Introduction

The MA (four years) and the MBus (five years) in International Business are designed to develop the leaders of the future. They provide students with a broad understanding of International Business and are designed to equip you to be successful, with an exceptional knowledge and understanding of both its operations and its economic, political and social context.

This programme is studied on campus.

The University of Aberdeen draws on both ancient heritage and globally-recognised excellence in research and teaching to challenge students academically and to connect them with the world of practice. Students will have the opportunity to include the study of a language throughout the programme, whether or not they have any prior knowledge of the language. Periods of study or internships abroad are integral parts of these programmes.

The programmes provides a broadly-based education in International Business through a four year programme. Students will take part in specialist courses in International Business can specialise in at least one of the following; economics, real estate, accounting, finance and business management. The programmes are designed to develop the international business leaders of the future.

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Key Programme Information

At a Glance

Learning Mode
On Campus Learning
Degree Qualification
MA
Duration
48 months
Study Mode
Full Time
Start Month
September
UCAS Code
N120

What You'll Study

This programme is designed to equip you to be successful in International Business, with an exceptional knowledge and understanding of both its operations and its economic, political and social context. It will deliver a learning experience that provides students with confidence and the trajectory to add value to employers immediately on graduating.

Year 1

Year 1

Compulsory Courses

Academic Writing for Business (AW1003)

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.

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Professional Skills Part 1 (PD1001)

This course, which is prescribed for level 1 students and optional for level 2 students, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year.

This course, which is prescribed for level 1 students and optional for level 2 students and above, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year

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International Context for Business 1 (IN1001) - 15 Credit Points

This course investigates the big issues and key questions facing international business in a global economy and seeks explanations using a variety of real world tools, models and concepts. Issues covered include technology and automation, innovation and the networked economy, scarcity and choice, globalisation, inequality, the firm (its owners, managers, employees and customers), markets and public policy, financial instability and environmental issues.

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International Context for Business 2 (IN1501) - 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.

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Optional Courses

Accountancy specialism:

  • AC 1011 Accounting and Accountability
  • EC 1006 Economics for Business and Society
  • AC 1515 Accounting and Entrepreneurship
  • EC 1506 The Global Economy
  • Select Modern Language Option or 30 credit points from courses of choice

Economics specialism:

  • EC 1006 Economics for Business and Society
  • EC 1506 The Global Economy
  • Select Modern Language Option and 30 credit points from courses of choice OR Select 60 credit points from courses of choice

Finance specialism:

  • FI 1004 Finance 1: Finance, Risk and Investment
  • EC 1006 Economics for Business and Society
  • AC 1515 Accounting and Entrepreneurship
  • EC 1506 The Global Economy
  • Select Modern Language Option or 30 credit points from courses of choice

Real Estate specialism:

  • FI 1004 Finance 1: Finance, Risk and Investment
  • EC 1006 Economics for Business and Society
  • PO 1504 Understanding Property
  • EC 1506 The Global Economy
  • Select Modern Language Option or 30 credit points from courses of choice
Accounting and Accountability (AC1011) - 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.

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The Economics of Business and Society (EC1006) - 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.

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Finance 1: Finance, Risk and Investment (FI1004) - 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.

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Accounting and Entrepreneurship (AC1515) - 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.

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The Global Economy (EC1506) - 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?

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Understanding Property (PO1504) - 15 Credit Points

This course introduces students to the world of the built environment, professional surveying practice and the construction industry. The first section of the course discusses the different types and characteristics of property in the UK and the different legal interests that can exist in property, why people invest in property and why and how property is developed; the second section focuses on the design and construction of buildings, the identification of defects as well their impact on the environment and relevant sustainability issues.

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Year 2

Year 2

Compulsory Courses

Prescribed courses for this programme are:

IN2001 International Business Operations and Finance 1

IN2501 International Business Operations and Finance 2

Optional Courses

In addition to the above, students must complete 60 credits from one of the specialisms below, and then 30 credits from courses of their choice.

Intermediate Microeconomics (EC2003) - 30 Credit Points

This course builds on and is a natural extension of EC 1006. By examining in a more rigorous way concepts introduced in EC 1006 students will develop further their analytical skills and they will obtain a better understanding of consumers and producers behaviour, market structure as well as the effectiveness of economic policy. The course is designed to appeal to all students interested in economics. This includes students who may wish not to enter into any further studies of economics, as well as students who may wish to continue studying economics at the honours level.

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Personal Investment (FI2001) - 15 Credit Points

The objective of the course is to introduce the concept of personal financial management. This is done by developing financial awareness and capability in evaluating contemporary products of the financial services industry through an understanding of the industry's institutions, regulation, marketing and products. The aim is to give students the knowledge that they need to make long term decisions about their own and other people's finances that will increase life-time wealth. They will also learn about the role of the financial advisor and the qualifications required both from the perspective of a consumer and as a potential career option.

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Finance 2: Business Finance (FI2004) - 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.

