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BSc Finance (4 Years Including Foundation Year) - in Clearing

Why we're great

  • We equip you with the necessary knowledge and skills to succeed at Essex and beyond.
  • Our international students benefit from a single visa for all four years of study.
  • Small class sizes allow you to work closely with your teachers and classmates.

Course options2016-17

UCAS code: N301
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: International Academy
Fee (Home/EU): £9,000
Fee (International): £11,350
Subsequent years will be charged at the standard undergraduate degree fee for international students.

UCAS code: N301
Duration: 4 years
Start month: January
Location: Colchester Campus
Based in: International Academy
Fee (Home/EU): £9,000
Fee (International): £11,350
Subsequent years will be charged at the standard undergraduate degree fee for international students.

Clearing enquiries

Telephone 01206 873666
Email clearing@essex.ac.uk

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About the course

Our BSc Finance (including foundation year) is open to Home, EU and international students. It will be suitable for you if your academic qualifications do not yet meet our entrance requirements for the three-year version of this course and you want a programme that increases your subject knowledge as well as improves your English language and academic skills.

This four-year course includes a foundation year (Year Zero), followed by a further three years of study. During your Year Zero, you study four academic subjects relevant to your chosen course as well as a compulsory English language and academic skills module.

You are an Essex student from day one, a member of our global community based at the most internationally diverse campus university in the UK.

After successful completion of Year Zero in our International Academy, you progress to complete your course with Essex Business School. On our course you gain a firm understanding of the financial drivers of business, which underpin leadership, strategy and planning, and governance and ethics. In particular you examine finance in its international context, learn how statistics can be used to make financial decisions and explore topics including:

  • The pricing of securities in financial markets
  • Business economics
  • Quantitative methods
  • Financial modelling
  • Portfolio analysis

Essex has more start-up businesses than any other county in the UK and Essex Business School is ranked in the top 25 in the UK for research excellence (REF 2014); more than two-thirds of our research is rated “world-leading” or “internationally excellent”.

Professional accreditation

Essex Business School courses provide you with accreditations and exemptions from a range of professional bodies including:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Institute of Chartered Accountants in England and Wales (ICAEW)
  • The Chartered Institute of Management Accountants (CIMA)

This means that you are able to gain a professional qualification by taking fewer exams when you graduate, giving your career a head start.

Our expert staff

Our staff all have strong subject backgrounds, and are highly skilled in their areas both as academics and practitioners.

Within Essex Business School, you are taught by a highly qualified, enthusiastic team with wide-ranging research interests and proven academic track record.

Our staff specialise in areas including: financial crises, behavioural finance, hedge fund performance, financial bubbles, and growth and poverty.

Specialist facilities

By studying within our International Academy for your foundation year, you will have access to all of the facilities that the University of Essex has to offer, as well as those provided by our Academy to support you:

  • We provide computer labs for internet research; classrooms with access to PowerPoint facilities for student presentations; AV facilities for teaching and access to web-based learning materials
  • Our new Student Services Hub will support you and provide information for all your needs as a student
  • Our social space is stocked with magazines and newspapers, and provides an informal setting to meet with your lecturers, tutors and friends

Essex Business School’s landmark new building on our Colchester Campus provides you with an innovative, collaborative space and stunning environment in which to work, offering:

  • A virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • A light and spacious lecture theatre, with seating for 250 students
  • Study pods and innovation booths for group working
  • Dedicated office space for student entrepreneurs
  • Networking opportunities with visiting businesses
  • A café with an adjacent sun terrace

Your future

Many employers are looking for students with a real understanding of how businesses work. With 88% of our graduates entering work or further study after graduating, our courses provide you with the business acumen needed to secure your dream job.

Our students are in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy.

Our recent graduates have gone on to work for a wide range of high-profile companies including:

  • PWC
  • IBM
  • Deloitte
  • Ernst and Young
  • AVIVA
  • Bank of England
  • Hiscox
  • John Lewis Partnership

In addition to our Essex Business School careers advisors, we also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

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Example structure

Studying at Essex is about discovering yourself, so your course combines compulsory and optional modules to make sure you gain key knowledge in the discipline, while having as much freedom as possible to explore your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

For many of our courses you’ll have a wide range of optional modules to choose from – those listed in this example structure are just a selection of those available. The opportunity to take optional modules will depend on the number of core modules within any year of the course. In many instances, the flexibility to take optional modules increases as you progress through the course.

