Postgraduate MSc/PgDip/PgCert

Finance

Salford Business School

Attendance

Full-time

Part-time

Course

One year

Two year

Next enrolment

September 2021

Introduction

In a nutshell

Our MSc Finance is an intensive postgraduate course, designed to develop a detailed understanding of the practical application of modern finance theories in the financial world. The programme tracks the CFA syllabus and from the outset, you will take a hands-on approach to handling data and dealing with complex financial models. This degree is taught on our Peel Park campus, close to Manchester city centre, by experienced staff who are specialists in their area.

The modules on this master’s programme are designed to be of maximum relevance as they incorporate the latest developments in the financial sector, equipping you with the skillset to work in all areas of the industry. You will gain the technological skills and independent thinking abilities essential to working alongside companies, and the confidence and self-esteem to progress to senior roles. 

You will not only master the academic theory of the finance industry but become aware of the high ethical standards expected from you as a financial specialist. You will also have the opportunity to gain experience in real-world application as we encourage you to apply your knowledge in new and unfamiliar environments when collaborating with our industry partners.

Five good reasons to choose Salford Business School:

  1. Practical teaching, informed by our industry partners, so you develop the skills employers look for
  2. Enhance your real-world learning on the Finance research project
  3. Beautiful campus just minutes from Manchester city centre
  4. Study in a vibrant financial centre with excellent opportunities for industry engagement and networking
  5. Focus on the digital, ethical and sustainability business challenges of the 21st century.
You will:
  • Explore different financial markets – such as equity, bond/debt/interest rate, foreign exchange and derivative markets - and their role in the economy
  • Consider current developments in the world's financial markets and institutions, including innovation, globalization, and deregulation
  • Examine the trading and valuation of common derivative products such as forwards/futures, swaps and options, as well as equity and interest rate markets
  • Explore issues in corporate governance and ethics and the role of the board of directors
  • Gain experience in real-world application, learning about complex financial instruments and the working of financial markets
  • Study in a vibrant financial centre with industry and engagement opportunities
Placement

options available

International

students accepted

This is for you if...

1.

You have a background in finance or similar

2.

You are looking to develop your career or move into management

3.

You enjoy putting your learning into practical experience

4.

You are a critical thinker and a problem solver

5.

You care about an ethical approach to finance and business

6.

You want to challenge yourself with new learning and new experiences

Course details

All about the course

The course is delivered across two semesters of 15 weeks each, with semester 3 dedicated to your Dissertation. In semesters 1 and 2, you will have 11 hours of teaching each week. This is made up of eight hours in class for your main modules plus two hours for Research Skills and one hour of Supporting Student Success. At present, there is a minimum of six hours face to face teaching on campus each week; this may change for September 2022 so please check with us before making commitments.

The Research Skills class each week prepares you for the Dissertation in your third semester. Supporting Student Success helps you settle into studying at University of Salford and gives you an opportunity to discuss any problems or concerns about your course.

In addition, you will also undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.

The Finance Dissertation module accounts for the final 60 credits of your degree. This research dissertation gives you the opportunity to put your learning into practice and enhance your professional experience.  

You will be allocated a supervisor who will mentor you through the dissertation.

Part time students study alternate modules (one module on, one module off) to complete their degree in two years.

Semester one

Corporate Finance

The primary goal of this module is to provide an integrated overview of the most important issues in corporate finance from the point of view of a manager of a non-financial corporation in today's competitive environment.  It provides a starting point for a successful career in finance.

During your studies, you will examine a range of topics including corporate organisation and governance; risk and return; corporate restructuring; and mergers and acquisitions. Your learning will be based on corporate financial management strategies in an international world.

You will be encouraged to draw upon and share your own cultural and managerial experiences.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

25%        Group case study report
75%        Exam

Financial Markets and Institutions

An integral part of a well-functioning economy is the establishment and smooth operation of a developed financial system. This module introduces you to different financial markets and their role in the economy. These markets include equity, bond/debt/interest rate, foreign exchange and derivative markets. In this module, you will also learn about the trading instruments used in these markets. Moreover, the module offers an exploration of current developments in the world's financial markets and institutions, including innovation, globalization, and deregulation, with a focus on the actual practices of financial institutions, investors, and financial instruments.

Teaching:

  • Interactive lectures, seminars and guest speakers
  • Group working on problem-based learning scenarios including case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%     Essay to show your independent research and reflection on key issues alongside your analytical and critical skills
 

Corporate Governance and Ethics

The global financial crisis that started in 2007 increased the urgency of the search for a better ethical framework and governance for business. An increase in the range, significance and impact of corporate social and environmental initiatives in recent years suggests the growing materiality of a more ethically informed approach. There are increasing indications of large corporations taking their ethics and corporate governance responsibilities more seriously, and of these issues becoming more critical in the business agenda.

