MPhil Accounting and Finance

Please note for the majority of projects where experimentation requires further resource: higher fee bands (where quoted) will be charged rather than the base rate for supervision, administration and computational costs. The fees quoted above will be fully inclusive and, therefore, you will not be required to pay any additional bench fees or administration costs.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of the course 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 . Always contact the department if you are unsure which fee applies to your project.

• Bachelor's (Honours) degree at 2:1 or above (or overseas equivalent)
• Professional qualifications other than a Bachelor's Degree and/or relevant and appropriate experience may be taken into account for entry to a PhD programme.

International applicants must provide one of the following:

• IELTS test minimum scores - 7.0 overall, 6.5 other sections.
• TOEFL (internet based) test minimum scores - 100 overall, 25 in all sections.
• Pearson Test of English (PTE) UKVI/SELT or PTE Academic minimum scores - 76 overall, 76 in writing, 70 in other sections.
• To demonstrate that you have taken an undergraduate or postgraduate degree in a majority English speaking nation within the last 5 years.
• Other tests may be considered.

We accept a range of qualifications from different countries. For these and general requirements including English language see entry requirements from your country.

The University requires you to reside within a commutable distance from Manchester during your time as a registered student, unless you are on approved fieldwork/a formal placement or are on a period of Submission pending. This is to ensure that you are able to meet attendance expectations and participate in wider research activities within your discipline area and/or School.

As part of the offer making process, applicants will be required to undertake an interview assessment. This may be in the form of an in-person interview or video call.

The interview is designed to assess your knowledge and understanding of the broad topic area, the viability of your proposed research and its intellectual contribution, alongside the fit of your project with the supervisory team. You also may be asked to identify and address any potential ethical considerations in relation to your proposed research, and discuss how best to progress your ideas in line with University of Manchester ethics guidance.

The interview panel will consist at minimum of your proposed primary supervisor and an independent interviewer.

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 programme.

Humanities Doctoral Academy

Our Humanities Doctoral Academy combines the strengths of our four schools to bring expertise, knowledge, support and high-quality services for postgraduate researchers.

We are a community of academic leaders and postgraduate researchers across all levels in the Faculty of Humanities. The Doctoral Academy Hub houses our specialist professional service teams who support postgraduate researchers throughout the programme journey.

This includes admissions, registration, student experience, progression, examination, and graduation. We collaborate closely with other University directorates including Manchester Doctoral College, Researcher Development team, and the corresponding Doctoral Academies. Together we provide the best experience and support for your studies and research

REF 2021

In the 2021 Research Excellence Framework (REF2021) 'Accounting and Finance' was assessed as part of our 'Business and Management Studies' submission. We were ranked 3rd in the UK for research power and top 10 in the UK (by GPA) among the 108 departments assessed.

91% of our research was judged to be in the highest two categories (4*) 'world-leading' or (3*) 'internationally excellent'. Our research environment was also judged to be strong, with 100% judged to be (4*) 'world-leading' or (3*) 'internationally excellent'. Read more about our research at Alliance Manchester Business School.

EDI

Equality, diversity and inclusion is fundamental to the success of The University of Manchester, and is at the heart of all of our activities. We know that diversity strengthens our research community, leading to enhanced research creativity, productivity and quality, and societal and economic impact.

We actively encourage applicants from diverse career paths and backgrounds and from all sections of the community, regardless of age, disability, ethnicity, gender, gender expression, sexual orientation and transgender status.

All appointments are made on merit. The University of Manchester and our external partners are fully committed to equality, diversity and inclusion.

Our research activitiy is grouped by:

Corporate Reporting, Auditing and Business Group (CRAB) - covers reporting financial performance; accruals management and other accounting choices; market based accounting research; financial communication (both formal and informal); accounting based valuation models; the information transmission role of analysts; earnings timeliness and accounting conservatism; accounting policy choice; executive reward structures.

Auditing Group - captures work on the roles and methods of auditing; the contribution of auditing to processes of corporate governance; regulation of the auditing profession; and the contemporary developments in public/private sector auditing, in particular the changing international nature of audit regulation.

Business and Public Policy Group - focuses on management strategy, using political economy to analyse the underlying business and public policy issues; the group has expertise on sectors such as cars and media; studies major corporations such as Ford and GE; and focuses on new styles of public sector management, including the implications of private finance for public services.

Finance Group :

• Asset Pricing, Market Efficiency and Investment Analysis - empirical research includes the testing of asset pricing models, and the related areas of anomalies, return predictability and behavioural finance; portfolio theory in the presence of background risk, dynamic asset allocation, and performance measurement. 
• Financial Markets and Derivatives - including research on interest rate models and the pricing of interest rate derivatives; option pricing and techniques; volatility. 
• Corporate Finance - empirical research in the areas of IPOs, corporate governance, new and emerging stock markets, and venture capital. 
• Financial Econometrics - research including asymmetric response models, nonlinear models of share price behaviour, extreme value theory, and volatility modelling.

Management Accounting and Information Systems (MAISY) Group - incorporates management accounting and management information systems specialists.

Management Accounting Group - is especially strong in organisational, political economy and social theory approaches to accounting research utilising intensive case study methods. Particular interest is given to management accounting change and implementation.

Information Systems Group - interests include organisational, behavioural, theoretical issues relevant to the design, development, implementation/management of information technology and technological innovations.