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Finance and Investment Management

MSc

School - Salford Business School

Subject area - International Finance, Accounting and Economics

Start Dates(s): September

Duration:

MSc (one year full-time or two years part-time)

In Brief:

  • This programme makes extensive use of the Bloomberg Trading suite
  • Taught by subject area experts
  • Covers modern finance theory and investment strategy to an advanced level
  • Part-time study option
  • Work/industrial placement opportunity
  • International students can apply

Course Summary

This programme follows the Chartered Financial Analyst (CFA) syllabus, preparing students to sit for the professional CFA exams.

Your studies will cover modern finance and investment theory to provide you with solid foundations and practical business techniques so that you are fully aware of the implications and assumptions in use. You will learn to critically appreciate the limitations of modern finance and investment methodologies and to apply them in different contexts.

The programme is highly practical and makes extensive use of real-world examples to examine the application of your learning. You will work in the School’s Bloomberg trading room to develop your trading skills and in the final semester, you will work on a live industry brief, either for your own employer or with another organisation.

Course Details

The course is delivered in four blocks of intensive study periods. For each block, you study a single module for a 6-week period. Face-to-face teaching is delivered on campus for 6 hours each week. In addition, you will attend the taught element of the Business Innovation Programme one afternoon a week during the 6-week blocks.

Part time students study alternate modules (one module on, one module off) to complete their degree in two years. During this period, you will also undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.

For the final third of your studies, you will work on your Business Innovation Project, working with your own or another organisation on a live brief.

Semester 1

Risk Portfolio and Investment Analysis aims to help you understand and apply the general principles behind modern risk management approaches. In this module, you will devise strategies to use modern portfolio management approaches and critically evaluate the limitations of modern statistical techniques in making financial decisions.
In this module, you will critically assess modern corporate governance in light of the recent financial crisis and review the ethical issues in running modern firms. You will also critically assess modern capital structure theory, the risks and opportunities involved in mergers and acquisitions and the limitations and applications of statistical methods in finance.

Semester 2

This module aims to help you understand and apply the general principles behind the valuation of fixed income and derivative securities. You will devise strategies to solve problems facing institutional investors, governments and transnational bodies.
This module involves the evaluation of the theoretical basis of modern equity valuation and the concepts behind financial reporting. You will examine the impact of market and accounting based factors on the performance of firm equity value and devise strategies to minimise the risks associated with equity valuation.

Semester 3

Business Innovation Project

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
  • 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 of a 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.

Entry Requirements

A minimum 2:2 degree or equivalent or successful completion of the Graduate Certificate International Management.  A wide range of professional qualifications are also accepted.  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.

Accreditation of Prior Learning (APL)

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

Any graduate who wishes to specialise in modern finance, banking, risk management and investment.

Teaching

The course is block delivered with students studying a single module for a 6 week period.  Face to face teaching is delivered on campus for two half days each week. In addition, you will attend the taught element of the Business Innovation Programme each Wednesday afternoon during the 6 week blocks, with independent study completed in your own time through the University’s virtual learning environment, Blackboard.  Individual student timetables are provided during induction week.

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.

Employability

Students on completing this course will be able to work as analysts, investment manager, risk managers, fund managers in a wide range of financial industries.

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

Find out more information about research opportunities here.

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.

All University of Salford students also have access to the MediaCityUK campus including its study facilities.  MediaCityUK is home to major BBC and ITV departments and over 80 businesses across the creative and digital sectors.  It is recognised as one of the most innovative developments in Britain and is a vibrant place in which to live, work, socialise and study.

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