This module will thus give you the opportunity to explore issues in corporate governance and ethics and the important role of the board of directors in improving governance and in embedding a more ethical approach in organisations.

Teaching:

  • Lectures to communicate key knowledge of corporate governance concepts
  • Seminars to explore and apply this knowledge to real corporate governance contexts.
  • Case studies, practical exercises, ethics vignettes and guest speakers and/ or study visits
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%        Individual essay

Semester two

Derivatives, Risk and Portfolio Analysis

The module will examine the trading and valuation of common derivative products such as forwards/futures, swaps and options, as well as equity and interest rate markets.  It looks at practical applications of derivatives for hedging or investment purposes, including risk-return profiles, advantages and limitations. 

You will acquire the skills and knowledge necessary to apply risk measures and management tools and to use portfolio theory to manage and balance investment risk and return.  You will also consider the practical issues surrounding forming and managing a portfolio and employing the concept of diversification for managing risky investments.

Teaching:

  • Interactive lectures, practical classes and industry guest talks
  • Group working on problem-based learning scenarios including case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

40%       Portfolio performance report
60%       Exam

Optional modules: select two from:

FinTech

This module looks at the latest developments in the area of Financial Technology. It starts by discussing the nature of blockchains and the innovation in financial services that are likely to take place in the coming years. It then examines the importance of modern cryptography and explores cryptocurrencies such as Bitcoins and how they are mined. This module makes use of real-world examples of how FinTech is already having an impact on the way the financial services are affected. Finally, it looks at examples of how different countries have reacted to the use of cryptocurrencies through government press releases.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%      Individual report

Behavioural Finance

Traditional approaches to finance have developed over time from the assumptions of human behaviour in neoclassical economics – that of the rational, self-interested, utility-maximising human.  This has in recent times come under considerable criticism for not being based on actual human behaviour.  This module draws on alternative views of human behaviour drawing heavily on psychology and sociology. 

You will explore the rapidly developing area of behavioural finance using theory and evidence to examine financial and investment decisions and to provide a broader insight into the way people make financial decisions.

Teaching:

  • Interactive lectures and seminars
  • Group working on problem-based learning scenarios including case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%     Individual assignment

International Finance

The module will enable you to devise ways of protecting a business from international risk. This will firstly include an understanding of the importance of exchange rates in assessing international interest and inflation rates and their effect on international trade; secondly, the role of derivative instruments and their application to hedging strategies to insure against excessive price volatility including the use of options, futures and swaps; thirdly, international risk reduction through structuring a business, invoicing policy and cash management. Finally, the module examines macro issues including crises, country risk analysis, theories of international trade and the balance of payments.

Teaching:

  • Interactive lectures and seminars
  • Small group learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%      Data analysis report

Banking and Financial Regulation

Banks play a major part in funding companies and by extension in economic development. Their increasing importance has led to regulation on an international level that affects all banking operations both large and small throughout the world. These major developments over the last 20 years make banking a fundamental part of understanding finance and the nature of the regulatory regime. You will have the opportunity to evaluate the performance of a bank as well as to analyse loan data and assess loan products. This allows you to appreciate the problems of lending, issues that are fundamental to all businesses.

You will look at the macro banking environment, study bank regulation and analysis, consider how bank management helps you to manage risk and learn about current issues in banking such as money laundering and internet banking.

Teaching:

  • Interactive lectures and seminars
  • Student activities and discussions
  • Guided personal study supported by additional reading list, lecture notes and relevant research articles

Assessments:

100%      Group report based on a case study

Fixed Income Securities and Credit Markets

Government and corporate bonds in their many forms represent the world’s largest source of funding yet have a relatively low profile in the subject of finance. 

You will have the opportunity to value bonds and their risks by constructing and reporting on the weekly performance of a bond portfolio.  In addition, you will be able to apply specialist bond strategies including riding the yield curve, duration and immunisation to business case study problems.  Innovations such as securitisation and credit default swaps in the context of the global financial crisis will also form part of an exploration of current financial issues.

Teaching:

  • Interactive lectures and seminars
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%     Case study and portfolio report

Applied Econometrics

As the volume of economic and financial data is ever increasing, the ability to perform and critically discuss applied empirical work is central to a job in today's financial sector. This module provides you with a 'hands-on' environment in which they learn how to extract and analyse data. The emphasis will be on developing a solid understanding of the underlying econometric principles of the methods taught, as well as on their empirical application using statistical software such as Stata.

Teaching:

  • Interactive lectures including problem-solving activities
  • Lab sessions to explore real-world data and econometric concepts using statistical software
  • Guided personal study supported by associated reading list, lecture notes and relevant research articles

Assessments:

100%     Project based on exploring a real-life research question

Semester three

Finance dissertation

This module supports your work on the research project which completes your degree.  Under the supervision of a subject specialist, you will complete independent research into a topic of your choice.

