Course Overview

Attendance
UK/EU Fees £14,000 *
International Fees £14,500 *
Alumni Discount See details
Duration 1 year

* Price per academic year

Course summary

This course has been designed to develop the knowledge, skills, research interests and career prospects of those who work, or wish to work, in finance, treasury management or accountancy. It’s especially useful if you’re a graduate with little or no accounting experience, as it offers the opportunity to study modules which will cover this shortfall.

If you are a graduate member of a UK accountancy body, or an overseas equivalent, you may claim up to four exemptions from this Masters by applying for Accreditation of Prior Certificated Learning. 

The course provides exemptions from 9 papers of the Association of Chartered Certified Accountants (ACCA) exams. The Westminster Business School is an ACCA Gold approved learning partner and is the only UK institution to offer this many ACCA exemptions on completion of a one-year course. Graduates of the course are also eligible for 11 exemptions from CIMA – Chartered Institute of Management Accountants via the Masters Gateway, an accelerated entry route to the CIMA Professional Qualification and the globally recognised CGMA designation.

As a postgraduate finance student you will have access to the Financial Markets Suite, which uses the Bloomberg computer system to monitor real-time financial market movements and trends. It’s a resource available to very few UK universities, and one which provides a modern and progressive teaching environment combining finance theory with practice. 

Course structure

The following modules are indicative of what you will study on this course. 

You can choose a total of three option modules – two or three from the following list, and a third module may be chosen from anywhere within the University, subject to the course leader’s approval.

Core modules

You will be able to prepare financial statements up to consolidation with consideration of some of the main accounting standards underlying international financial reports. This module also explores the issues, principles and theories underlying current developments in financial accounting and reporting.

Through the exploration of practical applications, critical appraisal, contemporary approaches and international perspectives, this module explores the role of accounting in the management of organisations, and the development and application of managerial accounting concepts and techniques.

This module provides you with the fundamental ideas and tools for thinking about where you can source finance, how you use the finance you have raised and how you return wealth to shareholders. The emphasis is on maximising shareholder wealth through proper resource management.

An 8,000 – 10,000-word dissertation in the area of either accounting or finance.

This module aims to develop your knowledge and competence of the research process, and the application of research methods in the area of accounting and finance.

The focus of this module is on the UK Tax System including Personal, Corporation, Inheritance, Capital Gains and Sales taxes. The impact of International Tax Laws and Tax Avoidance will also be studied.

Option modules

In this module you will learn the requirements of good internal control systems and the responsibilities of the directors and external auditors in ensuring the correct recording of the financial status of the organisation.

Through this module you will cover a range of data analysis methods and concepts.

This module develops your theoretical understanding of financial derivatives markets. You will price and value financial derivatives from first principles and explore how financial derivative products can be used effectively in risk and investment management applications.

You will develop an understanding of the fundamental concepts and practical skills required by finance professionals as users, evaluators, designers and managers of computer-based financial information systems.

This module offers detailed coverage and analysis of global financial markets and institutions.

This module provides the fundamental ideas and tools for thinking about traditional income securities. 

This module provides you with the fundamental ideas and tools for thinking about international risk management.

Develop your understanding of contemporary portfolio theory and investment management principles in order to actively manage a range of investment funds used by professional institutional investors and the private wealth management industry.

Entry Requirements

Applicants should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours or international equivalent) and demonstrate interest and motivation in the subject area. Alternative professional qualifications with at least three years' relevant professional experience will also be considered. Directly relevant degree disciplines include business studies, economics, geography, management, and operations research.

However, students with qualifications in other disciplines such as engineering, environmental sciences, the humanities and languages are also encouraged to apply. 

If English is not your first language, you will need an IELTS score of 6.5, with a minimum score of 6 in each element.

View more information about our entry requirements and the application process

Applicants should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours or international equivalent) and demonstrate interest and motivation in the subject area. Alternative professional qualifications with at least three years' relevant professional experience will also be considered. Directly relevant degree disciplines include business studies, economics, geography, management, and operations research.

