PROGRAMME SPECIFICATION ADC PART 1: …...Page 1 of 13 PROGRAMME SPECIFICATION ADC PART 1: COURSE...

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PROGRAMME SPECIFICATION

ADC

PART 1: COURSE SUMMARY INFORMATION

Course summary

Final award MSc Finance and Banking

Intermediate award PG Diploma in Finance and Banking, PG Certificate in Finance

Course status Validated

Awarding body University of Brighton

School Brighton Business School

Location of study/ campus Moulsecoomb

Partner institution(s)

Name of institution Host department Course status

1. SELECT

2.

3.

Admissions

Admissions agency Direct to School

Entry requirements Include any progression opportunities into the course.

Check the University's website for current entry requirements.

A good second class honours degree or equivalent in a cognate discipline and IELTS 6.5 with 6.0 in the written element, or through passing the Graduate Diploma in Business, Hospitality, Tourism and Social Sciences, awarded by the University of Brighton International College.

This programme has been validated to combine either a 12 or 8 week Extended Masters (EMA) English Language pathway route. Programme specifications for the English Language component of the Extended Masters route can be found at: https://www.brighton.ac.uk/international/study-with-us/courses-and-qualifications/brighton-language-institute/eap-programmes/extended-masters/index.aspx

Start date (mmm-yy) Normally September

Sep-19

Mode of study

Mode of study Duration of study (standard) Maximum registration period

Full-time Select 1 year Select 3 years

Part-time Select Select

Sandwich Select Select

Distance Select Select

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Course codes/categories

UCAS code

Contacts

Course Leader (or Course Development Leader)

Rob Hayward

Admissions Tutor Max Healey

Examination and Assessment

External Examiner(s) Name Place of work Date tenure expires

Kyriacos Kyriacou Brunel University 31/12/2021

Examination Board(s) (AEB/CEB)

MSc Finance Award Board

Approval and review

Approval date Review date

Validation May 20151 May 20202

Programme Specification June 20193 June 20204

Professional, Statutory and Regulatory Body 1 (if applicable):

5



1 Date of original validation. 2 Date of most recent periodic review (normally academic year of validation + 5 years). 3 Month and year this version of the programme specification was approved (normally September). 4 Date programme specification will be reviewed (normally approval date + 1 year). If programme specification is applicable to a particular cohort, please state here. 5 Date of most recent review by accrediting/ approving external body.

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PART 2: COURSE DETAILS

AIMS AND LEARNING OUTCOMES

Aims

The aims of the course are:

The general aims of the programme are:

1) To prepare individuals to enter a career in the specialist field of finance by developing skills at a professional or equivalent level or to prepare them for further advanced research in finance and banking

2) To develop an individual’s ability to apply, systematically and creatively, knowledge and understanding of finance theory and practice to complex issues

3) To develop advanced research methodological knowledge and skills for a career in the financial sector or as a foundation for further advanced study in the field of finance

4) To develop, at postgraduate level, students’ understanding of core concepts and applications in financial economics, quantitative and qualitative aspects of financial economic analysis in addition to financial markets’ theory and practice

5) To enhance an individual ability to think independently, conceptually and critically so as to be able to work with self-direction and originality while applying finance theory

6) To develop and enhance general transferable intellectual and study skills appropriate for finance, economic, investment and general business analysis

7) To enable the student to make an immediate contribution to their initial postgraduate employment and to be able to benefit from continuing professional development

Learning outcomes

The outcomes of the main award provide information about how the primary aims are demonstrated by students following the course. These are mapped to external reference points where appropriate6.

Knowledge and theory By the end of the course students are expected to achieve the following outcomes:

Knowledge and theory outcomes:

1. Demonstrate an advanced knowledge and critical awareness of finance, the evolution of financial knowledge and theory as well as contemporary debates and controversies in finance (programme aims 1, 2 and 4)

2. Demonstrate critical application of finance theory and knowledge to a range of business problems (programme aims 1, 2, 4 and 7)

3. Demonstrate critical appreciation of qualitative and quantitative finance research methodologies and methods (programme aims 2, 3, 4 and 7)

4. Appreciate and demonstrate knowledge of the wider social impact of finance practice (programme aims 1, 5, 6 and 7)

5. Demonstrate an ability to synthesise, interpret and communicate complex ideas, knowledge and theories (programme aims 3, 5, and 7)

Path Specific:

6. Demonstrate an advanced knowledge and critical awareness of finance and banking, the evolution of finance and banking theory as well as contemporary debates and controversies in finance and banking theory (programme aims 1, 2, 4, and 7)

6 Please refer to Course Development and Review Handbook or QAA website for details.

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7.Demonstrate critical appreciation of qualitative and quantitative finance and banking methodologies and methods (programme aims 2, 3, 4 and 7)

Skills Includes intellectual skills (i.e. generic skills relating to academic study, problem solving, evaluation, research etc.) and professional/ practical skills.

