Finance and Accounting

Masters programmes in Finance and Accounting are designed to give students the advanced knowledge, skills, and practical education necessary to focus on finance and accounting careers.

Finance

Applicants

With Finance being one of the largest sectors in the world economy, this stream of Masters has a wide variety of professional courses. Those looking to delve into the world of financial analysis, corporate finance, investment management, and commercial finance should be considering this core sector of Masters programmes. Most people pursuing postgraduate degrees in Finance already have an undergraduate degree in a related field or have an equivalent background through their work experience. Those wishing to switch careers may need to take some introductory classes before pursuing an advanced degree.

Course content

Postgraduate programmes in Finance combine a challenging range of subjects which are designed to help students understand financial forces in today’s modern business climate and contribute meaningfully to companies by helping them make wise financial choices. Core topics of the programme include the analysis of global asset allocation and international fund management, investment banking and venture financing, the analysis of trading systems and the ensuing market microstructure, as well as the design and operation of insurance and pension systems.

Admission requirements

To be admitted, you will need to present a Bachelor’s degree which is successfully completed (or soon to be completed) and is in a relevant field. In addition, some programmes may require up to three years of previous work experience. However, this is not a prerequisite in all cases so make sure to check what your programme of choice has decided to focus on. If the programme is taught in English and you are not a native English speaker, you will have to prepare your results from an English proficiency test as well. An exception is typically made for those whose undergraduate studies were held entirely in English. Your GMAT or GRE score is also a point you may have to take care of during the application process for Masters degrees in Finance.

Career options

Jobs in Finance are often highly paid and a career in this competitive field requires strong analytical skills and initiative. According to the 2016 High Fliers Research on the graduate market in the UK, graduate vacancies in the Finance and Banking sector increased almost 18% compared to 2015. The starting salaries of recent graduates have also stayed above the median in recent years. Professionals in Finance become specialised in the following sectors and roles: commercial banking, corporate finance, financial analysts and personal financial advisers, insurance, investment banking, loan officers and counsellors, money management, real estate, financial analysis, business consulting, taxation, risk management, funds management, stock-broking, merchant banking, investment banking, underwriting, and insurance services.

Accounting

Applicants

Most Masters programmes in Accounting have been designed for seasoned accountants and for those who are more experienced in a professional aspect. The Masters in Accounting prepares you for today’s complex and competitive business environment and acts as a prerequisite for entry into Public Accounting. A Bachelor’s degree is the minimum requirement for most careers in the Accounting industry. The field is growing and is expected to continue to grow as laws and policies change and as more companies have their finances closely inspected.

Course content

The main job of an accountant or auditor is to make sure that businesses maximise production, pay taxes correctly, and keep public records. Accountants review, draft, and authenticate documents containing financial information for clients. In addition, accountants are finding it increasingly valuable to possess associated knowledge in areas such as information technology, law, budget analysis, and investment planning. If you are considering a career in Accounting, or want to study Accounting, you should have a solid background in mathematics. You should also have good business acumen, an ability to pay attention to detail, and a desire to work in a highly challenging environment. Accounting serves an important function of any company as it relates to many aspects such as listing of shares, analysing budgets or forecasting company finances. Accounting courses equip students with the skills they need to prepare taxes, budgets, business and retirement plans, and investment portfolios. Other Accounting courses may include corporate tax, advanced financial accounting theory, strategic management, and auditing principles and procedures. These courses are usually taken by people with prior experience in the field and are popular among accounting professionals wanting to polish their skills and be abreast of the latest technology.

Admission requirements

To be admitted, you will need to present a Bachelor’s degree which is successfully completed (or soon to be completed) and is in a relevant field. In addition, some programmes may require up to three years of previous work experience in Accounting. However, this is not a prerequisite in all cases so make sure to check what your programme of choice has decided to focus on. If the programme is taught in English and you are not a native English speaker, you will have to prepare your results from an English proficiency test as well. An exception is typically made for those whose undergraduate studies were held entirely in English. Your GMAT or GRE score is also a point you may have to take care of during the application process for Masters degrees in Accounting.

Career options

People with a Masters degree in Business Accounting may become public accountants, management accountants, internal auditors, controllers, taxation specialists, chief financial officers and more. As is the case with Finance, Accounting represents a strong sector in the economy offering multiple opportunities for seasoned professionals, as well as for recent graduates. The High Fliers graduate market research has reported that the largest recruiters of graduates in the UK for 2017 are expected to be the accounting and professional services firms. Graduate vacancies in UK Accounting firms are also heavily publicised at a large number of universities so as to increase the access to such opportunities for students.



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