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Masters in International Business and Finance

At a glance

  • Develop an understanding of the international business environment and its competitive investment climate
  • Investigate the interaction between firm strategies, economic policies and the changing international environment
  • Complete an international study challenge through an overseas study visit
  • Deepen your global perspective by studying in different international learning environments
  • Gain an understanding of the international business environment determined by policies and regulations established by governments and supra-national institutions
Level
Masters
Subject area(s)
International Business
Award
MSc
Duration
12 months
Attendance
Full-time
Programme Director
Quyen Nguyen 75e5pfimu
Dr Quyen Nguyen

Overview

In this Masters programme, you will examine 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.

You will gain an understanding of the international business environment and its competitive and investment climate. Using frameworks and methodologies, you will also investigate the interaction between firm strategies, economic policies and the changing international environment.

Compulsory modules Credits

This module provides you with the foundation necessary to successfully understand and apply the quantitative techniques commonly used in the finance industry. The lecture covers the theory and key concepts. The seminars and workshop provide the opportunity to emphasise the practical applications of the techniques in the global financial markets.

Academic authors
Dr gita persand 397 3 Gita Persand 75e5pfi5g
Dr Gita Persand
0 [0 ECTS credits]

This module provides an introduction to international financial markets and an overview of financial institutions. The main characteristics and risks of a range of financial markets are presented: equity, fixed income, foreign exchange, futures and commodity markets. A series of interactive workshops are used to learn about ethical investing and alternative trading systems.

To provide an economic framework for understanding global financial markets, financial institutions, market players and the importance of liquidity and price efficiency. Participants will gain an understanding of commercial and investment banks, mutual funds, central banks, stock, bond and repo markets. Also, participants will learn about specific characteristics and risks of foreign exchange markets as well as futures markets and commodity markets.

Students will become familiar with different firms in the industry, how they differ from each other and the various careers available within the industry as an aid to their own career development.

Academic authors
Dr alfonso dufour 397 3 Alfonso Dufour 75e5pfi5e
Dr Alfonso Dufour
10

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

Academic authors
Professor rajneesh narula 397 3 Rajneesh Narula 75e5pfi6j
Professor Rajneesh Narula
Jong Min Lee002 2 2 75e5pfilu
Dr Jong Min Lee
20 [10 ECTS credits]
To strengthen students’ ability to make best use of the learning opportunities during the MSc degree course. To provide students with an understanding of what is required to perform well in essays, dissertations, report writing and examinations at Henley Business School. To provide students with an awareness of the appropriate use of methodology, theory, data, literature reviews and original research in a Masters dissertation/project.

Academic authors
Professor peter scott 397 3 Peter Scott 75e5pfi6j
Professor Peter Scott
0 [0 ECTS credits]

This course studies the contemporary international business environment from a macro, meso, and micro economic perspective. Theories from economics, political science, economic geography, and international business are examined. Students learn about global economic developments, the role of institutions and political economics systems, and the impact of technological changes and the differences of regional and national locations in business.

Academic authors
Jose Eduardo Ibarra Olivo
Dr J. Eduardo Ibarra-Olivo
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

Academic authors
Quyen Nguyen 75e5pfimu
Dr Quyen Nguyen
20 [10 ECTS credits]

This module focuses on cash securities evaluation (fixed income, equity, and FX) and the use of these securities for investments (derivatives and portfolio theory).

Part I of the module applies general valuation methods to specific financial instruments: fixed income, equity securities, and FX. It describes the characteristics of each security/market and develops practical strategies for finding its value and assessing its risk.

Part II of the module provides an in-depth introduction to financial derivatives (futures and options) and their evaluation. Part III of the module analyses the main framework behind portfolio theory and optimum asset allocation, followed by the introduction of the main pricing models, their applications and limitation.

Equity and FX trading simulations sessions (INVEST sessions) are paired with the modules. Exercises based on Eikon, and Bloomberg data will be used.

The module deals with the valuation of fixed income and equity securities. It focuses on the basic characteristics of each security and the strategies used for approximating their fundamental value and assessing their risk. Its primary aim is to discuss how certain characteristics and relationships can affect the value of fixed income and equity securities and how can they be exploited to form optimal investment strategies. The module also develops ways of optimally selecting portfolios of assets and develops models of how these portfolios may be priced in financial markets. Through a detailed overview of derivatives instruments, their characteristics and valuation, it is shown how they can enhance portfolio returns and help in the management of investment risk. The analytical techniques introduced in this module are widely applied in other elements of the programme.

