What is the Masters of Science in Global Financial Information Systems?
The Masters of Science in Global Financial Information Systems (MSc in GFIS) commenced in September 2012. The MSc in GFIS (Level 9) was developed in response to the current and future demand from the Financial Services (FS) industry, for hybrid finance-technology graduates with a specific focus on the application of ICT to Financial Services.
Developed in conjunction with a number of FS companies from Ireland and the UK, the objective of the MSc in GFIS is to enable high calibre graduates to rapidly develop quantitative, analytical, and ICT skills and experience, embedded in a comprehensive knowledge and understanding of Financial Services.
However, the depth, standard and transferability of the skill-set and knowledge acquired on the programme, also means that graduates are in demand from companies in other professional industries.
The programme is delivered over a 12-month period whereby the first 9 months are spent on-campus at WIT, and the final 3 months comprise of a Professional Internship.
The delivery method is innovative and challenging, consisting of lectures, ICT workshops and e-learning, group work, industry focused problem based learning, presentations, a seminar series with industry experts, and educational visits to the headquarters of Financial Services organisations. The programme also integrates the research activities of the WIT AIB Centre for Finance and Business Research.
The MSc in GFIS was shortlisted Postgraduate Course of the Year IT – 2016
Shortlisted as Best New Course of the Year at the Postgrad Ireland Awards - 2015
Runner-up and highly commended by the judges, in the Postgrad Ireland Best Business Course category - 2014
Shortlisted as the Best New Course at the Postgrad Ireland Awards - 2013
The programme is structured into 3 semesters consisting of the following modules and credits:
|Data Modelling and Analytics||Business Intelligence|
|Seminar Series||Global Transaction Banking|
|Econometrics||Global Financial IS Security|
|IS Project Management||Financial Risk & Regulatory|
|Financial Derivatives||Corporate Financial Interpretation|
|Research Methods||Qualitative Research Methods or Quantitative Research Methods|
*(See note one)
|Professional Internship *(see note 2)|
|Financial Information Systems Research Project *(see note 3 )|
*Note 1: Students can opt for an exit award of Postgraduate Diploma in Business (Global Financial Information Systems) at the end of Semester 2 having being awarded 60 Credits.
*Note 2: All students must complete all taught elements in Semester 1 and Semester 2 to the satisfaction of the Head of the School of Business, before being eligible for a Professional Internship.
*Note 3: Students who are unsuccessful in securing a Professional Internship will have to complete a Financial Information Systems (FIS) Project. The FIS Research project may run in Semester 1 of Year 2.
ICT and Communications Skills
The programme provides students with training on a wide range of software including:
SWIFT e-Learning Software: (1) SWIFT Introduction; (2) SWIFT and International Payment Systems; (3) SWIFT Guide to the Securities Market.
Oracle, MS Access, and SQL
ERwin Data Modeler
SAP BI and Business Warehousing
Advanced Excel Analysis
Thomson One Banker
Social media for business applications
Report writing skills
Module Assessment & Examination
The MSc in Global Financial Information Systems (GFIS) consists of skills-based and knowledge-based modules, and this is reflected in the programme assessment strategy. The modules scheduled for Semesters 1 and 2 have a well-balanced approach to the allocation of Continuous Assessment and end of year Final Examinations.
The MSc in GFIS is underpinned by WIT’s longstanding reputation for providing high quality, innovative, business and finance programmes at undergraduate and postgraduate levels. Thus, in the interests of continuous improvement of the programme, modules and assessment/examination schedules and allocations are subject to change.
All graduates of Business or Technology undergraduate degree programmes who have achieved an honours grade (2.2) or higher.
Graduates from other undergraduate degree programmes, including Science, Engineering, Health Sciences, Humanities, etc., who have achieved an honours grade (2.2) or higher, are also eligible to apply. In fact, undergraduates from Archaeology, Mathematics, Construction Studies, Social Studies, Engineering, Science, Business (General, Economics, Management, Accounting, Marketing, Finance, and HR) and Computing and ICT have all successfully completed the MSc in GFIS.
