International Financial Management MSc — 2027 entry
On this course, you'll gain specialised, cutting-edge knowledge of finance, accounting and international business to understand the world's rapidly changing financial market conditions.
Key course information
- Typical offer
- 2:2 minimum
- Start date
- February 2027
- Attendance
- Full-time
- Duration
- 1 year
- Scholarships
- Funding available
- UK fees
- £15,800
- Overseas fees
- £25,900
- Subject areas
- Typical offer
- 2:2 minimum
- Start date
- September 2027
- Attendance
- Full-time
- Duration
- 1 year
- Scholarships
- Funding available
- UK fees
- £16,400
- Overseas fees
- £26,900
- Subject areas
Why choose this course?
- As an international financial management student you’ll be based in the Surrey Business School and be part of a vibrant community, focused on improving business practice and creating a sustainable and positive change.
- Our MSc International Financial Management is designed to give you practical knowledge and understanding of rapidly changing financial market conditions as well as enabling you to engage with real business problems.
- Thanks to our unique research and teaching strengths, we can give you access to a wide array of international content. This includes our knowledge about the Anglo-American and continental European financial markets, emerging economies and more.
- This course aims to make you a well-versed individual capable of progressing to an exciting finance career, at a wide range of international companies.
- The School is renowned for its: world-class teaching and research, strong focus on entrepreneurship and enterprise, vibrant and diverse community and excellent career prospects.
- We’re preparing you for the future by integrating AI into every course, building digital skills, confidence and creativity that employers value in tomorrow’s workplace.
Statistics
14th in the UK
And 100th in the world for business and economics in the Times Higher Education World University Rankings by Subject 2026
Top 75 in the world
For management and top 100 for business administration in the ShanghaiRanking's Global Ranking of Academic Subjects 2026
Accreditation and recognition
Course details
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What you will study
Modern international financial management comes with complexity and uncertainty. This course is designed to give you the skills and knowledge to overcome these challenges. Upon successful completion of the masters you will be able to advise others to make better, sometimes greatly rewarding, financial decisions.
Your MSc in International Financial Management will offer you opportunities to grow your knowledge of finance, accounting and international business. Your engagement with the programme will help you to become an independent, reflective learner who is adaptable and highly employable.
This course will present you with a coherent level of knowledge about the industry, giving you the tools to excel at job interviews and make an impact in your next career move in finance.
Professional recognition
MSc - Association to Advance Collegiate Schools of Business (AACSB)
Accredited by the Association to Advance Collegiate Schools of Business (AACSB).
MSc - Chartered Financial Analyst Institute (CFA)
Recognised by the Chartered Financial Analyst Institute (CFA).
Course structure
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Our course runs over three semesters.
You'll take modules in both Semester 1 (October to January) and Semester 2 (February to June).
Semester 3 runs from June to September. You’ll take modules and carry out independent projects during this time.
The structure of our programmes follows clear educational aims that are tailored to each programme. These are all outlined in the programme specifications which include further details such as the learning outcomes:
Modules
Modules listed are indicative, reflecting the information available at the time of publication. Modules are subject to teaching availability, student demand, and/or class size caps.
The University operates a credit framework for all taught courses based on a 15-credit tariff, meaning all modules are comprised of multiples of 15 credits.
Please note that modules are listed by the academic calendar and are reflective of a September start date. For students that start a programme in February, the modules listed as semester two will take place in the spring term and modules listed as semester one will take place in the autumn term.
Course options
Year 1
Semester 1
Compulsory
INTERNATIONAL BUSINESS MANAGEMENT
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The world-wide political and economic liberalization and continuous technology improvement in the last three decades have brought unprecedented flows of goods, services, labour and capital across national boundaries. International business today comprises a larger and ever-growing portion of the world’s business and global events and competition affects almost all companies. A company operating internationally will engage in modes of business that are different from those it is accustomed to domestically. 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 organization in internationally operating firms is provided to understand these processes in detail.
View full module detailsPRINCIPLES OF ACCOUNTING
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To provide a grounding in the principles of accounting for students at Master level, most of whom are intending to pursue a specialist career in accounting or finance.
