Completing an MBA is one way of fast tracking towards the world acclaimed professional qualification in business management CIMA. CIMA, Chartered Institute of Management Accountants UK has introduced an innovative fast-track route for MBA holders to become CIMA qualified – the CIMA Masters Gateway (CMGA). With professionalism at the top of the corporate agenda following on from the global financial crisis, there has never been a more important time for employees to prove their accountability and understanding of business ethics.
This fast track route is a unique offering from the world’s largest professional body of management accountants which trains the business leaders of the future. MBA holders around the world, who are interested in professionalising their CV, can study for one fast-track exam to gain the CIMA Advanced Diploma in Management Accounting qualification and then progress to CIMA’s strategic level. A fee of £600 includes registration, first year subscription fees, the exam and online study packages – see www.cimaglobal.com/cmga for more information. To qualify for the CMGA exam in May 2012, those interested must apply by 31 January.
Robert Jelly, Executive Director of CIMA Education, says:
“MBAs have come in for a rough ride recently –. Everywhere there is a renewed emphasis on professionals who are guided by principles rather than expediency. “Professional qualifications, like CIMA’s, oblige their members to not only study the fundamentals of business ethics but to apply them throughout their careers. Our new fast-track route for MBA holders is a pioneering initiative that offers business managers a chance to gain a professional and competitive edge.”
Speaking on this high value added programme for professionals Bradley Emerson - Regional Director CIMA said “ Sri Lanka division office wished to inform all those interested in obtaining financial assistance to follow this programme that exclusive arrangements have been made with the Commercial Bank of Ceylon and HSBC for loan facilities and that credit card flexible payment plans were also available with 4 banks namely Nations Trust Bank, Sampath Bank , Seylan Bank and Standard Chartered Bank
CIMA (Chartered Institute of Management Accountants) rated as the most sought after qualification for management positions in Sri Lanka ( as per a Ministry of Labour survey 2008) launched an innovative fast track route for MBA holders to become CIMA qualified - the CIMA Master's Gateway (CMGA). With professionalism at the top of the corporate agenda following the global financial crisis, there has never been a more important time for employees to prove their accountability and understanding of business ethics.
This fast track route is a unique offering from the world's largest professional body of management accountants which trains business leaders of the future. MBA holders around the world, who are interested in professionalising their CV, can study for one fast track exam to gain the CIMA Advanced Diploma in Management Accounting qualification and then progress to CIMA's strategic level. A fee of £500 includes registration, first year subscription fees, the exam and online study packages - see www.cimaglobal.com/cmga for more information. To qualify for the CMGA exam in May 2010, those interested must apply by February 26. The following exam session will be in November 2010.
Robert Jelly, Executive Director of CIMA Education, says:
"Professional qualifications, like CIMA, oblige their members to not only study the fundamentals of Management Accounting and business ethics but to apply them throughout their careers. Our new fast-track route for MBA holders is a pioneering initiative that offers business managers a chance to gain a professional and competitive edge."
Speaking on this high value added programme for professionals Bradley Emerson - Regional Director CIMA said
"In Sri Lanka the MBA entry qualification is predominantly a first degree. There are those with professional qualifications who also enter Master's degree programmes. This initiative from CIMA is a clear value addition to professionals to enhance their global portability.
The Chartered Institute of Management Accountants, founded in 1919, is the world's leading and largest professional body of Management Accountants, with 172,000 members and students operating in 165 countries, working at the heart of business. CIMA members and students work in industry, commerce and not-for-profit organisations. CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers' choice when recruiting financially-trained business leaders. Currently CIMA is recognised by CPA - Australia, CMA Canada, ICAEW UK and ACCA for direct membership.
Sri Lanka division office wish to inform all those interested in obtaining financial assistance to follow this programme that exclusive arrangements have been made with the Commercial Bank of Ceylon and HSBC for loan facilities and that credit card flexible payment plans are also available with 4 banks namely Nations Trust Bank, Sampath Bank, Seylan Bank and Standard Chartered Bank"
The degree involves studying courses to the value of 12 units over three years, plus LSE100. You will also have the opportunity to apply for a year abroad at one of our global exchange partners.
In Michaelmas Term of the first year of the programme you will gain an essential foundation in economics and learn the necessary quantitative skills. In Lent Term you will take introductory courses in microeconomics, macroeconomics and econometrics. You will also choose an outside option course from a rich array of courses from other departments – this can be a whole unit course or two half unit courses in Michaelmas Term and Lent Term, respectively. In addition, you will also take LSE100.
Michaelmas Term
Economics (0.5)
Principles economics course to introduce students to traditional and topical economic questions and how both established and new economic approaches can deal with them.
Quantitative Methods (0.5)*
The aim of this course is to develop the basic mathematical tools necessary for further study in economics and related disciplines.
Elementary Statistical Theory (0.5)
The course provides a precise and accurate treatment of introductory probability theory, statistical ideas, methods and techniques.
Outside option
Lent Term
Microeconomics I (0.5)
This course provides a foundation to help students understand key microeconomic questions using a variety of established and new approaches.
Macroeconomics I (0.5)
This course provides a foundation to help students understand key macroeconomic questions using a variety of established and new approaches.
Econometrics I (0.5)
Introduction to econometrics to teach students the theory and practice of empirical research in economics.
Outside option
*Students can opt to take Mathematical Methods (1.0) in place of Quantitative Methods (0.5) and the Lent Term outside option (0.5).
LSE100*
A half unit, running across Michaelmas and Lent Term in the first year, LSE100 is compulsory for all LSE undergraduate students, and is designed to build your capacity to tackle multidimensional problems through research-rich education.
The second year of the programme builds on the Year 1 courses in microeconomics, macroeconomics and econometrics. You will develop a firm grasp of core analytical methods and apply them to a range of problems. You will also choose one outside option from another department (a whole unit or two half units in Michaelmas Term and Lent Term, respectively).
Microeconomics II (1.0)
This intermediate-level course will help students understand key microeconomic questions and challenges and also evaluate possible solutions using a variety of approaches and student projects.
Macroeconomics II (1.0)
This intermediate-level course will help students understand key macroeconomic questions and challenges, and evaluate possible solutions using a variety of approaches and student projects.
Econometrics II (1.0)
Intermediate-level course to teach students the theory of econometrics, the practical problems of empirical research, and how to do empirical research themselves in a student project.
Principles of Finance or optional course (1.0)
In your third year you will have the opportunity to specialise according to your interests.
You will choose one course from three options. You will then take two further economics options. You will also complete a thesis in quantitative economics on a research question of your choosing.
Quantitative Thesis (1.0)
Either
Econometric Theory (1.0))
Gives an introduction to the asymptotic theory of estimation and inference of economic models.
Or
Games and Economic Behaviour (1.0)
Reviews fundamental concepts in economic theory and presents some of its most successful applications.
Or
Problems of Applied Econometrics (1.0)
Provides a solid grounding in exact developments in applied econometrics.
For the most up-to-date list of optional courses please visit the relevant School Calendar page.
Where regulations permit, you may also be able to take a language, literature or linguistics option as part of your degree. Information can be found on the Language Centre webpages.
You must note however that while care has been taken to ensure that this information is up-to-date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.
You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore ensure you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated undergraduate course and programme information page.
The M&A program provides a foundation for executives who are new to M&A and a refresher for those with experience. Being able to engage on the theoretical and strategic nature all the way through to the practical execution and integration was extremely helpful.
- Troy Shay, President & Chief Commercial Officer, Weber Stephen Products LLC
I like the course very much because it is well organized: great structure and content, excellent faculties who have great real-world experiences and are good at teaching, and Chicago Booth staff are supportive and helpful every day. I not only learned about the fundamentals in the quantitative parts but also pragmatic strategic framework that I can bring back to my work everyday.
- Haipeng Chen, Sr. Director, Corporate Development and Business Knowledge, Chiesi USA, Inc.
This is a great program for anyone working with M&A. Very well-rounded course materials and lectures. Very practical concepts and tools that can be put to use in my daily work. Great balance of classroom time and small group break-away time to help practice the concepts.
