MSc Business with Consulting
You will begin Term 1 with three modules, that cover key business areas (Foundations of Financial & Management Accounting, Quantitative Methods for Business, and Strategy Analysis and Practice). Additionally the Introduction to Consulting module is the first of your specialist consulting modules.
In Term 2 you will study Fundamentals of Economic Behaviour, another key business area, looking at microeconomics but with our unique behavioural science perspective. You will also do two more of your specialist modules (Developing Consulting Expertise, and Current Issues in Leadership). Finally you choose one optional module, allowing you to explore another field.
In Term 3 you will study your fourth specialist module, Leading and Managing Change, and an optional module. You also follow the course content relating to either the Dissertation or Business in Practice route.
We offer a range of optional modules which reflect the research strength of WBS across the business and management disciplines. You undertake one optional module in Term 2 and in Term 3 (if you choose the Dissertation route, your Term 2 optional module must be Research Methodology). Please note that module availability may vary and that your first choice may not be guaranteed. Please see the drop down link for module descriptions.
Learn from industry consultant practitioners
The course offers you the opportunity to meet external industry consultant practitioners who will discuss and practice real life scenarios. In previous years these have included IBM, Deloitte, PwC, CSC, Capgemini and PA Consulting. You will develop and practice your consulting delivery skills with client companies and experts from consulting specialists. In previous years these have included Rolls Royce, BT, Whitbread and specialist Chillimint and ICDP.
Assessment is a mix of exams, assignments, assessed group project work, and tests. Your dissertation or Business in Practice module brings all of your learning together.
Choice of Dissertation or Business in Practice route:
If you are considering further academic study (PhD) and you would like the opportunity to research a topic relating to accounting and finance, the 6,000 word dissertation enables you to test and apply the techniques and theories you have gained. You will be supervised and supported throughout, and the Term 2 compulsory module Research Methodology helps you prepare.
In total you will study eight compulsory modules and one optional module, and complete a dissertation and a Research Methodology module.
Business in Practice route
If you would like to develop further applied skills to suit your career aspirations, you can complete your studies with our applied Business in Practice module. You will develop your business knowledge and personal skills with practical insights from our faculty and our CareersPlus & Corporate Relations team.
In total you will study eight compulsory modules, two optional modules and also complete the compulsory Business in Practice capstone module.
See compulsory and optional modules for this course
Introduction to Consulting
This module will introduce students to the nature, scope and challenges of the consulting profession. The module will introduce participants to the consulting process by considering each element of a simplified and generic consulting process. The module will use case histories of several successful and unsuccessful consulting projects as its empirical basis and these case histories will be analyzed from multiple perspectives.
Developing Consulting Expertise
This spring term module builds on the knowledge from the earlier Introduction to Consulting module. This module aims to show students how individuals and organisations assess the consulting environment to determine which areas of expertise to develop and apply. In so doing the module helps students understand the different models of consultancy and the contexts in which they might be relevant.
Leading and Managing Change
This module aims to develop an understanding of some of the challenges faced by leaders and managers within an increasingly volatile organizational environment particular, it aims to:
1) Introduce students to the major frameworks for understanding how different forms of organizational change might be evaluated, analysed, led and managed.
2) Build students’ skills in analysing how the cultural and micro-political dimensions of organizational life impact on both the need for change and the ways in which it manifests itself.
3) Develop students’ understanding of various strategies and tactics for the mobilisation of support for necessary change initiatives.
5) Enable students to critically engage with debates about the limitations of organizational change and its ideological dimensions.
Current Issues in Leadership
The module aims are:
1. To introduce students to key contemporary themes, debates and theoretical frameworks in the area of leadership;
2. To examine key leadership themes and applicability of theoretical frameworks in relation to real-world cases;
3. To develop student's capacity for critical and reflexive thinking about leadership theory and practice
Quantitative Methods for Business
The module aims to provide an introduction to quantitative methods to students from non-numerical backgrounds. The module will equip students with an understanding of descriptive/inferential statistics and data presentation and enable them to apply the major tools needed for MSc level study and for the use of data analysis in the workplace.
Strategy Analysis and Practice
This course is concerned with understanding in depth and applying in practice some models and concepts for building a firm's "competitive strategy", that is a business-level strategy that enables a firm to gain and sustain a competitive advantage in a given industry. This course is therefore not concerned with issues of corporate strategy, such as choices of internationalization and diversification.
To survive and prosper over the long-term in a given industry, a firm must be able to create and sustain over time a competitive advantage. This course equips you with the frameworks, analytical tools, and concepts that you need to complement your own intuition and skills in making sense of the organisational and environmental complexity and in identifying the sources of superior performances.
The course leads you into two areas of analysis: the external environment of the firm (the industry context), and the internal environment of the firm (its resources and capabilities).
Foundations of Financial & Management Accounting
The module aims to provide a comprehensive introduction to financial reporting and management accounting. The unit adopts a user perspective, rather than a specialist accountant perspective. By the end of the module, students will be able to prepare simple versions of the main financial statements; use financial statement information to analyse the performance of firms over time and across industries; and demonstrate an understanding of the role and the importance of the auditor and corporate governance in ensuring the quality of financial statement information and user confidence in this information.
Fundamentals of Economic Behaviour
Study fundamental economic concepts and assumptions about the behaviour of individuals and firms, their interactions in markets and the role of government with respect to market failures of various kinds.
