Postgraduate Course

MSc Finance and Management

MSc Finance and Management

Overview

The details
Finance and Management
October 2018
Full-time
1 year
Colchester Campus

How can we prevent another financial crisis? What do ethical finance and responsible management look like in practice?

If you’re looking for a career that combines management success and creativity with a deep understanding of the financial world, then our course is for you. We broaden your understanding of these two disciplines and prepare you to face the challenges of working in complex economic, social, political and cultural conditions. By developing a diverse range of financial and management skills, you can graduate as an extremely attractive candidate to employers in a range of financial organisations.

Topics include:

  • corporate finance
  • portfolio management
  • the foundations of marketing
  • management principles

MSc Finance and Management is taught at Essex Business School, acclaimed for research expertise on workplace behaviour, management and finance. You join an internationally diverse school, ranked in the top 25 in the UK for research excellence (REF 2014).

This course is also available to study part-time and you may be able to apply for scholarships and discounts provided by the University of Essex.

Postgraduate loans for Masters courses are now available from the Student Loans Company, worth up to £10,000, for students from the UK and EU.

Why we're great.
  • You are taught by internationally renowned social scientists and management experts
  • We're ranked in the UK's top 25 for research excellence (REF 2014)
  • Our Colchester Campus has the UK’s first zero-carbon business school building

Our expert staff

Our lecturers have presented their work at the Bank of England, the European Central Bank and the Federal Reserve.

Our team form one of the largest finance groups in the UK, with expertise across both academia and industry. Essex Finance Centre organise research seminars that Masters students are welcome to attend.

We have specialists from across the discipline who draw upon a range of social science theories and concepts to ensure this course reflects the breadth of contemporary issues in banking and finance affecting today’s organisations.

We are recognised for being at the forefront of research in:

  • business ethics and corporate social responsibility
  • organisation studies
  • leadership and strategy
  • finance and banking
  • risk management
  • international management

Specialist facilities

Our zero carbon Essex Business School building is the first of its kind in the UK and provides superb learning and socialising facilities.

As well as a lush winter garden and sun terrace, which provide the building’s own micro-climate, you can enjoy our virtual trading floor with industry-standard Bloomberg Financial Market Labs, space for group working, and our Bonds café for meetings and socialising.

Our Essex Business School building is located on the Knowledge Gateway, providing potential networking and career opportunities for students with a host of innovative Small and Medium-Sized Enterprises (SMEs).

Your future

Take the next step towards becoming a business leader of the future with our MSc Finance and Management. We foster your creativity, innovation and ethical awareness so you can meet the challenges of today’s global business world.

A Masters degree from Essex Business School can form the basis of a successful career in financial analysis, management, public administration or accountancy and has inspired many students to go into business themselves. Recent examples include international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP.

Many of our recent graduates work for global organisations and innovative SMEs, including:

  • Tata Steel
  • Cisco Systems
  • Government of Pakistan
  • Yes Bank
  • Jewim Pharmaceutical Inc
  • Capital Markets Intelligence, a financial publisher
  • Credit Data Research, a business funder

The University’s Employability and Careers Centre and our dedicated careers team will help you find out about further work experience, internships, placements, and voluntary opportunities. There is also access to employer talks on campus.

“I’m an Assistant Analyst at the European Bank for Reconstruction and Development (EBRD); I started working here a few weeks after my Masters finished. The dissertation was my favourite part of my course as I chose to explore the diversification benefits of carry trade portfolios; my supervisor and the Essex Business School Student Services team were really helpful and supportive. Essex will always mean ‘family’ to me – my experience taught me the importance of team spirit, mutual help and partnership. I loved the cultural celebrations, like Chinese New Year and the fireworks displays, and the employability guidance has been invaluable.”

