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MScFinance & Management

Why this course?

Differentiating yourself in a crowded graduate job market is crucial no matter which country you choose to work in. A postgraduate business qualification which has fully transferable skills across different organisations, as well as across international borders, is critical to that differentiation.

If you're looking to develop your knowledge of finance and management simultaneously before embarking on your first professional business role, then the MSc Finance & Management is the course for you. Or, if you're a graduate with some business experience, this qualification will provide the opportunity for you to further progress your career in a finance and/or management related role.

Building on the excellent reputation we've achieved for both financial and general management programmes, our department of Accounting & Finance and department of Strategy & Organisation have worked together to develop this course. It's a one year, full-time masters degree designed to give you a competitive edge no matter where your future business career takes you. 

It offers ambitious graduates a thorough grounding in both financial and management principles. This in-depth understanding of both subject areas will be applicable to roles in any organisation, where a good knowledge of finance and management is required.

Study abroad

There are a number of elective classes you'll have to choose from. If you're interested in studying abroad, the ‘Managing in Europe’ class gives you the opportunity to do this with classes taught at Toulouse Business School in France.

Major projects

During the summer you'll do two research projects in finance and management. There may be some opportunities to work with companies too.

Course awards

Our MSc Finance is currently ranked one of the best MSc finance programmes in the world by Financial Times. This course covers part of the MSc Finance. 

Facilities

Strathclyde’s award-winning Business School is one of the largest institutions of its kind in Europe. We have around 200 academic staff and more than 3,000 full-time students.

The departments and specialist units work together to provide a dynamic, fully-rounded and varied programme of specialist and cross-disciplinary postgraduate courses.

Guest lectures

Industry professionals are invited on regular basis to deliver guest lecturers in both finance and management areas.

Course content

Compulsory classes

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, 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.

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 2015/16 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 2015/16 course outline for International Financial Markets & Banking.

Professional Management Practice

This class develops your awareness and capabilities as a manager using a Personal Development Plan (PDP) process to help you critically evaluate the skills and attributes needed to be effective. Over the course of the year, workshops and exercises will help you identify and move towards fulfilling your potential.

Elective classes

Finance classes

Choose at least one:

Topics in Corporate Finance

In this class, you'll discuss the different ways in which firm's 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.

Find out more in the 2015/16 class outline for Topics in Corporate Finance.

Security Analysis

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.

Managerial Accounting

This class develops your ability to understand the nature and limitations of the information provided in the external, and internal, financial reports. It introduces some of the accounting techniques underlying business activity, and builds your awareness of the financial implications of strategic and operational decisions.

Behavioural 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.

Derivatives

This class will provide you with a strong grounding in derivatives that may be used to manage the financial risks faced by individuals, financial institutions and business corporations.

Find out more in the 2015/16 class outline for Derivatives .

Management classes

Choose at least one:

Global Business Environment

Business organisations and management decisions and actions exist in a complex, dynamic and often turbulent environment. This class will develop your understanding of the many dimensions and layers of the global business environment. It'll encourage you to recognise, understand and reflect upon the challenges and opportunities that various aspects of the business environment present to businesses, organisations and managers operating in an international context. The class will also introduce you to a range of useful theories, concepts and tools for analysing the business environment and give them an opportunity to apply these to ‘real world’ and hypothetical management scenarios.

Project & Programme Management

This class introduces the tools and techniques used in project and programme management. It'll begin by introducing the methods used to define the scope of a project including the objectives it needs to achieve and the deliverables to be generated. It then goes on to examine lifecycle management, planning and scheduling techniques and cost control before finishing with risk management.

The theme of this class is to promote project performance not only in terms of meeting the time, cost and performance targets of each specific contract but also in relation to complementing the overall business strategy by exceeding customer expectations and therefore leveraging new business.

Developing Effective Consulting Skills

This class seeks to provide those contemplating management consulting as part of their career path with the insights and perspectives to be recognised as valuable to clients.

It recognises many of the foundational elements and skills of self-effectiveness and reflexivity developed in and throughout the course. It'll enhance these elements and skills by sharpening awareness of the subtlety and complexity of such issues that are key to trust and relationship-building in consulting.

The successful consultant is aware of the importance of areas of personal expertise and social capital, the importance of trust between client and consultant and the delivery of sustainable solutions. This class offers the opportunity for you to engage with theory and practice to develop your understanding and skills of intervening in organisations.