View full module detailsQUANTITATIVE METHODS
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This module lays the statistical and econometric foundations for data analyses and modelling, covering fundamental topics of estimation and inferences of linear and non-linear econometric models using Excel/Stata software. The quantitative, analytical and software skills acquired from this module will directly enable students to conduct independent quantitative analysis of data using estimation as well as hypotheses testing. As such, the module aims to help students to learn research methods, an integral part of any research project at post-graduate level, market analysis or policy analysis in government and non-government organisations.
View full module detailsPRINCIPLES OF FINANCE AND INVESTMENT
More info Close
The module provides the theoretical underpinnings of our MSc Accounting and Finance programme. 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 Behavioural Finance.
View full module detailsSemester 2
Compulsory
INTERNATIONAL FINANCE
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This module examines international currency markets and currency transactions, exchange rate systems and the implications of exchange rate volatility. It also explores various currency risks that arise from international operations and examines issues that arise when firms seek financing outside their home markets.
View full module detailsETHICS IN FINANCE
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As a result of a range of recent corporate scandals an increased emphasis has been put on corporate social responsibility and the need for the board of directors to conform to an ethical code of conduct while managing the affairs of an entity. This module explores how corporate governance examines the system of rules, principles and procedures through which a company is run to promote the best interest of its shareholders, other stakeholders and the wider society, and considers the impact of artificial intelligence on organisations.
View full module details APPLIED CASES IN INTERNATIONAL FINANCE
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The Applied Cases in International Finance module aims to help students to develop an understanding of the process involved in successfully analysing case information to complete an international finance-related project. The module enables students to understand real-life, complex, multi-layered, multinational issues and synthesise appropriate information while preparing an analysis on a case. It facilitates the independent learning process and provides students with the knowledge, skills and understanding required to articulate findings in a structured report format.
View full module detailsOptional
INTERNATIONAL TRADE
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This module provides students with both a theoretical and practical understanding of International Trade, considered from an international political economy (IPE) as well as management perspectives. This is done through the assessment of International Trade from different angles, predominantly from the international trade management view, the international trade operations dimension, the state’s perspective, from the international trade regime perspective (the GATT and WTO) but also from the perspective of the international society, regional cooperation and the perspective of business and industry.
View full module detailsDERIVATIVES SECURITIES
More info Close
This module is targeted at students interested in understanding the pricing of derivative securities, specifically options. Applications are used to reinforce a rigorous development of arbitrage theory that underpins the pricing of derivative securities.
View full module detailsINTERNATIONAL CORPORATE GOVERNANCE
More info Close
Corporate Governance is an area that has grown rapidly in the last few years fuelled by high profile corporate collapses and financial crisis. The module builds on sound theoretical base to encompass the latest developments in the field worldwide. It takes an international approach to corporate governance, contextualising its development and providing a stimulating range of academic and empirical practitioner research, and topical case studies. It also introduces institutional and legal systems from both government and firm’s viewpoints that influence the effectiveness of corporate governance.
View full module detailsRISK MANAGEMENT
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Risk management focuses on the following types of financial risk that arise for a business: market risk, credit risk and liquidity risk. A brief introduction to non-financial risks is also given, but is not the main focus. This module considers financial risk management strategies; how risk is evaluated; the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of key risk management issues for financial institutions including bank capital adequacy. The lessons to be learned from the Financial Crisis of 2007-08 are also investigated. Understanding risk and how to identify and deal with it provides a key input for students of finance, accounting or banking.
View full module detailsINTERNATIONAL POLITICAL ECONOMY
More info Close
The module provides an opportunity for students to apply their understanding of key theories and debates in International Political Economy (IPE) to current developments and case studies. Students will be able to discuss and debate the role of the main IPE institutions. Current and future challenges to the status quo of IPE are discussed as well.
View full module detailsFINANCIAL MODELLING
More info Close
The module equips students with the knowledge and tools to implement financial models using Python. The course introduces students to the general principles of building financial models, as well as a number of specific financial modelling tools, including matrix calculations, optimization, regression analysis (both time-series modelling and panel data modelling), out-of-sample forecasting and simulation. These methods are applied to a range of practical problems in finance, including passive and active portfolio management, risk management and currency valuation. The emphasis of the course is on practical application of the theory, with lectures on each topic followed by in-depth practical classes, in which students work through real world problems using Python.
