- Start date: September
- Accreditation: Chartered Institute of Management Accountants (CIMA); CFA Institute University Recognition Program
- Study mode and duration: 12 months full-time; 24 months part-time
2nd in the UK for Accounting & Finance (Complete University Guide 2020)
Study with us
Studying an MSc in Finance at Strathclyde Business School, you'll be learning at a pioneering internationally-renowned academic organisation that shapes and develops the business minds of tomorrow.
A 5-star QS-rated institution, we were awarded Times Higher Education UK Business School of the Year 2016 and also recognised as Scottish University of the Year 2020 by The Sunday Times Good University Guide.
- develop an understanding of financial theory and analysis
- learn about financial markets and institutions
- the MSc is ranked 55th in the world for Masters in Finance (Financial Times, 2018)
Why this course?
If you're already working in the finance industry, our MSc Finance 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.
The programme will provide you with:
- a broad understanding of financial theory and analysis
- equip you with an awareness and understanding of financial markets and institutions in the context of the global economy a working knowledge of accounting information and its use in financial decision-making and analysis
- a working knowledge of current issues in corporate finance
- an appreciation of the general role of quantitative methods in finance
- the ability to apply the analysis developed in the course
Having worked for both private and public organisations back home in Thailand, Masters of Finance student Ning chose Strathclyde to further her knowledge in both accounting and finance to progress in her career.
What you'll study
The curriculum provides you with a good balance between accounting and finance theory and practical skills and knowledge. Semester 1 is designed to give you the fundamental understanding of finance and quantitative methods within the context of corporate finance. Semester 2 will extend your core skills, expand your knowledge of corporate finance, deepen your understanding of corporate risk management, and enhance your understanding of specialist areas of finance through your choice of optional classes.
Supported by an academic supervisor, you'll work on a series of research projects. Topics can be chosen from the broad range of issues covered on the programme. You'll be assessed on your ability to select and apply relevant theory and research methods. This work may be linked to an issue raised by, or a problem to be solved for, an employer.
Our MSc Finance programme is accredited by the Chartered Institute of Management Accountants (CIMA). Exemptions will be awarded from CIMA’s professional examinations, according to the route taken through the MSc.
Our MSc degree has also been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree program(s) incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams.
Accounting & Financial Analysis
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 class outline of Accounting & Financial Analysis.
International Financial Markets & Banking
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 course outline for International Financial Markets & Banking.
Principles of Finance
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, and 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 they take place, it will also consider the principles underlying financial reasoning that can be applied on a more general basis.
Find out more in the class outline for Principles of Finance.
Quantitative Methods for Finance
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 class outline for Quantitative Methods for Finance.
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 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 class outline for Derivatives & Treasury Management.
Choose two from the following:
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 rapidly 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 class outline for Behavioural Finance.
Empirical Methods in 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 class outline for Empirical Methods in Finance.
The course aims to give you a foundation in the theory and practice of management accounting. It emphasises the role of the management accountant in helping the owners and managers of a business to make decisions.
Different accounting information is required for different purposes: conventional cost accounting emphasises product costs for the allocation of costs between the cost of goods sold and inventories; decision-relevant costs provide information to help managers make resource allocation decisions; and responsibility accounting, cost control and performance measurement focus on both financial and non-financial information.
This course provides an introduction to the theory and practice of management accounting. It covers management accounting principles and their relevance to the business environment. It further involves a detailed exploration of the uses of management accounting information in the financial decision making process.
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 class outline for Portfolio Theory & Management.
Fixed Income Analysis
This class aims to develop students ability to deal with problems that require forecasting outcomes in the context of incomplete information and to explain the rationale for proposed decisions.
Find out more in the class outline for Fixed Income Analysis class outline.
The class will provide coverage of a topic that is generally perceived to be critical for a good understanding of finance. The valuation of equities plays a critical role in the allocation of resources through the financial markets. Many students taking the M.Sc. programmes at Strathclyde will develop their careers in security analysis that will involve the assessment of the value and prospects of various equity investments. This class will provide reasonable comprehensive coverage of the relevant analysis in this area.
Find out more in the class outline for Equity Analysis class outline.
Financial Modelling with Excel
The aim of this class is to develop the ability to capitalise on the potential use of Excel for financial analysis and financial modelling. The class will develop the ability of students to structure (non-financial) business problems and make use of quantitative analysis in the resolution of such problems. It is also expected to develop the students' general understanding of the potential use of programming techniques in developing business models and plans.
Find out more in the class outline for Financial Modelling with Excel.
Prior to the start of the work on the projects classes are provided on research methodology for each project. These compulsory classes will provide the basis for the project work, the nature of research work in finance or accounting and the writing and structuring of research reports. The classes will not be assessed but attendance is compulsory.
Empirical Research Projects
For this project, you will be supplied with data relating to some issue in finance or accounting, and a preliminary list of hypothesis or questions to be addressed. You will be expected to expand the range of hypotheses to be considered and ways in which the hypothesis can be tested. Whilst all members of the class will consider the same issue the data sets will differ from one person to another.
By providing the data, and a broadly defined research agenda, the research project allow considerably more time to be spent on the analysis of the data and interpretation of results than is feasible in the context of a more conventional dissertation. While the challenge of identifying a research topic and the development of an appropriate data set are to a large extent eliminated it does allow the analytical work to be developed in more depth. The introductory class will review briefly the analysis and techniques that will be relevant for the research work to be undertaken.
Financial Analysis of a Company
For this project you will be supplied with data relating to some issue in finance or accounting, and a preliminary list of hypothesis or questions to be addressed. You will be expected to expand the range of hypotheses to be considered and ways in which the hypothesis can be tested.