Skills outcome:

1. Demonstrate an ability to acquire, manage and communicate information that is appropriate to answer the question that has been asked and demonstrate an ability to be able to critically evaluate the use, reliability and limitations of that information (programme aims 2, 3, 4 and 7);

2. Demonstrate the intellectual skill, rigour and capability to integrate and synthesise knowledge from other disciplines so that they can be used to support, augment and modify finance theory, knowledge and practice (programme aims 4 and 6)

3. Demonstrate the ability to identify a research question and undertake research, applying appropriate methodologies (programme aims 3 and 7)

QAA subject benchmark statement (where applicable)7

Master’s degrees in business and management (2007)

PROFESSIONAL, STATUTORY AND REGULATORY BODIES (where applicable)

Where a course is accredited by a PSRB, full details of how the course meets external requirements, and what students are required to undertake, are included.

LEARNING AND TEACHING

Learning and teaching methods

This section sets out the primary learning and teaching methods, including total learning hours and any specific requirements in terms of practical/ clinical-based learning. The indicative list of learning and teaching methods includes information on the proportion of the course delivered by each method and details where a particular method relates to a particular element of the course.

All modules on the course involve both taught sessions and guided independent study. For a typical module, approximately 30% of the total hours comprise taught activity, 10% is guided study and supervision and the remainder is independent study.

There are a total of 1800 learning hours for the MSc.

Learning is supported by a wide variety of activities, including:

An introductory programme to provide a transition into master’s studies

Lectures to deliver subject-specific content

Specialist workshops to provide training in analytical and data enquiry methods

Guided study by tutors to help students take greater responsibility for own learning

Access to journals, on-line and off-line, and other materials available on-line to develop the capacity to be an independent learner and to engage with current issues, debates and research in the field of financial and risk management studies

ICT systems that are used for analysis within the financial services sector, including Thomson-Reuters Eikon, the FAME database and Eviews

7 Please refer to the QAA website for details.

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Use of Rotman Interactive Trader software, allowing the simulation of financial markets and providing experience of liquidity and margin constrains and other dynamic finance and investment problems

A visiting speaker seminar programme, exposing students to key topical financial issues

Group projects to provide students with the experience of working in multi-cultural teams and groups

Individual supervisory meetings with subject specialist tutors to guide students in undertaking dissertation work

ASSESSMENT

Assessment methods

This section sets out the summative assessment methods on the course and includes details on where to find further information on the criteria used in assessing coursework. It also provides an assessment matrix which reflects the variety of modes of assessment, and the volume of assessment in the course.

The assessment methods are designed to support the achievement of the learning outcomes and to develop an independent learning culture. There will be a brief formative early assessment in each of the core modules. These early assessments will normally be handed in within the first 6 weeks of term. They will be used to provide rapid diagnostic feedback to student, which will normally be provided within 10 days of the hand-in date. Students will then have to reflect on this feedback and provide a Personal Development Plan to address any areas of weakness that are identified.

Assessment at the end of the core modules will be summative; providing an overall measure of the learning that has been achieved over the module as a whole. However, students will be provided with other formative assessments as modules proceed. The overall assessment strategy for the course is to provide the students with a wide range of experiences appropriate for student at master’s level and will include the following approaches.

