Business Masters

8/19/2019 Business Masters

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MASTERS PORTFOLIO

Built on our heritage.

Designed for your future.


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Edinburgh is a leading international centre for business and finance.

It’s also a beautiful, inspirational city. And, here in the University of

Edinburgh Business School, you have a School that is right at the

heart of the city, at the heart of business.

I’d like to thank you for your interest in our Masters portfolio. As

one of the leading business schools in Europe, at one of the world’s

leading universities, we have achieved an enviably high quality of

teaching and research, as well as a natural connection to business.

What really sets us apart however, is a willingness to look beyond

accepted business thinking, to create debate and spark new ideas.

Our School is located at the heart of the University campus. The

building, housing all school staff, is fully wireless featuring eight

lecture theatres, dedicated syndicate rooms, student study centre and

online resource (The Hub), a café and significant flexible space for

staff and students.

In today’s challenging business world it is imperative that students

equip themselves with the knowledge and skills that are in demand

not just today but into the future. We believe our portfolio of Mastersare at the forefront of the latest ideas and techniques that will assist

the business world.

If you’d like to find out more about the School or our programmes,

please do get in touch with our programme directors. Or, better still,

come and visit us yourself. I think you’ll be suitably inspired.

Ian Clarke, Dean of the Business School


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A City of Culture ....................................................

A City of Business .................................................

The University of Edinburgh ...........................

The Business School ..........................................

Making an application ........................................

Introduction to Masters portfolio .................

MSc in Accounting and Finance ..................

MSc in Banking and Risk .......................

MSc in Carbon Finance ....................................

MSc in Finance and Investment ...................MSc in Financial Management ............

MSc in HumanResource Management .........................

MSc in International Businessand Emerging Markets .....................................

MSc in Management ...........................................

MSc in Marketing .................................................

MSc in Marketing and Business Analysis .

Thank you for your interest in a Masters programme at the University of

Edinburgh Business School. We are excited about our ever growing portfolio

of year-long programmes. Whether you are interested in Accounting,

Finance, Management, International Business, Human Resources,

Carbon Finance, Banking and Risk, Investment, Marketing or Business

Analysis we have a programme for you. Do read on to find out more.

Contents

Welcome

THE EDINBURGHEXPERIENCE

MASTERSPROGRAMMES

APPLICATION


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Did you know?

Edinburgh is a year-round festival city with events

dedicated to theatre, film, books, art and science. It’s

home to The Edinburgh International Festival Fringe,

the world’s largest arts festival. An offshoot of the

International Festival, the fringe staged over 45,464

performances of 2,871 shows across 273 venues in

2013. Edinburgh’s Hogmanay is the world’s biggest

new year celebration, with more than 100,000 taking

to its streets for a party that lasts a whole week.

A City of Culture

How did a city so steeped in historybecome an icon of contemporary arts?

Edinburgh is a major European capital, a place

where history can be felt in every cobbled street

and elegant crescent. A World Heritage site, it is a

city of hospitality and creativity. For generations,

the gifted and the inspired, the artist and the

scientist have made Edinburgh their home.

The University of Edinburgh Business School


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Named the ‘Best Place to Live and Work in theUK’, Edinburgh is a remarkable city, notable forfine Georgian and Victorian architecture, expansiveparks and gardens. Here, you’ll find a royal palace, aclifftop castle and an extinct volcano – all in the heartof the city. You’ll also find the Scottish Parliament,housed in an iconic piece of modern design.

It’s an ancient city bursting with life. With fouruniversities, major international arts festivals,world class galleries, theatres and concert halls,Edinburgh enjoys a modern dynamism within itshistoric streets. People from all over the world havesettled here, and there’s a strong ethnic flavourto the bars, cafés and restaurants. It has all the

advantages of a major European capital, yet is smallin scale – only half a million people – and safe.

Beyond the city boundaries, Scotland is a land ofrugged beauty, one of Europe’s last great wildernesseswith mountains, lochs and seven thousand miles ofstunning coastline. Within a few miles of the Schoollies the gently rolling countryside of East Lothian,with beaches, villages and famous golf courses justwaiting to be discovered. Scotland is, of course, thehome of golf and its birthplace, the ancient town ofSt Andrews, is less than two hours from Edinburgh.The landscape of this striking, diverse land couldhave been made for the outdoor sporting life. Skiing,

surfing, hiking, mountain biking and kayaking are just some of the exhilarating activities on offer.

Masters Portfolio | A City of Cult

“Edinburgh is a truly amazing city

with such incredible beauty that

it was a joy to study there.”

Dublin

EdinburghGlasgow

• London

Edinburgh is the capital city of Scotland locatedon the south-east coast near the North Sea. Thecity is well-connected, offering a range of direct

international flights and extensive rail links.

Distance from Edinburgh:

- Edinburgh to Glasgow - 1 hour by train- Edinburgh to London - 1 hour 25 mins by plane- Edinburgh to Dublin - 1 hour 10 mins by plane

Opposite page: Fireworks over Princes Street Gardens with Edinburgh Castle lit up in the background

This page, top: Edinburgh’s famous Royal Mile during the festival season

This page, bottom: The festival comes to the University’s George Square

Yoni Titi, Postgraduate student

business-school.ed.ac.uk


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A City of Business

A city of culture, a city for business, Edinburgh

has a tangible, driving energy. A compelling

blend of history and cutting-edge modernity,

it is the second largest financial centre in the

UK with a thriving, diverse economy and a

highly educated, motivated workforce.

What attracts the world’s leadingbusiness thinkers to Edinburgh?

Image: Edinburgh’s financial district



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As one of Europe’s leading financial centres,

Edinburgh uniquely combines a dynamic business

community with its status as a World Heritage Site.

The University of Edinburgh Business Schoolembodies this potent mix. The University offers astimulating learning environment, nurtured anddeveloped since 1583. The School itself is one ofthe most respected, most progressive in Europe,with alumni drawn from all corners of the globe.

Here at the heart of Edinburgh, the School isperfectly placed to engage with the local, nationaland international business community. Severalmajor global financial institutions – banks, insurancecompanies, investment houses, brokers – havetheir HQs in Edinburgh. In a city that brought theworld Dolly the Sheep, (the world’s first clonedmammal), that is home to the most powerful

computer in the UK (here in the University), thathas developed the country’s most vibrant bio-sciences sector, sits our School right at home inthis atmosphere of innovation and collaboration.

Edinburgh’s focus on cutting-edge learning attractsthe world’s leading thinkers and business people tothe city. It is a major conference destination, a venuefor international symposia and research meetings.

In a country at the leading edge of research intorenewable energy, and a city at the heart of Europe’sfinancial system, we have a notable pool of talentto draw on. And we do. Every week, guest speakerspresent to students, engage in debate with facultyand encourage our potential entrepreneurs. We’reconnected to business in real, practical, exciting ways.

Masters Portfolio | A City of Busin



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The Universityof Edinburgh

The University of which we are a key part is oneof the oldest in the United Kingdom. Granted

its Royal Charter in 1583, the University

of Edinburgh has been the seed-bed

for some of the country’s most

distinguished thinkers.



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During the 18th century, the University lay at theheart of a truly remarkable period in Europeanhistory. The Scottish Enlightenment fused art,science, politics, law and sociology to create a new,reason-based approach to the human condition.The Enlightenment nurtured many great thinkers,a great number of whom studied or taught here.

