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Overview

A fast-track qualification for non-finance graduates seeking employment in the rapidly growing financial services sector.

Summary

Study Applied Finance at Ulster University in the United Kingdom.

This programme is intensive and allows highly motivated graduates to ‘skill into’ the wholesale financial services sector and is designed for those with a business or cognate discipline (law, economics, computing etc.). A unique aspect of the programme is the option to undertake a placement with a wholesale financial firm. Such placements are subject to interview by the firm and cannot be guaranteed by the University.

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About this course

In this section

About

The structure of the course is:

Semester I
Financial Reporting
Economics
Financial Markets, Institutions and Operation
Financial Regulation

Semester II
Derivatives and Alternative Investments
Quantitative Methods
Fund Management
An option of either Corporate Finance and Risk or Data mining and databases (all options are subject to sufficient numbers signing-up and are not guaranteed to run in any year on that basis)

Semester III
Either an academic dissertation or work placement report (the choice will be determined by whether the student undertakes placement).

The full-time duration of the programme is normally one calendar year of three semesters. The programme is modular in design, with students taking 8 modules to obtain the PgD and an additional dissertation, or work-based project, to achieve the award of MSc.

Attendance

Attendance

PgCert (four months); PgD (nine months); Dissertation (four months); Placement (six months)

Attendance
PgDip element (150 hours per module

Start dates

  • September 2016
How to apply

Modules

Here is a guide to the subjects studied on this course.

Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.

In this section

Year one

Financial Reporting

Year: 1

This module provides an understanding of financial reporting and analysis relevant to the financial services industry. The module will enhance students' knowledge of the financial reporting environment and provide students' with the requisite knowledge necessary to undertake study of and work within the financial services industry. Subjects covered include income statements, balance sheets, taxation, the accounting regulatory framework, analysis of financial reports and financial reporting governance issues.

Economics

Year: 1

This module aims to provide students with the micro and macro economic tools required to understand market behaviour, business performance and the economic environment within which businesses function, in preparation for a career in the financial services industry.

Financial Markets, Institutions and Operations

Year: 1

This module aims to provide students with the tools required to understand market and institutional structure and operation and behaviour in preparation for a career in the financial services industry.

Research Methods in Finance

Year: 1

This module develops students? quantitative and qualitative research skills. It begins with an overview of the philosophy of scientific research. Data categorisation, descriptive statistics and exploratory data analysis are then introduced as the building blocks for subsequent quantitative analysis. Probability theory and probability distributions provides the foundation for a firm understanding of multivariate analysis, while also equipping students with a powerful framework for understanding and modelling various data generating processes. It concludes with a synthesis of issues related to developing a research proposal and writing the subsequent research report.

Financial Regulation

Year: 1

This module provides an understanding of the regulatory and compliance issues regarding financial institutions, instruments and employees, with specific focus on the UK. Subjects covered within the module include the regulatory environment, the Financial Services Authority, codes of conduct and domestic and international regulatory legislation.

Derivatives and Alternative Investments

Year: 1

This module builds upon the financial markets and investments module to develop further students' academic and professional competencies to prepare them for a career in financial services. It enhances students' knowledge of valuation theory and develops the necessary analytical skills for valuing spot and derivative markets securities. An understanding of trading strategies and their consequent payoffs, in conjunction with a practical understanding and knowledge of the financial markets and institutions involved in issuing, trading and the settlement of securities is also developed.

Fund Management

Year: 1

The module provides a deeper understanding of fund management, the role of the fund manager, the tools at the disposal of the fund manager and the dynamics of the fund management environment. Subjects examined within the module include: portfolio construction and performance measurement, equity and bond portfolio management, derivatives and risk management and market efficiency and the implications of behavioural finance.

Corporate Finance & Risk

Year: 1

Corporate finance is about investment and financing decisions of corporations. In this module you have considered a set of theoretical concepts that are directly or indirectly related to those decisions. Moreover, you also studied what may be the objective that motivates such decisions, and how conflicts of interest among corporations? stakeholders might arise as to which particular investment or financing-related decision should be undertaken.

Dissertation

Year: 1

This module is optional

The dissertation module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a research dissertation investigating a topic relevant to the financial services sector and of interest to the student. The dissertation topic will vary, depending on the interests of the student and expertise of staff.

Work-Based Project

Year: 1

This module is optional

The Work-based project module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a project relevant to the financial services sector and of interest to the student. The project topic will vary, depending on the requirements of the financial services organisation that instigates the project.

Entry conditions

We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.

In this section

Entry Requirements

Applicants must have gained a 2:2 in a business or cognate discipline.

Candidates whose first language is not English must provide evidence of their English language competence (minimum IELTS score of 6.0, or equivalent).

English Language Requirements

English language requirements for international applicants
The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.

Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.

Careers & opportunities

In this section

Career options

Career options

The programme is primarily structured to aid graduates in gaining employment in the wholesale financial services sector, but would also provide a base for further research based study at PhD level.

Apply

www.ulster.ac.uk/applyonline

How to apply

Start dates

  • September 2016

Fees and funding

In this section

Fees (total cost)

Additional mandatory costs

Tuition fees and costs associated with accommodation, travel and normal living are a part of university life. 

Where a course has additional mandatory expenses we make every effort to highlight them in the online prospectus. These may include residential visits, field trips, materials (e.g. art, design, engineering) inoculations, security checks, computer equipment, uniforms, professional memberships etc.

We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals as well as first-class facilities and IT equipment. Computer suites and free wifi is also available on each of the campuses.

There will be some additional costs to being a student which cannot be itemised and these will be different for each student. You may choose to purchase your own textbooks and course materials or prefer your own computer and software. Printing and binding may also be required. There are additional fees for graduation ceremonies, examination resits and library fines. Additional costs vary from course to course. 

Students choosing a period of paid work placement or study abroad as part of their course should be aware that there may be additional travel and living costs as well as tuition fees. 

Please contact the course team for more information.

Contact

Course Director: Mr Michael Pogue
T: +44 (0) 28 9036 8109
E: m.pogue@ulster.ac.uk