- Mike Huray, CFO, Lutheran Social Services of Minnesota
Well designed program packed with quality content and delivered efficiently. Inspiring faculty.”
- Suresh Vaidhyanathan, Group Chief Financial Officer, GA Group
The learning and networking experienced during the M&A Program at Chicago Booth has been invaluable for my career. The Chicago Booth program provides a broad range of cases and tools that I have been using on a daily basis.
- Gabriel Gosalvez T, Senior Manager, Deloitte LLP
The tenor and pace of the class, the very relevant and up-to-date materials, and most importantly the very diverse global make-up of the participants and teachers made my entire experience at Booth an exceptional week. I have recommended multiple courses to my colleagues and associates and plan to attend more courses relevant to my job in the future. I have stayed in contact with several of my classmates and intend to continue to do so in the future.
- Tom Heiser, Vice President & General Manager, Hitachi High Technologies America, Systems Products Division & New Business Development
The Chicago Booth M&A program was excellent and provided many insights which I now apply in my day-to-day work. The faculty was highly rich in industry experience and used case studies to elaborate principles. I believe this M&A program is one of the most practical and professional available for senior leaders to Boost their competencies around M&A. I do not hesitate to recommend this program to any participant who wants to Boost his/her knowledge of M&A.
- Sanjeewa Samaranayake, CFO, Group Finance, Hemas Holdings Plc
The Chicago Booth M&A program is ideal for practitioners involved in any facet of a transaction. I benefited from the quantitative evaluation of a deal, its tax implications, and approaches to ensuring a successful integration.
- Girish Rishi, Executive Vice President, Tyco
The program invigorated me. Quality of the professors was fantastic with real world experience that I valued. I really feel the content will help me tremendously in my day-to-day.
- David Bethoney, Senior Finance Director, Experian
The class afforded me the opportunity to see how the financial team views M&A as well as get more comfortable with their terminology. I appreciate the tools I’ve received to focus and hone my financial and business teams in our M&A activities.
- Adelle Mize, VP, Associate General Counsel, Freeman
It's been my experience that most of us involved in deal making tend toward the bias that purchase price and precise valuation outweigh all other components of the deal. This class has changed my thinking to be more balanced and given me tools to prove that strategy and integration are equally or more important than valuation in creating value.
- Tyler Jones, Business Development Manager, Performance Technologies, LLC
Great use of strategy and self-reflection, which drive M&A decisions, coupled with which tools can advantage you once you have made the decision to proceed.
- Chris Chrisafides, Sr. Commercial Director, The Dow Chemical Company
I was hesitant to return to academia, even for a week, but I found the course to be interesting, relevant, and highly collaborative. I would recommend it to colleagues.
- Valerie Matena, Senior Analyst, M&A, The Babcock & Wilcox Company
Such a great program that covers the essentials of strategy, valuation, tax, and integration. An absolute must for successful M&A execution.
- Rob Vassel, Director of Business Development, The Clorox Company
The course 110% met my expectations. It was very well done with the big picture always in mind. It was well worth the financial and time investment.
- Christopher Alsip, Director of Strategic Planning, Tyson Foods, Inc.
Overall I am extremely satisfied and enthusiastic about the experience. The quality of the faculty (and overall program management) is extremely high. I hope to be back soon for other programs. This course gave me a consolidated view of the M&A process and put all the pieces of the puzzle together in a very practical and pragmatic way. This week exceeded my expectations. Thank you.
- Denis Jaquenoud, Vice President of Operations, Richemont North America
This unique programme offers you the ability to advance your accounting career as well as acquire practical analytics skills.
Qualified accountants are always in high demand and the profession provides excellent employability and earning prospects. The MSc International Accounting with Analytics offers you the ability to advance your accounting career as well as acquiring practical analytics skills essential to the accounting profession.
This programme is designed for business and accounting graduates to combine study for a Master’s degree, while also gaining exemptions from professional examinations and gaining an understanding of and expertise in accounting and business analytics.
The programme is informed and shaped by the needs of the accounting, finance and taxation professionals of tomorrow. The programme encourages critical and creative thinking, teamwork and communication, and develops a diverse range of professional attributes which equip graduates to excel in the accounting profession and to become the business leaders of the future.
Significant exemptions from the Chartered Accountants Ireland examinations will be available on completion. Graduates of the MSc should be granted full exemption from their CAP2 examinations and therefore have only two final admitting examinations to complete after graduation.
Part-time
Learning and Teaching
The range of modules offered on this course allows a varied and interesting mix of methods to be used, to enhance knowledge and understanding as well as allowing you to practice and develop your professional and transferable skills.
For each module on this course you will have weekly lectures and seminars. Lectures are used to explain and develop the skills identified as being important to you in developing your professional and personal development within the subject areas. Lectures provide the framework for directing independent student learning activity and skills development. Weekly seminars will provide opportunities for you to engage in an in-depth appreciation of theoretical and practical issues related to the subject area. A number of modules will utilise the simulation suite available on campus to enhance your learning experience. In addition, a number of modules involve small group teaching in a workshop format.
Assessment
Considerable effort has been devoted to ensuring that the assessment requirements built into each module on this course are appropriate to the learning outcomes, qualities and abilities being assessed. Assessment methods range from class tests, essays, business reports, group projects and practical skills audits, a variety of group and individual presentations incorporating self and peer assessment, practical simulations, case study applications, reflective portfolios, on-line assessment, class tests, management reports, projects and work-based assignments and unseen end of semester examinations.
The content for each course is summarised on the relevant course page, along with an overview of the modules that make up the course.
Each course is approved by the University and meets the expectations of:
As part of your course induction, you will be provided with details of the organisation and management of the course, including attendance and assessment requirements - usually in the form of a timetable. For full-time courses, the precise timetable for each semester is not confirmed until near the start date and may be subject to change in the early weeks as all courses settle into their planned patterns. For part-time courses which require attendance on particular days and times, an expectation of the days of attendance will often be included in the letter of offer. A course handbook is also made available.
Courses comprise modules for which the notional effort involved is indicated by its credit rating. Each credit point represents 10 hours of student effort. Undergraduate courses typically contain 10- or 20-credit modules and postgraduate course typically 15- or 30-credit modules.
The normal study load expectation for an undergraduate full-time course of study in the standard academic year is 120 credit points. This amounts to around 36-42 hours of expected teaching and learning per week, inclusive of attendance requirements for lectures, seminars, tutorials, practical work, fieldwork or other scheduled classes, private study, and assessment. Part-time study load is the same as full-time pro-rata, with each credit point representing 10 hours of student effort.
Postgraduate Masters courses typically comprise 180 credits, taken in three semesters when studied full-time. A Postgraduate Certificate (PGCert) comprises 60 credits and can usually be completed on a part-time basis in one year. A 120-credit Postgraduate Diploma (PGDip) can usually be completed on a part-time basis in two years.
Class contact times vary by course and type of module. Typically, for a module predominantly delivered through lectures you can expect at least 3 contact hours per week (lectures/seminars/tutorials). Laboratory classes often require a greater intensity of attendance in blocks. Some modules may combine lecture and laboratory. The precise model will depend on the course you apply for and may be subject to change from year to year for quality or enhancement reasons. Prospective students will be consulted about any significant changes.
Assessment methods vary and are defined explicitly in each module. Assessment can be via one method or a combination e.g. examination and coursework . Assessment is designed to assess your achievement of the module’s stated learning outcomes. You can expect to receive timely feedback on all coursework assessment. The precise assessment will depend on the module and may be subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.
Coursework can take many forms, for example: essay, report, seminar paper, test, presentation, dissertation, design, artefacts, portfolio, journal, group work. The precise form and combination of assessment will depend on the course you apply for and the module. Details will be made available in advance through induction, the course handbook, the module specification and the assessment timetable. The details are subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.
Normally, a module will have four learning outcomes, and no more than two items of assessment. An item of assessment can comprise more than one task. The notional workload and the equivalence across types of assessment is standardised.
The class of Honours awarded in Bachelor’s degrees is usually determined by calculation of an aggregate mark based on performance across the modules at Levels 5 and 6 (which correspond to the second and third year of full-time attendance).