The extraordinary level of creativity shown by thefaculty, students and alumni of Edinburgh is evident,for example, in the naturalistic philosophy of DavidHume; James Hutton’s founding of modern geology;Charles Darwin’s Theory of Evolution; James ClerkMaxwell’s unified model of electromagnetism; JosephLister’s development of antisepsis; Sir James Young

Simpson’s revolutionary work with anaesthesia; SophiaJex-Blake’s pioneering work in advancing medicaleducation for women; Peter Higgs’ prediction ofnew subatomic particles; and the first cloning ofa mammal by Sir Ian Wilmut and his team. Today,the University is breaking new ground in renewableenergy research, in medicine and in informatics.

The University of Edinburgh has played a key role inthe development of science, arts and business formore than 400 years. Scholars, poets, politicians,scientists, humanists, entrepreneurs and dreamersalike have all found inspiration here. This is borneout by our ranking of 21st in the world by the

latest Times Higher Education Survey rankings.

“Industry, knowledge

and humanity are

linked together by an

indissoluble chain.”

David Hume, world famous Scottish

philosopher, economist and historian

Opposite page: The Old College, an iconic Georgian building and quadrangle designed by Robert Adam in 1789

This page, top: Philosopher David Hume and St. Giles Cathedral on The Royal Mile

This page, bottom: The University of Edinburgh Playfair Library Masters Portfolio | The University of Edinbu



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Did you know?


and its programmes feature highly in global

rankings produced by the Financial Times.

The School also holds both EQUIS and AMBA

accreditations and is in the process of applying

for AACSB accreditation. These awards are

testimony to the quality of our programmes,

students, research, staff and alumni.

TheBusiness School

The University of Edinburgh Business Schoolenjoys a long tradition of teaching and research.

The School offers undergraduate, postgraduate

and executive education programmes in business

and management and provides a platform for

research, discussion and debate on a wide range

of business issues. The School has a world-

class faculty of over 90 members. The 2013/14

student population is 1,518 (with more than 500

students pursuing postgraduate studies).

Part of the University of Edinburgh, one of the

world’s top universities with a rich heritage of

delivering education for over 400 years, the

Business School has an international student body

typically representing more than 72 countries.

The Edinburgh MBA programmes were first offered in 1980

and since then, the School’s postgraduate degree portfoliohas grown significantly and now lies at the forefront of

business development in areas such as finance and risk,

international business, carbon management and accounting.

Over 5,000 postgraduate students from a variety

of backgrounds and nationalities have successfully

graduated from these programmes.



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Who we are

We are a catalyst. A place where ideas are born,theories debated and business done. Much morethan a source of knowledge, we can make a crucialdifference to the career and personal progressionof our students. Our MSc programmes have astrong foundation in academic research, yet allare designed to tackle the very real issues thatface today’s international business community.

This indivisible link between School and businesscan be found right across our work. It’s there in oursponsored research, in our executive educationprogrammes, in our guest speaker series, in our

Entrepreneurship Club and in our student projects. It’sthere in the lecture theatre, the classroom and the café.

Cutting edge research

Research is the lifeblood of any major business school,creating leading-edge thinking that will inform andsometimes revolutionise future business strategy. Beit methodological, applied or blue sky, the researchconducted at Edinburgh seeks to set the agendaacross a wide range of business disciplines.

Our research clusters, staffed by teams whose workhas real influence in business, in government andthe public sector, place original research, original

thought at the core of the MSc curricula. The latestresearch to come out of the School includes sometruly groundbreaking work in carbon management,finance, credit scoring and public management.

International impact

Business is global. So are we. Our MSc programmesget to the core of international business and financeto address key issues of the day. Our students, likemany of our teaching faculty, have an internationalbackground in terms of nationality and career.

This strong sense of internationalism creates a livelytheatre of debate among students and betweenstudents and faculty. We always look to create a mixof nationalities and backgrounds so that we are ableto learn from each other, sharing ideas and insightsinto different cultures. Our MSc portfolio typicallyattracts students from over 60 different countries.

Our faculty has substantial commercial experienceand an impressive track record in the publicationof original research and our professors are someof the most respected in business academia.

Impressive resources

With ambitious plans to become one of the leadingBusiness Schools in Europe the School securedsubstantial investment from the University to developnew premises that could truly act as a hub for business.

With eight lecture theatres, 18 syndicate rooms, anexpanded library space (The Hub), dedicated meetingspace for staff and students and wireless throughout,

this new building was designed with staff and studentneeds paramount. The School has an executiveeducation centre on the 4th floor and a spaciouscafé (The Exchange) on the lower ground floor.

The centre of the School’s knowledge base is TheHub. This provides students with electronic accessto a vast array of specialist research databases,online journals and many of the leading financialinformation services including Datastream,Osiris, Thomson ONE Banker, CRSP (Centre forResearch in Security Prices) and Compustat.

Masters Portfolio | The Business SchOpposite page: Between lectures at the Business School

This page: 29 Buccleuch Place, Main Entrance to the Business School



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Enhance your Career Developmentwith a Masters at Edinburgh

All of our Masters programmes are underpinned by an extensive career

support provision delivered by the Business School’s Careers Manager

and the University’s award-winning careers service. The Business

School offers a bespoke careers programme ‘mycareer’ tailored

to the needs of our Masters students . The ‘mycareer’ programmefocuses on skills development, opportunities and networks.

The employment market can be a tough place to succeed now,more than ever. With an MSc from the University of Edinburgh

you can stand out from the crowd.

- MSc Supportmycareer

Skills

One on one adviceand guidance

Web site:> eLearning> eVisors> online chats

Skills programme

Mentoring

Group sessions

Opportunities Networks

Projects

Online resources

Alumni Industryintroductions

Peers

Support from University Careers Service (eg career fairs, employer presentations)

Guest speakers

Careers fairs

Alumni sector events

Corporate presentations

Recruitment agencies



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Corporate Connections

The Business School has always nurtured strongconnections to the world of business. The Schoolhas a track record of interacting with businessproviding consultancy, research and recruitmentassistance. Each year, we play host to more than100 business speakers, drawn from a diverse rangeof organisations. They come to share their insightsand opinions on a broad range of business issues,

finding common ground with students and faculty.The Edinburgh Entrepreneurship Club (the E-Club),hosted by the Business School, is a consortium ofstudents, alumni, researchers, faculty and staff fromacross the university, and colleagues from the widercommunity who share a common goal of fostering theentrepreneurial spirit. The club provides information,knowledge and networking opportunities related toentrepreneurship and supports entrepreneurs throughall steps of the Entrepreneurial Process. The Schoolis also extensively networked with industry bodiessuch as the Chamber of Commerce, CFA, CharteredBanker Institute and The Marketing Society.

Student Projects

Student Projects are a key connection between theBusiness School and the world of practice. For ourstudents, a project is a unique opportunity to applytheir knowledge and skill in a real and practical setting.Some of our Masters programmes offer studentsthe opportunity to deliver projects. The MSc inInternational Business and Emerging Markets and theMSc in Carbon Finance both feature group projectsas part of the core curriculum. Some Masters studentsuse their dissertation to conduct a bespoke pieceof research for a corporate partner. The BusinessSchool has a dedicated Student Projects Managerwho organises all elements of these projects.

Alumni Services - A ProfessionalNetwork for Life

When you graduate, you will automatically becomea member of the Business School’s alumni network.In addition to the benefits and services provided toalumni by the University, the Business School alumninetwork provides you with:

- A community of more than 6,000 professionals in over

90 countries. Members of the postgraduate alumninetwork have a life-long link with the School andaccess to services and events that maximise theirdegree and add value to their professional life.

- A professional network. There is a LinkedIn groupfor every postgraduate programme and alumni areencouraged to join. Not only is LinkedIn a great wayto reconnect with fellow classmates but the virtualnetworking site is now a key tool for companies to recruit.