View full module detailsAcross academic years
Compulsory
INTERNATIONAL FINANCE PROJECT
More info Close
This compulsory module is offered on the MSc International Corporate Finance, MSc International Financial Management, and MSc Investment Management programmes. It provides an opportunity to conduct a study on a finance-related situation and reflect on it. Students are expected to select a finance-related issue from a range of choices, conduct independent research and complete a report within a stipulated period. They will have the opportunity to consult with the Module Convenor while deciding on the business case that interests them. The research should be based on secondary data sources.The students will have opportunity to understand the techniques essential in writing financial reports in the taught module Applied Cases in International Finance. In addition, support sessions will be conducted by the module convenor to assist students to gain a comprehensive understanding of the requirements of the report.
View full module detailsModule selection for Year 1 (full-time) - FHEQ Level 7
For further information regarding programme structure and module selection, please refer to the course catalogue.
Year 1
Semester 1
Compulsory
INTERNATIONAL BUSINESS MANAGEMENT
More info Close
The world-wide political and economic liberalization and continuous technology improvement in the last three decades have brought unprecedented flows of goods, services, labour and capital across national boundaries. International business today comprises a larger and ever-growing portion of the world’s business and global events and competition affects almost all companies. A company operating internationally will engage in modes of business that are different from those it is accustomed to domestically. 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 organization in internationally operating firms is provided to understand these processes in detail.
View full module detailsPRINCIPLES OF ACCOUNTING
More info Close
To provide a grounding in the principles of accounting for students at Master level, most of whom are intending to pursue a specialist career in accounting or finance.
View full module detailsQUANTITATIVE METHODS
More info Close
This module lays the statistical and econometric foundations for data analyses and modelling, covering fundamental topics of estimation and inferences of linear and non-linear econometric models using Excel/Stata software. The quantitative, analytical and software skills acquired from this module will directly enable students to conduct independent quantitative analysis of data using estimation as well as hypotheses testing. As such, the module aims to help students to learn research methods, an integral part of any research project at post-graduate level, market analysis or policy analysis in government and non-government organisations.
View full module detailsPRINCIPLES OF FINANCE AND INVESTMENT
More info Close
The module provides the theoretical underpinnings of our MSc Accounting and Finance programme. 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 Behavioural Finance.
View full module detailsSemester 2
Compulsory
INTERNATIONAL FINANCE
More info Close
This module examines international currency markets and currency transactions, exchange rate systems and the implications of exchange rate volatility. It also explores various currency risks that arise from international operations and examines issues that arise when firms seek financing outside their home markets.
View full module detailsETHICS IN FINANCE
More info Close
As a result of a range of recent corporate scandals an increased emphasis has been put on corporate social responsibility and the need for the board of directors to conform to an ethical code of conduct while managing the affairs of an entity. This module explores how corporate governance examines the system of rules, principles and procedures through which a company is run to promote the best interest of its shareholders, other stakeholders and the wider society, and considers the impact of artificial intelligence on organisations.
View full module details APPLIED CASES IN INTERNATIONAL FINANCE
More info Close
The Applied Cases in International Finance module aims to help students to develop an understanding of the process involved in successfully analysing case information to complete an international finance-related project. The module enables students to understand real-life, complex, multi-layered, multinational issues and synthesise appropriate information while preparing an analysis on a case. It facilitates the independent learning process and provides students with the knowledge, skills and understanding required to articulate findings in a structured report format.
View full module detailsOptional
INTERNATIONAL TRADE
More info Close
This module provides students with both a theoretical and practical understanding of International Trade, considered from an international political economy (IPE) as well as management perspectives. This is done through the assessment of International Trade from different angles, predominantly from the international trade management view, the international trade operations dimension, the state’s perspective, from the international trade regime perspective (the GATT and WTO) but also from the perspective of the international society, regional cooperation and the perspective of business and industry.
View full module detailsDERIVATIVES SECURITIES
More info Close
This module is targeted at students interested in understanding the pricing of derivative securities, specifically options. Applications are used to reinforce a rigorous development of arbitrage theory that underpins the pricing of derivative securities.
View full module detailsINTERNATIONAL CORPORATE GOVERNANCE
More info Close
Corporate Governance is an area that has grown rapidly in the last few years fuelled by high profile corporate collapses and financial crisis. The module builds on sound theoretical base to encompass the latest developments in the field worldwide. It takes an international approach to corporate governance, contextualising its development and providing a stimulating range of academic and empirical practitioner research, and topical case studies. It also introduces institutional and legal systems from both government and firm’s viewpoints that influence the effectiveness of corporate governance.
View full module detailsRISK MANAGEMENT
More info Close
Risk management focuses on the following types of financial risk that arise for a business: market risk, credit risk and liquidity risk. A brief introduction to non-financial risks is also given, but is not the main focus. This module considers financial risk management strategies; how risk is evaluated; the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of key risk management issues for financial institutions including bank capital adequacy. The lessons to be learned from the Financial Crisis of 2007-08 are also investigated. Understanding risk and how to identify and deal with it provides a key input for students of finance, accounting or banking.
View full module detailsINTERNATIONAL POLITICAL ECONOMY
More info Close
The module provides an opportunity for students to apply their understanding of key theories and debates in International Political Economy (IPE) to current developments and case studies. Students will be able to discuss and debate the role of the main IPE institutions. Current and future challenges to the status quo of IPE are discussed as well.
View full module detailsFINANCIAL MODELLING
More info Close
The module equips students with the knowledge and tools to implement financial models using Python. The course introduces students to the general principles of building financial models, as well as a number of specific financial modelling tools, including matrix calculations, optimization, regression analysis (both time-series modelling and panel data modelling), out-of-sample forecasting and simulation. These methods are applied to a range of practical problems in finance, including passive and active portfolio management, risk management and currency valuation. The emphasis of the course is on practical application of the theory, with lectures on each topic followed by in-depth practical classes, in which students work through real world problems using Python.
View full module detailsAcross academic years
Compulsory
INTERNATIONAL FINANCE PROJECT
More info Close
This compulsory module is offered on the MSc International Corporate Finance, MSc International Financial Management, and MSc Investment Management programmes. It provides an opportunity to conduct a study on a finance-related situation and reflect on it. Students are expected to select a finance-related issue from a range of choices, conduct independent research and complete a report within a stipulated period. They will have the opportunity to consult with the Module Convenor while deciding on the business case that interests them. The research should be based on secondary data sources.The students will have opportunity to understand the techniques essential in writing financial reports in the taught module Applied Cases in International Finance. In addition, support sessions will be conducted by the module convenor to assist students to gain a comprehensive understanding of the requirements of the report.
View full module detailsModule selection for Year 1 (full-time) - FHEQ Level 7
For further information regarding programme structure and module selection, please refer to the course catalogue.
General course information
Contact hours
Contact hours can vary across our modules. Full details of the contact hours for each module are available from the University of Surrey's module catalogue. See the modules section for more information.
Timetable
New students will receive their personalised timetable during Welcome Week. In later semesters, at least one week before the start of the semester.
Scheduled teaching can take place on any day of the week (Monday – Friday), with part-time classes normally scheduled for one or two days. Wednesday afternoons tend to be for sports and cultural activities.
View our code of practice for the scheduling of teaching and assessment (PDF) for more information.
Location
This course is based at Stag Hill campus. Stag Hill is the University's main campus and where the majority of our courses are taught.
Career opportunities
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We offer careers information, advice and guidance to all students whilst studying with us, which is extended to our alumni for three years after leaving the University.
Some of our masters graduates have embarked on careers in roles such as:
- Analysts (finance, business, data, trade, and sales)
- Consultants (international consultant)
- Investment management analyst
- Accountants (accountancy firms, corporations).
Entry requirements
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UK qualifications
A minimum of a 2:2 UK honours degree in accountancy, banking, business administration, economics, engineering, finance, management, mathematics or science, or a recognised equivalent international qualification.
Alternatively, we’ll consider three relevant modules including microeconomics, macroeconomics, accountancy, financial management or similar.
We’ll also consider any degree subject combined with one year of work experience in an accountancy or financial role if you don’t meet these requirements.
Country-specific qualifications
English language requirements
IELTS Academic: 6.5 overall including 6.0 in each category.
These are the English language qualifications and levels that we can accept.
If you do not currently meet the level required for your programme, we offer intensive pre-sessional English language courses, designed to take you to the level of English ability and skill required for your studies here.