30

Optional Modules

Students must choose 80 credits of optional modules to complete a total of 180 credits. 20 of these credits must be in Finance.

Optional modules Credits

This investment 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.

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.

Academic authors
Linda Arch 400x267 75ivyso5x
Dr Linda Arch
10 [5 ECTS credits]

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 accountability.

Academic authors
Deepa govindarajan driver 750 3 Deepa Govindarajan 75e5pfi5e
Ms Deepa Govindarajan Driver
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.

Academic authors
Deepa govindarajan driver 750 3 Deepa Govindarajan 75e5pfi5e
Ms Deepa Govindarajan Driver
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]

Students choose a finance question that is of interest to them, and produce a Research Project which addresses their question. The Research Project starts in the middle of the Autumn term, and continues during the Spring term. This gives students plenty of time to complete their Research Project, and the flexibility to phase it to fit in with other demands on their time. The Research Project usually involves the analysis of data. At the start, each student is allocated an academic supervisor who offers advice on their Research Project. Student assessment is based solely on the quality of their Research Project, which is submitted on the first day of the Summer term.

Academic authors
Professor charles sutcliffe 397 3 Charles Sutcliffe 75e5pfi6h
Professor Charles Sutcliffe
20 [10 ECTS credits]

In this module students will have an opportunity to draw on knowledge and experience gained across the programme and apply them to a contemporary business or management problem or issue. Projects can be developed in conjunction with specific organizations (upon availability) or can be student-led.

Academic authors
Jong Min Lee002 2 2 75e5pfilu
Dr Jong Min Lee
10 [5 ECTS credits]

In this module students will have an opportunity to draw on knowledge and experience gained across the programme and apply them to a contemporary business or management problem or issue. Projects can be developed in conjunction with specific organizations (upon availability) or can be student-led.

Academic authors
Professor peter scott 397 3 Peter Scott 75e5pfi6j
Professor Peter Scott
20 [10 ECTS credits]

This module is designed for advanced Master’s students and doctoral students. It has a very high technical content. It aims to equip the students with the foundations of theoretical asset pricing and with the relevant skills for performing empirical tests. The objective of the module is to prepare students to become independent and quality researchers.

Academic authors
Marcel Prokopczuk mtime20200428162716
Professor Marcel Prokopczuk
20 [10 ECTS credits]

This is a less quantitative option that offers an in-depth study of an important financial product - stock index futures. For almost all countries, the value of trading in stock index futures exceeds the total value of trading in all the equities listed on the underlying stock market. So stock index futures are very liquid financial instruments with an important role in financial markets. They are used by fund managers, arbitrageurs, hedgers, speculators, investment banks, pension funds, etc. for a wide variety of reasons. The aim of this module is to understand why this very large market exists, and how it works. Much of this material on how stock index futures markets work also applies to other futures markets, e.g. currencies, energy, metals, agricultural commodities.

Academic authors
Professor charles sutcliffe 397 3 Charles Sutcliffe 75e5pfi6h
Professor Charles Sutcliffe
20 [10 ECTS credits]

This module tracks the M&A process from the strategic decision to undertake mergers and acquisitions, through the deal-making process and then considers the extent to which M&A activity produces the desired results

10 [5 ECTS credits]

The module or course content descriptions set out on this page are correct for those being taught in the current academic year. Modules or course content marked as optional are indicative and may be subject to change.

A holistic approach

Effective leadership requires more than first-class business acumen, it also requires a degree of self-awareness and sensitivity. Our Masters programmes offer you a unique practice-centred approach to teaching equipping you with the tools to become a compelling leader. This approach creates emotionally intelligent graduates who can be fully effective in their chosen careers.

How you will learn

Henley has 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 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 between 50 - 70% of the assessed work. The remaining comes from coursework, in class tests, written dissertation or project depending on your chosen programme.

Ongoing support

While Masters 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 academic tutor can meet with you regularly. Support staff are here to help with anything that may arise during your time at Henley.

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

After graduating from this postgraduate course, you may follow a variety of career paths in finance or general management. This could be working for a range of employers such as large corporations or multinational enterprises, banks, securities companies or government agencies.

You will learn the necessary skills and knowledge to build a career in finance. This includes roles in multinational enterprises, government agencies or financial institutions.

Our students and alumni are always keen to share their Henley experience. Whether you are a prospective applicant or already applied to a Masters programme at Henley 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.

Speak to a current student

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.