Finance and International Relations, MA
Introduction
Finance and International Relations at Aberdeen brings the strong competitive advantage of your solid grounding in business, management and organisations in the wide context of world events. This programme will increase your understanding of how organisations, states and governments interact against a constantly changing global and economic scene. This will give you an added international dimension to your excellent career prospects.
Study Information
At a Glance
- Learning Mode
- On Campus Learning
- Degree Qualification
- MA
- Duration
- 48 months
- Study Mode
- Full Time
- Start Month
- September
- UCAS Code
- NLH2
In Finance, you will explore financial management, corporate and personal finance, financial institutions, derivatives and the stock market. You will analyse and evaluate financial problems and gain the practical skills to understand and use information from financial newspapers and documents. Your knowledge will grow in the dynamic, international environment of our Business School of over 40 nationalities, inspired by staff who are leaders in business practice and theory, in small classes with real-life scenarios. You will benefit from the input of employers and the support of dedicated careers advisers.
You will also benefit from professional training facilities, such as our Bloomberg finance lab, used by major financial services companies across the world and integrating real activity in financial markets directly into students’ courses.
International Relations will set this in the context of how organisations work, how states interact, what creates global wealth and poverty and why we have inequality and the ever-present concerns of conflict and peace. You will be taught by internationally renowned academics with strong track records in publishing international papers and articles and who appear regularly in the media, commenting on developing world events.
You will gain the perfect foundation to add international career possibilities to your appeal to employers in all sectors, adding to all business sectors with options in local and national government, politics, journalism and international development.
Aberdeen Global Scholarship
The University of Aberdeen is delighted to offer eligible self-funded international on-campus undergraduate students a £6,000 scholarship for every year of their programme.
View the Aberdeen Global ScholarshipWhat You'll Study
- Year 1
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Compulsory Courses
- Academic Writing for Business (AW1003)
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This compulsory evaluation is designed to find out if your academic writing is of a sufficient standard to enable you to succeed at university and, if you need it, to provide support to improve. It is completed on-line via MyAberdeen with clear instructions to guide you through it. If you pass the evaluation at the first assessment it will not take much of your time. If you do not, you will be provided with resources to help you improve. This evaluation does not carry credits but if you do not complete it this will be recorded on your degree transcript.
- Getting Started at the University of Aberdeen (PD1002)
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This course, which is prescribed for level 1 undergraduate students and articulating students who are in their first year at the University, is studied entirely online, is studied entirely online, takes approximately 2-3 hours to complete and can be taken in one sitting, or spread across the first 4 weeks of term.
Topics include University orientation overview, equality & diversity, MySkills, health, safety and cyber security, and academic integrity.Successful completion of this course will be recorded on your Transcript as ‘Achieved’.
- The Economics of Business and Society (EC1006)
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15 Credit Points
This course is an introductory course in microeconomics where we study the decision making of individual actors (consumers, employees, firms, governments, etc.) in an economy. Actors must make decisions about behaviours because they face scarce resources, but often they find that trading with other actors in markets can increase the wellbeing of all parties. This course models and examines the nature of these interactions, highlighting when they work well and when they fail to increase wellbeing and what might be the solution to these failures.
- Finance 1: Finance, Risk and Investment (FI1004)
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15 Credit Points
The module considers the nature and operation of investment markets, focusing on three asset classes; shares, bonds and real estate. It looks at the characteristics of these investment options in terms of their risks and returns. The module introduces basic financial mathematics: time value of money, calculation of present values and investment rates of return. Finally, it considers the role of financial institutions and regulatory bodies in personal finance, where consumers and financial markets interact.
- Politics & International Relations 1: Democracy and Governance (PI1018)
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15 Credit Points
Politics and International Relations impacts on all parts of our lives, with more specifically it being the study of ideas, events, institutions and choice. Studying these provides us with both knowledge of the world and also how it operates and functions. It also changes our perception of our surroundings and makes us aware of an ever changing global context. This course will introduce students to concepts and ideas that form the basis for the study of these disciplines while simultaneously also helping us understand our own place within a global context.
- Accounting and Entrepreneurship (AC1517)
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15 Credit Points
The course provides an understanding of how organisations, particularly small businesses, capture, create and use accounting information both to guide their own activities and to communicate their financial performance and financial position to parties external to themselves. It develops knowledge and understanding of accounting, accounting techniques and accounting information, so that students become informed users of accounting data and information, not creators of that data and information.
- The Global Economy (EC1506)
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15 Credit Points
This course is an introductory course in macroeconomics where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses. Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much?
