MSc International Business and HRM
Why choose this course?
Interested in a people-focused career in international business? Our MSc International Business and HRM will equip you with the ideal combination of specialist knowledge, practical skills and a truly global outlook.
- Deepen your understanding of business and human resource management in an international context
- Gain a highly regarded masters level qualification together with vital employability skills for a successful career in business or HR
- Develop your knowledge of economics, international business, management, employment law and HRM to ease your transition to a high-level role
- Network with international business leaders and influential HR professionals 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 in our industry-standard residential course in Leadership
- Learn alongside students from around the world, gaining a greater awareness of cultural diversity and different perspectives on international business.
Course code: MN2CM
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
With the world connected as never before, exciting career opportunities are emerging for dynamic, confident professionals with a thorough grasp of international business and an understanding of how HRM can be harnessed as a driving force for growth.
A course to match your career aspirations
Leading employers worldwide increasingly expect their staff – experienced professionals and new recruits alike – to have a specialist degree such as an MSc.
This MSc International Business and HRM course is highly suitable if you want to develop an international business career in HRM or to work closely with talent management and training specialists in global organisations. In particular it is ideal if you have:
- studied Business, including HRM, and are looking to develop more specialist HRM skills
- studied HRM but want to sharpen your international business focus
- have work experience of HRM in international business and would like to gain a focused postgraduate degree.
Strategic knowledge for today’s business world
Our MSc International Business and HRM course brings together disciplines such as economics, international business and strategy, international employment law, leadership and talent management.
You’ll gain a thorough understanding of business analysis and strategy in a global context. At the same time, you’ll hone your expertise in evaluating HRM decisions and operations in international organisations. Drawing on real-world case studies, you’ll also develop impressive skills in applied research.
Throughout the 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.
Leading figures from the HRM profession will share their knowledge with you. You’ll be invited to masterclasses and guest lectures delivered by influential thinkers such as our Visiting Professors in HRM, Dr Linda Holbeche and Professor Lynette Harris.
We work closely with the CIPD at both national and local levels. They hold panel events at the University where you can make new contacts in a professional forum. You’ll hear first-hand what happens at the sharp end of the HR business across many different organisational cultures. 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 key business figures. Our mentors range from international trade advisors and banking specialists to senior HR 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 career 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 can gain the Bloomberg Market Concepts Certificate.
You are encouraged to take part in competitions such as the IBM University Business Challenge. You can also 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 HRM is your Independent Study where you select a theme which reflects your career ambitions and your interests in international HRM. 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 knowledge transfer in the South African hospitality sector; employee commitment in a Vietnamese technology firm; and an international comparison of trust in management.
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 development as a business and HRM professional, 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 HRM 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.
Markets, Customers and Marketing
Commercial reality means putting the customer central to – and across all levels of – any organisation’s processes. This module focuses on how to deliver superior and sustainable customer value for long-term competitive advantage in fast-moving global environments. You will explore how marketing strategy should be based on sound economic foundations and how marketers can harness economic principles to understand business and market behaviour fully.
Strategic and Financial Performance Management
You will 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.
Leading, Managing and Developing People
Evaluate major contemporary research and debates in HRM, including how HR practices influence business outcomes and how the value of the HR function can be measured. Covering issues of leadership, professionalism and ethics, this module looks at HRM developments in different sectors and different forms of organisations and enterprises. You will consider themes such as change management, flexible working initiatives, motivation and engagement within the workplace, the importance of the line manager role and the increasing emphasis on team working within organisations.
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.
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.
As HR professionals are expected to be confident and capable in dealing with a range of legal issues, this module focuses on the practical application and implications of employment law. You’ll develop your skills in giving accurate and timely advice, anticipating legal problems before decisions are implemented, and helping to manage your organisation’s response when a dispute arises. You’ll also keep abreast of new developments in the law to ensure your organisation is prepared.
Strategic Talent Development
The growth of human capital has been identified as a key driver of competitive advantage for organisations. On this module, you’ll examine a range of talent management strategies to attract, identify, develop, engage, retain and deploy individuals with high potential. You’ll look at how talent can be fostered through learning and development interventions and how to evaluate the impact of such interventions on the ‘bottom line’.
This triple module gives you the chance to investigate a significant management 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, HRM, or another degree with sufficient relevant business experience.
- If English is not your first language, you will also need IELTS 6.5
- A desire to develop your theoretical understanding of HRM.
- 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’re studying full-time you will normally complete 180 credits over one year. 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
Throughout the MSc International Business and HRM course you’ll encounter a diverse range of teaching and learning methods which 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.
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 and online study materials.
How you'll be assessed
We use a wide range of coursework assessment methods, many designed to enhance your transferable skills. Formats include computer-based tests, research reports, practical activities, presentations, essays and case study analysis.
Some modules are also assessed with an examination.
Who you'll 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 Professors in HRM, Dr Linda Holbeche and Professor Lynette Harris, and our Visiting Professor of Banking, Professor Trevor Williams who is Chief Economist at Lloyds Bank PLC.
Our teaching team includes:
Melanie Powell - Melanie is Programme Leader for both this course and our MSc International Business and Finance. 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 Joe Marshall - An Associate Lecturer in the College of Business, Joe leads the HRM in an International Context module. His research areas include organisational change and systems thinking.
Sheena Bevitt - Sheena is Senior Lecturer in Human Resource Management. Her research areas include career transitioning, especially from middle to senior level roles. Sheena is a Chartered Member of the CIPD.
Sue Jennings - Sue is a Senior Lecturer in Law whose research interests centre on the strategic operation of employment law in the workplace.
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 HRM opens doors to HRM careers in a wide range of international organisations. On completion of the course, you’ll be ideally placed to join management training programmes in major companies worldwide.
Our students have gone on to secure management roles and advanced graduate training positions in high-profile organisations including HSBC Canada, Ernst & Young and Price Waterhouse Cooper.
Some have become consultants with specialist companies while others have taken on general management roles or have even set up their own international businesses.
You will be highly suited to HRM roles in any organisation with a global outlook – whatever the size or sector. You could, for instance, harness your specialist knowledge of international law, training and talent management to support a small-scale exporting company.
The course also gives you a platform to gain further professional qualifications as you take your career forward. CIPD accreditation may be available for some of the MSc modules you take – the Programme Leader will be happy to advise you on this.
Inspired by the intellectual challenge of the MSc, a growing number of 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
“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
“My instructors were so helpful in giving advice – both personal and academic – when I was far away from home. They would take the time to discuss what were the best steps to further my career. I also loved how the programme gave us an introduction to all aspects of international business, which is really helpful on a daily basis.”
Ana Dorr, originally from Spain and now working in the support team of a US-based leadership and development company, Reality-Based Leadership