MSc International Business and Finance
Why choose this course?
Prepare for a high-flying career in financial management anywhere in the world. Our MSc International Business and Finance will give you the insights, skills and professional credibility to succeed in the age of globalisation.
- Develop your knowledge of the economic and legal issues facing international businesses today, especially the operation of financial markets in a global context
- Network with international business leaders and City experts who provide guest lectures, consultancy projects, case studies and professional mentoring
- Enhance your CV and boost your employability with our unique Futures Award in Leadership in International Business and our industry-standard Residential in Leadership
- Use real-world data from Bloomberg and experience our simulated trading floor to add substance to your research into companies and markets across the globe
- Learn alongside students from around the world, deepening your understanding of international business and cultural diversity
- Join our highly successful network of alumni now pursuing lucrative careers in international and multinational organisations.
Course code: MN3AA
Start date: September and January
Course length: Full-time: one year. Part-time: two to three years
Campus: Kedleston Road site, Derby Campus
College: College of Business, Law and Social Sciences
This course is available to international students
About this course
A truly multidisciplinary course, our MSc International Business and Finance will give you a thorough understanding of business and finance operations in an international context. It is ideal for students from a generalist background who want to develop specialist skills with a global perspective.
Crucial knowledge for today’s financial world
Our course brings together disciplines such as economics, international business and strategy, finance and behavioural finance. We will introduce you to relevant statistical and modelling skills and develop your awareness of critical issues such as regulation, pricing and evaluating financial performance.
You will explore key questions around international financial markets, the psychology of financial decision making and the importance of interest rates and exchange rates for international business. You will also acquire essential research skills to analyse the operation and impact of financial market strategy.
Throughout the MSc International Business and Finance course you will meet industry experts from our thriving network of professional and business leaders. We collaborate directly with prestigious names such as Lloyds Bank Corporate, London; the Bank of England Midlands Office; HSBC Nottingham; Eversheds; Price Waterhouse Cooper; PKF Cooper Parry; Smiths of Derby; GI Insight, Leicester; and Kitchencraft. Many contribute to our MSc programme with thought-provoking guest lectures.
You will gain fresh insights through company visits, such as behind-the-scenes tours of the iPro Stadium, Derby Arena, Crown Derby and high performance engineering company epm:technology. You can also extend your contacts through networking at Institute of Directors workshops, company taster days and events held by the University’s own Network of Entrepreneurs.
Professional mentoring for career success
As you chart your career direction, you’ll have the opportunity to receive mentoring from influential business figures. Our mentors range from international trade advisors and banking specialists to senior managers from our partner companies – all are happy to share their experiences and insights with you.
Career development planning is an integral part of this course. Every student benefits from the support and advice of a personal tutor who is part of the programme team. You’ll also have access to our first class professional careers service even after you’ve graduated.
Broaden your skills – and your horizons
We’re committed to delivering a stimulating learning experience which will help you build an impressive portfolio of transferable skills.
You will gain vital experience in using the Bloomberg database, an outstanding global business resource providing financial and company information, economic data and market analysis. Harnessed by companies worldwide, it is used extensively in our teaching and for student research and assessments. As part of your studies, you will be able to gain the Bloomberg Market Concepts Certificate.
You are encouraged to take part in competitions such as the IBM University Business Challenge and the University Trading Challenge. You can contribute to specialist projects in the region: recent examples include an economic impact study of the Buxton Festival and the Derby Low Carbon Initiative. You could even publish your research in the College of Business monthly Economic Bulletin which is circulated throughout the region and in our academic journal, Critical Perspectives on Business Management.
Pursue your specialist interests
The culmination of the MSc International Business and Finance is your Independent Study where you select a theme which reflects your international financial interests and career ambitions. This is your chance to gain in-depth research and critical thinking skills which will serve you well in your future career.
The range of topics covered is vast. Among recent examples, our students have investigated profitability across Western and Islamic banking; behavioural bias in the Russian mortgage market; religious cultural difference in financial decision making; funding SMEs in Nigeria; saving and spending patterns among young people in Qatar; and the Cypriot economy after financial crisis.
An extra award for your CV
You will capitalise on your University experience by participating in a two-day industry-standard residential course in Leadership. In addition, you can work towards a special award which recognises your leadership abilities and enhanced consultancy skills. As part of the Futures Award in Leadership in International Business, you will undertake extra-curricular activities which strengthen your professional development, including business consultancy work, volunteering, fundraising activities and networking opportunities.
