Over the past two or three decades or so, Islamic banking and finance has emerged as another viable way of financial intermediation. It has gained credibility and has spread worldwide and is the preferred way of banking for one fifth of the world's population. This taught MBA offers an opportunity to study the structure of the Islamic banking and finance industry, including its theoretical foundations, products, performance, Islamic financial instruments and risk management issues. These and other topics will be studied within the wider context of the banking and finance industry worldwide. The MBA aims to develop executives who will progress quickly to senior management positions in institutions that transact banking business on Islamic principles.
January intake: Taught modules are undertaken in the period of January to June and September to January and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
September intake: Taught modules are undertaken in the period of September to June and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
Organisations and People: This module examines key issues arising from contemporary research in organisational behaviour (OB) and human resource management (HRM). It provides an integrated analysis of management, organisations and people, developing the conceptual, strategic and practical skills necessary for managers in complex, global organisational contexts.
Management Research: This module analyses the philosophical basis for research in the management sciences, and examines a number of key methodological issues and approaches. Research designs for both quantitative and qualitative research methodologies are developed, including interviews, case studies, focus groups, surveys and experiments.
Islamic Finance: This course provides an insight into topical issues relating to Islamic financial instruments and related risk management issues. The first part of the course examines issues relating to financial contracting, instruments and various intermediation issues. The second part of the course focuses on the role of the capital market in providing Islamic financing and highlights financial engineering issues and well as risk management features of this type of business.
Islamic Banking: This module provides an insight into the key features of Islamic banking business. The first part of the course outlines the theoretical foundations and development of Islamic banking practices. In particular, the main characteristics of various types of Islamic banking products are discussed. The second part of the course examines the operational features of Islamic banks focusing on their performance and how they compete with conventional interest-based banks. The final part of the course outlines contemporary challenges to Islamic banking business.
International Banking: This module examines the origins of international banking, the activities of international banks, the markets in which they participate, and the sources of risk. You will investigate the determinants of the efficiency of international banks, and evaluate the implications for banks' strategic decision-making.
International Strategic Management: This module analyses strategic decision-making within business. You will develop a critical understanding of the strategic processes of business management, the interconnections with the functional domains of marketing, human resource management and corporate finance, and the management of knowledge systems.
Marketing Financial Services: This module surveys the tools of modern financial services marketing, focussing on the key methods of financial services marketing in the acquisition of customers and sale and distribution of financial services. The module progresses considering consumer behaviour, the changing customer demands, consumer heuristics and biases and ways in which financial services marketing has succeeded and failed.
Islamic Accounting and Financial Reporting: This module develops a critical awareness of theoretical and practical approaches to Islamic accounting and financial reporting. Islamic accounting standards are compared with IFRS, and the content and impact of academic research in this area is examined.
Contemporary Issues in Management: This module develops several theories and concepts introduced in Organisations and People, critiquing key issues arising from contemporary research in organisational behaviour (OB) and management. It provides a detailed and critical analysis of management, further developing the conceptual, strategic and practical skills necessary for managers in complex, global organisational contexts.
Banking and Development: This module critically evaluates the theory underlying the policy of financial liberalisation, and examines its implementation, primarily in developing countries. The impact of financial liberalisation on the financial systems of developing countries is analysed in depth.
Islamic Insurance: This module analyses the nature and principles of Islamic insurance, and examines the operational modes and practice of Islamic insurance. The structure of Islamic insurance markets is described, and constraints and opportunities for Islamic insurance and Islamic insurance accounting are highlighted.
Marketing Strategy: This module critically evaluates the contributions of various schools of thought in marketing, and examines the relevant analytical models and management practices, with emphasis on the strategic importance of marketing to all organisations.
Merger and Acquisition: This module provides an analysis of incentives and outcomes associated with merger and acquisition deals. It covers the development and execution of an acquisition strategy, the valuation of the target, the conduct of the negotiation, and the implementation of the post-merger integration plan.
Understanding today’s global economic and business landscape requires insights from both economics and business studies. Therefore the specialisation International Business (IB) combines both fields of study, focusing specifically on their relevance for firms that operate in an international environment.
See the website http://www.ru.nl/masters/ib
In this specialisation, you can opt for a Master’s in Business Administration or a Master’s in Economics. The difference lies in the focus of the studies:
In this specialisation, you will be offered a strategic perspective on ways of gaining a competitive advantage in the global marketplace that aim to create both economic and social value. This suggests adopting a balanced outlook on relations with market and nonmarket stakeholders for a sustainable performance, seeking responsiveness and global efficiencies in marketing efforts, and innovating in emerging and developing markets.
In this specialisation you are taught to answer questions such as: What are the consequences of the rise of emerging economies, such as China and India, for the structures and strategies of multinationals? How does the success of a cross border merger or acquisition depend on differences in institutions and cultures between host and parent countries? And what are the effects of trade agreements on the (location) strategies of multinationals?
- A broad perspective on issues that are relevant for globally operating firms
- A focus on recent scientific insights and modern methods of applied research
- An excellent reputation in the Netherlands and abroad
- Small group teaching and close contact with professors and their research
- Good career prospects across the world
In the IB/Economics specialisation, we combine the latest economic theories with the cultural aspect of doing international business. Therefore, graduates will understand that doing business globally requires more than an understanding of economic principles. In the IB/Business Administration specialisation, we push the boundaries of our conventional thinking by reflecting theoretically and empirically on what mainstream international business perspectives mean for emerging and developing markets as well as nonmarket actors for the mutual creation of economic and social value. Graduates will be able to give their future employees a new and fresh look on the process of globalisation and how their company can manoeuvre and position themselves in multiple countries and markets.