Applicants whose first language is not English must submit evidence of competency in English, please see WIT’s English Language Requirements for details.
However, this does not guarantee automatic entry to the programme. We receive a substantial number of applications every year, and on average, there are four applications for every position on the programme. Therefore, participants may be considered for interview and short listing. Prior work or industrial experience may be considered when short-listing applicants.
Programme fee details are available on the Postgraduate Fee Schedule displayed on our website at www.wit.ie/pgfees
How to Apply
Applications for this programme are made online by going to www.pac.ie
Submitting a Springboard Application
The MSc in GFIS is also offered under the Irish Government Springboard Programme for 2018/19. Springboard applicants must satisfy the Springboard Terms and Conditions outlined on the Springboard website (www.springboardcourses.ie). In addition, applicants must meet the above requirements with respect to undergraduate qualifications and English language qualifications.
Springboard applicants may also have to complete a Springboard form to be considered for Recognition of Prior Learning (RPL) in line with the Institute’s RPL policy. The programme will conform to the standard WIT Postgraduate recruitment policies with regard to accreditation of prior learning.
There is no cost for eligible Springboard applicants. Applications for the MSc in GFIS by Springboard applicants can only be made via www.springboardcourses.ie. You will first need to register on the website, and then continue to make your application for the programme under the WIT list of programmes.
Very Important Checklist for all Applicants (PAC & Springboard)
All applications must be accompanied by the following documentation:
1. An up-to-date CV.
2. Scanned copies of all of your official educational qualification parchments.
3. Scanned copies of all of your official educational transcripts clearing showing the results you achieved in each subject/module.
4. Scanned copies of any professional qualifications/awards you wish to be considered.
5. A scanned copy of your English language qualification. Applicants whose first language is not English must submit evidence of competency in English, please see WIT’s English Language Requirements https://www.wit.ie/about_wit/documents_and_policies/english_language_requirements
6. A scanned copy of your Certificate of Qualification from the NQAI if your prior education is from outside the EU. For further information, please visit http://www.qualificationsrecognition.ie/. Please note that applications will not be considered without this Certificate of Qualification, irrespective of any prior participation on other educational programmes in the EU.
7. Scanned copies of all of your employment references.
8. Applicants who do not currently meet the academic entry requirements may wish to consider using WIT's Recognition of Prior Learning (RPL) mechanism. The Springboard RPL form is available at www.wit.ie/schools/education/springboard_ictskills. Please complete the form electronically and submit by email along with all supporting documentation such as eduction and and training certificates etc.
Given the expected demand for this programme, the documentation filenames you submit should be descriptive (i.e. the filenames should clearly describe the document along with your name (e.g.) JohnDoe-EnglishLanguageQual; JohnDoe-DegreeParchment; JohnDoe-EmployerRef1; etc., etc.).
This documentation should be scanned and emailed to Mr. John Casey, MSc in GFIS Programme Director at [email protected] immediately after you have submitted your application via www.pac.ie or www.springboardcourses.ie depending on the nature of your application. If this documentation is not received in full, and/or if all sections of the application form are not completed in full, then we will be unable to process your application.
We welcome your application and we wish you every success in the process.
The goal of the MSc in GFIS is to ensure that graduates have the practical skills, knowledge, and experience required to immediately take-up employment positions in the Financial Services industry. The majority of graduates from the MSc in GFIS are employed in graduate roles such as Business Analyst; Data Analyst; Risk Analyst; FIS Analyst; Investment Banking; Operations Analyst; Business Operations Executive and in policy roles in companies in Ireland and overseas. Graduates of the programme may also apply for Post Graduate Level 10 studies, such as a PhD by Research, either nationally or internationally.
Past graduates of the MSc in GFIS are now employed with companies such as:
"GFIS has been brilliantly created as a modern hybrid course of IT and finance, providing the necessary tools and knowledge to upskill quickly and strive in the modern work environment. GFIS provides a hard working dedicated staff with a mix of up to date theory and application in both IT and finance. However; the skills learned on the course can be applied across a wide variety of business disciplines. The course is intensive and can be challenging at times but will provide you with an environment to hone your skills in data modelling, data analysis, financial analysis, project management, business intelligence and much more.
