Financial Management

Financial Management MSc

Course fees (2018/19 entry)

Option / fee Value
Home/EU full-time annual tuition fee: £6,250
Home/EU part-time tuition fee: £34.75 per credit
International full time annual tuition fee: £13,250

More about course fees »

Course type

MSc

School

Liverpool Business School

Study mode

Full Time & Part Time

About your course

The Liverpool Business School provides professionals with the space and academic expertise required for dedicated and specialised development.  We provide close links to professional bodies and you will learn how to strategically apply fiscal decisions that create the best commercial outcomes.

  • Masters degree available to study full time (one year) and part time (two years)
  • This degree is recognised by the Chartered Institute for Securities and Investment (CISI)
  • Tutors have expertise in a variety of financial management disciplines
  • Ideal preparation for a range of careers within the finance profession
  • Suitable for graduates who have no knowledge of finance but want to develop a career in the sector
  • Learn to think strategically about finance with an emphasis on research and critical analysis

The things you learn on the degree have really expanded my knowledge, such as managing funds and how economic factors influence investment decisions. I really feel quite knowledgeable about this area.

Lauren Crowder, graduate

The MSc in Financial Management will enable you to develop your career and compete for new roles within finance and business. You will become part of a supportive scholarly community, and a network of professional peers, all of which will enrich your experience here at LJMU and provide you with the essential tools you need to progress your career to the next level.

Mike Franco, Programme Leader

Introduction to the School

The Liverpool Business School is a forward looking, professional, business school, active globally as well as locally. We maintain close links with business and place students at the centre of all that we do.

The School provides responsive business education that prepares graduates for a wide range of business and management careers. We are proud of our approach to providing business education, which emphasises practical knowledge and its application, delivered by supportive and approachable staff. Throughout its history, the School has served the business needs of the North West through programmes which focus on developing professional capabilities required by a contemporary, dynamic economy. The School emphasises the power of education and practical application of research to improve the employability of people entering private, public and voluntary sectors, boosting the productivity of work forces, generating innovation and growth.Top class facilities    

The School is based in the Redmonds Building, located in the heart of the bustling Mount Pleasant campus and Liverpool’s growing Knowledge Quarter. Redmonds Building is shared by three Schools within the Faculty of Arts, Professional and Social Studies – Liverpool Business School, Liverpool Screen School and the School of Law - making for a rich blend of student learning experiences. As well as high quality lecture theatres and seminar rooms, social spaces, and ground floor cafe, the School has a state-of-the-art professional suite, with the capability to host conferences and seminars plus a dedicated postgraduate and research area. Redmonds Building is only a short walk from LJMU’s Aldham Robarts Library, which contains all the resources you will require for your studies, and is open 24 hours a day, seven days a week.

Research excellence    

Liverpool Business School is home to a vibrant and active research community who are committed to innovation and excellence in research.

Our research is concerned with important contemporary business and management issues, it’s multidisciplinary in practice and reflects the School’s areas of special expertise. This approach is evident not only in our research but in PhDs and in some of the taught courses we offer or have designed for clients. Our main areas of research expertise include:

  • entrepreneurship and small businesses
  • public management
  • evaluation research
  • research with practitioners

Our expertise in Entrepreneurship is based on research specifically in this area, including the specialist topics of rural entrepreneurship, sustainability and graduate start-ups.

Our Centre for Public Services Management helps us to focus our research expertise in public management, and we work with public bodies regionally and elsewhere to build our research base and put theory into practice.

Why study this course at LJMU?

The knowledge you will gain from a Masters course in Financial Management will enable you to implement the essential frameworks that support high performance businesses through optimum operational management.

The field of financial management forms part of the structure of all organisations and the general health of the economy.  Engaging in this course of study will provide you with a perennial skillset, and a valuable piece of professional development if you are looking to take your career to the next level of responsibility, and wage bracket. Financial managers advise clients on the decisions that will direct their business in the most desirable directions.  You will be able to occupy this kind of advisory position, or similar, in a wide range of interesting sectors.  You may, for example, find yourself working in the charity sector, retail, the healthcare sector, universities, or multinational corporations to name but a few.