Level 6 modules contribute 70% of the aggregate mark and Level 5 contributes 30% to the calculation of the class of the award. Classification of integrated Masters degrees with Honours include a Level 7 component. The calculation in this case is: 50% Level 7, 30% Level 6, 20% Level 5. At least half the Level 5 modules must be studied at the University for Level 5 to be included in the calculation of the class.
All other qualifications have an overall grade determined by results in modules from the final level of study. In Masters degrees of more than 200 credit points the final 120 points usually determine the overall grading.
Figures correct for academic year 2019-2020.
The Department of Global Business and Enterprise has strong ties with the major professional accountancy and taxation bodies including:
All accounting staff in the department are members of professional accountancy bodies with a number of lecturers also having obtained additional qualifications in areas such as taxation and financial services. Many staff have trained and worked in the Big Four professional services firms as well as having experience advising within small and medium sized practices and in industry.
All lecturing staff within the Department of Global Business and Enterprise are Fellows/Senior Fellows of the Higher Education Academy.
The University employs over 1,000 suitably qualified and experienced academic staff - 59% have PhDs in their subject field and many have professional body recognition.
Courses are taught by staff who are Professors (25%), Readers, Senior Lecturers (20%) or Lecturers (55%).
We require most academic staff to be qualified to teach in higher education: 82% hold either Postgraduate Certificates in Higher Education Practice or higher. Most academic staff (81%) are accredited fellows of the Higher Education Academy (HEA) by Advanced HE - the university sector professional body for teaching and learning. Many academic and technical staff hold other professional body designations related to their subject or scholarly practice.
The profiles of many academic staff can be found on the University’s departmental websites and deliver a detailed insight into the range of staffing and expertise. The precise staffing for a course will depend on the department(s) involved and the availability and management of staff. This is subject to change annually and is confirmed in the timetable issued at the start of the course.
Occasionally, teaching may be supplemented by suitably qualified part-time staff (usually qualified researchers) and specialist guest lecturers. In these cases, all staff are inducted, mostly through our staff development programme ‘First Steps to Teaching’. In some cases, usually for provision in one of our out-centres, Recognised University Teachers are involved, supported by the University in suitable professional development for teaching.
Figures correct for academic year 2021-2022.
Here is a guide to the subjects studied on this course.
Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.
Year: 1
Status: C
This module explores the legislation and practice governing the income tax, capital gains tax, inheritance tax and stamp tax exposure of an individual within the scope of UK taxation. It also explores the taxation implications for a corporate entity from a corporation tax, capital tax and stamp tax perspective. The scope, legislation and practice for VAT is also explored for both business and property transactions.
Year: 1
Status: C
This module explores the concepts underlying financial accounting, current regulations and how these concepts inform regulation including the preparation of internal and external financial reports.
Year: 1
Status: C
This module covers key concepts, principles and theories in strategic finance and will be of particular relevance to professionals either employed or seeking employment in medium and large sized entities. Key courses will include financial strategy formulation, investment decision making, financing sources, dividend policy, company valuation, mergers and acquisitions and financial risk management.
Year: 1
Status: C
This module covers key concepts, principles and theories in strategic management accounting and will be of particular relevance to professionals either employed or seeking employment in medium and large sized entities. Key courses will include frameworks /for performance management, performance management decisions, IT and data analytics, behavioural aspects of budgeting, approaches to budgeting, budgetary control, variance analysis, divisional performance measures and ethics, transfer pricing and corporate governance.
Year: 1
Status: C
This module provides students with knowledge and understanding of the research process in the broad area of international accounting, finance and analytics. It will equip students with an in depth understanding and ability to develop a research question, undertake a critical literature review, and identify a justifiable research methodology to match the research question.
Year: 2
Status: C
The aim of this module is to develop students' appreciation of strategic leadership in accounting, in an international context. The module will emphasise the role of high level financial techniques, technology and analytics in leading strategic change within an organisation.
Year: 2
Status: C
This module explores the conceptual and theoretical fundamentals of auditing, combined with the practical application of auditing principles and the issues encountered in the international audit environment. The use of data analytics and emerging technologies are also explored for the conduct of the audit.
Year: 2
Status: C
This module is designed to introduce the student to the role of data analysis, data visualisation and reporting using within accountancy and business. The module will provide students with the skills and know to work with data and apply data analysis techniques to inform client management strategies, business advisory approaches and reporting.
Year: 2
Status: C
This module explores the financial accounting legislation and regulations, including IFRS and local GAAP, needed for the practical preparation of financial statements for groups. The module also explores the legislation, procedures and practice governing the most common aspects of UK corporation tax for UK companies and multinational groups operating in the UK.
Status: O
Year: 2
This module is optional
The master's dissertation enables students to carry out research on a chosen Topic within the field of international accounting, finance or analytics. Students will gain an in depth understanding of the academic research process. Completing the dissertation enables the student to build on the knowledge and skills gained throughout their masters programme, to produce a major piece of academic writing.
Status: O
Year: 2
This module is optional
The applied research project module provides students with the skills to apply their technical knowledge and capabilities to research an opportunity, problem or challenge in an organisation in the area of international accounting, finance and/or analytics and come up with an effective solution for the organisation. The module integrates the knowledge gained throughout the programme so that students can critical apply financial, analytical and technical skills to a research project.
We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.
Applicants must be able to satisfy the University's general admissions requirements in one of the following ways:
Applicants must:
(a) have gained
(i) a second class honours degree in an accounting discipline or better from a university of the United Kingdom or the Republic of Ireland, or from a recognised national awarding body, or from an institution of another country which has been recognised as being of an equivalent standard; or
(ii) an equivalent standard (normally 50%) in an accounting discipline in a Graduate Diploma, Graduate Certificate, Postgraduate Certificate or Postgraduate Diploma or an approved alternative qualification;
and
(b) gained CAP 1 chartered accounting examinations
and
(c) provide evidence of competence in written and spoken English (GCSE grade C or equivalent).
Alternatively, applicants must demonstrate their ability to undertake the course through the accreditation of prior experiential learning.
English language requirements for international applicants
The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.
Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.
Accounting specialists with knowledge of accounting, finance and the business environment are always in great demand. The combination of subjects you will study on this course will provide you with a sound basis to become a future business leader. The knowledge you will acquire will enable you to work in any industry sector and across all areas of business including financial reporting, accounting, finance, taxation or management in public, private or not-for-profit organisations.
The analytics element of the programme is essential to prepare graduates for their professional career by enabling them to ‘add value’ to the business decision making processes within an organisation or for a client business. Graduates will gain practical understanding of and expertise in the use of analytics tools to enable them to help businesses uncover valuable insights within financial information, identify process improvements to help businesses increase efficiency, and to ensure the better management of exposure to risk.
Due to the exemptions available, you will also be a step ahead in your professional accountancy training. On successful completion of this course, you will only be required to undertake a three year training contract and will only have two more examinations to undertake to become a Chartered Accountant.
Fees illustrated are based on academic year 22/23 entry and are subject to an annual increase.
If your study continues into future academic years your fees are subject to an annual increase. Please take this into consideration when you estimate your total fees for a degree.
Additional mandatory costs are highlighted where they are known in advance. There are other costs associated with university study.
Visit our Fees pages for full details of fees.
Correct at the time of publishing. Terms and conditions apply.
The price of your overall programme will be determined by the number of credit points that you initiate in the relevant academic year.
For modules commenced in the academic year 2022/23, the following fees apply:
| Credit Points | NI/ROI/GB Cost | International Cost |
|---|---|---|
| 5 | £220.55 | £426.65 |
| 10 | £441.10 | £853.30 |
| 15 | £661.65 | £1,279.95 |
| 20 | £882.20 | £1,706.60 |
| 30 | £1,323.30 | £2,559.90 |
| 60 | £2,646.60 | £5,119.80 |
| 120 | £5,293.20 | £10,239.60 |
| 180 | £7,939.80 | £15,359.40 |
NB: A standard full-time PGCert is equivalent to 60 credit points per year. A standard full-time PGDip is equivalent to 120 credit points per year.
