1

Accounting, Banking, Business Administration, Corporate Risk & Security Management,

Financial Markets, Information Systems, Management Science, Risk Management.

This booklet aims to give a general outline of postgraduate study but should be used for guidance
only, as changes may be made.

The School of Management

The School of Management is the University’s 'one stop shop for management', co-ordinated by
the Department of Management. This booklet provides outline information on
the School’s two MBAs, ten MScs and PhD programmes.

The School is located in refurbished (1997) accommodation on the University’s attractive main
campus, along with Department of Management staff, special teaching, study and computer
facilities.

Since 1996, the School has enjoyed sustained growth, trebling its intake from 90 students to over
250 students on 11 Master’s level programmes. The School is internationally renowned for
academic excellence, and is recognised as one of the UK's leading centres for management
education. In the 1996 Research Assessment Exercise, the Department achieved the excellent
rating of 5, placing it in the top 10 per cent of UK Management Schools. The partner departments
in the School of Management involved with Master’s level programmes all achieved 5 ratings as
well.

Further Information

The Postgraduate Programmes Administrator

Department of Management
University of Southampton
Southampton, SO17 1BJ, UK
Telephone: (023) 8059 3076
Fax: (023) 8059 3844
Email: mgtmail2@soton.ac.uk.

More information about the Department can also be found on the website:
www.management.soton.ac.uk

Department of Management Instructional Programmes

Diploma/MSc and Diploma/MBA programmes

Each programme consists of a set of taught courses assessed by a mixture of coursework and
formal examinations. Following successful completion of the courses/modules and
examinations, you become eligible for the award of the Diploma and are permitted to proceed to
the next phase of the programme. Under the supervision of a member of staff
you carry out original work in your chosen field of study, which is written up in the form of a
Masters dissertation. Following successful examination of the dissertation you are awarded a
Masters degree.

For Business Administration the MBA is awarded. For all other programmes the degree of Master
of Science in the Social Sciences (MSc(SocSci)) is awarded. The Diploma may be awarded only
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in cases where the Masters degree is not awarded.

Admission

The entry requirement is normally a first or second class honours degree from a UK university, or
an equivalent professional or overseas qualification in an appropriate subject. For most of the
programmes the range of appropriate subjects is very broad and includes many apparently non-
relevant disciplines. If you have qualifications other than a degree, with a relevant professional
experience and evidence of ability, you will also be considered.

For admission to one of the MBA programmes there is an additional requirement of at least three
years relevant managerial experience. Applicants may be asked to sit the Graduate Management
Admissions Test (GMAT). The other MBA programme is designed for recent graduates with no
formal professional work experience.

If you wish to apply for one of the Diploma/Masters programmes you should complete a
University of Southampton postgraduate application form and return it to the Academic Registrar.
Admission to the programmes depends, among other factors, upon evidence of ability to engage
satisfactorily in postgraduate studies. Wherever possible, you should enclose a record of your
undergraduate studies and grades, as well as the results of any tests taken - for example, GMAT.

On the application form you are asked to nominate two referees who are prepared to provide
written reports on your suitability for postgraduate study. You should ensure that your referees
are prepared to provide references.

Applicants whose first language is not English will be required to provide evidence of
competency in English by reaching an appropriate standard in an approved
test such as IELTS, TOEFL or the Cambridge Certificate of Proficiency in English. Test results
should be less than three years old.

Full-time study (semester courses)

Dip/MSc Accounting and Finance

Dip/MSc Accounting and Management Science
Dip/MSc Finance and Economics
Dip/MSc International Banking and Financial Studies
Dip/MSc International Financial Markets
Dip/MBA (for recent graduates).

All the above programmes can be followed on a one-year full-time basis with courses taught in a
weekly timetable throughout each semester. Teaching takes place during the Autumn, Spring and
Summer terms with formal examinations in January and June. This period covers, roughly, the
nine months from October to June.

If you pass the course assessments to a satisfactory standard you qualify for the award of the
Diploma and are permitted to continue work from July to September leading to the preparation
and submission of an MSc or MBA dissertation by the end of September. Your participation in a
full-time programme should therefore last twelve months.

Full-time and Part-time study (modular courses)

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Dip/MBA (for experienced managers)

Dip/MBA (for health sector managers)
Dip/MSc Aviation Management
Dip/MSc Corporate Risk and Security Management
Dip/MSc Information Systems
Dip/MSc Management Sciences
Dip/MSc Risk Management

Full-time study on modular programmes follows the same timing throughout the year, as outlined
above, but with a schedule of intensive two-day modules each week and some options are
available in evenings. Some modules may be scheduled during the Easter vacation.

The part-time programme in these subjects involves study for the Diploma over a period of 24
months (36 months for the Diploma in Business Administration) followed by six months work on
a dissertation for the Masters degree.

In the above programmes each single unit is taught over a two-day period. Typically full-time
students will take one unit per week with three weekdays available for private study and
coursework preparation. Part-time study involves an average of four days attendance at the
School of Management per month during term-time between October and May, in any convenient
pattern consistent with a two-year completion period (three years for the Diploma in Business
Administration).

Short courses

In addition to applying for the full-time or part-time Masters programmes, enquiries are welcome
from individuals or corporate groups wishing to attend selected units from any of the part-time
Masters programmes.

Dates for 2001/2002

Semester 1: Thursday 4 October 2001 - Saturday 2 February 2002

Semester 2: Monday 4 February 2002 - Saturday 22 June 2002
Christmas vacation: 16 December 2001 - 20 January 2002
Easter vacation: 24 March 2002 - 21 April 2002

Deadline for applications

International applicants are strongly advised to apply by May, and UK applicants are encouraged
to apply by July. Later applications may be successful, but may not be concluded in time for
registration.

