(MSc) Master of Science
University of Essex
University of Essex
Essex Business School
Full-time or part-time
A 2:2 honours degree, or equivalent, in finance, economics or business. We also welcome applications from candidates with any science or engineering degree.
IELTS (International English Language Testing System) code
If English isn’t your first language, we require IELTS 6.5 overall with a minimum component score of 5.5
If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.
The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.
Rules of assessment
Rules of assessment are the rules, principles and frameworks which the University uses to calculate your course progression and final results.
Please refer to the full time version of this course for information on Core and Compulsory modules.
Dr Nikolaos Papanikolaou
Senior Lecturer in Accounting & Finance Bournemouth University
External Examiners provide an independent overview of our courses, offering their expertise and help towards our continual improvement of course content, teaching, learning, and assessment.
External Examiners are normally academics from other higher education institutions, but may be from the industry, business or the profession as appropriate for the course.
They comment on how well courses align with national standards, and on how well the teaching, learning and assessment methods allow students to develop and demonstrate the relevant knowledge and skills needed to achieve their awards.
External Examiners who are responsible for awards are key members of Boards of Examiners. These boards make decisions about student progression within their course and about whether students can receive their final award.
To provide students with the opportunity to broaden and deepen their knowledge of advanced concepts in banking and international finance.
To provide students with the opportunity to analyse the role of banking and international finance information and data.
To equip students with a knowledge of advanced research methodologies covering quantitative approaches to empirical research.
To provide students with the advanced knowledge and skills to enable them to proceed to independent, self-directed research.
To develop students' critical and analytical skills which will prepare them for employment in the financial or business sector or an education environment.
Learning outcomes and learning, teaching and assessment methods
On successful completion of the programme a graduate should demonstrate knowledge and skills as follows:
A: Knowledge and understanding
A1: Role and nature of advanced concepts and theoretical models in banking and international finance
A4: Competing perspectives and associated empirical evidence relating to banking and international finance issues
A5: Epistemological and social scientific influences and interpretations of international finance
A6: An in-depth understanding of, the various research methodologies available to investigate accounting and management issues in business organizations, and the influences of these methods on the understandings generated
A7: In-depth understanding of particular areas in which the student has chosen to specialise.
Learning/teaching methods/strategies Outcomes A1-A5 are acquired through lectures, seminars, individual tasks, and directed independent study.
The development of the dissertation in consultation with a supervisor provides an additional opportunity for achieving learning outcomes A1-A5.
Lectures and seminars introduce the required theories and understanding to facilitate exploration of the character, contexts, practices and interpretations of finance related issues while demonstrating and encouraging a critical and reflexive approach.
Directed independent study and reading, along with individual tasks, facilitate further exploration of the relevant areas.
Students are expected to extend and enhance the knowledge and understanding they acquire from lectures and classes by regularly consulting library and journal materials relating to course.
Informal: Outcomes A1-A5 are informally assessed via oral presentations.
The associated informal feedback provided enable students to explore and enhance their understandings and develop presentation skills.
Formal: Outcomes A1-A5 are formally assessed via unseen written examinations and coursework assignments
B: Intellectual and cognitive skills
B2: Capacity to appraise theoretical idea
B3: Assimilate and synthesise theories and concepts from a variety of relevant frameworks
B4: Formulate logical and coherent arguments
B5: Interpret and critically evaluate empirical evidence
B6: Plan and undertake a substantial piece of independent research
Skills B1-B4 are acquired and enhanced primarily through directed independent study, reading, and individual tasks given for the courses, although lectures and seminars provide a means for teachers to demonstrate these skills through examples.
Students' independent study and preparation for tasks involves the reading, interpretation and critical evaluation of relevant finance theories and the analysis of empirical evidence.
Lecturers provide necessary feedback on student work.
Lecturers also engage students outside the classroom through office hours, appointments and e-mail communication.
Skill B5 is acquired through the work that students do for the dissertation and econometric project.
The dissertation further provides an opportunity for students to acquire and enhance skills B1-B4 also.
Informal: Skills B1-B4 are informally assessed via oral presentations.
The associated informal feedback provided enables students to explore and enhance their understandings and develop presentation skills Formal: Skills B1-B4 are formally assessed via unseen written examinations and coursework assignments.
The MSc dissertation provides a further opportunity to assess skills B1-B4.
Skill B5 is assessed through the dissertation and econometrics project.
C: Practical skills
C2: Analyse and evaluate banking and international finance information
C3: Evaluate the strengths and limitations of different approaches to analysing banking and international finance data and information
C4: Analyse and evaluate banking and international finance information
C5: Access and retrieve information and data from a variety of primary and secondary sources
C6: Research and written presentation skills
C7: Plan and undertake independent research
Skills C1-C5 are acquired and enhanced primarily through the work that students do for their courses, although lectures provide a means for teachers to demonstrate these skills through examples.
Skill C6 is acquired through the work that students do for their dissertation.
The dissertation further provides ample opportunity for students to acquire and develop skills C1-C5.
Informal: Skills C1-C5 are informally assessed through presentations along with the associated informal feedback.
This further enables students to explore and enhance their understandings and develop research and presentation skills.
Formal: Skills C1-C5 are formally assessed via unseen written examinations and coursework assignments.
These enable demonstration of knowledge of the relevant financial theories and empirical evidence and of a critical and reflexive approach.
Skill C6 is assessed through the dissertation.
D: Key skills
D1: Communicate ideas and arguments in a coherent and effective manner.
D2: Use information technology, such as word processing, databases, the web and econometric packages, to download and analyse financial and economic data.
D3: Manipulate numerical data and apply appropriate statistical or econometric techniques
D4: Problem-solving and analytical skills
D6: Time management, task prioritisation and working to deadlines
Verbal communication skills (D1) are developed primarily through group discussion in the lectures and classes.
Written communication skills (D1) are developed primarily through the AC953 project and individual tasks.
IT skills (D2) are developed as individual tasks require extensive research involving web-based material, internet and various electronic media.
Numeracy and problem solving skills (D3-D4) are developed principally through specific problem based exercises and tasks given to the students.
Planning and organisation, enterprise and resourcefulness (D5) are essential to any learning process dependent on independent study and to some extent individual advice from teachers.
These skills are further developed as students pursue the learning activities associated with their courses.
The assessment of the majority of key transferable skills forms an integral part of the overall assessment of the finance degree schemes.
However the approach to assessment varies.
Written communication skills, problem solving, numeracy and IT skills are assessed directly throughout the degree programme.
Personal skills are assessed through coursework.
Verbal communication skills are not formally assessed although feedback on communication skills forms part of the formative feedback provided in tutorial sessions.