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BSc Financial Management - in Clearing

Why we're great

  • This course gives you exemptions from some ACCA and CIMA exams.
  • We’re ranked in the UK’s top 20 for finance (NSS, 2016).
  • Essex Business School is an IMC Advantage Partner.

Course options2016-17

UCAS code: N340
Duration: 3 years
Start month: October
Location: Colchester Campus
Based in: Essex Business School
Fee (Home/EU): £9,000
Fee (International): £12,950

UCAS code: N343
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Essex Business School
Fee (Home/EU): £9,000
Fee (International): £12,950

UCAS code: NH40
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Essex Business School
Fee (Home/EU): £9,000
Fee (International): £12,950

Clearing enquiries

Telephone 01206 873666
Email clearing@essex.ac.uk

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About the course

How does financial theory aid business decision making? How does business strategy differ across organisations, cultures and countries?

Dynamic economies need efficient financial sectors. Effective finance organisations require expert managers to guide their operations and support their objectives.

This professionally accredited course combines the study of finance with business management. We use real-life examples to apply financial theory to practice and explore how companies, banks, investors and financial professionals make decisions.

You examine the challenges impacting business strategies across the globe and have access to our virtual trading floor. Here, you can use industry standard Bloomberg data, information and analytics to practise making financial decisions and trading stocks and securities using the same equipment found in many leading financial organisations.

You cover topics including:

  • the nature and role of financial markets
  • corporate finance
  • organisational behaviour
  • business strategy
  • risk management

Your first year also covers topics in marketing, accounting and economics to provide you with a fully-rounded business education. You have the option to tailor your course to your career aspirations by choosing from optional modules in your final year.

Essex is one of just three UK universities to have received Q-Step Affiliate status, including for our BSc Financial Management, to support the way we develop the quantitative skills of our students.

This means we can provide work placement bursaries to develop your skills in evaluating numerical evidence, analysing data and designing research. We also offer the opportunity to follow a specialised degree path, where you graduate with enhanced quantitative skills. These are evidenced on your degree transcript, to help give you the competitive edge in the graduate job market.

We’re ranked in the UK’s top 20 for finance and our finance courses have 91% student satisfaction (NSS, 2016).

This course is taught at Essex Business School, globally renowned for research and ranked in the top 25 in the UK for research excellence (REF 2014). You benefit from highly relevant and engaging course content inspired by cutting-edge thinking to prepare you for a career in financial management.

Essex Business School is an IMC Advantage Partner and this course is aligned to the Investment Management Certificate (IMC) syllabus, the industry’s benchmark entry-level qualification.

BSc Financial Management can also be taken with a study abroad or placement year.

Professional accreditation

Completion of our course provides you with accreditations and exemptions from the following professional bodies:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Chartered Institute of Management Accountants (CIMA)

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

Study abroad

As well as our standard three-year course, we also offer four-year options with either a study abroad year or a work placement. These additional years are offered at no extra tuition fee cost, with the course content otherwise remaining the same as the standard three-year variant.

Making the decision to study abroad can provide you with the opportunity to develop language skills, experience another culture and develop competencies valued by employers, such as flexibility. Our exchange partners are located in the United States, Europe, Canada, Australia, New Zealand, Latin America, the Middle East, Hong Kong and Japan.

Placement year

Alternatively, on a placement year you can gain relevant work experience within an external business. This can give you a competitive edge in the graduate job market and provide you with key contacts within the industry.

The Essex Business School Placements Manager can offer bespoke support throughout the process of researching, applying and interviewing for placements. However, it is your responsibility to apply, prepare for and secure your own role. Our students have gained placements with organisations such as BMW, Samsung and Cummins.

Our expert staff

You learn from leading academics and business practitioners from a variety of backgrounds with expansive research interests. Our finance group is one of the largest and most respected in the UK, with staff joining us from across the globe.

Our staff specialise in areas including:

  • behavioural finance
  • financial bubbles
  • the management of organisational space and architecture
  • psychoanalytics of management

Specialist facilities

Our BSc Financial Management is based at our Colchester Campus.