- Global connections. The School runs a full programmeof events both in the UK and overseas. Alumni use theseevents not just to keep in touch with classmates but toexpand their professional networks. The School hasalumni groups in 19 countries worldwide who

organise their own networking and social events.School staff also travel around the world and arealways keen to meet alumni.

- Tap into the latest thinking. Alumni have access tothe latest information resources that will supportthem throughout their professional life.

- The alumni portal. All alumni can use the School’sResearch Access centre and website which provides acomprehensive listing of electronic resources andbusiness portals, and acts as a central resource foryour research needs.

- Support throughout your career. Recent graduates(up to two years after date of graduation) areencouraged to use the University of Edinburgh

Careers Service - www.careers.ed.ac.uk. MBA alumnialso have access to the MBA career team after graduation.

- Alumni matching. We support alumni who are lookingto change companies, move sector, or who have beenmade redundant. We introduce alumni to fellowgraduates who may be in a position to help.

- For more on alumni services visitwww.business-school.ed.ac.uk/alumni

Masters Portfolio | Introduction to Masters Portf

Hugely respected by employers, highly sought after by graduates,

our MSc programmes provide an ideal balance between rigorous

academic theory and the latest industry practice. Our growing portfolio

of innovative Masters programmes cover a broad range of general

and specialised management disciplines. Ideal for both the first-time

management student and those looking for a highly focused, in-depth

programme, an MSc from Edinburgh is a qualification of real substance.



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MSc in Accountingand Finance

Designed for those with a quantitative background, this programmeis both academically rigorous and closely in line with professional

practice. It is especially useful for those graduates with work

experience in accounting looking to gain essential practical

skills in finance – and vice versa. Although the core, compulsory

courses ensure a good balance between both accounting and

finance study, the option courses give you the opportunity to

specialise – tailoring your studies towards your chosen career.

From GreeceDimitrios

Exadaktylos, a 2011

MSc in Accounting

and Finance

graduate outside

the imposing

Bank of Scotland

headquarters on

the Mound.



15/56Masters Portfolio | MSc in Accounting and Fina

About the programmeStudying accounting and finance in Edinburgh givesyou the opportunity to base yourself at the heartof the UK’s second largest financial centre. Manyof Europe’s leading financial institutions have theirheadquarters here, a fact that we make full use ofon the MSc programme. We regularly bring guestspeakers to the School to talk directly to accountingand finance students on real, current practice.

The School also maintains good relationships witha number of accounting and finance professionalswho will be on hand to provide advice on researchand career opportunities. It is essential connections

like these that characterise the dynamic natureof this strongly vocational programme.

Post programme careers could be in areas asdiverse as international accounting, internationalregulations, investment and security analysis,portfolio management, management accounting,corporate finance and corporate restructuring.

Partnerships

The University of Edinburgh Business School’sMSc in Accounting and Finance participatesin the CFA Institute ® CFA Program PartnerInitiative (“CFA PP”). This means that the MSc in

Accounting and Finance is judged by the Instituteas covering at least 70 per cent of the CFAcurriculum. The degree will therefore assist thosewho choose to study for the CFA qualification.

Learning outcomesThe programme aims to provide you with:

- knowledge of international accountingstandards, global financial markets andthe finance and investment industry

- an understanding of different organisations,their roles, how they interact and thefactors behind success or failure

- the ability to evaluate financial statementsand estimate the fair value for an investment,to test assumptions and sensitivities andto compare different investments

- an understanding of basic valuationtechniques and how they help to analysethe value drivers of a company

- an understanding of the role ofdifferent asset classes

- an understanding of how investment portfolioscan be constructed and analysed

Recent grarecruiters:

- AEGON

- Baillie Gifford

- The Civil Serv

- Ernst & Young

- Goldman Sac

- J.P. Morgan

- Morgan Stanl

- PriceWaterho

Coopers

- Royal Bank o

Scotland- Standard Life

- UBS



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I did my undergraduate degree

and then worked for a while as

an accounts trainee for an FMCG

company in India. I’ve always

been interested in accounting and

finance and wanted to increase my

knowledge and get to know more.

I spent almost two years looking

for a programme. I looked at the

ranking of the University. Sometimes

you get an instinct about a place.

I’m so glad about the choice

I’ve made to study at Edinburgh

as the city is just beautiful.

The course is very focused on

current affairs which helps in

applying the subject matter

to real life experiences. The

programme works you hard but

also gives you enough time to

breathe, have fun with classmates

and enjoy the experience of

in Edinburgh. The programm

support team were very help

throughout the year and aca

were always willing to help.

My classmates were lovely. T

group was a great blend of

international cultures. I loved

exposure to all these differen

people from all over the wor

The new School building is

wonderful as well. I kept hea

about it so was really looking

forward to experiencing it.

I live in private accommoda

It was very easy to find. I mo

in with a friend which really

helped. I’ve enjoyed the new

experiences I’ve had here in

Edinburgh including ceilidh d

Case Study

Deepika Appala Raghavulu

MSc in Accounting and Finance, 2011 graduate

MSc in Accounting and FinanceProgramme Structure

› Option courseKey › Core course

Semester 2January - May

› Dissertation› Induction

› Advanced ManagementAccounting

› Analysis of CorporateFinancial Information

› Foundations ofFinance Theory

› Statistics for Finance

› Advanced Corporate Finance

› Advanced Finance Theory

› Behavioural Finance

› Capital Market Anomalies

› Credit Risk Management

› Derivatives

› Economics for Postgraduates

› Financial Management for Puand Not for Profit Organisatio

› Investment Management

› Research Methods

› Equity Valuation

Plus two of:

› Option course

› Option course

*Courses correct at time of print

Semester 1September - December

Summer June - August

The proposed optioncourses* for 2014/15 are:



17/56Masters Portfolio | MSc in Accounting and Fina

Application

For more information on application and entry requirementsplease see back flap or visit our website.

business-school.ed.ac.uk/msc/accounting-finance

Fees

Fees for entry inSeptember 2014

Home/EU £20,550 Overseas £25,350

“The best thing about the MSc is the vari

of courses covered, which allow you to t

the programme to your specific interest

Carl Goetz, Rolls Royce

Recent speat the BusiSchool:

- AEGON

Head of Strat

- Cairn Energy

Finance Direc

- Charterhouse

Capital Partn

Partner

- Citigroup Sco

Managing Dir

- International

AccountingStandards Bo

Chairman

- KPMG

Director of

Corporate Fin

- Lloyds TSB

Chief Econom

InductionAt the beginning of the programme there is acomprehensive induction week that provides anintroduction to the School, the programme andthe University. Designed to be both informativeand fun, it enables you to get acquainted withyour fellow students with whom you will bestudying for the duration of the programme.

Core courses

The MSc in Accounting and Finance features sixcore courses. These are the foundation uponwhich the whole MSc is built. Four of these

are studied in Semester 1 and two in Semester2. Learning is achieved through lectures,set reading, exercises and case studies.

Option courses

The programme is structured so that you specialisethrough courses including accounting, finance,credit risk management, corporate finance, andfinancial management. From a wide range ofoption courses, you have the opportunity tochoose two. These options are reviewed everyyear, ensuring that each option is of directrelevance to the needs of today’s businesses.

Assessment Each course component uses a combination offormal examination, individual/group assessmentand presentations. The nature of the componentwill dictate which form(s) of assessment are used.

Dissertation

The conclusion of the MSc brings all of the year’slearning together in a piece of work unique to eachstudent. Taking inspiration from the informationand insights you have gained, you agree thesubject matter, in discussion with faculty, and setthe research agenda. The subject chosen should be

viewed in light of your own future career plans.

