Finance & Accounting
A Masters programme in Finance offers a broad-based education, with a choice of concentrations. The programme features a curriculum that prepares adult students for the emerging knowledge economy while emphasizing the latest concepts, practices, and skills in today’s rapidly changing marketplace.
With finance being one of the largest sectors in the world economy, there are the most varied professional courses in this stream of Masters. 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 graduate 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.
Graduate 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. They impart intimate knowledge of the functioning of modern financial markets and financial institutions. 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.
Being one of the highest paid jobs, a career in finance requires strong analytical skills and an even stronger initiative. The long work hours are compensated by fat bonuses and heavy salaries. According to a survey conducted in 2007, finance job holders in London are the highest paid within the UK.1
Professionals in finance become specialised in the following sectors/roles: commercial banking, corporate finance, financial analysts and personal financial advisers, insurance, investment banking, loan officers & counsellors, money management, real estate
financial analysis, business consulting, taxation, risk management, funds management, stock-broking, merchant banking, investment banking, underwriting, and insurance services.
Masters programmes in Accounting have been designed for seasoned accountants and those aspiring to enter the field. The MSA 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 prerequisite for most careers in the accounting industry. The industry is growing and is expected to continue to grow as laws and policies change and as more companies have their finances closely inspected. This means that there are good prospects for those entering the industry and these opportunities can be maximized by showing expertise in computer applications, gaining a license or certification from a professional organization, or earning a Master's degree.
The main job of an accountant or auditor is to make sure that businesses maximize production, pay taxes correctly, and keep public records. They do this in a number of ways including keeping accounts for governments, administrations, and the public; and also performing auditing services inside organizations. Accountants review, draft, and authenticate documents containing financial information for clients. In addition, accountants are finding it increasing valuable to posses associated knowledge in areas such as information technology, the law, analyzing budgets, and planning investments.
Students considering a career in accounting, or wanting to studying accounting, should obviously have a solid background in mathematics. They should also have a good business mind, an ability to pay attention to detail and a desire to work in an environment in which they will be challenged more than they may have surmised. Accounting forms an important function of any company as it relates to many aspects such as listing of shares, analysing budgets or forecasting company finances.
Accounting curricula equip students with the skills they need to prepare taxes, budgets, business and retirement plans, and investment portfolios. With the new surge in technology in the field, accounting courses may cover topics such as enhanced data collection and access, and new accounting software. Other accounting courses may include corporate tax, advanced financial accounting theory, strategic management, and auditing principles and procedures. As these courses are usually followed by individuals who have already worked in this field, they are popular among accounting professionals wanting to upgrade their skills and be abreast of the latest technology and processes evolving in this field.
Some accounting concentrations include: public accounting, financial accounting, managerial accounting, internal auditors, cost accounting, auditing, tax accounting, budget control, governmental accounting, accounting education, non-profit accounting, internal auditing, personal financial advice.
Graduates with a Masters (MS) degree in business accounting may become public accountants, management accountants, internal auditors, controllers, taxation specialists, chief financial officers and more.
(Source: 1. Ledbury Research Sept 2007)
Masters in Finance and Accounting are designed to give students the advanced knowledge, skills and practical education necessary to focus on finance and accouting careers.
Some examples of Masters in Finance and Accounting
- MSc in Finance
- MSc in Professional Accountancy
- MSc in Advanced Financial Information Systems
- MSc in Accounting and Finance
- MSc in International Accounting
- MSc in Financial Management
- MSc in Risk & Asset Management
- MSc in Computational Finance
- MSc in Real Estate Investment and Finance
- MSc in Finance & Strategic Management
- MSc in Financial Economics
- MSc in Finance and Business Economics
- MA in Banking and Finance
- MSc in Global Banking and Finance
- MSc in Corporate Finance
- MSc Mathematical Finance
- MSc in Quantitative Finance and Financial Engineering
- MSc in International Finance
- MA in International Economics and Finance
- MA in Finance, Accounting and Management