If you are interested in strategic analysis and making a contribution to the long term goals and success of the organisations that you advise, then you can look forward to the further development of your financial acumen.

Programme outline and structure

The MSc Financial Management has been designed for those wishing to pursue a career in diverse financial or accounting sectors. In every arena, the effective financial management of funds enables businesses to operate successfully, achieve and supersede their set goals.

The overall aim of the MSc Financial Management programme is to produce postgraduates who are able to make a valid and meaningful contribution within the field of finance. This will be achieved by exposing you to the current theories, concepts and developments within this discipline and by doing so, you will become competent and thoughtful practitioners.   This intellectually challenging programme of study will focus on current issues, themes and applications within the field of finance and financial management, and your analytical, critical and problem solving skills will be extended through the academic evaluation of literature and current financial practices.  

You will have the opportunity to develop your practical skills through case studies and worldwide events, by applying financial and management knowledge to improve organisational effectiveness and efficiency.  You will cover topics including quantitative methods for finance, financial markets and institutions, strategic management, corporate finance and the globalisation of finance to name but a few.

Furthermore, you will undertake in-depth research in various industries, through completion of a range of assessments and a dissertation. This real-world focus will provide immediate value to your present and future employers.

What you will study on this degree

Please see guidance below on core and option modules for further information on what you will study.

  • Quantitive Methods for Finance

Equips you with the necessary foundations in mathematics and statistics to enable the successful study of subsequent modules. You will be provided with mathematical and statistical underpinning for the study of Financial Management, the use of Excel for mathematics of Financial Management and both SPSS and Excel for statistical analysis necessary for research and research analysis

  • Strategic Management

Introduces you to the strategy process in a range of organisational contexts enabling you to acquire practical experience in dealing with strategic management issues

  • Financial Markets and Institutions

Enables you to examine and understand why financial markets and institutions exist, and what services those institutions and markets offer. Through the critical analysis and evaluation of both institutions and markets you will be expected to provide suitable decisions and recommendations to limit failures within the industry

  • Corporate Finance

Provides you with an in-depth analysis of corporate financing, liquidity management, owner return, control and risk management decisions within a real world context

  • Globalisation of Finance

Provides you with an in-depth knowledge of the global financial system and the causes of global financial instability. The module will use the global political economy perspective as an appropriate framework for understanding the complexities of global finance

  • Portfolio Management

Develops your understanding of the theory, practice and empirical research in portfolio management and asset allocation at an advanced level

  • Dissertation

You will undertake an independent financial management dissertation relevant to your field of practice or area of professional interest


 

Further guidance on modules

The information listed in the section entitled 'What you will study' is an overview of the academic content of the programme that will take the form of either core or option modules. Modules are designated as core or option in accordance with professional body requirements and internal Academic Framework review, so may be subject to change. Students will be required to undertake modules that the University designates as core and will have a choice of designated option modules. Additionally, option modules may be offered subject to meeting minimum student numbers.

Academic Framework reviews are conducted by LJMU from time to time to ensure that academic standards continue to be maintained.

Please email courses@ljmu.ac.uk if you require further guidance or clarification.

How will I be assessed?

Your tutors will take a proactive role in continually reviewing the financial sector and the relevance of the programme on a regular basis.

This constant process of review and revision adds value and currency to the modules tutors deliver through the academic research they produce. 

Tutors also work with a range of financial/accounting professional bodies to ensure that teaching reflects current practice within the industry. This approach means that you will gain in-depth knowledge and skills that will optimise your learning potential.

You will be assessed by a range of methods such as exams, essays/reports, case studies and presentations. You will receive regular feedback on your work. Some coursework may be done in groups to develop your team working skills. 

You will also submit a dissertation which will be a major component of the programme.

Staff research interests

Expert tutors with blue-chip experience ensure the degree features the latest developments in accountancy and finance

​The team is actively involved in internationally-recognised research and academic writing, contributing to journals and conferences all over the world.

