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  • Financial and Business Management MSc

Financial and Business Management MSc

Why choose this course?

This course is a combination of two highly successful courses run by the Business School – the Accounting and Finance MSc and the International Business Management MSc – both of which have established an international reputation for excellence. 

It is an intensive, thorough and challenging programme, designed to give you the theoretical and practical skills essential for managing today's businesses.

This course is suitable for students who have not studied economics, finance or accountancy at bachelor's level, as well as those with previous qualifications and experience.

Mode Duration Attendance Start date
Full time 1 year 1–4 days per week September 2020
Full time 2 years including professional placement 1–4 days per week plus placement year September 2020
Location Kingston Hill

Reasons to choose Kingston University

  • Kingston Business School is one of only five per cent of the world's business schools to be accredited by AACSB International. 
  • There are opportunities for diverse methods of learning, including real-life case studies, financial data platforms (eg Bloomberg, Fame and Datastream), and an online simulation game.
  • This course is accredited by the Association of Corporate Treasurers and offers exemptions from its professional exams.

Kingston Business School Accreditations

Kingston Business School holds the prestigious international accreditation by the AACSB (Association to Advance Collegiate Schools of Business) in recognition of the excellence of its business education. This accreditation has been earned by just five per cent of the world's business schools and recognises the high quality and standard of our business degree offering.

Kingston Business School Accreditations

Accreditation

Association of Corporate Treasurers

Association of Corporate Treasurers

Association of Corporate Treasurers

This course is accredited by the Association of Corporate Treasurers (ACT).

Upon completion of module Risk Financing (BA7101) you will gain exemptions from the Certificate in Treasury Unit 3: Corporate finance. You would then be required to complete four further units to complete the CertT.

This accreditation is renewed on an annual basis.

What you will study

The course is highly practical, with each module has been designed to teach you the skills that employers value most. You will even be assessed in practical terms, with all tests based on real-life practices, so that you can get used to the way you will work for an employer when you have finished the course.

You will learn the computer and research skills employers' demand for working this highly competitive sector. The programme has a balanced approach, teaching you how to interpret and solve problems using both quantitative and qualitative methods.

This course is underpinned by the latest research and best practice. Modules have been developed to provide you with up-to-date and relevant knowledge of accounting, finance and research methods.

Year 1 is made up of six core modules, one optional module and a research project.

Year 2, the Professional Placement Year, is optional and offers a full year of work experience.

Year 1

Year 2 (optional)

Core modules

Financial Accounting and Financial Management

30 credits

This module introduces financial accounting and financial management in a business context. It will provide you with a mix of practical know how as well as a theoretical underpinning. The module explains the principles for constructing the key financial statements that will allow you to produce financial statements from transaction records using double entry principles. You will also learn how to conduct an appraisal of an organisation's financial statements and look at companies' financial statements and their regulation.

The lectures for this module take an active learning approach that involves informal feedback through discussion and practice questions. The financial management section of this module gives you the skills to take a senior financial management position in a modern organisation.

Corporate Finance and Financial Statement Analysis

30 credits

The module is designed to offer knowledge of a unique combination of major cotemporary theoretical and empirical developments in the area of corporate finance and the analysis and valuation companies both from an accounting and financial perspective. The corporate finance part allows students to develop a critical knowledge and understanding of the core theories and concepts in the field of corporate finance. It further develops their skills and ability to apply their knowledge and understanding in real corporate life cases. The Financial statement analysis part allows students to develop a critical knowledge and understanding of the accounting principles and enable them to analyse financial statements and reports using financial ratios and other metrics. It also equips students with the knowledge to assess corporate profitability and financial stability and to critically evaluate the corporate reporting choices. This module adds value and it is relevant to those who are interested in a career in the corporate or in the financial services sector, as well as those who are interested in working as financial advisors and consultants or as financial analysts. Other professional such as accountants and corporate lawyers can also benefit and enjoy broader career development opportunities through the skills that the knowledge of the subjects covered in this module offers.

Financial Modelling and Research Methods

30 credits

The Financial Modelling and Research Methods module is a core module for the postgraduate modular finance scheme. The module has two parts. The first part provides an underpinning and understanding of numerical techniques used in the business and finance world to aid strategic decision making. It aims to provide students with the accounting, mathematical and statistical foundations that are necessary in the areas of accounting and finance. The second parts deals with an understanding of research methodology and the research methods and skills that the students will need to complete their research project successfully during the summer period.