Our Programme Specification gives more detail about the structure available to our current first-year students, including details of all optional modules.

Year 0

What are the key concepts in business management today? Explore core elements within the field of business management, covering topics in banking, finance, management and accounting. Apply theoretical concepts to key organisations, companies and institutions. Develop your analytical skills and practical knowledge of this dynamic sector.

What is economics? And what are the main economic theories and principles? Build your understanding, studying topics in microeconomics and macroeconomics. Develop your knowledge of economic implications and build your analytic skills in using simple mathematical techniques and economic diagrams.

Want to use mathematical techniques to solve problems? And to calculate basic statistical measures? Develop mathematical skills like number work, algebra, geometry, probability and statistics that can be used on any course requiring mathematics above Higher GCSE standard. Learn to solve relevant problems and know how to present data clearly.

Year 1

Discover the nature and role of accounting, discussing who uses accounting information and for what purposes. You learn about the processes used to record, summarise and present accounting data, using the computerised accounting package MyAccountingLab. You also investigate the development and role of regulation in governing accounting practice.

Discover the applications of quantitative techniques in accounting, finance and management. You explore maths revision, the time value of money, rates of change, probability and statistics, making extensive use of Excel for applying statistical techniques. You also study the financial system, instruments and markets and ideas about finance concepts and problems. The topics covered include investment companies, return and risk, and behavioural finance.

Explore the most significant issues in management theory and practice. You draw out some of the connections and disjunctures between management theory and management practice. You also consider the ethics of managing, and how to balance a business’s priorities with the organisation's wider responsibilities to society and other stakeholders.

How are firms organised? What are the economic implications of this? And how does it affect the markets in which they operate? Develop an understanding of the central concepts of economics, then learn how to apply these principles to economic problems.

This module encourages you to become an active, independent learner, with the ability to reflect on business situations and form your own opinions. We cover areas designed to help you adjust to a university business education so you can perform to your full academic and professional potential. We explore the importance of referencing, constructing a coherent argument and developing writing skills for a variety of purposes, such as academic essays, exams and reports. We develop your analytical skills, critical thinking, presentation and communication skills to help you get the most from your time at university.

Year 2

This module links subject understanding to employability, ensuring you’re prepared to take advantage of graduate opportunities at the point they’re advertised. You gain an understanding of the graduate labour market and recruitment processes, as well as timelines for recruitment and interview and assessment centre techniques. You also learn about options for postgraduate study.

Explore how financial theory can aid financial decision-making in corporations. You discover how to apply the value maximization principle to corporate decisions, such as investment decision, borrowing decisions, and dividend decisions.

Would you play the lottery? Should you buy smartphone insurance? When are car insurance premiums too expensive? This module further examines key concepts in modern finance theory and explores how they help to make better investment decisions. You explore probability concepts and learn how they are used to describe the risks and consequences of financial decisions. You explore how individuals decide whether risks are worth taking and how investment companies use software to minimise financial risks and maximise rewards. You explore important concepts used by investment banks and fund managers, including mean-variance analysis, net present value and pricing models.

Making extensive use of Excel spreadsheets, you use real data to analyse different financial models. Applications will include models of portfolio selection, asset pricing and risk management, as you learn to use basic statistical concepts to test hypotheses relating to financial models.

What is the appropriate measure of risk for a particular security? How might an investor decide on the weightings of different assets in his/her portfolio? How can we identify mispriced stocks? Should you invest your savings in an actively managed fund or in a passive fund? You consider the main theories of risk and return and explore the implications of these theories for investors' decisions.

Extend your knowledge of financial accounting by mastering the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. You investigate the regulation of financial reporting, the function and content of the main published statements, and problems connected with the treatment of taxation, depreciation, and specific aspects of the asset-expense distinction.

Management accounting enables you to provide three key areas of information to any business: costing, decision-making, and planning and control. In this module you focus on costing, but also see how this area overlaps with the other two, as all three areas always interact. You also develop your knowledge and understanding of management accounting and the context in which it operates.

