MSc Business & Finance

Course Details

The MSc Business and Finance consists of eight compulsory modules, which you will study across three terms. The compulsory modules provide key management and business expertise, all designed to contribute to a career in business and finance. 

Optional modules
We offer a range of optional modules, giving you stimulating choices. You undertake one optional module in term 2 and if you select the term 3 Business in Practice route you will also select one additional optional module. 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.

Assessment
Assessment is a mix of exams, project and group work, and tests. Your dissertation or Business in Practice module brings all your learning together.

Please note that this course is currently going through a review and there may be changes to the module structure for 2019 entry. Please check the website regularly for the most up to date details. 

 

Choice of Dissertation or Business in Practice route:

Dissertation route
If you would prefer to take a more traditional postgraduate route and wish to specialise in a Finance related research topic for your future career (either in industry or for further academic study), the 6,000 word dissertation will enable you to test and apply the techniques and theories you have gained. You will be supervised and supported throughout and will usually submit your dissertation in early September.

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 and specialist knowledge to suit your career aspirations, you can complete your studies with two additional optional modules and our applied Business in Practice module. You will develop deep functional and industry expertise 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.

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Compulsory Modules

Analysis of Economic Behaviour

The module aims to provide in-depth coverage of fundamental behavioural economic concepts. It will familiarise students with conventional assumptions about the behaviour of individuals and firms as well as their interactions in markets. 

Assessment – Exam 100%

Strategy Analysis & Practice

This module 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 module 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 module 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 module 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).

Quantitative Methods for Financial Management

This module aims to provide an introduction to advanced quantitative methods to students. The module will equip students with an understanding of descriptive statistics and data presentation and enable them to apply the major tools needed for finance related MSc level study. This will include basic statistics and econometric tools.  

Assessment - Exam 80% / Class test 20%

 

Financial Management

This module will provide the necessary background in financial management, asset pricing and investments. We will talk about how assets are priced in the markets, review modern valuation techniques and asset management tools.

Financial Reporting & Statement Analysis

This modules enable students to interpret financial statements in context and apply appropriate models and techniques for company valuations.

 

Financial Markets & Instruments

This module is designed to analyse financial products and instruments, looking at how they are issued and traded, and provide a good overview of markets and organisations, market participants, and their roles.

 

Corporate Finance

This module aims to provide students with a fundamental understanding of corporate finance theory and practice. It reviews how firms raise money, manage their finances and distribute profits to achieve their goals. 

 

Strategic Management Accounting

The module will develop the technical skills and understanding of the behavioural consequences of management accounting process and enables strategic decision-making.  

 

Indicative Optional Modules

Behavioural Economics

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.

 

Economics in the Global Growth Environment

This is a summer term elective option that is open to students who have opted for the Business in Practice route. 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.

Assessment - Assignment 100% - focussed on a case study of a business expanding into a new region or country.  

 

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.

 

Digital Marketing Technology & Management

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 (eg written assignment, critical reflections, discussions in seminars, hands-on exercises) and social/soft skills (eg leadership and team work).

Governance & 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.

 

Judgement & Decision Making

Gain an introduction to the psychology of human judgement and decision making. This field provides the foundation for understanding the decision-making processes involved in financial markets. The module encourages you to: see how the insights from this work can help understand the origins of rational and irrationality in financial decision makers and financial markets; improve your own financial decision-making; gain a broader understanding of decision-making throughout the finance industry.

 

Mergers & Acquisitions and Corporate Control

This module studies issues and questions that the financial community is concerned with around announcements of mergers and acquisitions, value consequences of M&A transactions for both target and acquirer shareholders, sources of value creation, and the selling process.

 

 

Forecasting for Decision Makers

This is a summer term elective option that is open to students who have opted for the Business in Practice route. 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.

Assessment - Individual Assignment 80% / Group Report 20%

 

Derivatives and Corporate Risk Management

This module provides systematic understanding of relevant knowledge about key risk factors that firms might face and how firms can reduce their risk using various financial instruments.

Ethical Leadership

This is a spring term module option. Students will investigate and analyse organisational situations where issues of ethics, values and responsibility are paramount.

Assessment - Assignment 100%

Business IT & Services

This is a summer term module option, available as a choice to students who have selected the Business in Practice route. 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

Assessment - Group Assignment 30% / Individual Assignment 70%

Entrepreneurship and Business Venturing

This is a summer term module option, available as a choice to students who have selected the Business in Practice route. 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.

Assessment – Group Presentation Assignment 40% / Individual Assignment 60%

International Business

This is a summer term elective option that is open to students who have opted for the Business in Practice route. 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.

Assessment - Group Presentation 20% / Individual Assignment 80%

Leading for Innovation

Innovation is the very core of competitiveness. But innovation often can come in very different forms and depending who will pick up this innovation it might or might not be properly diffused and spread out so that it results in a greater competitiveness.  

Dissertation

Dissertation

If you select the dissertation route you will work with an allocated academic supervisor and research a topic relating to Business & Finance. The module is assessed by a 6,000 word formal dissertation. 

Research Methodology

If you select the dissertation route, this module will give you the academic skills to confidently approach your dissertation topic.

Assessment - Assignment 100%  

Business in Practice

The Business in Practice module is the compulsory capstone module for students who choose this Term 3 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. 

Assessment  – Firm Analysis Assignment 60% / Individual Reflective Journal Assignment 40%

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