Introduction
This degree is designed to provide students with an extensive knowledge and understanding of the world of Finance. In particular, the course explores relevant theory in the business world and how it is applied to the world of finance.
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
- N300
- Pathway Programme Available
- Undergraduate Foundation Programme

Students are exposed to the quantitative techniques used in industry to apply these theories in practice. They will be introduced to the fundamental theories of microeconomics, macroeconomics, corporate finance, asset pricing and also how the financial system functions before being introduced to specialist techniques, and advanced financial techniques such as investment, data analysis, derivatives pricing, treasury management, risk management and portfolio management.
Students will benefit both from having close links to employers and exposure to professional training facilities such as our trading floor which is used by major financial services companies across the world. This degree prepares students with the knowledge and skills required for a career in finance and graduates would expect to find employment in all sectors of the financial services industry, both in the UK and overseas, including financial institutions such as banks, insurance companies, pension funds, investment and unit trusts and roles such as a financial analyst, portfolio manager or risk management consultant and to enable them to succeed as a professional accountant.
What 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, takes approximately 5-6 hours to complete and can be taken in one sitting, or spread across a number of weeks.
Topics include orientation overview, equality and diversity, health, safety and cyber security and how to make the most of your time at university in relation to careers and employability.
Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’.
- Finance 1: Finance, Risk and Investment (FI1004)
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15 Credit Points
This foundation course in finance, risk and investment is the requisite for several degree programmes and for level 2 real estate and finance courses. 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.
- 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.
- Accounting and Entrepreneurship (AC1515)
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15 Credit Points
This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts. This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.
- 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?
Optional Courses
Plus 60 credits points from courses of choice, which may include up to 45 credit points from:
- Accounting and Accountability (AC1011)
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15 Credit Points
This course introduces the theoretical and contextual foundation of accounting. It does not involve any technical aspects of accounting or bookkeeping but provides an introduction to the political, economic, institutional, professional and managerial context of accounting. The main content includes:
- Socio-political and economic mechanisms of accountability; theories of accountability.
- Constitution of organisations and the role of accounting within organisations.
- Constitution of accounting as a business function: how accounting is organised within organisations.
- Constitution of Accountancy as a Profession: how accountancy is organised as a profession.
- Sustainability and accounting: how accounting is reorganised to address sustainability issues.
- Managing Organizations (MS1009)
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15 Credit Points
The aim of this course is to introduce students to the fundamentals of management, the internal structure and processes of organisations. Students will understand the main functions of management, what management is, what managers do and the factors that influence behaviour and performance of managers and other employees within an organisation.
The course will introduce a range of theories, research and real-life illustrations of a diverse range of management practices and organisational behaviour. The course will cover areas of: Staffing, Groups and Teams, Leadership and Management, Human Resource Management, Organisational Structure, Culture and Change, Communication, Marketing, Branding and Organisational Processes.
- International Context for Business 2 (IN1501)
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15 Credit Points
The purpose of this course is to introduce you to the external global context in which businesses operate. It explores the political, economic, sociocultural, technological, ethical and market influences on business. It also explores how businesses interact to the global environment through innovation, strategy, operations and marketing.
- 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.
- 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
Optional Courses
Plus further credit points from courses of choice to gain a total of 120 credits.
- Year 3
-
Compulsory Courses
- Finance 3: Corporate Finance (FI3004)
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30 Credit Points
This course introduces students to a number of areas of corporate finance including examining capital structure theory, project valuation models, the financing decisions of the firm, and corporate restructuring (including reorganisations and mergers and acquisitions). The main aim of the course is to equip students with good analytical skills in order to understand the implications of corporate financing decisions by understanding why companies behave the way they do with respect to financing choices and how this interacts with the real world financial markets, and to enable students to understand the theoretical underpinnings of corporate finance theory.