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Land and Property Economics (PO2009) - 15 Credit Points

The course will facilitate greater understanding of real estate and land markets and of the linkages between supply, demand and price. It will provide explanations of market behaviour and discuss activity patterns and outcomes with reference to specific property markets. Students will gain an understanding of the institutions that govern land use and real estate transactions and will develop skills to identify and interpret property market data in order to analyze market sectors and property types. Students will also make critical economic assessments of land use and planning policy and the methods of policy delivery.

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Land and Property Law (PO2010) - 15 Credit Points

This course considers the different legal relationships which can exist in Scotland with regard to rights in land and to outline the implications of these relationships.

This course is intended to enable participants:

  • To understand the place of land tenure in society.
  • To explain the concept of ownership and its implications in Scotland.
  • To describe the principal forms of subordinate right that can be carved out of land ownership in Scotland.
  • To identify and explain the principal restrictions on land ownership in Scotland.

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Intermediate Macroeconomics (EC2503) - 30 Credit Points

This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.

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Financial Markets and Regulation (FI2501) - 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.

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Year 3

Year 3

Compulsory Courses

Prescribed courses for this programme are:

  • IN3001 Being an International Manager 1
  • IN3501 Being an International Manager 2

Optional Courses

In addition to the above, students must complete 60 credits from one of the specialisms below, and then 30 credits from level 3 courses of their choice.

Financial Accounting 3 (AC3049) - 15 Credit Points

This course builds upon the material in Financial Accounting 2. The aim of the course is to strengthen practical and analytical accounting skills through the study of accounting problems and to develop the ability to critically appraise conventional accounting practice through an understanding of alternative accounting theories and their application to topical issues in financial accounting.

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Management Accounting 3 (AC3054) - 15 Credit Points

Building upon the material in Management Accounting 2, the course examines in greater detail behavioural, managerial, and strategic aspects of management accounting and management control. The course content includes management accounting issues pertaining to:

  • Strategic management accounting
  • Operational management issues including quality management
  • Performance evaluation and management systems
  • Management control systems, and
  • Advance decision making techniques such as decision-trees, learning curves and project evaluation and review techniques

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Finance 3: Corporate Finance (FI3004) - 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.

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Applied Valuation (PO3006) - 30 Credit Points

This course applies the principles of valuation taught at level 2 to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation. Numeracy and analytical skills are further developed along with expertise in the use of Excel. In addition, the course also covers professional surveying practice, including ethics, and stimulates students to consider their career path by requiring students to prepare a CV and prepare for a mock interview.

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Auditing (AC3557) - 30 Credit Points

The objective of the course is to allow students to develop an understanding of financial statement audit processes and the role of auditors in society. Students will gain an understanding of the history, and legal and professional frameworks within which audit operates. They will gain an appreciation of audit techniques , the role of judgment and ethical requirements and will explore current developments in the profession. There is regular interaction with local accountancy firms. The course requires a high degree of personal study and students will be required to prepare individual and group presentations which are key audit skills.

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Advanced Corporate Finance (FI3505) - 30 Credit Points

This course aims to build upon FI3001/FI3004 Corporate Finance to develop an advanced understanding of the ideas necessary to analyse the firm’s financing decisions with regards to capital structure, debt and equity issuance, financial distress, corporate restructuring and develop an appreciation of current topical issues in corporate financing behaviour. The class is based mainly on academic research articles that have influenced and directed current understanding in corporate financial and investment theory and policy.

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Year 4

Year 4

Compulsory Courses

Prescribed courses for this programme are:

  • IN4001 Contemporary Issues in International Business 1
  • IN4501 Contemporary Issues in International Business 2

Optional Courses

In addition to the above, students must complete 60 level 3 or 4 credits from one of the specialisms below, and then 30 credits from courses of their choice.

Accounting Theory (AC4033) - 30 Credit Points

This course aims to introduce students to a number of theories of accountancy that view accounting practices from a range of economic,

sociological and political perspectives. Theories behind both mandatory accounting & disclosures and voluntary disclosures (such as social and environmental accounting and disclosures) will be covered in this course. The key learning outcomes of this course are to enhance knowledge and understanding of normative, positive and critical theories of accounting. After successful completion of this course, students are expected to gain skills of developing and presenting critical arguments associated with the motivations for accounting and reporting practices.

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Financial Strategy and Investment Management (FI4002) - 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.

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Empirical Methods in Finance (FI4003) - 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

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Real Estate Portfolio Investment (PO4007) - 30 Credit Points

The course introduces students to concepts of portfolio management and recent developments regarding real estate investment vehicles. The course takes a financial economics viewpoint and places real estate investments within this context. The course covers such important aspects as securitization of initially illiquid real estate assets, the management of building portfolios and the use of index swap contracts for risk management purposes. The course discusses also real option theory and applies it to land development and the pricing of lease contracts.