Evelina Zerva, MSc Finance and Management (to be awarded 2017)

Entry requirements

UK entry requirements

A 2:2 degree containing at least some (one in each of the two core areas) modules relating to: (see also key modules) Economics or Finance and (ideally) at any stage of study are desired but can be waived if overall mark is high Mathematics or Statistics or Any finance (derivatives, futures, portfolio management)

    Key modules

    Actuarial Science/ Insurance, Asset valuation/pricing, Banking, Business, Corporate Finance, Economics, Finance (NOT Financial Reporting), Financial Economics, Foreign and Exchange Trading, Investment and Securities, Management, Marketing, Mathematics, Organisation theory/behaviour, Political Economy

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here.Please select your country page where you'll find this information.

English language requirements

If English is not your first language, we require IELTS 6.5 overall with a minimum component score of 5.5

Additional Notes

The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.

Structure

Example structure

Most of our courses combine compulsory and optional modules, giving you freedom to pursue your own interests. All of the modules listed below provide an example of what is on offer from the current academic year. Our Programme Specification provides further details of the course structure for the current academic year.

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.

Corporate Finance

This module offers you a standard introduction of the field of corporate finance at postgraduate level. You consider the classical areas of Modigliani-Miller irrelevance, Taxes and capital structure, Trade-off theory and Pecking order theory of capital structure, before exploring the more modern areas, which are essentially based on contract theory.

View Corporate Finance on our Module Directory

Portfolio Management

Understand the process of portfolio management. You cover the main concepts such as efficient diversification, managing risk exposures, and the valuation of financial assets that are at the core of managing investment portfolios, and pay special attention to the practicalities of the implementation of these concepts.

View Portfolio Management on our Module Directory

Dissertation (optional)

Your dissertation is the culmination of your Masters programme, where you apply the knowledge gained on your course to produce an extended independent piece of work. You generate an original idea, analyse literature and current knowledge and produce a coherent argument that shows your ability to relate theory to practice. Your dissertation will help you develop vital skills for the workplace, as well as the ability to analyse real problems through an academic lens. You are assigned a supervisor for the duration of your project.

View Dissertation (optional) on our Module Directory

Managing Across Cultures (optional)

Managers increasingly find themselves working across borders calling for a thorough understanding of issues that relate to cross cultural management. In this course you enhance your understanding of the way in which globalisation and international business activities affect management and management practices across cultures.

View Managing Across Cultures (optional) on our Module Directory

Foundations of Management and Marketing

Investigate the foundations of Management and Marketing through an induction to Essex Business School, with structured introductions to the library resources in the University and the range of learning methods used at post-graduate level, including lectures, classes, independent reading, group research projects, presentations and written assignments.

View Foundations of Management and Marketing on our Module Directory

Management: Principles and Practices

This module introduces key principles and practices in contemporary management and organisational behaviour. You learn through a combination of lectures, group work and individual study and use business case studies to apply theory to real-life situations. You examine some of the most important challenges facing management today and see how these are located in the wider political, social and economic context.

View Management: Principles and Practices on our Module Directory

Postgraduate Mathematics Preparation

This module covers topics in mathematics that are required in Masters-level finance courses at the University of Essex. You focus on the basics of linear algebra, differential calculus including optimisation and dynamics.

View Postgraduate Mathematics Preparation on our Module Directory

Research Methods in Finance: Empirical Methods in Finance

This module equips you with the econometric tools and necessary experience to conduct empirical research in finance. You review statistical and basic econometric models and learn to apply econometric techniques in finance by considering topics such as (G)ARCH models, unit roots and cointegration.

View Research Methods in Finance: Empirical Methods in Finance on our Module Directory

Exchange Rates and International Finance (optional)

Gain an understanding of international arbitrage relationships, models of exchange rate determination, and recent issues and debates in the international finance literature. Learn to describe the basic international parity relationships, to outline some of the basic models of exchange rate determination, and have a good grasp of issues such as the international debt crisis, capital mobility, and the advent of the European single currency.