It is important to remember that costs associated with accommodation, travel (including car parking charges) and normal living will need to be covered in addition to tuition fees.
Where a course has additional mandatory expenses (in addition to tuition fees) we make every effort to highlight them above. We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals, as well as first-class facilities and IT equipment. Computer suites and free Wi-Fi are also available on each of the campuses.
There are additional fees for graduation ceremonies, examination resits and library fines.
Students choosing a period of paid work placement or study abroad as a part of their course should be aware that there may be additional travel and living costs, as well as tuition fees.
See the tuition fees on our student guide for most up to date costs.
Applicants who have been in local authority care for more than three months or have refugee status may be eligible for an offer two grades below the standard requirements.
36 points overall. 6,6,6 in Higher Level subjects.
Students without GCSE/iGCSE Maths at grade A (or 7) will need to achieve 6 in any one of the following SL subjects; Maths, Maths: Analysis and Approaches or Maths: Applications and Interpretation. Alternatively we can accept grade 6 in Middle Years Programme Maths. We do not accept Maths Studies for BSc (Hons) Accounting applicants for the purposes of meeting our Maths subject requirements.
Students without GCSE/iGCSE English Language at B (or 6) will need to achieve 5 in SL Language A: English Language and Literature or Language A: Literature. If Language B: English is offered at SL we would need you to achieve a 6.
Applicants studying the International Baccalaureate Career Related Programme (IBCP) should contact the academic School prior to applying so that their academic profile can be considered.
492 applications for 53 places (2020 entry)
This unique, professionally-oriented course has been designed alongside the Institute of Chartered Accountants in England and Wales (ICAEW) Undergraduate Partnership Programme (UPP).
It will provide you with a fast track to an accountancy qualification and the four-year degree offers you the opportunity of a full-year paid work placement in your third year of study.
We're continuously reviewing all of our recruitment events on campus, and now offer a blend of in-person and virtual activities.
If you're a prospective student, you can also find out more about student life by chatting with our student ambassadors at a time that suits you, and ask any questions you may have about life at Manchester.
Please check our Coronavirus FAQs for the most up to date information regarding events.
You can also look at our virtual open day content to help you learn more about the University.
Tuition fees for home students commencing their studies in September 2022 will be £9,250 per annum. Tuition fees for international students will be £26,000 per annum. For general information please see the undergraduate finance pages.
All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).
In addition, Alliance MBS will award a range of Social Responsibility Scholarships to UK and international/EU students. These awards are worth £2,000 per year across three years of study. You must achieve A*AA at A-level (or equivalent qualification) and be able to demonstrate a significant contribution and commitment to social responsibility. The School will also award a number of International Stellar Scholarships to international students achieving A*AA at A-level (or equivalent qualification). Additional eligibility criteria apply - please see our scholarship pages for full details.
Use the links below to view lists of courses in related subject areas.
Grades AAA. Native language A-Levels are accepted. General Studies is normally accepted if one of four A-Levels passed in the same sitting. In most circumstances we will expect candidates to complete three A-Levels in one sitting to demonstrate the ability to manage a high level and volume of study.
Preferred A-Level subjects
We will consider the subjects you have taken in addition to your individual grades. Due to the popularity of our courses we may prioritise applicants based on the number of preferred subjects that they are studying. We may also take into consideration the combination of subjects taken. Please use the list below to check our preferred subjects for BSc (Hons) Accounting:
Accounting, Business Studies, Economics, English Language/Literature, Geography, Government and Politics, Law, Mathematics/Further Mathematics, Politics, Quantitative Methods and Statistics.
AS level results are not considered as part of the standard admissions process at The University of Manchester.
The University of Manchester welcomes the provision of unit information where available. Like all other information provided by applicants this may be taken into consideration when assessing your application. Unit grades will not normally form part of an offer conditions.
Applicants must demonstrate a broad general education including acceptable levels of Literacy and Numeracy, equivalent to at least Grade B or 6 in GCSE/iGCSE English Language and Grade A or 7 in Mathematics. GCSE/iGCSE English Literature will not be accepted in lieu of GCSE/iGCSE English Language.
Please note that if you hold English as a second language iGCSE qualification, we require you to achieve a higher grade in your iGCSE than the one stated above or to offer one of our acceptable equivalent qualifications .
36 points overall. 6,6,6 in Higher Level subjects.
Students without GCSE/iGCSE Maths at grade A (or 7) will need to achieve 6 in any one of the following SL subjects; Maths, Maths: Analysis and Approaches or Maths: Applications and Interpretation. Alternatively we can accept grade 6 in Middle Years Programme Maths. We do not accept Maths Studies for BSc (Hons) Accounting applicants for the purposes of meeting our Maths subject requirements.
Students without GCSE/iGCSE English Language at B (or 6) will need to achieve 5 in SL Language A: English Language and Literature or Language A: Literature. If Language B: English is offered at SL we would need you to achieve a 6.
Applicants studying the International Baccalaureate Career Related Programme (IBCP) should contact the academic School prior to applying so that their academic profile can be considered.
Scottish Advanced Highers are normally required in one of the following combinations:
Students without Maths as one of their Higher or Advanced level subjects in the above requirements will need either; National 5 at grade A, Intermediate 2 at grade A or Standard Grade General at grade 2. Students without English language as one of their Higher or Advanced level subjects in the above requirements will need either; National 5 at grade B, Intermediate 2 at grade B or Standard Grade General at grade 3.
We will consider the subjects you have taken in addition to your individual grades. Due to the popularity of our courses we may prioritise applicants based on the number of preferred subjects that they are studying. We may also take into consideration the combination of subjects taken. Please check the individual course profile pages for our list of preferred subjects, you can find this under 'Entry Requirements' and 'Preferred A-Level subjects'. Our preferred Scottish Higher/Advanced Higher subjects are the same as our preferred A-Level subjects.
If you require further clarification about the acceptability of this qualification please contact the academic School(s) you plan to apply to.
The University of Manchester welcomes applicants with the European Baccalaureate. We require an overall average of 85% in the European Baccalaureate with 80% in English and 83% in Maths.
In making offers, the University will focus on the three A Levels taken within the AQA Baccalaureate. Students need to check the standard A Level requirements for their chosen course.
The units of broader study, enrichment activities and the Extended Project are considered to be valuable elements of the AQA Baccalaureate and we would therefore strongly encourage students to draw upon these experiences within their personal statement.
The University recognises a number of foundation programmes as suitable for entry to this undergraduate programme - please visit the international foundation year pages of our website for details of recognised programmes, including INTO Manchester and NCUK.
We consider the following BTEC Nationals for entry provided you have studied a subject relevant to the chosen course. Please contact us at ug.ambs@manchester.ac.uk if you wish to check your eligibility.
Please note, we do not accept General Studies as an A-Level option and we do not accept A-Level subjects which are the same as your BTEC qualification.
Please note, the National Diploma and the National Extended Certificate must be studied alongside A-Levels. We are unable to accept combinations of the BTEC qualification.
Legacy BTEC qualifications (pre-2016)
The University of Manchester welcomes applications from students who have achieved legacy BTEC qualifications (pre-2016) such as the BTEC Extended Diploma, BTEC Diploma, BTEC Subsidiary Diploma, and BTEC Certificate. The grades required are likely to be the same or vary similar to the new BTEC qualifications (first teaching 2016, awarded 2018). Please contact us at ug.ambs@manchester.ac.uk if you wish to check your eligibility.
We consider the following Cambridge Technical qualifications from the 2016 suite for entry provided it is in a subject relevant to the chosen course and studied alongside A-Levels. Please contact us at ug.ambs@manchester.ac.uk if you wish to check your eligibility.
Please note, we do not accept the Cambridge Technical Certificate or Cambridge Technical qualifications from the 2012 suite.
We require a QAA-recognised Access to HE Diploma. The subject of your Access to HE qualification will be taken into consideration when making a decision on your application. Please note, we only accept the Access to HE qualification when studied at a centre in the UK.
60 credits are required with 45 credits at Level 3 at Distinction.
