Msc Finance and Management Programme Specification 2023-24

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1	ACADEMIC QUALITY TEAM
2	Programme Specifications 2023-24
3	Revised February 2023
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6	Programme Title			MSc. Finance and Management
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8	This document applies to students who commenced the programme(s) in:			2023			Award type			MSc
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10	What level is this qualification?			7(M)			Length of programme			1 Year
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12	Mode of study (Full / Part Time)			Full Time
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14	Will the programme use standard University semester dates?			Yes			For York Online programmes, will standard dates for such programmes be used?			N/A
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16	Awarding institution			University of York			Board of Studies for the programme			Finance BoS
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18	Lead department			School for Business and Society			Other contributing departments			Department of Economic and Related Studies
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20	Language of study and assessment			English			Language(s) of assessment			English
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22	Is this a campus-based or online programme?			Campus Based
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24	Partner organisations
25	If there are any partner organisations involved in the delivery of the programme, please outline the nature of their involvement. You may wish to refer to the Policy on Collaborative Provision
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28	Reference points
29	Please state relevant reference points consulted in the design of this programme (for example, relevant documentation setting out PSRB requirements; the University's Frameworks for Programme Design (UG or PGT); QAA Subject Benchmark Statements; QAA Qualifications and Credit Frameworks).
30	Consideration the QAA benchmark statement for finance and the Business and Management benchmark has been considered at the masters 7(M) level.
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32	Credit Transfer and Recognition of Prior Learning
33	Will this programme involve any exemptions from the University Policy and Procedures on Credit Transfer and the Recognition of Prior Learning? If so, please specify and give a rationale
34	N/A
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36	Exceptions to Regulations
37	Please detail any exceptions to University Award Regulations and Frameworks that need to be approved (or are already approved) for this programme. This should include any that have been approved for related programmes and should be extended to this programme.
38	N/A
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40	Internal Transfers
41	Please use the boxes below to specify if transfers into / out of the programme from / to other programmes within the University are possible by indicating yes or no and listing any restrictions. These boxes can also be used to highlight any common transfer routes which it would be useful for students to know.
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43		Transfers in:	Yes - if the admission criteria is the same for the programme.				Transfers out:	Yes - if the admission criteria is the same for the programme.
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46	Statement of Purpose
47	Please briefly outline the overall aims of the programme. This should clarify to a prospective student why they should choose this programme, what it will provide to them and what benefits they will gain from completing it.
48	The MSc Finance and Management is designed for students who wish to pursue a career in general management either in an established businesses, the public sector or as an entrepreneur, while gaining a detailed knowledge of the finance function of the organisation. This will prepare them for a career path targeted up to CEO level; allowing graduates of this programme to play their full part in leading discussions around how their own specific area of management responsibility impacts on wider financial performance. Grounded in real-world behaviour, students will be given a rigorous academic training on how to strategically allocate financial resources, how private and public sector organisations can gain funding from financial markets, and governance mechanisms that allow investors and non-executive boards to have confidence in organisational decision-making. In addition, students will study a variety of relevant mathematical and statistical methods that underpin many techniques that are applied in industry and academia, and they will undertake a substantive individual research project where they can apply their knowledge to a real-world business problem with a significant finance component. Students will also gain a range of employability and personal transferrable skills that can be directly applied within a career in general management in both the public and private sectors. The MSc in Finance and Management will also require students to reflect on ethical and sustainable aspects of organisational decision making, placing the programme firmly within the public good mission of the wider University.
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56	If there are additional awards associated with the programme upon which students can register, please specify the Statement of Purpose for that programme. This will be most relevant for PGT programmes with exit awards that are also available as entry points. Use additional rows to include more than one additional award. Do not include years in industry / abroad (for which there are separate boxes).
57	Exit Award Title			Is the exit award also available as an entry point?	Outcomes: what will the student be able to do on exit with this award?				Specify the module diet that the student will need to complete to obtain this exit award
58	Masters (MSc) Finance and Management			Entry and Exit	All Eight PLOs to be completed				Modules normally Level 7(M). At least 150* credits at Level 7(M); maximum 30 credits at Level 6(H)
59	Post Graduate Diploma (PGDip) Finance and Management			Exit Only	PLO 1 - 7 inclusive to be compeleted				Modules normally Level 7(M). At least 90*credits at Level 7(M); maximum 30 credits at Level 6(H)
60	Post Graduate Certificate (PGCert) Finance and Management			Exit Only	PLO 1 - 7 inclusive to be compeleted				Modules normally Level 7(M). At least 40 credits at Level 7(M); maximum 20 credits at Level 6(H)
61	*Note: these award requirements reflect the minimum requirements set out in the QAA’s Framework for Higher Education Qualifications. For programmes using the 20-credit common modular currency, the expectation for design would be at least 160 credits at Level 7(M) for Masters and at least 100 credits at Level 7(M) for Postgraduate Diplomas.
