MSc Entrepreneurship and Financing

Course overview

In ever more competitive global markets, organisations that depend solely upon re-investing profits and loan finance will be condemned to slow growth.

Our faculty members use a variety of teaching methods including: lectures and seminars, case studies, entrepreneurship and business scenarios, with distinguished visiting speakers and entrepreneurs. The Entrepreneurship Project is a live case study, where students undertake a consultancy intervention with local firms. You will also work with leading academics and industry experts in the Henley Centre for Entrepreneurship and the ICMA Centre.

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If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0)118 378 7593.

How we teach you

A holistic approach

Effective leadership requires more than first-class business acumen. It also requires a degree of self-awareness and sensitivity. Henley is renowned for its well-researched, professional approach to this aspect of business education and all our postgraduate programmes examine this aspect of leadership - helping to create emotionally intelligent graduates who can be fully effective in their chosen careers.

How you will learn

Henley Business School enjoys a strong reputation for the practical application of business ideas and concepts, underpinned by academic excellence and the strength of our research. We offer high-quality technical skills training as well as a deep understanding of the importance of personal development for leaders, a thread that runs through all of our Masters programmes.

Our postgraduate masters programmes feature a mix of core and optional modules, allowing you to tailor your degree towards your individual personal development needs and career ambitions. You will complete up to 10 taught modules during your programme, totalling 180 credits. One module usually equates to 20 credits or 10 hours of work per week. Your week will include lectures, tutorials, workshops and personal study, with each accounting for 25% of your time on average. This stimulating mix of lectures and interactive tutorials provides you with the opportunity to discuss and explore the subject material in depth with your lecturers and fellow students. You will be introduced to the latest thinking and research findings and be able to challenge some of those that have created it. You will also explore real-world issues and tackle current business challenges, and interact with guest lectures and speakers from industry, giving you the opportunity to test, extend and refine your knowledge and skills.

How we assess you

You will learn and be assessed through a wide variety of teaching methods which vary depending on your chosen Masters programme. These include online materials and multimedia content, guest lectures, individual and group assignments, case studies, field visits, dealing room simulations, presentations, applied projects, consultancy work and examinations.

On average examinations form around 70% of the assessed work with the remaining 30% coming from coursework, including a written dissertation or project depending on your chosen programme. The exam period falls between April and June in the summer term, with students taking an average of 5 or 6 exams. Graduation normally takes place in December.

Ongoing support

While postgraduate students are self-motivated and determined individuals, study at this level can present additional pressures which we take seriously. Lecturers are available to discuss the content of each module and your personal tutor can meet with you regularly to discuss any additional issues. Full-time support staff are also available to help with any questions or issues that may arise during your time at Henley

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If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0)118 378 7593.

How to apply

Apply for 2017 entry now

There are two different application processes: apply online and apply by post.

The quickest and easiest way to apply for Postgraduate study at Henley Business School, at the University of Reading is through the University’s online application service.

This allows you to complete your application information, attach electronic copies of your academic transcripts, certificates and other supporting information and also provides a facility for an email request to be sent to your referees enabling them to send your supporting references directly to us.

Apply online

Apply online now using the University of Reading's online application system.

Apply by post

If you are unable to apply online you can request a paper application form by telephoning +44(0) 118 378 5289 or writing to the Admissions Office, University of Reading, Miller Building, Whiteknights, Reading, RG6 6AB, UK.

When to apply

We operate a rolling admissions system and it is recommended that you apply early to secure your place. There is no specific deadline and applications will be considered until the programme is full. However, to allow time for us to process your application we recommend that you apply by the following dates for admission in October:

  • UK/EU applicants: by 1 August
  • International applicants: by 1 June

After you apply

You will receive a confirmation email when we receive your application form. Your application is then reviewed by a member of staff.  Successful applicants will receive a formal offer letter outlining any necessary entry cri­teria you will need to meet and you will be asked to confirm your acceptance of this offer.

A (non refundable) deposit of between £500 and £1,000 (depending on the programme you have applied for) is payable upon acceptance of an offer of a place. International applicants requiring a Certificate of Acceptance for Studies (CAS) for a visa will be sent the CAS details by email once all conditions of the offer have been met, and the relevant deposit has been paid.

