Completion of this programme qualifies you for exemption to some of ACCA's professional examinations.
Completion of this programme qualifies you for exemption to some of CIMA's professional examinations.
Completion of this programme qualifies you for exemption to some of ICAEW's professional examinations.
Manchester Metropolitan Business School is an accredited member of AACSB International - The Association to Advance Collegiate Schools of Business. As the worlds largest business education alliance, AACSB International connects educators, students, and business to achieve a common goal: to create the next generation of great leaders. AACSB accreditation means we are internationally recognised for meeting global standards of excellence in business and management education.
A placement year can be an excellent opportunity to acquire high quality work experience and structured onthe-job training whilst earning a salary. There are also opportunities for you to undertake a placement based project where you research a business issue for your employer. This project can count towards one of your final year units and reduces your workload in your final year. The placement must be a minimum of 36 weeks but it will usually last for 12 months and takes place after your second year of study.
We have an award-winning placement team, who advertise vacancies and can help you find a placement. The team has over 25 years experience of matching students to employers. They advertise over 1,000 vacancies each year, organise an annual placement fair where you can meet employers who are actively recruiting placement students, deliver CV workshops, provide one-to-one advice, and will conduct a mock interview with you so you can practice your interview technique.
The placement jobs market is competitive and it is your responsibility to be pro-active and apply for vacancies. We recommend that you start researching companies and opportunities during your first year and apply for positions at the start of your second year. Finding the right opportunity and the right position is important because if you are a good match to your placement, your employer could offer you a full-time position when you have graduated.
For more information about Placements, please visit our Placement's page.
You will study three 30-credit units and two 15 credit units:
The aim of this unit is to develop your understanding of the economic context of business and the fluctuations in financial markets, government policy and competition and how they influence the performance of an organisation. The key areas this unit cover may include: the macroeconomic context of organisations (demand and supply analysis; circular flow of income; trade cycle; unemployment, inflation and growth; public finance; impact of changing exchange rates); the goals and decisions of organisations (forms of ownership; share price fluctuations; stakeholders; changing efficiency; monopolistic markets); the market system and the competitive process (determinants of supply and demand; price elasticities of demand; impact of the minimum wage).
This unit provides you with an introduction to the concepts of financial accounting including recording fundamental transactions and preparing simple financial statements. Your studies will cover topics such as the fundamentals of financial accounting, the application of various concepts, and the preparation of an income statement and statement of financial position. This unit will also introduce the basic concepts of direct and indirect taxation involving simple transactions and basic calculations. Finally, this unit will use an IT package (such as SAGE) to demonstrate how transactions can be recorded and processed.
Identifying, applying and evaluating information for management techniques to assist management with planning, control and decision making within a business environment. This will cover management accounting fundamentals: cost classification and behaviour; inventory valuation and controls; traditional full cost methods; marginal costing and short and long-term decision making techniques with appropriate software packages.
This unit will provide you with an introduction to the financial environment, the role of financial sector providers and the products offered. You will explore how the providers are regulated and the impact of regulation on the wider financial environment. The ethical behaviour and responsibility of those involved in the provision of financial services and the wider economy will be examined including a reflection on recent ethical scandals, their source and aftermath. These reflections will be built upon the Principles for Responsible Management Education, stakeholder engagement, team based learning and sustainability.
This 15-credit unit has been developed to assist you with the transition from further to higher education and aims to address your personal, professional and academic needs as a new undergraduate student. The unit aims to provide a holistic approach to developing your employability skills and attributes by supporting you at the first stage of your transition from university entry to professional entry level. During this unit, you will explore your own personal development via the emergent Life Skills or Soft Skills perspective. The unit seeks to develop your personal attitudes and behaviours towards the concept of Professional Development via the Faculty of Business and Laws Early Career Professional skills framework, which includes thinking critically, communicating effectively, professional and commercial awareness, and being able to demonstrate values. The unit has been designed to offer a potential parallel route for students to register for and gain the Universitys Futures Skills Award within the period of study.
You will study four, 30-credit units:
This course focuses on financial decision making in the modern corporation. The basic issues include: capital budgeting/corporate investment, capital structure, corporate sources of funding, international finance, and financial risk management. I. Introduction and overview of corporate finance; II. Present value and the opportunity cost of capital; III. The value of common stock; IV. Topics on net present value; V. Efficient markets; VI. Capital structure; VII. Risk, return and the opportunity cost of capital; VIII. Capital asset pricing model; IX. Futures and Options Markets.
