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International Finance MSc

Overview

This course can be taken full-time, part-time, or with an internship. See here for more details.

MSc International Finance is for those working or hoping to work in finance or accounting. You'll gain an academic qualification in domestic and international financial operations and you'll address current challenges and issues facing the world's international financial institutions and markets.

The course links theory and practice in international financial matters through intensive, selective and expert orientated modules with a clearly defined business outlook. One of the main attractions of this course is that it provides a wide range of modules to suit your specific interests. The content focuses on financial markets, the analysis and management of financial intermediaries and their interaction with financial instruments, investment and risk management. This will see you studying a broad range of related topics such as asset fund management, portfolio theory and investment analysis, credit risk, and financial institutions main operations and performance within an international context.

6 reasons to study here

Recognised excellence: LSBU’s Accounting & Finance subject area is ranked 4th in the Guardian University League Tables 2018. Moreover, LSBU Business School picked up the award for Accountancy College of the Year - Public Sector at the PQ Magazine 2017 awards.
Employability: Providing students with an individualised learning experience to develop the skills and aspirations that enable them to enter employment, further study, or start their own businesses. Students will get Bloomberg market certificate (BMC) during their study of the course.
Student experience: LSBU’s Accounting and Finance subject area ranked No. 1 for Satisfied with Course and No. 1 for Value Added in the Guardian University League Tables 2018. Moreover, in the latest Times University League Tables LSBU’s Accounting & Finance subject area is the best in London for student satisfaction.
Internationalisation: Developing a multicultural community of students and staff, which through international alliances and partnerships will further build our capacity and capabilities in education, research and enterprise.
Research and enterprise: Delivering outstanding economic, social and cultural benefits from our intellectual capital, by connecting our teaching and research to the real world through commercial activities and social enterprise.
Practicability and digital skills: The course is highly practical with a large part of it associated with the learning of Bloomberg software. You will learn practical skills in a real-world environment.

On this course you'll also take part in a residential weekend focused on personal development and in-depth learning. You'll exchange experiences and discuss current events and specific problems affecting the financial markets and institutions, with academics and a visitor practitioner.

Accreditations

Key course information - ordered by mode
Mode Duration Start date Location
Mode
Full-time (with internship)
Duration
19 months
Start Date
January; September
Location
Southwark Campus
Mode
Full-time
Duration
15 months
Start Date
January; September
Location
Southwark Campus
Mode
Part-time
Duration
30 months
Start Date
January; September
Location
Southwark Campus

Case studies

Modules

Semester 1

  • Empirical finance This module focuses on the use of modern econometric methodology for dealing with problems in the area of finance and provides students with the econometric tools applied in the area. It applies the techniques of mathematics, statistics and econometrics to analyse financial data so as to understand and model the underlying financial and/or economic conditions. In achieving the above, use of specialist software packages is employed.  Empirical applications are considered in the stock, bond and exchange rate markets.
  • International financial markets This module will provide students with opportunities to learn, investigate and critically analyse a range of issues relating to the economics of international financial markets. It will allow the student to understand the interrelationships and interdependence between a number of theoretical and practical issues in today’s macroeconomic decisions and their impact in the behaviour of financial markets and institutions.

Optional modules

  • Business Analysis This module develops a student’s understanding of the strategic decision making process. It will enable a student to critically evaluate an organisations strategic position, consider strategic choices in reference to an organisations future and address the way in which these strategic choices become strategic actions.
  • Financial Reporting This module develops skills in the comprehension and application of accounting standards as related to the preparation of financial statements. The module covers the preparation of financial statements for individual reporting entities. Key technical aspects of corporate reporting are addresses, theoretical issues such as earnings management and the arguments for and against regulation of corporate reporting.
  • Management Accounting
    The module introduces to the student advanced and specialised management accounting topics as applied to decision-making and performance management. The module will help the student to understand, analyse and appraise the systems used by organisations to measure and manage their performance and to implement their strategies in a changing environment. Traditionally management accounting and budgetary control systems served this function. More recently, other techniques have been proposed, such as the balanced scorecard. The module will encourage students to consider why organisations measure, what the characteristics of good measures and good measurement systems are.
  • Theories & Issues in Accounting and Finance
    The module prepares MSc Accounting with Finance students for their subsequent studies in the Research Design and Methods and Dissertation modules. The module introduces current development in financial accounting theories including the major approaches to financial management and environmental accounting. The students will practice higher level academic skills including: (a) critically analysing research articles in terms of identifying key findings and evaluating the strengths and weaknesses of the supporting evidence; (b) through synthesis and creativity will develop techniques to combine the work of several authors into a single coherent literature review based around their own personal research ideas; (c) critically reflecting on their work whilst studying this module. The students will also develop essential information searching and written communication skills.