Fees

The tuition fees for 2001/2002 were not available at the time of printing, but the following figures
may be used with a annual increase to be expected. Overseas students’ fees, where different, are
given in brackets.

MSc in Accounting and Finance

MSc in Accounting and Management Sciences
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Full-time only: £2,750 (£7,600)

MSc in International Banking and Financial Studies

Full time only: £4,250 (£7,600)
Sir E Holden Educational Trust bursaries (UK students) to the value of £2,750
UK bursaries to the value of £1,500

MSc in International Financial Markets

Full time only: £4,250 (£7,600)
UK bursaries to the value of £1,500

MBA (for recent graduates)

Full-time only: £9,650
UK/EU bursaries to the value of £3,500
UK/EU scholarships to the value of £5,500
International scholarships to the value of £1,500

MSc Corporate Risk and Security Management

MSc Information Systems
MSc Management Sciences
MSc Risk Management
Full-time £8,650 Part-time £4,325 (per year - two instalments)
UK/EU bursaries (self-funding students) to the value of £5,900
International bursaries (self-funding students) to the value of £1,050

MBA (for experienced managers)

full-time £11,200 part-time £11,840 (paid in four instalments of £2960)
UK/EU bursaries (self-funding students) to the value of £3,200
International bursaries (self-funding students) to the value of £1,550

ESRC Recognition

The Economic and Social Research Council (ESRC) has recognised the MSc programmes listed
below as Specialist Master’s Programmes. The programmes are eligible for Competitive
Advanced Coursework Awards of tuition fees (UK/EU students) plus maintenance (UK students
only). Each programme may nominate one candidate during April. As there are considerably
fewer awards than the number of candidates, the Department will nominate only students who
have obtained, or hope to obtain, a first class honours degree.

Accounting and Finance

Accounting and Management Science
Information Systems
International Banking and Financial Studies
International Financial Markets
Management Sciences
Risk Management

Diploma/Masters in Business Administration (for recent graduates)

The MBA stream, which is designed for graduates without previous work experience, provides
 5

participants with an understanding of the key issues and processes required by world-class
managers. (See page x for details of the MBA stream for experienced managers). The programme
aims to be exciting, stimulating and challenging. It develops a broad appreciation and
understanding of the principles, concepts, terminology, purpose and practice of management in
contemporary organisations.

The programme is designed to encourage a breadth of knowledge in key management disciplines

such as strategy, marketing, finance, accounting, human resource management, information
systems and economics. Electives and a group dissertation offer the prospect of further
specialisation.

The programme instils an appreciation of the value of the team in modern organisations and to
provide opportunities for the development of teamwork skills. The programme also enables
participants to discover those areas of management they might wish to pursue in future careers.

As students are attracted from all over the world, participants experience first-hand the
opportunities and challenges of multi-cultural team management. They are also given the
opportunity to develop an international network of contacts.

Programme objectives

On successful completion of the programme, participants will be able to:

• critically analyse business and management problems

• work effectively as a member of a team
• demonstrate relevant knowledge of organisations, the environment in which they operate,
and their management
• demonstrate proficiency in key skills required for senior management positions,
including: teamwork, leadership, self management, communication, planning, numeracy,
problem structuring and organisation
• demonstrate an understanding of, and be able to apply tools and techniques of key
management disciplines
• conduct and critically evaluate business and management research.

The programme is most likely to be attractive to a mixture of UK and international students who
wish to pursue careers in management and business. Students are likely to be recent graduates
with a degree in Social Sciences, Arts, Engineering or Sciences.

Programme Structure

This programme is only available on a full-time basis (please see page x for details). It is
designed to offer flexibility of choice around a broad set of core units. It consists of 24 units (each
of 4 CATS points) from the following list.

Core Units

Competitive Strategy Strategic Planning

Corporate Strategy Management Accounting
Corporate Finance* Management & Organisations
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Economics* Marketing
Financial Accounting Risk Management
H.R. Management A Quantitative Methods*
I.S. Management Research Methods*

Electives (choose six single units or equivalent)

Application of Business Skills

Decision Theory Management Accounting 2
Entrepreneurial Management Mathematical Programming*
Equity Markets* Operations Management
Financial Accounting Problem Structuring
H.R. Management B Project Management
I.S.Development Simulation
International Accounting* Systems Thinking
International Business
* double unit

Group Dissertations

On successful completion of the taught element of the programme, students are encouraged to
work in groups over a three to four month period on topics of a practical or applied nature. This
provides the opportunity of exploring management issues in depth, often working alongside an
organisation. The dissertation phase of the programme also provides students with the
opportunity to manage a team and to put into practice much of the theory of management
discussed during the programme. This activity enables students to develop key skills such a
teamwork, leadership, planning, self-management and communication.

Accreditation

On completion of the MBA programme, the Chartered Institute of Marketing (CIM) offers
exemptions from the first two stages of their professional examinations, and offers direct entry to
the final postgraduate stage, the Diploma in Marketing

Diploma/Masters in Business Administration

(for experienced managers and health sector managers)

The University of Southampton’s MBA, established in 1988, is a high quality programme which
is both academically rigorous and highly practical. The programme leads to a general
management qualification offered alongside several specialist Masters programmes within the
School of Management.

The University of Southampton has two MBA streams - one for recent graduates, (see page x)
and the other (outlined here) for professionals with at least three years managerial experience.
The modular MBA programme includes options specifically designed for managers in the Health
Sector. (Please note that the health stream requires managers to study all 18 core units and four of
the specialist health options).
 7

Participants on the MBA programme come from a wide range of disciplinary backgrounds and
from organisations in both the public and private sectors. All participants seek to develop their
understanding of business practice and to extend their competence as managers. The average age
of our MBA students is thirty-two, with a range from mid-twenties to mid-fifties. This range of
participants brings a wealth of managerial experience to the programme which participants are
encouraged to draw upon and share.