- Politics & International Relations 2: Power and Conflict (PI1518)
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15 Credit Points
Politics is the study of multiple forms of power that impacts our lives and the world we live in. It shapes how people and groups cooperate or clash with each other. In this course, we will explore the ideas, institutions, complex histories, global dynamics, and systems that shape politics and international relations. Students will learn key concepts and theories of the discipline, and develop their skills in understanding and analysing global politics.
Optional Courses
Select a further 30 credit points from level 1 courses of choice.
- Year 2
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Compulsory Courses
- Finance 2: Business Finance (FI2004)
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15 Credit Points
The main aim of this course is to develop a sound understanding of fundamental principles underlying the theory and practice of finance, thereby providing a strong basis for further study of advanced finance theory and cognate disciplines. The course introduces students to important concepts in finance: principles of assets pricing, concept of risk and return, theory of interest rates and pricing fixed income securities, evaluation of investment project with a focus on embedded real options. It equips students with good analytical skills in order to understand the implications of financial decisions by understanding the fundamentals that govern them.
- Ideas and Ideologies in Politics and International Relations (PI2009)
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30 Credit Points
Ideas and ideologies are core to teaching, learning and research in Politics and International Relations. Theoretical developments are at the forefront of academic debates within the discipline, demonstrated by the appearance of a number of new approaches as more traditional theories have struggled to account for an ever changing world. This course will introduce students to these with profound questions and struggles over identity, belonging, justice and rights underpinning these theoretical debates.
- Financial Markets and Regulation (FI2501)
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15 Credit Points
This course provides students with an understanding of the financial system, primarily from a UK perspective, introducing students to the reasons for, and nature of, financial markets and institutions before moving on to explore the need and importance of financial regulation, and investigating the causes and consequences of the recent global financial crisis. The course will introduce students to a variety of topics including the role of wholesale and retail banks, non-bank financial institutions, the debt and equity markets, and the derivative markets; market efficiency, UK and international regulation, consumer protection and market abuse.
- Understanding Statistics (PO2508)
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15 Credit Points
This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics. The course is intended to enable students
i) To understand the principles of descriptive statistics, index construction, statistical inference, correlation, regression and time series analysis
ii) To apply statistical techniques to the analysis of accounting, business and economic issues and interpret findings
iii) To identify important sources of data in accounting, business and economics
- Global Politics: Equality and Inequality (PI2508)
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30 Credit Points
Equality and inequality are at the forefront of many debates within contemporary Politics and International Relations. This course will examine the historical context, theoretical underpinnings, and also key concepts which continue to uphold equality and inequality on a global scale.
- Building Skills and Experience for Career Success (PD2002)
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This course, which is designed for level 2 students and above, is studied entirely online. Topics include career planning, finding work experience and articulating your skills and experiences in applications and interviews. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’. The course takes approximately 5-6 hours to complete and can be taken in one sitting, or spread across a number of weeks.
Optional Courses
Select 15 credit points from courses of choice.
- Year 3
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Compulsory Courses
Researching in the 21st Century (PI3069)
- Applied Corporate Finance (FI3008)
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15 Credit Points
Applied Corporate Finance provides students with the knowledge about the fundamental theories and emerging issues in corporate finance. The course introduces the issues facing a corporate manager and equip students with the analytical skills necessary for evaluating corporate financial policies. Important issues covered by the course such as cost of capital, value of debt and its associated risks, leasing, credit risk analysis, management of working capital, will be explored from both theoretical and practical perspectives.
- Corporate Financial Theory (FI3009)
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15 Credit Points
This course is designed to equip students with a thorough understanding of corporate finance theory, enabling them to grasp the implications of corporate finance decisions comprehensively. It aims to deepen students' knowledge of the fundamental theories underpinning corporate finance while enhancing their intellectual capabilities. Through the course, students will gain insights into corporate financing choices and their interaction with financial markets, thereby solidifying their theoretical foundation for analysing and understanding corporate behaviour and performance.
Optional Courses
Students are required to undertake either International Finance Management (FI3503) or Advanced Corporate Finance (FI3505).
Plus one second-half session level 3 Politics and International Relations course.
Plus 30 credits from level 3 courses in Finance.
- Year 4
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Optional Courses
Select one of the following:
- Empirical Methods in Finance (FI4003)
- Financial Strategy and Investment Management (FI4002)
Select one of the following dissertation options:
Option 1
- Dissertation (International Relations) (IR4031)
- 30 credit points from level 4 Finance courses
- Plus one second-half session level 4 Politics and International Relations course.
Option 2
- Dissertation in Finance (FI4501)
- One first-half session level 4 Politics and International Relations course.