Semester 2

  • Corporate financial management The module deals with the theory and techniques of making value-maximising investment and financing decisions based on key factors such as cash, risk and time. It also incorporates the study of the economic environment in which such decisions are taken, and addresses other specialised areas such as the profit distribution decision, merger and acquisition strategy, management of working capital and international financial management. It applies concepts and theories that are central modern financial management.
  • Research design and methods The module focuses on the nature, approaches, methods and tools/techniques of research within the broad domains of accounting, finance and (corporate) governance. In addition, illustrations and/or contextualisations from other sectors (e.g. information technology, public, voluntary and/or “third” sectors) may be used. In doing so, the module attempts to develop many of the skills and theoretical underpinnings required to complete a Master’s level dissertation in one of these domains. The module facilitates choice of a dissertation topic and strategy by the student and sensitises him/her to key research approaches and tools/techniques that could be employed when completing a dissertation.

Optional modules

  • Audit Risk
    This module equips students to develop their knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework. This module will make students critically evaluate the nature and purpose of internal audit and describe its role as part of overall performance and its relationship with external audit. In addition, this module will explore the evaluation of information systems, internal controls, audit evidence, audit planning and the audit report.
  • Governance, Risk & Ethics The module assumes essential technical skills and knowledge acquired at the Fundamentals level where the core technical capabilities will have been acquired, and where ethics, corporate governance, internal audit, control, and risk will have been introduced in a subject-specific context. The module examines the area of governance within organisations in the broad context of the agency relationship and focuses on the respective roles and responsibilities of directors and officers to organisational stakeholders and of accounting and auditing as support and control functions. The module explores internal review, control, and feedback to implement and support effective governance, including compliance issues related to decision-making and decision-support functions. The module also examines the whole area of identifying, assessing, and controlling risk as a key aspect of responsible management and covers personal and professional ethics, ethical frameworks – and professional values – as applied in the context of the accountant’s duties and as a guide to appropriate professional behavior and conduct in a variety of contexts.
  • Institutional Fund Management  This module is designed to provide students with an understanding of the theory and practice of institutional fund management, particularly as it relates to the UK. The coverage will include portfolio creation and management, asset allocation and stock selection, and portfolio performance measurement, including the use of benchmarks and their relationship with performance targets and portfolio risk. Consideration will also be given to the major types of investment institutions, including their investment aims, time horizons, tax position and regulation.
  • International Banking This elective module is directed towards students in the second semester of Masters courses that are looking for a critical understanding of the activities of international banks. At the same time the module covers elements of the theory of financial intermediation and the recent trends in the evolution of financial institutions. The module provides an overview of the crucial operations in international banking and different methods of assessing bank performance.
  • Derivatives and Risk Management This module deals with the fundamentals of financial derivatives and their use to realise investment, hedging and trading objectives. The module covers a variety of financial instruments including major types of forwards, futures, options and swaps, their payoffs both from the buy and sell side. It integrates the nature and valuations of credit derivatives, theoretical underpinning of the pricing models, an in-depth understanding and applications of various hedging and investment strategies, the changing nature of the derivatives market landscape and the role of regulation.

Strategic Modules

  • Placement (for MSc with placement only) The Placement module requires completion of an industry presentation, a reflective practice report and monthly progress reports. Students will complete a reflective practice report preceded by a 20-minute presentation and a series of monthly progress reports, which will occur at strategic points during their placement.  The reports and presentations will be aligned to the placement.
  • Applied Dissertation
    The applied dissertation module requires completion of a circa 12,000 word Master’s level dissertation in an area consistent with, and appropriate to the degree being sought. It requires that, and provides an opportunity for, the student to independently conceive, plan and execute, in an appropriately ethical manner, an appropriate piece of research based on practical and firm academic foundations. In doing so, the dissertation is required to address an issue or matter of some importance within the industry.  
  • Dissertation
    The dissertation module requires completion of a circa 16,000 word Master’s level dissertation in an area consistent with, and appropriate to the degree being sought. It requires that, and provides an opportunity for, the student to independently conceive, plan and execute, in an appropriately ethical manner, an appropriate piece of research based on firm academic foundations. In doing so, the dissertation is required to address an issue or matter of some importance across the Master’s degree being sought.

