Accounting and Finance
MSc/PgDip/PgCert

Salford Business School - THE Business School of the Year award winners logo

Salford Business School

2014 THE Award Winner
Business School of the Year

Industrial Placement
Part-time study available
Alternative start dates available
Based at MediaCityUK
Work placement opportunity
International Students can apply

3 good reasons to study Accounting and Finance at Salford

1.

Excellent career potential and the opportunity to take a Business Innovation Project, enhancing your practical skills and experience

2.

Choose to take a one to three-month Assessed Internship with an employer, supported by Salford Business School

3.

A programme that equips you with the necessary theory and skills to work successfully in professional accountancy services and corporate sectors

Course Summary

The aim of this course is to provide you with the advanced level skills and knowledge required by personnel in Accounting, Finance, and Corporate Financial Industry sectors.

You will gain valuable insight into accounting processes, both from in-business and external reporting perspectives. You will also learn about the relevance of accountancy to company valuation, and gain a solid understanding of the fundamentals of financial management.

Course Details

The programme is block delivered and there are six entry points per year. Students will take the modules below in a sequence dependent on their start date.

The aim of this course is to provide you with the advanced level skills and knowledge required by personnel in the accounting, finance, and corporate financial industry sectors.  

On completion of the course you will be able to take advantage of opportunities in either managerial or consulting roles in the corporate sector and finance industries.

You will be equipped with the advanced level skills and understanding necessary to effectively and efficiently perform tasks relevant to the corporations or organisations involved with accounting and finance.  

You will be able to work effectively in teams and independently, to evaluate critically, think creatively and communicate effectively with respect to issues in different areas of accounting and finance; and to recognise good practice in the analysis, planning and management of accounting policies and corporate financial strategies.  

You also develop an advanced level of understanding of research methods and their application to a wide range of accounting reporting, accounting policies and corporate financial decisions.

Full-time

Semester 1

Develop an in-depth understanding of financial and management accounting techniques to enable you to evaluate performance of profit making and not-for-profit organisations. You will gain the ability to apply relevant knowledge, skills and techniques to evaluate the performance of an organisation and its strategic development. You will also learn to critically analyse the professional and ethical duties of accountants and finance managers and critically evaluate methods of benchmarking performance in line with business objectives.
Examine the impact of such factors as exchange rates, inflation rates and interest rates on the performance of firms and assess their significance in decision making in an international/global context.

Semester 2

Learn to employ critical reflection and thinking regarding domestic and international regulatory frameworks for financial and non financial companies. You will also develop an understanding of the economics of regulation and the problems of compliance.
Evaluate the principle issues facing professionals in today’s competitive environment, and apply financial theories and techniques in corporate finance to evaluate the link between financial decisions and their impact on enhancing a firm’s value. You will also develop knowledge and ability to value financial securities, to evaluate, analyse and construct corporate projects, and to propose more relevant approaches to valuation analysis relating to both developed and emerging markets.

SEMESTER 3

Business Innovation Project (BIP)

Flexible final study options

Salford Business School has one of the most flexible suites of post-graduate taught programmes in the UK.

For the final third of your studies you can choose from 4 differing pathways, all of which are designed to accommodate your career aspirations and enhance your professional practice:

  • Dissertation – traditional 3 month research pathway.
  • Live Project – 3 month group project activity researching a commercial project.
  • Internship – 3 month opportunity to develop your skills working in partnership with an organisation.
  • Placement – 6 month paid work experience implementing a commercial project.
This traditional route involves a substantive piece of research, which can examine contemporary or historical challenges in business, economic or management contexts.

The dissertation can be undertaken within a company, a sponsoring organisation, or investigate an area which is of interest to you.  Study is undertaken in the UK, or sometimes overseas – some international students may possibly return to their country to work on an industrial research project.

  • 3 month research project culminating in a 12-15,000 word dissertation
  • Topics can be undertaken in a number of areas:
    • personal interest in a topic area which supports your career aspirations.
    • an academic’s research area which explores challenging developments in the supervisor’s  area of expertise.
    • in partnership with a company or sponsoring company.
    • an entrepreneurial opportunity, particularly suitable if you wish to research your own  business opportunity.
This is a group project (teams of 2 to 5 students) examining an organisational problem or opportunity. Students work on sizeable commercial projects, which are broken down by the team.  Live projects reflect commercial realities of delivering complex commercial projects through the combined efforts of a committed team.
  • 3 month commercial research project.
  • Group presentation and executive report, coupled with an individual 8-10,000 word report.
This involves working on a company project. The majority of internships are voluntary positions, which support work experience with a company in a particular sector. A number of projects exist for suitable students, in many cases students are supported in finding and securing internships with the support of the School’s Employability Hub.
  • 1 to 3 month commercial project, undertaken full or part-time with the host company.
  • Internships are often voluntary positions providing interesting project experience, some positions are paid – potentially up to 86 UNITE Projects are available in 2013-14.
  • 30-40 minute commercial presentation and 10,000 word professional dissertation.
Placements are paid positions working on implementing a commercial project. Placements provide valuable experience for student to demonstrate their commercial capabilities. Placements are limited and are competitive.
  • 4 to 6 month work based project undertaken at the organisations premises.
  • Assessment consist portfolio of work, visitor assessment, presentation and interim report, culminating in a work related dissertation of 10,000 words.
  • Placements can be undertaken in the UK or overseas.
  • Students can undertake placements with their sponsor or employing organisation.
  • For international students placements are 6 months maximum due to visa restrictions.
  • For home/EU students, placements can possibly be extended to 12 months.
  • The salary range for placements range from £14,320 to £25,000 pro rata – the average is £19,555 pro rata.