Whilst all members of the class will consider the same issue the data sets will differ from one person to another. By providing the data, and a broadly defined research agenda, the research project allow considerably more time to be spent on the analysis of the data and interpretation of results than is feasible in the context of a more conventional dissertation. While the challenge of identifying a research topic and the development of an appropriate data set are to a large extent eliminated it does allow the analytical work to be developed in more depth. The introductory class will review briefly the analysis and techniques that will be relevant for the research work to be undertaken.
Case study/ Literature Review
This project provides you with the opportunity to choose a topic to study in some depth. It can take the form of
- a review of the literature on some topic in finance (e.g. Some recent developments in the financial markets)
- a case study (e.g. the sub-prime crisis)
- a consideration of some area of controversy (e.g. the regulation of financial institutions)
In completing the third project you are expected to demonstrate an understanding of the concepts and analysis developed on the course, a comprehensive knowledge of the relevant literature on the chosen topic, and an ability to discuss issues in some area of finance or accounting on an informed basis.
Strathclyde Business School
Strathclyde Business School was founded in 1948 and is a pioneering, internationally renowned academic organisation with a reputation for research excellence.
One of four faculties forming the University of Strathclyde, SBS is a triple-accredited business school (AACSB, EQUIS and AMBA) and was the first business school in Scotland to achieve this accolade in 2004. The Business School is home to seven subject departments and a number of specialist centres, all of which collaborate to provide a dynamic, fully-rounded and varied programme of specialist and cross-disciplinary courses.
Strathclyde Business Network
As a postgraduate student at Strathclyde Business School, you may choose to join the Strathclyde Business Network, a student-led initiative that facilitates interaction with business and industry leaders.
The Network aims to foster knowledge sharing, facilitate discussion and enable networking opportunities with the very best business professional in industry. Every year the Network organises Glasgow Business Summit, which is the first-ever student-led business conference in Scotland and brings together students with leading businesses from across the UK.
Triple-accredited business school
Learning & teaching
Core and elective classes will be taught across two semesters running from September to December and January to March. Classes will be taught through a combination of lectures, workshops, tutorials and labs involving individual and group coursework. Dissertation and research projects are undertaken during the summer months.
Every class will either have a class test or assignment during semesters 1 and 2. Exams will take place at the end of each semester in December and April/May.
Minimum second class Honours degree, or overseas equivalent - see our country pages for further information - in accounting, economics, business studies or a subject with a strong quantitative component. No prior knowledge of finance is required.
|English language requirements|
Students whose first language is not English must have a minimum of 6.5 IELTS score, with no individual score lower than 5.5. Get more information about the English language requirements for studying at Strathclyde.
Pre-Masters preparation course
The Pre-Masters Programme is a preparation course held at the University of Strathclyde International Study Centre, for international students (non EU/UK) who do not meet the academic entry requirements for a Masters degree at University of Strathclyde. The Pre-Masters programme provides progression to a number of degree options.
Upon successful completion, you will be able to progress to this degree course at the University of Strathclyde.
We've a thriving international community with students coming here to study from over 100 countries across the world. Find out all you need to know about studying in Glasgow at Strathclyde and hear from students about their experiences.Visit our international students' section
Fees & funding
All fees quoted are for full-time courses and per academic year unless stated otherwise.
|Rest of UK|
Textbooks vary in price from around £40 to £100. The majority are provided free in the library or through MyPlace, our Virtual Learning Environment. We recommend that you allow £200 per academic year for books.
Students may be required to make hardcopy submissions for some assignments and will cover the cost of printing. Students are required to print and soft bind their project submission. An average cost would be in the region of £10.
Please note: the fees shown are annual and may be subject to an increase each year. Find out more about fees.
How can I fund my course?
Scottish and non-UK EU postgraduate students
Scottish and non-UK EU postgraduate students may be able to 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 support and how to apply.
Students coming from England
Students ordinarily resident in England may be to apply for postgraduate support from Student Finance England. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.
Students coming from Wales
Students ordinarily resident in Wales may be to apply for postgraduate support from Student Finance Wales. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.
Students coming from Northern Ireland
Postgraduate students who are ordinarily resident in Northern Ireland may be able to apply for support from Student Finance Northern Ireland. The support is a tuition fee loan of up to £5,500. Find out more about the support and how to apply.
We've a large range of scholarships available to help you fund your studies. Check our scholarship search for more help with fees and funding.
Glasgow is Scotland's biggest & most cosmopolitan city
Our campus is based in the very heart of Glasgow, Scotland's largest city. National Geographic named Glasgow as one of its 'Best of the World' destinations, while Rough Guide readers have voted Glasgow the world’s friendliest city! And Time Out named Glasgow in the top ten best cities in the world - we couldn't agree more!
We're in the city centre, next to the Merchant City, both of which are great locations for sightseeing, shopping and socialising alongside your studies.
Find out what some of our students think about studying in Glasgow!Find out all about life in Glasgow
Our Finance Masters 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-making in the public sector
Recent graduates have been employed by the following companies:
- CRDB Bank Tanzania
- Bank of America Merrill Lynch
- Hauck & Aufhäuser Privatbankiers (Germany)
- Munich Re (Group)
- Convex S.A. Design (Greece)
There’s no need to make an application for all taught postgraduate courses offered within the Department of Accounting & Finance. It’s possible to transfer between programmes after starting your studies, so you should choose only one course for application purposes.
Start Date: Sep 2020
Mode of Delivery: full-time
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