Portfolio Management

The details
Essex Business School
Colchester Campus
Postgraduate: Level 7
Thursday 03 October 2024
Friday 13 December 2024
26 June 2023


Requisites for this module



Key module for

MSC N42012 Accounting and Finance,
MRESN30012 Finance,
MSC N30012 Finance,
MSC N30024 Finance,
MSC N39012 Investment and Wealth Management,
MSC N39024 Investment and Wealth Management,
MSC N3G312 Finance and Data Analytics,
MSC N35112 Finance and Global Trading,
MPHDN30048 Finance,
MPHDN30084 Finance,
PHD N30048 Finance,
PHD N30084 Finance,
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad)

Module description

This module is specifically designed for students with an interest in becoming portfolio managers.

It covers the main concepts such as valuation, efficient diversification, managing risk exposures, portfolio management styles and performance measurement that are at the core of managing investment portfolios and pays special attention to the practicalities of implementation. The module content will therefore contain a balance between theoretical models and their practical applications.

Module aims

The aim of this module is:

  • To immerse the student in the process of portfolio management. 

Module learning outcomes

By the end of this module, students will be expected to be able to:

  1. Value equity investments using a set of alternative methods.

  2. Perform basic bond valuation.

  3. Acquire a critical understanding of the centrality of efficient diversification in portfolio management.

  4. Understand equity and bond portfolio management strategies and styles.

  5. Manage portfolio risk.

  6. Perform basic macroeconomic analysis.

Skills for your professional life (Transferable Skills)

The module is geared towards building up or enhancing the following transferable skills:

  1. Fluency in Excel in general, Excel's Solver function in particular, within the context of portfolio optimisation.

  2. Ability to use the Bloomberg Professional terminal to retrieve corporate data and perform analytics.

  3. Being able to write a valuation report on a stock using discounted free cash flows.

  4. Ability to prepare a professional report on portfolio management research undertaken within a group environment.

  5. Being able to interpret financial data and problems in light of established theories.

  6. Develop rigorous theoretical arguments based on mathematical and analytical reasoning.

Module information

No additional information available.

Learning and teaching methods

This module will be delivered via:

  • One 2-hour lecture per week.
  • One 1-hour computer lab or class per week.

Students are expected to do the relevant reading and preparation before the lecture. It is strongly recommended that you also do additional reading to supplement the lecture material.


  • Reilly, Frank K.; Brown, Keith C. (2015) Analysis of investments and management of portfolios, Andover: Cengage Learning.
  • Reilly, Frank K; Brown, Keith C; Reilly, Frank K. (c2012) Analysis of investments and management of portfolios, Australia: South-Western.

The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Coursework weighting
Exam  Main exam: In-Person, Open Book, 120 minutes during Early Exams 
Exam  Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period) 

Exam format definitions

  • Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
  • In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
  • In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
  • In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary, for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.

Your department will provide further guidance before your exams.

Overall assessment

Coursework Exam
30% 70%


Coursework Exam
30% 70%
Module supervisor and teaching staff
Dr Efthimios Nikolakopoulos, email:
Dr Efthymios Nikolakopoulos & Dr Cheng Yan



External examiner

Dr Aris Kartsaklas
Brunel University London
Senior Lecturer
Available via Moodle
Of 39 hours, 30 (76.9%) hours available to students:
9 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information
Essex Business School

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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