank (DANSKE: DC)
- Dynacom Tankers Management
- Diana Shipping (DSX: NYSE)
- Endofa DMCC
- Gulf Marine Services (GMS: Lon)
- Hav Chartering
- Lorentzen & Stemoco
- Maersk Broker
- Ministry of Maritime Affairs, Rep of Korea
- Navig8 Group
- Navios Maritime Holdings (NYSE: NM)
- Ocean Intelligence/Petromedia Group
- Sinograin Oils Corporation
- Shih Wei Navigation
- Top Ships Inc (NASAQ:TOPS)
- Wisdom Marine Group
Internship opportunities with leading companies in the shipping industry are available to outstanding MSc ISF graduates.
A number of companies have joined our work placement scheme and offer work experience placements to some of our excellent graduates (subject to successful interviews and work permits where applicable)
Additional placement and full time opportunities in the shipping industry are also made available to our students on an ad-hoc basis .
Career Advisory Partnership
Along with a full range of career advisory and professional development services available to our students from our dedicated Career Development Unit, students will also benefit from our partnership with Spinnaker Global, the leading shipping recruitment consultancy. As part of our collaboration Spinnaker provides career advice and support to our students and promotes their profiles internationally for internship and full time opportunities.
Professional Development and Accreditation
Institute of Chartered Shipbrokers (ICS) Professional Qualification
The programme is accredited by ICS and our students are eligible for 3 exam exemptions from the ICS qualification, which is the maximum number of exemptions offered by the institute. The 3 exemptions offered are for the ICS modules:
- Introduction to Shipping
- Economics of Sea Transport and International Trade
- Shipping Finance
Our successful graduates have to take only 4 out of the 7 ICS exams to qualify for the ICS membership.
ICMA Fixed Income Certificate
To obtain the requisite knowledge to pass the rigorous FIC exam, students are required to take the ICMA Centre Fixed Income Cash and Derivatives Markets module at Part 2. In order to receive the FIC certificate, students will need to register and pass the FIC exam through ICMA.