Programme Aims:

• to develop a critical awareness of management theory

• To provide a rigorous and challenging scheme of study for professionals in order to enhance
their effectiveness as managers
• To develop a broad appreciation and understanding of the principles, concepts, terminology,
purpose and practice of management in contemporary organisations
• To develop an awareness of the opportunities afforded by, and the constraints imposed by,
the environment in which organisations and their managers operate
• To provide opportunities for the development of key skills including teamwork, leadership,
planning, communication, self-management, problem solving, decision making and numeracy
• To provide a learning environment which is stimulating, challenging, informative and
supportive, to encourage self-awareness and to allow participants to discover areas of
management in which they might wish to further develop their knowledge and competence.

Learning Outcomes

On successful completion of the programme, students will be able to:

• Evaluate business and management problems in an analytical and critical manner

• Demonstrate in a structured manner, relevant knowledge and concepts, principles,
terminology and practices which apply to organisations, the environment in which they
operate, and their management
• Demonstrate an understanding of the tools and techniques of key management disciplines by
applying them to management problems
• Demonstrate a proficiency in key skills including, communication numeracy, teamworking,
self-management, planning, organisation and problem solving
• Design, develop, execute and report on a dissertation project in which students are required to
define an area of study or organisational problem, taking account of appropriate theory. (This
core element to the programme will develop key consultancy skills).
• Evaluate theory in key thematic areas such as managing change, organisational effectiveness
and quality management.

Programme Structure

The programme is available on a full-time or part-time

basis. Please refer to page 2 for details. Students take 24
(or equivalent) single units rated at 4 CATS points each.
At least ten options are available in any one year.

Compulsory Units
Accounting and Control* I.S. Management
Competitive Strategy I.S. Strategy
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Corporate Strategy Strategic Planning

Decision Theory
The Effective Manager
Effective Organisations*
Finance
H.R. Management (A)
Management & Organisations
Managerial Economics
Marketing
Project Management
Operations Management

Optional Units (choose six units – health sector managers choose two units)

Business Ethics International Business

Consultancy Skills
Economic Environment
Entrepreneurial Management
Financial Markets
H.R. Management B
I.S.Development
Languages*
Market Research
Operational Risk Management
Problem Structuring
Project Risk Management
* double unit

Health Options (choose four units)

Health Policy: Development of health policy in the UK

The approach, which is broadly historical, develops key policy debates within the NHS and the
wider policy context. It will focus on key issues such as accountability, professionalism,
managerialism and concerns about principles of equity, comprehensiveness and universality.

Health Informatics
This unit is designed to enable managers to understand more fully the need for, and the effect of,
computer based systems within healthcare and to relate organisational change to the current state
of informatics within healthcare. It will consider governance and audit as key drivers of
information systems development. The module will be concerned with information systems
within primary, secondary and tertiary care.

Performance Measures in Health

This module looks at theories of performance measurement. It looks critically at the current and
evolving interest in performance measurement in the health sector and relates the current and
evolving practice to the theory. Topics covered will include, for example the New National
Framework for Assessing Performance, and the roles of different agencies involved in
performance measurement.

Modelling in Health
This course will explore the use of modelling in healthcare both for increasing the efficiency of
health and hospital services and also for enhancing health policy planning. The aim of the course
will be to enable students to appreciate a variety of approaches to modelling in this context,
understand the process of modelling, develop and run simple models and to evaluate and criticise
their use in the health sector.

Pharmaceutical Risk
This unit explores the nature and extent of risk with pharmaceutical products and the
management of pharmaceutical risk by various stakeholders including the NHS and
pharmaceutical companies.
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Dissertations

Following completion of the taught units, students

undertake the study/writing of a dissertation.

Accreditation

On completion of the MBA programme, the Chartered Institute of Marketing (CIM) offers
exemptions from the first two stages of their professional exams, and offers direct entry to the
final postgraduate stage, the Diploma in Marketing.

Diploma/MSc in Management Sciences (ESRC recognised - see page x)

This Programme offers participants a wide-ranging introduction to the variety of methods,

models, techniques and tools which are available for coping effectively with the problems of
management in organisations and enterprises.

The approach adopted is, on the one hand, eclectic in scope, but, on the other, focused on
application in practical contexts. It emphasises the relationship between theory and practice, and
the way in which each informs the development of the other. Over the last few decades, the
complexity of managed organisations has increased enormously, and in recent years the
environment in which such organisations exist has become very much more exacting and
competitive.

To meet this challenge, the field of management science has expanded rapidly, and today offers a
range of approaches to management problems that integrates theory and practice from many
disciplines. At the same time, the process of using management science has become subject to
greater scrutiny, and the emphasis in the profession has moved towards the provision of
management science in a consultancy mode. The Management Sciences Programme reflects and
highlights these features.

Programme Objectives

To provide students with:

• A comprehensive overview of the techniques, methods and approaches of management

science in the context of practical application within organisations
• An appreciation of the range of tools (in particular, computer-based tools) available to
support effective management science practice
• An understanding of, and the ability to use, the practical skills that are required for effective
application of management science (in particular, consultancy skills)
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• The ability to approach management science practice in a manner characterised by a systemic

view, a readiness to deal with “soft” features of problems, a readiness to adopt mathematical
modelling where appropriate, and pluralism
• An appreciation and understanding of the methods of management science research sufficient
to serve as a basis for undertaking research in the discipline
• An appreciation and understanding of the diverse range of disciplines and associated types of
theory that inform management science, and the kinds of research approaches that have
contributed to management science knowledge
• An appreciation of the key issues and areas of debate within the management science
community (in particular, those issues concerned with effective application)
• An appreciation and understanding of the relationship between theory and practice,
concerning both how theoretical development supports practice, and how practical
application informs theoretical development (with emphasis on ‘theory of practice’).