Throughout the admissions process we will keep you updated with key information via email.   We also provide opportunities to interact with faculty and staff online.

You can find us on Facebook and keep up-to-date with news and events in the School or ask us a question. In addition, you can speak to a current student; our students and alumni are always happy to share their Henley experience.

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If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0)118 378 7593.

Meet us

If you are unable to attend a postgraduate event please get in touch with our team.  We will be happy to speak to you by telephone, on Skype or through our Live Chat system (during UK office hours: 9 - 5 pm).

Our contact details are: postgraduate@henley.ac.uk or telephone: +44 (0) 118 378 7593.

Please see our full list of world fairs where you can meet a Henley representative. 

 

 

 

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Contact image

If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0)118 378 7593.

Contact image

If you have any questions, please contact us by email at postgraduate@henley.ac.uk or by phone on +44 (0)118 378 7593.

Why Henley?

Duration: 12 months full-time

Starts: September

Assessment: Exams, applied project and individual and group assignments

Consistently maintain highest standards: Henley is in top 1% of business schools worldwide to hold accreditation from all three bodies in the UK, Europe and US

Excellent networking potential : 70,000 Henley alumni in 150 countries

High calibre students: always oversubscribed, 1,000 ambitious new Masters students join Henley each year

Award winning campus: beautiful, green, 134 hectares, with state of the art facilities

World-leading faculty: widely published, frequently asked for expert comment by media and to speak at events

Part of world top 1% ranked university: Reading has a global reputation for its learning experience and employability potential.

Course modules

Module descriptions are correct for modules taught in the academic year 2016/17. Optional module listings are indicative, and may be subject to change.

Module Name Credits

Modules

Compulsory Modules:

This module aims to introduce students to the core concepts and models underlying contemporary strategic management, their theoretical and empirical foundations, their limitations, the arguments surrounding them and their practical application to real issues facing real companies.  This module provides students with an understanding of the conceptual and analytical tools of strategic management and economics.

  • Theories, frameworks and introduction
  • Internal resources and competencies of firms
  • External environment in which firms operate
  • The process of internationalisation
  • Globalisation and regional integration
  • Collaborative behaviour and strategic alliances
  • Integration/responsiveness framework and strategy

 

SEE FULL DESCRIPTION

20 [10 ECTS credits]

Students will develop their own new business idea in real time, experiencing the realities of entrepreneurship and business start-up as they progress through the module. They will study the underpinning theory, while also gaining entrepreneurial skills, knowledge and understanding. This will enable them to be effective in both developing their venture and reflecting on their personal and business performance.

 

  • Project planning
  • Financial models (cash-flow projections)
  • Product development
  • Building partnerships
  • Customer relationships
  • Resource acquisition
SEE FULL DESCRIPTION

20 [10 ECTS credits]

 This module aims to help students get the most from the learning opportunities offered during their MSc course. It provides students with an understanding of what is required to perform well in essays, dissertations, projects, report writing and examinations at the University of Reading. It develops students’ awareness of the appropriate use of methodology, theory, data, literature reviews and original research for a Masters dissertation or project.
  • Essay and exam skills
  • Learning styles
  • Literature review
  • Selecting an appropriate methodology
  • Good research practice
  • Specific research methods
  • MSc dissertation and project

 

SEE FULL DESCRIPTION

0 [0 ECTS credits]

This module aims to introduce students to the scholarly literature on the theoretical approaches to entrepreneurship and to the recent advances in this field. It will provide students with an understanding of how theoretical developments have practical applications, therefore enabling students to recognise and appraise the increasingly entrepreneurial role of managers in modern business.

  • Entrepreneurship and strategy
  • Entrepreneurial opportunities
  • Entrepreneurial finance
  • Technology creation and innovation
  • Market making and ethics
  • Implicit contracts in consumer markets
  • Entrepreneurial personality and teams
SEE FULL DESCRIPTION

20 [10 ECTS credits]

This module prepares students to undertake, during the summer term, a research project with a small business for the purpose of providing business insights and intelligence to that business.