We consider applicants offering Pre-U Principal subjects, or a mix of Pre-U and A Level subjects, provided a minimum of three distinct subjects overall is taken. We consider the below combinations.
Please contact us at ug.ambs@manchester.ac.uk if you wish to check your eligibility.
The University recognises the benefits of the Extended Project Qualification (EPQ) and the opportunities it provides for applicants to develop independent study and research skills. Although the Extended Project will not be included in the conditions of your offer, we strongly encourage you to provide information about the EPQ in your personal statement and at interview. A number of our academic Schools may also choose to take your performance in the EPQ into account should places be available in August for applicants who narrowly miss the entry grades for their chosen course.
The University welcomes and recognises the value of Level 3 core mathematics qualifications (e.g. AQA Certificate in Mathematical Studies).
Core Mathematics is not a compulsory element of post-16 study and as a result we will not normally include it in the conditions of any offer made to the student. However, if a student chooses to undertake a core mathematics qualification this may be taken into account when we consider their application, particularly for certain non-science courses with a distinct mathematical or statistical element.
We advise students to contact the academic School, who will clarify whether their specific portfolio of qualifications is acceptable for entry on to their chosen course.
If you are a student who has followed a non-standard educational route, e.g. you have been educated at home; your application will be considered against the standard entry criteria of the course for which you are applying. You will be required to demonstrate that you meet the specified academic entry requirements of the course. We will also require a reference from somebody who knows you well enough, in an official capacity, to write about you and your suitability for higher education. If you are a home schooled student and would like further information or advice please contact the academic School for your chosen course who will be able to help you.
Mature students are some of our most well-equipped learners, bringing skills and attributes gained from work, family and other life experiences. Students come from a whole array of backgrounds, study every kind of course, undertake full-time and part-time learning and are motivated by career intentions as well as personal interest. There is no such thing as a typical mature student at Manchester. The application process is the same as for other prospective undergraduates. If you require further clarification about the acceptability of the qualifications you hold please contact the academic School(s) you plan to apply to.
All applicants to the University (from the UK and Overseas) are required to show evidence of English Language proficiency. The minimum English Language requirement for this course is either:
For details on acceptable equivalent qualifications to this course please see Alliance Manchester Business School's English Language information page .
If you hold English as a second language iGCSE qualification, we require you to achieve a higher grade in your iGCSE than the one stated above or to offer one of our acceptable equivalent qualifications.
The UK Visas and Immigration (UKVI) requires that every student from outside the UK and the EU must show evidence of a minimum level of English Language in order to be granted a UK visa (Tier 4 visa) to study at undergraduate or postgraduate level. This level is often referred to as the 'B2 level'. At Alliance Manchester Business School we require a higher English Language proficiency than the B2 level. Further information about the English Language policy at the University can be found here . Details on acceptable English Language tests to this course can be found on Alliance Manchester Business School's English Language information page .
Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.
Work-related experience is not essential but can provide useful evidence of your team-working skills and ability to take responsibility. Relevant work experience can provide evidence of interest in and commitment to the subject.
Mitigating circumstances may be personal or family illness, other family circumstances, change of teachers during a course, problems with school facilities or an unusual curriculum followed by your school or college. We recommend that information on mitigating circumstances that have affected or are likely to affect your academic performance will be included in the referee's report. We cannot usually take into account information that is supplied after an adverse decision has been made on an application by the admitting School. If you encounter mitigating circumstances after you have submitted your application, please inform the admissions staff in the School to which you applied as soon as possible.
Where mitigating circumstances have already been taken into account, for example by the relevant exam board, we will not be able to make further allowances.
Unit grade
The University of Manchester welcomes the provision of unit grade information which, like all other available information, will form the consideration of application.
A*
Alliance Manchester Business School does not issue offers on the Grade A* as standard practice. It may however be taken into account at the point of confirmation to inform decisions on candidates who have narrowly missed the terms of their offer.
A-levels in a native or heritage language
We consider applications holistically taking into consideration the overall educational environment. Where native langue A levels are offered we will consider them in line with other subjects that the student has undertaken.
Predicted Grades
Strong examination results are the main factor in admitting students to our courses. We consider other information to ensure we admit students with the most outstanding potential. This is assessed within a structured framework and includes prior and predicted grades. Your referee should deliver realistic grade predications for all qualifications that you are currently studying at the top of their reference. If you attend a non-UK school or college that does not provide predicted grades your referee should explain this policy within their reference. Further guidance for referees is provided by UCAS (www.ucas.com).
We are looking for evidence of your interest in this subject, and your commitment to studying it.
We do not as a rule interview applicants. However, we reserve the right to interview candidates with non-standard backgrounds, eg. Mature students and students aged under 17.
The University encourages applications from applicants returning to education after employment or other experience. Your application will be considered against the standard entry criteria of the course to which you applied. However, we recognise that standard selection measures and procedures may not enable you to demonstrate fully your suitability for your chosen course. Where appropriate, admissions staff will seek and consider alternative evidence in order to deliver you equivalent consideration. Where they deem this alternative evidence to meet entry criteria fully, you will not be required to meet the standard academic entry requirements.
Alliance MBS is a truly global business school welcoming undergraduate students from over 68 countries. Please see our international entry requirements for details of country-specific entry requirements.
Applications for deferred entry are considered equally to other applications up to the point of confirmation. Deferred entry is granted on the discretion of admissions staff, and is normally granted for one year only and 2 years at the maximum. Some English Language test results, such as IELTS or TOEFL, are only valid for two years from the test date.
We consider applicants who are resitting their qualifications. Whilst we do not increase our entry requirements for the first resit this would be considered for subsequent resits.
In most circumstances, we will expect candidates to have completed three A-levels in one sitting to demonstrate that they have the ability to successfully manage a high level and volume of study that will be expected of them once at university.
If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course. If you are applying for a place for the same year of entry through UCAS Extra, you should provide additional evidence of your suitability for the course. If you are applying through clearing you are required to meet the clearing requirements. In both UCAS Extra and clearing the places will be subject to availability.
We are unable to accept any transfers directly into the second or third year due to the assessment and study options followed by our first year students at Alliance Manchester Business School. All undergraduate degree programmes at Alliance Manchester Business School are full degree programmes with a September start and students must commence the programme from year one and meet our entry criteria.
If you are currently studying at The University of Manchester on an alternative course, and wish to transfer to first year study at Alliance Manchester Business School, please contact ug.ambs@manchester.ac.uk to check your eligibility.
This unique, professionally-oriented course has been designed alongside the Institute of Chartered Accountants in England and Wales (ICAEW) Undergraduate Partnership Programme (UPP).
It will provide you with a fast track to an accountancy qualification and the four-year degree offers you the opportunity of a full-year paid work placement in your third year of study.
The ICAEW hold networking events at Alliance Manchester Business School which provide you with the opportunity to meet companies who offer internships through the UPP, such as Ernst & Young, Goldman Sachs, Grant Thornton, Mazars and PwC.
The course integrates study of the theory and practice of accounting, and offers significant exemptions from the examinations of professional accountancy bodies, particularly those of the ICAEW. You could gain exemptions from ICAEW ACA papers and qualify as a chartered accountant two years after graduation.
You will be taught by staff who are leading researchers in their fields, some of whom are also qualified accountants.
You will normally study four or five course units per semester. Each week there are usually two hours of lectures for each course unit and a one hour workshop in alternate weeks, although this varies slightly. You are expected to double this in private study. Group work and group or individual presentations will form a regular part of your assignments.
Essays, multiple choice tests, project reports and presentations, in-class tests and weekly assignments constitute the coursework component of assessment, although the nature and proportion of coursework varies across course units. The remainder of assessment is by unseen examination. Depending on the degree course, in your final year you can choose to do a research-based dissertation or project. We aim to strike a balance between examinations and assessed coursework as well as providing opportunities for feedback on progress through non-assessed work.
The focus of the degree is on accounting and finance. Other relevant subjects such as management, law, mathematics, statistics and economics are also covered. There is some scope for you to study related subjects to broaden your knowledge of business and management, subject to the requirements of professional accreditation. You will receive a strong theoretical and practical grounding in the principles of accounting and acquire appropriate transferable skills.
