The MSc Business & Finance course combines core and optional modules, which you will study across three terms. You will then choose between the Dissertation and Business in Practice route to complete your course.
You will study eight core modules, which you will study across three terms. We also offer a range of optional modules, allowing you to focus on an area of interest. 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.
Assessment is a mix of exams, project and group work, and tests. Your dissertation or Business in Practice module brings all your learning together.
The module aims to provide in-depth coverage of fundamental behavioural economic concepts.Full details
The course aims to provide an in-depth coverage of fundamental behavioural economic concepts. It will familiarise you with conventional 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. It will alert you to questions and doubts about the conventional assumptions - issues that will be developed more fully during the module.
Gain a foundation for and a critical assessment of theoretical and empirical approaches to strategy.Full details
This module will enable you to:
- locate the field of strategy in its historical and academic roots of Social Sciences.
- provide both a foundation for and a critical assessment of theoretical and empirical approaches to strategy
- provide frameworks and models for the interrogation and development of strategy in a variety of industries
- illustrate links between strategy and performance
Gain an introduction to advanced quantitative methods.Full details
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.
You will gain a comprehensive knowledge, understanding and skillset in trade-off management, expected return maximisation and risk minimisation, valuation of bonds and equities, and basic asset pricing models.Full details
Whilst the module maintains a theoretical basis, the emphasis of the course will be on the application of that theory.
Learn how to manage the trade-off between maximising expected return and minimising risk for portfolios of securities. Understand the valuation of bonds and equities, security selection and optimal portfolio strategies. Discover basic asset pricing models such as CAPM, and recognise their testing measures.
Learn to interpret financial statements in context and apply appropriate models and techniques for company valuations.Full details
Learn to interpret financial statements in context and apply appropriate models and techniques for company valuations and related business issues. Gain an understanding of how accounting provides data for corporate finance analysis.
This module will encourage you to understand and analyse financial products, markets and organisations – and their regulations.Full details
You’ll develop your problem-solving, critical thinking and financial analysis skills.
Topics explored include: financial markets such as equity, fixed-income and derivative markets, financial intermediation such as commercial banking, financial organisations or services such as mutual funds and hedge funds, central banking and monetary policy, international financial markets and organisations, and current or emerging trends in financial markets.
This module will equip you with a fundamental understanding of corporate finance, both in theory and in practice.Full details
You’ll review basic theories and applications in firm capital structure decisions, corporate governance and ethics, capital budgeting and pay-out policy of corporations.
This module explores basic theories on long-term debt and equity financing, and builds on these findings via real-world applications. You will also gain insight into capital budgeting, analyse relevant academic literature, assess factors influencing firm capital structures, and consider the importance of environmental, social and governance criteria.
Develop the technical skills and understanding of the behavioural consequences of management accounting process and strategic decision-making.Full details
The module will develop the technical skills and understanding of the behavioural consequences of management accounting process and enables strategic decision-making.
Gain a systematic understanding of key risk factors that firms might face and how firms can reduce their risk.Full details
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.
Gain an introduction to the psychology of human judgement and decision making.Full details
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.
This module aims to develop an understanding of entrepreneurs and the firms they create and manage.Full details
The module aims to develop an understanding of entrepreneurs and the firms they create and manage. Entrepreneurship is not only about new ventures or 'small' business or 'early-stage' business, nor even exclusively about for-profit business. Rather, it is a method of creative problem solving in business and a logic for taking action in a variety of settings where business can make a positive difference. The module, therefore, will explore a range of different ways of thinking about what entrepreneurship is and what entrepreneurs do. Our intention in the module is to try and help facilitate you in developing a more entrepreneurial mindset. This module also provides you with an opportunity to develop a Feasibility Study for exploiting an entrepreneurial opportunity - a precursor to a formal Business Plan.
Build on your knowledge of the global economic and business environment and link this to strategies for managing in changing global contexts.Full details
The main module aim is to build on your knowledge of the global economic and business environment and link this to strategies for managing in changing global contexts. Key questions are: How do changes in this environment affect the ways in which companies do business and managers manage across borders: How should firms and individual managers respond (in theory)? How can they respond (in practice)?