View Exchange Rates and International Finance (optional) on our Module Directory

Asset Pricing (optional)

Gain a formal introduction to asset pricing theories and empirical findings. You review the fundamental theories of the expected utility, asset pricing kernels, and risk-neutral valuation, covering the Capital Asset Pricing Model (CAPM), and linear factor models arising from the Arbitrage Pricing Theory (APT). You also discuss empirical asset pricing studies.

View Asset Pricing (optional) on our Module Directory

International Environment of Business (optional)

Investigate some of the main topics and issues in international business and global political economy, applying both mainstream and more critical approaches to understanding them. You explore a range of different literatures addressing the business environment in the international context, discovering the historical, economic, cultural and political forces that shape contemporary global capitalism.

View International Environment of Business (optional) on our Module Directory

Risk Management (optional)

The recent financial crisis and credit crunch have demonstrated that risk management was too narrowly defined. In this course you examine the Value at Risk (VAR) measure of financial risk developed in the 1990s, before discussing the new post-crisis Regulatory environment.

View Risk Management (optional) on our Module Directory

Finance Research Techniques Using Matlab (optional)

This module introduces Matlab, software commonly used in financial organisations and academia to model portfolio construction and solve banking and finance challenges. You learn how to use Matlab programming language to solve financial problems. These may include finding optimal portfolio weights, calculating and simulating derivative prices and implied volatilities, and estimating and simulating GARCH models, amongst others.

View Finance Research Techniques Using Matlab (optional) on our Module Directory

Contemporary Issues in HRM (optional)

Develop a critical understanding of the theory and practice of Human Resource Management in domestic and international contexts, as well as an awareness of how Human Resource practices impact both on the individual and wider social structures.

View Contemporary Issues in HRM (optional) on our Module Directory

Modern Banking (optional)

Explore the basics of the structure and environment of banking, and selected aspects of the applied economics of the modern banking firm. You study structure-conduct-performance, competition, bank efficiency, regulation, international banking and bank failures and crises.

View Modern Banking (optional) on our Module Directory

Industry Expert Lectures in Finance (optional)

Taught exclusively by leading industry experts, this module offers you a unique opportunity to appreciate the latest developments and issues faced by leading practitioners in the areas of quantitative finance and risk management.

View Industry Expert Lectures in Finance (optional) on our Module Directory

Research Portfolio (optional)

Develop your understanding of research methods and carry out independent research into organisations in a coherent and structured manner. You explore the key methods and theories needed to identify opportunities for research into organisations, a range of both qualitative and quantitative techniques for data collection and analysis and a case study approach to research presentation and analysis.

View Research Portfolio (optional) on our Module Directory

Teaching

  • Tailor the content of your course to more closely fit your interests and aspirations
  • Courses focus on practical applications and links with industry
  • We run an open seminar series

Assessment

  • Regular assessment is by coursework, presentations, case studies, group work, tests and examinations

Dissertation

  • You submit a 15,000 word dissertation or research portfolio.

Fees and funding

Home/EU fee

£10,710

International fee

£16,750

Fees will increase for each academic year of study.

What's next

Open Days

We hold Open Days for all our applicants throughout the year. Our Colchester Campus events are a great way to find out more about studying at Essex, and give you the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

2018 Open Days (Colchester Campus)

  • Saturday, June 23, 2018

Applying

You can apply for our postgraduate courses online. You’ll need to provide us with your academic qualifications, as well as supporting documents such as transcripts, English language qualifications and certificates. You can find a list of necessary documents online, but please note we won’t be able to process your application until we have everything we need.

There is no application deadline but we recommend that you apply before 1 July for our taught courses starting in October. We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

Colchester Campus

Visit Colchester Campus

We want you to throw yourself in at the deep end, soak up life and make the most of those special Essex moments.

Home to over 13,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

The University makes every effort to ensure that this information on its course finder is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to courses may for example consist of 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. The University will endeavour to keep such changes to a minimum, and will also keep prospective students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

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