About This Masters Degree
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. This would enable you to complete the taught part of the course in one semester.
The course provides exemption from up to seven papers of the Association of Chartered Certified Accountants (ACCA) exams. The Westminster Business School is a Gold approved learning partner and one of just three UK institutions where students qualify for so many ACCA exemptions on completion of a one-year course.
Course ContentAs 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.
Core modules- Financial Accounting Policy and Practice
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.
- International Risk Management
This module provides you with the fundamental ideas and tools for thinking about international risk management.
- Managerial Accounting
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.
- Modern Finance
You will gain an overview of fundamental topics in the field of finance, including capital structure, corporate value, cost of capital, dividend policy, financial instruments, investment and modern portfolio theory.
An 8,000 – 10,000-word dissertation in the area of either accounting or finance.
- Research Methods in Finance and Accounting
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.
OptionsChoose two from:
- Corporate Governance and Business Ethics
- Data Analysis
- Financial Derivatives
- Financial Information Systems
- Financial Markets and Institutions
- Fixed Income Analysis and Trading
- International Financial Reporting
- Modern Portfolio Management
Accredited internshipAll students on our full-time business Masters courses can apply to undertake the PG/MBA Internship Programme Reflective Practitioner Module. This is an 8 week unpaid accredited internship, which can be taken in addition to option modules and will help students to gain invaluable work experience. The internships, which are with London-based organisations, take place during the summer period. To apply, students must submit a completed application form and a copy of their updated CV to the Business Experience Team; the team then shortlist from the applications and conduct group meetings with the applicants.
Ultimately it is up to our internship employers to decide whether they would like to interview the candidate(s) and offer him/her an internship. We have received very positive feedback from both postgraduate students and employers and expect that the internship programme will continue to remain popular amongst our students.
CareersAs an MSc Finance and Accounting 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.
The MSc Finance and Accounting gives exemption from seven papers of the Association of Chartered Certified Accountants (ACCA) examinations.
EmployabilityAt Westminster, we have always believed that your University experience should be designed to enhance your professional life. Today’s organisations need graduates with both good degrees and employability skills, and we are committed to enhancing your graduate employability by ensuring that career development skills are embedded in all courses.
Opportunities for part-time work, placements and work-related learning activities are widely available, and can provide you with extra cash and help you to demonstrate that you have the skills employers are looking for. In London there is a plentiful supply of part-time work – most students at the University of Westminster work part time (or full time during vacations) to help support their studies.
We continue to widen and strengthen our links with employers, involving them in curriculum design and encouraging their participation in other aspects of career education and guidance. Staff take into account the latest data on labour market trends and employers’ requirements to continually improve the service delivered to students.
Finance and Accounting (MSc)
page on the University of Westminster website for more details!
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. 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.