Why this course?
This course is being offered in Oman on a distance learning basis in collaboration with the College of Banking and Financial Studies.
It's suitable for those intending to develop their careers in finance:
- corporate finance
- security analysis
- portfolio management
- future and other derivatives
- treasury management
- management of financial institutions and markets
- financial decision making
If you’re already working in finance, the course will enhance your effectiveness in your current role. We’ll explore the latest developments in the field and encourage you to question traditional rules and techniques and take an analytical approach to practical problems.
This course covers the same syllabus as the MSc Finance taught at Strathclyde and you'll take the same examinations as those on the full-time course.
The College of Banking and Financial Studies will provide local administration, hold counselling sessions, arrange teaching sessions all undertaken by Strathclyde staff, as well as the examinations.
The programme will provide you with:
- a good understanding of financial theory and analysis
- an appreciation of the nature and functioning of financial markets and institutions
- a good working knowledge of accounting information and its use in financial decision-making and analysis
- the ability to apply the analysis developed in the course
The curriculum provides you with a good balance between accounting and finance theory and practical skills and knowledge.
You'll study core classes, which include Principles of Finance and Accounting & Financial Analysis. You'll also choose elective classes from topics including Security Analysis and Management Accounting.
Principles of Finance
Accounting & Financial Analysis
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.
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.
Quantitative Methods for Finance
International Financial Markets & Banking
This class aims to provide an introduction to statistical techniques that are commonly used in finance, a basic understanding of econometric analysis, and an appreciation of the general role of quantitative methods in finance. It also aims to develop your practical computational skills by offering an opportunity to solve problems using statistical software. The class will focus on the application of statistical techniques in empirical analysis in finance.
Find out more in the 2015/16 class outline for Quantitative Methods for Finance.
The aim of the class is to provide you with an understanding of the financial system and the roles and functions of financial markets and institutions. A particular emphasis is placed on understanding the roles of intermediaries such as banks and investment firms.
You'll develop an understanding of the various characteristics and roles of fixed income, equity, and foreign exchange markets. While some attention will be given to the UK financial markets, the global nature of financial markets will be widely discussed. This class aims to equip you with an awareness and understanding of financial markets and institutions in the context of the global economy. Particular emphasis will be placed on the role and contribution of the banking sector.
This class covers the reasons for, and nature of, of financial markets and institutions with a particular focus on banking, the global nature of these markets and their regulation.
Find out more in the 2015/16 course outline for International Financial Markets & Banking.
Advanced Corporate Finance & Applications
The aim of this class is to discuss the different ways in which firms can raise funds, internally and externally, and the role of capital markets in determining the terms on which funding will be available. The costs and risks of difference sources of financing and the role of taxation will also be covered.
It will also provide you with a working knowledge of the leasing decision of a firm, of corporate financial planning, the management of working capital, the rationale for mergers and acquisitions, the implications of corporate governance, and issues related to corporate financial restructuring.
The class will cover the capital structure of companies, and their ability to raise finance through initial and seasoned equity capital issues. It will also examine mergers and acquisitions as major investments undertaken by companies, the firm’s working capital policy, and their payout policy in the form of dividends and stock market buybacks. It will be conducted through a series of lectures and tutorials.
Find out more in the 2015/16 class outline for Advanced Corporate Finance & Applications.
Derivatives & Treasury Management
The aim of this class are to provide a strong grounding in derivatives that may be used to manage the financial risks faced by individuals, financial institutions and business corporations. It places an emphasis on corporate treasury management and the role of derivatives in managing treasury risk.
Find out more in the 2015/16 class outline for Derivatives & Treasury Management.
Choose one from the following:
Portfolio Theory & Management
The aim of this class is to examine the Markowitz (1952) approach to optimal portfolio selection. The class explores issues relating to optimal portfolio choice and issues in practical fund management.
Find out more in the 2015/16 class outline for Portfolio Theory & Management.
Empirical Methods in Finance
The aim of the class is to provide you with an understanding of the main ideas of behavioural finance. A particular emphasis is placed on understanding the roles of non-rational actions and the development of new financial models that incorporate these ideas.
You'll engage with up to date research and develop a critical view of existing and new finance theories and models. It aims to introduce you to the rapid evolving area of behavioural finance. You'll develop an understanding of behavioural finance and an appreciation of its possible implications and applications.
This class introduces you to behavioural finance and provides you with an understanding of the main flaws of “traditional” finance theory from a behavioural finance viewpoint. It will allow you to develop the ability to discuss issues arising from violations of the rationality assumption and will enable you to evaluate new theoretical models based on research in psychology.
The course will allow you to appreciate the role of new developments in finance and their possible implications for established views of the functioning of financial markets.
Find out more in the 2015/16 class outline for Behavioural Finance.
This class aims to build on the knowledge, understanding, and skills acquired in the Quantitative Methods in Finance class and extends it further, especially in the context of time series and panel data analysis. It focuses on applications in finance of econometric techniques and is extended to incorporate panel data analysis methods with their application in finance.
Find out more in the 2015/16 class outline for Empirical Methods in Finance.
The aims of this class are to develop an appreciation of the investment characteristics of different types of securities, particularly bonds and shares, and to develop an understanding of how such securities are valued. This class will build on the analysis developed in the first semester class, Principles of Finance. It will consider the determination of interest rates, the valuation of bonds, the management of bond portfolios, and the valuation of equities.
Find out more in the 2015/16 class outline for Security Analysis.
Empirical Research Projects
This involves the preparation of three research projects. Two of these projects will provide experience of undertaking empirical work in Finance. The choice of the topic for the third topic is left to each individual, though the topic must be approved by the Course Director.
Find out more in the 2015/16 class outline of Research Projects.
Assessment Assessment will be by examination, the same as those taken by the students on the full-time course at University of Strathclyde.
Fees & funding
How much will my course cost?
All fees quoted are for full-time courses and per academic year unless stated otherwise.
The fees shown are annual and may be subject to an increase each year. Find out more about fees.
This course is suitable for those intending to develop their careers in finance, broadly defined as:
- corporate finance
- security analysis
- portfolio management
- options and futures
- treasury management
- the functioning of financial institutions and markets
- financial decision-taking in the public sector