Management Accounting

15 credits

This module will enable you to understand and prepare management information to support the decision making in an organisation. You will be able to calculate the costs associated with the production of products and provision of services, and determine their price and you will be able to understand budgeting approaches and how budgets are produced. Effective performance management systems including performance measures, to assist management decision making, are also covered.

International Business Strategy with Simulation

30 credits

The success of an organisation depends on the ability to make fast, widely supported and high-quality decisions on a frequent basis. Many of those decisions affect the organisation's long-term ability to succeed and remain sustainable.

This module involves studying how social and economic organisations assimilate and process information, and interpret and make decisions within their environments. These decisions tend to involve imitating their competitors or differentiating themselves from them. You will examine a number of conceptual and analytical approaches and models to help you understand:

  • the internal assets and capabilities of an organisation, as well as its political dynamics;
  • its relationships with suppliers, customers, regulatory bodies and other institutions; and
  • all of the above in the context of globalisation and international competition.

Following on from this analysis, you will consider the issues involved in understanding and designing strategic options, including those related to managing risk, managing expectations for accountability and ethical business behaviours (corporate social responsibility, responsible management), and financial and accounting considerations.

The aim of this module is to:

  • analyse the various bases of competitive advantage available to the firm;
  • evaluate and prioritise internal strengths and weaknesses upon organisational strategy, including the impact of resources, capabilities and power/politics;
  • evaluate and prioritise environmental impacts upon organisational strategy, including the impact of risk, uncertainty, institutions and cultures; and
  • appreciate the potential diversity in the strategies of public, private, voluntary, profit and not for profit organisations.

Optional modules

Global Marketing Management

15 credits

Marketing management is considered a key area of management in both the private and not-for-profit sectors. Global Marketing Management is the discipline of planning, organising and managing marketing resources on a global basis to achieve an organisation's specific marketing objectives. This module examines how theories and methodologies of marketing management can be applied to ensure long-term success for organisations. It is delivered via lectures, case study seminars and workshops and is supported by guest speakers.

Risk Financing

15 credits

This module explores the selection, implementation, and monitoring of risk financing techniques-ways in which an organization can obtain funds to pay for any critical and/or accidental losses which strike it. The module also aims to develop a critical awareness of risk within institutions and in a wider social context. Topics include: framework for risk financing; criteria for risk financing technique selection; insurance and reinsurance as a risk financing technique; financing property, net income and personnel losses; accounting and some income tax aspects of accidental losses; insurance pricing; selection of insurers and their representatives; implementing risk retention-available options including use of affiliated insurers; and risk cost allocation. It also demonstrates and discusses the significance of the use of risk transference and risk financing tools in the range of distinct contexts and to evaluate the economic consequences of Portfolio Management, Pensions Schemes, Fund Management, Insurance and alternative financing strategies. The module will provide candidates with the computer/IT, research and subject-based skills required by employers in this highly competitive sector. There will be also a programme of guest lecture from insurance and risk management sector experts.

Research project

Research Project

30 credits

The Research Project module is a core module for the postgraduate modular finance scheme. This module is based on the BA7032 Financial Modelling and Research Methods module that provides you with an understanding of research methodology and the research methods and skills that you will need to complete your research project successfully. To help you do this you will be allocated an individual supervisor who will provide guidance and encouragement. During this module you will draw on the knowledge and skills that you have gained during the earlier taught modules, but you will also acquire new skills and knowledge that will enhance your profile as a critical, independent, and creative thinker - just the sort of high level skills that modern employers are looking for. Whilst this is a demanding module, it is also a module that will give you an immense amount of satisfaction, because the research project and dissertation is your own, and what gaining a master's degree is all about.

The professional placement year is optional. It takes place after the full time year. It allows students to do a 12-month work placement as part of their course. The work placement is an assessed part of the course and is therefore covered by a Tier 4 visa.

Find out more about the postgraduate work placement scheme.

Modules

Professional Placement

120 credits

The Professional Placement module is a core module for those students following a Master's programme that incorporates an extended professional placement that follows completion of the first 180 credits of taught modules and project or dissertation. It provides students with the opportunity to apply their knowledge and skills in an appropriate working environment, and to develop and enhance key employability skills and subject specific skills in their chosen subject.

It is the responsibility of individual students to locate and secure a suitable placement opportunity; this will normally involve one placement which must be completed over a minimum period of 10 months and within a maximum of 12 months. The placement must be approved by the module leader prior to commencement to ensure its suitability.

