A fast-track qualification for non-finance graduates seeking employment in the rapidly growing financial services sector.
Summary
This programme is intensive and allows highly motivated graduates to ‘skill into’ the wholesale financial services sector and is designed for those with a business or cognate discipline (e.g. law, economics, computing etc.). A unique aspect of the programme is the option to undertake a placement with a wholesale financial firm. Such placements are subject to interview by the firm and cannot be guaranteed by the University.
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The full-time duration of the programme is normally one calendar year comprising three semesters. The programme is modular in design, with students taking 8 modules to obtain the Postgraduate Diploma and an additional dissertation, or work-based project, to achieve the award of MSc.
The structure of the course is as follows:
Semester I Financial Reporting & Analysis Financial Markets, Institutions and Operations Risk Management Practices Financial Regulation
Semester II
Derivatives and Alternative Investments Economics Fund Management Research Methods in Finance
Semester III Either an academic dissertation or work placement report (the choice will be determined by whether the student undertakes placement).
Learning and Teaching Methods may include: lectures, tutorials, seminars, case studies, experiential learning, guest speakers, workshops, directed and independent study, computer assisted learning including contemporary interactive learning technology to help enhance your learning.
Assessment Methods may include: each module adopting a unique assessment strategy and this may involve; computer-based exercises, class tests, essays, oral presentations (individual and group), case studies, live projects and dissertation/work placement report. This programme is assessed by 100% coursework.
Attendance and Independent Study
The content for each course is summarised on the relevant course page, along with an overview of the modules that make up the course.
Each course is approved by the University and meets the expectations of:
As part of your course induction, you will be provided with details of the organisation and management of the course, including attendance and assessment requirements - usually in the form of a timetable. For full-time courses, the precise timetable for each semester is not confirmed until close to the start date and may be subject to some change in the early weeks as all courses settle into their planned patterns. For part-time courses which require attendance on particular days and times, an expectation of the days and periods of attendance will be included in the letter of offer. A course handbook is also made available.
Courses comprise modules for which the notional effort involved is indicated by its credit rating. Each credit point represents 10 hours of student effort. Undergraduate courses typically contain 10, 20, or 40 credit modules (more usually 20) and postgraduate courses typically 15 or 30 credit modules.
The normal study load expectation for an undergraduate full-time course of study in the standard academic year is 120 credit points. This amounts to around 36-42 hours of expected teaching and learning per week, inclusive of attendance requirements for lectures, seminars, tutorials, practical work, fieldwork or other scheduled classes, private study, and assessment. Teaching and learning activities will be in-person and/or online depending on the nature of the course. Part-time study load is the same as full-time pro-rata, with each credit point representing 10 hours of student effort.
Postgraduate Master’s courses typically comprise 180 credits, taken in three semesters when studied full-time. A Postgraduate Certificate (PGCert) comprises 60 credits and can usually be completed on a part-time basis in one year. A 120-credit Postgraduate Diploma (PGDip) can usually be completed on a part-time basis in two years.
Class contact times vary by course and type of module. Typically, for a module predominantly delivered through lectures you can expect at least 3 contact hours per week (lectures/seminars/tutorials). Laboratory classes often require a greater intensity of attendance in blocks. Some modules may combine lecture and laboratory. The precise model will depend on the course you apply for and may be subject to change from year to year for quality or enhancement reasons. Prospective students will be consulted about any significant changes.
Assessment methods vary and are defined explicitly in each module. Assessment can be a combination of examination and coursework but may also be only one of these methods. Assessment is designed to assess your achievement of the module’s stated learning outcomes. You can expect to receive timely feedback on all coursework assessments. This feedback may be issued individually and/or issued to the group and you will be encouraged to act on this feedback for your own development.
Coursework can take many forms, for example: essay, report, seminar paper, test, presentation, dissertation, design, artefacts, portfolio, journal, group work. The precise form and combination of assessment will depend on the course you apply for and the module. Details will be made available in advance through induction, the course handbook, the module specification, the assessment timetable and the assessment brief. The details are subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.
Normally, a module will have 4 learning outcomes, and no more than 2 items of assessment. An item of assessment can comprise more than one task. The notional workload and the equivalence across types of assessment is standardised. The module pass mark for undergraduate courses is 40%. The module pass mark for postgraduate courses is 50%.
The class of Honours awarded in Bachelor’s degrees is usually determined by calculation of an aggregate mark based on performance across the modules at Levels 5 and 6, (which correspond to the second and third year of full-time attendance).
Level 6 modules contribute 70% of the aggregate mark and Level 5 contributes 30% to the calculation of the class of the award. Classification of integrated Master’s degrees with Honours include a Level 7 component. The calculation in this case is: 50% Level 7, 30% Level 6, 20% Level 5. At least half the Level 5 modules must be studied at the University for Level 5 to be included in the calculation of the class.
All other qualifications have an overall grade determined by results in modules from the final level of study.
