MSc International Business and Finance

Course overview

This Masters programme examines key issues from both a business and economic perspective. You will observe how multinational corporations leverage financial markets when seeking to exploit international business opportunities. Additionally, you will study the management challenges presented, and the relevance of these to financial and capital markets.

Students in this postgraduate programme will gain an understanding of the international business environment and its competitive and investment climate. Using frameworks and methodologies, students will also investigate the interaction between firm strategies, economic policies and the changing international environment.


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Find out about how we'll be delivering our courses in 2020.

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 courses examine this aspect of leadership. This creates emotionally intelligent graduates who can be fully effective in their chosen careers.

How you will learn

Henley enjoys a strong reputation for the practical application of business ideas and concepts. We are 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. This is a thread that is woven through all of our Masters programmes.

Our Masters programmes feature a mix of core and optional modules, tailoring your degree towards your 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 provides you with the opportunity to discuss and explore the material in depth with your lecturers and fellow students.

You will be introduced to the latest thinking and research findings then have the opportunity to challenge those that have created it. You will also explore real-world issues, tackle current business challenges, and interact with guest lectures and speakers from industry. This gives you the opportunity to test, extend and refine your knowledge and skills with confidence.

How we assess you

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

On average examinations of core modules form between 15 - 50% of the assessed work. The remaining comes 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.

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 module content and you can meet with your academic tutor to discuss any additional issues. Support staff are available to help with any questions or issues that may arise during your time at Henley.

How to apply

Apply for 2021 entry now

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

The quickest and easiest way to apply for our Masters courses is through the University of Reading’s online application service.

This allows you to complete your application information, attach electronic copies of your academic transcripts, certificates and other supporting information. It also provides a facility for an email request to be sent to your referees. This enables the referees 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. Alternatively, you can apply by 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 us time to process your application we recommend that you apply by the following dates:

  • 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.

If you require a Certificate of Acceptance for Studies (CAS) for your visa, details will be sent by email once all conditions of the offer have been met.

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.

Find us on Facebook and keep up-to-date with news and events at Henley or ask us a question. In addition, you can speak to a current student, our students are always happy to share their Henley experience.

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, 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 list of world fairs below where you can meet a Henley representative.

UK

  • Virtual Masters Visit Day

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EUROPE

  • Virtual Masters Visit Day

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ASIA

  • QS World Grad School Tour Online – Vietnam & Thailand

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  • QS World Grad School Tour Online – Indonesia

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  • Virtual Masters Visit Day

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  • QS World Grad School Tour Online - Japan

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  • QS World Grad School Tour Online - Philippines

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INDIA & THE MIDDLE EAST

  • Virtual Masters Visit Day

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AFRICA

  • Virtual Masters Visit Day

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AMERICAS

  • Virtual Masters Visit Day

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Faculty & Staff

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Contact Us

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

Important Information

Duration: 12 months full-time

Starts: September 2021

Assessment: Exams, applied project and individual and group assignments

Henley's Reputation:

  • Consistently maintain highest standards and with an excellent networking potential of over 80,000 Henley alumni members 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

Henley is proud to be part of the University of Reading. The University is ranked within the top 250 universities worldwide*. Additionally, 98% of the research is rated as being of international standard.

*Times Higher Education World University Rankings 2018 and QS World University Rankings 2018.

Course modules

The module descriptions set out on this page are correct for modules being taught in the current academic year. Optional module listings are indicative and may be subject to change

Modules Credits

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

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

0 [0 ECTS credits]

This module aims to provide a basic set of frameworks, concepts and theories from international trade, international business, and economic geography to analyse international environments and their impact on multinational firms. It addresses questions of contemporary capitalism, discusses global value chains, and conveys in-depth understanding of various business environments, such as the European Union and the rise of emerging markets.
  • Globalisation and the new competitive realities
  • Institutions, policies and national/regional competitiveness
  • Technological shifts and national innovation systems
  • Global value chains and production networks
  • Geopolitical economy and ‘varieties of capitalism’
  • The business environments of the European Union, North America, Japan and emerging markets (e.g. China)

20 [10 ECTS credits]

