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Business and Economics

BSc (Hons)

School - Salford Business School

Subject area - International Finance, Accounting and Economics

UCAS Code: N1L1 (three years), N1LC (four years with placement)

Start Date(s): September

Duration:

Three years Full-time
Four years with work placement

Fees:

UK - £9,250 per year

International - £13,740 per year

In Brief:

  • Studying Business & Economics at Salford Business School equips you with highly employable skills
  • Experience paid placements with world-leading organisations such as Shell, IBM and Jaguar.
  • Work in our Bloomberg Trading Suite using the latest technology to develop your analytical skills
  • Work/industrial placement opportunity
  • International students can apply

Course Summary

A programme that gets to the heart of many of the most significant challenges faced by governments and organisations across the globe, Business and Economics equips you with highly employable skills and prepares you for a career in a variety of industries.

Economics is a consistently central topic of media discussion, and throughout the programme, you will study real examples and examine the implications of the theories explored in the real-world of economics. With a curriculum that is career-focused and industry-informed, you’ll learn how to translate insights from economic models into business strategies and economic policies.

Studying these complimentary subjects together provides an excellent introduction to business and economics and gives you the knowledge required to succeed in high-level and rewarding employment.

This degree is also offered with a Foundation Year, visit www.salford.ac.uk/ug-courses/business-foundation-year for details.

It was very important to me to choose “the right” university and the “the right” degree. I have done some research as to what I would like to do and managed to narrow it down.

I came across Salford University and I decided to attend the Open Day; when I arrived I remember that it ‘felt right”. I really liked how professional everyone was and the modern building. I applied, got accepted and that’s when my journey began!

Now that I am in my final year I can certainly say I have made the right choice!

Zuzanna Czyzowska - BSc (Hons) Business and Economics student

Awards and Accreditation

Course Details

At Salford Business School, we place employability at our core. This means that the modules on the Business and Economics programme are designed to reflect the current needs of employers. Between your second and third years, you’ll have the opportunity to take part in an additional work placement to put your skills and knowledge into practice and enhance your CV. You will not pay university fees during this year and will earn a salary for the work you do.

You will start the programme by studying a number of core modules that will provide you with an understanding of key business and economic concepts. Following your first year, you’ll continue to develop your skills and ultimately undertake more specialised modules that reflect your interests or chosen career path.

During certain modules you will have the chance to make use of Salford Business School’s Bloomberg Trading Suite. The Bloomberg terminals help to bridge the gap between theory and practice: using the latest technology, they improve your analytical skills and allow you to practice decision-making using the latest global economic data.

Year 1        

This module introduces you to the key concepts of modern economics, including how markets function as the foundation of contemporary economies.      
This module gives you a theoretical and practical introduction to the basics of accounting, including how to prepare financial statements.      
You will learn about the important contribution of Human Resource Management policy and practice to employee and organisational success in the UK and internationally.      
You will receive an introduction to the theory and practice of marketing - an essential service to the long-term prosperity of organisations and businesses - and apply these principles to real life situations.      
In this module, you’ll develop the digital and business skills essential for a high level career. You’ll gain experience of specific digital tools as well as practicing professional skills such as self-management, presenting and communication.  As part of the module you will follow        a        series of online challenges and events to complete the iDEA award - the Duke of York Inspiring Digital Enterprise Award (find out more at www.idea.org.uk)
In Data Analysis for Business, you will develop an understanding of the concepts required for the use and interpretation of the quantitative methods used to analyse business data. This module prepares you for entry to more advance studies dealing with quantitative analysis in business and economics.

Year 2        

This module enables you to study the application of microeconomic theory to issues and problems, including the decision-making of individuals, households and firms, strategic behavior, and market failures.      
This module provides you with analytical skills and an ability to develop simplifying frameworks for studying macroeconomics. It explores the economic principles used to design, guide and interpret commercial, economic, social, and environmental policy.      
This module will enable you to plan and carry out appropriate professional development activities to increase your employability and performance. These include self-presentation, professional networking, project planning and implementation, team working, influencing and multimedia communication. You        will        gain all the necessary experience required to take advantage of global employment opportunities.
This module introduces you to the operation of global legal systems and the areas of law that underpin the practice of effective business management. You will develop a working knowledge of law relating to contracts and their effective negotiation in different business environments.      

