MSc in International Finance and Management
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Taught Masters
- Code
- F39
- Level
- Postgraduate
- Made up of
- 180 credit points
Description
Please note that this qualification is only available until December 2014. In order to claim your qualification you must have completed the required 180 credit points by this time. If you have any questions about your eligibility for this qualification please contact the Awards and Ceremonies Centre on +44(0) 1908 653003 or by email.
A specialist masters degree, designed for accountants in industry and commerce who want to broaden their perspectives by adding international accounting and finance knowledge and wider management skills.
The programme starts with a one-year course on management that reflects a wide range of contemporary practices and challenges. Then there are two modules, one developing the management theme with a course on strategy, and the other the finance theme with a course on financial strategy. The programme culminates with studies of financial and investment decision-making in an international context, and of international financial reporting and international capital markets. Its approach is analytical rather than computational.
The programme is intended to build competencies to equip people working in the finance and financial reporting functions of companies to perform senior management roles in an international context. The course assumes basic accounting and financial reporting knowledge and its unique selling points are management, strategic finance and reporting to the international capital markets.
The OU Business School is accredited internationally by the European Foundation for Management Development, through its EQUIS programme; and by the Association to Advance Collegiate Schools of Business (AACSB).
Planning your studies
All entrants to this MSc in International Finance and Management must have a minimum of three years’ experience in a managerial, professional or technical role. Usually this means that they are at least 25 years old.
They are normally expected to have some experience of working in the accounting or finance functions of an entity. If you need advice about entry to the programme, please ask our Student Registration & Enquiry Service.
The MSc in International Finance and Management is in two stages. You must expect to successfully complete Stage 1 before you enrol on Stage 2.
Stage 1
There are four routes through Stage 1.
Route 1 – if you already have a bachelors level qualification
To follow this route, you must have at least a bachelors level qualification from a recognised university in Europe, the Commonwealth or rest of the world or the equivalent. Further details are set out under Approved Minimum Entry Requirements below. If you are eligible for this route, you can complete Stage 1 either by taking the Certificate in Business Administration course, Fundamentals of senior management (B713) or, if your qualification is in the business studies area, you can study the Professional Diploma in Management course Managing performance and change (B700) (see under Approved Minimum Entry Requirements below for more about which course you are eligible for given your qualifications). Both B713 and B700 involve 600 hours of study over 12 months.
Route 2 – if you already hold the Professional Diploma in Management or a postgraduate qualification; or have partly completed some postgraduate study
If you have our Professional Diploma in Management (D64) you can count this as Stage 1 of the MSc.
If you have already passed any of the constituent courses of this MSc degree, probably taken as part of an MBA or MPA degree, they can also be counted towards this award. The minimum amount of new study required for this MSc is 60 points.
Alternatively, if you have a postgraduate certificate or postgraduate diploma in accounting, finance, management or business administration, or a masters degree in a related area from elsewhere, or have partly completed such a degree, you can apply to transfer credit. You should do this urgently because, if your application is successful, it may mean that you can count the credit you are awarded at the MSc Stage 1 – permitting you to continue to Stage 2. Alternatively, or even in addition, it may result in some credit for Stage 2, reducing the amount of study needed at that stage. Not applying promptly may mean that you end up studying a course unnecessarily. You are advised to look at our Credit Transfer website.
Route 3 – if you are experienced in managerial work
If you are experienced in managerial work but not eligible for Route 1 or 2, you can take our Professional Certificate in Management (C31) prior to entering Stage 1. When you complete that Certificate, you are then eligible to study our Professional Diploma in Management (D64) as Stage 1 of the MSc. The Certificate followed by the Diploma will take two years.
Route 4 – if you are eligible for the Certificate in Accounting
If you do not qualify under the three routes above, you can take our Certificate in accounting (B680) prior to entering Stage 1. When you complete the certificate, you are then eligible to study our Professional Diploma in Management (D64) as Stage 1 of the MSc. The Certificate followed by the Diploma will take two years.