Learning Outcome Assessment method Module Number of credits

1, 2, 4, 5, 6, 7, 9 Individual essays and written reports

ECM17

ECM20

ECM18

FNM07

FAM04

MAM02

FNM22

30

30

10

10

10

10

10

1, 2, 3, 6 Case study demonstrations of problem-solving and calculations

FNM19

ECM20

ECM08

FNM11

FNM21

30

30

10

10

10

1, 2, 5, 9 Exam

ECM17

FNM20

ECM08

ECM06

FNM07

ECM19

30

30

10

10

10

10

1, 2, 4, 5 6, 7 Presentation

ECM20

FNM21

FNM22

10

1, 2, 3, 5, 6, 7, 8, 9,10 Dissertation FNM25 60

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SUPPORT AND INFORMATION

Institutional/ University All students benefit from:

University induction week

Student Handbook: the University and you

Course Handbook

Extensive library facilities

Computer pool rooms (workstations by site: 27 Mithras House Annex, 120 in Aldrich Library and 10 Mithras first floor)

E-mail address

Welfare service

Personal tutor for advice and guidance

Course-specific Additional support, specifically where courses have non-traditional patterns of delivery (e.g. distance learning and work-based learning) include:

In addition, students on this course benefit from:

Please refer to information held in studentcentral

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PART 3: COURSE SPECIFIC REGULATIONS

COURSE STRUCTURE

This section includes an outline of the structure of the programme, including stages of study and progression points. Course Leaders may choose to include a structure diagram here.

The course is composed of three Phases: Phase One provides the core subjects of finance, economics and research methods; Phase Two introduces specialist modules in finance and banking; Phase Three is the dissertation that draws together the learning from the whole of the programme, allowing students to develop their and research skills and capacity for critical analysis while creating a specialisation in a particular field of finance and banking.

Phase One runs through the first two terms from September until the end of March. Phase Two is delivered the summer term. The dissertation process starts with the formation of a dissertation proposal towards the end of Phase One and continues through to the hand-in date in October.

Modules

Level8

Module code

Status Module title Credit

6 ML304 C Moving to Masters 0

7 ECM17 C Economics of Financial Markets 30

7 FNM19 C Financial Theory and Practice 30

7 ECM20 C Research Methods for Finance and Economics 30

7 FNM20 O Advanced Financial Mathematics 10

7 ECM08 O Applied Econometrics and Financial Time Series Analysis

10

7 ECM18 M Banking and Financial Institutions 10

7 ECM09 O Emerging Financial Markets 10

7 FNM11 O Financial Derivatives 10

7 ECM06 O Financial Regulation: Economic Principles and Institutional Frameworks

10

7 FNM21 O Financial Risk Management 10

7 FNM07 O International Portfolio Management 10

7 FAM04 O Issues in Financial Accounting 10

7 MAM02 O Issues in Management Accounting 10

7 FNM22 O Market-Making and Investment Strategies 10

7 ECM19 M Money, Interest Rates and Banking 10

7 FNM25 M Dissertation 60

Status:

M = Mandatory (modules which must be taken and passed to be eligible for the award)

C = Compulsory (modules which must be taken to be eligible for the award)

O = Optional (optional modules) *

A = Additional (modules which must be taken to be eligible for an award accredited by a professional, statutory or regulatory body, including any non-credit bearing modules)

*Optional modules listed are indicative only and may be subject to change, depending on timetabling and staff availability.

8 All modules have learning outcomes commensurate with the FHEQ levels 0, 4, 5, 6, 7 and 8. List the level which corresponds with the learning outcomes of each module.

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AWARD AND CLASSIFICATION

Award type Award* Title Level Eligibility for award Classification of award

Total credits9 Minimum credits10 Ratio of marks11: Class of award

Final MSc Finance and Banking 7 Total credit 180 Minimum credit at level of award Other: 180

Level 7 marks Postgraduate degree

Intermediate Dip Finance and Banking 7 Total credit 120 Minimum credit at level of award 120

Level 7 marks Postgraduate (taught) degree

Intermediate Cert Finance 7 Total credit 60 Minimum credit at level of award 60

Level 7 marks Postgraduate (taught) degree

Select Select Total credit Select Minimum credit at level of award Select

Select Select

Select Select Total credit Select Minimum credit at level of award Select

Select Select

*Foundation degrees only

Progression routes from award:

Award classifications Mark/ band % Foundation degree Honours degree Postgraduate12 degree (excludes PGCE and BM BS)

70% - 100% Distinction First (1) Distinction

60% - 69.99% Merit Upper second (2:1) Merit

50% - 59.99% Pass

Lower second (2:2) Pass

40% - 49.99% Third (3)

9 Total number of credits required to be eligible for the award. 10 Minimum number of credits required, at level of award, to be eligible for the award. 11 Algorithm used to determine the classification of the final award (all marks are credit-weighted). For a Masters degree, the mark for the final element (e.g, dissertation) must be in the corresponding class of award. 12 Refers to taught provision: PG Cert, PG Dip, Masters.

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EXAMINATION AND ASSESSMENT REGULATIONS

Please refer to the Course Approval and Review Handbook when completing this section.

The examination and assessment regulations for the course should be in accordance with the University’s General Examination and Assessment Regulations for Taught Courses (available from staffcentral or studentcentral).

Specific regulations which materially affect assessment, progression and award on the course e.g. Where referrals or repeat of modules are not permitted in line with the University’s General Examination and Assessment Regulations for Taught Courses.

Exceptions required by PSRB

These require the approval of the Chair of the Academic Board

There are no exemptions from GEAR on this course as required by the PSRB.


Appendix i

Extended Masters (EMA)

Entry requirements

A good honours degree or equivalent and obtain an overall IELTS grade of 6.5 with 6 in writing and no less than 5.5 in all other components (or equivalent) OR successful completion of the English Language component of the Extended Masters (EMA) option.

Please contact the Brighton Language Institute for English Language Test equivalents to IELTS.

Regulations:

Progression into the Masters modules of this programme may be through the Extended Masters (EMA) option. There are two extended routes for those who meet academic entry qualifications, but who do not meet the minimum English Language requirements:

12 Week Extended Masters option (30 CATS at level 6 in total)

With an entry level of IELTS 5.5, with no component under 5.5 (or equivalent), students can register for the 12 week EMA route. This is 3 months (12 weeks) of subject specific English language and academic skills before the Master’s degree

8 Week Extended Masters option (30 CATS at level 6 in total)

With an entry level of IELTS 6.0, with no component under 5.5 (or equivalent), students can register for the 8 week EMA route. This is 2 months (8 weeks) of subject specific English language before the Master’s degree.

Aims and Objectives:

The Extended Masters (EMA) courses have been designed for students who have the appropriate academic qualifications and experience to gain a place on a University of Brighton Masters course, but who need an extended period of study in order to develop the English language skills required to complete the Masters course successfully. The EMA courses have been designed to ensure that students whose first language is not English can participate successfully and with confidence in Masters programmes of study in their chosen field of study. The English Language component of EMA aims to develop:

active mastery of the range of grammatical constructions, and both general and study-specific vocabulary in English

general fluency and confidence in all four language skills (speaking, listening, reading and writing)

effectiveness in a range of communication tasks relevant to the student’s chosen field of study and professional context

independence and confidence in the learning skills required for postgraduate study in the

UK, including familiarity with the conventions and expectations of the UK academic environment

Programme Structure:

The Extended Masters programme is available only to full-time students and consists of 2 extended periods of study: 3 months (12 weeks) of subject specific English language and academic skills before the Master’s degree and 2 months (8 weeks) of subject specific


English language before the Master’s degree. The English Language component involves students having 20 hours of timetabled lessons per week, with some afternoons free for directed self-study. For 3-5 hours of the timetabled sessions, students are given an input lecture/workshop from specialist tutors from the School/field in which the student will progress to study. Taught sessions will be focused on a range of interactive tasks, involving authentic spoken and written input and output to develop oral and written fluency, along with sustained grammatical and lexical development. Small group-work with both spoken and written outputs are a strong component of taught sessions.

Learning and Assessment:

The EMA programme requires students to study a subject specific assessed 30 CAT module, which is designed to assess academic language, skills and ability to reflect on learning experiences within a subject specific context. Those registering for the 2 month (8 week) route register for the same module as those for the 3 month (12 week route). Having obtained a higher level of English upon entry, it is deemed that these students are able to achieve the learning outcomes and objectives via a different attendance pattern. The module is written at level 6 and reflects the essential language skills and the cognitive complexity of tasks they will be expected to undertake at Masters level.

Progression:

Students will need to pass all components of the assessment for the module they are registered on before progressing onto the Master’s degree. The pass mark for the module is 40%. Students are given 2 attempts. A joint AEB/CEB takes place two weeks prior to the start of the Master’s degree. This board will consider marks in accordance with GEAR regulations. Students who are referred have the opportunity of doing a referral task, and a decision about progression can be made at a referral board, which sits the week before the start of the Master’s degree. Students who do not pass the module prior to the start of the Master’s degree are either asked to withdraw from the course, or re-apply to take the module and the Master’s degree the following year.

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