Through the extensive links the School and facultyhave with the finance and accounting sectors, we areable to provide a number of students each year withan opportunity to base their dissertation on a specific‘live issue’ that a particular company is facing.

Indicative dissertation topics

Introducing IFRS to Accounting

Social and environmental disclosures

Comparable accounting policies

Performance persistence of mutual funds

Director’s trading

Management accounting and strategy

Earnings management

What is fair value?

Recent talkthe BusinesSchool:

- 2012 - the Fin

Services Auth

and the challe

ahead

- Small busines

reporting - w

want and wh

need

- Accounting is

in family busi

access to fina

succession an

taxation



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MSc in Banking and Risk

The aim of the MSc in Banking and Risk is to give you theknowledge, understanding and key skills that will enable you to

be an effective manager in financial institutions, especially banks,

in any country in the world. Recent events demonstrate that the

successful management of banks is of crucial importance to every

economy. Banking is an industry rather than an academic discipline

and the study of the management of banks is multidisciplinary.

The approach of this programme is to consider the structural,

financial and risk and asset management functions of banks.

From GreeceKonstantina Davili,

a 2011 MSc in

Accounting and

Finance graduate

on Grindley Street

by the new wing

of the city’s main

concert venue,

the Usher Hall.



19/56Masters Portfolio | MSc in Banking and

About the programmeWhilst there are many Masters degrees involvingbanking offered in the UK, the vast majority providedescriptive material about what banks actually do.The Edinburgh Masters differs from the majorityin that it has a major emphasis on what decisionsmanagers in banks should make and how to makethem. The course has been designed by asking thequestion ‘what skills do managers in risk functionsneed to be technically excellent at their job?’ Thisapproach is unique and has shaped the contentof modules and the structure of the programme.

The MSc in Banking and Risk utilises knowledge

and skills gained through the research carriedout by members of the Credit Research Centre(CRC) in the Business School. This is a leadinginternational research centre that specialisesin research into credit risk modelling.

A strong academic base, passionate faculty andinternational cohort will ensure you have a rewardingstudent experience in our city-centre campus. TheSchool has widespread industry links and you willhave exposure to a range of first class guest speakers.

Learning outcomesIf you take this programme you will gain:

- a detailed knowledge of the structureand role of banking in an economy

- an understanding of risk models that areavailable to assess the risk of making loans

- an understanding of the exposureof a portfolio of loans

- developed technical skills to predict theriskiness of a potential borrower

- skills to value and manage a portfolio

of specialised financial derivatives

- techniques to manage a portfolio of assets

- proficiency in computing the amount of capitala bank requires to function optimally

Indicativegraduate ro

- Risk Managem

Consultant

- Credit Risk A

- Securities/Cr

Officer

- Banking Regu

Consultant

- Audit/Compl

Analyst

- Financial Serv

Regulatory A

- Governance aRisk Officer

- Risk Manager

(Modelling)

- Portfolio Risk

Manager



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Case Study

Pavle Sabic

MSc in Finance and Investment graduate I graduated from Heriot-WattUniversity in 2005, with a 1st Class

Distinction in Mathematics and

Economics. Having decided that

I wanted to apply my undergraduate

skills to the finance industry,

I needed to refine and add to my

existing tool kit in order to become

competent as a practitioner.

I applied to the University of

Edinburgh Business School becauseof its great reputation throughout

the world and because it is one

of the most intensive finance

programmes in the UK. It was also

encouraging to know that many

of the lecturers are experienc

practitioners within the field

Finally, after applying and be

granted a scholarship for the

course, my choice was made

I feel the MSc provided me w

the vocabulary and knowled

which is essential in the finan

industry. It allowed me to be

my career at a high level an

provided huge scope forprogression. The MSc really

prepares you for the intense

working environment

this field offers.

MSc in Banking and RiskProgramme Structure

As students have not yet completed this programme we share

a case study from one of our other Masters programmes.



Semester 110 September - 21 December

Semester 214 January - 24 May

Summer 1 June - 29 August



› Introduction to Banking


› Introduction to RiskManagement for Banks


› Financial Marketsand Institutions

Students choose two option courses

› Option course

› Option course

The proposed option courses* for 2013/14 are:


› Derivatives

› Risk Management andthe Basel Accord

› Microfinance

› Datamining



21/56Masters Portfolio | MSc in Banking and

Induction

At the beginning of the programme there is acomprehensive induction week that provides anintroduction to the School, the programme andthe University. Designed to be both informativeand fun, it enables you to get acquainted withyour fellow students with whom you will bestudying for the duration of the programme.

Core courses

The Programme progresses sequentially; thecourses in Semester 1 give the student knowledge,understanding and skills that are needed to benefit

from the courses taken in Semester 2. The corecourses give generic understanding and skills thata student with this degree must gain. The MSc inBanking and Risk features six core courses. Theseare the foundation upon which the whole MSc isbuilt. Four of these are studied in Semester 1 andtwo in Semester 2. Learning is achieved throughlectures, set reading, exercises and case studies.

Option courses

The option courses allow for specialisation eitherin risk assessment areas or in asset managementor a student may take a course from both streams.From a range of option courses, you have the

opportunity to choose two. These options arereviewed every year, ensuring that each option is ofdirect relevance to the needs of today’s businesses.

Assessment

Each course component uses a combination offormal examination, individual/group assessmentand presentations. The nature of the componentwill dictate which form(s) of assessment are used.

Dissertation

The conclusion of the MSc brings all of the year’slearning together in a piece of work unique to eachstudent. Taking inspiration from the information

and insights you have gained, you agree thesubject matter, in discussion with faculty, and setthe research agenda. The subject chosen shouldbe viewed in light of your own future careerplans. Through the extensive links the Schooland faculty have with industry, we are able toprovide a number of students each year with anopportunity to base their dissertation on a specific‘live issue’ that a particular company is facing.


Dissertations may be a critical review of literatureor the estimation of a risk model or the testing ofbehavioural hypotheses using primary or secondary

data. Indicative dissertation topics include:

Estimating a credit risk model for consumer loans

A critical review of capital adequacy regulations

An evaluation of liquidity risk models

Use of internal credit risk ratings at private banks

Competition in retail banking

How do banks set interest rates?

Determinants of bank profitability

An empirical analysis of bank mergers

An empirical analysis of the popularity ofcredit risk model estimation techniques

Risk management and corporategovernance in banking

Incentives in CEO pay and impacts on risk taking

Credit risk management of commercial loan portfolio

An empirical analysis of bank efficiency

Assessing risk in launching new financial products

Measuring shareholder risk in international banks


- AEGON

Head of Strat

- KPMG

Director of

Corporate Fin

- Lloyds TSB

Chief Econom

- Royal Bank

of Scotland

Head of HR

Shared Servic

- Standard Life

Investments

Head of Socia

Responsible

Investing

- Standard Life

CEO

- State Street A

Senior Partne

Application

For more information on application and entry requirementsplease see page back flap or visit our website.

business-school.ed.ac.uk/msc/banking-risk

Fees



Recent talk

the busineSchool:

- Small busine

reporting - w

want and wh

need

- Were investo

enablers of t

banking crisi

- Towards dete

systemic imp



22/56

This programme is the world’s first dedicated toprofessionals in the carbon market and climate

change investment field. The syllabus uniquely

focuses on the business opportunities and financial

flows driven by society’s response to climate change.

MSc in Carbon Finance

FromMoldova

Christian Pasa,

a 2011 MSc in

Marketing graduate

stands in front of

the iconic Scottish

Parliament building.



