Final-12-0928-MSc-AccFinance-brochure.pdf

8/10/2019 Final-12-0928-MSc-AccFinance-brochure.pdf

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MSc Accountingand Finance

Departmentof Accounting


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The MSc Accounting and Financeprogramme provides a comprehensiveand rigorous treatment of key areas of

accounting and finance. Throughresearch-led teaching by acknowledgedexperts in their fields, the programmebrings students to the forefront of theoryand practice in relevant and topical areas.

The programme is structured so thatstudents can specialise through theappropriate choice of courses offered bythe Department of Accounting and theDepartment of Finance. Pathways areavailable for specialisation in Accountingand Financial Management; Finance;and International Accounting andFinance. Given the high level ofacademic performance expected fromstudents, a significant amount ofindependent study and preparationis required to get the most out ofthe programme.

The MSc Accounting and Finance ishoused within the Department ofAccounting. The Department is widelyrecognised throughout Europe for itsexcellence in accounting and financialmanagement research and education,and for its leading role in public policyissues. It is one of the most highly-rateddepartments in the subject area in theUK. The Department of Accounting has

24 full-time academic staff, undertakingteaching and research across abroad range of theoretical, empiricaland applied issues. The interfacebetween accounting and managers,organisations, institutions, public policyand regulatory bodies is a particularteaching and research strength ofthe Department. The Department ofFinance, which has 25 full-timeacademic staff members, is devotedto excellence in teaching and researchacross the full range of subfields infinance. The two Departments benefitfrom affiliations with two major researchcentres located at LSE, the Financial

Markets Group and the Centre forAnalysis of Risk and Regulation.

Located in Central London, the LondonSchool of Economics and PoliticalScience is a world class social scienceinstitution, attracting some of the bestresearchers and teachers in theirrespective fields, and providing achallenging environment for highlycapable students. The dynamicintellectual environment of LSEfacilitates a constant interchangeof ideas between the School andmajor financial institutions, leadingmultinational organisations and keyregulatory bodies. LSE also houses theBritish Library of Political and EconomicScience, the largest social scienceslibrary in the world.

DurationThe MSc Accounting and Financeprogramme takes place over nine months,beginning with an introductory course toreview quantitative methods and relevantaccounting concepts and techniques.

Programme structureStudents must successfully complete theequivalent of four full-unit courses tomeet the requirements of the MScAccounting and Finance. Results fromeach of the full-unit courses carryproportionate and equal weight in thefinal assessment of the degree.Compulsory core courses in accountingand finance provide the foundation fordeveloping an understanding of avariety of topics, themes and coreprinciples. Students can then select froma combination of optional full and half-unit courses in specific areas ofaccounting and finance to fit theirinterests and preferred specialisation.Options from outside the twoDepartments are also available.

Programme specialisationSpecialisation options are available forthis programme to reflect the interests ofthe students, and to highlight the focusof their studies. On graduation, thespecialisation is noted on studentsdegree certificates. For all specialisationoptions, students must take compulsorycore courses in accounting and finance,plus additional courses to make up four

full units as specified below:

Option 1MSc Accounting and FinanceAny choice of approved options to thevalue of two full units.

Option 2MSc Accounting and Finance:International Accounting and FinanceIf you take Accounting in the GlobalEconomy and International Financeas Paper 3, you can elect to havethis specialisation shown on your

degree certificate.

Option 3MSc Accounting andFinance: Accounting and FinancialManagementOptions selected must include FinancialReporting in Capital Markets andManagement Accounting, Strategyand Organisational Control (whicheveris not taken as one of the compulsorycourses), and further approved coursesto the value of one full unit.

Option 4MSc Accounting andFinance: FinanceOptions selectedmust include two full-unit equivalent

courses in the finance area.

