Why choose this course?
MSc in Economics and Business Administration - Finance is a general university education in finance. It provides students with thorough knowledge of and competence in finance. Upon graduation, our students are expected to begin careers in financial institutions, regulatory bodies, consulting businesses or finance departments in non-financial companies.
The programme has a clearly defined structure with a focus on global finance so the programme is relevant for all international students. The global financial markets are highly developed and integrated and as a consequence of this complexity and sophistication, there is an increasing demand for graduates with degrees in finance at the highest level. Therefore the programme is perfect for students seeking a career in finance in a global setting.
The ultimate ambition of the programme is to prepare our students for making the right decisions at the right time; this ability requires excellent analytical skills and a talent for embracing all relevant data, as well as cultural issues.
Finance and other advanced research areas are based on statistical and mathematical models. Therefore it is an advantage for students to be familiar with these areas before the programme begins. The models are integrated into the courses so that the students study the models in relation to their application. It is our experience that the learning outcome is much higher when the models are part of the various courses.
The latest research in finance is integrated into the programme and many of the professors are internationally well-known teachers and researchers. Our programme also uses external lecturers from local financial institutions as well as visiting faculty members from internationally acclaimed universities.
1st semester: Prerequisite courses
The first semester you will follow three prerequisite courses that form the methodological and academic basis for the further study programme. Below you will find some details about the courses.
In Corporate Finance I the general aim of the course to provide the participants with profound knowledge about financial decision making in corporations. It is important to underline that although the course is focused on the managerial problems, decisions must be based on a solid theoretical framework.
You will get more in-depth knowledge in the following course, Corporate Finance II, which aims to extend the knowledge about financial decision making in corporations provided by the preceding course, Corporate Finance I, with a special focus on real options and risk management.
Moreover you will be taught Portfolio Theory and Investment Analysis, which focuses on theories and empirical methods for analysing equity markets.
Another course is Fixed Income Securities, which focuses on theories and methods for analysing fixed income markets.
Finally you will be introduced to Applied Econometric Methods I and Applied Econometric Methods II. The purpose of the fist of the two mentioned courses is to introduce the students to the most widely used quantitative and empirical methods in econometrics, including in particular financial econometrics. In Applied Econometric Methods II the course extends the time series analysis from Applied Econometrics Methods I with special emphasis on relevant financial models and applications. For forecast purposes, models of financial time series and econometrics will obviously be of major relevance.
2nd semester: Specialisation courses
On the second semester the student will be provided with an insight to the different perspectives on finance in the different courses.
Among these are Bank Management focuses on the financial system and the role of banks in the capital market. Also the financial regulation of markets and institutions is integrated into the course. The main aim of the course is to provide students with insight into the management tasks that banks and mortgage credit institutions face.
Moreover, the students will be introduced to Securities Market covers the parts of the financial curriculum that are related to trading in markets for financial instruments. As such it complements the standard courses in asset pricing, corporate finance, bank management and financial institutions with issues from the field of market microstructure.
Another perspective is that of Financial Engineering. This course illuminates the financial derivatives such as forward, futures, swaps, and options are increasingly important instruments applied by agents of financial markets. The course focuses on describing and understanding these instruments, and on the underlying markets such as money markets, bond markets, stock, currency, and commodity markets.
During the 2nd semester the student will also get knowledge about Financial economics, which is nowadays quite often based on empirical investigation. This course provides you with many different methods to analyse financial data. Among the many models are event studies, models to analyse the term structure of interest rates as well as ARCH and GARCH models.
3rd semester: Electives or study abroad
In the third semester you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at the AU Summer University or at one of our more than 300 partner universities abroad. You can also participate in internship programmes either in Denmark or abroad.
4th semester: Final thesis
The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and in this way get a chance to concentrate on and specialise in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort. When the thesis has been submitted, it is defended before the academic advisor as well as an external examiner.
Develop the specialist accounting skills and knowledge needed to pursue a career in forensic investigation and dispute resolution on this master's course. A forensic approach to accounting is often used in the workplace and this course allows you to specialise in this field.
Through the forensic accounting modules, the course gives you specialist insight into the forensic analysis of financial accounts and methods used in dispute resolution. Your studies into electronic crime show how new media can be exploited in financial fraud and how such actions can be traced.