Your first year is designed to introduce you to the foundations of accounting and finance. You will also study course units in mathematics, statistics, economics and law. A specialist course unit will introduce you to the skills and techniques required by the accountancy profession and will begin to prepare you for the workplace. Your first year project involves you preparing a competitive tender for an audit with support from employers such as KPMG*.
* Beever Struthers, RSM and PWC.
The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.
Your second year will develop your analytical skills and deliver you a more in-depth understanding of accounting. You will take core course units in accounting and finance, plus a ten-credit business law course unit. You will develop your understanding of business strategy, accounting and auditing practice through a specialist course unit.
You will also select an optional 10-credit course unit - either from the list of optional second-year course units below, or from a range of University College level 2 course units, including the Manchester Leadership Programme .
The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.
Your final year is designed to allow you to choose from a range of more specialised topics. You will put theory into practice, develop transferable skills and gain an insight into the accounting profession. You will also study a core 40 credit project course unit involving an individual company project. You will continue your studies in business law and take core course units in taxation, accounting and finance. Your remaining course units will be chosen from a range of accounting, finance, economics or management subjects.
The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.
In addition, Alliance MBS will award a range of Social Responsibility Scholarships to UK and international/EU students. These awards are worth £2,000 per year across three years of study. You must achieve A*AA at A-level (or equivalent qualification) and be able to demonstrate a significant contribution and commitment to social responsibility. The School will also award a number of International Stellar Scholarships to international students achieving A*AA at A-level (or equivalent qualification). Additional eligibility criteria apply - please see our scholarship pages for full details.
'I chose this course because it was different to anything on offer elsewhere. I was really excited by the opportunity to spend a year out between my second and final year in an internship with a high-calibre accountancy firm - I will be joining KPMG's audit department in Canary Wharf. Interns in big four accountancy firms don't just make the tea; I expect to be given the same jobs as a first year graduate recruit.'
- Andrew Simner
'As an aspiring accountant this course seemed perfectly geared towards my career. My course allows me to receive maximum exemptions from professional accounting exams, enabling me to accelerate my career.'
- Bansari Kamdar
John Rylands University Library is renowned as one of the most extensive libraries in the world. This is complemented by our specialist business and management Eddie Davies Library which provides a dedicated service to Alliance Manchester Business School undergraduates. There is increasing provision of information via various web-based services and much of your memorizing material will be available through e-journals. These and other standard computing services, such as access to the internet and word processing, are available through computer clusters across campus in departmental buildings, libraries and halls of residence. Many buildings in and around the campus are also equipped with free wifi access.
Personal development plans
PDPs are aimed at helping you develop awareness of generic transferable and subject-specific skills, Boost independent learning and provide a record of your academic learning and achievement.
Academic advisors
All new Alliance Manchester Business School students are allocated an academic advisor who you will meet in regular sessions as part of a first-year course unit. Where possible, you will keep the same academic advisor throughout your time here. Your advisor will support you throughout your studies on matters of an academic nature, from providing feedback on a practice essay in preparation for your `formal' assessment at the end of each semester to discussing your PDP or writing you a reference. We also have a dedicated undergraduate assessment and student support centre within the School, who will be your first point of contact for any ill health or other personal problems which are affecting your work.
Student mentoring
We operate a peer mentoring scheme which aims to provide you with a second or final year 'mentor' to provide practical assistance with orientation and induction as well as advice and information on any aspect of student life.
The University has its own dedicated Careers Service that you would have full access to as a student and for two years after you graduate. At Manchester you will have access to a number of opportunities to help boost your employability .
The ultimate aim of the programme is to empower you to achieve long-term career success and become the leading professionals of tomorrow. We aim for you to be `employability ready' by the start of second year so that you can apply to and choose from a range of summer internships and placements. The programme has partnerships with ICAEW, CIPFA, ACCA, CFA and CIMA. You'll benefit from these partnerships through exam exemptions, work experience offers and training.
What jobs do our Accounting graduates go into? Examples of jobs exact graduates have gone onto include: audit associate, forensic accountant, internal auditor, procurement intern, risk analyst, tax advisor and trainee chartered accountant.
Who employs them? A wide range of companies including: BDO, Deloitte, Ernst & Young, Grant Thornton, HM Revenue & Customs, KPMG, NHS, PwC, RBS and The National Audit Office.
What about further study? Accounting graduates have gone on to further study in accounting, banking and finance at institutions such as Cambridge, Imperial College London and London School of Economics.
All examples are taken from the Destinations of Leavers from Higher Education (DLHE) survey.
This is a professionally oriented degree programme developed in consultation with the ICAEW. Completion of the core modules on this programme will ensure you receive substantial exemptions from the ICAEW's professional qualification, the ACA (Associate of the Institute of Chartered Accountants in England and Wales). A significant number of exemptions are also available from other professional accounting qualifications, including ACCA, CIMA and ICAS.
Course modules
This is how the programme will look:
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Semester One (September -January) |
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LBPG5009 Executive Business Simulation |
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ACFI5067 Contemporary Issues in International Financial Reporting |
ACFI5068 Management Accounting |
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ACFI5069 Applied Corporate Finance |
ACFI5070 Research Methods |
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Semester Two (January - May) |
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ACFI5077 Portfolio Management ACFI5071 Applied Trading |
Choose one from the following: ACFI5073 Business Analytics ACFI5074 Governance & Social Responsibility ACFI5076 Assurance and Risk ACFI5078 Behavioural Finance |
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Semester Three (May -September) |
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ACFI5028 Dissertation LBPG5030 Business Research Project 60 credits (one of two) |
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Contemporary Issues in International Financial Reporting
This module introduces the learner to broader and deeper understanding of the contemporary and important issues concerning international financial reporting regime. It discusses the increasing role of international financial reporting regulation, the politics thereof and the critical debates in different jurisdictions. As such, this module allows students to deliberate upon the important developments in international financial reporting from a historical, social, political and professional standpoint. It critically evaluates the implications which financial reporting has on businesses and societies. A further focus is on the increasing trend and importance of non-financial reporting areas such as sustainability accounting and corporate social responsibility of businesses.
An Evaluation of Management Accounting
This module examines the application of management accounting within a coherent theoretical framework. You will analyse the fundamentals of costing within a multi-product business environment and contextualise the same through the use of case studies. Control, evaluation and performance measurement techniques will also be critiqued. During this module you will make use of contemporary research literature in the field of management accounting. The module will make use of contemporary research literature in the field of management accounting to examine the role of the management accountant and the application of management accounting techniques in practice
Applied Corporate Finance
This module provides students with a broad understanding of the ways that capital is raised to create, grow and restructure firms. The aim of the module is to guide students on the techniques used to appraise and report on investment and financing decisions. You will be shown how corporate finance decisions impact the value of the firm and impact shareholders and other stakeholders. Case Studies will be used to illustrate the impact of various corporate decisions.
This module provides students with a broad understanding of business and academic research methods. It is designed to help students prepare for a Dissertation or Business Research Project. Students will be guided on the selection and planning a suitable research project, the module will review research design, paradigms and ethics, including the broader ethical impact of research. The module covers a wide range of qualitative methods for data collection and analysis, including interviews, questionnaires, focus groups, observations and content analysis. Students will be guided on the financial and secondary datasets available at DMU. The module covers a subset of quantitative techniques to guide students on the use Excel and or R, including descriptive statistics, confidence intervals, one and two-sample tests, ANOVA, chi-squared test, selected non-parametric tests, and regression. The module concludes with an overview of mixed methods, and the visualisation and presentation of research results.
Portfolio Management
Taught from the portfolio manager’s perspective, issues in price formation for all the major asset classes will be explored. Markets will be investigated with particular attention to the fundamental and non-fundamental components of securities pricing. To this end you will examine the standard valuation methods in addition to concepts arising from the behavioural finance literature. Optimal portfolio allocation will also feature. The overriding objective of the module is to provide a framework for well-placed investment decisions and to become familiar with the various investment strategies, providing a knowledge base for those wishing to pursue professional qualifications in this field.
