MSc Development Finance

Year of entry: 2021

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Overview

Degree awarded
Master of Science (MSc)
Duration
12 months (full-time); 24 months (part-time)
Entry requirements

We require a UK bachelor's degree with a First or Upper Second (2.1) classification or the overseas equivalent in Economics or a related discipline. Candidates should demonstrate a background in microeconomics, macroeconomics and statistics and achieve scores of 2.1 or above in relevant modules.  

When assessing your academic record we take into account the grades you have achieved, your academic references and the standing of the institution where you studied your qualification.

Full entry requirements

How to apply

Apply online  

Due to the high demand for this course, we operate a staged admissions process with selection deadlines throughout the year.

This is a competitive application process and preference will be given to applicants with grades above our minimum entry requirements. 

  • Stage 1 : Applications received by 30 October 2020; decisions communicated by 29 January 2021.
  • Stage 2: Applications received by 8 January 2021; decisions communicated by 26 March 2021.
  • Stage 3: Applications received by 5 March 2021; decisions communicated by 7 May 2021.
  • Stage 4: Applications received by 30 April 2021; decisions communicated by 2 July 2021.

You need to ensure that you submit all your supporting documents with your online application. We can accept your application before you complete your undergraduate studies as long as you submit your latest interim transcripts with your application.  

Whilst we aim to give you a decision by the decision date, in some instances due to the competition for places and the volume of applications received, it may be necessary to roll your application forward to the next deadline date. If this is the case we will let you know.

All places are subject to availability and the course may close before the later stages. We therefore recommend that you apply early in the admissions cycle. Applications received after the final deadline may be considered at our discretion if places are still available.

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y Y N N

Course overview

  • Study the theoretical approaches concerning development issues.
  • Gain a detailed knowledge of the key issues and debates in economic development.
  • Gain an appreciation of the diversity of development policies.
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Professor Diana Mitlin on how Manchester is leading the world in addressing global inequalities

Open days

The University holds regular open days, where you will have the opportunity to tour the campus and find out more about our facilities and courses.

On this day, you will find out more about the School of Environment, Education and Development and our resources, and meet academic and admissions staff who will be able to answer any questions you have.

For more information, see  Open days

Fees

For entry in the academic year beginning September 2021, the tuition fees are as follows:

  • MSc (full-time)
    UK students (per annum): £13,000
    International, including EU, students (per annum): £23,500
  • MSc (part-time)
    UK students (per annum): £6,500
    International, including EU, students (per annum): £11,750

Further information for EU students can be found on our dedicated EU page.

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for international students, for the course duration at the year of entry). For general fees information please visit postgraduate fees

Self-funded international applicants for this course will be required to pay a deposit of £1,000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

We offer a number of postgraduate taught scholarships and merit awards to outstanding applicants and international students.

In addition, the Manchester Alumni Scholarship Scheme offers a £3,000 reduction in tuition fees to University of Manchester alumni who achieved a first-class bachelor's degree in the last three years and are progressing to a postgraduate taught master's course.

For more information, see Fees and funding or search the University's postgraduate funding database .

Contact details

School/Faculty
School of Environment, Education and Development
Contact name
School of Environment, Education and Development +44 (0) 161 543 4028
Email
Website
http://www.seed.manchester.ac.uk/
School/Faculty
See: The School .

Courses in related subject areas

Use the links below to view lists of courses in related subject areas.

Entry requirements

Academic entry qualification overview

We require a UK bachelor's degree with a First or Upper Second (2.1) classification or the overseas equivalent in Economics or a related discipline. Candidates should demonstrate a background in microeconomics, macroeconomics and statistics and achieve scores of 2.1 or above in relevant modules.  

When assessing your academic record we take into account the grades you have achieved, your academic references and the standing of the institution where you studied your qualification.

English language

Applicants whose first language is not English should meet the following language requirements:

  • IELTS (Academic) test score of 6.5 or more overall, with a minimum writing score of 6.5 and no other subsection below 6.0
  • TOEFL internet-based test score of 90 or more overall, with a minimum writing score of 22 and no other subsection below 20
  • Pearson Test of English score of 59 or more overall, with a minimum writing score of 59 and no other subsection below 59
  • Cambridge Certificate of Advanced English (CAE) or Certificate of Proficiency in English (CPE) overall score of 176 or above, with 176 in writing and no sub-section below 169 -OR- Grade C if taken before January 2015(Please note that the Cambridge First Certificate in English is not acceptable)

You are not required to submit an English language certificate at the time of application, however if you are eligible for an offer it will be subject to meeting our English language requirements.

Pre-sessional courses

We will consider applicants who do not meet these scores but you may be required to complete a pre-sessional English language course at the University of Manchester prior to the start of the course.

To be considered for a pre-sessional English language course for this programme we require the following minimum IELTS (Academic) scores:

6 Week Pre-Sessional Course:  Minimum 6.0 overall with minimum 6.0 in writing, no more than one subskill of 5.5 and no subskill below 5.5

If you have not yet completed your current academic study and are interested in studying a pre-sessional course, you must hold an IELTS for UKVI (Academic) test certificate to ensure that you are eligible for a separate visa for the English language course.