One of the most important skills graduates of the Master’s specialisation in International Business will acquire is to report independently and thoroughly on various issues within the broad realm of international business. You will learn to include empirical and theoretical studies as well as the outcomes of your own independent research, not as a means to an end but in as far as it is relevant to the given advice. In other words, creating a policy paper of academic quality that is both understandable and practicable for businesses. And in order to remain a strong, self-sufficient professional you will learn how to continually maintain a critical attitude towards your own work and that of others in your field.
Our graduates have the necessary knowledge and skills to be able to work for large and medium sized international companies, consultancy firms, government and not-for-profit organisations, banks or within research or education. In particular, it will be multinational enterprises and consultancy firms that advise on international mergers and acquisitions, that will be very interested in your skills and know-how after completing the International Economics and Business Master’s specialisation.
The Master’s specialisation International Economics & Business looks at all aspects of both international financing as well as international entrepreneurship, of both the flow of capital as well as the flow of trade.
- International financing
Students will study the latest developments in financial markets, monetary policy, exchange and interest rates along with their consequences for the risk management and finances of firms. Should a firm seek its financial backing for an international expansion in the parent or host country? To answer this question you will not just need knowledge of exchange rates and such but also need to understand the economic system of the host country. The type of service/product a firm has to offer often determines the course of action. Can financial backing for a certain sector be gotten at banks or is it more likely to be gotten in the form of private equities?
- International entrepreneurship
As for international entrepreneurship, students will take an in-depth look at different options for expanding abroad: opening branches or factories, outsourcing, mergers and acquisitions and joint ventures. Students will deliberate the pros and cons of certain options. Is a joint venture desirable, or, as is the case in China, is it mandatory? What could hinder a merger? What activities could we outsource abroad without quality loss?
- Differences in institutions and culture
Students will come to understand that the success rate of cross border business is not just about economic principles but is also influenced by differences in institutions and culture of host and parent countries. Therefore, besides the firm's profitability, this Master’s specialisation also focuses on the differences in formal rules (institutions) and informal customs and forms of communication (culture). These aspects are relevant for almost all international organisational activities.
Important to note is that this Master’s specialisation is about the multinational firm and the economic, social and political environment it has to operate in. It is not about internal organisational processes, such as personnel management or account management. We focus on issues concerning global marketing and understanding the general international arena that these companies engage in. This knowledge enables students to determine if expansion to certain regions and economic systems is feasible or even desirable. Can we protect our intellectual property in country X? Is a joint venture our best option or is it our only option?
See the website http://www.ru.nl/masters/ib
This interdisciplinary programme addresses the convergence of security and development issues, and its implications for analysing the reconstruction of war-affected societies.
The course bridges the themes of conflict, liberal styles of governance and aid policy. You will analyse the ways in which security, development and humanitarian agents adapt to instability. You will also examine the significance of globalisation for the emergence of internal conflict, and for the development of trans-border economics and the political dynamics they may support.
This unique programme gives you the opportunity to study regionally differentiated responses to conflict in, for example Africa and Afghanistan, and to discuss issues relating to humanitarian conditionality, containment and the role of international organisations and NGOs.
Our academics are widely recognised as leading experts in their field. The research-led teaching you will benefit from is directly informed by the cutting-edge research that occurs within the Centre for Global Development, which involves more than 60 academics from across the University, as well as the Leeds University Centre for African Studies (LUCAS), which brings together scholars with an active interest in Africa from across different schools and faculties at the University of Leeds.
In addition, colleagues working in the International Relations and Security research group participate in research clusters on ‘The Responsibility to Protect and Protect’ and ‘Contemporary Democracy and Authoritarianism’ as well as the ‘Middle East Research Group’.
This programme offers you the most depth and breadth of any course that focuses on the increasing merger of development and security issues. It does so by unparalleled case study expertise on political and social reconstruction from war-affected societies across Africa, Asia and the Middle East.
The compulsory and optional modules studied will give you the opportunity to:
The compulsory module examines the economic and political elements of contemporary internal and regionalised conflict. You will look at humanitarian, developmental and security policy responses and investigate the organisational adaptations that are emerging among state and non-state actors in relation to such instability.
You will also be able to hone your research and writing skills in your compulsory dissertation – an independent piece of research on your chosen topic.
The wide-ranging list of optional modules means that you can explore a diverse range of related subjects of interest to you.
If you are a part-time student, you will take one compulsory module and choose one optional module in your first year. You will then take the compulsory dissertation module and two optional modules in your second year to complete your programme.
Teaching is through a combination of lectures, lively seminar discussions and guided weekly readings. We expect you to participate fully in taught sessions and to study independently, developing your skills and preparing for lectures and seminars. You will also be able to benefit from an impressive range of research talks and seminars led by outside speakers or colleagues from within the department and University.
Within modules, assessment currently consists exclusively of assessed essays. At the end of your studies, a 12,000 word dissertation will allow you to pursue your own research interest under close supervision by one of our expert colleagues.
This programme provides you with an ideal preparation for a career in the international political arena.
Our graduates have pursued a range of exciting and high-profile careers within academia, think tanks and other organisations. These include: teaching and research positions at universities in the UK, US, Europe and Africa; the public sector in the UK (such as UK Border Agency), Europe (including the External Action Service) and Africa (such as police forces); globally operating consultancy and publishing firms; transnational civil society organisations; and the United Nations.
Many graduates continue to pursue their research interests as PhD students.
We encourage you to prepare for your career from day one. That’s one of the reasons Leeds graduates are so sought after by employers.
The Careers Centre and staff in your faculty provide a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.