23/56Masters Portfolio | MSc in Carbon FIna

About the programmeThe MSc in Carbon Finance will appeal to graduateswith a first degree in business, economics,environmental science or a related discipline in thesocial or physical sciences. Typically students willhave work experience and will be wanting to moveinto a career in the carbon markets or in climatechange investment, consulting or related policyand regulatory roles. A background in financeis not required for entry to the programme.

The explosion of carbon finance and investmenthas created a range of new types of businessand new professional careers within both newand existing businesses. Typical employers

include banks, asset managers, large industrials,consultancy firms, regulators and carbon start-ups.

The University of Edinburgh Business School hasglobally acclaimed expertise in both carbon andfinancial services. Lectures are given by academicswith extensive professional experience, externalexperts and practitioners in carbon finance. Theprogramme also draws on the broader climate changeexpertise of the University, especially in areas such ascarbon capture and storage and renewable energydevelopment. The finance and investment orientationof the programme sits alongside and complementsthe MSc in Carbon Management, which equipsgraduates for operational and general management

roles in the sector. Together these programmesconsolidate the School’s position as a global leaderin business and climate change education.

A core component of the programme is a groupCarbon Consulting Project, which will providean opportunity for you to work with a companyover an eight-week period to help solve aspecific problem related to carbon finance.These consulting projects are an excellentway to establish contacts in the sector.

The MSc in Carbon Finance offers a more specialised,finance and market-oriented alternative to the moregeneralist, operations-oriented MSc in Carbon

Management also offered by the Business School.

Partnerships

The MSc in Carbon Finance programme has anumber of exciting partnerships with industry,including organisations such as the Scottish2020 Climate Group, Pacific Carbon Trust, MatrixGroup, ENDS Carbon, The London Accord andCarbon Finance magazine. These partners worktogether with the programme on guest speakers,

dissertation topics, carbon consulting projects orinternships. Partners may offer potential careeropportunities for carbon finance graduates.

Learning outcomes

If you take this programme you willgain an understanding of:

- climate change science, greenhouse gasstabilisation pathways and the principalmitigation and adaptation options

- climate change policy responses atall levels and the types of regulatoryresponse available to governments

- the relationship between climate changescience, policy, carbon markets and otherclimate finance and investment

- essentials of conventional finance and financingissues in the energy sector in particular

- the structure and dynamics of carbonmarkets, including voluntary carbon marketsand the flexibility mechanisms of the kyotoprotocol and its successor agreement(s)

- accounting for carbon, carbon auditing,financial reporting and non-financial disclosure,benchmarking, taxation implications, andthe ethics of carbon accounting


- Carbon Credi

Developer

- Carbon Trade

- Carbon Cons

Service Provi

- Carbon Analy

- Carbon Asset

Fund Manage

- Carbon Acco

The Business School also partnersin the MSc in CarbonManagement co-delivered withcolleagues from geosciences andeconomics at the Edinburgh Centrefor Carbon Innovation.

In this landmark collaborationbetween the world-renownedSchool of GeoSciences, the

Business School and the Schoolof Economics, the MSc in CarbonManagement provides a high-level,intensive exploration of a subjectcrucial to the future of businessand, of course, the planet itself.

Designed to create the nextgeneration of carbon managers,auditors and expert advisors,the MSc gives students a

detailed understanding oclimate science and econand provides a broad andintegrated understandingof carbon management.

From September 2013 thprogramme will be hostethe School of GeoScienctaught at the Edinburgh

Carbon Innovation’s newat High School Yards in cEdinburgh. ECCI is a hubknowledge, innovation arequired to create a low ceconomy. The building can innovation suite, lectutheatres, seminar rooms,and social space. For moinformation visit www.glg

MSc in Carbon Management



24/56

MSc in Carbon FinanceProgramme Structure

I am from France, just near the

border with Geneva. As one of

the youngest students on the

programme I am benefiting

enormously from my classmates’

experience. We are very lucky

with students from 14 different

nationalities and extensive

work experience. We have

different backgrounds with

some more scientific, others

more numeric so it makes for

a very interesting group.

I previously studied business andhave had internships working

on climate change in Alaska and

with a carbon fund in Geneva. I’m

very involved in climate change

issues and felt the best way of

doing socially responsible business

was through a Masters in Carbon

Finance. I chose Edinburgh

because the programme was

here but also because of Scot

42% emission reduction targe

for 2020. Scotland’s enterpris

and the Scottish people’s poin

of view is really important.

The course of study has been

great. Our group is spread be

carbon markets and financial

markets and policy, regulation

and climate change issues.

The programme gives a grea

balance of knowledge and an

overview of carbon finance t

is very grounded in the real w

The programme involves a lot

of personal work. You can do

the minimum but you will not

succeed. You control your ow

success; it is like the real world

Learn as much as you can as

this is a great opportunity.

Case Study

Gaelle Nuttall

MSc in Carbon Finance, 2012 graduate







› Climate Change Scienceand Policy

› Carbon Markets

› Energy Finance

› Carbon Accounting

› Low Carbon Investment

› Research Methods in CarbonFinance

› Carbon Consulting Project

Students choose one option course

› Option course



› Ecosystem Services 2: Ecosys Values and Management

› Emission ReductionProject Development

› Emerging Entrepreneurship I

Opportunities and Obstacles › Energy Policy and Politics

› EU and National Climate Cha


› Global Financial Markets andEmerging Economies

› Innovation for Sustainability


› Microfinance



25/56Masters Portfolio | MSc in Carbon FIna

Application


business-school.ed.ac.uk/msc/carbon-finance

Fees



Induction


Core courses

The MSc in Carbon Finance features seven corecourses. Four of these are studied in Semester 1 andthree in Semester 2. Learning is achieved through

lectures, set reading, exercises and case studies.

Option courses

This is a very technical programme with a lot ofknowledge contained in the core curriculum. This isyour MSc built on these solid foundations. And thisis where you tailor your studies towards your careerinterests. For the MSc in Carbon Finance studentsselect one course from a number of options relevantto extending your studies in a particular area.

Assessment


Dissertation

The conclusion of the MSc brings all of the year’slearning together in a piece of work unique to eachstudent. Taking inspiration from the informationand insights you have gained, you agree thesubject matter, in discussion with faculty, and setthe research agenda. The subject chosen should be

viewed in light of your own future career plans.


Carbon finance in specific sectors, technologies,countries, carbon markets or standards

Comparative studies of the efficiency ofalternative carbon financing instruments

Analysis of carbon pricing, risk or risk management

Exploring the relationships betweenenergy finance and carbon finance

New developments in carbon

accounting, taxation or auditing Post-2012 international policyframeworks and carbon finance

“Edinburgh pioneered the first ever MSc in Carbon

Finance. I believe the programme speaks to the

progress Scotland has made using market-based

mechanisms to manage climate change mitigation.”

Branden Beatty, MSc in Carbon Finance


- Charles Hend

Minister for E

- Climate Chan

Capital

Vice Chairma

- Wood Macke

Research Ma

- Bloomberg N

Energy Finan

Chief Editor

- Composite EChief Execut

- BP

Director, CCS

Technology

- Mainstream

Renewable P

Global Head

Corporate Aff

- Solar Century

Chief Execut

- Standard Life

Head of Soci

Responsible

Recent talkthe businesSchool:

- The challenge

climate chang

- Accessing fin

low carbon inv

- New frontiers

carbon acco



26/56

MSc in Finance and Investment

Most business schools offer an MSc in Finance.Few offer an MSc with such a strong investment

component. A powerful blend of academic rigour and

vocational insight, the MSc in Finance and Investment

will add considerably to the knowledge of those

looking to further their career in this vital sector. The

MSc was awarded the Scottish Financial Enterprise

Innovators Award in the year it was launched.

