Finance and Investment
UCAS codeUCAS N300
Duration4 years full-time
- Year Abroad
- Year in Industry
- Foundation Year
If you’re a problem solver who wants a career making data-driven decisions, then our BSc Finance and Investment is the course for you.
Build a strong knowledge of key financial principles and techniques while exploring topics such as data analysis, econometrics, derivatives, portfolio, and risk management. Develop data handling skills by working on real-time business data in our Bloomberg Lab, using industry standard trading floor simulation software. Grow the confidence and expertise you’ll need to advise on the financial risks that businesses face and spot the investment opportunities available to them.
Kent Business School is a supportive community, where you’ll work closely with your academic adviser and our world leading academic staff. We’ll work with you to develop the knowledge, skills, and experience that you’ll need to pursue sought-after careers in banking, investment or risk management.
You take a Year in Industry following your second year of study, enabling you to apply your expertise in a work setting while earning a salary.
Why study Finance and Investment at Kent?
Gain work experience with a paid year in industry.
Study at a ‘Triple Crown’ business school accredited by AACSB, AMBA, and EQUIS.
Take a ‘selfie year’ and bring your business ideas to life at our aspire centre.
Taught by experts.
This course has been acknowledged under the CFA University Affiliation.
Everything you need to know about our Finance and Investment course
How you'll study
Our typical offer levels are listed below and include indicative contextual offers. If you hold alternative qualifications just get in touch and we'll be glad to discuss these with you.
32 points overall or 16 points at HL, including Mathematics 4 at HL or SL
Mathematics grade 5 / B
Pass all components of the University of Kent International Foundation Programme with a 60% overall average, and 60% in LZ013 Maths and Statistics if you do not hold GCSE Maths at 6/B or equivalent).
The University will consider applicants holding T level qualifications in subjects closely aligned to the course.
The University welcomes applications from Access to Higher Education Diploma candidates for consideration. A typical offer may require you to obtain a proportion of Level 3 credits in relevant subjects at merit grade or above.
What you'll study
This module listing is based on the current curriculum and may change year to year in response to new curriculum developments and innovation.
Your first year is a compulsory introductory year, designed to provide you with a strong foundational understanding of key concepts and ideas in finance, like how financial markets and systems operate. It will give you an insight into key areas that will support a career in finance and investment including economics, data analysis, and statistics.
This is an introductory module to introduce students to the role and evolution of accounting. Topics to be covered may include: single entry accounting; double entry bookkeeping; financial reporting conventions; recording transactions and adjusting entries; principal financial statements; institutional requirements; auditing; monetary items; purchases and sales; bad and doubtful debts; inventory valuation; non-current assets and depreciation methods; liabilities; sole traders and clubs, partnerships, companies; capital structures; cash flow statements; interpretation of accounts through ratio analysis; problems of, and alternatives to, historical cost accounting.
The module will cover various aspects of the changing international business environment, and their impact upon business operations and strategy. It will give students an appreciation of the business difficulties faced; the variety of factors influencing the choices and compromises that have to be made in international businesses, and the implications of those for the future viability and effectiveness of the organisations concerned.
So much of the world of business is based on quantitative information—sales, stock control, investments, loans, production levels, staffing numbers, share prices, interest rates, quality control, etc. etc. In almost any organisation where you work you must expect to deal with numbers. This module introduces you to the way you can make use of quantitative information through statistical analysis.
The following topics will be taught:
- Summarising data with frequency distributions, measures of central tendency, spread and skewness. Visual representation of data in the form of graphs and charts.
- Probability: The relationship between probability, proportion and percent, addition and multiplication rules in probability theory, Venn diagrams.
- Distributions: Discrete (Binomial, Poisson) and Continuous (Uniform, Exponential, Normal).
- Sampling and hypothesis testing and its use in inference; applications of sampling in Quality Control, business and accounting.
- Regression and correlation: scatter plots; simple regression.
- Decision making: payoff tables and decision strategies; decision trees; the Bayesian approach.