Target Participants

Students with backgrounds in quantitative disciplines (e.g. engineering, mathematics or the natural
sciences), but with relatively little formal training in management, particularly:

• Recent graduates seeking a basis for building a career in management, management

consultancy, or a related area
• Managers within organisations who have limited previous management training, but some
experience
• Engineers and other technically-trained personnel moving into management
• Graduates seeking a grounding for academic research in management
• Teachers of management and related subjects.

Structure of the Programme

The Programme is available on a full-time or part-time basis. Please see page x for details.

Programme Content

The taught (Diploma) part consists of a core (normally compulsory) comprising material on the
nature of management science, analytic and consultancy skills, statistical analysis, and systems
thinking. This core is supplemented by a wide range of options, including courses in
mathematical programming, computer simulation, problem structuring, project management,
operations management, and accounting. Students are counselled on their selection of options, in
the light of their backgrounds and their objectives. This aspect reflects the Programme’s
commitment to student-centred learning.

Dissertations

Topics of a strong practical or applied nature are encouraged. Recent dissertations include:

• Public perception of risk: accounting for concern over municipal waste incineration in a
rural country.
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• The relationship between gender and marketing.

• Financial models, uncertainty and stochastic simulation.
• Development of a simulation model of an accident and emergency department in order to
improve patients’ waiting time and resource use.
• A cost methodology for patient care.
• An appraisal of a project on repeat victimization in a police region.

Diploma/MSc in Risk Management (ESRC recognised - see page x)

The Risk Management programme is designed to support the growing range of risk management
professions. It offers a research base, professional training, and a focal point for the transfer of
ideas from one risk management area to another in terms of both research and practice.

The need for more systematic approaches to risk management is increasingly receiving formal
recognition in a growing number of organisational contexts. Example contexts include: Corporate
insurance management, corporate finance, crisis management, security, health and safety,
reliability and hazard management, liability exposure, and project management in a variety of
industries.

This programme explicitly recognises the multi-disciplinary nature of risk management issues,
and is concerned directly with the transfer and integration of ideas and best practice across
different areas of application.

Key Objectives

To provide participants with an understanding of:

• The nature of a variety of management contexts which call for risk management processes
• Generic risk management principles and contexts
• The effective use of models and formalised processes in practical risk management contexts
• Both quantitative and qualitative techniques for developing and evaluating risk management
strategies.

Target Participants

• Applicants with work experience, particularly those involved in operations and project
management
• Science and engineering graduates who would like to use the programme as specialised
management training to achieve appropriate entry to management in
industries involving their basic training
• Graduates in business studies or other subjects who would like to use the Risk Management
programme as an alternative to Masters programmes in Operational Research, Finance,
Economics, or Business Administration, for a range of career purposes, from management
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consultancy to academic research.

Structure of Programme

The Programme is available on a full-time or part-time basis. Please refer to page two for details.
Students take 18 units (or equivalent) rated at 4 CATS points each.
Participants who have sufficient grounding in some core units may be permitted to take additional
option units in substitution.

Core Courses

• Decision Theory
Theory and practice of decision analysis, including multiple-criteria decision analysis.
• Finance
An introduction to the principles of corporate finance including the pricing of risk and
investment appraisal under uncertainty.
• Information Systems Management
Systems Thinking. Please refer to page eight.
• Insurance
Principles of insurance, and their application in practice. Alternative risk financing
arrangements.
• Management and Organisations
Approaches to management, and organisation theory.
• Management of Corporate Security
An introduction to the main themes, issues and theories related to corporate security in all its
forms.
• Operational Risk Management
The role of risk managers, risk evaluation, control and response mechanisms.
• Project Management
Project management as an integrated, flexible, cross-functional approach to the management
of non-routine work. An introduction to tools and techniques.
• Project Risk Management
The project management problem, sources of risk, implications of the project life cycle, a
generic risk management process, important practical issues.
• Quantitative Methods
An introduction to statistical reasoning, data analysis, basic probability theory, standard
distributions, sampling, hypothesis testing, and regression analysis.
• Risk and Crisis Management
Qualitative theories of risk and their application to disaster management and business
continuity planning.
• Simulation
An introduction to computer simulation of management systems.
• Strategic Planning
Approaches to formulating corporate strategy, corporate objectives, and strategic issue
analysis.

Options

Consultancy Skills Operations Management

Effective Organisations Pharmaceutical Risk
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Financial Markets Problem Structuring

Information Systems Strategy

Dissertations

Topics of an applied nature in a practical context are encouraged. Recent titles include:

• Project Risk Management: A comparison of methodologies.

• An appraisal of competitive bidding within Racal Industries Ltd.
• Lessons from RiskManagement failures on the Space Shuttle Programme.
• Project Risk Management; Developing a Change Programme for a Major Aerospace
Company.

Diploma/MSc in Corporate Risk and Security Management

This new programme focuses on Corporate Risk and Security as a key development in
management studies. Corporate Risk and Security is now an essential feature of almost all large
organisations, with poor risk and security arrangements blamed for failure in a variety of
corporate contexts. This is reflected in the employment market for graduates, through an extreme
shortage of qualified personnel. The security industry alone, is estimated to be the fastest growing
service sector in the UK. Increased government and international regulation of organisational risk
has also been matched by the need for a greater number of consultants and experts with specialist
knowledge.