​Your tutors are highly qualified - a number of them have trained with well-known firms such as Deloitte and Ernst and Young and they have spent many years working in industry. This means they have first-hand experience of relating academic theory to real practice in the workplace.

Entry requirements (Home)

You will normally be expected to hold a relevant degree from a recognised university or from an equivalent awarding institution at upper second class honours level or above.

Alternatively, you may possess a relevant first degree of at least lower second-class honours level combined with a relevant professional qualification or relevant professional experience of at least two years.

Those without a first degree may qualify for entry to the programme on the basis of considerable relevant work experience normally comprising at least five years at managerial or equivalent level which would be subject to scrutiny by the programme team.

International candidates would normally be expected to possess one of the above entry qualifications and be able to demonstrate a standard of English with an IELTS score of 6.0 with a minimum of 5.5.

Entry requirements (International)

LJMU welcomes applications from international students. In addition to normal entry requirements, you will be expected to demonstrate a very good level of English language competence, for example an IELTS score of 6.0-6.5 or equivalent. Please note: specific courses may require higher levels of English language competence. If you have applied to study a full-time taught Masters, MRes, MPhil or PhD at LJMU, you should check if you require an Academic Technology Approval Scheme or ATAS certificate. It can take four to six weeks to receive an ATAS certificate, so please make sure you apply as early as possible. You can find out more on the British Foreign and Commonwealth Office (FCO) website. Alternatively, contact LJMU’s International Admissions Team for guidance. Please note: international students entering on a Tier 4 visa cannot study part time. Students entering the UK on alternate types of visa may be in a position to study part time. Please contact LJMU’s International Admissions Team for further details before making your application.  In order to obtain a visa you will also need to show evidence that the money required to cover your tuition fees and living expenses has been in your bank account for at least 28 days prior to submitting your visa application. So please make sure that your finances are in place before applying. For more details, go to our international website

For advice on any aspect of the application process, please contact LJMU’s International Admissions Team.

Will I be interviewed?

No

IELTS

6.0 (Min 5.5 in each component)

Pearson

58-64 (Min. 51 in each component for UKVI Purposes)

Is RPL accepted on this programme?

Yes


Please Note: All international qualifications are subject to a qualification equivalency check via NARIC.

Financial support

Tuition fees

All full and part-time students enrolled on postgraduate taught programmes at LJMU are liable to pay an annual tuition fee. You can opt to pay your tuition fees in full at the start of each academic year or pay by instalments. If you need advice about how you will pay your tuition fees, please email to LJMU’s Student Funding Team as soon as possible.

Sources of funding

Postgraduate loans for students from England, Wales and the EU

Postgraduate Masters loans are available for those studying in the 2017/18 academic year. The new government loans, of up to £10,280, are available for students attending eligible full and part-time Masters courses. To be eligible part time courses need to be studied at 50% intensity. Personal Eligibility is based on your age, your residency and if you have studied at Masters level previously.

Loan repayments will begin the April after course completion, with the first cohort of borrowers commencing repayments in April 2019. Repayments will be made at a rate of 6% of income above an earning threshold of £21,000. This threshold will be frozen until 2021. For details of loan terms, conditions and eligibility, go to:-

https://www.ljmu.ac.uk/discover/fees-and-finance/pg-uk-students-2017-18/funding

Postgraduate Loans for students from Northern Ireland

The Northern Irish government is also introducing a loan for students commencing postgraduate study from September 2017 onwards. Unlike the loan for students from England and Wales this scheme offers a loan for tuition fees only with no funding available from the NI government for living costs. The loan for tuition fees will be paid direct to LJMU.

The maximum loan for those starting in 2017 is £5,500 per course. Please note this means in some instances the loan will not cover your tuition fees in full and you will need to make alternative arrangements to pay the balance as well as source funding for your living costs.

LJMU Alumni Award

Alumni of the University are eligible to apply for a 20% reduction in their postgraduate tuition fees if they choose to progress onto a higher degree programme at LJMU. Both Home and international LJMU students and alumni can apply for this award (subject to eligibility criteria*).

