3 good reasons to study Financial Services Management at Salford
- Gain a management qualification to boost your employment prospects in the rapidly expanding financial services industry
- Learn about the most up-to-date developments in financial services from our expert staff
- Take a Business Innovation Project module, increasing your practical skills and experience
This course provides an exciting opportunity if you wish to be involved in one of the world’s most complex industries and in activities such as property, transport and shipping insurance, credit cards, wealth management and home and commercial mortgages.
The current, demanding, financial environment also offers significant opportunities. The banking and financial services sector has now recognised that it needs to re-think its strategies. The opportunity to develop long and profitable client and customer relationships is open to firms that can think and act strategically, embrace new approaches, work creatively and innovate, manage costs and improve their understanding of individual customer needs.
Duration
MSc (Minimum 12 months, maximum three years)
Course Details
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Accounting and Finance
Gain a critical perspective of theoretical and practical issues in accounting and learn to distinguish between and evaluate the trading characteristics and capital raising abilities of sole traders, partnerships, limited and public limited companies. You will apply and evaluate tests of profitability and solvency to a range of trading organisations and learn to interpret, evaluate and criticise accounting regulation, especially in relation to International Financial Reporting standards (IFRS).
You will also learn to apply and evaluate the principles of financial management and develop the expertise to evaluate the relationship between an organisation’s context and its corporate financial decisions in the real world.
Indicative Syllabus Outline
- Principles of Accounting
- Organisation, corporate governance and agency theory
- The preparation of financial statements
- Financial entities and their reporting requirements
- The interpretation of accounts
- Complementary and alternative accounting
- Principles of Finance
- Time value of money
- Financial instruments and valuation
- Investment decisions
- Risk and return
- Capital structure and the cost of capital
- The Efficient Markets Hypothesis
International Financial Management
Examine the impact of such factors as exchange rates, inflation rates and interest rates on the performance of firms and assess their significance in decision making in an international/global context.
Indicative Syllabus Outline
- The International Perspective
- Globalisation and the multinational firm
- International monetary system
- Balance of payments
- The market for foreign exchange
- International parity relationships
- International Financial Markets
- The derivative market and hedging strategies
- Foreign direct investment
- International capital budgeting
- International portfolio investment and diversification
- Financial Management and the Multinational Firm
- Multinational treasury management
- Current topics
Risk, Regulation and Compliance
Learn to employ critical reflection and thinking regarding domestic and international regulatory frameworks for financial and non-financial companies. You will also develop an understanding of the economics of regulation and the problems of compliance.
Indicative Syllabus Outline
- Regulatory Theories
- Economic Ideology
- Information Asymmetry and Contract Theory
- Regulatory Economics
- Compliance In Practice
- Compliance (Management, Costs and Taxation)
- Central Bank Supervision
- International Regulatory Architecture (IMF, World Bank and G20)
- Socially Sustainable and Inclusive Business Models
- Consumer Protection in Financial Services (International Comparison)
- Liquidity Risk Management (Basel III)
- Current Issues in Regulation
- Off-Balance Sheet Asset Management
- Risk Modelling
- Role of Credit Reference Agencies
- Regulation as a Driver of Strategy and Product Development in Financial Services
- Complementary and Alternative Regulatory Structure
Marketing and Services Management
Develop an understanding of the role of marketing within the global organisation and the processes involved, with particular emphasis on the service sector. You will gain knowledge and skills applicable to managing quality and a wide-ranging analysis of the issues involved in managing the strategic marketing/management functions within a global service context.
Indicative Syllabus Outline
- Strategic Marketing Theory in relation to both Physical Goods and Services.
- The Marketing Environment and Market Demand and Forecasting
- Branding as a strategic tool
- Relationship Marketing/ Management
- Measurement, improvement and management of Service Quality
- Relationship Marketing as a general philosophy, service relationships and brands
- Future Directions for Marketing:
- Experiential theory and Services Dominant logic
- The role of new communications media
- Sustainability and the impact of CSR on Marketing
Business Innovation Project
Dissertation: a conventional dissertation of 12,000 to 15,000 words, consisting of research question, aims and objectives, rationale for undertaking the study, literature review, research methodology, analysis of findings, conclusions and recommendations.