N3K309 Finance (Corporate and International Finance) MSc Postgraduate Taught 2015
Masters in Finance (Corporate and International Finance): at a glance
Our MSc Corporate and International Finance is designed to help you gain the advantage in this highly competitive field, whether you’re looking to work in mergers and acquisitions, investment banking, private equity or venture capital. You’ll study the subject from an international perspective, focusing on firms’ financial decision making and global financial transactions.
This course is one of our suite of MSc Finance programmes – among the strongest in the UK. Taught by a world-class faculty and supported by international-quality research, these intensive one-year, full-time programmes will help you develop the analytical skills needed to stand out and build a successful career in finance.
You’ll learn in a stimulating and progressive environment meaning you’ll leave the course in the ideal position to excel in whatever finance specialism you choose. What’s more, our trained careers advisors and broad alumni network will extend your business connections and support you up to and beyond graduation.
Masters in Finance (Corporate and International Finance): in detail
On the MSc Corporate and International Finance you’ll study the latest research on corporate finance, mergers and acquisitions and international finance. You’ll focus on pricing of securities in an international setting, and how international risk faced by multinationals can be managed. To achieve your qualification you’ll be required to successfully complete both core and elective modules and a dissertation or business project or placement.
Core and elective modules
You’ll study six modules that provide a foundation of essential knowledge and understanding.
- Advanced Financial Theory
- Corporate Finance
- Econometrics I
- Financial Modelling & Business Forecasting
- International Finance
- Mergers and Acquisitions
You’ll then choose two from a range of further modules, so you can specialise in a specific area or broaden your knowledge.
- Accounting Theory
- Auditing and Assurance Services
- Behavioural Finance and Economics
- Corporate Governance
- Corporate Reporting
- Derivative Markets
- Empirical Topics in Finance
- Experimental Economics and Finance
- Financial Risk Management
- Portfolio Management
- Security Analysis
- Technology, Innovation and Economic Growth
Dissertation or business project
In the third term, you will complete a 12,000 word dissertation, a business project (a commercial challenge sourced by you or the Business School) or a placement (sourced by you and supported by the Business School). Supervised by a faculty member with relevant experience, you’ll investigate in greater detail a subject that you’ve already studied as part of your programme.
The dissertation is an opportunity for you to develop your research skills and business insight and present your analysis and ideas in a scholarly way. It should also demonstrate your ability to use critical analysis in evaluating evidence and the existing academic literature.
We’re proud of our strong international connections. Helping you get an inside perspective on global business is a key part of the programme. That’s why we offer a range of opportunities to help you immerse yourself in a country’s business and academic environment, make new contacts and stand out in a competitive jobs market. These include:
- Writing your dissertation at one of our international partner universities (limited funding may be available if you do this with one of our European partners)
- Attending summer schools given by our international partners
- Taking the optional International Study Tour to a European destination in March/April (self-funded, one-week programme)
Our MSc Finance programmes have partnership status with the Chartered Financial Analyst Institute (CFA). The CFA is the world's premier association for investment professionals and the accepted benchmark for technical excellence in financial markets. It guarantees you'll benefit from a curriculum of the highest standards and through participation in the CFA Global Investment Research Challenge, CFA employer networking events, scholarships and more.
Comprehensive data resources
The School has made a significant investment in database resources to give you unrivalled access to both live and historical data. You’ll have data at your fingertips with Thomson Reuters Tick History and Datastream, while Orbis and Bankscope will allow you to interrogate the financial records of millions of companies worldwide. Applying our state-of-the-art analysis tools to this data will enable you to add valuable insight to your research.
Find out more
You’ll have access to a wide range of software and databases, including specialist training on our Bloomberg terminals for accessing real-time economic and financial data.
This facility will give you hands-on experience of monitoring and analysing real-time financial market data movements, and the chance to build a hypothetical portfolio with securities of your choice. As a result, you’ll improve your investment and security selection skills and boost your CV. Plus there’s a cash prize for the winner.
You can also put your financial skills to the test and enhance your CV, by managing a genuine fund in our Investment Club. Each year ten students are selected to take part, meeting every month to evaluate research and place trades. At the end of the year the monetary fund, along with a report on its performance, is passed to next year's Club.
Pre-course Maths and Statistics
If you need to revise or update your quantitative skills in Maths and Statistics before you start your MSc, you can enrol on a week-long, pre-sessional course of lectures and workshops. The course is free, you’ll just need to cover the cost of accommodation.
