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|Course Title:||Finance and Management (MSc)|
|Course type:||MSc, Postgraduate Diploma, Postgraduate Certificate|
|Mode of Study:||Full Time|
|Contact Details:||Claire Butters|
|Website:||Go to School homepage|
|Faculty:||Faculty of Humanities and Social Sciences|
|Subject Area:||Business and Management|
- Course Aims
- Entry Requirements
- Course Content
- Teaching and Assessment
- Additional Costs
- Course Modules
- Graduate Attributes
- Employability Skills and Professional Training
A very warm welcome to our MSc in Finance and Management. The Economics and Management programme groups, both in the Keele Management School, offer an MSc in Finance and Management designed for students who wish to follow a career in the investment management industry or as a financial officer within a commercial or public organisation.
The School has an international faculty that is experienced in offering a range of courses on management and finance. The two programme groups can now jointly offer an MSc in Finance and Management that will help develop students' skills and knowledge in the area of Finance and management and help prepare them for their future careers.
Please use this page to find out about our course, teaching methods and application procedure, and if you have further questions feel free to come back to us and ask.
Aims of the Course
The MSc in Finance and Management is designed to provide the systematic understanding of finance, financing and the modern organisation. It provides the analytical and technical skills in finance combined with the professional and management techniques of operational, strategic and financial management.
Successful students will gain:
- A systematic understanding of knowledge in finance and critical management thinking.
- A command of analytical techniques, computing and appropriate software in the relevant areas of finance and management.
- Increased confidence in the analysis, synthesis and evaluation of problems and their solutions.
- Improved employability through enhanced professional and practical skills.
Course Destination Information
The course provides students with career related skills and expertise. Typical career destinations may include employment in the investment management industry or as a financial officer within a commercial or public organisation.
All applicants must hold at least a second-class honours degree ( 2.2 or above) or overseas equivalent, in a business related area demonstrating quantitative content or in an alternative quantitative subject. Students who have appropriate professional qualifications or relevant work experience may also be considered. The University uses a range of relevant selection criteria including academic qualifications, professional experience, evidence of likely commitment to academic study, and an estimate of a candidate’s future potential.
Anyone applying from a country where English is not the first language is required to take one of the internationally recognised English language tests such as Academic IELTS or equivalent English language qualification. The minimum entry is IELTS 6.5 or equivalent English language test scores with a minimum of 5.5 in each subtest.
For overseas students who do not meet all direct entry requirements, the opportunity to take an intensive pre-MSC programme leading to MSc entry may be offered.
The MSc programme starts in September and lasts 12 months. During the first semester (September to January) students take the following four core modules:
- Financial Markets
- Quantitative Methods in Finance
- Operations Management and Supply
- Accounting for Decision Making
In the second semester (January to May) students take the following modules
- Applied Finance
- Strategy and Information Management
Plus two from;
- Corporate Finance
- Financial Modelling
- International Money and Finance
- International Financial Reporting
Each taught module is worth 15 credits so that the total credits accumulated from the taught modules is 120. From May to September, students undertake a project or a dissertation, which is worth 60 credits. Students gaining 120 credits from taught modules and successfully completing the dissertation will be awarded an MSc. Students gaining 120 credits but not proceeding to the dissertation/project will be awarded a Postgraduate Diploma. Students who do not gain 120 credits but pass modules worth 60 credits will be awarded a Postgraduate Certificate.
Teaching and Assessment
There is a Course Director who is responsible for running the programme and providing support and information for students. Modules are taught in lectures, tutorials and computer laboratory classes. Practical use is made of standard software and data sources. Taught modules are usually assessed by a combination of unseen examination and coursework which may include essays, mini projects and tests. Guidance is provided on dissertation /project topics and each student will be assigned a supervisor.
Apart from additional costs for text books, inter-library loans and potential overdue library fines, we do not anticipate any additional costs for this postgraduate course.
Below are brief module descriptions for the modules on this programme.
Quantitative Methods in Finance
This module provides students with the basic mathematical and statistical techniques used by finance theory and finance professionals.
Provides students with (i) an overview of financial instruments, markets and institutions; (ii) an understanding of issues and models of risk and uncertainty; (iii) an understanding of the unifying principles and concepts in finance and (iv) an understanding and overview of informational efficiency in financial markets.
This module focuses on the valuation of the firm and its investment opportunities, corporate structure and governance. The key features of corporate finance are addressed using (i) general methods of asset pricing (replication, arbitrage, stochastic discounting etc.) and (ii) agency theories of moral hazard and adverse selection.
The module examines modelling of bond and option pricing and also strategies in interest risk management using MS Excel with Visual Basic Application. It explores simulation and programming tools with application to selected areas of finance.