Employability

Graduates who possess an LSBU Masters degree in international finance are likely to be highly employable in trading and analyst positions, not only in the UK but throughout the world. Excellent career opportunities exist in finance, banking and investment. Graduates from this course have gone on to obtain positions in major international companies, financial institutions, regulatory agencies, credit rating agencies and financial consultant firms in the UK and overseas.

Past employability skills events held by the Department include:

"My Employability event"

My dream job
Preparing CVs and cover letters
Using databases to research the company
IT qualifications for your CV
Preparing for interviews
Managing expectations
Internships

The optional placement in arelevant business area enhances your employability skills and enables you to apply accounting and finance theory to contemporary business practice.

Employability Service

We are University of the Year for Graduate Employment - The Times and Sunday Times Good University Guide 2018.

At LSBU, we want to set you up for a successful career. During your studies – and for two years after you graduate – you’ll have access to our Employability Service, which includes:

  • An online board where you can see a wide range of placements: part-time, full-time or voluntary. You can also drop in to see our Job Shop advisers, who are always available to help you take the next step in your search.
  • Our Careers Gym offering group workshops on CVs, interview techniques and finding work experience, as well as regular presentations from employers across a range of sectors.

Our Student Enterprise team can also help you start your own business and develop valuable entrepreneurial skills.

Placements

In addition to academic rigour, the Masters is highly oriented to support your career development.

There is an optional placement in a relevant business area to enhance your employability skills and apply accounting and finance theory to contemporary business practices.

If you take part in a placement, the dissertation may be linked to your placement experience.

A placement is not currently offered on the part-time mode.

Staff

Shashi Kumar

School/Division: Business / Accounting, Finance and Economics
Job title: Senior Lecturer

Shashi has expertise in corporate and strategic financial management, institutional fund management, international finance, security analysis, portfolio management, portfolio performance measurement, mergers and acquisitions, valuations and research design and methods.


Dr Weiou Wu, PhD

School/Division: Business / Accounting, Finance and Economics
Job title: Lecturer, Finance

An expert in financial markets and econometrics, Weiou has worked on large-scale projects, such as INET funded Debt and Demography Project. Research interests: sovereign debt, debt restricting, and the relation between assets and income.


Facilities

Specialist industry software prepares our students with the digital skills that employers' value. Students on our programmes have access to Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, NVivo, and SPSS.

Why not read about how a LSBU student took first place in Bloomberg’s prestigious annual Investment Challenge (BIC) competition.

Read more about the Division of Accounting and Finance's specialist facilities and software.

Students using Bloomberg facilities

Teaching and learning

This course will develop your key skills in:

  • Understanding the core of international finance in the modern global marketplace
  • Understanding the theoretical basis for understanding the nature of international financial operations and their complexity.
  • Understanding of the employment of theoretical principles to deal with practical situations faced by investors, business and financial institutions
  • Developing research problems/questions in the area of investment, banking and finance.

You will also benefit from the Department's experienced lecturers, excellent learning materials, and small class sizes. Workshops, seminars, case studies and student led discussion facilitate more active modes of learning. You'll receive training in the use of Bloomberg and Thomson-One Banker, and specialist software (SPSS and N-Vivo)during seminar sessions and in the development of assignments, and dissertation/Business Project.

Entry requirements

In order to be considered for entry to the course(s) applicants will be required to have one of the following qualifications:

  • 2.1 honours degree in any subject from the UK or Bachelors degree equivalent to UK Second Class Upper Division; or
  • 2.2 honours degree in relevant subject area; or
  • Students with a non-relevant degree but with at least a 2.2. Honours and relevant work experience in financial services will be considered on an individual basis; or
  • the Fundamental Level (Knowledge and Skills) of the ACCA professional examinations; or
  • Completion of the Operational and Management levels of CIMA examinations; or
  • Other relevant professional qualifications including from overseas.
  • Required English language skills to undertake this programme IELTS (International English Language Testing Service) 6.5.

Accreditation of Prior Learning: 

Applicants may be required to attend for interview by the Course Director or Admissions Tutor.

How to apply

International students

International (non Home/EU) applicants should follow our international how to apply guide.

Instructions for Home/EU applicants
Mode Duration Start date Application code Application method
Mode
Full-time (with internship)
Duration
19 months
Start date
January; September
Application code
4573
Application method
Mode
Full-time
Duration
15 months
Start date
January; September
Application code
4548
Application method
Mode
Part-time
Duration
30 months
Start date
January; September
Application code
4549
Application method

Full-time/part-time postgraduate students and research students apply through the UCAS Postgraduate. Full details of how to do this are supplied on our How to apply section for postgraduate students and our How to apply section for research students.