Structure of the programme

The programme has similarities to our existing Risk management MSc, (see previous page)
however, it is structured to provide students with greater flexibility through fewer core units (12)
and an enhanced choice of options (6). The programme is also designed to support current risk
and security managers seeking an academic qualification. The programme provides greater
emphasis on the ‘people’ or ‘human’ issues, associated with corporate risk and security. Hence
emphasis in this programme is placed on qualitative management of corporate risk and security,
rather than a quantitative approach to risk

Core Units

Business Ethics Operational Risk Management

Consulting skills Project Risk Management (see previous pages)
Decision Theory Risk and Crisis Management
Insurance Simulation
Introduction to Strategic Planning Systems Thinking 1
Management and Organisations The Management of Corporate Security

Options
Analytical Skills
Commercial Law
Effective Organisations
Entrepreneurial Management
Information Systems Management
Introduction to Management Science
Operations Management
Pharmaceutical Risk
 14

Finance Problem Structuring

Financial Markets Research Methods in Management Science
Information Systems Development Statistics

Dissertations

Students will be encouraged to undertake dissertations in subject areas suitable to their career or
personal interests. Topics might include:

Business Continuity Planning, Organisational Crisis and Disaster Management, Corporate Crime
Risk and Assett Protection, Whistle-blowers, Workplace Bullying, Terrorist and extreme groups,
and the legislation of Corporate Risk and Security.

Diploma/MSc in Information Systems (ESRC recognised - see page x)

The Information Systems Diploma/MSc programme aims to introduce you to the effective
analysis, design, delivery and use of information and information technology in
organisations and society.

The central themes are information systems development: methodologies, techniques and tools
and the management of information systems. The programme emphasises information systems
practice as well as the theory underpinning it, and integrates technological, managerial and social
aspects of the subject. You will also have the option of developing management science,
organisational and/or research themes.

The programme provides an excellent basis for those people who wish to have careers in
information systems and information technology (there is a shortfall of qualified people in the
area), or carry out research in the discipline, or who wish to take full advantage of information
technology in other areas.

Teaching and learning methods will vary according to each course but will include lecture,
seminar, case studies, individual and group work, videos, action learning, demonstrations and
computer laboratory work.

Key objectives
To provide participants with:

• An understanding of the principles, concepts and theories underpinning the practice of

information systems development
• Approaches to effective development and use of information technologies in organisations
and society
• Insights into social and organisational aspects of information systems
• Insights into research methods appropriate to information systems
• Insights into strategic application of information systems and information systems strategy
process
• An understanding of the implications of emerging technologies on the nature of work and
competitive advantages
• Opportunities to develop personal managerial skills such as problem structuring and
 15

communication.

Structure of Programme

The programme is available on a full-time or part-time basis. Please refer to page 2 for details.
Students take 18 (or equivalent) single units rated at 4 CATS points each.

Brief Description of Core Courses

Systems Thinking

An introduction to systems concepts and methods as applied

in the context of management, ranging from cybernetics and
systems engineering to soft systems methodology.

Information Systems Development and Management

Approaches to the effective development and management of information systems: techniques;

tools; methodology issues; and frameworks.

Information Systems Strategy

Strategic application of information systems and information systems strategy process.

Database Applications

A non-technical treatment of databases and database applications.

Decision Support and Expert Systems

Technical and organisational aspects of computer-based systems designed to support unstructured

and semistructured managerial activities.

Human-Computer Interface

Technical, social and organisational aspects of interface design and human-computer interactions.

Management and Organisation

Approaches to management and organisation theory.

Options

Accounting and Control

Decision Theory Project Management
Effective Organisations Project Risk Management
Operations Management Research Methods
Problem Structuring Simulation

Dissertations
 16

Examples of past dissertation titles:

• The Multiple Interfaces of Commercial Multimedia

• Internet - The Right Highway to Follow?
• The Development of an Outcome Measure for a Community Health Service Management
Information System
• Teleworking: A Case Study
• Soft Systems
• Methodology: A Real-Life Application
• The Use and Potential of the Internet and E-commerce in the marketing function of a non-IT
related company
• Information Systems and the Tea Trolley Syndrome
• Electronic Document Management System
• Internet for Distance Learning;
• Help Desk Software: User Requirements, HCI, Functionality and Usability.

Diploma/MSc in International Banking and Financial Studies

(ESRC recognised - see page x)

The global integration of financial markets has made it increasingly important for multinational
companies, banks, fund managers, securities firms and corporate financial advisors to have a
clear understanding of the theory and practice of international banking and finance. Familiarity
with the latest innovative techniques in international lending and borrowing, asset and liability
management and risk appraisal is also an essential requirement for all those involved in the global
money and capital markets. With theseneeds in mind the MSc programme aims to develop
students’ existing skills by advanced study in the areas of finance and banking, with particular
emphasis on the international dimension. The programme provides a coherent theoretical
framework for the various subject areas, but the emphasis throughout is on the practical
application of financial techniques in a real world setting.

Target participants:

• Those seeking or developing careers in banking or securities markets

• Those working, or intending to work, in the finance divisions of multinational companies
• Those wishing to establish a career in fund management or investment analysis
• Accountants working with firms in the financial markets area
• Managers in central banks and regulatory agencies concerned with financial market
supervision
• Teachers of finance, banking and related subjects.

Bursaries

The Trustees of the Sir Edward Holden Educational Trust offer up to four bursaries to UK
resident students which will be sufficient to cover UK tuition fees. Sir Edward Holden was a
former Chairman of Midland Bank and was particularly interested in International Finance.
 17

Structure of Programme

This programme is only available on a full-time basis. Please refer to page one for details. There
are five core courses in International Banking, Portfolio Management, Corporate Finance (1) and
(2), and Finance Risk Management. You have a choice of two options from International
Financial Policy, Derivitives Securities Analysis and Quantitative Research in Finance.

Brief Description of Courses

International Banking

The course begins with a description of the markets in which banks operate, including the foreign
currency, Euro-currency and international money and capital markets. Banks' operations in these
markets are then assessed, with particular attention given to the relative roles of bank versus
securities market financing. The special risks encountered in international banking are addressed
together with the means of controlling such risks. Finally, bank regulation is examined in the
context of recent international harmonisation initiatives covering, inter alia, capital adequacy
requirements.

Portfolio Management

This course deals with markets in equity products: stock markets, futures markets and options
markets. While the course gives most prominence to the UK markets, most of the material is
generally applicable, and there is also discussion of such markets from around the world. It
assumes no prior knowledge of finance. Initially, the basic concepts of market efficiency,
portfolio theory and asset pricing are explained in the context of stock markets. This is followed
by a detailed analysis of index futures. Finally, there is a briefer treatment of traded share options,
which involves the valuation of options.

Corporate Finance 1 & 2

The course provides an introduction to the main principles of corporate finance, both from
domestic and international perspectives. This includes an examination of the cost of capital, the
capital structure and dividend policies of firms, methods of investment appraisal, the management
of foreign exchange exposures, and market efficiency. Special topics include; security design and
securitization, international taxation, and
managerial compensation.Financial

Risk Management
The course examines the economics of risk management within financial institutions. Attention is
given to the principles underlying the European Union Deposit Guarantee, Bank Solvency and
Capital Adequacy Directives, and recent regulatory interest in introducing Value at Risk
calculations.

International Financial Policy (Option)

The course deals with the economics of central banking including the operation of common
currency systems and the implementation of monetary and fiscal policies in
open economies.

Derivative Securities Analysis (Option)

 18

This course aims to develop the fundamentals of option pricing techniques, including the pricing
of exotic options and related hedges. It will cover both the theory and techniques, and involves
the use of an option trading simulator.

Quantitative Research in Finance (Option)

This course will enable you to undertake quantitative research into the structure of financial
management topics including Regression Analysis, Hypothesis Testing and the
use of diagnostic statistics, tests of serial correlation heteroscedasticity and normality.

Diploma/MSc in International Financial Markets (ESRC recognised - see page x)

The financial sector is expanding rapidly, and has an increasing need for employees
with a sound understanding of financial markets. Potential careers span a wide range, including
fund management, investment analysis, the equity, bond and foreign currency
markets and the associated derivatives markets, and the regulation of financial markets.
Knowledge of financial markets and corporate finance is developing rapidly, and this programme
provides an up-to-date coverage of the theory. However, the emphasis is on the practical
application of this knowledge.

Structure of Programme

The programme is only available on a full-time basis. Please refer to page one for details.

There are five core courses in Institutional Asset Allocation, Corporate Finance (1) and (2),
Portfolio Management and Financial Risk Management. You have a choice of two options from,
International Financial Policy, Derivatives Securities Analysis, and Quantitative Research in
Finance. All courses (except Institutional Asset Allocation) are described under the International
Banking and Financial Studies degree.

Institutional Asset Allocation

This course provides students with an understanding of the investment analysis of bonds, equities
and related securities, and the portfolio management of these assets by the major institutional
investors. We also examine performance measurement for investment institutions, asset/liability
management, the forecasting of bond and equity returns, and use of derivatives in portfolio
management. The course will emphasise the international aspects of investment analysis and asset
management for investing institutions.

Diploma/MSc in Accounting and Finance (ESRC recognised - see page two)

This programme is designed to meet the needs of two types of student; those with some
knowledge of the subject area and who wish to extend their knowledge to an advanced level, and
graduates from non-accounting disciplines who wish to ‘convert’. To satisfy both groups, the
 19

MSc is designed to allow different pathways to be followed - one of which will provide students
with some exemptions from examinations of the accounting professions (subject to BAEC
approval).

There is a common set of courses to ensure a sound knowledge is developed by all students,
including a unit for those wishing to pursue a research career in the subject. This is followed by a
limited choice of options allowing some specialisation of
knowledge to be developed. Finally a number of options are provided from a broader set of
postgraduate options to allow some breadth of knowledge to be developed. For those students
wishing maximise exemptions, a set of specified options must be taken.

Structure of Programme

This programme is only available on a full-time basis. Please refer to page one for details.

Brief Description of Courses

Financial Accounting 1 (core)

The course looks at the usefulness of corporate financial reports within a business environment.
Topics will include: the accounting framework; problems of income measurement and asset
valuation; the interpretation of financial reports; public accountability of companies in the context
of national accounting standards and legal requirements; cash forecasting and the management of
working capital.

Management Accounting 1 (core)

Concepts and techniques of management accounting, emphasing the relationship between

accounting information, managerial decision-making and the control of these decisions. Topics
include: cost concepts; marginal and absorption costing; activity based costing; cost-profit-
volume analysis; control models; planning and budgets; performance measurement and transfer
pricing, and agency theory.

Corporate Finance (core)

The emphasis of this course is on the cost of raising funds and the financial aspects of investing
these funds profitably. Topics include an introduction to business finance, financial markets,
value concepts, capital markets, investment decision-making under uncertainty, capital rationing,
the cost of capital, capital structure, dividend policy, leasing and financing choices.

Research Methods in Accounting and Finance (core)

This course introduces students to a variety of methodologies. The course is structured into three
paradigms comprising positive accounting research, interpretive organisational and social
research and critical research. It is intended to provide students with an understanding of
academic accounting research and provide a rigorous basis for undertaking their dissertations. It
will also be of interest to those students wishing to pursue an academic accounting career and/or a
doctorate.

If there is sufficient demand the following may also be available:

Law for Accountants
Information Systems Management
 20

Management and Organisations.

Quantitative Methods (option)

The aim of this course is to introduce students to statistical reasoning, data analysis
and basic probability theory. Topics include the collection of data, an introduction to probability,
decision trees, binomial, poisson and normal distributions, sampling,
hypothesis testing and regression analysis.

Financial Accounting 2 (option)

A further option in financial accounting will introduce students to accounting theory and extend
their knowledge of current issues in the subject.

Management Accounting 2 (option)

A further option in management accounting which will look at current debates in the subject area.
These include the ‘Kaplan’ approach of regaining relevance in a
world of global competition and new manufacturing techniques; and contextual and
methodological approaches to studying management accounting.

International Accounting (option)

The influence of exchange rates on both financial and management accounting is

central to the first part of this course. The topics include: an analysis of the basic relationship
between exchange rates; interest rates and inflation; the relationship between exchange rates and
accounting for overseas operations; the concept of foreign currency exposure and its implications
for financial reporting; performance evaluation, transfer pricing and taxation in multinational
companies. The course concludes with a comparison of accounting systems in different countries.

Economics (option)
Microeconomics looks at how markets operate, why markets may fail, criteria for judging
performance and government intervention in the markets. Topics in microeconomics include
consumer behaviour, the theory of the firm and the structure of the market, different types of
market failure and other reasons for government intervention. Macroeconomics examines the way
macroeconomic policy is devised and the problems that arise in attempting to implement that
policy. Macroeconomics deals with money, the Keynesian revolution, inflation, unemployment
and policy options in an open economy.

Equity Markets (option)

This course will provide an introduction to the practice and theory of financial markets. Topics
covered include: an introduction to the London Stock Market; further studies into the efficient
markets hypothesis; capital market theory; portfolio theory and the capital asset pricing model.

Dissertations

Examples of past dissertation titles:

• Corporate Planning: A Management Accounting Approach

 21

• Small Firm Financing - Integrating Agency Theory into the Cost Structure
• Share Valuation - the Belgian Experience
• Planning, Programming and Budgeting in Local Government
• Managing and Accounting for Foreign Currency Transactions by Multinational Companies
• Allocation of Health Care Resources in England.

Diploma/MSc in Accounting and Management Science

The programme in Accounting and Management Science (PAMS) aims to provide participants
with the fundamental concepts underlying accounting and management science practice in order
to offer them an understanding of the central issues of management. While many institutions offer
postgraduate management programmes, PAMS fills the gap between very general programmes,
like traditional MBAs, and very specialised programmes in such topics as finance and
Operational Research.

The Programme is appropriate for participants who intend to follow a career in business and
management. It should be of interest to graduates with backgrounds in:

• Engineering
• Science
• Social sciences

PAMS assumes a high level of intelligence and a willingness to work hard. Since the courses
include quantitative aspects, some numeracy is required, and this will be taken into account when
applications are considered. However no managerial working experience is required as the
courses assume no previous knowledge of the subjects offered.

Structure of Programme

This programme is only available on a full-time basis. Please refer to page one for details.

Core Courses Optional Courses

Corporate Finance* Economics
Decision Theory Equity Markets
Financial Accounting 1* Management Accounting 2*
Management Accounting 1* Marketing
Mathematical Programming* Problem Structuring
Quantitative Methods* Research Methods*
Simulation Risk Management
*double unit Systems Thinking

The availability of courses is not guaranteed. Descriptions of some of the above courses can be
found under the Diploma/MSc in Accounting and Finance (page x) for
Accounting, Economics and Finance courses. Further course details can be found on pages x and
x.

Dissertations
 22

Examples of past dissertation titles:

• Modelling the Financing of the Venezuelan Non-traditional Exporting

System
• An Application for the Indonesian Logistics Agency
• Analysis of a Data Envelopment Analysis (DEA) Model for the Joint Determination of
Efficiencies
• Managing Education for Children with Moderate Learning Difficulties: A Case Study
• An Information System for Hampshire County Wardrobe in Hampshire
• MDS on Asymmetric Matrices with an Application to Car Purchases
• The Strategic Management Framework: Rhetoric or Reality?

Other Instructional Programmes

Other departments operating as partners within the School of Management offer three MSc
programmes, and a Certificate of Business Administration, which can be used as a direct entry
route to the MBA (modular). In each case applications and requests for further information
should be directed as indicated.

Certificate of Business Administration

This well-established programme offers entry to the Diploma/MBA, subject to satisfactory

performance and recommendations. However, many students undertake the programme as an end
in itself to equip themselves with a wide range of necessary management skills.

The programme is designed to help administrative and management staff in their progression to
more senior positions, technical personnel who need to gain a sound business understanding
necessary for making informed decisions within their area of competence, and senior managers
without formal qualifications. Great emphasis is placed upon ‘action learning’.

The programme is half taught and half self-study and uses the latest teaching systems and aids. It
runs over one year and attendance is required one evening a week. Students are encouraged to
take advantage of the time between the weekly classes to undertake guided self-study, attend
tutorials, complete a programme of computer based learning and attend a single weekend school.

For further details contact:

Programme Director (Cert. BA)
New College
University of Southampton, SO17 1BJ, UK.

Diploma/MSc in Aviation Management

This MSc is designed to meet the needs of the aviation industry for individuals with a formal
educational background in both the engineering and management aspects of aviation. The
programme is likely to be attractive to employees in the aviation industry who wish to obtain a
relevant postgraduate qualification on a part-time basis. A central theme of the programme will
be the application of engineering and management concepts and techniques to improve the design
 23

and performance of products and services in the aviation industry. It offers a unique combination
of management and aeronautics topics which are particularly relevant to addressing the needs of
the aviation industry. Students will be expected to develop the ability to assess critically practices
in the industry and to suggest improvements to existing operating processes.

For further details please contact:

Postgraduate Secretary
Department of Aeronautics and Astronautics
University of Southampton, SO17 1BJ, UK.