Applied Trading
This module provides students with a broad understanding of the skills needed to turn clients' investment objectives into trading strategies. It is designed to help students prepare for roles in investment firms, regulators, and clients.
Students will be guided on the links between finance theory and trading. Students will be given a simulated portfolio to manage on behalf of a client. During the module, students will report to, and make trading recommendations on behalf of, their client. These reports and recommendations will be in response to real-time daily news, and in response to changes in the client's investment objectives.
Students will need to apply their knowledge of finance theory, and portfolio management, in this changing situation. The module emulates many aspects of a trading floor. Students will learn how to analyse the impact of trading strategies on risk and return. Students will gain an understanding of hedging.
Each student will be assigned a sector, or situation, to follow using the news feeds in Bloomberg and Refinitiv. Students will be required to analyse the impact of proposed changes in trading strategies. Students will learn how to write Excel macros, and how to perform financial calculations to report back to the client.
Business Analytics
This module integrates accounting and financial theory with the science and art of discovering and analysing patterns, identifying anomalies, and extracting other useful information in financial and economic datasets. This module takes a practical approach to prepare you to analyse and get a grasp of the most required data structuring, modelling and visualization techniques by employers. You will gain business insights for decision making by participating in business analytics simulations and you will be able to present dynamic reports to a diverse audience.
Governance and Social responsibility
The module offers an understanding of corporate governance and social responsibility. The aim is to analyse the effects of corporate governance and social responsibility and to consider the role key stakeholders such as institutional investors play in corporate governance. You will review academic journals and make recommendations with regard to factors that influence corporate governance and social responsibility.
Behavioural Finance
The module will provide you with an understanding of behavioural finance theories. We will examine the impact on stock markets of credit conditions, behaviour (biases and heuristics), institutions, and culture. You will be shown how to use behavioural finance theories to explain financial crises and stock market bubbles. The module reviews the evidence for and against market efficiency, momentum, reversal, over-reaction, and under-reaction. You will be encouraged to think critically about the implications of behavioural finance theories for financial and regulatory decision-making.
You must also undertake a dissertation, providing an invaluable opportunity to work in depth on a particular aspect of accounting and/or finance (in its broadest sense) and to apply and enhance your technical knowledge and critical awareness in a subject of your choice.
Business Research Project
The Business Research Project (BRP) is an individual consultancy project that serves as a commercially and employability-relevant experience, and is an alternative to the dissertation. It requires you to compile a 10,000 word report that acts as a solution to a business research challenge. The assessment is in two phases; A. Situational brief, to ensure that you fully understand the project requirement (in a similar way that a marketing consultancy would send a proposal), and B. Main report, which includes details of the research / analysis / recommendations. Each project is summarised on a BRP brief, a one-page document that gives a succinct description of the organisation, the overall project, the specific skills you have developed, and the expected outcomes
Note: All modules are indicative and based on the current academic session. Course information is correct at the time of publication and is subject to review. Exact modules may, therefore, vary for your intake in order to keep content current. If there are changes to your course we will, where reasonable, take steps to inform you as appropriate.
Modules include formal lectures, tutorials, workshops and interactive sessions.
This is a full-time course so you should be prepared to devote approximately 38 hours a week to your studies. You will typically have up to 8 synchronous hours of teaching most weeks for semester 1 and 2. Teaching is through a mix of lecturers, tutorials, seminars and lab sessions and the breakdown of these activities is shown in each module description.
In addition each module provides a 2 hour surgery each week available for individual consultation with the lecturer. You may also have some scheduled meetings with your programme leader, personal tutor, and/or careers throughout the year to discuss your academic progress and personal development.
Self-directed study: In order to prepare for, and assimilate, the work in lectures and seminars you will be expected to make regular use of our on-line resources, participate in classroom discussions including on our virtual learning environment (VLE) and engage in personal study, revision and reflection for approximately 24 hours per work during semester 1 and 2.
In semester 3, you will undertake independent research for your dissertation (or In-company project), and again should typically allow around 38 hours per week for this. You will be allocated a dedicated academic supervisor to support you, who you will be able to contact on a regular basis.
With the economy firmly entrenched in a bear market, at least for the time being, many people are re-evaluating their assets and investments to make the right financial moves. Multiple financial experts GOBankingRates spoke with quoted Warren Buffett’s classic advice: “Be fearful when others are greedy and greedy when others are fearful.”
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That doesn’t mean dumping your entire emergency savings account into low-cost meme stocks right now, of course. But it also doesn’t mean selling off your 401(k) as you watch it plummet.
“Do NOT change allocations in your 401(k) following a market downturn,” advised Stephanie J.H. Roberts, CFA®, CAIA, CFP®, wealth manager at Steward Partners in Albany, New York. “People don’t get advice on their retirement accounts and we have seen people who got scared and cashed out or got more conservative in a market downturn and ultimately hurt long-term performance.”
So what should you do in a bear market to not just survive, but thrive? Experts offered their top tips.
“Before making any investment moves, people should make sure they have a long-term, strategic financial plan in place,” Roberts told GOBankingRates in an email interview.
“If you do not have a plan, now is a very good time to have a [financial] professional complete a deep, personal, comprehensive diagnostic,” said Barry P. Mitchell, Jr. — CRPC, CRPS, CAP, and founder and managing director at Next Level Private. “Once this is completed, they can help you find areas to access liquidity so that you can keep pace with inflation and have enough money to live amid rising prices.”
He added that it’s important to pinpoint areas of liquidity that won’t hinder your long-term goals, such as saving for retirement.
Related: 6 Alternative Investments to Consider for 2022
Roberts also emphasized the importance of keeping three to six months of living expenses in the bank as an emergency cash reserve.
“This could be higher depending on your circumstances,” she said. “Cash reserves are especially important in a down market. When you may choose to use some of that cash to fund living expenses or large expenditures such as a car purchase or needed home repairs, rather than locking in losses in your portfolio at depressed values.”
She said it is also a good time to re-evaluate your expenses and “practice some financial discipline at every level.” She recommended possibly postponing big-ticket purchases and reviewing your monthly spending to find areas you can cut. If you’re already making ends meet in spite of inflation, freeing up cash could allow you to take advantage of the bear market. “Rather than making full-scale shifts to your investments, consider using new dollars to invest in quality stocks and dividends,” she said.
Experts agreed that it’s crucial to pinpoint your risk tolerance — and maintain a diversified portfolio to balance those risks. “If your investments are spread out across many stocks or ETFs covering the global stock market, you’re better placed to withstand a downturn. If your investments are concentrated in just a few stocks your investments could take a much bigger hit,” said Tony Molina, CPA and product evangelist at Wealthfront.
Corey Briggs (CFP, CIMA with Plaza Advisory Group at Steward Partners Global Advisory) suggested that investors first max out their 401(k), and then start a Roth account to ensure that they are taking advantage of these investments while the market is down.
“Do not try to get too fancy and pick individual sectors or companies that may bounce back quicker. Take advantage of the entire market being down and ride the upside with a low cost fund that captures the entire market,” he advised.
Younger investors with greater risk tolerance may be in an even better position to add to their portfolios in a bear market. But it’s important to choose value stocks with solid fundamentals, experts say.
“These past few months have been a great time to ladder some cash into the market and take advantage of discounted equities,” Briggs said. “During bear markets, growth stocks tend to get hit the hardest, while value starts outperforming. This is mainly due to their earnings stability, dividends, and appealing stability they show,” he added.
Mitchell recommended that investors use dollar cost averaging, with an eye on holding investments at least three to five years. “Invest a portion of what you’re able to comfortably commit to equities right now, maybe 25%, and dollar cost average the balance over the next six to 12 months,” he said.
Mitchell and Molina both recommended capital loss harvesting, or tax loss harvesting, to offset future potential gains. “Most people wait until the end of the year,” Mitchell said. “We believe that you should be most proactive to harvest the loss when the market dictates, not the calendar. This should result in some tax savings.
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The most important thing to remember is that what goes down, eventually goes up again.
“We believe we may be entering into a new longer-term cycle that may allow value stocks to outperform growth. History shows as interest rates rise that tends to benefit reputable stocks with solid fundamentals, and a solid dividend,” Briggs said.