If you need advice about entry to the programme, please ask our Student Registration & Enquiry Service.
Stage 2
There are four Stage 2 courses. The first two are Strategy (B820) and Financial strategy (B821). These should be taken in this order and completed before taking the final two courses, Issues in international financial reporting (B853) and Issues in international finance and investment (B854). The order in which you take B853 and B854 is not important.
If you qualify for this award on 1 January 2010 or later, then you must have passed the courses required during a period not exceeding ten years. You must complete all the required courses to gain your MSc, passing at least one course every two years. If you fail or withdraw from a course you are allowed to retake it only once. We cannot guarantee that the same programme of courses will continue to be available throughout your study period but we are committed to providing suitable equivalent courses at all times.
Your MSc qualification must include at least 60 credit points from OU courses that have not been counted in any other OU qualification you have been awarded.
Courses
For this 180-point masters degree you require:
Stage 1 – 60 points from the following compulsory courses:
| Postgraduate compulsory courses | Points | Next start |
|---|---|---|
|
60 | May 2010 FINAL |
| or | ||
|
60 | May 2010 FINAL |
Stage 2 – 120 points from the following compulsory courses:
| Postgraduate compulsory courses | Points | Next start |
|---|---|---|
|
30 | May 2010 |
|
30 | May 2010 |
|
30 | Nov 2010 FINAL |
|
30 | May 2010 |
Learning outcomes
The learning outcomes of this qualification are described in four areas:
- Knowledge and understanding
- Cognitive skills
- Practical and professional skills
- Key skills
Read more detailed information about the learning outcomes, and how they are acquired through teaching, learning and assessment methods.
Credit for previous study elsewhere
If you have already completed some successful study at higher education level at another institution we may be able to give you credit for this study that you can count towards this Open University qualification. You can find out more on our Credit Transfer site. If you make a successful claim for transferred credit it may affect your choice of courses so you are advised to investigate this option as soon as possible.
Credit transfer details for this qualification:
On completion
On successful completion of 180 points' worth of required courses you will be awarded an MSc in International Finance and Management, entitling you to use the letters MSc Int Fin Mgmt (Open) after your name. You will have the option of being presented at a degree ceremony.
Approved minimum entry requirements
Route 2 entry for the MSc via the Professional Diploma in Management, an MBA, MPA or another postgraduate qualification is explained under Planning your studies above.
The higher education awards and professional qualifications listed below meet the Route 1 entry requirements; some that contain postgraduate study may entitle you to credit transfer for part of you MSc (see Credit for previous study elsewhere). If you are not eligible for either of these routes, then you can still embark on a study programme leading to the MSc in International Finance and Management via Routes 3 or 4 (see Planning your studies).
Awards from higher education institutions (including the OU)
A bachelors or masters degree from a university or other recognised degree awarding body in Europe, the Commonwealth or the rest of the world.
*N.B. if your degree specialism or major is in business studies, management or a closely related discipline, you can choose B700 for Stage 1. If not, then you should choose B713 for Stage 1.
Your degree must be at least equivalent to a bachelors degree from an English, Welsh or Northern Irish university. For further information please contact our Student Registration & Enquiry Service.
Awards from professional bodies
Professional qualifications, Accountancy
*Association of Chartered Certified Accountants (ACCA, FCCA)
*Chartered Institute of Management Accountants (ACMA, FCMA)
*Chartered Institute of Public Finance Accountants (CPFA)
*Institute of Chartered Accountants (England & Wales) (ACA, FCA)
*Institute of Chartered Accountants in Scotland (CA)
*Institute of Chartered Accountants of Ireland (ACA)
Chartered accountant or certified public accountant members of one of the Institutes of Chartered Accountants in Australia (CA), Canada (CA), Malaysia (CA), New Zealand (CA) or South Africa (CA), or Institutes of Certified Public Accountants of America (CPA), Australia (CPA), Hong Kong (CPA), Malaysia (CPA) or Singapore (CPA).