In Masters degrees of more than 200 credit points the final 120 points usually determine the overall grading.
Figures from the academic year 2022-2023.
Academic profile
Over 85% of our teaching staff hold Fellowship of Advance HE (previously Higher Education Academy).
The University employs over 1,000 suitably qualified and experienced academic staff - 60% have PhDs in their subject field and many have professional body recognition.
Courses are taught by staff who are Professors (19%), Readers, Senior Lecturers (22%) or Lecturers (57%).
We require most academic staff to be qualified to teach in higher education: 82% hold either Postgraduate Certificates in Higher Education Practice or higher. Most academic and learning support staff (85%) are recognised as fellows of the Higher Education Academy (HEA) by Advance HE - the university sector professional body for teaching and learning. Many academic and technical staff hold other professional body designations related to their subject or scholarly practice.
The profiles of many academic staff can be found on the University’s departmental websites and give a detailed insight into the range of staffing and expertise. The precise staffing for a course will depend on the department(s) involved and the availability and management of staff. This is subject to change annually and is confirmed in the timetable issued at the start of the course.
Occasionally, teaching may be supplemented by suitably qualified part-time staff (usually qualified researchers) and specialist guest lecturers. In these cases, all staff are inducted, mostly through our staff development programme ‘First Steps to Teaching’. In some cases, usually for provision in one of our out-centres, Recognised University Teachers are involved, supported by the University in suitable professional development for teaching.
Here is a guide to the subjects studied on this course.
Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.
Year one
Financial Reporting & Analysis
Year: 1
Status: C
This module provides an understanding of financial reporting and analysis relevant to the financial services industry. The module will enhance students' knowledge of the financial reporting environment and provide students with the requisite knowledge necessary to undertake study of and work within the financial services industry. Subjects covered include income statements, balance sheets, taxation, the accounting regulatory framework, analysis of financial reports and financial reporting governance issues.
Financial Markets, Institutions and Operations
Year: 1
Status: C
This module provides students with the necessary knowledge and skills to understand the relevance & importance of functioning financial markets, develops knowledge of the global financial services industry, financial assets and investment products and to critically evaluate competing and complementary trading and investing styles.
Research Methods in Finance
Year: 1
Status: C
This module develops students' quantitative and qualitative research skills. It begins with an overview of the philosophy of scientific research before considering qualitative research and analysis. Statistics are then introduced as the building blocks for subsequent quantitative analysis. This module seeks to improve student understanding of research methodology.
Financial Regulation
Year: 1
Status: C
This module provides an understanding of the regulatory and compliance issues regarding financial institutions, instruments and employees, with specific focus on the UK. Subjects covered within the module include the regulatory environment, the Financial Services Authority, codes of conduct and domestic and international regulatory legislation.
Derivatives and Alternative Investments
Year: 1
Status: C
This module provides up-to-date coverage of the main aspects of financial derivatives. More specifically it provides a detailed examination of: the options markets and the various option strategies that can be used to hedge risk or speculate on direction of movement; an overview of the mechanics of futures markets, the hedging strategies using futures, the determination of forward and futures prices is provided; and the mechanics of the swap markets are considered.
Fund Management
Year: 1
Status: C
The module provides a deeper understanding of fund management, the role of the fund manager, the tools at the disposal of the fund manager and the dynamics of the fund management environment. Subjects examined within the module include: fund construction and performance measurement, equity and bond fund management, risk management and market efficiency and the implications of behavioural finance.
Insurance and Risk Management
Year: 1
Status: C
The objective of the module is to provide students with a broad overview of the related subject areas of risk and insurance. Initially risk will be considered in terms of the primary risks encountered by financial services companies and how risk can be incorporated into the decision-making process. Subsequently the UK insurance sector will be examined by considering the main categories of insurance provided, the main market participants and the impact of FinTech disruption upon the sector.
Sustainable Finance
Year: 1
Status: C
This module provides an understanding of the concept of sustainable finance and the crucial role that the financial industry must play in order to meet the objectives of the Paris Agreement - COP 21. The module will look at how sustainable finance is measured and reported and the latest regulatory frameworks governing the industry. This course will act as an introduction and guide for the future finance professionals that are required to support the industry transition and manage sustainability risks, in order to move towards a more sustainable and circular economy.
International Finance
Year: 1
Status: C
This module covers the international financial system, balance of payments, open-economy macroeconomics, exchange rates, and will discuss current issues within international finance.
Contemporary Issues in Finance
Year: 1
Status: C
The module will have as its main objective an exploration of the contemporary issues that confront finance and financial services.
Work Based Project
Status: O
Year: 1
This module is optional
The Work Based Project module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a project relevant to the finance/financial services sector and of interest to the student. The project topic will vary, depending on the requirements of the financial services organisation that instigates the project.
Dissertation
Status: O
Year: 1
This module is optional
The Dissertation module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a research-dissertation investigating a topic relevant to the financial services sector and of interest to the student. The topic will vary, depending on the interests of the student and expertise of staff.