The skills developed will be valuable for students who wish to make a professional impact upon their return to a family or small business, or target a career within a consultancy firm.

  • Modes of consultancy including the preferred mode of Process Consultation or Humble Inquiry, as advocated by Edgar Schein
  • The context of the small owner-managed firm
  • Small firm business survival and growth challenges
  • Team-based working and team-based learning
  • Analysis of the current situation of the small firm
  • Production of case study and growth proposition
  • Personal leadership development
SEE FULL DESCRIPTION

40 [20 ECTS credits]

This module aims to critically examine the nature, role and importance of different traditional and non-traditional sources of finance for entrepreneurial ventures and assess their costs and benefits for an entrepreneurial firm at different stages of growth.

  • Introduction to Entrepreneurial Finance – concepts and importance
  • The different stages of growth of an entrepreneurial firm
  • Business Angels – costs and benefits – ethical concerns
  • Venture Capital – costs and benefits – ethical concerns
  • Initial Public Offerings – the traditional route to market 1
  • Initial Public Offerings – the traditional route to market 2
  • Introducing ‘boutique’ finance and private equity – ethical concerns
  • International Financial Centres –ethical concerns
  • Alternative models of leverage – ethical concerns

The module content is designed to provide a better contextualisation for ICM263 Venture Capital, which has a more technical approach

SEE FULL DESCRIPTION

20 [10 ECTS credits]

Aims: 
In order to raise capital from financiers or secure funding via government grants it is always necessary to produce a robust financial plan. This plan will then be used as a yardstick by all parties to monitor the performance of the business. Typically a detailed twelve month plan is required in addition to a summary level five year plan. Typically these plans will include comprehensive sections on revenue forecasts, profit and loss, cash flows, balance sheet, capex, financing and a commentary with further detail to help explain the figures. The aim of the module is to introduce students to the practicalities of developing and utilising financial models with a view to achieving the overall strategic objectives of an organisation. Students will also gain a thorough understanding of the interaction between the separate statements within a financial model.

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10 [5 ECTS credits]

The objective of the module is to develop students’ appreciation of the practical aspects of raising venture capital finance for a private company, working with the venture capital investor in growing the business and achieving a successful exit. The focus of the module is on venture capital and high-growth ventures from the viewpoints of both the entrepreneur or management team and of the investing institution (general partner), although private equity as a whole is covered as well as the relationship between the private equity or venture capital firm and its own investors (limited partner institutions). Extensive use will be made of case studies and a business plan project in addition to guest lectures from invited experienced practitioners.

SEE FULL DESCRIPTION

10 [5 ECTS credits]

Optional modules:

In addition students must choose two optional modules from the list below.

This module concerns the entrepreneurial activity and the distinctive features of management in the SME environment, its complexity, the additional challenges and risks related to the small dimension, but also its advantages.

By the end of the module students are expected to be able to question theories and standard knowledge, often referring to large corporations, and apply this body of knowledge to SMEs.

 

The module consists of lectures and seminars. The seminars focus on the students’ groupwork on their Business Plans. Entrepreneurs and experts from the business world contribute to the module by sharing and discussing their experience.

  • Concept of entrepreneurship and the economic role of entrepreneurs
  • Business plan
  • The importance of SMEs
  • Networks and clusters
  • Sources of finance
  • Marketing
  • Innovation
  • Internationalisation
SEE FULL DESCRIPTION

20 [10 ECTS credits]

This module aims to develop students’ knowledge of international management, by examining the role and techniques of accounting and financial management. This course demonstrates how corporate financial statements are prepared and equips students with the ability to analyse and interpret such reports. Students will also learn how investment appraisal techniques can be used to inform business decision-making.

  • Financial accounting concepts and the presentation of financial statements
  • Ratio analysis and financial decision-making
  • Short-term managerial decision-making
  • Managerial planning and control
  • Sources of finance
  • Capital investment decisions
SEE FULL DESCRIPTION

20 [10 ECTS credits]

This module introduces students to the scholarly literature on family firms and family business management. The family firm will be examined from a range of different perspectives in order to consider internal management issues, its role in local communities and international comparisons. By undertaking this course, students will explore theoretical developments in this field and relate these to practical, real-world examples of family businesses through the use of case studies.