To prepare you with the qualitative and quantitative analysis skills you will need for your research project, you will also attend a research skills class for two hours per week throughout Semesters 1 and 2.  This module takes a hands on approach and is practically oriented.

Assessments:

100%      Research proposal
85%       13,000 word dissertation

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.

What will I be doing?

TEACHING

The teaching on all our postgraduate courses is based on the following principles:

  • Developing the leader/manager of the future
  • Professional competence
  • Global thinking
  • Ethical, responsible and sustainable practice.

We use a wide range of approaches to teaching to help you learn. Typically a module will include a mixture of activities: generally based around interactive lectures, dealing with a number of specific topics. The tutor introduces and explains key concepts and learning points, which are consolidated by class discussion and case study analysis to help your understanding and to prepare for assessment. You will be encouraged to offer examples from your own experience of work.

In addition, you will get an outline syllabus content and associated reading list at the start of the module which will be the basis for your self-directed study.

An important principle of the learning and teaching strategy is to develop you as a reflective practitioner able to understand your own motivations and abilities.

International student? Returning to study? Making the leap from undergraduate study? Whatever your circumstance, we will support you to move into postgraduate study. Find out more.

ASSESSMENT

Your learning will be assessed through a combination of coursework and examinations. Coursework, some of which is undertaken on an individual basis and some in groups, may take the form of essays, analysis of practical problems and cases, discussion of readings, objective (multiple-choice) tests, computer-based assessment and other forms. Some coursework (in particular individual and group class presentations) may be partly assessed by your fellow students. You will receive structured feedback in respect of coursework to help you develop your knowledge and understanding of materials covered in each module. 

The dissertation in the final semester will count for one third of your final mark.

Why Choose Salford Business School?

Salford Business School aims to foster the next generation of leaders and create a new vision of innovative and entrepreneurial leadership. We are integrated into the local business community as a hub for knowledge creation and exchange.

This means that our teaching is highly practical and your learning is informed by our industry partners. We are proud that our industry collaborations and partnerships benefit students, businesses and the community.

Our goal is to prepare you for a fulfilling life and professional career. Along the way, you’ll learn to be curious, adaptable and confident, ready to meet the digital, ethical and sustainability challenges of the 21st century.

Is Business a Science or an Art?

At Salford Business School, our postgraduate degree award is the Masters of Science (MSc) to reflect our approach to business knowledge. We believe that business decisions should be data-driven and evidence-based – even when the outputs are innovative and creative.

Where will I learn?

Salford Business School is located at the heart of the University’s Peel Park campus and just minutes from Manchester city centre. Teaching facilities include Lady Hale and Chapman buildings, which offer stylish modern spaces with lecture theatres equipped with the very latest technology and large screen displays. A dedicated Employability team will help you with work placements and access to work skills. Throughout campus, there is a choice of individual study areas, communal learning and breakout spaces, plus a selection of food outlets.

The University library isn’t just for reading books.  The ‘library in the park’ is a fresh, modern learning space with PC suites, Mac computers, bookable working rooms and café.  It's open 24/7 everyday of the year (except Christmas Day!) so you can study when it suits you. There's a wealth of support for you too, especially if it's been a while since you've studied and you want to brush up on your study skills. Find out how to make the best start on their website.

You will have access to a range of study skills sessions to help you get ready for postgraduate  learning and be successful in your studies and in your work. These include academic writing, research and digital skills.

A dedicated Business School Employability team will help you with work placements and work skills. You can access our professional, on-campus employability services at any time – even after you graduate. We can help you to create the perfect CV and LinkedIn page, as well as practice interview techniques and offer career advice.

Interested in starting your own business? Launch@ Salford is the incubation centre for business start ups providing a reception area, hot desk office space, private meeting rooms – and a networking lounge where you can grab a coffee and make those business connections.

The library in the park

Having undergone a £6.2 million refurbishment, Clifford Whitworth Library is a truly modern learning space with PC suites, group study rooms, silent study areas, access to specialist publications and much more. Based at the centre of the Peel Park campus, the library is open 24/7, all year round. In addition to Clifford Whitworth Library, there are several study spaces on campus.

Our library staff will support you with the extra study skills you need to succeed at postgraduate level whether you are moving straight on from undergraduate study or returning to education after a break.

Programme Leader

Dr Ashraful Alam is a lecturer in Accounting & Finance and Programme leader for MSc in Finance at the University of Salford. Prior to joining Salford, he taught at the University of York (where he completed his PhD), Leeds Beckett University and University of Dhaka. His research interests revolve around R&D investment and governance in emerging markets, gender, climate change, fintech, institutions, accounting practices and accounting changes. He has published articles in R&D Management, The International Journal of Accounting, Technological Forecasting & Social Change, Journal of Business Research, Business Strategy and the Environment, and Journal of Applied Accounting Research.