International Pre-Masters
Prepare for postgraduate study and boost your career prospects. This is an intensive programme of academic subjects, study skills and English language preparation designed to help you succeed.
Credit Transfer and Recognition of Prior Learning
We recognise that many students enter their course with valuable knowledge and skills developed through a range of ways.
If this applies to you, the recognition of prior learning process may mean you can join a course without the formal entry requirements, or at a point appropriate to your previous learning and experience.
There are restrictions on some courses, and fees may be payable for certain claims. Please contact the Admissions team with any queries.
Fees and funding
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Scholarships and bursaries
Discover what scholarships and bursaries are available to support your studies.
Fees per year
Explore UKCISA’s website for more information if you are unsure whether you are a UK or overseas student. View the list of fees for all postgraduate courses.
Fee options
- UK
- £15,800
- Overseas
- £25,900
- UK
- £16,400
- Overseas
- £26,900
- Fees for part-time routes are applicable in each year of the course
- These fees apply to the academic year 2027-28 only. Fees are reviewed annually, and tuition fees may increase for courses running over more than one year.
Read our tuition fees guidance to find out more about payment schedules and how to pay.
Additional costs
Financial calculator: £60.
The classics HP12c Platinum (recommended) and the TI BAII are the only two models allowed on CFA professional exams (which we encourage students to take on top of the master).
Find out more about additional costs that may be incurred during your time at Surrey.
Funding
You may be able to borrow money to help pay your tuition fees and support you with your living costs. Find out more about postgraduate student finance.
Register your interest
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Apply options
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UK applications
International Financial Management MSc
Full-time, 12 months, February 2027
UK status
- UK applications:
- open
- Closing date:
- Saturday 23 January 2027
Select
International Financial Management MSc
Full-time, 12 months, February 2027
UK status
- UK applications:
- open
- Closing date:
- Saturday 23 January 2027
Please note that we may have to close applications before the stated deadline if we receive a high volume of suitable applications. We advise you to submit your application as soon as it is ready.
Overseas applications
International Financial Management MSc
Full-time, 12 months, February 2027
UK status
- Overseas applications:
- open
- Closing date:
- Friday 11 December 2026
Select
International Financial Management MSc
Full-time, 12 months, February 2027
UK status
- Overseas applications:
- open
- Closing date:
- Friday 11 December 2026
Please note that we may have to close applications before the stated deadline if we receive a high volume of suitable applications. We advise you to submit your application as soon as it is ready.
UK applications
International Financial Management MSc
Full-time, 12 months, September 2027
UK status
- UK applications:
- open
- Closing date:
- Tuesday 31 August 2027
Select
International Financial Management MSc
Full-time, 12 months, September 2027
UK status
- UK applications:
- open
- Closing date:
- Tuesday 31 August 2027
Please note that we may have to close applications before the stated deadline if we receive a high volume of suitable applications. We advise you to submit your application as soon as it is ready.
Overseas applications
International Financial Management MSc
Full-time, 12 months, September 2027
UK status
- Overseas applications:
- open
- Closing date:
- Friday 23 July 2027
Select
International Financial Management MSc
Full-time, 12 months, September 2027
UK status
- Overseas applications:
- open
- Closing date:
- Friday 23 July 2027
Please note that we may have to close applications before the stated deadline if we receive a high volume of suitable applications. We advise you to submit your application as soon as it is ready.
Admissions information
Once you apply, you can expect to hear back from us within 14 days. This might be with a decision on your application or with a request for further information.
Our code of practice for postgraduate taught admissions explains how the Admissions team considers applications and admits students. Read our postgraduate applicant guidance for more information on applying.
About the University of Surrey
Need more information?
Contact our Admissions team or talk to a current University of Surrey student online.
Terms and conditions
When you accept an offer to study at the University of Surrey, you will be agreeing to follow our policies and procedures, student regulations, and terms and conditions.
We provide these terms and conditions at the offer stage. You will be asked to accept these when you accept the offer made to you. You will be provided with these terms and conditions again at registration by way of reminder.
Disclaimer
This online prospectus has been published in advance of the academic year to which it applies.
Whilst we have done everything possible to ensure this information is accurate; some changes may happen between publishing and the start of the course.