English language test validity

Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.

Applicants from Majority English-speaking countries

If you are a national of a  majority English-speaking country  (or have studied for a full bachelor¿s degree or higher from one of these countries) you may be exempt from submitting further evidence of English language proficiency.

Other international entry requirements

We accept a range of qualifications from across the globe. To help international students the university provides specific information for many individual countries. Please see our  country-specific information page  for guidance on the academic and English language qualifications which may be accepted from your country.

Professional entry qualification

If you do not meet our academic entry qualification criterion, your admission may still be approved if satisfactory evidence of postgraduate study, research or substantial relevant professional experience can be provided.

Application and selection

How to apply

Apply online  

Due to the high demand for this course, we operate a staged admissions process with selection deadlines throughout the year.

This is a competitive application process and preference will be given to applicants with grades above our minimum entry requirements. 

  • Stage 1 : Applications received by 30 October 2020; decisions communicated by 29 January 2021.
  • Stage 2: Applications received by 8 January 2021; decisions communicated by 26 March 2021.
  • Stage 3: Applications received by 5 March 2021; decisions communicated by 7 May 2021.
  • Stage 4: Applications received by 30 April 2021; decisions communicated by 2 July 2021.

You need to ensure that you submit all your supporting documents with your online application. We can accept your application before you complete your undergraduate studies as long as you submit your latest interim transcripts with your application.  

Whilst we aim to give you a decision by the decision date, in some instances due to the competition for places and the volume of applications received, it may be necessary to roll your application forward to the next deadline date. If this is the case we will let you know.

All places are subject to availability and the course may close before the later stages. We therefore recommend that you apply early in the admissions cycle. Applications received after the final deadline may be considered at our discretion if places are still available.

Advice to applicants

Please submit the following documents with your completed application form:

  • copies of official degree certificates and transcripts of your previous study, showing the subjects taken and grades obtained. If these documents are in languages other than English please provide official translations;
  • two written academic references on official institution letterhead, signed, dated, stamped and containing the official university email address of your referees. Alternatively, your referees can send us the reference letters directly from their official university email address. If you have had a substantial period away from any formal learning, professional references may be considered. Professional references should be written on official company letterhead, signed, dated, stamped and containing the professional email address of your referees. Alternatively, your referees can send us the reference letters directly from their professional email address.
  • a personal statement (500-700 words) addressing how MSc in Development Finance will contribute to your future career plans ;
  • your CV;
  • copies of English Language Certification, eg IELTS, TOEFL or Pearson test score report.
Ensure that you enclose all the necessary documents, as the delay caused in having to seek any missing documents from you might adversely prejudice your application.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. 

In your new application, you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

Course details

Course description

MSc Development Finance will provide you with a thorough understanding of specific aspects of development finance, recognising that finance-related issues are increasingly important in development.

It will equip you with the necessary skills to make a meaningful contribution to policy formulation and implementation, by focusing on financial development policy and financial management, with specific reference to developing countries.

You will apply different approaches to the collection, analysis and presentation of data, as well as in critically evaluating specific issues of development, and gathering, organising and using evidence and information from a wide variety of sources.

The course provides skills in identifying, investigating and justifying possible solutions to problems arising out of the theory and practice of economic development. These also include competency in developing a reasoned argument, critically considering data sources and defending different approaches.

By the end of the course, you should have obtained a detailed knowledge of the key issues and debates in various aspects of economic development, familiarity with theoretical approaches concerning development problems and an appreciation of the diversity of development policies.

Aims

On completion of the programme, you will have acquired the following skills and capabilities:
  • an ability to critically analyse the techniques and procedures for financial sector development, management and accounting;
  • an ability to apply these techniques and procedures in a professionally competent manner;
  • the ability to undertake independent research, and to present research findings in a form that can be disseminated effectively to users.

Special features

  • We're Europe's largest dedicated development research and teaching institute and have been at the forefront of development studies for over 60 years .
  • We're ranked 6th in the UK and 9th in the world for development studies (QS World University Rankings by Subject 2020).
  • Our research was ranked first in the UK for impact and second in the UK for quality in the most recent Research Excellence Framework (REF 2014).
  • We are proud to tackle global inequalities and rank first in the UK for our impact on the Sustainable Development Goals ( THE Impact Rankings 2020 ).
  • We bring cutting-edge insights from our research into all our postgraduate teaching. Our courses bring different development perspectives and voices to Manchester, from activists from the Global South to the leaders of multinational companies.
  • We are home to the internationally-recognised Effective States and Inclusive Development and FutureDAMS research centres.
  • Students are part of our vibrant research community this includes our public lecture series which brings world experts, former heads of state, and leading development thinkers, to discuss current issues in development.
  • We have numerous scholarship opportunities for outstanding applicants.

Teaching and learning

Part-time students complete the course over 24 months. There are no evening or weekend course units available; you should, therefore, discuss course requirements with the Programme Director and seek approval from your employer. Timetabling information is usually available from late August. You can discuss course unit choices during induction week with the Programme Director.