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Real Estate Dissertation (PO4006) - 30 Credit Points

The dissertation can be a rewarding, interesting and challenging exercise, with a process that differs from taught courses. With self-directed study, you are introduced to the process of independent research starting with finding a topic that is both academically interesting and can be covered in the given time frame. In addition to utilising skills acquired during previous years of study, it is an opportunity to develop new skills useful for future employment, such as writing reports. Your dissertation will be judged on evidence of competence in independent research. The greater the degree of competence, the higher the mark awarded.

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Dissertation in Accountancy (AC4528) - 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.

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Economics Dissertation (EC4526) - 30 Credit Points

The dissertation presents students with the opportunity to apply their knowledge and research skills of Economics to an individual piece of research, focusing on a topic which has been chosen by the student and approved by the Dissertation coordinator and Dissertation supervisor. Over the course of the Dissertation, with guidance from the supervisor, the student will study a particular topic, conduct a literature review of relevant material, select appropriate theoretical and/or empirical methods to address the topic and write a final analysis in the form of the Dissertation of up to 10,000 words.

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Dissertation in Finance (FI4501) - 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.

View detailed information about this course

Real Estate Dissertation (PO4506) - 30 Credit Points

The dissertation can be a rewarding, interesting and challenging exercise, with a process that differs from taught courses. With self-directed study, you are introduced to the process of independent research starting with finding a topic that is both academically interesting and can be covered in the given time frame. In addition to utilising skills acquired during previous years of study, it is an opportunity to develop new skills useful for future employment, such as writing reports. Your dissertation will be judged on evidence of competence in independent research. The greater the degree of competence, the higher the mark awarded.

View detailed information about this course

Housing Economics (PO4508) - 30 Credit Points

Housing is a necessity and of interest to economists, policymakers, and investors alike. In this course, students will gain an understanding of the micro and macro-economic dimensions of housing markets. The course will also discuss the many different ways in which governments intervene in housing markets, such as land use regulation, rental law, and social housing support. The positive and normative aspects of these interventions will be discussed. The course has a comparative perspective throughout and discusses housing markets, regulation, and outcomes at hand of the UK, the US and Germany.

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Course Availability

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

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 International Business?

  • You will gain exceptional knowledge and understanding of international business, both its operations and its economic, political and social contexts
  • We deliver a learning experience that provides students with confidence and will enable you to add value quickly to employers
  • We draw on both our ancient heritage and globally-recognised excellence in teaching and research, to challenge students academically and to connect them with the world of practice
  • You will have the option to study a modern language throughout the programme
  • 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.
  • A Business Management programme which perfectly balances theory and practical work, with strong links to local and global businesses giving you cutting-edge insights in to the subject.

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

2018 Entry
2019 Entry

SQA Highers - AABB

A Levels - BBB

IB - 32 points, including 5, 5, 5 at HL

ILC - 5H with 3 at H2 AND 2 at H3 OR AAABB, obtained in a single sitting. (B must be at B2 or above)

SQA Highers

Standard Offer: AABB - BBB
Applicants who have achieved between AABB - BBB are encouraged to apply and will be considered. Good performance in additional Highers / Advanced Highers may be required in order to receive an offer of admission.

Adjusted / Access Threshold: BB (or below)
Applicants who have achieved BB, and who meet one or more Widening Participation criteria, are encouraged to apply and will be considered. Good performance in additional Highers / Advanced Highers will be required in order to receive an offer of admission.

More information on our definition of Standard, Adjusted and Access Threshold entry qualifications.

A LEVELS

Standard offer: BBB

Adjusted / Access Threshold: BB (or below)

More information on our definition of Standard, Adjusted and Access Threshold entry qualifications.

International Baccalaureate

32 points, including 5, 5, 5 at HL.

Irish Leaving Certificate

5H with 3 at H2 AND 2 at H3 OR AAABB, obtained in a single sitting. (B must be at B2 or above)


Further detailed entry requirements for Arts and Social Sciences degrees.

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 - 54 with: Listening - 51; Reading - 51; Speaking - 51; Writing - 54

Cambridge English Advanced & 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 Waiver

For international students (all non-EU students) the tuition fee charged upon entry will apply to all years of study; however, most international students will be eligible for a fee waiver in their final year via the International Undergraduate Scholarship.

Most RUK students (England, Wales and Northern Ireland) on a four year honours degree will be eligible for a full-fees waiver in their final year. Scholarships and other sources of funding are also available.

Fee information
Fee category Cost
Home / EU £1,820
All Students
RUK £9,250
Students Admitted in 2019/20
International Students £15,300
Students Admitted in 2019/20

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

  • Management Consultant
  • Sales Manager
  • International Trader
  • Business Development Manager
  • Strategy Analyst
  • International Recruitment Consultant

Accreditation

The Accountancy specialism is not accredited by the accountancy professional bodies.

Our Experts

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.

Features

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Sir Duncan Rice Library

Sir Duncan Rice Library

The University’s award winning Sir Duncan Rice Library is listed in the “Top 20 spellbinding University libraries in the World”. It contains over a million volumes, more than 300,000 e-books and 21,000 journals.

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Unistats

Unistats 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.

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Contact Details

Address
Student Recruitment & Admissions Service
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX