Business and Management

Study mode:On campus Study type:Full-time Languages: English
Local:$ 16.2 k / Year(s) Foreign:$ 19.6 k / Year(s)  
401–500 place StudyQA ranking:5338 Duration:12 months

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The MSc Business and Management (MBM) is a twelve month full-time programme commencing each September. The degree provides a solid understanding of how organizations work and helps participants hone the skills and awareness they need to operate effectively within them. This makes the MBM an excellent choice as a path into business management as well as those looking to gain a competitive edge in todays job market.

The MBM is accredited by the Association of MBAs (AMBA) as a Pre-Experience Masters in Management. The programme has consistently featured in the Financial Times global masters in management ranking, currently being ranked 5th in the UK and 36th in the world. In concert with the business schools triple accreditation, these factors provide evidence and assurance of the quality of the degree.

The MBM is designed to help participants realise their potential as managers and leaders in the organizations of today and tomorrow. This emphasis on self development and self discovery extends what the course involves well beyond the bounds of the classroom. The information on this site will help you understand more about the degree, but also its ethos and why a year on the MBM can be an inspiring, transformational experience.

Class by class overview
Professional Management Practice (20 credits)
This class develops your awareness and capabilities as a manager. It utilises a Personal Development Plan (PDP) process to help you critically evaluate how you the skills and attributes needed to be effective and, over the course of the year, provides workshops and exercises to help you identify and move towards fulfilling your potential.



Business Operations (10 credits)
Every organization has, at its heart, a systematised means of transforming and delivering its goods or service. This class considers the key aspects of design, planning and control of operating systems in a global context. By examining the practice of leading organizations it will help you understand how organizations configure their operations and the challenges involved in managing them.



Marketing Management (10 credits)
The nature of how we think about markets, and the activities involved in trying to understand and communicate with customers, is changing rapidly. This class examines contemporary international practice, exploring the major concepts and techniques involved in the marketing planning process. It will help you analyse what companies are offering, how customers behave, and ultimately identify what they need to do next to deliver on their objectives.



Managing People in Organisations (10 credits)
With organizations increasingly becoming global in scale and ever more interconnected, understanding the challenges this presents for managing those employed by firms is vitally important. This class provides insight into how organizations function and how this influences individual behaviour. It will also help you understand the key theories that will make you a more effective manager and leader.



Finance and Financial Management (10 credits)
This class will introduce you to the principles needed to understand the nature of financial markets and institutions, corporate financial theory and financial decision making. It examines the core concepts and valuation models involved in pricing securities, the choices firms make over how to fund themselves and the techniques used to evaluate internal investment proposals.



Managerial Accounting (10 credits)
As a manager the ability to use accounting information, especially for decision taking purposes, is vital. This class develops your ability to understand the nature and limitations of the information provided in the external, and internal, financial reports. It introduces some of the accounting techniques underlying business activity, and builds your awareness of the financial implications of strategic and operational decisions.



Analytical Support for Decision Making (10 credits)
This class develops skills in the effective practice of business analysis through the application of tools and techniques and to develop an appreciation of the issues which may require careful management if the decisions made are to be based upon valid data and models.



Business Economics (10 credits)
Understanding how the economics of the market economy operates has never been so important for managers. The class builds a foundation for understanding business , markets and the development of strategy by enhancing your understanding of the macro economic processes that affect the global economy, and the micro level processes within, and between, firms.



Business Strategy (10 credits)
This class provides opportunities to explore, understand and apply the language of strategy and strategic management. By examining real-life organizations, you will develop your understanding of the forces within their contextual and transactional environments that influence their strategy, and by applying different strategic frameworks, develop the ability to critically analyse the strategic direction being adopted.



Elective Classes (2 x 10 credits)
In order to help you develop new skills and/or extend your knowledge in areas that you see as relevant to your personal learning objectives, students are asked to undertake two Elective Classes. These classes are chosen from a wide portfolio of elective subjects, which are revised annually to reflect the latest business thinking.



The MBM Project (60 credits)
The MBM project provides the opportunity to apply what you have learned to a practical situation. Working under the supervision of a member of faculty, you will spend time working individually, or in a group, on a topic of central interest to you in the area of Business and Management. You will learn the skills needed to develop a proposal and conduct an effective enquiry into your topic area, producing a report that is both informed and practical. MBM projects are diverse, with a vast array of industries and disciplines being undertaken. Many projects are undertaken with organizations and the business school may be able to assist in identifying appropriate clients.

First or second class Hours degree, or equivalent. The MSc Business and Management is primarily designed for those with non-business related degrees and is not suitable for those with general business degrees such as BA/BSc Business Studies or Bachelors in Commerce.For applicants whose first language is not English, an IELTS minimum overall band score of 6.5 (with no individual test score below 5.5) or TOEFL iBT minimum total score 90-95 (minimum scores of 21 in Listening and Writing, 22 in Reading and 23 in Speaking) s required.There is no requirement for prior work experience, although many students on the course have worked for a couple of years. The course is not, however, suitable for those who have extensive experience.Finally, as the course involves a fair amount of work on word processing and spreadsheet packages, a reasonable level of competence in both is advisable. English Language Requirements IELTS band: 6.5 TOEFL paper-based test score : 600 TOEFL iBT® test: 95 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Accreditation

Less than 1% of business schools in the world hold "triple accreditation" - Strathclyde is one of them. Currently, only a handful of business schools out of around 3500 worldwide have been fully accredited.

These accreditations are rigorous processes that involve assessment of numerous aspects of the school and its programmes. Typically, this involves the business school submitting an in-depth self-analysis report for scrutiny by these bodies, followed by a visiting panel and the consequent interviewing of current students, staff, alumni, corporate clients and employers. These bodies have no obligation to make an award - indeed, many business schools are unsuccessful in their application. All the more reason for us to promote this achievement.

What is Accreditation?

Accreditation is an extensive quality control process normally carried out by teams of professional assessors assisted by senior management from other Management Schools. The primary objectives of the world's leading accreditation bodies differ.

Accreditation in detail

There are three international accrediting bodies for business schools. These are :

* AACSB International - the Association to Advance Collegiate Schools of Business, based in the USA
* EQUIS - the quality assurance scheme run by the European Foundation for Management Development (efmd) and based in Brussels
* AMBA - the Association of MBAs, based in the UK

To achieve accreditation by one of these bodies is an achievement in itself. To achieve accreditation by all three bodies is a truly outstanding accomplishment and one to be proud of.

While AACSB and EQUIS accredit the business school as a whole, AMBA accredits programmes. Initially only accrediting MBA programmes, AMBA now accredits other Masters programmes. Having held accreditation for its MBA programme for many years, Strathclydes MBM and the Strathclyde SKIL MiM (India) programmes have also now been fully accredited.

In addition to triple accreditation, Strathclyde Business School is Europe's first university faculty to be awarded a licence to operate an MBA programme in the United Arab Emirates.

It was scrutinised by the deans of three top US Business Schools as part of the process carried out by the UAE Commission for Academic Accreditation. The licence establishes the school as an educational institution officially recognised by the UAE government.



External recognition
Rankings are just one aspect of a business school's reputation but many applicants rely on rankings produced by newspapers, such as the Financial Times, to judge the standing of a business school. While we participate in these rankings, and understand the importance given to them by applicants, students and alumni alike, they can only provide a snapshot view of a school based on certain, selective criteria.

We have always emphasised the importance of taking a more measured approach and considering all aspects which affect a business schools reputation, such as the school's research rating, teaching standards, and accreditation, which provides an objective and independent measure of all aspects of a business school.

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