Postgraduate International Scholarships

LJMU offers scholarships for international applicants accepted onto taught masters programmes (excluding distance learning programmes) and research degrees. Current LJMU international students and alumni interested in pursuing postgraduate study and research at the University are eligible to apply for these scholarships along with new applicants. 

English for Postgraduate Studies Bursary

A Bursary is also available for international students who need to improve their IELTS score prior to enrolling on their postgraduate course or research programme at the University. This course is run by LJMU’s International Study Centre.



Earn While You Learn

Working while you study means you may be able to pay for your course without taking out any further loans or at least reducing the amount you need to borrow. Working while you study also gives you the skills valued by employers, such as managing your workload and prioritising your time.

LJMU’s Vacancy website can help you find graduate vacancies, sandwich/industrial placements, internships / summer work, part-time jobs, volunteering opportunities and work-based learning placements. Over 1,000 local and regional employers regularly list opportunities on the website.

Professional and Career Development Loans (PCDL)

Many students fund their postgraduate studies via Professional and Career Development Loans. This is a bank loan which you will have to pay back once you’ve completed the course. However, while you are studying any interest on the loan will be paid for you by the Skills Funding Agency. PCDLs worth between £300 and £10,000 are available for eligible postgraduates to fund up to two years of study (three if the course includes work experience). The loan is split into course fees and living costs. 

Employer sponsorship

Some organisations and companies fund the cost of postgraduate studies for their employees as they recognise the value of having well qualified staff. Check out our courses and see if there are any on offer that could enhance your current career. Remember, employer support doesn’t always have to be financial; it can take other forms too, such as flexible working arrangements, day release and time in lieu of study.

Support for disabled students

Disabled Students’ Allowances or DSAs are designed to help meet the extra course costs students can face as a direct result of a disability, on-going health condition, mental health condition or specific learning difficulty. DSAs don’t have to be paid back and the type of support you receive will be determined by your specific needs not your household income. Please contact LJMU’s Disability team for further advice: 0151 231 3164/3165.

Council tax exemption

All full-time postgraduate students studying courses lasting one year or more are eligible for a council tax exemption certificate.


Graduate employment

This programme develops valuable transferable skills in finance, research, analysis and strategy as specifically applied to your understanding of Financial Management, one of the fundamental disciplines that support commerce and its long-term goals.

On graduation you will be able to apply for a number of positions within the finance industry. You may work in retail and investment banks, insurance/pension companies, financial management/financial consultancy, investment consultancy and analysis or accountancy. Potential roles may include: Finance Manager; Financial Controller; Business Strategist and Financial Consultant.

You will be given an opportunity to sit one of the Chartered Institute for Securities and Investment (CISI) professional examinations: Level 6 Financial Markets. Successful completion of this module will enable you to progress further and achieve either the CISI’s Chartered Wealth Manager qualification or the Capital Markets pathway designation.

As the finance industry continues to grow, expanding its headcount regionally, national and globally, the demand for financial services and financial management will play an important role in stimulating economies, with nations such as China, India and the UK seeking graduates with qualifications in this discipline.

International Study

International applicants are required to demonstrate equivalent qualifications to the standard requirements for entry when applying for courses at LJMU.

Students must also demonstrate a proficiency in communicating through English, for example via an IELTS tests or equivalent.

Please note: UK visa restrictions mean that international students are only permitted to study on a full-time basis.

Please contact LJMU’s International Team by visiting www.ljmu.ac.uk/international for more information and advice.

Scholarships

LJMU has launched a range of generous international scholarships for students enrolling at the University.

These prestigious scholarships take the form of tuition fee waivers and are available for outstanding international students applying for taught postgraduate programmes and research degrees.

You will need to complete an additional application form in order to be considered for these scholarships. Full eligibility criteria and the online application form are available here: www.ljmu.ac.uk/international

Applications for these scholarships are welcomed from:

  • new international applicants
  • current LJMU international students hoping to progress onto postgraduate study at the University
  • LJMU international alumni

The University may make changes to a programme of study or module where such changes are deemed to be beneficial to students, are minor in nature and unlikely to impact negatively upon students or become necessary due to circumstances beyond the control of the University.
Further guidance on programme changes

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