This unit provides you with an introduction to the major asset classes in which people invest, such as cash deposits, bonds, property and equities, and to the principles, concepts, theories, economic and market forces that underpin personal investment decisions. Key topics that you will study include risk profiling, security evaluation, asset allocation, portfolio selection and management. You will have access to investment appraisal software used by practitioners in the financial planning profession and utilise this to create an investment portfolio to satisfy the financial goals and other objectives that typically influence personal investment behaviour, especially an individuals appetite for risk.
This unit introduces you to fundamental financial planning concepts and skills. You will learn to construct appropriate solutions to financial planning issues and advise on their implementation. Your studies will cover topics such as: income, capital gains and inheritance tax computations and planning; financial protection needs; tax efficient savings and investments; the time value of money; school fee planning.
This unit studies the regulatory and legal frameworks, financial markets and institutions engaged in the provision of retail banking services. You will gain an understanding of banks and financial intermediation; banking typology and the theory of the banking firm; bank regulation; trends in domestic and international banking; the retail service proposition; the demand for consumer credit; principles and practices of consumer lending; processes for granting credit; treating customers fairly; developing and managing credit scoring systems; client relationship management; debt management processes; small business management and funding requirements; sources of finance; principles and practices of business lending; evaluating lending propositions; constraints on lending; the need for and perfecting security; risk management at portfolio level; retail banks and retail banking in the future.
If you are on the placement route, you will undertake a minimum of 36 weeks paid work experience between Year 2 and Year 3 of your studies.
If you are on the full-time route, you will progress directly into Year 3.
You will study four, 30-credit units:
And one option unit:
This unit will provide you with an examination and critical evaluation of the institutions, markets and mechanisms in place for the transfer of money in an economy. The financial system is examined in detail and the banking and economic crisis is explored in terms of causation and lessons for the future. As well as traditional theory, you will gain an appreciation of behavioural economics and an advanced understanding of the contemporary financial system, located nationally, globally and on the web.
This unit will bring together the key competencies of personal financial planning such as tax planning, estate planning, retirement planning and personal risk management. You will study the process for integrating these competencies in order to create holistic financial planning solutions. The unit covers: the 6-stage financial planning process; advanced tax issues (income tax, capital gains tax, inheritance tax) and solutions; advanced savings and investment issues including tax implications.
This unit has been designed to specifically to consider the risk management challenges faced in the banking and insurance sectors. We will survey the regulatory environment and consider recent developments. Consideration will be given to techniques and specifics that can be utilised to identify, assess, report on, manage and monitor risk. The unit covers the following topic areas; the financial crisis, risk measurement (VaR), EWRM, banking regulation (Basel III & Vickers Report), securitisation, types of risk (credit, operational, liquidity,interest rate), derivative products, insurance company risks, investment of insurance funds, underwriting and pricing, and insurance regulation (Solvency II).
This unit provides you with a holistic view of management across the organisation in particular the role of the management accountant. The unit builds on important concepts from management account studies and ethics, and includes strategic options, skills and issues the accountant would be exposed to in an organisational environment. Your studies will cover topics such as identifying types of competitive environment, developing strategies, CSR and ethics, the marketing environment, developments in strategic management; you will be learning the tools and techniques of project management including the role of a project manager. In addition to the competitive environment and project management you will also learn the concepts associated with the effective operation of an organisation and the various approaches of management and leadership, including the activities associated with managing people.
This unit provides a framework to allow you to appreciate the issues involved in corporate financial management. It examines the basic principles of financial management and applies them to the main decisions faced by financial managers. The unit covers the following topic areas; The objectives of financial management, Time Value of Money, Valuation Bonds / Company, Cost of Capital, Portfolio Theory, CAPM, Efficient Markets Hypothesis, Dividend Theory, Capital Structure, Investment Appraisal Techniques, Real Options.
Building upon the Management Accounting and Internal Systems unit at Level 5, you will develop a strategic insight into management accounting and performance management. Your studies will cover topics such as: The elements of Management Accounting, competitive strategies and how they influence management accounting practices, traditional and modern performance management techniques, transfer pricing, reward systems and behavioural aspects of management accounting, ethical issues in management accounting, quality management (including practices of continuous improvement) and how they impact management accounting and contemporary issues in management accounting.
