Paolo Pellegrinelli - Finance (Finance and Management) MSc
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Are you interested in finance and do you hold leadership qualities?
Financial managers cover everything from strategic analysis to the collection and preparation of accounts and financial reporting. A good financial manager must be extremely proficient in the complex systems and processes of the industry whilst also being able to delegate effectively and lead a team.
MSc Finance and Management is delivered by published academics and co-developed by industry leaders. It equips students with a comprehensive framework of financial theory and the practical processes required for the sector, fused with an overview of management studies. Our graduates are ready-made robust managers who can spot errors, make decisions, analyse risk and lead a team effectively.
You’ll spend Stage 1 learning a broad overview of finance and management including corporate finance, and international financial markets and instruments, global strategy, international accounting for decision making. You will end your Master's with a detailed report where under the supervision of a finance expert you work on your individual finance-related research project..
I have developed skills such as problem solving, numeracy and excel expertise which I believe will be very valuable for a career in the finance sector.
~ Paolo Pellegrinelli, MSc Finance and Management 2020
You are more than your grades
For 2022, in response to the challenges caused by Covid-19 we will consider applicants either holding or projected a 2:2. This response is part of our flexible approach to admissions whereby we consider each student and their personal circumstances. If you have any questions, please get in touch.
A minimum of a second-class UK degree, or an equivalent internationally recognised qualification in the a variety of subject areas is accepted for entry into this course.
All applicants are considered on an individual basis and those without an honours degree may also be considered on the basis of work experience, professional qualifications and the relevance of the programme to their current professional role.
All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may also be taken into account when considering applications.
Please see our International Student website for entry requirements by country and other relevant information. Due to visa restrictions, students who require a student visa to study cannot study part-time unless undertaking a distance or blended-learning programme with no on-campus provision.
The University requires all non-native speakers of English to reach a minimum standard of proficiency in written and spoken English before beginning a postgraduate degree. Certain subjects require a higher level.
For detailed information see our English language requirements web pages.
Please note that if you are required to meet an English language condition, we offer a number of pre-sessional courses in English for Academic Purposes through Kent International Pathways.
Duration: 1 year full-time
This flexible programme is a 50 per cent split between both finance and management studies and is studied over one year full-time. It consists of eight compulsory and two optional modules in Stage 1 with Stage2 consisting of a piece of finance-related research.
Stage 1 aims to provide you with a broad overview of finance and management, covering topics such as general strategy, decision making and international financial markets. Optional modules include more specific topics such as financial regulation and corporate responsibility.
Stage 2 consists of one piece of finance-related research. This allows you to further develop your skills in finance theory whilst practically applying the knowledge and skills developed throughout Stage 1.
The MSc Finance and Management programme is available with an optional industrial placement, which will require you to complete the Industrial placement Report.
The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. You may study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.
The module will develop students' understanding of corporate finance theory and its applications to the main problems faced by financial managers and corporate decision makers. The main topics that will be covered include corporate capital budgeting, investment decisions under uncertainty, cost of capital, sources of finance, capital structure, dividend policy and mergers and acquisitions (M&A) decisions.
This module will cover the following topics:
• Investment appraisal techniques and decisions
• Stock market efficiency – capital market behaviour
• Portfolio theory
• The Capital Asset Pricing Model
• Sources of finance
• Capital Structure
- Financial markets and their role for economic activity
- Historical overview of financial markets
- Financial markets in US, UK, Europe and Japan
- Emerging financial markets (BRICS)
- Alternative Investments
- Credit Markets
- Asset Backed Securities and securitization
- Energy markets (oil, gas, CO2, weather, electricity)
- Exchange rate markets
Employers are in search for individuals who possess logical thinking, analytical capability, leadership, communication and the ability to work under pressure. This module develops the necessary research knowledge and skills for students to be able to successfully complete a piece of research in industry or consultancy contexts or academia.
Indicative topics are:
• Choosing the topic of interest and literature review
• Research process and Ethics in in business research
• Choosing your research design
• Preparing the research proposal
• Communicating the Research
The Global Strategy module has two main learning components:
• Acquiring theory and concepts in global strategy and value creation in today's dynamic environment.
• Application of theory and concepts to the formulation, implementation and evaluation of global strategy.
The aim is to critically examine and provide insights into the practice and process of strategic management within a variety of private and public sector organisations globally.
This course is designed to allow students to develop their skills of strategic analysis and their ability to think about the selection and implementation of appropriate strategies in different industry and geographic contexts and in different types and styles of organisations, including non-profit and public sector organisations.
Indicative topics may include:
• What is Strategy, and Why is it Important?
• The Context of Global Strategy and Value Realisation
• Competitive Global Strategy and Strategic Choices
• Business models
• Digital Strategy
• Contemporary Issues in Strategic Management
This module provides an insight into the key concepts and theories of human resource management and organisational behaviour in an international context. It aims to equip students with the skills and knowledge for gaining an in-depth understanding of the links between HRM practices and organisational performance and the factors at play when managing employees globally.
Indicative topics are:
• Strategic management and International HRM
• Diversity and Equal Opportunity in the Workplace
• Gender in International Business and Management
• Managing a Global Workforce
• Organisational Culture Reward Management: International comparisons
• Expatriate Assignments and Adjustment Process
• Globalisation and HRM
• International Compensation
The module provides a basic understanding of how accounting information can be used to interpret the financial position and performance of a business in an international scenario. It will also develop key skills in relation to how accounting information can inform planning and control decisions in multinational companies. The key principles and international standards upon which financial accounting is based and the form and content of the main financial statements prepared by different types of businesses, with a focus on public limited companies will be studied. The importance of corporate governance in modern businesses and the financial situation and performance of a global corporation by means of ratio analysis will be analysed as well as the importance of cost information for decision making purposes. This module covers the key internationally recognised management accounting techniques that modern businesses use for short-term and long-term decision making.
Indicative areas of the syllabus include:
• Concepts underpinning accounting systems and financial statements
• The construction of the primary financial statements and their interpretation and evaluation
• Classification and behaviour of costs and their use in short-term and long-term decision making
• Responsibility accounting systems and performance appraisal measures, including the balanced scorecard and budgeting
This module aims to develop the ability to analyse financial crises and bank regulation, examining the roots, consequences and remedies for the financial crises with the special emphasis on the current global financial crisis. The module also aims to understand the complexity of the financial crisis and the role of bank regulation.
The module will cover topics including the Financial Crisis, banking supervision and regulation, the Basle Accord, banking failures, rating agencies and Financial Crisis, the role of international financial institutions.
Understanding the Multinational Enterprise (MNE) and Foreign Direct Investment (FDI) is a key issue in economic theory and business. Since the emergence of the contemporary MNE at the end of the 19th century, changes in the macroeconomic and microeconomic environment, forced multinationals to change as a response to the rise of new technologies and products, the wider international division of labour and of course the greater integration of production, services, and – financial and other – markets. This changing process became more intense after the 1960s when U.S. and Japanese MNEs emerged as basic players in the international chessboard. Accompanied by the traditional European MNEs formed a triad that still dominates FDI in the world.
The changing geography of international production and investment reflects the dynamic interaction of many economic, organizational and policy factors. While many of these factors have long been relevant, their combination today represents the new forces influencing MNEs' location decisions. A simplistic approach of FDI towards location would not be appropriate to allow us to understand the complexity of international investments decisions. What is needed is a multidisciplinary approach of the phenomenon. It is the aim of this module to offer this multidisciplinary approach to students.
Business failures in the global financial sector, and the subsequent repercussions for a range of different groups, not just shareholders, have put the spotlight on the role of business and the behaviour of managers. Is business just responsible for maximising profit for its owners, or does it have responsibilities to other groups? This raises a number of difficult questions; which groups? responsible for what? And if so, how to discharge these responsibilities?
This module has three main aims:
• To develop critical thought, insight and debate regarding the changing role of business in today's society.
• To broaden your views on the role of business in society.
• To provide you with the tools, skills and knowledge to manage responsibly.
The nature of the topic is constantly changing and evolving; therefore the module will be subject to continual refinement according to developments in industry, government and academia.
Indicative topics are:
• Definitions of Corporate Responsibility
• The Role of Business and Society
• Theories of Corporate Responsibility
• Ethics Theory
• Business Ethics and Corporate Governance
• Areas of Corporate Responsibility
• Firm Level Responses
• Social Accounting
• Criticisms of Corporate Responsibility
• Social Entrepreneurship
This module provides a general introduction to the use of Microsoft Excel in financial applications.
Basic Financial Calculations with Excel (PV and FV, with applications to stock valuation; building loan tables)
Essential Probability and Statistics with Excel
Bond & Stock Analysis (bond pricing, duration and convexity, the yield curve, stock valuation using the DDM)
Portfolio Optimization (building efficient frontiers; constrained optimization)
Derivatives Modelling in Excel
Advanced Modelling: VBA for Financial Applications
Introduction of default risk concept and credit risk-related securities.
Credit rankings (internal and external rating) and the role of credit rating agencies, credit migration.
Default prediction and credit scoring models.
Credit risk portfolio models (risk-adjusted performance, stress-testing portfolio losses).
Corporate bonds and yield spreads.
Default risk pricing models (structural models and reduced-form models).
Market default models: (CreditRisk+, Credit Metrics™, KMV model).
Credit derivatives and credit risks of derivatives.
The aim of this highly practical module is to give students an intensive grounding in analytics modelling and hands-on experience in using industry-standard spreadsheet software (Microsoft Excel®) to structure, analyse and solve a variety of problems encountered in business and management.
Students will learn how to build practical analytics models using descriptive analytics techniques to visualise and interpret data; predictive analytics techniques to predict future outcomes and trends; and prescriptive analytics techniques, such as optimisation and decision analysis, to support decision making in complex situations.
Students will be exposed to a variety of case studies that will prepare them to be data-driven managers and executives capable of utilising analytics for business value creation. Practical demonstrations will include examples in finance (e.g., optimal investment strategies, portfolio optimisation), human resources (e.g., staff scheduling, workforce planning, employee performance management), marketing (e.g., product development, customer classification, marketing campaigns optimisation), supply chain management (e.g., optimal transport routing, production scheduling) and project management (e.g., task scheduling, resource planning, project completion time optimisation).
This module will combine lectures and seminars to present, transfer, discuss and summarise intercultural marketing concepts and frameworks. Indicative topics are:
• Analysis of cultural conditions in global markets
• Cross-cultural Marketing research
• Identification of International segments and niche markets
• Executing marketing mix strategies across different cultures
• Consumer Behaviour across cultures
• Making ethical decisions across cultures
This module will introduce students to Python, a programming language that has become the industry standard. Students will learn how to use Python in order to conduct financial and econometric analysis. Particular emphasis will be placed on programming for specific financial applications such as portfolio optimization, asset valuation, and derivatives pricing. Indicative topics include
• Data types and structures
• Input/output operations
• Data visualization
• Summary statistics
• Valuation and risk
This module will allow students to apply the knowledge and skills gained throughout the course in order to produce an extended independent piece of work in the Finance subject area. Every student will be allocated a personal supervisor who will guide them through the research and write up process. As part of their project, students will generate a relevant research question in finance, analyse the related financial literature, and conduct their own independent research into their topic. More specifically, students will research topics in the fields of finance (MSc Finance); finance, investment and risk (MSc Finance, Investment and Risk); finance and financial management (MSc Finance and Management);; financial technology (MSc Financial Technology).
We use a variety of teaching methods, including:
Classroom-based learning is supported by the latest online technologies and learning platforms.
Your progress on this course is assessed through a variety of means, including:
Students wishing to undertake the optional industrial placement will be required to successfully complete all stage 1 modules. The Industrial Placement is assessed by the completion of the Industrial Placement Report.
The 2022/23 UK fees for this course are:
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In the Research Excellence Framework (REF) 2021, 80% of our research was deemed ‘world-leading’ or ‘internationally excellent’. The school’s environment was judged to be conducive to supporting the development of high calibre research.
Kent Business School is a research-led business school. Our research strategy is developed around the core theme of sustainable innovation which cuts across the entire School. This theme can be seen as being divided into two sub-strands of research aimed at answering these main questions:
Kent Business School advances knowledge through constant promotion and support of innovative research. We have an impact on wider society through extensive collaborations with external partners which range from other academic institutions to a variety of local, national and international businesses as well as the NHS. Within this wider context, our main strategic aim has been geared towards establishing ourselves as a leading institution for research in sustainable innovation.
Kent Business School is a global leader in research and develops a wide portfolio of research related activities including workshops, conferences and research seminar series. This has led to a large number of international collaborations and to over 200 co-authored papers with international partners.
Specialising in public-sector critical accounting and accounting history.
Looking into a wide array of financial issues from derivatives pricing to real-estate modelling.
Innovating in wide-ranging topics such as operational research and systems thinking.
Studying issues surrounding consumer behaviours, product development and maintaining value supply chains among others.
Specialising in improving human resource management, organisational behaviour and leadership.
Helping in the development of innovative business strategies for business all over the world.
Helping companies to solve complex strategic, tactical and operational problems.
Contribute to the productivity debate and drive improvements at all levels; from the national economic output, to changes in the ways SME’s operate.
Providing quantitative analysis of issues in the financial markets for businesses and policy makers.
Helping both academics and practitioners tackle the challenges emerging from the rapid development of new digital technologies
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Staff publish regularly and widely in journals, conference proceedings and books. Among others, they have recently contributed to: Critical Perspectives on Accounting; Quantitative Finance; Human Resource Management Journal; Journal of Product Innovation Management; European Journal of Operational Research; and Psychology & Marketing.
Full details of staff research interests can be found on the School's website.
Our Finance and Management graduates find work in both financial institutions and general management in public and private sector management and consultancy both overseas and in the UK in a wide range of companies and organisations, including:
Many of our students also stay local and find job opportunities regionally in small and medium firms or even set-up their own businesses as well-equipped entrepreneurs.
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In today’s business climate employers are increasingly demanding more from new employees, we are therefore proud that they continually target our graduates for their organisations across the globe. Employers respect our robust teaching and reputation for delivering international business expertise, leading global research and an outstanding international learning experience.
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Kent Business School has close links with: ifs (Institute of Financial Services); dunnhumby, who partners the Consumer Insight Service in the Centre for Value Chain Research; Hong Kong Baptist University, with whom we offer a joint Master’s programme in Operational Research and Finance Business Statistics; University of Castellanza (Italy); Audencia Nantes Business School (France); Aarhus School of Business and Social Sciences (Denmark); Universiti Teknologi Malaysia; University of Ingolstadt, Bayern (Germany); City University of Hong Kong; Renmin University of China, School of Business.
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Telephone: +44 (0)1227 827726
Fax: +44 (0)1227 761187
Telephone: +44 (0)1227 827726
Fax: +44 (0)1227 761187