Learning and Teaching
The programme is mainly delivered through a mixture of lectures, seminars, and practicals. Lectures provide key contents of a particular topic. Some lectures are delivered by guest speakers who are internationally recognised academic experts or practitioners in their field. Students can also attend the Durham Speaker Series, providing the opportunity to network with senior business leaders, staff and alumni.
Seminars provide the opportunity for smaller groups of students to solve problems and discuss and debate issues based on knowledge gained through lectures and independent study outside the programme’s formal contact hours. Practicals are medium sized group sessions, where students practice computer software, applying topics from lectures and seminars.
Students study 5 core modules, and select 5 elective modules to study between January and May which enables them to undertake more in-depth study of particular topics. This is followed by a 12,000 word dissertation to allow students to carry out independent research and develop their skills in analysis and scholarly expression, using an appropriate theoretical framework. They are supported in writing their dissertation through the study of research methods, and attending individual meetings with an allocated supervisor, who monitors their progress and provides advice.
Students will typically attend 10 hours per week of lectures in Term 1 and 9 hours per week of lectures in Term 2, and undertake a 1 hour seminar every two weeks (per module).
Throughout the year, students have the opportunity to participate in extracurricular activities, mentored by the Programme Director, such as the Investment Club, the StockTrak Trading Competition, the Chartered Financial Analyst (CFA) Investment Research Challenge, and Employer Networking Events.
They also have the opportunity to attend an International Study Week at an overseas location at the end of Term 2, which gives students the opportunity to learn about the business, economy and culture of another country, gain an ‘insider perspective’ on international businesses and network with key business staff.
Outside of timetabled contact hours, students are expected to undertake their own independent study in preparation for seminars, assignments and other forms of assessment including exams, and general background reading to broaden their subject knowledge. All members of teaching staff are also available to provide additional support on a one-to-one basis via weekly consultation hours.
Pre-sessional modules in Accounting, Economics, and Mathematics and Statistics, are offered in September/October. The format is 5 lectures and 5 seminars per module.
Following the exam period in May/June, students have the opportunity to participate in a Chartered Financial Analyst (CFA) Preparation Module. The module runs over two full days with emphasis on Ethics and Forensic Accounting. This is to prepare students for the CFA Level I exam.
Subjects required, level and grade
There is high demand for places on these programmes – typically we receive around 10 applications for each place the University is able to offer. To maximise your chances of being offered one of these places, we recommend that you submit your application to the University as early as possible.
In order to manage the volume of international applications received by the University to allow the University to ensure each application is properly reviewed, considered and processed, applications from candidates must be received as follows:
- Applications from individuals resident in Mainland China must be received by 31 January;
- Applications from any other individuals who would be required to hold a visa in order to study in the UK, must be received by 31 May.
- Applications from those individuals who fall outside of either category specified above, must be received by 31 August.
Should you miss the deadlines specified above, then it may be possible for the University to add your application to a waiting list, which may be consulted in the event that following review and processing of all applications received prior to the deadlines, vacant places remain available on the programme.
The University is under no obligation to make any offer of a place on the programme to any applicant, nor is the University obligated to fill all spaces available on the programme.
Consideration of any application received by the University after expiry of the deadlines specified herein, shall be made at the sole discretion of the University.
The Masters in Finance is designed for new or recent graduates in any subject or discipline. Certain programmes will also be of interest if you’re already a practitioner in the financial field. You should have a strong background in a related discipline and your first degree should have a substantial economics and statistics content.
What do I need first?
The equivalent of a UK first or upper second class honours degree with evidence on your degree transcript of strong grades in statistical modules in your second, third or fourth year. Check the full list of equivalent qualifications.
How do I apply?
You will need to complete an online application form.
Please note you can only apply for one Masters Finance programme.
To support your online application form, you will need to provide the following documents.
- Two academic references using our standard form (Download the form - Word format)
- Official transcript of marks
- Copy of degree certificate (if available)
- Copy of English test results (if available).
You can either upload your supporting documents with your online application or email or fax them to the Postgraduate Admissions Office using the contact details below.
Once we receive your online application form, you’ll get an automatic email within 48 hours asking you to pay the £50 application fee* which is required to progress your application.
You’ll need to follow the link in the email to the webpage where you can confirm your details and make the payment using a debit or credit card. This is a secure website operated by Secpay, which will send you an automatic receipt of payment.
Once we receive confirmation that your application fee has been paid, we’ll be able to progress your application. If you do not pay the application fee your application will be automatically withdrawn.
*Please note you will only be able to make a payment for one programme in each suite i.e. one MSc Finance programme, one MSc Management programme, one MSc Marketing programme, one Islamic Finance programme.