“Loss is uncomfortable, even if it’s temporary,” Molina pointed out. “But it’s important to remember that volatility is a normal part of investing, and you don’t actually lose any money unless you sell your investments for less than what you paid for them. History shows that markets tend to rise in the long run, which means if you stick to a diversified strategy and keep investing, you’re likely to come out ahead.”
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This article originally appeared on GOBankingRates.com: How to Survive and Prosper in a Bear Market: Experts Share Rock-Solid Investment Strategies
The degree involves studying courses to the value of 12 units over three years, plus LSE100. You will also have the opportunity to apply for a year abroad at one of our global exchange partners.
In Michaelmas Term of the first year of the programme you will gain an essential foundation in economics and learn the necessary quantitative skills. In Lent Term you will take introductory courses in microeconomics, macroeconomics and econometrics. You will also choose an outside option course from a rich array of courses from other departments – this can be a whole unit course or two half unit courses in Michaelmas Term and Lent Term, respectively. In addition, you will also take LSE100.
Michaelmas Term
Economics (0.5)
Principles economics course to introduce students to traditional and topical economic questions and how both established and new economic approaches can deal with them.
Quantitative Methods (0.5)*
The aim of this course is to develop the basic mathematical tools necessary for further study in economics and related disciplines.
Elementary Statistical Theory (0.5)
The course provides a precise and accurate treatment of introductory probability theory, statistical ideas, methods and techniques.
Outside option
Lent Term
Microeconomics I (0.5)
This course provides a foundation to help students understand key microeconomic questions using a variety of established and new approaches.
Macroeconomics I (0.5)
This course provides a foundation to help students understand key macroeconomic questions using a variety of established and new approaches.
Econometrics I (0.5)
Introduction to econometrics to teach students the theory and practice of empirical research in economics.
Outside option
*Students can opt to take Mathematical Methods (1.0) in place of Quantitative Methods (0.5) and the Lent Term outside option (0.5).
LSE100*
A half unit, running across Michaelmas and Lent Term in the first year, LSE100 is compulsory for all LSE undergraduate students, and is designed to build your capacity to tackle multidimensional problems through research-rich education.
The second year of the programme builds on the Year 1 courses in microeconomics, macroeconomics and econometrics. You will develop a firm grasp of core analytical methods and apply them to a range of problems. You will also choose one outside option from another department (a whole unit or two half units in Michaelmas Term and Lent Term, respectively).
Microeconomics II (1.0)
This intermediate-level course will help students understand key microeconomic questions and challenges and also evaluate possible solutions using a variety of approaches and student projects.
Macroeconomics II (1.0)
This intermediate-level course will help students understand key macroeconomic questions and challenges, and evaluate possible solutions using a variety of approaches and student projects.
Econometrics II (1.0)
Intermediate-level course to teach students the theory of econometrics, the practical problems of empirical research, and how to do empirical research themselves in a student project.
Principles of Finance or optional course (1.0)
In your third year you will have the opportunity to specialise according to your interests.
You will choose one course from three options. You will then take two further economics options. You will also complete a thesis in quantitative economics on a research question of your choosing.
Quantitative Thesis (1.0)
Either
Econometric Theory (1.0))
Gives an introduction to the asymptotic theory of estimation and inference of economic models.
Or
Games and Economic Behaviour (1.0)
Reviews fundamental concepts in economic theory and presents some of its most successful applications.
Or
Problems of Applied Econometrics (1.0)
Provides a solid grounding in exact developments in applied econometrics.
For the most up-to-date list of optional courses please visit the relevant School Calendar page.
Where regulations permit, you may also be able to take a language, literature or linguistics option as part of your degree. Information can be found on the Language Centre webpages.
You must note however that while care has been taken to ensure that this information is up-to-date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.
You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore ensure you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated undergraduate course and programme information page.
The M&A program provides a foundation for executives who are new to M&A and a refresher for those with experience. Being able to engage on the theoretical and strategic nature all the way through to the practical execution and integration was extremely helpful.
- Troy Shay, President & Chief Commercial Officer, Weber Stephen Products LLC
I like the course very much because it is well organized: great structure and content, excellent faculties who have great real-world experiences and are good at teaching, and Chicago Booth staff are supportive and helpful every day. I not only learned about the fundamentals in the quantitative parts but also pragmatic strategic framework that I can bring back to my work everyday.
- Haipeng Chen, Sr. Director, Corporate Development and Business Knowledge, Chiesi USA, Inc.
This is a great program for anyone working with M&A. Very well-rounded course materials and lectures. Very practical concepts and tools that can be put to use in my daily work. Great balance of classroom time and small group break-away time to help practice the concepts.
- Mike Huray, CFO, Lutheran Social Services of Minnesota
Well designed program packed with quality content and delivered efficiently. Inspiring faculty.”
- Suresh Vaidhyanathan, Group Chief Financial Officer, GA Group
The learning and networking experienced during the M&A Program at Chicago Booth has been invaluable for my career. The Chicago Booth program provides a broad range of cases and tools that I have been using on a daily basis.
- Gabriel Gosalvez T, Senior Manager, Deloitte LLP
The tenor and pace of the class, the very relevant and up-to-date materials, and most importantly the very diverse global make-up of the participants and teachers made my entire experience at Booth an exceptional week. I have recommended multiple courses to my colleagues and associates and plan to attend more courses relevant to my job in the future. I have stayed in contact with several of my classmates and intend to continue to do so in the future.
- Tom Heiser, Vice President & General Manager, Hitachi High Technologies America, Systems Products Division & New Business Development
The Chicago Booth M&A program was excellent and provided many insights which I now apply in my day-to-day work. The faculty was highly rich in industry experience and used case studies to elaborate principles. I believe this M&A program is one of the most practical and professional available for senior leaders to Boost their competencies around M&A. I do not hesitate to recommend this program to any participant who wants to Boost his/her knowledge of M&A.
- Sanjeewa Samaranayake, CFO, Group Finance, Hemas Holdings Plc
The Chicago Booth M&A program is ideal for practitioners involved in any facet of a transaction. I benefited from the quantitative evaluation of a deal, its tax implications, and approaches to ensuring a successful integration.
- Girish Rishi, Executive Vice President, Tyco
The program invigorated me. Quality of the professors was fantastic with real world experience that I valued. I really feel the content will help me tremendously in my day-to-day.
- David Bethoney, Senior Finance Director, Experian
The class afforded me the opportunity to see how the financial team views M&A as well as get more comfortable with their terminology. I appreciate the tools I’ve received to focus and hone my financial and business teams in our M&A activities.
- Adelle Mize, VP, Associate General Counsel, Freeman
It's been my experience that most of us involved in deal making tend toward the bias that purchase price and precise valuation outweigh all other components of the deal. This class has changed my thinking to be more balanced and given me tools to prove that strategy and integration are equally or more important than valuation in creating value.
- Tyler Jones, Business Development Manager, Performance Technologies, LLC
Great use of strategy and self-reflection, which drive M&A decisions, coupled with which tools can advantage you once you have made the decision to proceed.
- Chris Chrisafides, Sr. Commercial Director, The Dow Chemical Company
I was hesitant to return to academia, even for a week, but I found the course to be interesting, relevant, and highly collaborative. I would recommend it to colleagues.
- Valerie Matena, Senior Analyst, M&A, The Babcock & Wilcox Company
Such a great program that covers the essentials of strategy, valuation, tax, and integration. An absolute must for successful M&A execution.
- Rob Vassel, Director of Business Development, The Clorox Company
The course 110% met my expectations. It was very well done with the big picture always in mind. It was well worth the financial and time investment.
- Christopher Alsip, Director of Strategic Planning, Tyson Foods, Inc.
Overall I am extremely satisfied and enthusiastic about the experience. The quality of the faculty (and overall program management) is extremely high. I hope to be back soon for other programs. This course gave me a consolidated view of the M&A process and put all the pieces of the puzzle together in a very practical and pragmatic way. This week exceeded my expectations. Thank you.
- Denis Jaquenoud, Vice President of Operations, Richemont North America