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63	Programme Learning Outcomes
64	What are the programme learning outcomes (PLOs) for the programme? (Normally a minimum of 6, maximum of 8). Taken together, these outcomes should capture the distinctive features of the programme and represent the outcomes that students progressively develop in the programme and achieve at graduation. PLOs should be worded to follow the stem 'Graduates will be able to...'
65	1	Critically evaluate the behaviour and operations of the finance function of non-financial organisations, how the finance function interacts with other management disciplines to allow organisations to meet their vision, mission and strategy through the strategic allocation of financial resources, and the role of non-financial organisations within the wider international political and economic environment.
66	2	Apply the main techniques used in corporate and investment finance, corporate strategy and international business, display a critical awareness of their relevance for the operations of non-financial organisations, potential problems and issues within the application of those techniques in practice, and how investors and non-executive boards ensure that corporate managers act on their behalf (corporate governance).
67	3	Appraise and evaluate the major theories used in the study of finance, strategy and international business, be able to describe the assumptions and mathematics methods behind these theories and communicate clearly to academic and managerial audiences the advantages and limitations of applying these theories to specific practical contexts.
68	4	Solve complex financial and management problems by locating, downloading and cleaning the most appropriate data, and applying the most relevant statistical and computational techniques to these data to address the problem at hand.
69	5	Explain how sustainable and ethical management practices can co-exist with maximising shareholder wealth, and display a critical understanding of how such a balanced management approach can be implemented.
70	6	Produce well-reasoned written communications based on analytical reasoning and supported, where necessary, by data-based evidence, and display other personal transferable skills including: the ability to work positively within a group; act inclusively within a diverse academic community; reflect on personal strengths and weaknesses; identify areas for growth in their own knowledge and practice by engaging in continuing professional development.
71	7	Formulate a management project proposal with a significant financial component; identify the relevant academic and practitioner literature that best inform the project; identify and obtain the most appropriate data and methodologies for undertaking the project; independently carry out the project efficiently and to deadline; and effectively communicate results in a way that will persuade both expert and non-expert audiences.
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73	Diverse entry routes
74	Detail how you would support students from diverse entry routes to transition into the programme. For example, disciplinary knowledge and conventions of the discipline, language skills, academic and writing skills, lab skills, academic integrity.
75	The programme has entry requirements established to allow entry for graduates with an upper second-class overall grade from any discipline. The one key requirement stated in the entry criteria is that the applicant should have evidence of past quantitative skills. This should be evidenced by a module in the second or third years of a degree which has a strong quantitative element. This might include, yet not exclusively: statistics, econometrics, mathematics, engineering, physics or a similar quantitative field. Within this programme aimed at all graduates we have two foundation core modules (Finance and Investment Management and Quantitative Methods for Finance) which introduce all students into finance and investments and enhances current quantitative skills and techniques required for study. The management elements of the programme are introduced using the Fundamentals of Management & Strategy module. The first semester of the programme is developed to include only core modules which are deemed appropriate for those studying finance and management for the first time.
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82	Inclusion
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84	Please confirm by ticking the box on the right that the design, content and delivery of the programme will support students from all backgrounds to succeed. This refers to the University's duties under the Equality Act 2010. You may wish to refer to the optional Inclusive Learning self-assessment tools to support reflection on this issue.
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86	Employability
87	Please give a brief overview - no more than 5 sentences - of how the programmes helps develop students' employability. Your Faculty Employability Manager can help reflection on this issue. This statement will be used by Marketing as the basis for external content with respect to employability.
88	This course will provide you with the theoretical knowledge and technical skills needed for financial roles in private and public sector organisations around the world. Our graduates go on to careers in all aspects of business and management. This course will help you acquire or develop the analytical and decision making skills in management and finance you need for a successful career in a wide range of organisations. This course will help build your qualifications for a career in accountancy, finance or financial management and can act as an ideal basis for progression to a PhD.
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93	[For Undergraduate and Integrated Masters Programmes Only]
94	Are you offering any variations of this programme, such as additional years abroad or industry?
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96	Year abroad					Will the year abroad programme be available directly via UCAS; for students to transfer in having entered the main programme; or both?				Inappropriate for the programme
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98	Year in industry					Will the year in industry programme be available directly via UCAS; for students to transfer in having entered the main programme; or both?				Inappropriate for the programme
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100	Year in enterprise