OPTIONAL MODULES

Through the Econometric Analysis module, you will form an understanding of essential econometric concepts and learn how to identify different types of econometric datasets and make effective forecasts using business and economic data.    
In the Project Management module, you’ll develop a critical understanding of effective project management within a global business context. The module facilitates an understanding of project management skills, techniques, methods and tools and their applications and limitations.
In this module, you will develop your knowledge of financial markets and institutions and learn how to apply financial theories under a practical context. You will analyse the role of regulation within financial markets and evaluate academic literature that is related to them.  
Through the International Business Strategies module, you will evaluate the key issues that impact international business in relation to varying corporate strategies. You will also examine the main strategic and international methodologies employed in the global marketplace and explore the components for formulating and implementing successful strategies.

Optional Year    

All of our BSc students can apply for a one year professional placement, which takes place between your second and last years of study.This is an excellent opportunity to take advantage of and over the last five years, 90% of Salford Business School undergraduates taking a one year placement secured a 2:1 or 1st class Honours degree.We will help you find out about vacancies and make the right connections with high profile employers through regular events and presentations.Here is just a small selection of the companies our students have enjoyed placements with so far: NatWest, Barclays and the Cooperative Bank; BP, Esso and Shell; IBM, Hewlett Packard and Compaq; Ford, Vauxhall, Jaguar and Nissan; Marks & Spencer, Selfridges and Sainsbury’s; Eli Lilly, Glaxo and ICI; Fujitsu, Marriott and Virgin.

Year 3

This module critically reviews the major concepts, relationships and models in monetary economics. It analyses and assesses the links between money, national economies and central banks. You will learn how to appraise the role of money in the international economy and critically assess the performance        of alternative international monetary regimes.      
You will critically appraise the economic concept of uncertainty and explore the methodology of game theory to integrate uncertainty into economic analysis. You will also analyse real-world conflict situations and explore their resolution in diagrammatic and mathematical formats.
This module equips you with an appreciation and an in-depth understanding of the implications of Business Ethics, Corporate Social Responsibility (CSR) and Sustainability in national and international organisations.      
You will acquire an organisation-wide perspective by exploring strategy techniques and processes operating in the global environment. This module prepares you for a career in business and management.

OPTIONAL MODULES

This module develops your knowledge of the core economic principles relevant to the analysis of competition and competition policy. You will analyse and critically evaluate models of competitive markets and apply economic principles to problems and policy issues related to competition.
Through this module, you will lean to apply economic analysis to key topics in environmental sustainability and economic development. You will critically explore the trade-offs between economic growth, social equity and environmental sustainability.  
Investment Management introduces you to the theoretical framework of modern investment and portfolio management. Through the module you will empirically test the validity of models that rely on risk-reward relationships and gain an understanding of the nature and risk of modern financial instruments.
Brand Marketing aims to help you develop an understanding of the theories, principles and practice of branding. Through the module, you will explore the enduring importance of branding, receive an introduction to brand management and practice making brand related recommendations in the context of real life international brands.

Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.

Entry Requirements

Qualification Entry requirements
GCSE
You must fulfil our GCSE entry requirements as well as one of the requirements listed below.
Maths and English at grade C or grade 4
UCAS tariff points BSc: 104-112 points
With Professional Experience: 112-120 points
GCE A level BCC-BBC with a minimum of two A2 passes. With professional experience year: BBC-BBB with a minimum of two A2 passes
BTEC National Diploma DMM
International Baccalaureate Indicatively 30 points for International Baccalaureate Diploma (31 points with experience year)

Salford Alternative Entry Scheme (SAES)

We welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to pursue the course successfully. Once we have received your application we will assess it and recommend it for SAES if you are an eligible candidate.

There are two different routes through the Salford Alternative Entry Scheme and applicants will be directed to the one appropriate for their course. Assessment will either be through a review of prior learning or through a formal test.

English Language Requirements

For admission to programmes of study at the University an applicant for whom English is not a first language must possess a current qualification deemed acceptable by the University as evidence of proficiency in the English Language. For entry to level 4, 5, 6 such a qualification must equate to a minimum average score of 6 or above (and for each component 5.5 or above) from the Cambridge/British Council English Language Testing Service (IELTS) or alternative examinations as recognised by the University.

Applicant profile

This course offers great scope for any student wanting to learn how economics plays a vital role in business. Knowledge, expertise and the ability to discuss and contribute to solutions around these issues are highly sought after skills by employers across a wide variety of sectors.

