The upcoming Intake is now open for application
Duration: 2 years
Study format: Part-time, Blended learning: Online + Practical workshops (Case-based approach)
*Note:
1) HK permanent residents are eligible to apply for the government's Extended Non-means tested loan (terms & conditions apply).
Assessment: 2 assignments (individual and/or group) per course (*NO exams*)
Prerequisite: A finance background is NOT required
The programme will equip you with the financial acumen you need to succeed and solve business challenges in any sector. Whatever function you work in, skills and knowledge in areas such as
- Corporate finance
- Financial markets
- Financial accounting
will build your credibility and ability to see the big picture for your organisation within a global context.
You will learn how to:
- Understand the interplay between well-functioning financial markets and successful companies
- Apply a full range of financial techniques to real-life business situations
- Describe, analyse and interpret financial data from markets and companies
- Search and gather relevant financial information from multiple sources, including companies' annual reports and financial databases
- Offer data-based solutions to complex and relevant business challenges, for example:
- Evaluating the performance and riskiness of a company or an asset
- Selecting valuable investment projects
- Determining the type of capital a company should raise to fund investment
- Analysing a company's financial strategy
Read Course Director, Professor Arif Khurshed's media interview >>
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Identical UK awarded
The same Master degree certificate as our full-time and part-time students in Manchester
World recognized
The University of Manchester is ranked 27th (QS World University Rankings 2022) (for 3 consecutive years). Alliance Manchester Business School’s Accounting and Finance Studies is ranked 17th globally (QS World Rankings 2021).
Cutting-edge research
International powerhouse for Financial Technology (FinTech) research, teaching and innovation. Data Visualisation Observatory, the first of its kind in the UK, offers interactive 3D visualisation of data to visualising monetary flows and stock market behaviours in Fintech.
World-class Faculty
Taught by one of Europe’s most experienced Accounting and Finance teams, with access to some of the most extensive financial databases and learning material around. Dedicated to educating the next generation of analysts, managers, stakeholders, regulators, investors, and entrepreneurs.
Flexible study
Studying a flexible course means you can learn while you continue to work and apply the skills and knowledge you learn immediately to solve your day-to-day business challenges in finance.
Practical
Designed for executives who require a better understanding of the financial impact of strategic business decisions (case-based learning).
Holistic & well-rounded curriculum
Professional and Personal Development activities enable easy access to hands on examples, e.g. Fintech - Blockchain, AI, Big Data, Virtual Banking etc., Compliance - Risk Management, Forensic, Crowdfunding/Finance startup and growth of new ventures, industry trends etc.).
Career support
Consultants are committed to supporting your journey towards a rewarding graduate destination. Some of our career services include fine tuning your CV/rèsumè, developing your interview skills, individual career counseling, career workshops and mentorship matching. Our support continues throughout your time with us and after you graduate.
Alumni and networking
Join the ranks of our senior management and C-Suites working in top financial institutions across the globe. When you join our MSc Financial Management programme, you become part of an extensive network of the 60,000 Alliance Manchester Business School alumni across 176 countries worldwide.
Curriculum
This programme includes 8 core courses and 1 group project
As you progress through the MSc Financial Management, you will study:
- Foundation units in finance and accounting
- Units in more advanced areas of finance
- A final supervised project where you will analyse and exploit real-world financial information to address a complex business challenge. This is an opportunity to deepen your finance knowledge and apply the skills and techniques you have learned
What does a typical course unit look like?