It's equally relevant if you're considering a career in management consulting or as senior managers tasked with the design and delivery of major organisational initiatives.

Managing in Europe

This class gives you the skills involved in managing people in Europe with a focus on cultural and knowledge issues as well as managing cross-cultural differences.

You'll be able to understand the European context in terms of human resource management and employment relations and manage effectively in this context. You'll also be able to adapt to different cultural environments and to manage effectively in an intercultural European context as well as a global context.

Marketing Management

The nature of how we think about ‘markets’, and the activities involved in trying to understand and communicate with customers, is changing rapidly. This class examines contemporary international practice, exploring the major concepts and techniques involved in the marketing planning process. It'll help you analyse what companies are offering, how customers behave, and ultimately identify what they need to do next to deliver on their objectives.

Semester 3

Summer classes

Business Strategy

This class provides opportunities to explore, understand and apply the language of strategy and strategic management. By examining real-life organisations, you will develop your understanding of the forces within their contextual and transactional environments that influence their strategy, and by applying different strategic frameworks, develop the ability to critically analyse the strategic direction being adopted.

Project Methodology

This class introduces you to a range of different methodological approaches to conducting research and key issues researchers are commonly faced with (eg relevance of practitioner engagement, ethics). You'll be provided with a broad overview of research choices and issues from the perspective of Strathclyde staff representing each department in the Business Faculty who will present vignettes from their own research projects.

Project 1: Finance & Project 2: Management

These projects provide you with a valuable opportunity to apply what you have learned through the taught modules to a more practical situation. Working under the supervision of a faculty member, you'll spend time working individually, or in a group, on a topic of central interest in these areas. You'll learn the skills needed to develop a proposal and conduct an effective enquiry into your topic areas, producing reports that are both informed and practical.

Project subject matters are diverse, with a vast array of industries and topics to consider. While many projects can be subject specific, increasingly, many projects are undertaken with organisations, which allow you to learn more about a specific industry or work with a particular company.

Our experience shows that such interactions often act as a catalyst for future career opportunities. While you'll be encouraged to put forward your own suggestion of a company, we do have client projects on offer, so are more than happy to assist you in identifying appropriate clients and partnerships.

Learning & teaching

The course is delivered through a series of lectures, workshops, case studies and problem solving activities. 

 

Assessment

The course is assessed through written assignments, group and individual projects, examinations and presentations.

Entry requirements

  • UK students are required to have a good honours degree (2.1 preferred) or equivalent in economics, accounting, business studies, maths, statistics, computing, or related subjects, or an equivalent professional qualification
  • Overseas students' qualifications will be judged on an equivalent basis.

English language requirements

If English isn't your first language, you'll need to provide proof of English language proficiency from the International English Language Testing System (IELTS).

Our IELTS requirement is 6.5, however some courses may look for more.

Improving your English

If you need to improve your English to meet the language conditions of your degree offer, you can take one of our ELT English language courses here without needing to re-take IELTS or another English language test.

Fees & funding

2018/19

All fees quoted are for full-time courses and per academic year unless stated otherwise.

Scotland/EU

  • £12,500

Rest of UK

  • £12,500

International

  • £20,300

How can I fund my course?

There are scholarship opportunities available for students applying for this course. Opportunities include:

Check our Scholarship Search for more help with fees and funding.

Scottish and non-UK EU postgraduate students

Scottish and non-UK EU postgraduate students starting in 2017 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.

Don’t forget to check our scholarship search for more help with fees and funding.

Students coming from England

Students ordinarily resident in England can 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.

Don’t forget to check our scholarship search for more help with fees and funding.

Students coming from Wales

Postgraduate students starting in 2017 who are ordinarily resident in Wales can apply for 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. We are waiting on further information being released about this support and how to apply.

Don’t forget to check our scholarship search for more help with fees and funding.

Students coming from Northern Ireland

Postgraduate students starting in 2017 who are ordinarily resident in Northern Ireland can apply for support from Student Finance NI. The support is a tuition fee loan of up to £5,500. We are waiting on further information being released about this support and how to apply.

Don’t forget to check our scholarship search for more help with fees and funding.

International students

We have a large range of scholarships available to help you fund your studies. Check our scholarship search for more help with fees and funding.

Please note

The fees shown are annual and may be subject to an increase each year. Find out more about fees.

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Finance and Management

Qualification: MSc, Start date: Sep 2018, Mode of delivery: attendance, full-time

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