The University of Wolverhampton

MScFinance and Accounting

Why choose this course?

Businesses and government organisations implement strategies for economic growth by relying on sound financial knowledge. This MSc Finance and Accounting, taught by highly research-active staff, is aimed at providing you with an in-depth grounding for your professional or academic career in finance, business and accounting.

The course develops your strategic understanding and critical thinking of the main finance principles and theories that support and inform corporate financial decisions upon which modern business decision-making is based. In addition, it provides you with an opportunity to develop practical skills and a theoretical understanding of finance for international business.

You will explore the importance of accounting information in the management of corporations and the variety of approaches small firms use to secure finance and survive and succeed in the hyper-competitive market.

In this modern globalised business environment you will explore key factors that affect international business management and evaluate the impact of organisational theories and corporate governance on corporations in an international context.

You will have the chance to apply the research skills you have developed throughout the programme to an independent piece of research in an accounting or finance related topic.

As well as the opportunity of external visits, eg. the London Stock Exchange, students will have the chance to apply the research skills developed throughout the programme to an independent piece of research in an accounting or finance related topic.

What happens on the course?

Typical modules include:

International Finance
This module allows you to understand the international financial system and apply various international financial strategies available to international corporate managers.

International Business Environment
You will examine the controversies over basic trends in the global economy and analyse key issues, such as foreign investment and location, which underpin global business decision-making.

Financial Management
This module will develop your skills in all key aspects of financial decision-making, from sources of finance, investment appraisal to management of capital.

Accounting for Business
Explore, analyse and question the financial and management accounting information which operational managers will need to contend with during the course of their career.

Entrepreneurial Finance
Exploring approaches small firms can follow to secure finance to survive and succeed in the hyper-competitive market, you will investigate options for financial support including venture capital, angel finance, bank finance, trade credit, financial bootstrapping, and small firm loan guarantee scheme.

Corporate Governance in an International Context
Investigating a range of perspectives will help you understand the interplay between corporate governance, strategy and corporate performance in a range of comparative national and organisational contexts.

You will undertake an Independent Business Analysis Project, which runs throughout your course.

Why Wolverhampton?

The course is designed for those with a finance, economics or accounting background and for those with little or no knowledge of these areas, and provides the opportunity to engage with organisations.

Highly international in terms of content and student composition, the course utilises high-quality blended learning support, access to excellent learning facilities, and research-active teaching staff with industrial experience. As well as a chance to attend a practical equity market lecture on an external visit, a good student network is developed within the course – which is supported by a well-developed programme team, personal tutoring and the use of course representatives.

During your studies you will have the opportunity to engage in a number of activities outside of normal teaching these may include guest lectures, visits to companies or residentials. These activities are designed to enhance your knowledge, understanding as well as enjoyment of your course.

Upon completion of the course the skills gained can help you pursue a career in banking, business and industry, or academia. Previous students have gone on to take up appointments in large financial institutions, national government departments and international banks.

Career path

Upon completion of MSc Finance and Accounting, you can take up jobs as finance professionals in banking, insurance, multinational corporations, NGOs, national and local governments, international financial institutions such as IMF, World Bank, IFC etc. For those who want to take up careers in academia, this qualification provides you with the necessary skills and building blocks to pursue further study at MPhil or PhD level.

What skills will you gain?

On successful completion of this course you will be able to:

  1. Critically evaluate and apply a variety of corporate & international finance and accounting theories in an organisational setting.
  2. Critically evaluate and appreciate the relevance of accounting information for business performance management.
  3. Explore a variety of funding sources for a range of organisations and how crafted public policies address the needs of small firms and entrepreneurs.
  4. Critically assess how the international economic environment affects businesses.
  5. Develop a range of inter-personal skills that are appropriate for the international workplace.
  6. Synthesise relevant critical thinking through academic research completing an independent research project/dissertation at masters level.

Entry requirements

All applicants

  • A first or second class undergraduate honours degree from a UK university or overseas equivalent, or a professional qualification and/or experience considered to be equivalent to the above.
  • A reference from a tutor who has supervised your undergraduate studies, or your employer;
  • If English is not your first language, an IELTS score of 6.0 or above or evidence of English proficiency equivalent to the above.
  • You may apply for accreditation of prior learning (APL) subject to the guidelines set out in the UWBS APL Handbook. APL includes accreditation of prior certificated learning and /or accreditation of prior experiential learning.

Part time students only

  • Applications are also welcome from individuals who do not possess the above qualifications but who have significant management experience and are able to demonstrate previous non-certificated learning equivalent to the above. In such cases, admission to the programme will be based on an evaluation of the applicant’s ability to continue to benefit from and achieve the award.
  • You will normally have appropriate and relevant work experience.

Course fees and finance

2016/7 Home/EU International
Full time £9,800 £12,470

These fees are applicable for new entrants in 2016/7. Fees are for the academic year only, any subsequent years may be subject to an annual increase, usually in line with inflation.

Postgraduate Loans: A new system of loans for taught and research Masters courses for students resident in England is being introduced from September 2016. The loans will provide a non means-tested loan of up to £10,000 for Masters degrees in all subject areas and modes of study. More information can be found at www.findamasters.com/funding/guides/new-uk-postgraduate-loans-scheme.aspx

Professional and Career Development Loan: The University is a Professional and Career Development Loans (PCDL) registered Learning Provider, registration number [4413]. A PCDL is a commercial bank loan that you can use to help pay for work-related learning. For further information on financial assistance to support your learning, please visit the GOV.UK website or contact the National Careers Service on 0800 100 900.

Charitable Funding: You might also want to explore the possibility of funding from charitable trusts; please see the following websites www.acf.org.uk, www.dsc.org.uk/fundingwebsites or www.family-action.org.uk. Most charities and trust funds offer limited bursaries targeted to specific groups of students so you will need to research whether any of them are relevant to your situation.

University Postgraduate Loyalty Discount: The University also offers a postgraduate loyalty discount (http://www.wlv.ac.uk/study-here/money-matters/financial-support/postgraduate-study/postgraduate-loyalty-discount/): If you have completed an undergraduate degree at the University of Wolverhampton, you may be eligible for a 20% discount on the first year of a taught postgraduate programme.

Financial Hardship: Students can apply to the Dennis Turner Opportunity Fund (http://www.wlv.ac.uk/study-here/money-matters/financial-support/dennis-turner-opportunity-fund/) for help with course related costs however this cannot be used for fees or to cover general living costs.

If you are paying for the fees yourself then the fees can be paid in 3 instalments: November, January and April. More information can be found at www.wlv.ac.uk/howtopay

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Contact us

Telephone

01902 32 22 22

Email

enquiries@wlv.ac.uk

Online

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