- Delivered online + three-day face-to-face workshop (either at the start or around the middle of the teaching period)
- Studied over a five-month period (total of 150 hours of study per unit)
- Taught from an applied perspective using practical elements, such as problem-solving, case studies, interactive activities and online quizzes, so you can apply your learnings immediately
- Assessed by ongoing coursework with no exams (you will typically complete two individual/group assessments per course)
- Informed by the latest cutting-edge research in finance
- Taught by academics with extensive financial expertise and significant finance teaching experience
1. Foundations of accounting
- Introduction to accounting
- Accounting conventions and techniques to support organisational decision-making
- Foundations and principles of management and financial accounting
2. Foundations of finance
- Introduction to finance
- Time value of money and asset valuation
- Cost of capital and capital budgeting techniques
3. Corporate finance
- Introduction to corporate finance
- Cost of capital estimation and advanced capital budgeting techniques
- The choice between equity capital and debt capital
4. Global financial markets and institutions
- Overview of the global financial system
- Banking and financial regulation, investment banking and private equity
- Risk management and hedging strategies
5. Financial statement analysis
- Strengths, limitations and developments in contemporary financial reporting
- Interpretation and assessment of firm performance
- Credit and debt analysis to predict the likelihood of financial distress
6. International financial management
- Principles underlying financial decision-making by multinational corporations
- Foreign direct investment decisions, exchange risk and hedging techniques
- Political risk measurement and management
7. Venture capital and private equity
- Introduction to venture capital and private equity
- Fund raising activities by private equity investors
- Identification of capital investment opportunities and capital allocation, and management of investments to maximise returns
8. Business models and financial strategy
- Evaluation of alternative business models to create and capture value
- Short- and long-term financial decisions over the lifecycle of the firm
- Fintech and other innovative sources of finance
Group research project
- Identification of topic to study and formulation of plan to collect information and data on the topic
- Selection of suitable methods and analysis of information
- Dissemination of the results of the study
2 online preparation courses (part of group research project):
1. Data analysis and statistical techniques
- Basic econometric tools to estimate relationships between variables
- Formulation of empirical hypotheses to be tested
- Interpretation of results from statistical and econometric outputs
2. Quantitative methods for financial management
- Sophisticated statistical tools for finance practitioners
- Analysis and forecasts of time series data
- Empirical interactions between stock returns, exchange rates and other variables
2 assignments (individual and/or group) per course (*NO exams*)
Notes:
The above information is only correct at time of publication (July 2020) but subject to change. Please check with our admission teams for the most-updated information.
Registration No. 253123. It is a matter of discretion for individual employers to recognise any qualification to which this course may lead.
Mr Gustavo Piló
International FP&A Analyst
Itaú Unibanco
"The University of Manchester provided me with the opportunity to get a world-class education from my hometown, but also with face-to-face interactions, to network with a diverse group and benefit from the University’s facilities. I want to pursue a successful career in finance, being promoted to a leadership position soon. I believe this course will provide me with the necessary tool-kit and I will also benefit from the university’s prestigious reputation." Watch Video >>
Mr Vincent Wu
Director
Willis Towers Watson
"This flexible MSc programme introduces more sophisticated tools and techniques that finance practitioners regularly exploit in their profession. I believe this programme will equip myself with financial management knowledge and skills for my career progression."
Ms Julia Olberz
Controller
Deutsche Telekom
"This course helps me to get a deeper understanding of finance and this will be beneficial in my daily work. I am not very familiar yet with financial markets and venture capital, so I am excited to learn more about it. I would like to be valuable contributor to my organisation’s success with the expertise I’ll have in the future." Read more >>
Ms Berry Zhou
IT Customer Project Leader
MediaTek
"My career goal is to be a strategic management consultant in the next few years. And I think this course can really build up the strategic management mindset and skillsets for me, as I can learn much about strategic accounting using five porters analysis to solve the problems. In this semester I learned the foundation of accounting and foundation of finance, which gives me the broader view of accounting roles in an organisation and basic view of finance in the real world. The University of Manchester’s esteemed MSc programme in Financial Management will provide me with the specialised knowledge and practical skills required for application in my career." Watch Video >>
Mr Paolo Hochberger
Chief Financial Officer
KOEPFER China
"I was enjoying work far too much to pause it, so I decided to look for a way to study alongside my job. The blended MSc in Financial Management offered me a unique opportunity to study a well-balanced finance course part-time and without the need to relocate."
Ms Zoe Zhu
Senior Treasury Analyst
Nouryon (formerly known as Akzonobel Chemicals)
"I am responsible for cash management and corporate finance activity such as bank loans and cash repatriations. I hope to gain confidence to make business decisions and be able to form opinions on corporate strategies."
Recognized as some of Europe’s most experienced Accounting and Finance teams, our academics are global thought leaders and exceptional teachers who are committed to your professional development. Our faculty members have published papers in leading scholarly journals, received recognition for teaching & research excellence, act as consultants to large corporations, and serve as inspirational teachers and mentors.
Dr Amedeo De Cesari
Course Director, MSc Financial Management
Dr Amedeo De Cesari’s research lies in the areas of corporate finance and corporate governance with a particular focus on dividend payments, stock repurchases, etc. His research papers have been published in reputable international journals such as the Journal of Corporate Finance. He has also acted as an ad-hoc reviewer for several reputable journals including the Financial Review and the Journal of Business.
