- Start date: January
- Accreditation: Chartered Institute of Management Accountants (CIMA); CFA Institute University Recognition Program
- Study mode and duration: 12 months full-time
1st in the UK for Accounting & Finance (Complete University Guide 2022)
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 triple-accredited business school, Strathclyde is also the only institution to have won the Times Higher Education University of the Year award twice (2012/2019).
- develop an understanding of financial theory and analysis
- learn about financial markets and institutions
- gain invaluable practical experience of the factors that drive today’s financial markets at Amplify Trading Boot Camp
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.
Amplify Trading Boot Camp
You can gain invaluable practical experience of the factors that drive today’s financial markets as part of your Master course. Amplify, a global financial trading and training company, in collaboration with Strathclyde Business School, delivers a week-long Boot Camp. This provides you with the opportunity to experience a real-life trading simulation, covering multiple roles in the process.
Amplify is a leading provider of training programmes to the financial industry, and they offer our students the same analyst level practical training they deliver to their clients. Amplify’s clients include Bank of China, Goldman Sachs, HSBC and Bank of America.
Note: the provider of this boot camp may be subject to change.Finance simulation boot camp
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 will provide an introduction to financial decision-making, and much of the relevant analysis will be developed from the standpoint of corporate finance. It'll explain how a company should decide on the investments to be undertaken to meet its objectives, generally assumed to be the maximisation of its value. It will be demonstrated that this will require a rate of return on its investments in excess of the return available in the capital market on equally risky financial investments. As a result, it will be necessary to develop an understanding of the capital market risk-return relationship. This will require an appreciation of the nature of risk and how this can be managed by the development of portfolios.
Even though the focus of the class will be on corporate finance, it'll also require an appreciation of how the risk-return tradeoff is determined in the capital market.
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. The class will focus on the application of statistical techniques to examine empirical issues in finance, such as corporate finance and stock price analysis.
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:
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 passive and active fund management through the lens of the nature of variance, covariance, risk and return. The class introduces practical applications and an extension of basic theory.
Find out more in the class outline for Portfolio Theory & Management.
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
This project requires that you undertake a financial analysis of a company from the standpoint of a potential investor and provide an evaluation of the investment potential of the company’s shares. An assessment should be undertaken of the company’s financial position and performance on the basis of both its financial statements and stock market performance. The discussion should also bring out clearly the financial policies of the company and how these impact on the company’s performance.
This will require an evaluation of its capital expenditure programme, the form of financing adopted by the company, including an evaluation of its capital structure and its sources of equity and debt funding. You should differentiate between the use of internal sources of funding, in the form of retentions, and the new issues of equity, and also discuss the company’s dividend policy to the extent that this is not covered by the discussion of its retention policy. In some companies it may be difficult to identify a consistent policy perspective on some of these issues – this can be documented and its implications assessed. The project should also provide an assessment of the company’s recent stock market performance to put the current share price into context.
The returns achieved on the company’s shares should be evaluated using an appropriate benchmark as well as the standard market ratios – the earnings yield, dividend yield, etc. The final objective of the project is an assessment of the value of the company and the investment value of its shares. Even the most experienced and capable security analysts find this a very difficult task, even though they may be monitoring a company’s performance and prospects on a continuing basis. You are simply expected to build on the financial information and analysis you have undertaken to produce some tentative assessments of value. As the focus is on the use of financial information you are expected, firstly, to undertake a “fundamental analysis” of the company. Secondly, you are expected to use the various valuation models to provide insights into the determination of the company’s market value.
This Finance Masters 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.
Through our academic partnership with the Global Association of Risk Professionals (GARP), the world's leading professional association for risk practitioners, Strathclyde Business School will be able to nominate up to six students per year for a Financial Risk Manager Part I Exam scholarship.
The University of Strathclyde is the place of useful learning. The classes and course content are tailored to be industry-specific to students.
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 classes will be taught during semesters 1 and 2 with optional classes being offered in semester 2. Classes will be taught through a combination of lectures and workshops. Research projects are undertaken during the autumn months. During your studies, you'll interact with the Bloomberg Trading Simulation Laboratory in the Business School. In addition, you'll interact with two trading simulations: Volcube, a Derivatives Trading Simulation from a market maker’s perspective, and EquitySim, an online trading simulation with real-time data.
Class assessments will take the form of a class test and/or assignment for most classes. Each class will be examined at the end of the semester they are offered.
Minimum second-class Honours degree, or overseas equivalent - see our international student pages for further information - in accounting, economics, business studies or a subject area with a strong quantitative component.
The programme requires no prior knowledge of finance.
|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.
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.
|England, Wales & Northern Ireland|
Textbooks do vary in price from around £40 to £100. The majority are provided free in the library or via the Virtual Learning Environment platform. For budgeting purposes, we recommend allowing £200 per academic year for books.
International students may have associated visa and immigration costs. Please see student visa guidance for more information.
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 postgraduate students
Scottish 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 right in the very heart of Glasgow. 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.Life in Glasgow
Our Masters in Finance 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)
Group work of the Portfolio Theory Management Course gave me an opportunity to collaborate with classmates from various countries, learn to look at things from different perspectives, and complete projects which are similar to real life.
Have you considered?
We've a range of postgraduate taught and Masters courses similar to this one which may also be of interest.