This module aims to give you an insight into UK and EU law. You explore the criminal and civil court structures, contract law, how to apply Legal Method and conduct legal research. You acquire essential information needed to ensure that your business operates within the law and satisfies professional accounting body requirements.

Final year

Gain a thorough understanding of the basic international arbitrage relationships of some basic models of exchange rate determination. You then explore topics in economics such as models of currency crisis, and the South American and East Asian Crisis, and investigate international markets from the perspective of a multinational firm, where topics such as the international cost of capital and foreign direct investment are covered.

Investigate the theoretical foundations of some widely used pricing models for securities traded in financial markets – equities, options and bonds. You gain an understanding of the theoretical foundations of these models so that you can appreciate both the usefulness and/or the weakness of these models.

In this module you study the derivative market, in particular, futures and options markets. You explore various futures markets including the stock index, FX, commodities and interest rate contracts, how they are priced and hedged, and different trading strategies; as well as considering different option positions, the relationship between call and put option prices, and trading strategies.

Master the necessary skills to conduct econometric research. You consider the Ordinary Least Squares (OLS) method and time series analysis, the conditions under which OLS is employable, the pitfalls and caveats when using OLS and performing analyses on time series data using any estimation method, and prediction and forecasting.

This module aims to give you an insight into UK and EU law. You explore the criminal and civil court structures, contract law, how to apply Legal Method and conduct legal research. You acquire essential information needed to ensure that your business operates within the law and satisfies professional accounting body requirements.

Develop your legal knowledge by studying Partnership Law, followed by various aspects of Company Law (including professional negligence), together with the rules of Agency, Insolvency principles, the offence of Insider Dealing and Employment Law.

This module explores the nature, functions and strategic drivers of international banking institutions and markets. You examine the different types of global banking institutions, including commercial, investment, retail, private and offshore financial centres. Topics include international banking activities and services (such as trade finance, loans sales and securitisation), international banking regulation, failures and crises and comparative banking. You also explore current trends and risks affecting international banks.

The (mis)use of financial derivatives can potentially have catastrophic consequences for those who acquire them. And yet in recent years derivatives have become increasingly important, both for the financial sector and for the wider economy. On this course you discover how risk can be managed with the use of derivative instruments.

Teaching

  • Your teaching mainly takes the form of lectures and classes, the latter involving about 20 students
  • You can contribute and interact in lectures through the use of smart technology
  • A typical timetable includes a one-hour lecture and a one-hour class for each of your four modules every week
  • Any language classes involve language laboratory sessions
  • Our classes are run in small groups, so you receive a lot of individual attention

Assessment

  • Your assessed coursework will generally consist of essays, reports, in-class tests, individual or group oral presentations, and small scale research projects

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Qualifications

If you already have your results and want to apply for 2016 entry through Clearing, complete our Clearing application form and we’ll get back in touch with you or give us a ring to discuss your grades.

IELTS entry requirements

English language requirements for applicants whose first language is not English: IELTS 5.5 overall.

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels required. Please note that date restrictions may apply to some English language qualifications.

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Visit us

Clearing Open Day

Tours of our campus and accommodation will be running throughout the day and will be led by our current students, allowing you a real insight into life at Essex. Academics from subjects that had Clearing vacancies at our Colchester Campus will be available in the Ivor Crewe Lecture Hall from 12-2pm to discuss your course with you and answer any burning questions you might have.

You don't need to book before attending the Open Day - just drop-in.

Campus tours

If you're unable to attend the Open Day, you can always come to one of our organised informal tours on Sunday 21 August.

Can't get to Campus?

Don’t worry – our interactive virtual tours and videos allow you to explore our campuses, accommodation and facilities in Colchester and Southend. You can even take a look at our Colchester Campus using Google Streetview.

Applying

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision. There’s no need to call us to apply; just do it all online.

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:

  • BA Multimedia Journalism

The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have.

Further details will be emailed to you if you are shortlisted for interview.

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Although great care is taken in compiling our course details, they are intended for the general guidance of prospective students only. The University reserves the right to make variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses, if such action is reasonably considered to be necessary by the University.

The full procedures, rules and regulations of the University are set out in the Charter, Statues and Ordinances and in the University Regulations, Policy and Procedures.