The MSc in Financial Management is a comprehensive and rigorous treatment of key areas in accounting and corporate finance. It is designed for graduates interested in following a career in the finance function of a company, in the accounting profession, in business analysis or in management consultancy practice.
Financial Management is one of the key disciplines necessary for the successful management of business corporations and other organisations.
Studying the theories underlying Financial Management practices allows students to understand and explain the financial behaviours of corporations and other organisations. An understanding of the practices of Financial Management equips students with the knowledge and understanding necessary to apply this knowledge to real-life business situations.
In an organisation financial management is split into its two principal roles. These are the accounting function, usually under the direction of the financial controller, and the corporate finance function directed by the treasurer. Accounting is concerned with the provision and interpretation of information for economic decision making.
Accounting is itself split between management accounting - the internal facing function - which services the information needs of the organisation’s management and financial accounting - the external facing, highly regulated, function - which provides information for investors, the general public, regulatory bodies etc. The corporate finance function is concerned with managing the finances of the organisation and is involved in cash management, asset allocation, capital structuring and financial risk management in areas such as interest rates, foreign currency exchange rates and commodity trading.
The programme is structured so that students specialise through courses within choices including advanced corporate finance, advanced finance theory, behavioural finance and market anomalies, derivatives, investment management, public sector financial management.
The MSc in Financial Management also has an academic orientation, so apart from being suitable for those who enter a business career, it is also a good preparation for further research at PhD level. It is both academically rigorous and closely in line with professional practice.