Introduction

Business Management and Finance at Aberdeen gives you the ideal springboard to a brilliant career in any area and size of business or public sector organisation. You will learn how management and organisations function in a fast-moving environment and how market influences are driven by global, regional and local economy.

This programme is studied on campus.

In Business Management, you will gain a wide perspective and thorough grounding in all areas of business, including skills in accountancy and statistics. Your knowledge will develop in a dynamic learning and research environment, inspired by staff who are leaders in the fields of business, financial markets, corporate finance, and organisational change.

In Finance, you will learn about crucial areas such as financial management, corporate finance, personal finance, financial institutions, derivatives and the stock market. You will develop intellectual skills by analysing and evaluating financial problems and the practical skills to understand and use information from financial newspapers and documents.

You will benefit from professional training facilities, such as our virtual Thomson Reuters Eikon trading floor, used by major financial services companies across the world, integrating real activity in financial markets directly into students’ courses.

You will thrive in the international, dynamic environment of our Business School of 45 nationalities creating a truly global experience. You will have the support of outstanding teaching staff and dedicated careers advisers to help you add value to your degree with the skills and attributes sought by employers from large multinational blue-chips to small and medium-sized enterprises in all sectors of business.

Degree marketing image

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
NN32

What You'll Study

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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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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Managing Organizations (MS1009) - 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.

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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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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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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

View detailed information about this course

Optional Courses

  • Select a further 30 credit points from courses of choice.

Year 2

Year 2

Compulsory Courses

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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Managing Customers and Markets (MS2005) - 30 Credit Points

This course provides students with an overview of the underpinning concepts of marketing, and the requirements for the development of a market oriented organisation. Specifically introduces the basic concepts of buyer behaviour, market research, the marketing mix and the strategic context of marketing. The linkages between marketing and other key functional areas of management, notably operations and human resource management are highlighted by this course, encouraging the adoption of a systems perspective.

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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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Operations Management (MS2511) - 15 Credit Points

Operations is the part of management that considers processes rather than people and focuses on the organisation rather than its environment.

We study processes and process types: when we produce goods or provide services through projects, jobs, batches or by mass production or mass services. We study layout–how facilities are arranged–, capacity and inventory–how much we can make and when to store–, supply chains, project management, quality and improvement.

The course considers theories such as lean and just-in-time but also practice. You will need a calculator besides the ability to write reports.

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Understanding Statistics (PO2508) - 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

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Optional Courses

  • Select a further 15 credit points from courses of choice.

Year 3

Year 3

Compulsory Courses

International Financial Management (FI3503)
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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Optional Courses

  • Select Research Methods for Business (MS3553) where selecting a dissertation in Business Management
  • Select further credit points from Business Management Honours courses to gain 60 credits in this discipline.
Research Methods for Business (MS3553) - 30 Credit Points

This course introduces students to what is involved in undertaking research into business phenomena. It introduces philosophical issues in the theory of knowledge, ethical issues in research conduct, and considers quantitative and qualitative methods in turn, addressing issues in sampling and design, details of specific approaches, and considerations in data analysis. The course is taught through weekly lectures and an extended two hour tutorial every fortnight, with two pieces of coursework and a two hour written exam. The emphasis throughout is on understanding the conceptual underpinning of different methods, and their strengths and limitations in research.

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Year 4

Year 4

Optional Courses

One of the following:

Option 1

  • Empirical Methods in Finance (FI4003) or Financial Strategy and Investment Management (FI4002)
  • Dissertation in Finance (FI4501) and Business Strategy (MS4536)
  • Select further credit points from Business Management and Finance level 4 courses to gain 60 credits in each discipline.

Option 2

  • Empirical Methods in Finance (FI4003) or Financial Strategy and Investment Management (FI4002)
  • Dissertation in Management Studies (MS4540)
  • Select further credit points from Business Management and Finance level 4 courses to gain 60 credits in each discipline.
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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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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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.

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Business Strategy (MS4536) - 30 Credit Points

This course is about business strategy and covers a broad range of topics that come under the general heading of “Business Strategy” or “Strategic Management”. The course has been designed to help you gain an understanding of the key areas of strategic management including an understanding of: what strategic management is and why it is important; the different types of strategic analysis tools available; the difference between corporate, business and functional strategy; the complex issues associated with the implementation of strategy; the concept of strategic fit; and the role for strategic leadership in shaping and implementing strategy.

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Business Management Dissertation (MS4540) - 30 Credit Points

Students in this course conduct independent research under the guidance of a supervisor. They can select their own dissertation topic or choose one of a range of topics offered by staff within Management Studies. Students undertake a qualitative and/or quantitative piece of empirical research and produce a dissertation at the end of the process. This course provides them with an opportunity to develop a range of generic and research-specific skills including critical thinking, argumentation, writing, time management, review of literature, research design, and data analysis.

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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

  • 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.

Further Information

View detailed learning and assessment information for this programme

How the programme is taught

The typical time spent in scheduled learning activities (lectures, tutorials, seminars, practicals), independent self-study or placement is shown for each year of the programme based on the most popular course choices selected by students.

How the programme is assessed

The typical percentage of assessment methods broken down by written examination, coursework or practical exams is shown for each year of the programme based on the most popular course choices selected by students.

Year 1

Learning Method
scheduled: 24%
independent: 76%
placement: 0%
Assessment
written: 68%
coursework: 32%
practical: 0%

Year 2

Learning Method
scheduled: 18%
independent: 82%
placement: 0%
Assessment
written: 61%
coursework: 36%
practical: 3%

Year 3

Learning Method
scheduled: 11%
independent: 89%
placement: 0%
Assessment
written: 52%
coursework: 40%
practical: 8%

Year 4

Learning Method
scheduled: 8%
independent: 92%
placement: 0%
Assessment
written: 43%
coursework: 55%
practical: 2%

Why Study Business Management and Finance?

  • By studying Business Management at Aberdeen, you will gain a qualification from one of the world's top 200 university (QS World Rankings 2019 and Times Higher World University Rankings 2018).
  • Business Management at Aberdeen provides an opportunity to study Management on its own or alongside one of a large number of the other disciplines taught at the University.
  • Aberdeen is known as being the oil and gas capital of Europe and the industry has a high demand for Business Management graduates. The University's close links to international companies will improve your career prospects.
  • The University of Aberdeen is the first academic institution to subscribe to Thomson Reuters Eikon in the UK and Ireland. This flagship trading floor integrates real activity in financial markets directly into your courses. The platform is used by major financial services companies across the world. You gain experience of sophisticated financial management technology placing you at the leading edge with skills that employers are seeking.
  • You will learn about crucial areas such as financial management, corporate finance, personal finance, financial institutions, derivatives and the stock market.
  • You will gain practical skills, helping you to read and extract information from financial newspapers and documents.

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
National 5/ S Grade/ GCSE - Maths
IB - 32 points, 15 points 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)

For Joint Honours Economics and Mathematics, SQA higher or GCE A Level or equivalent qualification in Mathematics is required.

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)

National 5/ S Grade/ GCSE - Maths


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

There are a wide variety of careers you can choose from with Business Studies and Finance. Business Studies allows you to apply your skills in consultancy, advertising, banking, insurance, logistics, manufacturing, public relations, HR, sales, retail, and buying as a minimum. If you apply your Finance knowledge you can go into trading, finance, development and more.

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.

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.

Get in Touch

Contact Details

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