- Functions, equations and inequalities: linear functions, solving linear equations and solving simultaneous linear equations graphically; simple polynomials such as quadratic and cubic functions; manipulation of inequalities.
- Linear Programming – problem formulation and the graphical solution method.
- Calculus: The concepts of differentiation and integration, and their relationship; stationary values.
- Financial mathematics: Logarithms and exponential functions. Simple and Compound interest, annuities and perpetuities, loans and mortgages, sinking funds and savings funds, discounting to find NPV and IRR and interpretation of NPV and IRR.
This module will introduce the financial system, the markets within the system, various instruments and key concepts. It provides an overview of the roles of financial intermediaries, as well as the fundamental products that they trade. The module will include an historical consideration of the markets, as well as the investigation of current developments, to allow understanding of inter-relationships within the wider economy. An introduction to various financial securities will provide contexts for focus on key concepts of Finance.
This module introduces students to economics in its two main components, microeconomics and macroeconomics. The module is designed to explain the main ways in which economists think about economic problems faced by individuals, firms, markets and governments.
My lecturers are fantastic! They are very engaging and do their best to interact with and engage students during lectures.Jordan Pali
Your second year allows you to develop your critical thinking about finance and investment with greater emphasis on the bigger picture of the world of finance. You’ll learn about the world of international banking, understand derivatives, and develop your skills in Excel.
This module will examine how Excel can be used for financial data analysis. A brief revision of each financial concept will be presented. The syllabus will typically cover:
Introduction to Excel:
- Basic functions, mathematical expressions
Data Analysis with Excel:
- Data analysis, charts, solver, goal seek, pitot tables and pivot charts
- Applications of time value of money
- Applications of capital budgeting techniques in Excel (IRR, NPV, Scenario Analysis, Monte Carlo simulation)
- Company Valuation Models
Portfolio Analysis and Security Pricing:
- Portfolio models, calculations of efficient portfolios, variance-covariance matrix
- Beta coefficient estimations and security market line
- Bond Valuations
- Binomial option pricing, Black-Scholes model.
This module begins with a focus on the financial system of the UK, including the major players in the markets and key interrelations. It then proceeds to cover key topics, including: advanced portfolio theory, the capital asset pricing model, arbitrage pricing theory, the implications and empirical evidence relating to the efficient market hypothesis, capital structure and the cost of capital in a taxation environment, interaction of investment and financing decisions, decomposition of risk, options and pricing, risk management, dividends and dividend valuation models, mergers and failures and evaluating financial strategies.
n the wake of the largest economic crisis in recent times many causes have been proposed for the turmoil. At the centre of the argument is banks' excessive risk-taking behaviour, especially through abundant lending, over-leveraging and dramatic expansion in the usage of credit transfer products in the years leading up to the crisis. On the policy side, incompetence of regulators overseeing the banking system is voiced. Therefore, understanding the banking business and regulation from an international perspective is of paramount importance to prevent future economic crises that may be caused by banks. In this perspective, the module examines the different types of banks, their financial features and risk in banking. It introduces several international banking activities that link national financial markets globally. Particular focus is placed on the importance of regulation from an international perspective through Basel accords.
This module is designed to build upon financial accounting topics taught in previous modules and assess them at a more advanced level. It will also introduce topics, not previous taught. Areas that will be covered are:
The conceptual and regulatory framework for financial reporting – The need for a conceptual framework and the characteristics of useful information. Define what is meant by 'recognition' in financial statements and applying the recognition criteria to assets/liabilities and income/expenses.
Look at why an international regulatory framework is needed over a national regulatory framework. Review the work of the International Accounting Standards Board in setting international accounting standards and how they are moving to harmonised global accounting standards using a principles based rather than a rules based framework.
Describe the concept of a group as a single economic unit and explain and apply the definition of a subsidiary within relevant accounting standards. Prepare basic consolidated financial statements using these concepts.
Distinguish between tangible and intangible non-current assets. Review methods of valuation/revaluation including impairment of assets.
Account for current and deferred taxation within financial statements.
Account for the translation of foreign currency transactions at the reporting date.
Business ethics and sustainability are central to contemporary management and thus this module will explore the following topics:
- History, definitions and timeline of society's view on business ethics and sustainability
- Cross-disciplinary approaches to ethics and sustainability
- Role of globalisation, policy and culture
- Ethics and ethical dilemmas
- Change Management, Values, Governance and Leadership
- Sustainable Business Models
- Social Innovation
- Partnerships and collaboration
- Responsible Supply Chain Management
- Environmental Assessment Frameworks and Sustainable Management in practice
- Sustainable Supply Chain Management
- Innovation and creativity
- The role and responses of Corporations, SMEs, Public and not-for-profit organisations.
The module aims to give students a solid understanding of the basic econometric tools that are often used in the empirical finance literature. The module also develops the IT skills of the students so that students are able to implement sophisticated statistical techniques to model, analyse and forecast financial data by means of Eviews (econometric software). Students will also improve their ability to critically evaluate the use of econometrics in the academic finance literature.
This module is concerned with derivative securities used by the investors for hedging (risk management), speculation and arbitrage purposes. In this module students learn about various derivative instruments such as forwards, futures and options contracts on a range of different underlying assets. These underlying assets could be physical assets such as commodities (gold, oil, etc.) or financial securities (currencies, stocks, etc.). Students also learn about how these derivative instruments are valued. The main focus behind the use of these derivatives would be from risk management perspective. More specifically, this module aims to cover the following topics:
- Types of derivative instruments and their characteristics
- Forward contracts and their valuation
- Futures contracts and their valuation
- Options contracts and their valuation
- Uses of derivatives in portfolio management.
The module helps prepare students to acquire and develop the employability and transferable skills necessary to search and successfully apply for work experience and graduate opportunities in the commercial and public sector and postgraduate study.
Year in industry
You have the option to take a 12 month placement which is integral to your chosen degree programme between the 2nd and 3rd year of study
You are supported by a dedicated placement team and a programme designed to ensure that you gain experience in the functional areas and industries of your choice.
The placement allows you to experience, first hand, many of the issues addressed in the taught programme and to use the tools, techniques and applications in a real business setting. It will become a vital component of your CV and will give you a distinct advantage over other business graduates.
You need to pass Stage 2 to progress to the Year in Industry. Find out more about the placement year with the Kent Business School.
The following modules are offered to our current students. This listing is based on the current curriculum and may change year to year in response to new curriculum developments and innovation:
BUSN6990 - Year in Industry Experience (90 credits)
Your final year has a greater focus on capstone finance and investment areas such as risk management, portfolio management, alternative investments, and fixed income securities. You’ll also choose from a range of optional modules that may include more specialised areas relating to your course like Fintech and behavioural finance, or more general areas, including business law. Equally, you’ll have the option to do an individual research project and develop your skills of working independently.
The world of fixed-income markets is becoming increasingly more complex with debt instruments that have varied payoffs structures and fixed-income derivatives that are growing in size and complexity. As a result of the 2007-2008 global financial crisis many key players in the fixed-income markets either collapsed (Bears Stearns and Lehman Brothers), or were bailed out by governments (Freddie Mac, Fannie Mae, the Royal Bank of Scotland, Lloyds TSB, and HBOS, etc.). Hence, the aim of this module is to provide an introduction of the complex nature of fixed-income markets and securities and a discussion on the forces affecting prices and risks of such instruments. The module will also include a discussion on the appropriate management techniques to hedge the risks associated with fixed-income instruments.
This module provides students a solid foundation on key topics of portfolio management, which covers various categories of portfolios and constructing portfolios targeting given objectives. The content includes:
- The Investment Policy Statement
- Modern Portfolio Management Concepts, Asset Classes, and International Diversification
- Management of Individual/Family Investor Portfolios
- Management of Institutional Investor Portfolios
- Economic Analysis, Setting Capital Market Expectations, and Industry Analysis
- Asset Allocation, Risk Aversion and Optimal Risky Portfolios
- Portfolio Construction and Revision, Portfolio Theory and Practice
- Performance Evaluation of Portfolio Management.
The curriculum considers the alternative investment techniques available in the global financial markets. Portfolio analyses will be extended to include focuses on commodities, real estate, private equity and hedge funds. The module will include an investigation of the underlying rationale for such investment types as well as providing an understanding of the construction and management of relevant strategies.
The syllabus will typically cover:
- Introduction to Alternative Investments and their characteristics
- Hedge Fund Strategies
- Investing in Commodities
- Real Estate investment instruments
- Private Equity / Venture Capital Valuation
- Formulation and implementation of various active and passive investment strategies, as well as the analysis and management of risks associated with particular strategies.
The module begins with motivations for risk management in general and then covers the practice of risk management. In particular, students are introduced to the current thinking on governance and regulatory systems, followed by industry practices for managing certain common types of risk. Critical evaluation of these practices is incorporated where applicable.
Topics covered in this module include:
- Introduction to general risk management theory, how and why it generates value
- A taxonomy of risks, including Market Risk, Credit Risk, Liquidity Risk, Operational Risk, Model Risk, Regulatory Risk, Legal/Contract Risk, Tax Risk, Accounting Risk, and Political Risk.
- Introduction to Governance and Regulation
- Standard measures of risk
- Risk measurement for security portfolios
- Hedging techniques using financial derivatives
- Evaluation of hedging performance.
The module helps prepare students to acquire and develop the employability and transferable skills necessary to search and successfully apply for work experience and graduate opportunities in the commercial and public sector and postgraduate study. The curriculum builds on knowledge and experience gained in related employability modules delivered at Stages 1 and 2, providing further guidance and more advanced practical exercises in application writing, CVs, careers advice, interview and assessment centre techniques, numeracy and competency tests, and psychometric evaluation. The aims here are to support students during their final year in applying for good graduate jobs and MSc degree programmes.
The law affects the commercial world in many ways. This module focuses on how businesses fulfil their legal obligations to customers, suppliers and their workforce. As well as exploring how businesses are structured and the duties on directors and partners it also considers the legal obligations individuals and organisations have over those to whom they have a duty of care. The module further covers the main laws governing the employment of staff and contractors. By applying the law to real-world business situations students are able to fine-tune their problem solving skills, and their ability to construct well-reasoned and persuasive arguments.
This module will allow students to work on a substantive piece of research which will allow them to frame and prioritise real business problems using well known fields and frameworks within academic business and management disciplines.
- Developing important research questions in the area of business and management
- Literature search and review
- Understanding different research designs used in business and management research projects
- Collection, use and analysis of secondary and primary data
- Developing Analytical and Critical Thinking in using theory and data to frame and address business and management problems
- Preparing and structuring the Business/Consultancy Project
- Referencing, Citations and Developing writing skills
- Communication and Presentation skills.
This module is concerned with International Investment Banks’ products and strategies that involve the description and analyses of the characteristics of more commonly used financial derivative instruments such as forward and future contracts, swaps, and options involving commodities, interest, and equities markets. Modern financial techniques are used to value financial derivatives. The main emphasis of the module is on how International Investment Banks value, replicate, and arbitrage the financial instruments and how they encourage their clients to use derivative products to implement risk management strategies in the context of corporate applications.
This module will provide students with an introductory understanding of Financial Technology and its application to the institutions' daily business. The students will have a good understanding of the range of the technologies that help financial systems that can include banking, insurance, and financial market. The students will acquire the ability to understand issues related to technology and find pathways towards addressing them. The module will cover the following indicative topics:
- Introduction to Techs: FinTech, InsurTech, WealthTech, RegTech, SupTech, etc
- Blockchain and Digital assets: Cryptocurrency, bitcoin, ethereum, etc;
- Robot advisors;
- Decentralised Finance and financial inclusion;
- Fintech regulation;
- Global and regional perspectives on Fintech adoption.
This is an introductory module to introduce students to the role and evolution of accounting.