This unit will provide you with an understanding of the forms of international finance and the workings of international capital markets. It will introduce and build on the theory of foreign exchange and provide detailed knowledge of the management of international financial risks.
Each programme of study that we offer undergoes an annual review to ensure an up-to-date curriculum supported by the latest online learning technology. In addition, we undertake a major review of the programme, normally at 6-yearly intervals, but this can take place at a more frequent interval where required. Applicants should note that the programme currently provided may be subject to change as a result of the review process. We only make changes where we consider it necessary to do so or where we feel that certain changes are in the best interests of students and to enhance the quality of provision. Occasionally, we have to make changes for reasons outside our control. Where there are changes which may materially affect the current programme content and/or structure, offer holders will be informed.
Assessment throughout your degree will be both informal and formal.
Assessment throughout your degree will be both informal and formal.
The informal assessment will be based on work prepared for tutorials and your contribution to these tutorials together with homework questions, which you may be required to submit. It will not form part of your formal marks but is useful for both you and your lecturer to determine whether or not you have understood material and whether you are working to a satisfactory standard.
The formal assessment includes examinations, group or individual presentations, written essays and reports, poster presentations and portfolios of work. Not every subject is assessed in the same way, but you will probably meet all these forms of assessment during your degree studies.
From the second year onwards, these formal assessment marks go towards determining the final classification of your degree from Manchester Metropolitan University. The work placement year is not formally assessed but must be satisfactorily completed.
10 credits equates to 100 hours of study, which is a combination of lectures, seminars and practical sessions, and independent study. A 3 year degree qualification typically comprises 360 credits (120 credits per year). The exact composition of your study time and assessments for the course will vary according to your option choices and style of learning, but it could be:
Your studies are supported by a team of committed and enthusiastic teachers and researchers, experts in their chosen field. We also work with external professionals, many of whom are Manchester Met alumni, to enhance your learning and appreciation of the wider subject. Details of departmental staff can be found at: http://www2.mmu.ac.uk/business-school/about-us/our-staff/afe/
Graduates from this programme can consider working in a wide range of financial services sectors including financial planning, banking, retail finance, investment and wealth management.
Career prospects in the financial planning, wealth management and banking sectors are excellent.
Many leading financial services sector organisations recruit from this programme because of the quality and relevance of studies undertaken.
Institute of Financial Planning
As the professional body for Financial Planning in the UK a huge priority is placed on career development and attracting new talented people to the profession.
This degree programme, plus the commitment that Manchester Metropolitan University has made to connecting with the profession, will ensure that students are given the best opportunity to obtain really good jobs in the Financial Planning profession.
Chris Nichols, a former student
I believe that the degree course has had an immensely positive outcome on the direction and success of the career path that I have taken.
The course enabled me to gain a thorough insight into a wide range of financial areas and gave me a really good platform upon which to build my career.
In 2014, over 94% of our graduates went directly into work or further study within 6 months of graduation
DHLE survey 2014, for all respondents available for employment or further study and whose destinations are known
Remember to use the correct institution code for Manchester Metropolitan University on your application: our institution code is M40
Come and find out more about this course and our facilities at our open days.
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The Higher Education Funding Council for England is the principal regulator for the University.
This online prospectus provides an overview of our programmes of study and the University. We regularly update our online prospectus so that our published course information is accurate and up to date. Please note that our programmes are subject to review and development on an ongoing basis. Changes may sometimes be necessary. For example, to comply with the requirements of professional or accrediting bodies or as a result of student feedback or external examiners’ reports. We also need to ensure that our courses are dynamic and current and that the content and structure maintain academic standards and enhance the quality of the student experience.
Please check back to the online prospectus before making an application to us.
The provision of education by the University is subject to terms and conditions of enrollment and contract. The current Terms and Conditions Applicable to the provision of the University’s Educational Services are available online. When a student enrolls with us, their study and registration at the University will be governed by various regulations, policies and procedures. It is important that applicants/students familiarize themselves with our Terms and Conditions and the Key Contract Documents referred to within. Applicants will be provided with access to an up to date version at offer stage. This can be found within the Information for Offer Holders document.