  • Introduction to family firms
  • Comparing lifestyle and high-growth firms
  • Human resources and capabilities
  • Community, philanthropy and continuity
  • International comparisons – Europe, Middle East & North Africa, and Asia
  • Managing and board control in family firms
  • Supporting the family business
SEE FULL DESCRIPTION

20 [10 ECTS credits]

This module gives an overview of the principles of human resource management (HRM) and the evolution of the HR function. It provides a grounding in the key constructs and principles in HRM so that these may examined from a comparative perspective in MMM079 or from a critical perspective in MMM048 (Managing People and Organisations). It considers approaches to HR strategy, as well as key HR processes.

  • Principles, definitions and origins of HRM; approaches to HRM strategy; the HR value proposition
  • Principles and practice of resourcing, recruitment and selection
  • Linking principles of motivation to HR practices
  • Principles and practice of managing performance
  • Principles and practice of reward management
  • Principles of development
  • Ethics, work–life balance and principles of welfare
SEE FULL DESCRIPTION

20 [10 ECTS credits]

This module concerns the interaction between corporations and their environment from an evolutionary perspective. It enables students to reflect critically on key topics in management and gain a long-term view. Themes are analysed through relevant business and economic theories and conceptual frameworks, as well as case studies. It aims to provide students with the ability to integrate theories and business practice in their coursework and exams.

  • Models of business organisation and their evolution
  • Marketing and markets
  • The institutionalisation of innovation
  • Open versus closed innovation systems
  • Financing the firm
SEE FULL DESCRIPTION

20 [10 ECTS credits]

Aims: 

The objective of the module is to introduce students to the concept of corporate governance, to explain how governance varies around the world and to explore the potential and actual relationships between corporate governance and performance.

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20 [10 ECTS credits]

This module introduces students to the basic concepts, principles and techniques involved in marketing, and to the role of marketing management within all types of organisations (retail, consumer goods, industrial goods, service, non-profit oriented, domestic and international). Students will develop an appreciation of the special requirements for successfully conducting marketing activities by concentrating on the market-oriented approach to doing business.

  • Marketing planning                                                                                                         
  • Marketing environment                                                                 
  • Segmentation, targeting and positioning 
  • Buying behaviour (consumer behaviour and business to business) 
  • Product 
  • Promotion
  • Price and distribution  
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20 [10 ECTS credits]

This module aims to examine many of the key issues in management and entrepreneurship from an international comparative perspective. Students will consider how entrepreneurial firms operate in differing business cultures, dealing with issues such as corporate governance, management education and the increasingly entrepreneurial role of managers in modern business and how this has evolved.

  • The financial crisis and implications for global entrepreneurship
  • Comparative systems of corporate governance and implications for entrepreneurial firms
  • Comparative management education and implications for entrepreneurial firms
  • Comparative business cultures and global entrepreneurship
  • Individual case studies of the evolution of entrepreneurial strategy and patterns of innovation in the United States, Japan, China, Germany and the UK

 

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20 [10 ECTS credits]

Aims:
This module aims at developing the understanding of business service design regarding service thinking concept and business performance management in the digital economy. This module will equip the student with the knowledge of business service innovation with a focus of organisational, business architecture and service system design and performance management in the new service context.   

Outline content: 

  • Service and service innovation concept, framework and approaches for business service deign
  • Organisational design and business model generation in the service context
  • Performance management for maintaining an organisation’s quality, e.g. concepts of performance metrics, and their alignment with corporate strategy, critical success factors, key performance indicators (KPIs)
  • Performance assessment methods and techniques, e.g. benchmarking, balanced score card, total quality management
  • Multi-sided metrics to assess business service performance  
SEE FULL DESCRIPTION

20 [10 ECTS credits]

Apply online

Fees and funding

  Home (UK/EU) Overseas (non EU) 
2016 Entry £12,500 £19,200
2017 Entry £12,500 £19,800
Please note that a non-refundable deposit is payable when confirming your acceptance of an offer of a place. This is part of your tuition fee and will be deducted from the total amount upon enrolment.