Standard entry conditions
We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.
Applicants must have gained a second class honours degree in a business or cognate discipline, however graduates of any discipline will be considered. In recent years graduates of chemistry, physics, law, politics and software engineering have completed the program.
Candidates whose first language is not English must provide evidence of their English language competence (minimum IELTS score of 6.0, or equivalent).
English Language Requirements
The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.
Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.
Our Centre for English Language Teaching (CELT) is a specialised unit providing English language teaching and support for registered students who have English as an additional language.
The programme is primarily structured to aid graduates in gaining employment in the wholesale financial services sector, but would also provide a base for further research based study at PhD level. A wide range of placement opportunities are available including CitiGroup, PwC Augment, EY, Pearson and MTS Wealth in Belfast with other options being available in Dublin.
Apply
Start dates
September 2024
Fees and funding
Northern Ireland, Republic of Ireland and EU Settlement Status Fees
£7,350.00
International Fees
£17,090.00
Scholarships, awards and prizes
Fund-Axis Global Investment Management Award - Highest Performing Student
Additional mandatory costs
It is important to remember that costs associated with accommodation, travel (including car parking charges) and normal living will need to be covered in addition to tuition fees.
Where a course has additional mandatory expenses (in addition to tuition fees) we make every effort to highlight them above. We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals, as well as first-class facilities and IT equipment. Computer suites and free Wi-Fi are also available on each of the campuses.
There are additional fees for graduation ceremonies, examination resits and library fines.
Students choosing a period of paid work placement or study abroad as a part of their course should be aware that there may be additional travel and living costs, as well as tuition fees.
We prepare our prospectus and online information about our courses with care and every effort is made to ensure that the information is accurate. The printed version of the prospectus is, however, published at least a year before the courses begin. Information included in the prospectus may, therefore, change. This includes, but is not limited to changes to the terms, content, delivery, location, method of assessments or lengths of the courses described. Not all circumstances are foreseeable, but changes will normally be made for one of the following reasons:
to meet external, professional, or accredited body requirements;
to provide for exceptional circumstances due to reasons beyond our reasonable control;
to improve or enhance your experience, or to adopt changes recommended in student feedback, with the aim of improving the student experience and or student outcomes; and/or
to ensure appropriate academic standards are met, for example in response to external examiners feedback.
If there are insufficient enrolments to make a course viable, it may be necessary for the University to withdraw a course. If you have received an offer for a course that we subsequently have to close, we will contact you as soon as possible to discuss alternative courses. If you do not wish to study any alternative courses at the University, you may withdraw your application by informing us by email to admissions@ulster.ac.uk.
Please note that the University’s website is the most up-to-date source of information regarding courses, campuses and facilities and we strongly recommend that you always visit the website before making any commitments.
We will include a durable PDF when we send you an offer letter which will highlight any changes made to our prospectus or online information about our courses. You should read this carefully and ensure you fully understand what you are agreeing to before accepting a place on one of our courses.
The University will always try to deliver the course as described in the durable PDF you receive with your offer letter.
At any point after an offer has been made, students will be notified of any course changes in writing (usually by email) as soon as reasonably practicable and we will take all reasonable steps to minimise their impact where possible. The University will, where possible and reasonably practicable, seek the express consent of the student in regard to any changes concerning material or pre-contract information.
The University website will be updated to reflect the changed course information as soon as reasonably practicable.
If, after due consideration, you decide that you no longer want to study your course or to study at the University, because of the changes, you may withdraw your application or terminate your contract with the University. In order to do so, you should notify us in writing by emailing admissions@ulster.ac.uk (and update UCAS if applicable). We will, on request, recommend alternative courses that you could study with us, or suggest a suitable course at an alternative higher education provider.
Providing the University has complied with the requirements of all applicable consumer protection laws, the University does not accept responsibility for the consequences of any modification, relocation or cancellation of any course, or part of a course, offered by the University. The University will give due and proper consideration to the effects thereof on individual students and taken the steps necessary to minimise the impact of such effects on those affected.
The University is not liable for disruption to its provision of educational or other services caused by circumstances beyond its reasonable control providing it takes all reasonable steps to minimise the resultant disruption to such services.
Ulster continues to develop and support sustainability initiatives with our staff, students, and external partners across various aspects of teaching, research, professional services operations, and governance.
At Ulster every person, course, research project, and professional service area on every campus either does or can contribute in some way towards the global sustainability and climate change agenda.
We are guided by both our University Strategy People, Place and Partnerships: Delivering Sustainable Futures for All and the UN Sustainable Development Goals.
Our work in this area is already being recognised globally. Most recently by the 2024 Times Higher Education Impact rating where we were recognised as Joint 5th Globally for Outreach Activities and Joint Top 20 Globally for Sustainable Development Goal 17: Partnership for the Goals.
Visit our Sustainability at Ulster destination to learn more about how the University strategy and the activities of Ulster University support each of the Sustainable Development Goals.