Our landmark Essex Business School building is the first zero carbon business school in the UK, set around a lush winter garden and an Eden-style dome that provides the building with its own micro-climate.

You benefit from an inspirational learning environment, facilities and services such as:

  • spacious lecture theatres
  • ample areas for group working, including study pods and innovation booths
  • a café with an adjacent sun terrace
  • study skills workshops and resources

Essex Business School in Colchester is located on the Knowledge Gateway, a technology and research park which builds on the University’s reputation for data science and analytics. The site is home to Parkside Office Village, where you may be able to access networking and work experience opportunities with businesses based there.

Your future

A degree from Essex Business School is good for your career; in 2015, 84% of Essex Business School undergraduates and 98.6% of our international (non-UK/EU) undergraduates were in graduate level work or study within six months of graduating (DLHE 2015 leavers). Our graduates work in roles from financial analysis to 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
  • EY
  • AVIVA
  • Bank of England
  • Hiscox
  • John Lewis Partnership

In addition to employability opportunities provided by the School, 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. You also take a career development module as part of your course to further nurture you employability skills.

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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 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

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.

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.

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.

This module builds on your understanding of management, work and organisation, exploring how these concepts have evolved over time and how they are understood now. You look at how management theory relates to organisational practice, examine the social dynamics underpinning the field of organisation studies and analyse some of the most important themes affecting management today.

Gain a more advanced understanding of the international context which helps to shape the strategies and operations of organisations, and explore some of the current issues and challenges facing organisations within the international business environment. In particular, you focus on international political economy, covering the major economic systems in the world, and tracing the historical evolution of the global order.

The business world is increasingly global, complex and fast changing. While some organisations are consistently successful over a long period of time, many fail and are forgotten forever. In theory it should become consecutively easier to imitate the strategies of winning companies and dissipate their profits. In practice, however, only a few firms become long-term leaders. In this course, you explore why that is.

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.

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.

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.

The business world is increasingly global, complex and fast changing. While some organisations are consistently successful over a long period of time, many fail and are forgotten forever. In theory it should become consecutively easier to imitate the strategies of winning companies and dissipate their profits. In practice, however, only a few firms become long-term leaders. In this course, you explore why that is.

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.

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.

What does accounting do and why, and what is done in the name of accounting but might not be accounting? Does accounting enable us to talk or does it erect barriers around issues so that the debate is silenced or limited? Who should make accounting standards? Should it be the state, professional bodies or some private interests? These are some of the key issues facing producers, consumers, and regulators of corporate financial reports.

Explore the links between money, financial intermediaries, financial markets and the policies that affect them. In particular, you examine the effects of monetary policy on financial markets and on the economy as a whole. Gain an understanding of how interest rates, money supply and central bank actions affect the decisions of economic agents, financial markets and prices.

This module introduces you to key concepts, theories and issues in corporate governance. You explore issues of corporate governance regulations, the relationship between accounting and corporate governance, board structure and managerial opportunism, corporate social responsibility and the politics of corporate governance.

Placement

On a placement year you gain relevant work experience within an external business or organisation, giving you a competitive edge in the graduate job market and providing you with key contacts within the industry. The rest of your course remains identical to the three-year degree.

Year abroad

On your year abroad, you have the opportunity to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. The rest of your course remains identical to the three-year degree.

Teaching

  • Teaching includes a combination of lectures, seminars and computer-based lab sessions
  • Modules delivered by experts in the field as well as guest speakers
  • Contribute and interact in lectures through the use of smart technology
  • Lecture presentations and notes are uploaded online beforehand to help you prepare in advance
  • Complete your final-year project in consultation with a personal supervisor

Assessment

  • Assessed through traditional methods of end-of-year exams and multiple choice questions in class tests and essays
  • Plus more innovative and creative assessments include laboratory work, poster presentations, real-business case problems and group presentations
  • Your first year marks do not count towards your final degree

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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 6.0 overall. (Different requirements apply for second year entry.)

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

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

Campus tours

We offer individual tours of our Colchester and Southend Campuses. You’ll be shown around the campus, facilities and accommodation.

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.