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.
This module aims to develop a greater understanding of how to foster an innovative work environment.Full details
This module aims to develop a greater understanding of how to foster an innovative work environment. In this module the role of the leader will be examined as he/she facilitates innovative ventures by identifying and defining problems worth pursuing (where potential payoffs justify risks), creating a context that allows for multiple parties to work together in generating viable ideas (those with a chance of successful implementation) and managing the context of idea development and fielding – to ensure that viable ideas are likely to be adopted in the marketplace. This module also aims to understand how to develop leaders for innovation.
It is further aimed to develop an understanding into issues such as:
- Why is innovation important (especially now)?
- What makes a leader more or less successful at leading for innovation?
- What is the role of the team in the innovation process?
- How might leading for innovation vary by domain (i.e. IT, marketing, etc)?
- How can crowdsourcing be used to foster innovation?
Look at project management methods in a modern context, spanning a range of sectors and applications.Full details
There are two specific features about project management theory which make it a slightly different type of subject to most other academic modules. Firstly, the subject has its origins in large-scale, complex operations. This means that a large proportion of the published theory concerns the planning and control aspects of the management of such processes. Secondly, most of the concepts were developed in the heyday of the 1960s, where a lot of activity was taking place in the aerospace, defence and construction sectors. This means that most of the basic literature is reasonably old and technically focused.
In the modern context, project management methods are now used for a much wider variety of applications including change management, Third World development programmes and IT-based projects. As a consequence, this module aims to span a range of sectors and be as multi-disciplinary as possible. The planning and control aspects of the module occupy only about 20% of the total time available.
- Develop an understanding of current project and programme management approaches and to make comparisons with your own organisation.
- Develop sensitivity to different project environments and to make comparisons and conclusions about them.
- Increase your understanding of commercial and behavioural issues in the management of projects.
- Provide experience of handling project management problems in a simulation setting.
- * Business in Practice only
If you select the Dissertation route you will work with an allocated academic supervisor and research a topic relating to Business & Finance.Full details
If you select the Dissertation route you will work with an allocated academic supervisor and research a topic relating to Business & Finance. This route will enable you to test and apply the techniques and theories you have learned throughout your MSc year. The module is assessed by a 6,000 word formal dissertation.
In total you will study eight compulsory modules and one optional module, and complete a dissertation and a Research Methodology module
Taught over 2 intensive weeks and incorporating an innovative and exciting business simulation, you'll put business theory into practice through academic lecture input and expert practitioner insights.Full details
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 combining academic lecture input with expert practitioner insights, and will also provide intensive personal work-skills development via the WBS CareersPlus team. The module is taught over two intensive weeks incorporating an innovative and exciting business simulation.
Compulsory on the Dissertation route, you'll gain the academic skills to confidently approach your dissertation topic.Full details
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.
- receive training on analytical approaches and research techniques widely used in Finance and Accounting
- be taught basic programming skills in Matlab and STATA
- receive training on how to use the various datasets available
- receive formal guidelines on how to structure research projects (writing a literature review, conceptualization and construction of hypotheses and research questions).
Our online platform
Our unique online learning platform my.wbs will act as the hub for your learning experience, hosting all of your teaching materials, key information from your CareersPlus and Programme Teams, and our online classroom: wbsLive.
Your learning experience
Teaching and assessment will vary to fit the subject being studied. Our faculty have designed your learning experience to fit the subject being studied, with a variety of teaching and assessment styles.
Your teaching will take the form of lectures and webinars, supported, where relevant, by guest speakers from industry to balance theory and practice.
Your learning will be assessed by a mix of exams, group work, project work, and tests. Group and project work will enable you to collaborate and gain new perspectives from your international cohort, preparing you for working in teams within a global work environment.
Choice of Dissertation or Business in Practice 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 core 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 core modules, two optional modules and also complete the core Business in Practice capstone module.
You will have access to our outstanding learning facilities, including a Postgraduate-only Learning Space and IT suite, as well as all other University facilities. Studying on a Finance-based MSc also means that you gain access to our Bloomberg terminals, Eikon terminals, and financial data via the Wharton Research Data Services.