From ThailandPimpakarn

Anutarayontchai, a

2011 MSc in Finance

and Investment

graduate standing

on the roof of the

University Informatics

Forum’s award-

winning new building.



27/56Masters Portfolio | MSc in Finance and Investm

About the programme

The School’s location in the UK’s second largestfinancial centre allows us to attract visiting speakersfrom the key financial institutions, fund managersand analysts. Indeed, the course was founded withthe financial and practical support of major industryplayers, including Citigroup, Martin Currie andBaillie Gifford. Students are able to interact withleading figures from these major companies; this isparticularly evident in the dissertation, which offersan invaluable opportunity to collaborate on a topicthat has real, of-the-minute industry relevance.

Our strong connection to industry is exemplified

by our work in the Centre for Financial MarketsResearch and the Credit Research Centrewhich bring together leading academics andpractitioners. The centres provide a keen theatreof debate, creating new thoughts, new ideasfor both the theoretical study and practicalapplication of credit, finance and investment.

The practical, theoretical and numerical skillslearnt through the programme, as well as theglobal perspective of investment markets andasset classes, will leave you well qualified for arange of finance-related professions. We expectgraduates to take up positions in investmentanalysis, portfolio management, financial statementanalysis and evaluation, corporate finance, productdevelopment, client servicing and risk management.

Partnerships

The University of Edinburgh Business School’s MScin Finance and Investment participates in the CFAInstitute ® CFA Program Partner Initiative (“CFAPP”). This means that the MSc in Finance andInvestment is judged by the Institute as covering atleast 70 per cent of the CFA curriculum. The degreewill therefore assist those who choose to study forthe CFA qualification. We also teach a module onethics and standards of professional practice.

The Business School is also recognised as a Centreof Excellence in the provision of postgraduateeducation in finance and investment by the CharteredInstitute for Securities and Investment (CISI). Studentswho have passed the MSc in Finance and Investmentcan apply for exemption from the SII Diploma exams.

Learning outcomes

Through the programme learning and theexpertise and support of your course tutors,you will develop the following skills:

- an ability to understand, speak and writethe language of finance and investment

- an understanding of industry practice inrisk management

- an ability to analyse the financial statementsof companies and to evaluate earningsquality and firm performance

- an understanding of a wide range of the financialindustry’s analytical and problem-solving methodsand techniques


- AEGON

- AON Consult

- Bank of China

- Baillie Gifford

- Ernst & Youn

- Goldman Sac

- JP Morgan

- Morgan Stan

- PriceWaterho

Coopers

- Royal Bank oScotland

- Scottish Wido

Investment

Partnership

- Standard Life

- State Street B

and Trust

- UBS



28/56

I chose to study for my Masters

in Finance and Investment

at Edinburgh because of the

reputation of the School. My

undergraduate studies were in

business administration and finance.

Prior to the programme I had gained

some work experience working in

the South East European University

as a teaching assistant. As I would

really like to continue to work

in a university I needed further

qualifications. I would ultimately

like to lecture in finance.

I really enjoyed the teaching

methods on the programme.

We had a lot of guest speakers

which highlighted the practical

applications of the skills we were

learning. The programme was

intensive but I liked it. My classmates

were people from all over the world,

countries I didn’t know exist

I’m walking away from this

programme with friendships

that will last forever. I took u

student accommodation in M

Court and the staff organise

many social events for us.

My dissertation is in the area

banking for developed coun

As a result of doing the

programme and having ver

good mentoring and help

from staff I managed to get

a place, fully funded, on aPhD programme which I wi

commence in September.

My favourite thing about livi

in Edinburgh is the people I’

met. Being in an environmen

where you get exposure to

a wide range of cultures and

people has really benefited m

Case Study

Zana Beqiri

MSc in Finance and Investment, 2011 graduate

MSc in Finance and Investment Programme Structure

In Semester 2, students select three courses in total (plus Research Methods in Finance)







› Corporate Financeand Accounting

› Financial Markets

› Investment Theory


› Research Methods in Finance(dissertation preparationmodule)

Students choose one or two core electives:

› Derivatives


Plus one or two of:

› Option course

› Option course

The proposed option courses* for 2013/2014 are: (choose two)

› Accounting, Planning and Str





› Economics for Postgraduates



› Core elective




Application


business-school.ed.ac.uk/msc/finance-investment

Fees




- Bank of Engl

Executive Dir

Financial Stab

- Royal Bank

of Scotland

Head of HR

Shared Servic

- Scottish Fina

Enterprise

CEO

- Scottish Fina

Operations

CEO

- Scottish Dev

International

Operations D

- Securities an

Investment In

Managing Dir

- Standard Life

Investments

Head of Soci

Responsible I

- Standard Life

CEO

- Wolfson

Microelectro

Founder

Induction


Core courses

A powerful blend of academic rigour and vocationalinsight, the MSc in Finance and Investment willadd considerably to the knowledge of those

looking to further their career in this vital sector.The programme features five core courses and oneor two core electives. These are the foundationupon which the whole MSc is built. Four of theseare studied in Semester 1 and two or three inSemester 2. Learning is achieved through lectures,set reading, exercises and case studies.

Option courses

This is your MSc. And this is where you tailor yourstudies towards your career interests. From a widerange of option courses, you have the opportunityto choose one or two. These options are reviewedevery year, ensuring that each option is of direct

relevance to the needs of today’s businesses.

Assessment

The taught courses use a combination of formalexamination, individual/group assessment andpresentation. The nature of the course willdictate which form(s) of assessment are used.

Dissertation

In the summer term, each of our finance MScstudents completes an individual dissertation.Although it is usual for you to choose a dissertationtopic based upon your own interests, or to developtopics suggested by academic staff, opportunitiesalso exist for companies to sponsor projects. A

company-sponsored project would involve youdirecting your MSc dissertation towards answeringresearch questions suggested by that company.Organisations may wish to progress research into aparticular issue and can base the project topic uponthis. An academic supervisor is assigned to eachproject, which is likely to be empirical in nature.

Previous MSc in Financedissertation topics include:

Does stock market liquidity affect firms’ dividendpolicy? Evidence from the Australian stock market

Value versus growth: The Chinese

experience 2000-2010

Merck: Event study analysis of the stock marketreaction to the approval and withdrawal of Vioxx

Corporate financial investments andvalue versus growth companies

Performance implications of pension fundsusing multiple investment managers

“One of the best things about the MSc

was the diverse range of people I met.”

Kathryn Wardrope, Ernst & Young


- Funding ladd

one day conf

with the Lond

Stock Exchan

- The credit cryears on: unp

the crisis

- The impact o

budget on th

Scottish econ



30/56

MSc in Financial Management

The MSc in Financial Management is acomprehensive and rigorous exploration of key

areas in accounting and corporate finance. It is

designed for graduates interested in following a

career in the finance function of a company, in

the accounting profession, in business analysis

or in management consultancy practice.

From IndiaShruti Dabriwal,

a 2011 MSc in

International

Business and

Emerging Markets

graduate stands

in front of the

Royal Scottish

Academy of Art.



31/56Masters Portfolio | MSc in Financial Managem

About the programme

Financial Management is one of the key disciplinesnecessary for the successful management of businesscorporations and other organisations. Studyingthe theories underlying Financial Managementpractices will allow you to understand and explainthe financial workings of corporations and otherorganisations. An understanding of these practiceswill enable you to apply this knowledge andunderstanding to real-life business situations.