Postgraduate applicants are required to provide up to two references as part of their application.

Accommodation

Students should apply for accommodation at London South Bank University (LSBU) as soon as possible, once we have made an offer of a place on one of our academic courses. Read more about applying for accommodation at LSBU.

Finance

It's a good idea to think about how you'll pay university tuition and maintenance costs while you're still applying for a place to study. Remember – you don't need to wait for a confirmed place on a course to start applying for student finance. Read how to pay your fees as a postgraduate student.

Postgraduate Application Service

Book a session with one of our specialist Postgraduate Advisors. Over a one on one Advice Session they'll advise you on postgraduate degrees at LSBU that match your interests and experience. Book an Advice Session.

Fees and funding

Fees are shown for new entrants to courses, for each individual year of a course, together with the total fee for all the years of a course. Continuing LSBU students should refer to the Finance section of our student portal, MyLSBU. Queries regarding fees should be directed to the Fees and Bursaries Team on: +44 (0)20 7815 6181.

Full-time
Part-time
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4548Session code: 1FS01
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4573Session code: 1FS04
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4573Session code: 1FS01
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4573Session code: 1FS05
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4573Session code: 1FS02
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4573Session code: 1FS03
The fee shown is for entry 2018/19.
UK/EU fee: £9640International fee: £14065
AOS/LSBU code: 4573Session code: 1FS00
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4548Session code: 1FS00
The fee shown is for entry 2018/19.
UK/EU fee: £8700International fee: £13125
AOS/LSBU code: 4548Session code: 1FS02
The fee shown is for entry 2018/19.
UK/EU fee: £2900International fee: £4375
AOS/LSBU code: 4549Session code: 1PS04
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £2900International fee: £4375
AOS/LSBU code: 4549Session code: 1PS01
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £2900International fee: £4375
AOS/LSBU code: 4549Session code: 1PS03
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £2900International fee: £4375
AOS/LSBU code: 4549Session code: 1PS00
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £2900International fee: £4375
AOS/LSBU code: 4549Session code: 1PS05
Total course fee:
UK/EU £8700
International £13125
The fee shown is for entry 2018/19.
UK/EU fee: £2900International fee: £4375
AOS/LSBU code: 4549Session code: 1PS02
Total course fee:
UK/EU £8700
International £13125

For more information, including how and when to pay, see our fees and funding section for postgraduate students.

Possible fee changes

The University reserves the right to increase its fees in line with changes to legislation, regulation and any governmental guidance or decisions.

The fees for international students are reviewed annually and, additionally, the University reserves the right to increase tuition fees in line with the RPIX measure of inflation up to 4 per cent.

Postgraduate loan (PGL) for Masters study

If you are starting a Masters course, studying either full- or part-time, you may be entitled to apply for a postgraduate study loan. Find out more at our postgraduate fees and funding section.

Scholarships

We offer several types of fee reduction through our scholarships and bursaries. Find the full list and other useful information on funding your studies on the scholarships and fee discounts page.

Fee status

Please check your fee status and whether you are considered a home, EU or international student for fee-paying purposes by reading the UKCISA regulations.

Case studies

Select a case study and read about practical project work, students' placement experiences, research projects, alumni career achievements and what it’s really like to study here from the student perspective.

Prepare to start

We help our students prepare for university even before the semester starts. To find out when you should apply for your LSBU accommodation or student finance read How to apply tab for this course.

Enrolment and Induction

Enrolment takes place before you start your course. On completing the process, new students formally join the University. Enrolment consists of two stages: online, and your face-to-face enrolment meeting. The online process is an online data gathering exercise that you will complete yourself, then you will be invited to your face-to-face enrolment meeting.

In September, applicants who have accepted an unconditional offer to study at LSBU will be sent details of induction, which is when they are welcomed to the University and their School. Induction helps you get the best out of your university experience, and makes sure you have all the tools to succeed in your studies.

Read more about Enrolment and Induction.

Suggested reading

  • David Alexander, Anne Britton and Ann Jorissen (2011). International Financial Reporting and Analysis, 5th edition, Cengage Learning EMEA.  (Chapters 9 and 23 in particular) ​
  • Terry J. Watsham, Keith:  Parramore (2015). Quantitative Methods in Finance, Edition: 2nd Thomson Business Press
  • The Economist. Weekly magazine
  • The Financial Times. Daily newspaper

 
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Contact information

Course Enquiries - UK

Tel: 0800 923 8888

Get in touch

Course Enquiries - EU/International

Tel: +44 (0) 20 7815 6189

Get in touch
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