Why this course?
If you're looking to work in an entrepreneurial ecosystem, this is the course for you. The ability to navigate finance and investment is a recognised weakness in up-and-coming entrepreneurs and small businesses. Specialists in this area are becoming more and more sought after. When you graduate with your MSc in Entrepreneurial Finance, you'll be qualified to:
- provide specialised finance help to startups
- work as a finance expert for a startup or small business
What you'll study
Finance & Accounting
You'll develop an advanced understanding of cutting-edge accounting and finance practices by taking classes from our internationally renowned Department of Accounting & Finance.
You'll attend specialist entrepreneurial finance classes at the Hunter Centre for Entrepreneurship. On top of this, you'll also take a range of core, non-finance entrepreneurship classes. Both areas will focus on your entrepreneurial skills and on developing your capabilities. This will give you a valuable, well rounded and deep understanding of entrepreneurial organisations.
We also run a three month virtual incubation project in collaboration with the University of Waterloo, Canada. This is your opportunity to apply what you're learning.
Accounting & Financial Analysis
Principles of Finance
The aim of this class is to provide you with an understanding of the basic principles of financial accounting and financial analysis, the ability to interpret financial statements and their use in assessing the financial position and performance of companies.
This class provides an introduction to the principles of accounting and the analysis of financial statements. It will enable you to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and to interpret and analyse these statements. Particular emphasis is placed on the accounting concepts and information employed in financial analysis and decision taking.
You'll develop the ability to prepare and interpret financial statements and construct cash forecasts. In addition, you'll develop an understanding of the demand and supply for accounting information; an appreciation of the role of financial analysis and analysts; and an awareness of the statistical characteristics of accounting numbers.
Find out more in the 2015/16 class outline of Accounting & Financial Analysis.
Creativity & Opportunity Development
This class provides an introduction to the basic principles of financial decision taking and the theory of finance. It will develop the basic principles of valuation, the nature of risk and uncertainty, the relationship between risk and returns. While the analysis will be developed in the context of corporate finance, looking at companies’ decisions on the investments in assets and how these investments will be funded and the nature of the markets in which it will also consider the principles underlying financial reasoning that can be applied on a more general basis.
Find out more in the 2015/16 class outline for Principles of Finance.
This class introduces participants to the fundamentals of creativity and opportunity recognition. Through a blend of hands on creativity exercises, ideation tools and techniques through to models of opportunity evaluation, students will develop foundational entrepreneurship skills.
Issues and Trends in Entrepreneurship, Innovation & Technology
New Venture Creation
The class provides a firm foundation in scholarly, practitioner and policy perspectives for "mega-trends" in entrepreneurship, innovation and technology. Students will learn about cutting-edge developments such as fin-tech, the sharing economy and social innovation, while also learning how entrepreneurial ecosystems function.
Entrepreneurial Leadership & Resource Management
In New Venture Creation, students will learn to develop and validate winning business models. Students will cover a broad range of topics that critically examine various approaches to establishing and operating a venture, supported by frequent guest lectures from successful entrepreneurs.
A key objective of the MSc Entrepreneurship, Innovation & Technology is to equip existing and potential entrepreneurs with skills and competencies that will enable them to successfully exploit global entrepreneurial opportunities. Entrepreneurial leadership and entrepreneurial resource management skills form an integral part of the requisite skills set.
The class will expand students' understanding of the differences and complementarities between successful leadership and the effective management of entrepreneurial capital and resources in various entrepreneurial contexts. Significant emphasis will be on the development of practical skills applicable in diverse contexts. The class will complement other modules offered within the MSc dealing with specific elements of entrepreneurship (eg creativity & opportunity recognition, new venture creation, and accounting & financial analysis) by addressing how leadership and general entrepreneurial resource management sets the strategic agenda for these elements.
Advanced Entrepreneurial Finance
Selling is recognised as one of the key skills gaps within entrepreneurial ventures. This class examines the entrepreneurial selling process from start to finish - from identifying customers, building a sales funnel and implenenting cutting-edge methods such as ‘growth-hacking.’
Building on the core finance classes, this class develops a more sophisticated set of entrepreneurial finance capabilities. The class examines financial modelling, sources of finance and other skills relevant to those hoping to establish or work for an entrepreneurial firm.
Virtual Incubator Project
The Virtual Incubator Project serves as the capstone of this course. In this self-directed class, students will apply the tools and techniques developed throughout the degree programme to work on a real-world innovation challenge. Using an innovative virtual platform, Jamii, participants will collaborate with the world-leading Canadian technology cluster ecosystem and will go through a stage-gate model of developing and pitching their solution to potential investors. A portfolio of submitted work will form the assessment for this module.
In order to help you develop new skills and/or extend your knowledge in areas that you see as relevant to your personal learning objectives, we ask that you undertake two elective classes. These classes are chosen from a wide portfolio of elective subjects, which are revised annually to reflect the latest business thinking.
In the past, classes have included:
- Brand Management & Strategy
- Foundations of Risk
- New Venture Creation
- Programme & Project Management
- Games of Strategy
- Strategic Financial Management
- Management of International Relationships
- Change Agency
- Developing Skills for Effective Management Consulting
- Social Media: Strategy & Management
- Managing in Europe (Taught at Toulouse Business School, France)
A full list of the electives available in the 2016/2017 academic year will be announced during Semester 2.
Learning & teaching
The course is delivered through a blend of lectures, workshops, lab sessions and practical activities.
Upper second-class Honours degree, or overseas equivalent, in economics, finance, business studies, management science or any other quantitative subject.
Applications are also welcomed from candidates with strong career experience in a relevant field.
Fees & funding
How much will my course cost?
All fees quoted are for full-time courses and per academic year unless stated otherwise.
Rest of UK
How can I fund my course?
Check our Scholarship Search for more help with fees and funding.
Scottish and non-UK EU postgraduate students
For a number of eligible courses, Scottish and non-UK EU postgraduate students can apply for support from the Student Awards Agency Scotland (SAAS). The support is in the form of a tuition fee loan and for eligible students a living cost loan. Find out more about the scheme and what courses are eligible.
Students ordinarily resident in England may be eligible to apply for a loan of up to £10,000 to cover their tuition fees and living costs.
The fees shown are annual and may be subject to an increase each year. Find out more about fees.
Upon graduating with this degree, you'll be qualified to:
- establish a startup
- work in an entrepreneurial ecosystem support role (eg public agency)
- take over a family business
- work for a high-growth SME
- work for a leading consultancy