In an organisation financial management is split intoits two principal roles. These are the accountingfunction, usually under the direction of the financial

controller, and the corporate finance functiondirected by the treasurer. Accounting is concernedwith the provision and interpretation of informationfor economic decision making. Accounting is itselfsplit between management accounting whichservices the information needs of the organisation’smanagement, and financial accounting whichprovides information for investors, the generalpublic and regulatory bodies. The corporate financefunction is concerned with managing the finances ofthe organisation and is involved in cash management,asset allocation, capital structuring and financial riskmanagement in areas such as interest rates, foreigncurrency exchange rates, and commodity trading.

The programme is structured so that you canspecialise through choices including advancedcorporate finance, advanced finance theory,behavioural finance and market anomalies,derivatives, investment management andpublic sector financial management.

Learning outcomes

If you undertake this programme you will:

- understand and apply theories ofaccounting and corporate finance

- appreciate and apply treasury managementand corporate finance techniques

- critically evaluate the financialcontrol of an organisation

- know, apply and critically evaluatefinancial accounting techniques

- know, apply and critically evaluate

management accounting techniques

- identify and analyse problems in thefield of financial management andprovide innovative solutions


- Treasury Man

- Finance Exec

- Financial Stra

Consultant

- Business Star

Financial Con

- Corporate Fin

Executive

- Business Ana

- Retail Bankin

Executive

- Commercial

Banking Exec

- Investment

Banking Exec

- Management

Consultant

- Venture Capit

Executive

Employmesectors

Graduates will

job opportunit

- Corporate (of

size and type

- Industry and

Commerce

(all areas incl

financial serv

- Government

local and nati

- Third Sector

(Charities and

Individuals wit

financial mana

knowledge are

employable in

any organisatioin any sector.



32/56

My motivation to study for the

MSc in Accounting and Finance

was threefold. Firstly, I wanted

to deepen my knowledge in my

chosen field of interest, for which

the advanced courses at the

University of Edinburgh Business

School provide the ideal conditions.

Secondly, I was looking forward

to studying alongside diverse and

inspiring fellow students, which

I have found to be extremely

stimulating. Finally, I very much

cherished the opportunity to

spend some time abroad at a first

class institution in the beautiful

setting of the city of Edinburgh.

When choosing the University

of Edinburgh Business School, I

attached great importance to the

research strength and profile

its faculty. As the School hol

renowned faculty of distingu

researchers, particularly in th

fields of accounting and fina

this strongly influenced my

decision. Besides, I would no

want to miss the opportunit

studying at an ancient unive

with an international setting

reputation. In my opinion, th

MSc in Accounting and Finan

is both academically rigorou

and practically relevant.

As I aspire to complete a PhD

programme, I believe that

this MSc will give me the ver

best preparation possible.

Case Study

Christian Engelen

MSc in Accounting and Finance graduate

As students have not yet completed this programme we share

a case study from one of our other Masters programmes.

MSc in Financial ManagementProgramme Structure









› Financial Markets

and Investments

› Treasury Managementand Corporate Finance

› Accounting, Planningand Strategy

› Research Methods(dissertation preparation module)


› Option course

› Option course







› Derivatives › Economics for Postgraduates




› Negotiation




Induction


Core courses

The programme is designed to deliverfinancial management expertise with particularemphasis in understanding the disciplinesof accounting and corporate finance. Boththeoretical foundations and practice applicationsare provided in both of these areas.

The MSc in Financial Management features sixcore courses. These are the foundation uponwhich the whole MSc is built. Four of theseare studied in Semester 1 and two in Semester2. Learning is achieved through lectures, setreading, exercises and case studies. As well as thetaught courses students undertake a dissertationpreparation course and the dissertation itself.

Option courses

This is your MSc. And this is where you tailor yourstudies towards your career interests. From a widerange of option courses, you have the opportunityto choose two. The programme is structured so thatstudents specialise through courses within choicesincluding advanced corporate finance, advancedfinance theory, behavioural finance and marketanomalies, derivatives, investment managementand public sector financial management.

Assessment


Dissertation

The conclusion of the MSc brings all of the year’slearning together in a piece of work unique to eachstudent. Taking inspiration from the informationand insights you have gained, you agree thesubject matter, in discussion with faculty, and setthe research agenda. The subject chosen shouldbe viewed in light of your own future careerplans. Through the extensive links the Schooland faculty have with industry, we are able toprovide a number of students each year with anopportunity to base their dissertation on a specific‘live issue’ that a particular company is facing.


Performance impact of long term hedging strategies

Developing a theory of internal control

Corporate governance structures

Developing meaningful liquidity and solvency metrics

Optimising internal resource allocation

Optimal capital structure

Developing strategy related performance metrics

Applications of ICT to treasury management practice

Behavioural impact of budgeting

Application


business-school.ed.ac.uk/msc/financial-management


- AEGON

Head of Strat

- Cairn Energy

Finance Direc

- KPMG

Director of

Corporate Fin

- Lloyds TSB

CEO

- Royal Bank

of Scotland

Head of HR

Shared Servic

- Scottish Fina

Enterprise

CEO

- Standard Life

Investments

Head of Socia

Responsible I

- Procter and G

Senior HR Ma

- Standard Life

CEO

- Deloitte

Partner

Fees




- The Scottish

Economy - C

Tiger or Tim’

Beastie

- Those who ig

history are do

to repeat it -

financial crisis

- Small busines

reporting - w

want and wh

need



34/56

MSc in HumanResource Management

This Masters is designed to meet the needs ofgraduates wishing to pursue a career in human

resources. The programme develops your

knowledge of human resource management

concepts and key management skills relevant to

modern business. You will benefit from a faculty

producing internationally recognised research on

topics as diverse as recruitment, remuneration and

retirement. The programme is differentiated by

offering a flexible programme structure that allows

you to choose a unique combination of

courses that develop both theoretical

knowledge and practical skills.

From IranBehzad Aminfard,

an MSc in

Management

graduate pictured

against the glass

facia of the new

Quartermile

development.



35/56Masters Portfolio | MSc in Human Resource Managem

About the programme

Managing people - an organisation’s mostvaluable and often most costly resource - haslong been a key business challenge. Changingeconomic, financial, demographic and politicallandscapes mean that the practice of effectivehuman resource management (HRM) is constantlyevolving. The portfolio of HRM responsibilitieswithin organisations is growing with the need forbroader policies such as employee engagement,leadership development, reward managementor work-life balance. Our organisational studiesgroup’s expertise will position your Mastersat the forefront of research-led, practical

and theoretically informed education.

The MSc in Human Resource Managementwill give you the knowledge, understandingand key skills that are required by today’sHR professionals to enable you to effectivelycontribute to dynamic organisations.

The programme is designed to providea combination of courses that enablethe professional development of future HRmanagers. It draws upon the diverse andextensive research portfolios of members ofthe organisational studies group, and combinestheoretical and research insight with practicalskills. It also provides opportunities for theapplication of knowledge to real-life HR issues.

A strong academic base, passionate faculty andinternational cohort ensure a rewarding studentexperience in our city-centre campus. The School haswidespread industry links and students benefit fromexposure to a range of first class guest speakers.