The modules on GFIS allow students to develop soft skills such as people skills, teamwork, time management, task optimisation, prioritisation, problem solving and thinking outside the box. The course simulates the modern working environment and I personally found a great deal of theories and practice I engaged with are being utilised in my current position."
Mr. Lee Rock - MSc in GFIS Graduate 2015-2016 - Graduate IT Engineer, Bausch & Lomb, Waterford, Ireland.
“The MSc in Global Financial Information Systems enables the participant to gain real applicable skills and successfully return to work in their desired area. I had previously worked in IT consultancy but had left the industry to pursue other options. I was keen to return to a Systems Analysis role but found the IT industry had moved on. I undertook the MSc GFIS to up skill in practical IT, financial and analytical skills which would position me for roles within the industry. The course content and delivery methods strike a great balance between those skill sets.
The progressive blended learning approach to content delivery enables the students to learn and utilise new social media technologies during the course. Another huge benefit of the course is the Internship. This offers the participant a practical route into employment. I have been very lucky in that I was successful in getting my preferred role as a Business Systems Analyst in DePuy Synthes Supply Chain Analytics. Having the chance to work in a renowned and progressive multinational is testament to the opportunity provided by the course. The skills I developed and enhanced on the course have enabled me to secure an additional role with the organisation after my internship concludes. I would highly recommend the MSc GFIS to any prospective candidate.”
Mr. Gerard Kelleher – MSc in GFIS Graduate 2012-2013 – Business Systems Analyst, Supply Chain Analytics, DePuy Synthes (J&J), Cork, Ireland.
“The MSc in Global Financial Information Systems has given me the skills and knowledge needed for success within a multinational financial services organisation. The range of modules incorporated in this course enabled me to gain a better understanding of the multiple facets of a global financial organisation, from risk management, financial interpretation and particularly in analysing financial information using statistical analysis software. In addition to the financial aspect to the course, there is a great emphasis on technological advancement in this area. During the course, we were exposed to how the area of "Big Data" is now the cutting edge of how organisations can gain competitive advantage.
Using tools such SAP we were enabled to discover on a practical level how organisations can analyse data and transform it into meaningful information for decision-making. The practical element of this course is particularly helpful. Through the internship incorporated into this course, I was able to secure full time employment in a multinational financial organisation. MSc in GFIS has created opportunities for me that would not have possible otherwise!”
Ms. Emer Curtis – MSc in GFIS Graduate 2012-2013 – Technology Analyst, Sunlife Financial, Waterford, Ireland.
“The MSc in GFIS offered students with both relevant and non-relevant backgrounds the opportunity to gain both an in-depth and broad insight into many areas of Business and Information Technology. The spectrum of learning was varied, interesting and highly relevant. There was a mix of practical skills that are in demand in many types of careers as well as a focus on theory and knowledge. The placement aspect of the course allowed me to apply many of the practical IT skills that I developed during my time on the course and practice what we had learned in a real life setting. I would highly recommend this course as it has given me the opportunity to get into an accounting career that would not have been possible without it”.
Ms. Eleanor Roche – MSc in GFIS Graduate 2012-2013 – Trainee Accountant, Ernst & Young, Waterford, Ireland.
The main reason I chose the MSc in Global Financial Information Systems (MSc in GFIS) is because the programme consists of a blend of ICT and finance skills which put us in the top tier when applying for jobs in financial services organisations as computer/software literate graduates. This is very important in the financial services industry as many of the fund administration companies aim to improve their automated processes and minimize manual processes. Thus, finance knowledge and a bit of coding skills (Excel Macro, VBA and SQL) is the ideal package.
Mr. WengJin Chow – M Sc in GFIS Graduate 2015-2016 - Analyst, Middle Office & Valuations, Mitsubishi UFJ Fund Services, Dublin
Professional Intership guide for Students
Professional Internship guide for Employers
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