Coursework and assessment

The taught element of the course, carrying 120 credits overall, is continuously assessed by a variety of methods (eg project-based reports, essays), involving largely individual submissions, but also elements of group work.

You must also complete a 12,000-15,000 word dissertation on a topic of your choice approved by the Programme Directors. You are encouraged to base your dissertation on topics of direct professional concern.

Course unit list

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Research Skills for Economic Development 1 (Quantitative Methods) MGDI60301 15 Mandatory
Research Skills for Economic Development 2 (Applied Quantitative Skills) MGDI60302 15 Mandatory
Microfinance MGDI60362 15 Mandatory
Economic Development MGDI60711 15 Mandatory
International Finance for Development MGDI72121 15 Mandatory
Contemporary Issues in Development Finance MGDI72162 15 Mandatory
Industrial Competitiveness and Global Transformation MGDI60002 15 Optional
Public Sector Reform and Management MGDI60081 15 Optional
Work and Employment in the Global Economy MGDI60131 15 Optional
Behavioural Experiments, Quantitative Field Research and Development Policy MGDI60191 15 Optional
Gender Inequality: Theory and Evidence MGDI60202 15 Optional
Globalisation, Trade and Development MGDI60271 15 Optional
Trade Theory and Development MGDI60291 15 Optional
Research Skills for Economic Development 2 (Applied Quantitative Skills) MGDI60302 15 Optional
Financing Social Protection MGDI60372 15 Optional
Development Macroeconomics MGDI60581 15 Optional
Political Economics for Development MGDI60611 15 Optional
ICTs & Socio-Economic Development MGDI60701 15 Optional
Economic Analysis of the Public Sector MGDI61091 15 Optional
Anti-Poverty Transfers MGDI61512 15 Optional
Financing Projects MGDI61961 15 Optional
Risk Management MGDI71432 15 Optional
Economics of Governance and Development MGDI72152 15 Optional
Displaying 10 of 23 course units

Scholarships and bursaries

There are many internal and external funding opportunities for postgraduate study.

We offer several postgraduate taught scholarships to outstanding applicants. We also regularly welcome students on the University's Equity and Merit scholarship scheme.

The Manchester Alumni Scholarship Scheme offers a £3,000 reduction in tuition fees to University of Manchester alumni who achieved a first-class Bachelor's degree and are progressing to a postgraduate taught master's course.

Many of our students have gained British Chevening, British Council or Commonwealth scholarships, as well as country-specific awards.

For more information, see  fees and funding  or  search the University's postgraduate funding database .

What our students say

'I appreciated the conducive teaching and learning environment. Everyone, I mean everyone is willing to help - from the senior academics down to the library receptionists. The atmosphere is just inspiring! Did I mention about the vibrant nature of the city? I just love the city of Manchester... it is about creativity and innovation.'

Bala Yusuf Yunusa, MSc in Development Finance 

Disability support

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

For more information, email  dass@manchester.ac.uk

Careers

Career opportunities

This course is intended primarily for those with experience of international organisations, the public/private sector and NGOs, those involved in policy formulation and implementation, or those intending to pursue a career in the field of development finance.

Our teaching aims to support students from all backgrounds to acquire valuable knowledge, skills and attributes to achieve their educational and professional goals. It includes regular contributions from researchers and practitioners with a view to equip our students to make a positive difference in their chosen sphere.

NGOs and third sector organisations

Our teaching and research aims are suited to work in non-government and civil society organisations where you take on a range of roles from policy advisors, project managers, HR and communications staff. Our alumni can be found at large international NGOs like Oxfam as well as in many smaller organisations.

Government and policy

Graduates can be found in national governments, multilateral organisations and policy influencing positions around the world, in organisations including DFID, the World Bank, African Union, United Nations and as civil servants around the world.

Private sector

Our focus on how businesses and the private sector can play a role in development enables you to gain employment in multinational organisations, private sector firms or to start your own organisations addressing some of the biggest global challenges.

Research and teaching

Our master's courses provide you with a strong theoretical foundation for further study. Alumni find employment in research and teaching positions at universities and research institutes around the world.

Top employers include:

  • African Union;
  • Oxfam;
  • Inter-American Development Bank;
  • Care;
  • Mercy Corps;
  • The British Council;
  • the World Bank;
  • the Department for International Development;
  • United Nations;
  • USAID.

Find out more about our alumni and some of our notable former students .

Careers support

The University has its own dedicated Careers Service that you would have full access to as a student and for two years after you graduate. At Manchester you will have access to a number of opportunities to help boost your employability .

Careers support for international students

The Careers Service provides specialist resources, advice and events to help with career planning and making the most of your time while studying in Manchester.

Global networks

The University of Manchester is proud to have the largest global alumni community of any campus-based university in the UK. After your course, you'll join our 10,000 strong alumni network . We'll keep you up-to-date with all the new insights and implications from our research.

International alumni groups are a great way to keep in touch with fellow Manchester graduates in your country. It is an opportunity to build professional and social networks.

You can view the alumni networks already operating across the globe, here .