Accounting and Finance

About the course

Course description

Course module details >>  

Take your skills and knowledge to the next level with the best accounting and finance group in the world. Whether you want to further your professional career, or go on to study for a PhD, this course gives you the qualification you need to succeed.

A career in accounting, financial services or related sectors of the economy requires a high level of understanding of both the theory and practice of accounting and finance. This course is designed to give you a broad-based understanding of the core subject areas with an emphasis on empirical research methods and on accounting and finance practice.

Our wide range of modules allows you to specialise and during the course you have the chance to build on your growing knowledge and expertise by completing a dissertation on a research area of your choice. This, coupled with the support you get from our staff, ensures a first class learning experience. 

The MSc Accounting and Finance is recognised by the Economic and Social Research Council as postgraduate preparation for a PhD. It also holds the award of partnership status from the CFA Institute, the global association for investment professionals.

CFA training

We're pleased to announce that we have teamed up with Kaplan Schweser to facilitate student preparation for the CFA exams. Students attending our finance-related Masters - MSc Accounting and Finance, MSc Finance, MSc Finance and Business Economics and MSc Quantitative Finance - who perform well in Semester one and show a strong interest in CFA, will get free access to Kaplan's online training materials for CFA Part One.

Kaplan is a global firm offering professional training and helping individuals and organisations obtain financial certifications and designations. They will support our students by giving them access to tuition material, online question banks and progress tests, as well as mock exam runs. They will also offer tutor support and 1-2-1 sessions.

Students enrol in the CFA Program to build a strong foundation of advanced investment analysis and real-world portfolio management skills. Preparing for the Level I exam is the first step toward earning the Chartered Financial Analyst ® (CFA) credential, the most respected and recognised investment designation in the world.

Trading BootCamp Week

Each year, Alliance MBS runs a five-day Trading BootCamp for all current students studying MSc Accounting and Finance, MSc Finance, MSc Finance and Business Economics and MSc Quantitative Finance. These trading simulations provide students with experience of real world trading and the opportunity to engage with contemporary financial markets, enabling them to apply their classroom theory in practice.

To deliver the Trading BootCamp, the School has teamed up with Amplify Trading to provide those looking to enter the financial industry with a crucial skill-set. Amplify Trading are a global financial trading and training firm, which offers training to some of the world's largest financial institutions, such as HSBC, Citigroup and Deutsche Bank. They have developed specialist software that enables students to experience a live trading floor and two experienced traders will deliver the week-long training.

Each day there will be four hours of classes in the morning followed by four hours of trading practice in the afternoon. Engaging in live breaking news, economic data and geo-political events, students will be able to apply their understanding, technical expertise and risk management practises in trading different asset classes.

This is a fantastic opportunity for accounting and finance students at Alliance MBS and is another way in which we prepare students for successful careers after graduation.

The Finance Zone  

The Finance Zone in Alliance Manchester Business School gives you access to one of the UK's most comprehensive collections of specialist financial and business databases that are used by top researchers around the world. These include Bloomberg, Datastream, Thomson ONE, Compustat, WRDS, Capital IQ and many more. Read more about the specialist financial and business databases >>

Special features

Worshipful Company of International Bankers Affiliation

Our accounting and finance division courses are now affiliated with the Worshipful Company of International Bankers (WCIB). This means that every year the best dissertation out of the following four courses will receive the WCIB Prize worth £300.

  • MSc Accounting and Finance
  • MSc Finance
  • MSc Finance and Business Economics
  • MSc Quantitative Finance

The winner will also enter the competition for the prestigious WCIB Lombard Prize. The Lombard Prize consists of a solid silver Armada dish, a cheque for £1500, one-year honorary membership to the Company and attendance at the Annual Banquet to collect the prize.

Read more about the WCIB Prize

Course units details

The course consists of both compulsory and optional taught units. 

Semester 1

Core course modules:

  • Essentials of Finance
  • Cross Sectional Econometrics
  • Corporate Financial Reporting

Optional modules:

  • Portfolio Investment
  • International Accounting Practice & Regulation
  • International Finance

Semester 2

Core course modules:

  • Corporate Finance
  • EITHER Advanced Management Accounting OR Corporate Governance in an Accounting Context
  • Qualitative Research Methods

Optional modules:

  • Financial Statement Analysis
  • Time Series Econometrics
  • Mergers & Acquisitions: Economic & Financial Aspects
  • Managerial Economics
  • Current Issues in Empirical Finance
  • Advanced Management Accounting
  • Corporate Governance in an Accounting Context
  • Real Options in Corporate Finance
  • Accounting & Society

Coursework and assessment

Assessment is by taught examinations, coursework, assignments, group assessment and presentations and finally by a 60 credit dissertation.

Accrediting organisations

The course conforms to the present ESRC guidelines for Masters degrees and has ESRC recognition as a postgraduate training year in preparation for undertaking a PhD. 

The course has partnership with the Chartered Financial Analyst Institute.

Open days

Our next open day for postgraduate taught study will take place on Wednesday, 23 November 2016. It's a great opportunity to come and see us and experience what it is like to study at Alliance MBS.

At our event, we'll have an alumni panel who'll be describing their experiences and how their course helped them in their careers, a taster lecture and the chance to meet academic and admissions staff and current students.

Further details about registration and the schedule for the open day will be posted here soon.

Take a look at the  open day programme  from the last event.

Events round the world

We take part in events both at home and around the world, and we'd be delighted to meet you in your country . If you are visiting Manchester, you are also welcome to organise a personal visit .

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email:

2015 course profile These figures are for 2015 entry and can vary each year.

Male Female
Age range: 21-30
Nationalities: 10

Career prospects

Access to more than 4,500 UK and global employers
CFA logo
CFA Program Partner of CFA Institute

Recent recruiters include:

Bank of China logo PwC logo HSBC logo Lenovo logo