Course summary
The MSc in Finance (Accounting and Finance) provides you with the essential skills and learning to thrive in a wide range of corporate environments around the world and to play a key role in ensuring they function to the highest finance and accounting standards. You will learn how to apply analytical skills, technical skills and the latest research techniques to the sophisticated and stimulating world of finance and accounting. Underpinning all aspects of learning are our core values of fairness and equality of access to financial services, these skills are valued by top global financial institutions and businesses, and by leading PhD research programmes. This 12-month full-time course is affiliated with the Chartered Financial Analyst Institute (CFA), the leading global association for investment professionals and the accepted benchmark around the world for technical excellence in financial markets. Core modules, which are taught through lectures, seminars and practical work, cover the key financial areas of accounts and reporting, financial statement analysis, advanced financial theory, corporate finance, econometric methods and financial modelling and business forecasting. The core modules are complemented by your choice of optional modules, which give you the opportunity to tailor the course to your interests and career goals. You will also complete either a research-based dissertation or an applied business project in an area of your choice. The MSc is delivered by academic staff who are dedicated and passionate about their subject and how it relates to both people’s daily lives and the functioning of financial institutions and corporations across the globe. Successful completion will enable you to progress to a challenging and stimulating role in this vitally important sector. Course structure Core modules: Financial Accounting and Reporting is a key module in which you acquire and demonstrate knowledge and understanding of financial accounting and reporting concepts as well as ethical issues. You will also be shown how to apply International Financial Reporting Standards (IFRS) to particular cases involving single entities or groups. You will develop the skills to prepare single entity and consolidated financial statements in line with IFRS requirements and also acquire and demonstrate a knowledge and understanding of accounting-based techniques of financial statement analysis. Financial Statement Analysis complements the Financial Accounting and Reporting module and is designed to extend your knowledge of financial statements. You will be expected to show a critical understanding of, and ability to apply, financial statement analysis to assess corporate performance, risk, growth potential, future prospects, and value. Econometric Methods provides you with the knowhow necessary to be able to carry out empirical research in economics or finance, and to understand more advanced econometric techniques. Advanced Financial Theory offers stimulating and rigorous training in modern financial theory and in the most important current research with an emphasis on the application of finance principles. You will also develop an advanced understanding of normative and positive research in financial theory together with the related descriptive and empirical evidence. Corporate Finance covers the theory and practice of corporate finance and the latest research. You will examine both normative and positive aspects of the theory, together with supporting descriptive and empirical evidence. Dissertation
Modules
Examples of optional modules: Accounting Theory; Advanced Macroeconomics; Advanced Microeconomics; Auditing and Accountability; Bank Management; Banking and Financial Intermediation; Behavioural and Neurofinance; Climate Finance; Corporate Governance; Capital Market Development; Derivative Markets; Accounting: An Information Content Perspective; Financial Modelling and Business Forecasting; Financial Risk Management; Financial Technologies I; Financial Technologies II; Fintech Regulations; International Study Tour; Islamic Banking and Finance; Islamic Capital Markets; Islamic Law and Financial Transactions; Mergers, Acquisitions and Corporate Restructuring; Modern Accounting Research; Portfolio Management; Python for Finance; Security Analysis; A language module.
Assessment method
This stimulating course is based at the state-of-the-art business school – a vibrant learning community with all the facilities you will need for a fulfilling learning experience. Learning is delivered through lectures, some given by guest speakers, in seminars, practical sessions and in extracurricular activities. Seminars will see you working in a smaller group to discuss lecture topics and debate and solve issues raised. Practical work comprises medium-sized group sessions, in which you can practise computer software, applying topics from lectures and seminars. You will undertake a combination of core and optional modules which will enable you to carry out in-depth study of particular topics. You will also complete an independent 12,000-word dissertation. Typically, you will attend 10 hours per week of lectures in the first term, nine hours per week of lectures in the second term and undertake a one-hour seminar per module every two weeks. Pre-sessional modules in accounting, economics, and mathematics and statistics, are offered in September and October in the form of five lectures and five seminars per module. Assessment on this course is rigorous and carried out through exams in January, May and June, a range of assignments and a 12,000-word dissertation in which you carry out independent research and develop your analysis skills. Outside of timetabled contact hours, you will be expected to undertake your own independent study in preparation for exams, seminars, assignments and other forms of assessment as well as general background reading in order to broaden your subject knowledge.
How to apply
International applicants
If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take a pre-Masters pathway programme at the Durham University International Study Centre.
Entry requirements
The equivalent of a UK first or upper second class honours degree with evidence on your degree transcript of a good grade in a minimum of one mathematical/statistics module at a level equivalent to a second-year British Honours Degree standard. Where the only evidence of mathematical/statistics modules is at a level equivalent to a first-year British Honours Degree standard, we may require that applicants undertake our admissions mathematics test. This will be determined by the Postgraduate Admissions Team upon considering each application.
English language requirements
Durham University welcomes applications from all students irrespective of background. We encourage the recruitment of academically well-qualified and highly motivated students, who are non-native speakers of English, whose full potential can be realised with a limited amount of English Language training either prior to entry or through pre-sessional and/or in-sessional courses. It is the normal expectation that candidates for admission should be able to demonstrate satisfactory English proficiency before the start of a programme of study, whether via the submission of an appropriate English language qualification or by attendance on an appropriate pre-sessional course. Acceptable evidence and levels required can be viewed by following the link provided.
English language requirements
https://www.durham.ac.uk/study/international/entry-requirements/english-language-requirements/
Fees and funding
Tuition fees
England | £15500 | Year 1 |
Northern Ireland | £15500 | Year 1 |
Scotland | £15500 | Year 1 |
Wales | £15500 | Year 1 |
Channel Islands | £15500 | Year 1 |
EU | £32750 | Year 1 |
International | £32750 | Year 1 |
Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .
Additional fee information
Sponsorship information
For further information see the course listing.
Provider information
Durham University
The Palatine Centre
Stockton Road
Durham
DH1 3LE