Alumni of the University of Reading who undertake their next level of study at Henley Business School will receive a tuition fee discount of £1000.

UK/European Union Postgraduate Loans

Loans of up to £10,000 are available to eligible students studying for postgraduate masters courses from the 2016-2017 Academic year. In general, students need to be domiciled in England.  EU students, and individuals falling within certain specified categories, may also be eligible.

You can apply for a loan through the UK Government website.  You can read more about the scheme on the Student Loans Company website or on these two UK Government sites: Introduction of loans for postgraduate students and Government response to the Consultation on Support for Postgraduate Study.

 

(UK applicants only)

Applicants who normally live in the UK (for a minimum of three years) can apply for a Professional and Career Development Loan to borrow between £300 and £10,000. This is a bank loan, with interest charged at a commercial fixed rate.

How to apply for a Career Development Loan

See Professional and Career Development Loans.


The University provides opportunities to students from a wide range of backgrounds, who have the desire and ability to succeed. There are a range of scholarships and bursaries on offer for postgraduate students. For further information see: Money matters, costs and budgets for postgraduate students.

Entry requirements

Academic requirements

Although a good first or second class UK honours degree, or overseas equivalent, will usually be required, professional experience will be taken into account and applicants considered on their overall suitability for the programme.  Evidence of entrepreneurial experience will be of particular value in our admissions decision.

Prior knowledge or experience of your chosen subject area is not required. We welcome applications from recent university graduates from a wide range of disciplines.

See country and region-specific information and entry requirements for International applicants or please contact us with any questions.

Not quite at the required level of English language proficiency for your chosen programme?

Applicants to Henley Business School, whose first language is not English, will be required to attain the International English Language Test Scores (IELTS), or equivalent acceptable qualification accepted by the University, as defined below, to enter a programme.

However, for students who successfully complete one of the Pre-sessional English Language courses run by our International Study and Language Institute, a half-band credit will be applied to their English language condition. (For example - programmes requiring IELTS 7.0 will accept students with IELTS 6.5 providing the student has completed the relevant English course with us).

Applications to the International Study and Language Institute

Henley Business School requires a minimum IELTS score of 7.0 (with no element below 6.0) to enter all programmes except Information Management. Information Management programmes require an IELTS score of 6.5 (with no element below 5.5).

Students completing the above mentioned pre-sessional courses would be allowed entry onto their chosen programme with an overall score of 6.5 for all programmes except Information Management, which will generally accept 6.0.

Equivalent English Language Qualifications will also be accepted. If you require specific advice on your qualification please contact our admissions office directly either by e-mail at pgadmissions@reading.ac.uk or by telephone on +44 118 378 5289.

UK visa requirements

If you are not a national of the European Union (EU), it is likely that you will need to obtain a UK visa to live and study in the UK before you travel. See the UK Border Agency website. Contact the University's International Office with any questions: intoff@reading.ac.uk.

Apply online

Careers and accreditations

This Masters programme is designed for graduates keen to pursue entrepreneurial careers, whether through their own start-up or through leadership roles in entrepreneurial firms. Graduates will also be equipped to work internationally in a general or trainee management role in any sector for organisations ranging from small and medium sized enterprises to multinational firms.

What our students say

Speak to a student

Our students and alumni are always keen to share their Henley experience, whether you are a prospective applicant or you've already applied for a place on a Masters programme at Henley Business School. For a unique insight into every aspect of life in the School and on campus, you can contact any of our students and alumni below, via email, Skype or social media.

When contacting one of our students for the first time, please introduce yourself and the Masters programme you have applied for before you outline any questions you might have.


Marco Sajiv Mambretti, Italy
MSc Entrepreneurship and Management, 2016


Skype: marco.mambretti92

Email: Email


Antonia Ajisebutu, UK
MSc Entrepreneurship and Management, 2016

Email: Email


Murat Akdag, Turkey
MSc Entrepreneurship and Management, 2016

Email: EmailEmail: Email 2


Immanuel Neumeier, Germany
MSc Entrepreneurship and Financing, 2017

Email: Email