- Plus one second-half session level 4 Politics and International Relations course.
- Empirical Methods in Finance (FI4003)
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30 Credit Points
This course aims to provide an overview of quantitative methods needed to conduct empirical research in finance and financial economics. The course is intended to enable students
i) To develop knowledge and understanding of the theoretical practical approaches to quantitative methods in finance.
ii) To develop the practical quantitative skills to equip students for dissertations in finance and for on-going work in the finance area.
iii) To develop intellectual skills by understanding of the appropriate use of statistical techniques for various financial problems.
iv) To develop the ability to write extended research reports on original topics in finance
- Financial Strategy and Investment Management (FI4002)
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30 Credit Points
Covering the intellectually and commercially fertile ground at the accountancy/finance interface. Considering financial analysis from both theoretical and practical angles. Do you need to understand financial reporting to be an investor? How should we assess the success of an acquisition? Why do accountants think mergers don’t exist? How do companies decide on financing strategies? Does corporate governance and ethics really matter – do share prices react to it? These are some of the questions we will address alongside using DataStream and the ThomsonReuters Eikon system. The course might give you some ideas for your dissertation too.
- Dissertation (IR4031)
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30 Credit Points
This course affords students the opportunity to apply their knowledge/research skills in the field of Politics & International Relations to an individual piece of research, focusing on a topic selected by the student and approved by the Dissertation supervisor. Over the course of the project, with guidance from a supervising member of staff, the student will conduct a literature review of relevant material, select appropriate research methods, gather data where necessary, analyse data, and write a final analysis in the form of the Dissertation. Particular emphasis will be given to helping students develop their own skills.
- Dissertation in Finance (FI4501)
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30 Credit Points
All Accountancy and Finance students must undertake a dissertation. Students taking a joint degree may undertake the dissertation in either discipline, but not both. It is designed to show that you are able to:
Carry out a substantial piece of research on a chosen subject without close supervision
Critically analyse and evaluate work carried out by others
Reach your own conclusions based upon your analysis and evaluation of relevant evidence, whether this is prior research only or prior research coupled with your own research.
Write-up the results of your work in a clear, coherent and logical way.
We will endeavour to make all course options available. However, these may be subject to change - see our Student Terms and Conditions page. In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips.
How You'll Study
Learning Methods
- Individual Projects
- Lectures
- Research
- Tutorials
Assessment Methods
Students are assessed by any combination of three assessment methods:
- Coursework such as essays and reports completed throughout the course.
- Practical assessments of the skills and competencies they learn on the course.
- Written examinations at the end of each course.
The exact mix of these methods differs between subject areas, years of study and individual courses.
Honours projects are typically assessed on the basis of a written dissertation.
Why Study Finance and International Relations?
- An excellent teaching environment, committed to the needs of industry, which integrates research into teaching, enables transferable skills and develops intellectual skills on a range of contemporary financial problems.
- ACREEF (the Aberdeen Centre for Research in Energy Economics and Finance) headed by leading international petroleum economist Professor Alex Kemp, adviser to the Scottish Government.
- CELMR (the Centre for European Labour Market Research) leading research in education, skills and labour markets so topical today.
- Benefit from professional training facilities such as the Bloomberg finance lab which is used by major financial services companies across the world and integrating real activity in financial markets directly into our students’ courses.
- Analyse global issues, systems and trends from a variety of disciplinary perspectives.
- Gain a nuanced understanding of key concepts and paradigms that structure the disciplinary study international relations, and the theoretical and analytical tools to engage in debates about them.
- Learn from experts with specialisms in political parties and elections, democracy and democratisation, energy politics, European politics, integration and regionalism, human rights, interest groups, modernity and religion, international political economy, nationalism, conflict resolution, regional international relations and security studies.
- With a community of over 130 nationalities at the University of Aberdeen, students are immersed in an environment that enables international discourse creating truly global exchanges, generating deep insights that spark innovative change.
Entry Requirements
Qualifications
The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.
General Entry Requirements
- 2025 Entry
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SQA Highers
Standard: BBBB
Applicants who have achieved BBBB (or better), are encouraged to apply and will be considered. Good performance in additional Highers/ Advanced Highers may be required.
Minimum: BBC
Applicants who have achieved BBC at Higher and meet one of the widening participation criteria above are encouraged to apply and are guaranteed an unconditional offer for MA, BSc and BEng degrees.
Adjusted: BB
Applicants who have achieved BB at Higher, and who meet one of the widening participation criteria above are encouraged to apply and are guaranteed an adjusted conditional offer for MA, BSc and BEng degrees.