Getting here

University of Salford is easy to get to with Salford Crescent train station right in the centre of our main campus. Whether by bus, rail, bike, car or plane, Peel Park campus is easily accessed from all over Greater Manchester, Lancashire and beyond. For international students, Manchester airport is a short ride away and offers regular flights from London and many international airports.

Employment and stats

What about after uni?

This is an advanced degree and can lead you to a wide range of career opportunities and roles, such as stock market financial analyst, funds portfolio manager and global hedge fund manager.

On successfully finishing this programme, you will be equipped with the skills and understanding necessary to effectively and efficiently perform tasks in a managerial or consulting role. As well as your academic learning, you will develop your ability to work well in teams and independently, to evaluate critically, think creatively and communicate effectively with respect to issues in the industry; and to recognise good practice in the analysis, planning and management of international banking and finance products and services. You'll also develop an advanced level of understanding of research methods and their application to a wide range of real-world problems.

A taste of what you could become

A funds portfolio manager

A stock market analyst

A global hedge fund manager

A management consultant

An entrepreneur

And more...

Career Links

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 for industry-focused 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 postgraduate courses balances academic teaching and professional experience. Our industry partners give us their input into the curriculum so that the teaching reflects industry’s current and future needs and you develop the skills that employers want. The Industry Collaboration Project, which forms the final third of your study, is designed to give you real-world experience so you can apply the theory you have learned.

Requirements

What you need to know

APPLICANT PROFILE

This programme is designed for graduates with an academic background that contains finance or economics and quantitative skills. You will ideally have an undergraduate honours degree in either a finance or economics subject or a good degree or equivalent in any discipline with good quantitative skills. Alternatively, sufficient and suitable work experience will also be considered.

You will be keen to develop your financial knowledge but also to develop your skills as an independent learner.  You will supported and encouraged to become more articulate, more collaborative and more time conscious.  Continuous formative feedback by lecturers will be available on a regular basis.

The MSc is the only route available for international students.Find out more about the dedicated support for international applicants, visit www.salford.ac.uk/international

ENGLISH LANGUAGE REQUIREMENTS

All of our courses are taught and assessed in English, so as an applicant you must meet our minimum English language entry requirements. If you are an international student and not from a majority English speaking country, you will need IELTS 6 with no element below 5.5.

We also accept a range of other English language qualifications. If you do not have the English language requirements, you could take our Pre-Sessional English course

 

Standard entry requirements

Undergraduate degree

A minimum 2:2 honours degree or equivalent in either a finance or economics subject

Other professional qualifications may also be accepted either in partial or complete fulfilment of entry requirements:

  • Candidates with a 2:2 honours degree in non finance / economics disciplines will be considered on an individual basis if some level of finance and economics content formed part of the degree and you can demonstrate a high level of quantitative ability through your degree results.
  • Candidates with a 2:2 honours degree in an unrelated subject area but have relevant work experience will be considered on an individual basis.
  • Candidates with a 2:2 honours degree in an unrelated subject area but who have relevant professional qualifications will be given due consideration on an individual basis.
  • If you are a mature candidate with significant finance industry experience or with relevant professional qualifications, you will be given due consideration on an individual basis.

International Students

We accept qualifications from all around the world. Find your country to see a full list of entry requirements.

Alternative entry requirements

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).

How much?

Type of study Year Fees
Full-time home 2021/22 £8,100per year
Full-time international 2021/22 £15,030per year
Part-time 2021/22 £1,350 per 30 credit module
Full-time home 2022/23 £8,280per year
Full-time international 2022/23 £15300per year
Part-time 2022/23 £1,380 per 30 credit module

Fees for PgDip (4 x 30 credit modules) and PgCert (2 x 30 credit modules) are based on the fee shown above for part-time per 30 credit module.

Additional costs

For more information please see our funding section.

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

Scholarships for international students

If you are a high-achieving international student, you may be eligible for one of our scholarships.
 
We have a range of scholarships available for students applying for courses in 2020-2021 and 2021-2022. Our Global Gold Excellence Scholarship is worth £3,500 and our Global Silver Excellence Scholarship is worth £3,000 - both are available for students studying in our 2021/22 intakes.

We also offer the Salford International Excellence Scholarship which offers up to £5,000 discount on tuition fees. As this is a prestigious award we have a limited number of these scholarships available.

See the full range of our International Scholarships.

Apply now

All set? Let's apply

Still have some questions?  Contact us:

By email (UK applicants): enquiries@salford.ac.uk
By email (international applicants): international@salford.ac.uk

By phone:  +44 (0) 161 295 4545

 

 

Enrolment dates

September 2021