International Financial Management MSc

This programme benefits from Surrey Business School’s expertise in the fields of finance and accounting, combining these elements with a particular focus on the international business environment.

Why Surrey?

At Surrey Business School, we offer a diverse range of business and management programmes that are fuelled by a common approach: encouraging you to be entrepreneurial and innovative, providing opportunities for you to engage with real-world business problems throughout your programme.

Programme overview

The rise in importance and complexity of international financial management poses a challenge for multinational organisations and those who wish to pursue a career in the sector. This programme aims to meet the needs of future finance and accounting professionals, not only in the financial sector but also within other large international corporations.

You will be provided with the theoretical framework and practical skills required by professionals in the field. The programme takes an integrated approach to finance, accounting and international business, providing a coherent view that explores the interrelationships between the various components of the programme.

The high level of international content in the programme draws on Surrey Business School’s research activities and teaching strengths in this area. Furthermore, the programme’s wide international approach takes in emerging economies, as well as Anglo-American and continental European contexts.

The programme also provides a valuable foundation for those contemplating academic careers in this field, as well as further study in the areas of applied finance and accounting at PhD level.

Programme structure

The programme comprises six compulsory modules, two optional modules and a dissertation.

Compulsory modules:

  • Foundations of Finance: Finance and Investment
  • Principles of Accounting
  • Quantitative Methods
  • International Business Management
  • International Corporate Governance
  • International Finance

Optional modules:

  • International Financial Reporting
  • International Trade
  • Corporate Finance
  • Risk Management

Example module content

Foundations of Finance

The Foundations of Finance module provides the theoretical underpinnings of all of our MSc Finance and Accounting programmes. It introduces the pivotal concepts which form the basis of theoretical finance under three broad headings; Portfolio Theory and Practice, Equilibrium in Capital Markets and Introductory Analysis of Asset Classes. Core concepts include the relationship between risk and return, the Capital Asset Pricing Model (CAPM) and the Efficient Market Hypothesis (EMH) but the module also extends this analysis into new theoretical areas such as Behavioral Finance.

Principles of Accounting

This module provides a practical study of the basic principles and advanced knowledge of financial accounting systems used around the world and addresses the major issues to be reformed. It also covers the fundamentals of management accounting.

Quantitative Methods

Finance is regarded as applied economics. A good grasp of quantitative methods in economics is essential for finance and accounting-related studies. This module is an introduction to the techniques of econometrics and the use of an econometric package.

International Business Management

International business management is the process of applying management concepts, theories and techniques in a multinational environment so that firms can become and remain international in scope. Moreover, a comparative view of management and organisation in internationally operating firms is provided to understand these processes in details.

International Corporate Governance

This module builds on financial economics theories to encompass the latest developments in corporate governance worldwide. 

The theoretical study is supported by empirical evidence on the different ways that corporate governance develops by examining how the legal structure and the capital market at various countries, along with the firm’s internal structures influences the effectiveness of corporate governance practices.

It takes an international approach by contextualising its development and providing a stimulating range of academic and practitioner research on the field.

International Finance

In today's complex and dynamic business environment, managers are increasingly concerned with decision-making across borders. This module provides you with an understanding of finance in a global context, analysing the complexity of the international financial environment and how it affects the operations of both domestic and multinational companies.

International Financial Reporting

This module builds on the Principles of Accounting module and aims to address issues that arise for complex business entities from both conceptual and technical angles within the context of international financial reporting standards and national GAAPS.

International Trade

This module will equip you with knowledge of international business operations. Important trends in international trade will be analysed and an overview of the main theories of international trade will be provided.

Corporate Finance

This module provides a substantial course in corporate finance following the Foundations of Finance module. This exposure will help you understand some of the more difficult materials in corporate finance and also present corporate finance as the working of a number of integrated and powerful institutions.

Risk Management

Providing you with an insight into the risks that businesses take in their financial transactions, this module allows you to assess analytically the strategies that can be employed to reduce those risks.

Dissertation

The dissertation is the final element of the programme and it provides an opportunity for a sustained period of research. It allows you to concentrate on topics that are of particular interest to you and it draws upon a range of different aspects of the taught programme, particularly the Research Methods module. It also gives you an opportunity to work on your own with individual supervision.

The module allows you to:

  • Undertake an original piece of research adding to existing knowledge
  • Demonstrate an ability to select, define and focus upon an issue at an appropriate level
  • Develop and apply relevant and sound methodologies
  • Analyse the issue; develop recommendations and logical conclusions
  • Be aware of the limitations of research work

You will also be expected to demonstrate an awareness of any ethical dilemmas that arise in your research.

Teaching and assessment

The teaching and learning strategy builds upon the work carried out in the Research Methods module. It is designed to allow you to take responsibility for your own learning and progress, supported by individual supervision during which you will be able to explain, discuss and refine your particular ideas with your supervisor.

The teaching and learning methods will include regular individual supervision.

You will agree with your supervisor the objectives of your study, the arrangements for any fieldwork and the development of research instruments. The supervisor will also comment on drafts of your work.

Each module is assessed by one or more of the following:

  • Individual assignments (essays, case studies)
  • Group presentations/assignments (practical problem-solving cases)
  • Examinations (open or closed book)
  • Individually supervised dissertation

Professional recognition

Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).

Related programmes

Postgraduate (Taught)

Related departments/schools

Related research areas

Programme leader

Dr Christos P. Mavis

Find out more

General enquiries:

+44 (0)1483 681 681

Admissions enquiries:

+44-(0)1483-682-222

admissions@surrey.ac.uk

Programme facts

Type of programme:

MSc

Programme length:

Start date:

Entry Requirements

Applicants should normally hold a Bachelors degree (a good UK 2.2) or an equivalent qualification from a recognised British or overseas university in a related subject (including accountancy, business administration, economics, engineering, finance, management, mathematics, physics or science).

If an applicant’s Bachelors degree is not in a subject related to the MSc, some relevant work experience would be an advantage. Higher level professional qualifications may also be accepted. Each applicant is assessed on their own merit.

View entry requirements by country

English language requirements

IELTS minimum overall: 6.5

IELTS minimum by component: 6.0

We offer intensive English language pre-sessional courses, designed to take you to the level of English ability and skill required for your studies here.

Funding

Discounts for Surrey graduates

Thinking of continuing your education at Surrey? As an alumnus of Surrey you may be eligible for a ten per cent discount on our taught Masters programme fees. Learn more.

For more details

Admissions Information

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Further information for applicants

Postgraduate Study Advice

Steps to Postgraduate Study is an official, independent guide for anyone considering a taught postgraduate course. The guide is produced by the Higher Education Funding Council for England (HEFCE), the Higher Education Funding Council for Wales, the Scottish Funding Council and the Department for Employment and Learning, Northern Ireland.

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Disclaimer

Modules listed are indicative, reflecting the information available at the time of publication. Please note that not all modules described are compulsory and may be subject to teaching availability and/or student demand.

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