Corporate Finance and Risk (Compulsory – 20 credits)
The main purpose of this module is to provide a systematic knowledge and understanding of a range of approaches to corporate finance and risk. It combines a theoretical approach to financial theory with the practical tools and techniques of corporate financial management. It outlines the sources of funds available to the corporate sector and the operation, importance and impact of global financial markets. It examines how corporate organisations plan for, finance, and fund investments, including mergers, acquisitions and brand new operations. The module also outlines the nature of risk and the tools and techniques to cope with and manage risk in the corporate environment.
Written Coursework (60%)
Presentation and Report (40%)
Current Issues in Accounting, Economics and Finance (Compulsory – 20 credits)
The world of finance is ever changing – during any semester there will be major changes in terms of corporate finance, national finance, international finance or all three. The aim of this module is to allow students an opportunity to engage, reflect and critically evaluate these contemporary events.
Written Coursework (50%)
Reflective Logs (50%)
Professional Development and Practice in Business and Management (Compulsory – 10 credits)
The aim of this module is to provide students with the tools, techniques and competencies to enhance both their academic learning and personal development. It requires students to reflect upon their performance and intellectual development. In addition, the module aims to develop and promote critical employability skills to enhance student career opportunities and prospects.
Quantitative Finance (Compulsory – 20 credits)
The aim of the course is to give students confidence and skill in the use of the mathematical and statistical methods used in the field of financial management, including the calculation of financial market yields and prices, frequency distributions, risk and probability, correlation and regression analysis.
Research Methods (Compulsory – 10 credits)
This module provides a comprehensive introduction to research as practised in finance and related disciplines. It provides an overview of the key quantitative and qualitative methodologies that are needed to undertake, evaluate and present a small scale research project. Following an introduction to research the module will move on to explore the major paradigms and debates.
It will help students to build appropriate strategies for reviewing literature and developing a coherent set of aims and objectives for a research study. It identifies how to develop research questions/hypotheses and how to produce a robust and realistic research proposal and research design considering issues of data validation, triangulation and reliability. It will develop the students’ awareness of the importance of Ethical considerations within a research project.
Ethics Form (30%)
Dissertation (Compulsory – 40 credits)
The dissertation provides an opportunity for in depth study of a topic relevant to management. On successful completion of the module, the student should be able to critically evaluate major schools of thought within relevant financial management theory; translate theory into practice through the study of its application in the real world; undertake empirical research in this area and draw strategic conclusions about the implications of the results for managerial decision-making.
Global Financial Institutions (Elective – 20 credits)
The main purpose of this module is to provide a systematic knowledge and understanding of role and functions of financial institutions from Central Banks and International Organisations through to face to face institutions. The module provides an overview of the financial markets in which GFI operate focuses primarily on the institutions and their interactions with each other and the markets.
Written Coursework (50%)
Take-over Exercise (50%)
Islamic Investment Banking (Optional – 20 credits)
The aim of this module is to build on the concepts and principles introduced in “Introduction to Islamic Finance” This module specifically focuses on the system and instruments used in Islamic Finance and how these might offer viable alternatives to both “western” and “non western” companies. Specifically providing knowledge & comprehensive understanding of the essential elements of Islamic corporate and project finance structures and specific risks involved. Also the module seeks develop understanding of Sharia’a compliant structures, strategies, valuations and instruments for different purposes and identify, mitigate & mange the risk profile of investments.
Written Coursework (50%)
Group work & Presentation (50%)
Wealth Management (Optional – 20 credits)
The main purpose of this module is to provide a systematic knowledge and understanding of the comparatively new field of Wealth Management as it impacts on high net worth individuals. This area, which has limited regulation, has been identified by the Bank of England as having the potential to be the next mis-selling Scandal. This module aims to provide a detailed and holistic approach to Wealth Management and planning to incorporate in-depth knowledge of real and financial assets, portfolio construction, tax planning and risk management.
Case Study (50%)
Behavioural Finance (Optional – 20 credits)
Behavioural Finance is a study of how investor behaviour and behaviour patterns impacts on investment decisions. The field looks at cognitive psychology, economics and investor needs. This module aims to provide students with a detailed understanding of Behavioural Finance.
Capital Markets and Derivatives (Optional – 20 credits)
The module is designed to build on the finance related knowledge and skills acquired in Compulsory modules a strategic understanding of capital markets and their most volatile instruments. It will provide a sound understanding of modern corporate finance theory and practice and will equip students with the ability to analyse internal & external accounting statements.
International Political Economy (Optional – 20 credits)
The course will aim to introduce students to international geopolitics with introductions to the supranational political entities and international cooperation and dispute resolution mechanisms. Students will also learn of comparative political and legal systems and the role of these systems in international commerce and finance. This will encompass several aspects economic, political and security policy. There will also be an analysis of the role played by the Cold War in the development of the current international political order. This is not an Anglo-Centric course.
Coursework 1 (50%)
Coursework 2 (50%)
Management of Finance (Optional – 20 credits)
This module is designed to enable students to analyse and critically evaluate financial choices using investment appraisal techniques, taking into account the cost and sources of capital and the necessity of managing the balance sheet. It will raise awareness of external considerations, such as take-over threats, interest rate movements, and currency fluctuations, which may impinge on decision making. The intention is to cover the major financial problems in such a way as to enable students to make a strategic appraisal of financial problems and to identify different courses of actions for dealing effectively with problems.
Professional Work Experience (Optional – 20 credits)
The aim of this module is to allow students an opportunity to undertake a substantial, significant work placement to gain experience in an organisation relevant to their Master’s Award Students should be able to transfer and apply diagnostic and creative skills, and exercise significant judgment in a range of situations through their experience in their work placement.
Written Report (30%)
Employers Report (30%)
Reflective Log (20%)
The teaching philosophy of these programmes is to deliver wherever possible each module with a multi-disciplinary teaching team, providing a more effective framework to encourage and promote an integrated understanding of the field. The role of the module leader will be to co-ordinate, and in effect oversee the delivery of content by the modular team, ensuring that learning outcomes are met.
Module teaching teams will be drawn from the course teaching team. This will not only enhance student learning but provide teaching staff with the opportunity to develop their own knowledge and understanding of other business and management disciplines. This approach to teaching will shape and direct content in a complementary and mutually reinforcing way, allowing for the development of multi-disciplinary assignments and projects and students could be exposed to integrated formative assessments.
Increasing use is being made of the “Moodle” Virtual Learning Environment and, whilst individual lecturers have individual styles, students will be expected to engage in webinars, on-line discussion forums etc. Prospective students should note that the availability of a VLE is not considered a substitute for regular attendance and in a normal week they will be expected to attend a mixture of lectures and seminars for up to 12 hours per week. Please note that is possible that teaching time is between 9.00 am and 9.00 pm.
There is a common shared spine within these programmes which overlaps with existing Masters level programmes within Cardiff School of Management. Consequently students will, for some modules, be taught with students on the MBA, MSc Financial Management and MSc International Business Management programmes. The teaching team consider this a strength of the portfolio.