This course will appeal to a range of applicants and there is no need to have studied these subjects before to be successful.

Each application will be considered carefully and judged on its own merits.

Equivalent qualifications will also be considered. Please contact admissions for further information.

Fees and Funding

Fees

Fees 2019-20

Type of Study Fee
Full-time £9,250 per year
Full-time International £13,740 per year

Fees 2018-19

Type of Study Fee
Full-time £9,250 per year
Part-time Your annual fee will be calculated pro rata to the full-time fee according to the number of credits you are studying.
Full-time International £13,320 per year

Teaching

https://youtu.be/WAtH7dUftio

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 provides you with that extra edge when it comes to securing a job.

Teaching is delivered through a combination of lectures, seminars and tutorials using a wide range of learning activities. You will experience small group tutorials during your First and Second year module studies. This ensures you will be highly skilled in time for your placements, year abroad experience and final year studies.

In certain modules, our Bloomberg Trading Suites will be used to bridge the gap between practice and theory. By using the terminals, you gain exposure to technology used widely across the financial sector as well as live global economic data.

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

https://youtu.be/YScG58QK9J8

Our comprehensive range of business and management undergraduate degree course are highly respected by leading employers and have been designed to maximise your opportunities for embarking on a career with organisations seeking high calibre business graduates.

"I have thoroughly enjoyed my time at the Salford Business School due to extensive the range of modules and the excellent standard of teaching. Studying BSc Business and Economics has allowed me to gain an insight into important issues challenging governments and business leaders today, while learning how companies operate internally and within a global marketplace"

Hassan Rauf, BSc Business and Economics

You will gain valuable new skills which prepare you for work, graduate entry into management training programmes, or further study.

Our Business and Economics graduates have gained employment with leading companies including:

  • NatWest
  • Barclays
  • The Cooperative Bank
  • Lloyds Banking Group
  • KPMG
  • PricewaterhouseCoopers
  • Numerica
  • American Express

Career Prospects

Business and Economics graduates go on to enjoy careers in insurance, corporate planning, applied research, systems analysis, banking and wealth management.

Alumni Profile

"I graduated from Salford in 1992 with a first in Economics.  That’s the reason I got onto a Masters in Economics programme in Canada.  That was enough to get me into a job with the government first in the Home Office and then I moved quickly to the Treasury where I spent four years working on things like the inflation and monetary policy and foreign related matters.

I’m now an economist working for ING Dutch banking group in the City of London.  I do use my degree in my job; for a lot of people, that isn’t the case, a degree is a means to an end.  I actually do use mine every day.  I’m quite glad I paid attention - particularly some of the econometrics I did on my course comes in handy."

Rob Carnell, Chief International Economist, ING Dutch banking group

Links with Industry

The University of Salford grew out of the institutes of the late 19th century that provided a talented, technically proficient and professional workforce to support the UK’s rapidly growing industries. In the 21st century, this still holds strong. Whilst industry has changed significantly, the need industry-focussed education is equally relevant today.

We teach the skills that employers need and as a result, our graduates enjoy excellent international career prospects.

The curriculum across our undergraduate courses balances academic teaching and professional experience, allowing you to apply theory in practice in a way that has been proven to produce highly employable, articulate business professionals who have forged the contacts that will help develop their future careers.

Placement Opportunities

You can enhance your career options with a year-long work placement giving you the opportunity to apply the skills, knowledge and understanding you have gained in the first two years of the course. Taking a placement between your second and final year helps to further develop your management skills and enhances your CV and employment prospects. A placement also provides a real context for the subjects studied on the course and helps in the preparation for your final year.   

You will work with an employer which could be a local, national or international organisation.  Our students have worked in a wide variety of organisations including NATS Holdings and RentalCars.com.

You will arrange your work placement with support from the School’s dedicated Employability Hub and from your industrial placements tutor both before and during your placement.  The placement year gives you an additional 60 credits towards your final results.

During this year, you will not pay fees to the University and will earn a wage for the work that you do.

There are different entry requirements and course codes for the Professional Experience Year option.

Further Study

Want to find out more about Salford Business School?  Visit www.salford.ac.uk/business-school

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.

In our Bloomberg trading suite in Maxwell building you can develop their trading experience, improve your analytical skills and practise financial decision-making using the latest global economic data.

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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