This module aims to examine international business strategy and financial performance of the multinational enterprise (MNE). It will provide students with an understanding of what globalisation and regionalisation mean for today’s managers, the best way to extend their knowledge of how MNEs function, how to turn the messages from the academic literature into effective business strategies within an MNE and how to measure the financial performance of MNEs.
  • Conceptual foundation of international business strategy: seven concepts and one unifying framework
  • Implications of international business strategy for MNE performance; review of financial analysis; practical applications
  • The critical role of firm-specific advantages (FSAs)
  • The nature of home country specific advantages and the problem with host country specific advantages
  • Combining firm-specific advantages and location-specific advantages
  • Introduction to international financial management in MNEs
  • Dynamics of entry-mode strategies: foreign distributors, strategic alliance, mergers and acquisitions

20 [10 ECTS credits]

Securities, Futures and Options provides learners with the relevant financial knowledge for analysing and valuing different classes of risky assets. It begins with the description of all main asset classes and the basic theory behind market efficiency and investors’ attitude towards financial risk. It then analyses the main framework behind portfolio theory and optimum asset allocation, followed by the introduction of the main pricing models, their applications and limitations. Furthermore, the module provides an in-depth introduction to financial derivatives (futures and options) and their valuation. All the techniques introduced are widely applied in other elements of the programme.

20 [10 ECTS credits]

This module is delivered at University of Reading and University of Reading Malaysia.

This module provides an introduction to commercial and investment banks and an overview of the main characteristics and risks of a range of international financial markets: equity, fixed income, foreign exchange, futures and commodity markets. An interactive workshop is used to simulate trading and compare alternative market structures.

20 [10 ECTS credits]

Fixed Income and Equity Investments applies general valuation methods to specific financial instruments: fixed income and equity securities. It describes the basic characteristics of each security and develops practical strategies for finding its value and assessing its risk. It develops general trading strategies for each type of security. It also considers how the markets for these securities are related and begins the task of showing how these relationships can be exploited to form an optimal investment strategy.

20 [10 ECTS credits]

The objective of the module is to give students an introduction to econometrics so that they might understand the analytical techniques used in the finance research literature. Via case studies and computer modelling exercises, students then learn how to apply these techniques to real data. Emphasis is placed on practical applications of the techniques in the global financial markets.

0 [0 ECTS credits]

What am I going to do when my course ends, and how am I going to achieve it? This module has been designed to help Accounting, Informatics and Business Management students answer those two questions, and empower them to take the actions required. It’s a suite of sessions that pays close attention to the general pathways Business Management, Accounting and Informatics students tend to take, and their aspirations as expressed during pre-sessional career activities & induction surveys. Students will choose this the mix of custom-made sessions that best suit their stage in life and supplement them with the open careers programmes offered at the University, the online content on the Henley Careers Blackboard site and 1-2-1 careers consultations.

0 [0 ECTS credits]

This project module serves as a capstone module for the Master’s in Management programme. Students will have an opportunity to draw on knowledge and experience gained across the programme (i.e., nine months of classroom learning) and apply them to a contemporary international business problems/issues. Project can be developed in conjunction with specific organizations (upon availability) or can be student-led (i.e., students choose a topic related to their chose streams of specialisation, e.g., International business, strategy, HR or Finance).

30 [15 ECTS credits]

The module provides intensive experiential learning in an international context. This is an opportunity for students group visits a particular country and particular business communities to explore business development issues and the methods the community has found for addressing these issues, as well as to assist these communities with possible business solutions. The module assists to create a network of active young specialists who think globally and act locally to make business action happen. The country partner institutions play a key role in setting up the itinerary and hosting the visit. Students will work in multinational teams for 10 continuous working days to develop international capabilities and build their global network.

10 [5 ECTS credits]

Optional Modules:

Students must choose 20 credits of option modules in Finance from the ICMA Centre so as to complete a total of 180 credits.

This portfolio management module covers key topics, techniques and discussions, including investment styles, in relation to constructing and maintaining an optimal investment portfolio. The teaching approaches all topics from academic and market, practical perspectives. More detailed aims and learning outcomes are included below.

20 [10 ECTS credits]

This module enables students to explore the concepts of strategic planning and strategic (or ‘capital’) budgeting. It introduces a range of techniques for strategic budgeting. It illustrates concepts using topical, real-world events and cases.

10 [5 ECTS credits]

This module provides an interesting insight into the commodity derivatives markets. It examines the aspects of pricing and trading physical derivatives, with emphasis on the energy and shipping (freight) sectors. The course is designed using real-life trading examples, stimulating students, who wish to follow a sales and trading career, to approach derivatives pricing from first principles.

This module introduces students to the theory and practice of corporate governance. The module then focuses on a critical discussion of the corporate form and corporate accountabilit

20 [10 ECTS credits]

This module provides an overview of the purpose and operation of financial regulation, and the consequences of financial sector reform for different markets and jurisdictions, including that of the students’ home countries.

