This course has been developed to offer thought leaders in the financial planning sector the opportunity to contribute to the broader development of the profession through study of financial planning concepts, theories and models, and engagement in applied research. You will work with like-minded individuals and be supported by academic staff, with expertise in the financial planning area, throughout the research process, culminating in submission of a dissertation.
Units on the programme will include the following core themes:
• Understanding research philosophies and methodology
• Critically reviewing existing literature
• Formulating a research design
• Collecting and analysing data
• Writing a dissertation.
Additionally, the 120 credit programme has a behavioural economics and financial decision-making unit.
Course in Depth
Units On the programme will cover the following themes:
Behavioural economics and financial decision making
This unit develops an understanding of the use of the concepts and techniques of behavioural economics, with particular focus on the design of financial products and investment portfolios. The ability to synthesise and analyse the data necessary for portfolio construction and asset allocation is examined using the principles and techniques of behavioural finance. The unit includes an advanced study of the behavioural biases related to finance and economic policy, using case studies e.g. The sub-prime mortgage crisis to understand why people make so-called irrational decisions. Furthermore, you will be prepared for a behavioural analysis of policy. There is also an opportunity to explore the application of key statistical techniques and research methodologies.
Academic and Professional Development
This is a unit that has been designed to help you develop critical thinking, reflective thinking and other study skills, including analysis and research skills to successfully study at Masters level and to prepare the ground for you to move forward into the Dissertation stage.
Dissertation (60 credits)
The Academic & Professional Development unit provides the foundation for this, the final stage of your MSc. Upon successful completion will have demonstrated ability to:
•Identify the macro and micro organisational context for your dissertation and the objectives of their research.
•Critically review and synthesize the relevant literature on the subject area in order to construct a conceptual framework to underpin your research.
•Identify the nature of relevant evidence and associated data sources to support achievement of your research objectives.
•Apply an appropriate methodology for collecting and analysing primary data with due regard to ethical considerations.
•Interpret and present data clearly, integrating data from different sources where applicable and critically discussing your findings.
•Appraise the implications of your research outcomes to managerial professional practice in response to strategic issues.
The principal objective of these programmes is to examine knowledge claims and understanding of financial planning concepts, theories, behaviour and management practices, and to develop your skills to allow you to undertake a meaningful piece of applied research. The outcome of your research will add to the exiting body of knowledge in your chosen area and make a contribution to the development and status of financial planning as a profession.
Feedback from graduates suggest that your experiences and attainment of the MSc qualification will provide opportunities for you to add value to, and to differentiate, the financial planning services you provide.
•You will be taught in the Business School’s £75 million teaching and research headquarters on All Saints Campus. Watch the video to find out more.
•This programme has an advanced standing route for mature students who have relevant professional qualifications and substantial work experience in a financial planning environment. Through advanced standing we can give you academic credit for your current qualifications. Consequently you only need to study selected units and can achieve an MSc in a shorter timeframe. The tuition fees for this route are also lower because you only pay for the units you need to take rather than having to study all the units for the MSc.
•This programme is delivered by academics with an appreciation of the issues being addressed by financial planning communities and research expertise that is , underpinned by academic study, professional qualifications and several years’ experience of supervising individuals with little or no previous experience of the rigours of academic research.
•Watch a student story video: Mark Ormston, MSc Financial Planning and Business Management: https://www.youtube.com/watch?v=JRB4OQnQmEU
•Watch a student story video: Jayne Gibson, MSc Financial Planning and Business Management: https://www.youtube.com/watch?v=q1VBPmOGZXM
All applications will be considered on an individual basis. Advanced standing – 120 credit programme, 15 months:You have gained the Chartered Financial Planner and, or CertifiedFinancial Planner qualification (or equivalent).Advanced standing – 90 credit programme, 10 months:You have gained Fellowship of the Personal Finance Society, Fellowship of the Chartered Insurance Insitute and, orFellowship of The Institute of Financial Planning.In addition, for both programmes:• You have a minimum of four years of relevant management experience.• You are engaged in formal continuing professional development (CPD) activities.
Please refer to our website for the latest fee information.