- International Financial Management (FI3503)
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30 Credit Points
Multinational corporations face a range of risks in an international setting, including exchange rate, political and financing risk. The course considers the complexities of financial management in these settings. It aims to develop students understanding and ability to apply finance theory to international financial management. This course will develop student skills in the analysis of issues including globalisation and the multinational corporation; foreign exchange markets and exchange rate determination; international capital markets, debt and banking; risk management and foreign currency derivative securities
Optional Courses
Plus 60 credit points from courses of choice.
- Year 4
-
Compulsory Courses
- 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.
- 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
- 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.
- Derivatives and Treasury Management (FI4503)
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30 Credit Points
The main aim of this course is to provide students with a thorough understanding of basic derivative contracts: options, forwards, futures, swaps, interest rate derivatives, written on a variety of underlying instruments. It will introduce students to essential areas in derivatives from both theoretical and practical perspective: the pricing mechanism of derivatives and mathematical derivation of Black-Scholes model, the derivatives trading, the organization and structure of derivatives markets. The course will equip students with good analytical skills in order to be able to incorporate derivatives into asset portfolio management, use them for hedging purposes, apply different derivatives trading strategies.
We will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Please see our InfoHub pages for further information.
How You'll Study
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; and
- 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.
Learning Methods
- Lectures
- Research
- Seminars
- 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; and
- 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?
• Aberdeen is the main European centre for the oil and gas industry, and international accountancy firms, multinational companies and financial services all have offices in the city
• Professional training facilities, including our virtual trading floor, integrating real activity in financial markets into our students’ courses
• 2nd best UK University for Accountancy and Finance (The Guardian University Guide 2023)
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
- 2023 Entry
-
SQA Highers
Standard: AABB
Applicants who have achieved AABB (or better), are encouraged to apply and will be considered. Good performance in additional Highers/ Advanced Highers may be required.
Minimum: BBB
Applicants who have achieved BBB (or are on course to achieve this by the end of S5) are encouraged to apply and will be considered. Good performance in additional Highers/Advanced Highers will normally be required.
Adjusted: BB
Applicants who have achieved BB, and who meet one of the widening participation criteria are encouraged to apply and will be considered. Good performance in additional Highers/Advanced Highers will be required.
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
A LEVELS
Standard: BBB
Minimum: BBC
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.
- 2024 Entry
-
SQA Highers
Standard: AABB
Applicants who have achieved AABB (or better), are encouraged to apply and will be considered. Good performance in additional Highers/ Advanced Highers may be required.
Minimum: BBB
Applicants who have achieved BBB (or are on course to achieve this by the end of S5) are encouraged to apply and will be considered. Good performance in additional Highers/Advanced Highers will normally be required.
Adjusted: BB
Applicants who achieve BB over S4 and S5 and who meet one of the widening access criteria are guaranteed a conditional offer. Good performance in additional Highers/Advanced Highers will be required.
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
A LEVELS
Standard: BBB
Minimum: BBC
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.
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.
International Applicants
International Applicants who do not meet the Entry Requirements
The University of Aberdeen International Study Centre offers preparation programmes for international students who do not meet the direct entry requirements for undergraduate study. Discover your foundation pathway here.
Fees and Funding
You will be classified as one of the fee categories below.
Fee category | Cost |
---|---|
RUK | £9,250 |
Tuition Fees for 2023/24 Academic Year | |
EU / International students | £20,800 |
Tuition Fees for 2023/24 Academic Year | |
Home Students | £1,820 |
Tuition Fees for 2023/24 Academic Year |
Scholarships and Funding
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.
International Applicants
Further Information about tuition fees and the cost of living in Aberdeen
Additional Fees
- In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
- For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our InfoHub Tuition Fees page.
Our Funding Database
View all funding options in our Funding Database.
Careers
- Financial Analyst
- Business Advisor
- Portfolio Manager
- Financial Manager
- Accounting Technician
- Economist
Our Experts
- Programme Leader
- Dr Laura McCann
Information About Staff Changes
You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Staff changes will occur from time to time; please see our InfoHub pages for further information.
Discover Uni
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Get in Touch
Contact Details
- Address
-
Student Recruitment & Admissions
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX