What We Offer
Finance degrees are often offered in conjunction with a related subject, such as accounting, business or economics. Indeed, finance is part of the interconnected FAME group of subjects (finance, accounting, management and economics), which are some of the most popular courses at both undergraduate and graduate level.
Essentially, finance is concerned with the management of money – obviously a subject of significant importance for all areas of society and business! As a result, if you study finance you will be prepared for a broad range of finance careers, within many types of organizations.
What do finance degrees cover?
Finance degrees usually cover a combination of technical and theoretical knowledge, including the basic finance skills you will need to enter finance careers. You will learn how wealth is measured and also how finance influences and shapes the way companies behave. Economics and statistics are also covered, since they are crucial to the understanding of finance. Other important finance topics which will probably be taught include accounting, mathematical methods, macro and microeconomics and information technology.
During the later stages of the program, optional modules will be available. Students will be able to choose a specific direction they want to pursue and take classes in fields such as taxation, audit, business strategy, business and employment law, management accounting, advanced accounting theory and risk management.
Since finance courses offer such wide range of subjects, they prepare students for a similarly wide range of finance careers. These include roles in areas such as commercial banking, financial planning, investment banking, money managing, insurance and real estate.
Entry requirements for finance degrees
Entry requirements for finance degrees vary from institution to institution. Although many good universities don’t require students with specific qualifications, you will need a strong academic record (especially in mathematics) and an aptitude in subjects such as English, communications, mathematics and accounting in order to study finance.
Finance degrees offer lots of variety, with different universities covering different aspects of the subject. Here are some of the main finance topics you could opt to specialize in:
The field of corporate finance focuses on financial management and processes within corporations. Finance topics covered here may include: evaluating the cost of capital, setting benchmarks for financial returns, assessing the market value of corporations, risk mitigation strategies, and mergers and acquisitions.
Specializing in international finance is a chance to study key financial topics as they apply at international level. This could include international taxation, international financial reporting, international trade policies, foreign direct investment, international monetary systems and international financial markets. You could also choose to study finance in developing economies, or specific financial systems, such as Islamic finance.
An increasingly popular finance topic, behavioral finance aims to explain why people within financial industries make ‘bad’ decisions, leading to inefficiencies and in extreme cases to market bubbles or crashes. This means using a combination of psychological, social and economic models to understand why individuals and groups behave in certain ways.
Courses focusing on financial mathematics aim to provide students with highly developed mathematical and computational skills needed for specialized finance careers. Finance topics covered are likely to include: key computational methods in finance, advanced analytical models, valuation of derivative securities and interest rate modelling.
Studying financial economics will give you a strong understanding of the theory and logic of microeconomics. It discusses the standard models of how consumers and producers behave and the implications of these models for resource allocation and market efficiency. The specialization covers subjects such as optimization, comparative statics and equilibrium.