Teaching styleCourses are taught in lecture and classor seminar format. Lectures introducethe core theoretical and technicalconcepts whilst their associated classesallow students to discuss and applythese concepts through exercises andin-depth study. Seminars allow for thefocused study of key concepts in amore informal style and often involvepresentations by students on selectedcourse materials. Many teachers adopta variety of teaching methods to delivertheir courses such as class exercises,

team presentations, individual or groupwork, or case study discussions.

The programmeProgramme timetable

Paper Michaelmas Term Lent Term Summer Term

1 Corporate Finance and Asset Markets (F)orAsset Markets (H)andCorporate Finance (H)

oranother approved paper

2 Management Accounting, Strategy and Organisational Control (F)

orFinancial Reporting in Capital Markets (F)

ora combination of Accounting, Strategy and Control (H) andFinancial

Reporting, Capital Markets and Business Combinations (H)

3 and 4 Financial Reporting in Capital Markets (F)

Management Accounting, Strategy and Organisational Control (F)

Financial Risk Analysis (H) Forecasting Financial Time Series (H)

Accounting, Strategy and Control (H) Accountability, Organisations and

Risk Management (H)

Financial Reporting, Capital Markets and Fixed Income Markets (H)

Business Combinations (H)

Quantitative Methods for Finance and Applied Corporate Finance (H)

Risk Analysis (H)

Global Financial System (H) Derivatives (H)

Accounting in the Global Economy (H) Valuation and Security Analysis (H)

Portfolio Management (H)

Corporate Finance Theory (H)

International Finance (H)

(F) = full-unit course; (H) = half-unit course

Elective options may vary

Revision

Lectures

Examination

Preparation

Examinations


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The applicationThe application processApplicants for the MSc Accountingand Finance programme should haveprior academic courses in financialreporting, management accounting,finance, economics and quantitativemethods. Strong candidates who do

not have the appropriate backgroundin one or more of these areas may berequired to take additional coursesbefore being accepted.

Minimum entry requirements are agood upper second class honoursdegree from a UK University orequivalent from an overseasUniversity. GMAT is required for allstudents without a UK undergraduatedegree. The GMAT is alsorecommended for all students withUK undergraduate degrees,particularly those whose quantitativeskills are not demonstrated by their

undergraduate studies. Under veryexceptional circumstances, waiver ofthe GMAT may be considered. AGMAT waiver request form isavailable from the GraduateAdmissions website:lse.ac.uk/collections/graduateadmissions

Applicants for whom English is asecond language, or those who havenot studied to degree level in English,should provide evidence of theircommand of the language. For theMSc Accounting and Financeprogramme, this would be a minimum

of 7.0 in IELTS (at least 6.0 in eachsection) or 107 in the internet-basedTOEFL (at least 21 in writing, and 20in the other three elements).

Once an application has beensubmitted, candidates can keep up todate with its progress online by visiting:lse.ac.uk/collections/graduateAdmissions/apply/trackYourApplication.htm

Admissions decisions are made on thebasis of academic merit, theachievement of a diverse group ofstrongly qualified candidates on theprogramme and the number of places

available. Early application is stronglyrecommended.

Given the high competition for placeson this programme, applicants whoindicate an interest in the MScAccounting and Finance specifically astheir first choice will maximise their

prospect of admission to theprogramme. Equally, candidatesshould note the differentiatednature of the graduate programmesin the Department of Accounting,and are advised to identify their firstchoice accordingly.

Funding your studiesThe School has a variety of namedscholarships and other forms ofsupport available, administered bythe Financial Support Office.Applicants can find out more aboutthese from the Financial SupportOffice website:lse.ac.uk/Financialsupportoffice

The application process for mastersprogrammes is managed by theGraduate School at LSE. Allcorrespondence relating to offers andregistrations should be directed to the

Graduate Admissions Office at theGraduate School whichcan be contacted as follows:

Graduate Admissions OfficePO Box 13420Houghton StreetLondon WC2A 2AROnline enquiries:lse.ac.uk/collections/graduateAdmissionstel: +44 (0)20 7955 7160

I joined the MSc in Accounting and Finance with high expectations, and LSEcertainly delivered! The combination of professors that are world-leadingresearchers within the fields they lecture, combined with a multi-cultural andtalented student mass, brings the learning experience up to a whole new level.The programme gave me a deep understanding of the world of accountingand finance, great career prospects and friends for life.

