Business and Economics
BSc (Hons)

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
Work placement opportunity
International Students can apply

3 good reasons to study Business and Economics at Salford

1.

The Complete University Guide 2017 ranks Economics at Salford fourth in the UK for student satisfaction.

2.

Experience paid placements with world-leading organisations such as Shell, IBM and Jaguar.

3.

Our graduates work with companies including Citibank, American Express, KPMG, PricewaterhouseCoopers and Greater Manchester Police.

Course Summary

This course allows you to study two subjects which are perfectly matched. Business and Economics are two of the most topical fields of debate and review for modern companies worldwide.

You will gain invaluable insight into important issues challenging governments and business leaders, while learning how companies operate internally and within a global marketplace.

You will develop highly employable skills suitable for a variety of opportunities working at the cutting edge of international business and economics.

This course is also available with a Professional Experience Year, giving you the opportunity to apply the skills, knowledge and understanding you have gained in the first two years of the course. There are different entry requirements and course codes for the Professional Experience Year option.

Watch our video

Chief International Economist with ING and Salford Alumni Rob Carnell on his career since graduating from Salford Business School.

Watch our video

Business tips from Salford Alumni Rob Carnell as he returned to pass on his experiences to a new generation of students.

Course Details

Course Structure

Year 1

All Business and Economics students study the same modules in the first year, after which you are given the flexibility to review and change your options depending on which subjects interest you the most. This approach gives you a vital foundation in key business disciplines to support the subjects you go on to study in your second and final years. It also means that all students achieve the same level of Business and Economics knowledge at the end of their first year.

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.
You will learn how to present, evaluate and interpret data as a basis for making business decisions. This will include an introduction to using mathematics, statistics and analysis to develop lines of argument and propose solutions to important business problems.

OPTIONAL MODULES

Choose one from:

This module will introduce you to the functional nature of organising and organisations in a global context.

OR

You will develop your knowledge and competence in a foreign language, while also learning more about the countries where it is spoken for professional purposes.

Year 2

In your second year, you will start to take specialist modules and build your knowledge in these areas. You also have the option to change your specialism and original choice of degree, or switch to any of the following degrees:

  • BSc (Hons) Business and Financial Management
  • BSc (Hons) Business and Management
  • BSc (Hons) International Events Management
  • BSc (Hons) International Business
  • BSc (Hons) Business Management with Sport
  • BSc (Hons) Business and Tourism Management
  • BSc (Hons) Marketing
  • BSc (Hons) Human Resource Management

CORE MODULES

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 introduces you to present-day costing techniques and their use in modern manufacturing and business environments. You will explore how management accounting information is used in decision-making and performance measurement, along with current issues in information technology and implementing accounting information systems.
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 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.
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.

OPTIONAL MODULES

Choose one from:

This module will highlight the potential uses for data in helping aid business decisions. To provide students with statistical techniques useful for business decision-making. To equip students with the necessary skills to present and analyse datasets using computer software.

OR

This module will develop your ability to initiate, implement, review and appraise management objectives and decisions in the context of a dynamic, competitive market environment. You will develop an understanding of the complex interactions behind decision-making in organisations, and the importance of thinking beyond a single functional perspective.

OR

You will develop your knowledge and competence in a foreign language, while also learning more about the countries where it is spoken for professional purposes.

Optional Year

On completion of Year 2 you may choose to undertake either a paid placement or study abroad for a year.

All of our BSc and BA 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 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.

You can choose to undertake a study exchange abroad for one semester or one year during your second year. We provide you with extensive support through workshops, personal guidance, tests and interview practise to help this opportunity become a reality.
Graduates with international experience are increasingly sought by employers because they gain highly valuable skillsets living and studying in a different country.
Salford Business School study abroad opportunities are available across Europe and the rest of the world – don’t miss out on this exciting chance to learn while exploring new places and making friends from all over the world!

Year 3

CORE MODULES

This module develops your understanding of the secondary sources and primary research methodologies available to solve business problems. In particular, you will gain the knowledge and skills to evaluate published business research and prepare viable proposals for future research and consultancy.
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.
The aim of this module is to develop your systematic understanding of the operations of foreign exchange markets and their significance to business. You will focus on developing a critical appreciation of the rationale for trade and investment, as well as learning about risk management at a global level.
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

Choose one from:

This module will teach you practical forecasting skills useful in the business world. It will enhance understanding of the power of mathematical and statistical methods to give insight into business data and give you experience of making effective forecasts.

OR

This module equips you with an appreciation and in-depth understanding of the implications of Business Ethics, Corporate Social Responsibility (CSR) and Sustainability in national and international organisations.

OR

You will develop your listening, speaking, reading and writing skills in a chosen language for practical everyday as well as learning about the cultures of countries where the language is spoken.

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 Minimum of five at grade C or higher, to include English language and maths
UCAS tariff points BSc: 104-120 points
With Professional Experience: 280-320 points
GCE A level BSc: BCC with a minimum of two A2 passes
With Professional Experience: BBC with a minimum of two A2 passes
BTEC National Diploma DMM/DMM - DDM with placement
International Baccalaureate indicatively 26 points for International Baccalaureate Diploma (25 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 whose native tongue is not English 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 wide 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

Teaching

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 studies to ensure you are fully prepared for your placement or year abroad and final year studies. In the final year, you also have the opportunity to manage a virtual company in a small group, competing against your fellow students.

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

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.

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

Our graduates have gained employment with leading companies including:

  • Ernst & Young
  • Dixons Group plc
  • British Airways
  • Cooperative Insurance Services
  • BMW
  • American Express
  • BBC
  • Citibank
  • Ladbrokes
  • Numberica
  • Office of the Legal Services Ombudsman
  • KPMG
  • PricewaterhouseCoopers
  • Premier Travel Inn
  • BUPA
  • Thomson Holidays
  • BT
  • DTS Logistics
  • Greater Manchester Police
  • The NHS

Our recent graduates have gone on to enjoy careers in areas including:

  • Personnel management
  • Accountancy
  • Marketing management
  • PR
  • Market research
  • Corporate planning
  • Operational research
  • Systems analysis
  • Computer programming
  • Purchasing Banking

Career Prospects

Recent graduate careers have included personnel management, accountancy, marketing management, publicity, market research, corporate planning, operational research, systems analysis, computer programming, purchasing, banking and the City.

Alumni Profile

Links with Industry

Our course team maintains excellent relations with local and national business and economics-focused organisations, commentators and employers.   Current students and recent graduates have experienced highly sought after placements with:

  • NatWest
  • Barclays
  • The Cooperative Bank
  • BP
  • Esso
  • Shell
  • IBM
  • Hewlett Packard
  • Compaq
  • Ford
  • Vauxhall
  • Jaguar
  • Nissan
  • Marks & Spencer
  • Selfridges
  • Sainsbury’s
  • Eli Lilly
  • Glaxo
  • ICI
  • The NHS

Placement Opportunities

Taking a placement between your second and final year helps to further develop your real 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.

Students at Salford have been placed in a large number and wide variety of organisations, from global corporations to small enterprises, from financial services to manufacturing. You will receive considerable assistance from the industrial placements tutor and team in obtaining a placement.

Current and recent students have enjoyed placements with: NatWest, Barclays and The Cooperative Bank; BP, Esso and Shell; IBM, Hewlett Packard and Compaq; Ford, Vauxhall, Jaguar and Nissan; Marks and Spencer, Selfridges and Sainsbury's; Eli Lilly, Glaxo and ICI.

Other placements have included the NHS, the education sector, environmental, arts and cultural organisations.

Further Study

Fees and Funding

Facilities

Stylish and modern 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.