Learning outcomes

If you take this programme you will:

- get an understanding of key terms, theories/concepts and practices within the fieldof human resource management

- identify and analyse problems in the field ofHRM and be able to provide innovative solutions

- be able to identify and appreciate the significanceof ethical issues in HR practices and themanagement of people in the workplace

- obtain the practical skills required bymanagers actively engaged in the strategicmanagement of people within organisations

- gain proficiency in communication skills,independent action and team working

- develop an ability to undertake qualitativeand quantitative research and apply thisknowledge in the context of an independentlyconstructed work (i.e. dissertation)

-


- Careers Advis

- Equality and

Diversity Offi

- HR Analyst

- HR Advisor

- HR Complian

Administrato

- HR Employee

Benefits Man

- HR Generalist

- HR Manager

- HR Rewards

- Personnel Ma

- Recruitment

- Reward Analy



36/56

Case Study

Sam Holland

MSc in HRM Graduate 2013

HR Officer - Recruitment and Talent Management at the OECD Paris

I’m from London and was proud to be

amongst the first cohort of students

studying for the MSc in Human Resource

Management As a new programme our

class was very small, 30 students in all

so it meant we got to know each other

very well. We also had a very diversepool of lecturers, all very enthusiastic

and experts in their subject areas. They

were all very keen teachers, not just

researchers and communicated well

and interacted with each other so that

the course content was joined up.

The facilities at the School are really

great. We didn’t need to use the other

University buildings as we have the

business school syndicate rooms for

group work and our own library ‘the

hub’ for coursework. There are also

computer labs and the café is great.

Because the building is new the

facilities are impressive and modern.

Edinburgh is very beautiful city

with historic architecture. There is

always something going on whether

theatre, festivals, concerts and of

course the Festivals in the summer.

I’d absolutely recommend the Business

School. It’s a very exciting place with an

international group of students with a lot

of different perspectives. The class sizes

are not so big so you are always able to

contribute and feel l ike you have your

own voice to offer. Also the variety of

modules and teaching methods on offer

makes it a very good all round package.

MSc in Human Resource ManagementProgramme Structure




› Human ResourceManagement in Context

› Organisational Behaviour

› Developing Skills for

Business Leadership

› Reward Management

› Methods of Research in HRM

› ManagingEmployment Relations


› Option course

› Option course

› Leadership in Organisations:Theory and Practice

› Performance Management

› Change Management

› Employment Law

› International and ComparativHuman Resource Manageme







37/56Masters Portfolio | MSc in Human Resource Managem

Application


business-school.ed.ac.uk/msc/humanresources

Fees



InductionAt the beginning of the programme there is acomprehensive induction week that provides anintroduction to the School, the programme andthe University. Designed to be both informativeand fun, it enables you to get acquainted withyour fellow students with whom you will bestudying for the duration of the programme.

Core courses

The MSc in Human Resource Managementfeatures six core courses. These are the foundationupon which the whole MSc is built. Four of these

are studied in Semester 1 and two in Semester2. Learning is achieved through lectures,set reading, exercises and case studies.

Option courses

This is your MSc. And this is where you tailor yourstudies towards your career interests. From arange of option courses, you have the opportunityto choose two. These options are reviewedevery year, ensuring that each option is of directrelevance to the needs of today’s businesses.

Assessment


Dissertation

The conclusion of the MSc brings all of the year’slearning together in a piece of work unique to eachstudent. Taking inspiration from the information andinsights you have gained, you agree the subjectmatter, in discussion with faculty, and set the researchagenda. The subject chosen should be viewed inlight of your own future career plans.

Through the extensive links the School and facultyhave with industry, we are able to provide anumber of students each year with an opportunityto base their dissertation on a specific ‘liveissue’ that a particular company is facing.


Bonus schemes and motivation

Diversity in the workplace - a case study

Earning vs learning - employee motivators

Executive pay and performance

The role of trade unions in the 21st Century

Forty years of equal opportunities policy

Evolution of HRM practice in China

Is the staff survey dead?

Impacts of extended retirementage on the private sector

Leveraging the employer brand toincrease employee engagement

Motivating knowledge workers

The cost of a bad hire and whyrecruitment best practice is vital

The workplace impact of changinginequality legislation

Role of reward and recognition in the public sector

Web-based recruitment

Work life balance and the implications for employers


- AEGON

Head of Strat

- Cairn Energy

Finance Direc

- International

Accounting

Standards Bo

Chairman

- KPMG

Director of

Corporate Fi- Lloyds TSB

CEO

- Lloyds Banki

Group Learn

Director

- Royal Bank

of Scotland

Head of HR

Shared Servi

- Royal Bank

of Scotland G

Head of Rew

Retail, Wealt

- Standard Life

Investments

Head of Soci

Responsible

Investing

- Scottish Inve

Operations

CEO

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Senior HR Ma

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MSc in International Businessand Emerging Markets

Emerging markets are developing increasingsignificance. They have become new players and

indeed driving forces in the dynamism of the global

economy. It is perhaps a fitting analogy for the

MSc student. We seek to transform the potential

of graduates, building on existing knowledge and

qualifications to create a powerful, personal blend

of practical knowledge and intuitive insight.

From Germany

Heiner Heck, a

2011 International

Business and

Emerging Markets

graduate standing

on the terrace of the

Informatics building

with the McEwan Hall

in the background.



39/56Masters Portfolio | MSc in International Business and Emerging Mar

About the programme

The MSc in International Business and EmergingMarkets will help you to understand how to dointernational business. It will especially helpyou do business from developing countriesand understand the particular challengesfaced. It will help you understand the particularchallenges faced in developing corporatestrategy, attracting foreign direct investment andworking in countries with very different cultures,institutions, laws and business practices.

If emerging markets are, by their very nature, ina state of flux, then already successful economies

are characterised by a different kind of dynamic.And as the pace of globalisation accelerates, theneed to understand the drivers of national andinternational economic and business successbecomes ever more acute. This gives graduatesof this MSc some very real career advantages.

The programme will suit those with a background inor experience of the commercial worlds. It is usefulfor students from emerging economies who wish tobring themselves up to speed with contemporarythinking in corporate strategy, including technology,financial management, business economics, andpublic policies dealing with pressing issues relatingto development in general. It is equally useful forstudents from already established economies seekingto understand how businesses can take advantage ofthe globalisation of the world economy and the rapiddevelopment of these new economic powerhouses.

Students on the programme come from all overthe world, looking for objective, in-depth insightsinto global business practice. The knowledgeyou’ll gather will help you develop a successfulcareer as a consultant, manager or analyst inthe broad arena of international business.

Students projects

As part of the MSc in International Business andEmerging Markets students are required to carry outa work-based project with a company that wishesto enter a new international market with a productor service. Our students are international in nature,many of them with work experience from emergingmarkets/developing countries. A project team,typically comprising four or five students supportedby our academic staff, will use quantitative andempirical research methods to examine the market.Teams have undertaken work on projects in Brazil,China, India, Poland, Nigeria and South Korea.Recent projects included the launch of a premium

drinks brand in Ethiopia, the market for power andcooling systems in Japan and South Korea andresearch into satellite antennae in India and Nigeria.

Learning outcomes

If you take this programme you will gain an:

- understanding of the key issues relating to thecompetitiveness of international business

- understanding of the key issues relating tointernational business from both a theoretical andbusiness perspective

- appreciation of the dynamism of individual nationsand especially emerging markets such as china,india and other transitional economies

- techniques and skills to work effectivelywith companies on specific internationalbusiness projects


- Accenture

- AEGON

- Baillie Gifford

- Banco de Bo

- Civil Service

- Deloitte LLP

- E.ON

- Ernst & Youn

- Goldman Sac

- JP Morgan

- Morgan Stan

- PriceWaterho

Coopers

- Royal Bank o

Scotland

- Standard Life

- UBS

business-school.ed.ac.

Business Masters

Documents

Transcript of Business Masters