Topics to be covered may include: single entry accounting; double entry bookkeeping; financial reporting conventions; recording transactions and adjusting entries; principal financial statements; institutional requirements; auditing; monetary items; purchases and sales; bad and doubtful debts; inventory valuation; non-current assets and depreciation methods; liabilities; sole traders and clubs, partnerships, companies; capital structures; cash flow statements; interpretation of accounts through ratio analysis; problems of, and alternatives to, historical cost accounting.
Making decisions is one of the most important things any manager or business must do. Making smart decisions, however, can be extremely difficult due the complexity and uncertainty involved. Decision Analysis (DA) provides a structured and coherent approach to decision making. It involves a wide range of quantitative and graphical methods for identifying, representing, and assessing alternatives in order to determine a best course of action. DA is regularly employed by many leading companies in the pharmaceutical, oil and gas, utilities, automotive, and financial services sectors. In this module, you learn about the basic concepts of DA and how to apply it in a variety of practical business planning situations.
This module is designed to build upon financial accounting topics taught in previous modules and assess them at a more advanced level. It will also introduce topics, not previous taught.
The following is an indicative list of topics to be covered:
- Accounting for complex transactions in financial statements
- Analysing and interpreting financial statements
- Preparation of financial statements including those for complex groups
- Content and application of International Accounting Standards, as appropriate.
How you'll study
Teaching and assessment
Our enthusiastic team of international teaching staff are all experts in their field of study and are regularly published in leading journals worldwide. They guide and support your learning, bringing their subject to life and drawing you into the conversation through lectures, seminars, presentations and computer-based simulations.
Your progress is assessed through a mix of coursework – including reports, essays and presentations - and exams. Undergraduate students can expect around 8 contact hours per week, depending on year of study and optional module choices made. The remainder of the working week consists of self-guided study.
As part of your studies it is also possible to take a foreign language module in stage 1 and for students going on a Year Abroad in year 1 and 2 subject to programme requirements. Alternatively, our university also offers language courses as part of extra-curricular activities.
For a student studying full time, each academic year of the programme will comprise 1200 learning hours which include both direct contact hours and private study hours. The precise breakdown of hours will be subject dependent and will vary according to modules. Please refer to the individual module details under Course Structure.
Methods of assessment will vary according to subject specialism and individual modules. Please refer to the individual module details under Course Structure.
For programme aims and learning outcomes please see the programme specification.
At university, I gained an understanding of the professional environment.
Our graduates look to make their mark on the organisations they join, whether they are large multinational companies or small local firms in Kent.
Kent Business School students make their ambitions known, working at companies like:
- Fidelity Investment
- Royal Bank of Scotland
A vibrant environment
Fees and funding
For details of when and how to pay fees and charges, please see our Student Finance Guide.
For students continuing on this programme, fees will increase year on year by no more than RPI + 3% in each academic year of study except where regulated.*
Your fee status
The University will assess your fee status as part of the application process. If you are uncertain about your fee status you may wish to seek advice from UKCISA before applying.
Fees for year in industry
Fees for undergraduate students are £1,385.
Fees for year abroad
Fees for undergraduate students are £1,385.
Students studying abroad for less than one academic year will pay full fees according to their fee status.
Find out more about accommodation and living costs, plus general additional costs that you may pay when studying at Kent.
Kent offers generous financial support schemes to assist eligible undergraduate students during their studies. See our funding page for more details.
The Kent Scholarship for Academic Excellence
At Kent we recognise, encourage and reward excellence. We have created the Kent Scholarship for Academic Excellence.
The scholarship will be awarded to any applicant who achieves a minimum of A*AA over three A levels, or the equivalent qualifications (including BTEC and IB) as specified on our scholarships pages.
We have a range of subject-specific awards and scholarships for academic, sporting and musical achievement.
Be inspired with ASPIRE
Our ASPIRE labs offer a unique and exciting entrepreneurial education via informal drop in sessions and our Business Start-up journey.
ASPIRE offers a unique and exciting entrepreneurial journey to develop your business idea, designed to inspire and encourage creativity.
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Undergraduate applications open for 2024 entry on 16 May 2023. You can still apply for courses starting in 2023 via the UCAS website.
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