However, students with qualifications in other disciplines such as engineering, environmental sciences, the humanities and languages are also encouraged to apply. 

If English is not your first language, you will need an IELTS score of 6.5, with a minimum score of 6 in each element.

More information

Careers

As a Finance and Accounting MSc graduate, you can look forward to excellent career prospects in finance, banking, treasury management or accountancy, as well as general management and other senior finance-based positions. A number of our graduates have gone on to work for the "Big 4" accountancy firms.

Your exposure to the Financial Markets Suite simulated financial trading facility will mean you will be equipped in both the theory and practice of international finance.

Graduates of the course can apply to various professional accountancy bodies, which give exemptions on the basis of electives you have studied. The Chartered Institute of Management Accountants (CIMA) allow graduates to go through a "Gateway" route. Successful completion of the Gateway exam grants 11 exemptions from CIMA's 16 examinations. You also have the opportunity to gain exemption from 9 papers of the Association of Chartered Certified Accountants (ACCA) examinations upon completing this degree.

Mentoring Programme

The Business Experience Team also offers full-time overseas postgraduate (MA, MSc, MBA) students the opportunity to take part in our WBS Mentoring Programme. We will match students with a senior professional (mentor) from their field of expertise to give them an exact insight into British working practices and policies. Experienced professionals in any business field share their career experiences and knowledge with students who may wish to venture down a similar path in the near future. Our mentors come from a wide range of backgrounds, including Marketing, General Management, Finance and Entrepreneurship. In addition, our mentors typically offer 3 hours of their time over a 3 month period to the mentee (student). In addition, to one-to-one meetings, students are encouraged to keep in touch with their mentor over email and telephone.

Our Careers and Employability Service is here to support you to achieve your full potential.
 
With a growing network of over 3,000 employers around the world and a team of experienced careers consultants, we provide you with a variety of opportunities to work and develop new skills. As a University of Westminster student, you’ll have access to our services throughout your studies and after you graduate.
 
We can help you:
    •    find work placements, graduate jobs or voluntary experience related to your course
    •    discover international opportunities to enhance your employability
    •    write effective CVs and application forms
    •    develop your interview and enterprise skills
    •    plan your career with our career consultants
    •    gain insights into your chosen industry through mentoring
    •    meet employers and explore your career options at our employer fairs, careers presentations and networking events 
 
Find out more about the Careers and Employability Service.

 

Find out more about other employability initiatives at the University of Westminster. 

Fees and Funding

UK and EU tuition fee: £14,000 (Price per academic year)

When you have enrolled with us, your annual tuition fees will remain the same throughout your studies with us. We do not increase your tuition fees each year.

Find out how we set our tuition fees.

Alumni discount

This course is eligible for an alumni discount. Find out if you are eligible and how to apply by visiting our Alumni discounts page.

Funding

As well as tuition fee loans, there is a range of funding available to help you fund your studies.

Find out about postgraduate student funding options.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

International tuition fee: £14,500 (Price per academic year)

When you have enrolled with us, your annual tuition fees will remain the same throughout your studies with us. We do not increase your tuition fees each year.

Find out how we set our tuition fees.

Alumni discount

This course is eligible for an alumni discount. Find out if you are eligible and how to apply by visiting our Alumni discounts page.

Funding

Find out about funding for international students.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

Bloomberg Suite

Students on this course have access to our purpose-built Financial Markets Suite (FMS).

 

Bloomberg Financial Markets Suite

Read more about this state-of-the-art platform used by leading global investment banks.

Facilities

Course Location

Our Marylebone Campus has benefitted from a multi-million-pound refurbishment resulting in new workshops, digital studios and development of the Marylebone Library. The campus is home to Westminster Business School and our award-winning Architecture, Planning and Tourism courses. For more details, visit our Marylebone Campus page.

Contact us

Contact the Course Enquiries Team:

+44 (0)20 7915 5511

[email protected]

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Opening hours (GMT): 9am–4.30pm Monday to Friday

More information

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