We would expect to issue a conditional offer asking for one additional C grade at Higher.
Foundation Apprenticeship: One FA is equivalent to a Higher at A. It cannot replace any required subjects.
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
A LEVELS
Standard: BBC
Minimum: BCC
Adjusted: CCC
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
International Baccalaureate
32 points, including 5, 5, 5 at HL.
Irish Leaving Certificate
5H with 3 at H2 AND 2 at H3.
PLEASE NOTE: National 5/ Standard Grade/ GCSE (or equivalent) in Mathematics / Applications of Mathematics is required in addition to the requirements noted above.
Entry from College
Advanced entry to this degree may be possible from some HNC/HND qualifications, please see www.abdn.ac.uk/study/articulation for more details.
The information displayed in this section shows a shortened summary of our entry requirements. For more information, or for full entry requirements for Arts and Social Sciences degrees, see our detailed entry requirements section.
English Language Requirements
To study for an Undergraduate degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently. The minimum requirements for this degree are as follows:
IELTS Academic:
OVERALL - 6.0 with: Listening - 5.5; Reading - 5.5; Speaking - 5.5; Writing - 6.0
TOEFL iBT:
OVERALL - 78 with: Listening - 17; Reading - 18; Speaking - 20; Writing - 21
PTE Academic:
OVERALL - 59 with: Listening - 59; Reading - 59; Speaking - 59; Writing - 59
Cambridge English B2 First, C1 Advanced or C2 Proficiency:
OVERALL - 169 with: Listening - 162; Reading - 162; Speaking - 162; Writing - 169
Read more about specific English Language requirements here.
Fees and Funding
You will be classified as one of the fee categories below.
| Fee category | Cost |
|---|---|
| EU / International students | |
| Tuition Fees for 2025/26 Academic Year | £20,800 |
| Tuition Fees for 2026/27 Academic Year | £20,800 |
| Tuition Fees for 2025/26 Academic Year (Self-funded Students *) | £14,800 |
| Tuition Fees for 2026/27 Academic Year (Self-funded Students *) | £14,800 |
| Home Students | |
| Tuition Fees for 2025/26 Academic Year | £1,820 |
| Tuition Fees for 2026/27 Academic Year | £1,820 |
| England, Wales, Northern Ireland, and Republic of Ireland | |
| Tuition Fees for 2025/26 Academic Year | £9,535 |
| Tuition Fees for 2026/27 Academic Year | £9,535 |
Scholarships and Funding
UK Scholarship
Students from England, Wales and Northern Ireland, who pay tuition fees may be eligible for specific scholarships allowing them to receive additional funding. These are designed to provide assistance to help students support themselves during their time at Aberdeen.
Aberdeen Global Scholarship
The University of Aberdeen is delighted to offer eligible self-funded international on-campus undergraduate students a £6,000 scholarship for every year of their programme. More about this funding opportunity.Funding Database
View all funding options in our Funding Database.
Careers
Finance graduates are highly in demand by employers globally, and a degree in Finance is applicable to a number of industries, giving you additional flexibility in your career choices. The skills you will develop in risk assessment, strategic decision-making, analytics, and more are in high demand with many employers.
The in-depth knowledge of contemporary world issues you will gain through studying international relations will also help position you to pursue a career with top employers in the UK and overseas. Previous graduates have gone on to work in sectors such as central and local government, diplomacy, foreign affairs, journalism, finance and banking, and beyond.
Career Opportunities
- Business Consultant
- Civil Servant
- Community Development Officer
- Data Consultant
- Economic Analyst
- Financial Manager
- Government Officer
- International Business and Organisations
- Non-Governmental Organisation Officer
Our Experts
Information About Staff Changes
You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. However, these may be subject to change - see our Student Terms and Conditions page.
Features
World-class facilities
We invest heavily in our facilities and learning resources, ensuring our students have access to everything they need to help them succeed in their studies - from the stunning Sir Duncan Rice Library, to Aberdeen Sport Village, and beyond.
Find out moreBloomberg Finance Lab
Utilise professional training facilities including the Bloomberg finance lab, used by major financial services companies across the world and integrating real activity in financial markets directly into our students’ courses.
Politics & International Relations Society
The student-led Politics and International Relations Society is one of the largest societies on campus. It's a place for students to come together and explore their curiosities with like-minded people, whilst having lots of fun!
Find out moreDiscover Uni
Discover Uni draws together comparable information in areas students have identified as important in making decisions about what and where to study. You can compare these and other data for different degree programmes in which you are interested.
Get in Touch
Contact Details
- Address
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Student Recruitment & Admissions
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX