IC206-Financial Modelling/CMS

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn term module
Pre-requisites: IC102 Introductory Finance/Trading Simulation I
Non-modular pre-requisites:
Modules excluded:
Current from: 2019/0

Module Convenor: Dr Gita Persand

Email: g.persand@icmacentre.ac.uk

Type of module:

Summary module description:

This module is delivered at University of Reading and University of Reading Malaysia



Financial Modelling: Many careers in banking and finance now require candidates to possess a strong grounding in Excel. This course provides students with an opportunity to apply their theoretical knowledge to practice while using Excel to solve specific problems related to assets pricing, derivatives pricing and portfolio management. 


Career Management Skills (distributed component):  During this module, students will  

  • Develop self-awareness in the context of career decision making 

  • Learn about potential career paths they can pursue in financial services 

  • Practice research, networking and informational interviewing 

  • Build on previous group work experience 

  • Reflect upon their learning and determine next steps for their development 

Assessable learning outcomes:

By the end of the module, students are expected to have developed: 

  • A good knowledge of the functions of Microsoft Excel. 

  • An ability to solve practical problems in a variety of areas in finance (as listed in the outline content below) using this software. 

Careers-related assessable learning outcomes:  

  • Self-awareness - ability to assess and articulate skills, interests, values and personality traits in the context of career decision making 

  • Understanding of potential career paths – ability to conduct research into companies and job roles, develop a professional network and conduct informational interviews 

  • Group work and presentation skills – ability to work well as a group to complete a project and deliver an effective presentation 

Additional outcomes:

Through the CMS component, students will  develop their commercial awareness and come to understand broad trends in the financial services labour market and what contributes to an effective job application. 

Outline content:

1. Some significant excel functions for finance: Statistical analysis and time series regression 

2. Financial arithmetic and the time value of money 

3. Equities 

4. Bonds 

5. Portfolio Management 

6. Capital Asset Pricing Model 

7. Options pricing 

8. Project – Portfolio Optimisation/Bond Immunisations 


The content of the CMS component: Four interactive workshops designed to develop students’ team working, organisation, negotiation and presentation skills. The content covered will also introduce the students to the financial services industry and potential graduate career pathways. 

  1. Introduction to CMS  

  1. Financial services industry structure and recruitment pathways 

  1. Research, networking, informational interviewing 

  1. Project management and assignment briefing 


Brief description of teaching and learning methods:

Aside from the CMS component, this is a hands-on course which is exclusively computer-based. Students will be expected to read the relevant chapters in the textbook before attending the classes. The CMS component is based on interactive workshops where students will participate in experiential learning, followed by some input from the facilitator and be signposted to further resources should they wish to continue to develop their knowledge in these areas. 

Contact hours:
  Autumn Spring Summer
Lectures 26
Seminars 7
Practicals classes and workshops 8
Guided independent study:      
    Wider reading (directed) 10
    Advance preparation for classes 10
    Preparation for presentations 20
    Preparation of practical report 20
    Revision and preparation 30
    Group study tasks 30
    Dissertation writing 39
Total hours by term 200 0 0
Total hours for module 200

Summative Assessment Methods:
Method Percentage
Written assignment including essay 5
Project output other than dissertation 55
Class test administered by School 40

Summative assessment- Examinations:

No final examination for this module.

Summative assessment- Coursework and in-class tests:

One 2.5 hour in-class test in Week 1 of the Spring Term 

One project to be submitted at the end of January 

Career Management Skills:  

Group video presentation and report where students review a potential career path (counts 5% of the final mark) 

 750 word essay on their personal view of the career path and their suitability (or otherwise) for the job (counts 5%  of the final mark). 

Formative assessment methods:

Career Management Skill: Self and peer evaluation of performance as part of the team. 

Penalties for late submission:
The Module Convener will apply the following penalties for work submitted late:

  • where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day[1] (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Assessment requirements for a pass:

    A minimum overall mark of 40%

    Reassessment arrangements:

    Re-submission of the main project. 

    Additional Costs (specified where applicable):

    1) Required text books: Principles of Finance with Excel by Simon Benninga and Tal Mofkadi, 2018, 3rd Edition, Oxford University Press. ISBN:9780190296384 £55 2) Specialist equipment or materials: 3) Specialist clothing, footwear or headgear: 4) Printing and binding: 5) Computers and devices with a particular specification: 6) Travel, accommodation and subsistence:

    Last updated: 8 April 2019


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