The information above reflects the currently intended course structure and module details. Updates may be made on an annual basis and revised details will be published through Programme Specifications ahead of each academic year. The regulations governing this course are available on our website. If we have insufficient numbers of students interested in an optional module, this may not be offered.

After you graduate

This course can help lead to careers in corporate finance and financial management areas or work in relevant government bodies sectors.

Typical roles may include analyst, financial planner, controller, sales manager, financial accountant, international relationship manager.

Graduates have gone on to work for Bloomberg, Starcom MediaVest Group (USA), Hellenic Bank (Cyprus), Thai Military Bank (Thailand), National Social Protection Agency (Maldives), Emaar Economic City (Saudi Arabia), Rabobank and RedCloud Technologies.

Entry requirements

Typical offer

We welcome applications from anyone with a good honours (or equivalent) in any relevant discipline. The most important requirement is a proven interest in the fields of finance and business management - and the willingness and determination to work hard to expand your knowledge and understanding of real-life business scenarios.

If you do not have an honours degree you will need to provide evidence that you have satisfactory knowledge of relevant subjects. This could be an appropriate professional qualification, training, or work experience in a relevant field. Please contact the postgraduate admissions team to find out more.

Pre-Masters programme

If you don't meet these entry requirements, our Pre-Masters programme can prepare you for the course.

International

Please note: most students from countries outside the European Union/European Economic Area and classified as overseas fee paying, are not eligible to apply for part-time courses due to UK student visa regulations. For information on exceptions please visit the UKCISA website or email our CAS and Visa Compliance team.

All non-UK applicants must meet our English language requirement, which is Academic IELTS of 6.5 overall with 7.0 in writing and 5.5 in all other elements. Make sure you read our full guidance about English language requirements, which includes details of other qualifications we consider.

Applicants who do not meet the English language requirements could be eligible to join our pre-sessional English language course.

Applicants from a recognised majority English speaking countries (MESCs) do not need to meet these requirements.

Teaching and assessment

Guided independent study

When not attending timetabled sessions you will be expected to continue learning independently through self-study. This typically will involve reading journal articles and books, working on individual and group projects, undertaking preparing coursework assignments and presentations, and preparing for exams. Your independent learning is supported by a range of excellent facilities including online resources, the library and CANVAS, the online virtual learning platform.

Support for postgraduate students

As a student at Kingston University, we will make sure you have access to appropriate advice regarding your academic development. You will also be able to use the University's support services

Your workload

Type of teaching and learning

Year 1

Professional Placement Year

Year 1
  • Scheduled teaching: 339 hours
  • Guided independent study: 1461 hours
Professional Placement Year
  • Guided independent study: 50 hours
  • Placement: 1150 hours
  • 19% of your time is spent in timetabled teaching and learning activity
  • Professional Placement Year - 100% of your time is spent on guided 
  • Contact hours may vary depending on your modules

How you will be assessed

Assessment typically comprises exams (eg test or exam), practical (eg presentations, performance) and coursework (eg essays, reports, self-assessment, portfolios, dissertation). The approximate percentage for how you will be assessed on this course is as follows, though depends to some extent on the optional modules you choose:

Year 1

Professional Placement Year

Year 1
  • Coursework: 87%
  • Practical: 4%
  • Exam: 9%
Professional Placement Year
  • Coursework: 100%
  • Practical: 0%
  • Exam: 0%
  • 19% of your time is spent in timetabled teaching and learning activity
  • Professional Placement Year - 100% of your time is spent on guided independent study and placement
  • Contact hours may vary depending on your modules

Feedback summary

We aim to provide feedback on assessments within 20 working days.

Your timetables

Each student receives a personalised timetable. This is usually available after you have completed your online enrolment, which typically accessible 1 month before the start of your course.

Class sizes

You will be part of an intimate cohort of students which supports dedicated academic guidance and advice and the opportunity to build a life-long network of colleagues. Some modules are common across other postgraduate programmes therefore you will be taught alongside students who are on these courses within the Business School.

Who teaches this course

You will be taught by an experienced teaching team whose expertise and knowledge are closely matched to the content of the modules on this course. The team includes senior academics and professional practitioners with industry experience. The following group of staff members are currently involved in the delivery of different elements of this course. This pool is subject to change at any time within the academic year.

Fees for this course

Home and European Union 2020/21

  • MSc full time £11,280

Overseas (not EU) 2020/21

  • MSc full time £16,000
Postgraduate study
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