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Business and Financial Management

BSc (Hons)

School - Salford Business School

Subject area - International Finance, Accounting and Economics

UCAS Code: N1N3 (three years), N1NH (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 - £13,320 per year

In Brief:

  • Opportunity to manage a virtual company as a group competing against fellow students
  • Integration of Sage training and Bloomberg Trading Suite in programme
  • Gain exemptions from some Association of Chartered Certified Accountants (ACCA) exams
  • Work/industrial placement opportunity
  • International students can apply

Course Summary

In an environment that is constantly evolving, studying Business and Financial Management gives you an understanding of the challenges faced by governments and organisations worldwide, as well as the skills and knowledge to work in a high-level business or managerial career.

As a Business and Financial Management student, you will study these two complementary and globally relevant subjects through a programme that is industry-informed and career-focused. By developing modules around the current needs of businesses, we ensure you have the knowledge and critical skills required to succeed in a fast-paced and lucrative sector.

With Professional Development options, exemptions from professional examinations such as ACCA and Sage training embedded in your first year, graduating with a degree in Business and Financial Management means graduating with the necessary skills to take the first steps in your career. 

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

The lecturers are really passionate about what they do and it really helps you develop an interest because they make the modules and topics so engaging. 

One of my Accounting academics made me feel welcome before I even started at the University. She answered all my questions, relaxed my anxiety about university and explained how she would support all the students on the course through their time at Salford. She was a very warm and welcoming person and as a result I accepted the Salford offer.

Zamzam Ibrahim, BSc Business and Financial Management student

Course Details

Employability is at the core of every programme offered at Salford Business School. This means the modules included on BSc (Hons) Business and Finance have been developed to meet the current needs of employers.

In the first year of the course, core modules are taught to provide all students with a solid understanding of the key concepts of business and finance. Following your first year, you will develop your understanding of more challenging ideas, your knowledge of the interwoven worlds of business and finance and your individual employability.

Throughout the programme, your decision-making and critical thinking skills will be improved through the integration of real-world examples and the use of facilities such as our Bloomberg Trading Suite.

Year 1    

The aim of the module is to provide students with a theoretical and practical introduction to Accounting, This module will help students understand the fundamentals of basic accounting methods.  It will introduce students to the production of financial statements for decision makers in various organisational structures.
This module will provide an insight into the distinct contribution of Human Resource Management policy and practice to employee and organisational performance and success within a UK and international comparative context.  It will help students develop an understanding of the interrelationship between the dynamic nature of social relationships within a range of organisations, the broader external environment, and the effective management of human resources and employment relations.
The aim of this module is to introduce students to key concepts in modern economics, in particular the functioning of markets as the foundation of contemporary economies; it will present an overview of the main microeconomic principles of economic behaviour and the main concepts within macroeconomics, and to explore the relationship between these microeconomic principles and macroeconomic concepts.
This module aims to provide an introduction to key foundational aspects of the theory and practice of marketing, which are essential to the long term prosperity of organisations and applicable to all specialisations within business. It will enable students to apply marketing principles to real life marketing 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).

Optional Modules

This module introduces students to the nature of organising and organisations within a global context.  It provides students with a foundational context for the study of the functional areas of business organisation.
Data Analysis for Business provides you with a sound grasp of the fundamental concepts required to use and interpret quantitative methods used in the analysis of business data. The concepts of mathematical and statistical modelling in business, finance and economics will be developed throughout the module, giving you the knowledge to move onto more advanced quantitative analysis.  

Year 2    

Building on the embedded skills developed during level 4 of the programme this module aims to enable the student to plan and carry out appropriate professional development activities to increase employability and performance, including self-presentation, professional networking, project planning and implementation, team working, influencing and multimedia communication. The module aims to equip the student with the experience required to position themselves in the global employment marketplace.

This innovative module has been nominated for the Course and Curriculum Design award in the 2018 Guardian University Awards.  One participant commented “It was thanks to this module that I gained a much better understanding of what employers are looking for and where I stand in comparison to that from the marks and feedback received… This proves to me I do have the experience and competencies sought after by employers. Realising this has really boosted my confidence.”