Governance and Corporate Responsibility
Appreciate the wider institutional location of business activity. Examine how firms are both 'takers' and 'givers' of governance and regulation in a variety of formal and informal ways.
Leading for Innovation
This module aims to develop a greater understanding of how to foster an innovative work environment. It also aims to understand how to develop leaders for innovation.
Digital Working & Organisational Transformation
To be effective in modern organisations requires an understanding of the dynamics of digital work. This module equips students with a broad understanding of the tools and organisational arrangements driving this shift towards digital working, and provides them with techniques and frameworks to operate effectively in this more dynamic and fluid work environment. The module reviews major trends and changes in the workplace arising from the increased adoption of digital tools to support work practices in modern organisations. It reviews major drivers of adoption of these tools and the emergence of new dynamics of interactions and patterns of work.
This module aims to span a range of sectors with a multidisciplinary approach, and to sensitise students to the strategic power of projects for achieving sustainable competitive advantage. The module provides conceptual, analytical and practical insights into the management of projects.
Students will investigate and analyse organisational situations where issues of ethics, values and responsibility are paramount.
With a focus on technological and digital innovation, we look to companies and their processes of open innovation as a way to harness ideas, understanding of the market and customer buy-in. We explore the deepening engagement of companies with crowds and open source communities and explore their practices of control and coordination.
This module introduces students to the ways in which economists and psychologists have used behavioural theories and experimental methods to provide extensions to, or alternatives to, the conventional economic wisdom covered by most standard Microeconomic courses. It will examine recent cutting-edge research and consider the implications of that research for individual decision making, the operation of markets and public sector policy-making.
Design in Business
The objectives of this module are to:
- Provide students with an appreciation of the roles of design within a business context
- Develop in students a good understanding of the contribution design can make to innovation and organisational success
- Critically examine various innovation and design approaches and processes, and the scope and content of design in both product and service contexts
- Provide insights into the functions and contributions of professional designers
- Discuss the emergence of 'design thinking' and its importance to business
- Explore the issues related to the management of cross-functional teams
- Examine the impact that design and designers can make on organisational performance.
Digital Marketing Technology
This module aims to provide an overview about how today's firms use digital marketing technologies to achieve their business objectives. Students will require theoretical and practical subject knowledge and understanding, cognitive and methodological skills (e.g. written assignment, critical reflections, discussions in seminars, hands-on exercises) and social/soft skills (e.g. leadership and team work).
Forecasting for Decision Makers
The module aims to providing training on methods that aid decision making when managers face an uncertain future. The module covers methods for short-term and long-term forecasting of product demand and macroeconomic variables. The module discusses how forecasting aids decision-making.
Corporate Finance is the study of financial decision-making processes at the corporate level. This introductory level Corporate Finance module deals with questions such as the following:
• What are the decisions that financial managers are required to make?
• What are the objectives that (should) govern these decisions?
• What are the constraints imposed by the economic and regulatory framework?
• How can the different available choices be evaluated and ranked?
• Can conflicts of interest distort the manager's incentives to pursue their goals?
Economics in the Global Environment
This module provides real world examples and case studies which illustrate how economic thinking helps businesses make the most of new opportunities while managing the risks associated with expansion into new markets and regions. The topics covered draw on ideas and research from macroeconomics, microeconomics, international finance, energy, resources, development and labour economics. The module teaches introductory economics, from a global perspective.
Business IT & Services
Students will investigate the management issues surrounding the utilisation and delivery of business IT and services within organisations, with particular focus on the new major trend of outsourcing.
Entrepreneurship and Business Venturing
In this module you will study the contexts, components, and processes of entrepreneurial behaviour in different types of organisations and focus on key issues in developing business proposals and plans.
Leading the knowledge based organisation
This module will allow you to:
- Gain a broad understanding of the innovation process and the different ways in which this can be addressed from a managerial point of view
- Introduce different theories on what organisational knowledge actually is, how it can be transferred and how it can be managed
- Appreciate the social nature of knowledgeable activities and roles of leaders and managers in coordinating such activities
- Learn about how firms leverage external and internal knowledge assets and ideas
- Develop practical insights into ways of leading knowledge-based organisations, including what not to do
- Develop an understanding of what knowledge workers, such as consultants, senior leaders and innovation experts, actually do and how they can be managed.
The module aims to develop a critical awareness of the issues, problems, concepts, and skills associated with the development of international business strategy and operations. Topics will include: the drivers and processes of internationalisation, cross-cultural management challenges, the assessment of overseas investment opportunities and the specific challenges of emerging markets.
If you select the dissertation route, Research Methodology becomes a compulsory module for you and it gives you the academic skills to confidently approach your dissertation topic. The focus is on epistemological foundations, the design of a research project, the preparation for and execution of valid and reliable business research (whether qualitative or quantitative), and on the writing up and presentation of research results.
Dissertation or Business in Practice
Business in Practice
The Business in Practice module is the core capstone module for students who choose this route instead of the dissertation route. It will illustrate business theory in practice by combing academic lecture input with expert practitioner insights, and will also provide intensive personal work-skills development via WBS CareersPlus team. The module is taught over two intensive weeks incorporating an innovative and exciting business simulation. The module is assessed through a Firm Analysis assignment and an Individual Reflective Journal assignment.
If you select the dissertation route you will work with an allocated academic supervisor and research a topic relating to Consulting. The module is assessed by a 6,000 word formal dissertation.