Professor Arif Khurshed
Professor of Finance, Alliance Manchester Business School
Prof. Arif Khurshed is on the editorial board of the British Accounting Review and is an academic member of the International Valuation Standards Council. Arif have been an external consultant to the UK Financial Conduct Authority (formerly FSA) and the British Venture Capital Association.
Dr Julian Jones
Lecturer in Accounting & Finance, Alliance Manchester Business School
Dr Julian Jones worked with over 400 CFOs, advising them on a range of challenges from instilling cost discipline, M&A value capture, finance transformation and managing in a crisis. He is focused on influencing the pedagogy of accounting education. He constructs innovative ways of providing formative feedback to large classes.
Dr Paul Simpson
Senior Lecturer in Finance, Alliance Manchester Business School
Prior to joining Alliance Manchester Business School, Dr Paul Simpson held positions at the University of Stirling and UMIST. He currently teaches modules on Mergers and Acquisitions for both the MSc in Accounting and Finance and MBA courses.
Ms Patricia Perlman
Senior Lecturer in Finance, Alliance Manchester Business School
Ms Patricia Perlman has extensive experience in the finance sector including derivatives and wealth management where she has worked for over 11 years in large financial corporations such as Citigroup, JP Morgan, Nomura and Barclays in Manchester, London and New York.
Professor Brahim Saadouni
Senior Lecturer in Finance, Alliance Manchester Business School
Prior to joining Alliance Manchester Business School, Prof. Brahim Saadouni worked at the University of Hull (1991–1999) where he held the position of the Head of the School of Accounting, Business & Finance, and Director of the Centre for International Capital Markets Research. He has extensive teaching experience both in the UK and overseas.
Academic entry qualification:
- Normally, a 1st or 2:1 Bachelor's honours degree
- Or A Master's degree
We expect that most candidates interested in this Master's will have a degree in engineering, mathematics, business, economics, science or other related subjects; however your degree can be in any discipline if you can demonstrate that you have good numeracy and analytical skills.
- We can also consider excellent candidates with a 2:2 Bachelor's honours degree or international equivalent, with at least one year of relevant professional experience who can demonstrate their suitability and motivation for this Master's course. The degree should be in a relevant subject with good grades in quantitative subjects. An interview may be required.
If you would like to check your eligibility, please email your CV to MScFM@manchester.edu.hk.
English language requirements:
- IELTS: 6.5 overall with 6.0 in listening, writing, reading and speaking
- TOEFL (iBT): 90 overall with 20 in listening, writing, reading and speaking
English Test Exemptions
English Language Test can be exempted if:
- you have successfully completed a degree level qualification which was fully taught in English,
- English is the main business language in your place of work.
An interview will also be required.
Application Process:
- Click here to request Application Form login and password
- Complete the online Application Form
- Submit supporting documents:
- Attend online one-to-one interview conducted by our Course Director (if required)
• CV
• 2 references (but only ONE is necessary)
• Digital copies of degree certificates and transcripts
• Evidence of English language proficiency (if applicable)*
• Statement of purpose (max. 500 words)
*Exemption: You have successfully completed a degree level qualification, which was fully taught in English (this must be shown on your transcript or the official letter from your university)
Tuition Fee and Discounts (September 2024 Intake)
Regular Tuition Fee: £21,000
Total tuition fee: £17,850 (15% discount - this offer is valid until all places for September 2024 Intake are filled)
- Payable in 4 equal instalment payments before the start of each semester
- 15% Discount - ONLY to September 2024 Intake students in East Asia (i.e. Hong Kong, Japan, Korea, Taiwan and Macau)
For details, please check with our admissions team.
HK Government loan - Extended Non-Means-Tested Loan Scheme (ENLS)
Hong Kong Permanent Residents can apply for the Government's Extended Non-Means-Tested Loan which is at the current interest rate of 1.106% per annum and repayable in 15 years by 180 equal monthly instalments after you complete this programme.
*Name of Institution: University of Manchester / Course Code: B11060002
Tax deduction expenses of self-education in Hong Kong
Tuition fees of The University of Manchester - MSc Financial Management is deductible under salaries tax. The link below will take you to further information about what you can claim for and when you should make a claim. More on deductions for expenses of self-education.