Our Futures Award participants have had the chance to hear from regional industry leaders such as Mel Morris, Chairman of Derby County FC and an initial investor in King Digital Entertainment, the company behind the computer game sensation Candy Crush.
What you will cover
The MSc International Business and Finance course is made up of three stages – Postgraduate Certificate, Postgraduate Diploma and MSc. You will study modules such as:
International Economics for Business and Finance
It is impossible to analyse a country’s domestic economic situation without considering its international economic interactions. On this module, you’ll gain a deeper understanding of the macroeconomics of open economies, looking at international trade, national trade policies, trade theory, trade patterns and their impact on the world economies. You’ll also focus on the international financial environment, capital flows, balance of payments issues, foreign exchange markets and the interdependencies between international transactions and national monetary and fiscal policies.
Strategic Finance and Investment Behaviour
You will gain key skills in the relevant areas of mathematics and applied research that you need to study finance and investment behaviour at postgraduate level. This module develops your understanding of the traditional portfolio and securities analysis underpinning the efficient market approach. You will then use research tools and economic literature to examine the alternative behavioural views of financial decision making.
Strategic and Financial Performance Management
Build your competence in using financially based performance metrics for strategic impact. The focus is on improving financial performance using the skills generally associated with management accounting at the operational and tactical level and financial management at the tactical and strategic level.
HRM in an International Context
This module provides a deep understanding of the external, internal, business and managerial contexts of contemporary organisations in times of uncertainty and change. You will explore how small, medium, large, multidivisional and multinational organisations respond to these contexts and how HR practitioners make appropriate choices and decisions within the constraints of external and internal forces.
Customer Behaviour and Decision Making
Explore the global and cultural contexts in which consumption takes place, as well as the social context for consumption, the main influences on consumer actions and the impact of strategic marketing decisions on customer behaviour.
International Business Theory and Strategy
Examining theories on the globalisation of business, we discuss the major economic shifts and global changes that are impacting on multi- and international organisations and their industries. You’ll focus on how various types of enterprises are expanding, becoming more reliant on international operations and developing strategies to internationalise their domestic operations.
International Banking and Finance Law
You’ll begin by exploring the laws that apply to financial regulation and banking within a global context. You’ll then examine the economic and political consequences of these laws to determine the extent to which the current regulatory system contributed to the recession and whether it needs remedial action.
Mergers and Acquisitions
Integrating a wide range of business functions, concepts and theories, you will consider mergers and acquisitions from a variety of global perspectives including organisational, behavioural, finance and regulation. The analysis includes the role of stakeholders and the increasing importance of strategic alliances between large corporations and national governments.
Investigate how the global financial system works, examine international sources of finance and suitable investment opportunities, form a critical awareness of the risks associated with international trade, and evaluate how fluctuations in exchange rates affect a business.
This triple module gives you the chance to investigate a significant international finance area in depth, drawing on the knowledge and intellectual skills you have gained throughout the course. Following taught preparation in research methodology and practice, you will be supported by an individual supervisor as you progress your independent study. You will also reflect on your research experience and use what you have learned to guide your future development via a reflective statement and development plan.
You'll usually need:
- A second class or higher undergraduate degree in a relevant area including: business, economics, management, accounting or finance, or another degree with relevant business experience
- A desire to improve your mathematical and statistical skills and knowledge.
- How to apply
Fees and finance
2017/18 Fees (August 2017 - July 2018)
Full-time Part-time UK/EU
£800 per 20 credits*
£800 per 20 credits*
£12,240 for the full programme
*Note – at postgraduate level, you’ll need to gain the following number of credits in total to obtain the awards below.
Postgraduate Certificate 60 Credits Postgraduate Diploma 120 Credits MA or MSc 180 Credits
This means you will gain 180 credits in total to complete the full MA or MSc. If you are studying part time you will normally complete your studies over two or three years, depending on the course structure.
Please note that all fees may be subject to annual increase.
Funding your studies
Alumni discount for Derby graduates
Scholarships and bursaries
How you will learn
We use a diverse range of teaching and learning methods to provide a motivating study experience. At each level we provide support to help you develop your academic and applied skills and to promote your personal development.
The MSc International Business and Finance course entails a combination of campus teaching with study support materials online and access to an extensive range of online journals through our library facilities. You’ll be inspired by a mix of lectures, group work, discussions, workshops, case studies, practical data analysis and personal networking. We offer specific guidance on study texts, journals and online study materials.
How you are assessed
There is a wide range of coursework assessment methods, many designed to enhance your transferable skills. You may be developing strategy documents and international business analysis reports, creating presentations and videos, or evaluating information from Bloomberg on international markets and organisations. You may be working alone or as part of a team.