You also gain an understanding of the legal issues in a forensic context. Part of your study involves increasing your knowledge of the legal framework in relation to the law of evidence and studying accounting in a legal context.
The corporate governance and ethics module shows you the importance of good governance and ethics to organisations and society throughout the world, so you can apply these ideas in your future career.
Your module choice allows you to tailor your study to an area of interest.
The financial analysis module gives you the ability to understand and utilise financial and other information in connection with identifying manipulation of financial statements.
This is an academic degree and as such you will gain analytical and technical research and consultancy skills. You develop knowledge and a reflective understanding of methodological and philosophical issues in research and consultancy with specific reference to finance. As an extension to this, you will develop your ability to critically evaluate published research and develop your own research skills. It provides the key steps in developing your understanding of the nature of the postgraduate dissertation and approaches to undertaking one.
You undertake an extended piece of research, which you design and carry out under the direction of an academic tutor.
You gain transferable skills relevant to the current national and international business world, in areas including problem solving, communication and information technology.
The team delivering the course has strong links with the Association of Certified Fraud Examiners (ACFE), Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants(CIMA) and Association of Corporate Treasurers (ACT).
Professional body membership
Your student membership fees for Association of Certified Fraud Examiners for your year of study are paid by the University allowing you to have full access to their member resources to help you complete your specialist modules.
We are a member of the Anti-Fraud Education Partnership with the Association of Certified Fraud Examiners.
Our graduates are well-equipped for a range of careers as the course develops skills that are required by a broad range of industries. We have a team of specialist recruitment advisers and run a range of careers and recruitment events.
You can find careers in any accounting related-profession, or you can specialise in detecting financial fraud through forensic investigation.
Graduates from this course are equipped for professional roles in accounting and finance, such as • accountant • finance or accounting manager • financial controller • financial analyst • financial consultant • researcher or educator.
You can also use the course to help your career development if you are in the police, legal and penal professions.
The rise in importance, complexity and uncertainty of international financial management poses a challenge for multinational organisations and those who wish to pursue a career within them.
The Masters in International Financial Management provides the theoretical framework and practical skills required to meet the needs of future international finance and accounting professionals.
The programme takes an integrated approach to finance, accounting and international business, delivering a coherent view that explores the interrelationships between the various components of the programme.
The programme also provides a valuable foundation for those contemplating academic careers in this field and/or further study at PhD level.
This programme is studied full-time over one academic year.
Example module listing
The following modules are indicative, reflecting the information available at the time of publication. Please note that not all modules described are compulsory and may be subject to teaching availability and/or student demand.
Compulsory modules for Semester 1:
Compulsory modules for Semester 2:
Optional modules for Semester 2:
The programme aims to provide a high quality, vocational education which is intellectually rigorous and up-to- date, as well as relevant to the needs of existing and future managers, executives and other professionals in specific subject areas.
In addition to subject-specific knowledge, the programmes aim to develop generic management skills necessary to be effective in today's challenging business environment.
The programme has a business management orientation related to the service sector and draws upon a range of cognate areas of study to explain and analyse the particular sector.
For each sector it takes an integrated approach so as to provide a coherent exploration of the inter-relationships between the various components. In addition, by way of elective modules, students on some programmes can specialise in particular aspects relevant to their backgrounds, interests and aspirations.
Where appropriate, programmes are international in scope and coverage, and lecturers draw upon the most recent research to inform their teaching. The programmes aim to develop students as independent and reflective learners, able to continue their learning once in their chosen professions.
Knowledge and understanding
Upon completing the programme, students will have:
Intellectual / cognitive skills
Students will develop the ability to:
Professional practical skills
Students will be able to:
Key / transferable skills
Students will gain a range of generic skills relevant to the needs of existing and future managers, executives and professionals, irrespective of their sector of operation (these will include analysis and synthesis, oral and written communication, computing/IT literacy, critical reasoning, data analysis, organisation and planning, problem solving, independent and group working and research)
We often give our students the opportunity to acquire international experience during their degrees by taking advantage of our exchange agreements with overseas universities.
In addition to the hugely enjoyable and satisfying experience, time spent abroad adds a distinctive element to your CV.
Learn more about opportunities that might be available for this particular programme by using our student exchanges search tool.
Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).