This module introduces present-day costing techniques and their uses in the contemporary manufacturing and business environment.  It explores the use of management accounting information for decision making and performance measurement; it introduces current issues in information technology together with a theoretical evaluation of the process of developing and implementing accounting information systems.
This module promotes the student’s understanding of management accounting information, tools and techniques and explores the significance of techniques to internal business functions.  It will promote the development of students' practical skills using accounting specific ICT packages and further consider the use of information technology in supporting the activities of the accountant and the management within an organisation.
This module introduces students to the operation of legal systems in the global business context and the areas of law that underpin the practice of effective business management.  Students will develop a working knowledge of the law relating to contracts in different business contexts and their effective negotiation.
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.

Optional Modules

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 in a practical context. You will analyse the role of regulation within financial markets and evaluate academic literature is that related to them.  

Optional Year    

At the end of year 2, you may choose to undertake either a paid placement or study abroad for a year. If you choose to study abroad you will spend your academic year at one of our partner universities, enhancing your language skills and international business knowledge    

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    

Students will acquire an organisation-wide perspective through exploring strategy techniques and processes within the global environment.  The module prepares students for a career in business and management and develops the next generation of managers. It allow students to apply the knowledge and understanding of strategy to a variety of real-word organisations and helps student’s ability to deploy accurately established techniques of analysis and enquiry, some of which are at the forefront of strategic research and practice.
This module equips students with an appreciation and in-depth understanding of the implications of Business Ethics, Corporate Social Responsibility (CSR) and Sustainability within national and international organisations.  This module will also develop students’ knowledge with respect to the importance of the balance between shareholders, stakeholders and the purpose and values of the organisation. It will explore the roles of social and technological innovation in global ethical organisations in order to prepare students for future employability.  
In Business Finance, concepts such as raising capital, capital markets and the capital structure of firms will be explored. You will evaluate the processes of mergers and takeovers and analyse the risks in international finance.  
The International Finance module prepares you for a career in an international environment by broadening your economic and financial knowledge and helping you develop the skills required to manage international financial databases.
This module gives you an introduction to the role of a bank and banking services in developed and emerging market economies. On completion of the module, you’ll be able to evaluate the regulatory environment of banks, understand developments in banking financial innovation and appreciate the risk of bank failure and their role in financial crises.
Optional Modules
This module evaluates the UK taxation system and its place in the global environment. It appraises core areas of taxation related to businesses and evaluates the taxation situation of sole traders, partnerships and limited companies.
Investment Management will provide an introduction to the theoretical framework for modern investment and portfolio management. Through the module, you’ll empirically test the validity of models that rely on risk-reward relationships and develop the statistical skills necessary to quantify risks associated with modern portfolio management.

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 financial management 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.

Fees and Funding

Fees

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

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

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

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

  • NatWest
  • Barclays
  • KPMG
  • Esso
  • IBM
  • Hewlett Packard
  • Compaq
  • PricewaterhouseCoopers

I have been one of the lucky few, and I started my career one week after my final exam. I am currently working in the advertising department within the UK’s largest re-investment company, Peel Holdings Land and Property (which is conveniently based at intu Trafford Centre!). In the future, I plan to do my ACCA exams and be a qualified Chartered Accountant, which is something I have always wanted to do.

Rebecca Sullivan, BSc Business and Financial Management

Career Prospects

Whether it’s in accountancy, marketing management, systems analysis, purchasing or banking, many of our graduates go on to enjoy successful and rewarding careers in high-level careers. American Express, BBC, Citibank, Ladbrokes, Numerica and KPMG are just a few of the organisations our alumni are bringing their ambition and ideas to.

Alumni Profile

Jaya Patel, Business Studies with Financial Management (Professional Experience), Greater Manchester Commissioning Support Unit, says

"Lecturers and staff are very helpful in assisting with any queries.  The consultation hours offered by Lecturers was very helpful because it may you aware of when the lecturer was free so you could drop in without making an appointment.  Studying at Salford Business School has improved my confidence and because I learnt so much, I wasn't afraid to try new thing at work. I completed a one year paid work placement,  I cannot even describe how valuable this was.  I think the work experience gained from a placement is very appealing to employers.  As a result of my placement I was offered a full time job with the company who originally employed me for my placement year."

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 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.

"I completed a one year placement at the University of Salford Students’ Union. It was challenging but it helped me develop more than if I’d not done it. I worked as a Sabbatical Officer, or as many people know me, the Vice-President of Business and Law. I had to help improve the life of Salford students, sometimes it was easy and involved helping a student out with a enquiry, sometimes it required weeks of intervention with staff to make sure students were always put first.

Did I enjoy it?  YES!"  Zamzam Ibrahim on her work placement with University of Salford Students' Union

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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