Petter Helstrom, Class of 2011


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The students

The departmentDepartmental facilitiesBoth the Department of Accounting andthe Department of Finance each have aStudent Information Centre to serve asa central point for enquiries and for the

distribution of relevant course materialssuch as lecture notes, handouts andclass exercises.

Study space is continually beingrefurbished and enhanced throughoutthe School. The two departmentsprovide study rooms for graduatestudents which include computer accessand network points for laptops.

Computer facilities are also providedthrough the Schools IT ServicesDepartment and students have accessto free IT training for the core softwarepackages they will need to use during

their studies.

Useful links for furtherinformation

Graduate School(lse.ac.uk/programmesandcourses/graduate)

For online applications and furtherinformation on studying at LSE.

Careers Office(lse.ac.uk/careers)For further details on graduateemployment opportunities, internshipsand vacation work.

Financial Support Office(lse.ac.uk/financialsupportoffice)For information on scholarships andapplying for financial support.

Department of Accounting(lse.ac.uk/accounting)For further information on the

programmes, faculty and activities ofthe Department of Accounting.

Department of Finance website(lse.ac.uk/finance)For further information on theprogrammes, faculty and activities ofthe Department of Finance.

For further information on thisprogramme, contact:MSc Accounting and FinanceProgramme ManagerDepartment of AccountingHoughton StreetLondon WC2A 2AETel: +44 (0)20 7852 3780Email: [email protected]

Other graduate programmes availablein the Department of Accounting:

Diploma in Accounting and Finance

MSc Accounting, Organisations

and InstitutionsPhD in Accounting

Student profiles

International diversity of both faculty andstudents is a key feature of studying atLSE and in the Department of Accountingwhich offers the MSc Accounting andFinance degree. In addition to facultyfrom around the world, the MScAccounting and Finance programmeattracts students from more than 70countries, many from continental Europe,South Asia and the Far East. Femalestudents are well represented, making upclose to 50 per cent of MSc Accountingand Finance student body in recent years.

Profile of registeredstudents 2012-13

GMAT range: 560-780

Average GMAT score: 689

Average Age: 23 yrs

Age Range: 20-37

Registrations to applications: 13.1%

CareersStudents who successfully complete theMSc Accounting and Finance programmepursue careers across a wide range ofsectors, in financial institutions, accountingfirms, management consulting, industry,

government and academia.

Companies who have employed recent

graduates from the MSc Accounting andFinance programme include ABN Amro,Allied Irish Bank, Bain & Company,Barclays Capital, Citigroup, CSFB,Deloitte, Ernst & Young, FSA, GoldmanSachs, JP Morgan, Merrill Lynch, MorganStanley, PricewaterhouseCoopers, andSchroder Salomon Smith Barney. Manyleading organisations make careerspresentations at the School duringthe year.

LSEs Careers Service has a wide rangeof resources available to assist studentsin their job search. Staff at the Careers

Service are available to help studentswith their research into potential

employers, completing application

forms, writing a curriculum vitae (CV)and covering letters. The CareersService also organises and publiciseson-campus recruitment events held byemployers. It has set up a range ofonline resources to provide studentswith access to careers-relatedinformation and to link studentswith potential employers.

Age Range*Country

of Origin*

* Data for registered MSc Accounting and Finance students 2010-11 to 2012-13

36+ years 0.2%

31-35 years 0.8%

26-30 years12%

20-25 years 81%

UK 5.7%

Other 14%

Africa 3.2%

N. America 9.4%

Rest of Europe36.6%

Asia 31.1%

Final-12-0928-MSc-AccFinance-brochure.pdf

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