20 [10 ECTS credits]

This module provides students with a comprehensive view of the fixed income cash and derivative markets. Students will study the course material for the internationally recognised ICMA Fixed Income Certificate and will, additionally, also have the chance to sit for this qualification.

20 [10 ECTS credits]

The main aim of the module is to provide a rigorous grounding of the theory and practice of corporate finance and more specifically the long-term financial management decisions of the firm pertaining to investments, financing and payout and how they affect its value. It deals with how corporations are governed, their financing structures, payout policies, the processes involved in the issuance of public and private equity, as well growing through inorganic investment (mergers and acquisitions). The module also extensively dealsParticipants also gain exposure to with advanced financial analysis and enterprise valuation methods employed by financial advisors/investment banks as part of advising corporations. Students on this moduleThey also take part in a bespoke investment banking pitch-book simulation challenge whereby they have to work with as part oftheir a team and to produce a real life pitch-book including financial analysis on a real transaction as part ofand assessing the company’s strategic alternatives.

20 [10 ECTS credits]
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Fees & funding

UK/HomeInternational
2021 Entry£17,300£24,900

UK/Home Postgraduate Loans

Loans of up to £11,222 are available to eligible students studying for postgraduate Masters courses from the 2021-2022 Academic year. In general, students need to be domiciled in England.

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.

Entry requirements

Academic requirements

Entry Requirement Criteria
Undergraduate degree Minimum 2:1 or the equivalent from an Internationally recognised university
Degree discipline Any discipline

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

English Language Requirements

Studying in a second language can be challenging. If your English language ability is below the minimum requirement, we may ask for evidence of proficiency. Alternatively, we may ask you to attend an English language course before you begin your studies with us.

  • We require an International English Language Test Scores (IELTS) score of 6.5 overall with no less than 6.0 in any sub-skills.
  • We now accept Duolingo scores for 2021 entry. Students are required to have a score of 120 with no subscore less than 95 (with recommendation to take 2 week pre-enrolment support course). With a Pre-sessional English Course we offer: 115 plus 6 week Course, or 110 plus 9 week Course.

Our  International Study and Language Institute  (ISLI) offers a comprehensive range of  Pre-sessional English (PSE) courses.  We encourage all students who have not lived or studied in an English-speaking country before to register for one. Students completing pre-sessional courses would be allowed entry onto their chosen programme after achieving an overall score of 6.5 with scores of no less than 5.5 in each of the four sub-skills.

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

UK visa requirements

  • If you are not a national of the UK, you may need to obtain a UK visa. This visa will allow you to live and study in the UK. See the  UK Border Agency website. Contact the University's International Office with any questions:  intoff@reading.ac.uk.

New Graduate Route

From the summer of 2021, the UK's new Graduate Route post-study work visa allows you to apply to stay in the UK for up to two years after you graduate, with the opportunity to undertake skilled work. Visit the University website for the latest information.

Careers

How can Henley Careers work with you?

We have an award-winning careers team that will support you through your postgraduate studies and four years after graduation.

Here is how Henley Careers can help you:

  • Careers Consultant appointments: Our Careers Consultant are here to help and support you with any careers related concern that you might have. Whether it’s CV advice, practicing for an interview, providing feedback if applications aren't successful or support planning your career goals. We are here to help empower you to progress in your career.
  • Events: Henley Careers organise numerous events aimed to help you build your confidence, develop the skills employers are looking for. Additionally, network with employers and expand your industry knowledge.
  • Alumni support: You can continue to book one-to-one appointments with your Careers Consultant and use our online resources. For up to four years after graduating we’re here to help and support in your career.
  • Career Smart: Get a head start in securing a graduate job by taking part in our online course, Career Smart. You can expect to learn about the graduate recruitment cycle in the UK. As well as where to look and how to start applying to jobs, and the different roles available to you.

For more information please see our Careers page.

Continuing your career

Graduates of this Masters Programme follow a variety of career paths, in finance or general management, upon graduation. Working for a range of employers such as large corporations or multinational enterprises, banks, securities companies or government agencies.

The Masters degree will provide you with the necessary skills and knowledge to build a career in finance. This includes roles in multinational enterprises, government agencies or financial institutions.

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 to a Masters programme at HenleyHenley Business School. You can ask questions to a current student by clicking the "Chat to our students" button below.

When contacting one of our students, please introduce yourself and the Masters programme you have applied for.

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