Assessments can also involve essays, building a portfolio of relevant work or computer-based assignments and you may be marked on elements of reflective practice. Some modules may have a formal examination.
Who you will meet
You will be taught by an enthusiastic team who are experienced in all aspects of international business and whose research will enrich your learning. They are supported by industry experts, including our Visiting Professor of Banking, Professor Trevor Williams who is Chief Economist at Lloyds Bank PLC.
Melanie Powell - Melanie leads this programme as well as our MSc International Business and HRM. She is widely published, joint author of a leading European Economics textbook and accredited at a high level with the Higher Education Academy. Her research focuses on applied economics, behavioural economics and financial market behaviour. As a teacher, she is committed to giving students a new way of looking at the world which nurtures their confidence, decision-making skills and a lifelong fascination with economics. She is the co-author of the College of Business monthly Economic Bulletin.
Dr Eugene Michaels - Eugene leads our suite of MSc International Business programmes. He is accredited with the Higher Education Academy and his focus is on encouraging students to apply economic reasoning and critical thinking. His academic interests are centred on behavioural economics and their implications for personal financial wellbeing (particularly pensions) and the application of behavioural insights to macroeconomic and business policymaking. He is the co-author of the College of Business monthly Economic Bulletin.
Dr Nicola Lynch - An applied economist who researches on public policy issues, Nicola leads a number of postgraduate modules and acts as a personal tutor for our MSc students. She is dedicated to providing a learning environment where students can develop academically and personally.
Dr Weiwei Yang - Also a personal tutor for our MSc students, Weiwei teaches a wide range of subjects in Finance and Economics. Her research interests lie in areas such as banking efficiency, market competition, corporate governance and corporate social responsibility. Her teaching philosophy is to inspire students to move from passive to active learning.
Like most universities, we operate extended teaching hours at the University of Derby, so contact time with your lecturers and tutors could be anytime between 9am and 9pm. Your timetable will be communicated after enrolment on your course.
Careers and employability
This MSc International Business and Finance is a stepping stone to an exciting range of global career opportunities. Our graduates have gone on to secure management roles in high-profile organisations worldwide including HSBC Canada, Ernst & Young and Price Waterhouse Cooper. Some have become consultants with specialist companies while others have taken on general management and marketing roles or have even set up their own international businesses.
On completion of the course, you will be ideally placed to join the management and financial analyst training programmes of major international companies and financial organisations. You will already have much of the knowledge you need to gain further professional qualifications while taking your career forward within these organisations.
You could set your sights on working for an international trade and investment corporation or for a financial institution providing risk management, consultancy, export finance, investment management and foreign exchange services. You could also pursue a career in international trade government agencies, international business consultancies or firms involved in business process outsourcing. Equally, you could find rewarding opportunities with SMEs, such as using your knowledge of exchange rate management and hedging to help a small-scale exporting company to grow.
Inspired by the intellectual challenge of the MSc, a number of our graduates also choose to develop academic careers – moving on to PhD research or teacher training.
Gaining a postgraduate degree can significantly boost your earning potential. Latest government statistics* show that postgraduates earn on average £6,000 more per year than graduates.
*Graduate Labour Market Statistics 2015, Department for Business, Innovation and Skills
Ongoing careers support
Throughout your studies, you will benefit from our Personal Tutor scheme which enables you to reflect on your learning and refine your career ambitions.
Our support continues once you’ve completed your course too: you are entitled to further help and guidance from the Careers and Employment Service for up to three years after leaving the University.
What our students say
“I really loved how a lot of our projects were about what companies could do to impact their situation and the ideas that they could bring to market to further their business development. Working on projects that actually had real meaning to companies was something I had not been able to do in the past.”
Alex Dorr, speaker, trainer and facilitator with the support team of a US-based leadership and development company, Reality-Based Leadership
“The best part of the programme was the personal and professional development opportunities it offered. It helped me to apply theories to real life applications in the workplace and its breadth allowed me to diversify my career options. The lecturers created a very receptive and secure learning environment.”
Hugo De Sousa, Director of BSA Holdings (PTY) LTD, South Africa
"Studying the MSc at Derby gave me the opportunity to embrace knowledge in a vast and interesting field. It equipped me with great skills and, most importantly, boosted my self-confidence and awareness. It impacted so much on my career and taught me the importance of innovation, creativity, critical thinking and knowledge management. “
Maureen Rosita Ojong Ebob-Besong, Human Capital Development Team Leader with the Gabon Oil Company