Part-time study

 

If you are on the part-time course, you will be able to register for individual modules as part of CPD. The following example shows how the course could be taken on a part-time basis over two years:  

Year 1 - Semester 1

Corporate Financial Reporting 

Semester 2

Risk, Regulation and Compliance  

Semester 3

International Financial Management  

Year 2 – Semester 1

Corporate Financial Strategies  

Semesters 2 & 3

Business Innovation Project

Entry Requirements

Normally a minimum 2:2 honours degree or equivalent or successful completion of the Graduate Certificate International Management.  

A wide range of professional qualifications are also accepted either in partial or complete fulfilment of entry requirements.  

Where a student has gained a recognised Honours degree but does not meet the normal entry qualification requirement, they may still be considered for entry if they can demonstrate relevant work experience of a minimum two years duration post study and acceptable level of responsibility.   

Accreditation for Prior Experiential Learning (APEL)

We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.

Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).

English Language Requirements

Normally IELTS 6.5 with no individual element below 5.5, or equivalent recognised Secure English Language Test, (SELT).  

If the English language qualification is slightly below this level candidates may be able to take one of the many English courses available in the University. Please search for English in Course Finder.

Suitable For

This programme is ideally designed for graduates with an academic background in the following subjects: Financial and management accounting; economics; finance; management, or business studies. Alternatively, sufficient and suitable work experience will also be considered.

Applicant profile

Graduates generally join the programme with a background in accounting, finance, economics or business and plan to work in either the corporate sector or financial industries.

Teaching

The course is delivered in four blocks of three-day intensive study periods, followed by independent study and online support through the University’s virtual learning environment, Blackboard. Each module is taken and assessed over a six week block.

Teaching is delivered through a combination of lectures, seminars and tutorials using a wide range of learning activities.

Assessment

Over the duration of your course a range of assessment techniques will be used. Types of assessment include; essays, assignments, exams, multiple choice tests, online tests, group reports, and portfolio work. The weighting between exams and coursework varies between modules and years, but exams still play a major role.

Postgraduate Staff Profile

"I have extensive academic experience, having previously worked at the Universities of Leicester, Coventry and Bedfordshire. Prior to embarking on my academic career, I worked in accounting practices in both Hong Kong and London at a senior level, dealing with complicated cases and working with CEOs, CFOs and Directors of companies of all sizes. My research interests are mainly Corporate Finance, Market-based Accounting Research & Investment. Currently, I am working on a number of projects on dividend signalling, interest rates and house prices, financial and commodity asset returns, and value relevance of accounting choice."

Professor Chin-bun Tse Head of Academic Unit
(International Finance, Accounting and Economics)

Employability

This qualification will equip you for a career in finance, management consulting, industry or government. It will also prepare you for academic research opportunities in accounting and finance. Recent Salford Business School graduates have gained employment with organisations including Ernst & Young, British Airways, BMW, the NHS, BUPA and KPMG.

Career Prospects

Many of our graduates go on to join leading accountancy firms, banking and finance industries, both small and large corporate sector businesses, and the academic community.

This programme is the perfect springboard to employment in the just some of the following sectors:

  • Assurance and audit
  • Management consultancy
  • Financial accounting
  • Forensic accounting
  • Taxation
  • Corporate finance
  • Corporate insolvency and recovery

Links with Industry

Our course team maintains excellent relations with local, national and international organisations, commentators and employers.

Our teaching is industry-led, inspired by contemporary practice and developed in partnership with business leaders. Our academics are experts in their field and work closely with industry to ensure that our courses reflect the needs of business and provide our students with that extra edge when it comes to securing a job.

Our part-time students are drawn from a wide range of public, private and third sector organisations, allowing you to enjoy highly valuable networking opportunities.

Salford Business School also operates a guest lecture course which allows you the chance to mix with professionals from industry, make connections, set up placements and conduct research.

Further Study

Research in Salford Business School is coordinated by Professor Jim Yip, Pro-Vice Chancellor (Research & Innovation). 

You can find more information and contact details here

For those who wish to go further academically, a range of research PhD opportunities in all areas of finance are available, offering the opportunity to concentrate on any specialism requiring an in-depth understanding of corporate finance.

Fees and Funding

Fees for entry in 2017-18 will be published as soon as possible.

Fees 2016-17

Type of StudyFee
Full-time£7,500
Part-time£1,250 per 30 credits
Full-time InternationalMSc £13,300, part-time £2,217 per 30 credits
Full-time PgDip£5,000
Full-time PgCert£2,500

Additional costs

You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

Scholarships and Bursaries

We offer awards to help you study through our:

  • Vice-Chancellor's Excellence Scholarship
  • University of Salford student loyalty discount
  • Country bursary scheme for International students only

There are also other sources of funding available to you.

For more information please see our funding section

The Postgraduate Bursaries and Scholarships for 2017-18 entry are currently under review and subject to change. A revised schedule of scholarships and bursaries will be published in February 2017.

Facilities

Salford Business School is located at the heart of the University’s Peel campus in the newly refurbished Lady Hale Building, and the Chapman Building, offering state-of-the-art facilities for the Business School’s student learning community and just minutes from Manchester city centre. Chapman is a stylish modern space with six lecture theatres equipped with the very latest technology and large screen displays, a series of communal learning and breakout spaces, plus a Fairtrade café with panoramic views across the campus. Lady Hale is the home to all dedicated business school student support including the school office, an employability hub, a base for the Business School society, and several open study spaces. MediaCityUK is a vibrant place in which to live, work, socialise and study. Home to major BBC and ITV departments, the University of Salford and over 80 businesses across the creative and digital sectors, MediaCityUK is recognised as one of the most innovative developments in Britain.