Professional qualifications, Engineering
The equivalent of Chartered Engineer (CEng) or Incorporated Engineer (IEng) members of bodies in Australia, Canada, Hong Kong, Ireland, New Zealand, South Africa, the United Kingdom and the United States of America that are signatories to the Washington Accord (see www.washingtonaccord.org).
Note: It is recognised that members of various bodies (e.g. Institution of Mechanical Engineers MIMechE, British Computer Society MBCS) do hold the above qualification. However, what is important is the holding of one of the above qualifications rather than being a member of a particular body.
Professional Qualifications, Other in the UK and Ireland
Army Office Training (Junior Officer) Training and Education Scheme Parts 1 and 2
Chartered Building Societies Institute (ACBSI, FCBSI)
*Chartered Institute of Bankers (ACIB, FCIB)
*Chartered Institute of Bankers of Scotland (MCIBS – not ACIBS)
Chartered Institute of Building (MCIB, FCIB)
*Chartered Institute of Marketing (MCInstM, FCInstM)
*Chartered Institute of Marketing, Professional or Postgraduate – Diploma (see note)
*Chartered Institute of Personnel and Development (CIPD) (see note)
Chartered Institute of Transport (MCIT, FCIT)
Chartered Insurance Institute (ACII)
Chartered Society of Physiotherapists (MCSP)
Institute of Actuaries (AIA, FIA)
Institute of Biology (MIBIOL)
Institute of Bio Medical Science (FIBMS)
Institute of Data Processing Management Graduate Diploma (IDPM)
*Institute of Marketing, Ireland - Graduateship
Institute of Medical Laboratory Scientists – Associate (AIMLS)
Institute of Physics – Member (MInstP)
Institute of Production Control – Member (MIPC)
Institute of Industrial Managers – Associate Diploma and Postgraduate Diploma (ADIIM, PDIIM)
Law Society
Library Association (ALA)
*Plassey Management Centre Diploma in Management
*Police Senior Command Course
*Professional Diploma of the Hotel, Catering and Institutional Management Association (post 1990 syllabus)
*RAF Officer Training – Officers’ Command Course, Individual Studies Course and Basic Staff Course
Royal Institute of British Architects (ARIBA)
Royal Institute of Chartered Surveyors (ARICS)
Royal Society of Chemistry (GRSC)
Royal Town Planning Institute – Member (MRTPI)
Note: The CIM Professional Postgraduate Diploma from 2004, CIPD Postgraduate Diploma and CMI Executive Diploma in Management are at the same level as the Certificate in Business Administration (B713). They can be used in place of B713 for Stage 1 of a masters degree, provided credit transfer is applied for.
Holders of items in the above professional qualifications list marked * may choose between courses B700 and B713 as the Stage 1 course for this masters degree. Otherwise, the choice is restricted to B713 on the grounds that you have not studied sufficient business and management at undergraduate level.
If you hold a qualification that is not on the list but that you believe is at bachelor level, you are advised to bring this to the attention of our Student Registration & Enquiry Service with full details. The OU Business School Masters Programme Committee is responsible for judging whether applicants’ qualifications meet the requirements for admission to any award.
Regulations
As a student of The Open University, you should be aware of the content of the Award Regulations and the Student Regulations.
Award Regulations
- Introduction to the Award Regulations
- General Award Regulations
- MSc in International Finance and Management
Student Regulations
The Student Regulations (including the Code of Practice for Student Assessment and the Code of Practice for Student Discipline) are available on our Policy Documents for Students website.
How to register
To register for this qualification, read the description and check you meet any specific requirements (for example, some of our qualifications, require you to be working in a particular environment, or be sponsored by your employer). Then select the course you wish to study first and ensure it is suitable for you before following the registration procedure for that course.
About this page
A postgraduate qualification in Business and Management.
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