If you’re applying for a full-time programme you’ll need to become a member of one of our Colleges as well as being accepted by a department. Here’s more information about how the college system works. Once you accept your programme offer, the College Postgraduate Office will get in touch with you to arrange accommodation. Please note that demand for college accommodation usually exceeds availability, so please try to arrange it as soon as possible.
Here are the steps in the admissions process:
- We will let you know when we’ve received your application.
- Once we’ve received all of your supporting documents, we will email you to let you know our decision.
- If the decision is to make you an offer of a place on the programme we will let you know by email. Please note we do not issue hard copy offer letters as these are not required to obtain a student visa.
- If you have requested university accommodation on your application form, the college will contact you direct. They will send you an accommodation application form, which you should complete and return direct to the college.
- You should confirm acceptance of your offer as soon as possible. In order to secure your place, you are required to pay a deposit within six weeks of the date of your original offer (check your offer documents for details of payment methods).
- International students requiring a student visa will receive a CAS (Certificate of Acceptance of Studies) via email once all offer conditions are met, acceptance and deposit have been received and you are within five months of the start date of your programme.
Postgraduate Admissions Office, Durham University Business School, Mill Hill Lane, Durham, DH1 3LB, UK
Tel: +44 (0)191 334 5295
Fax: +44 (0)191 334 5136
English Language requirements
IELTS of 6.5 or above with no element below 6.0, or 92 or above in TOEFL IBT with no element below 23. Please note, TOEFL is not accepted for those who require a student visa.
Requirements and Admissions
The University accepts the following alternative English language tests and scores.
Fees and Funding
Fees shown are for one year. Total fee will depend on the length of your programme. All fees are subject to annual increases. For more information please visit the Tuition Fees page www.durham.ac.uk/postgraduate/finance/tuition
EU student fees£10450
Home student fees£10450
Islands student fees£10450
International non-EU student fees£21000
Scholarships and funding
For information on career options and employability, including the results of the Destination of Leavers survey, student and employer testimonials and details of work experience and study abroad opportunities, please click here.
Open days and visits
Overseas Visit Schedule
Durham University Business School is one of a small elite group of academic institutions worldwide who are accredited by all three major quality assurance bodies - AACSB, AMBA and EQUIS. This achievement is a testament to the quality of all our programmes, and gives you the extra assurance that they, and the School, have been rigorously tested and proven to be of high quality.
Connecting with business
Over the years we've built strong links with many leading global organisations. Companies such as KPMG, Deloitte and RBS give our students access to 'live' issues and practical challenges. At the same time, business partners gain a fresh perspective from us and benefit from our research and insights.
Bringing great minds together across the globe
We are a truly international business school with over 100 nationalities in our student and faculty bodies. Diverse perspectives and experiences feed into our learning, providing a unique insight into cultural nuances around the world. What's more, through our partnerships with other international universities, we're able to tap into a huge pool of global knowledge.
Creativity and critical thinking are two of the most valuable -and often overlooked - business skills. That's why we focus our teaching on developing agile, independent minds. Equipped with these vital skills, our graduates can tackle whatever business brings, however unpredictable. Employers tell us this is what sets Durham graduates apart.
Looking to the future
We may be inspired by our past, but we are firmly focused on the future. We're currently investing in new world-class facilities to match our reputation including the expansion of the Mill Hill Lane site and the development of improved teaching, office and events spaces.
Our Masters in Finance programmes draw together leading academics from around the world. Each member of faculty combines relevant real-world experience with a drive to stretch you intellectually and help you build a successful career.
- Dr Emmanuel Adegbite
- Dr Anurag Narayan Banerjee
- Professor Parantap Basu
- Miss Emma Black
- Prof Guido Cozzi
- Dr Michael Guo
- Dr Agyapomaa Gyeke-dako
- Prof Richard Harris
- Dr Matteo Iannizzotto
- Mr David Kilgour
- Dr Hugo Kruiniger
- Dr Jing-Ming Kuo
- Dr Daniel Li
- Mr Michael Lucey
- Dr Laura Marsiliani
- Dr Amir Michael
- Dr Anamaria Nicolae
- Dr Michael Nimo
- Dr Dennis Philip
- Dr Leslie J Reinhorn
- Dr Thomas Renstrom
- Dr Riham Rizk
- Dr Aly Salama
- Dr Rebecca Stratling
- Prof Bart Taub
- Dr Xing Wang
- Dr Toby Watson
- Dr Ayse Yazici
NB: Information contained on the website or in the literature with respect to the fee is correct at the time of publication but the University reserves the right to change the course information or fee at a later date.