The module analyses the modelling of financial data using statistical techniques. In particular it considers univariate and multivariate time series methods, factor models and the calculation of value at risk. The module adopts a practical approach and use of appropriate data and software is made.
Accounting for Decision Making
Financial accounts provide needed information about an organisation for external decision makers such as shareholders, banks, suppliers and government. This module provides an understanding of the underlying business transactions that are needed in constructing financial accounts.
Marketing and Operations Management
This module aims to introduce students to key concepts and aspects pertaining to marketing and the management of design and operations in business organisations. The approach taken is primarily managerial in orientation. Setting marketing and operations within the context of the market, the module provides an overview of managing markets and the use of market information. The links between corporate, marketing and operations activities are then explored by reference to the strategic management of operations. The course then proceeds to explore marketing and operations concepts and issues in more specific depth. Marketing mix, strategies for new products and branding, and strategic aspects of marketing are covered from the marketing perspective. The operations management part of the course identifies that the aim of any industrial, service, public sector or retail operation is to deliver goods and services of the quality, quantity, cost and availability that will satisfy the customers' needs while at the same time making most effective use of resources. This can only be achieved by giving attention to the design of products, processes and work for employees, and through the competent planning and control of operations. These issues are covered in the module. The modules will, therefore, not only consider marketing management, but will also cover the way in which operations can be managed in a market-focused manner.
Strategy and Information Management
This module aims to introduce students to the principal concepts of strategy, its scope, purpose and outcomes and to provide an understanding of a number of different approaches to strategic management and the use of information systems. The approach is primarily managerial with the emphasis on the development and application of strategic theory in real-life cases and the selection and use of appropriate business information. The module initially examines the main theories of strategy and frameworks for the management and use of information, analysing their strengths and weaknesses in different situations. The next part of the module investigates and critically assesses approaches to using and providing business information. Students are then asked to apply these theoretical models and their information-appraising skills to two complex real-life case studies. This is likely to involve, for example, site visits, meetings with senior management and technical staff, the selection of relevant information from different sources (including local and commercial libraries, the Internet and other computer media) and the examination and analysis of marketing and financial data. The module will therefore not only consider the theory of strategic management but also, through working through the application of strategy, investigate the ways in which decision making is made within operational constraints.
The module develops an understanding of theories of entrepreneurship with reference to finance, management and marketing. It applies these theories in real world contexts, with specific reference to IT start-ups and the knowledge economy. It aims to give students the ability and confidence to start a new business in the IT area.
International Money and Finance
The module examines the linkages between financial markets that tie together asset and goods prices through the operation of the foreign exchange market. This module also studies how the market responds to international arbitrage opportunities and examines relevant hedging strategies.
The module studies the conceptual basis of behavioural finance, including heuristics and biases that inform financial decision making. In this respect this module examines the influence of trader psychology on the market behaviour and related market outcomes.
International Financial Reporting
The module examines the International GAAP (Generally Accepted Accounting Principles) and introduces the conceptual framework and measurement models adopted by the IASB (International Accounting Standards Board). This module provides students with the knowledge and techniques to analyse critically and interpret financial statements and also recognize the institutional and social contexts of formulating international accounting standards along with the cultural, political and market forces that influence this process.
N.B. The schedule shown may be re-arranged with minor adjustments.
The Graduate Attributes Statement is designed to raise awareness of the attributes that will be developed whilst you are a student at Keele University. It explains each of the attributes in detail, tips on how to achieve them and how they relate to your chosen programme of study.
The Graduate Attributes Statement for this course can be downloaded here.
In addition to the learning activities that are part of the MSc programme curriculum, students also benefit from a range of professional training events and activities to build employability skills.
In recent years we have enjoyed collaboration with Bloomberg, London. Students take part in the Bloomberg Professional training event which is delivered by experts from Bloomberg. During this event, students are familiarised with the Bloomberg Professional platform and explore its uses, functionality and tools as used by finance professionals.
Throughout their studies at Keele, students are able to use Bloomberg Professional service for their financial market research and also hands-on practice of applying professional analytical tools and functions. Bloomberg Professional is accessible from all terminals in KMS multifunctional IT suite.
Amy Hao, China
"For most Chinese students, a degree itself is not that attractive anymore, better still, a degree plus an overseas experience would help them to be more competitive in their future career."
MA Management Graduate
Olivia Philips, UK
"Completing my MA gave me the initial confidence to apply for a role in a relatively new field in recruitment and in a quite intimidating sector in the police force."
MA Human Resource Management
Molly Zhou, China
"Since graduating from KMS Molly has held leadership positions in multi-national companies across the industries of hospitality, luxury goods, wine and spirits, and fast moving consumer goods in both China and the U.K."
MA Human Resource Management