Diploma/MSc in Finance and Economics

The aim of the programme is to equip students with the specialist skills and knowledge necessary
to pursue a career at a high level within the financial sector of the economy. In addition, the
programme provides the training required to pursue research in the area of finance at a leading
university. The objective of the programme is to provide students who have achieved a good
background in economics with a rigorous training in modern economic theory and quantitative
techniques, with particular emphasis on their application to the analysis of financial markets.
Students are also given a sound understanding of the operation of financial markets of the
relationship between the real and financial sectors of the economy.

Graduates with good honours degrees in Economics are invited to contact:

Postgraduate Secretary
Department of Economics
Murray Building
University of Southampton, SO17 1BJ, UK.

Diploma/MSc in Operational Research

This programme attracts many applications from Britain and elsewhere, and is an excellent
preparation for an interesting and rewarding career. OR uses scientific
methods to aid decision making in a very wide variety of activities such as manufacturing
industries, transportation, health, banking, finance, education, law and order, urban planning,
ecology and energy. Students will be expected to complete a summer placement in industry as
part of their studies. The programme attracts a large
number of EPSRC Advanced Coursework Studentships and European Social Fund support. It
may also be taken part-time over two years. A nine-month Postgraduate Certificate in OR
provides a foundation for the MSc.

Graduates with good honours degrees in Mathematics or quantitative subjects are invited to
contact:
Postgraduate Secretary
Faculty of Mathematical Studies
University of Southampton, SO17 1BJ

MPhil/PhD Research Programmes

The Department

The School of Management has been recognised as a Mode A outlet by the Economic and Social
 24

Research Council (ESRC). It will consider applications to undertake research in any area of
Accounting, Banking and Finance, Business Administration, Information Systems, Management
Science, and Operational Research. Particular importance is placed on ensuring adequate
supervision for research students. The School will carefully examine your proposed area of study
in order to ensure that such supervision is readily available.

Academic Research Excellence

The School is committed to an active research programme. In 1996 the Department of

Management achieved an excellent research rating (5) in the Research Assessment Exercise, as
did all other postgraduate partner departments. The main areas of distinctive competence are in
Accounting, Banking, Finance and Financial Economics, Information Systems, Managerial
Decision-Making, Operational Research, and Risk Management.
Within these areas a wide range of interests is represented. Regular seminars are organised.
Members of staff are engaged in a number of research projects funded by public and private
organisations.

Student Research

Research students in the School have engaged in studies in a variety of areas, including public
sector accounting, project planning, use of quantitative methods in planning and control of
marketing of petroleum products, data envelopment analysis, expert systems,
strategic information systems, information systems development approaches, multivariate
analysis of share prices, rights issues, and financial ratios.

Entry Requirements

To provide a valuable link between pure and applied research, members of staff have undertaken
consultancy for many organisations. These include an area board of a public utility, district and
area health authorities, a major computer manufacturer, a multinational mining company, an
international electronics company, international oil companies based in the UK, Canada and the
USA and an international leisure organisation.

This work has helped to strengthen the School's links with industry, commerce and the public
sector. The normal minimum entrance requirement for research is a Masters degree in a relevant
subject or possibly a first class or good upper second class degree from a UK university or
polytechnic, or equivalent qualification from any other institution. The School does not normally
admit students to research on a correspondence basis.

You will be judged on your individual merits, and the above requirements may occasionally be
relaxed, depending on age, experience, and other factors. Admission to a research programme
may be dependent on performance, to a suitably high standard, in one of the School's Master's
programmes. In addition to completing and returning an application form, you should normally
submit a research proposal. The proposal should identify the area in which you intend to work,
the problems or issues which you intend to consider, and the approach and methods to be applied.

Programme Structure

As a research student you will be registered initially for the MPhil degree and are then transferred
to PhD after a period of satisfactory progress. Minimum registration periods are: 1 year for the
MPhil (2 years part-time); 2 years for the PhD (3 years part-time). In practice you should expect
 25

to spend at least one more year of study than these minimum periods. You will normally be
required to attend the Research Training Scheme run by the Faculty of Social Sciences. This is
usually scheduled to run on Fridays during term- time.

Further Information

For further information contact:

Postgraduate Programmes Administrator

School of Management
University of Southampton
SO17 1BJ, UK.
Tel: +44 (0) 23 8059 3076
Fax: +44 (0) 23 8059 3844
Email: mgtmail2@soton.ac.uk
www.management.soton.ac.uk

Academic Staff

Owain ap Gwilym - BSc, PhD

David Avison - BA, MSc, PhD, FBCS (Professor of Information Systems)
Julia Bennell - BSc, PhD
Edward Borodzicz - BSc, MA, PhD
Sally Brailsford - BSc, MSc, PhD
Jackie Campbell – BSc, MSc (Teaching Fellow)
Chris Chapman - BASc, MSc, PhD, PEng (Professor of Management Science)
Taufiq Choudhry – BSc, MSc, PhD (Reader in Finance)
Con Connell - BSc, MSc, PhD, MBCS
Keith Cooper - BSc, MSc (Senior Research Fellow)
Richard Dale - BSc(Econ), PhD, (Barrister at Law, Professor of International Banking and
Financial Institutions)
Ruth Davies - BSc, MSc, PhD
Roy Edwards – BSc(Econ), PhD
Andrew Goddard - BSc, PhD, IPFA, FCA, (Professor of Accounting)
Nicola Hilton – BSc, MSc (Teaching Fellow)
Johnnie Johnson - BSc, PhD, ACII, AUMIST, FIMA, C.Math, (Professor of Decision and Risk
Analysis)
Jonathan Klein - BSc, MSc, PhD
Nongnooch Kuasirikum - BA, MA, PhD
Habib Mahama – BSc, MSc, PhD
Roderick Martin – MA, DPhil, Dlit (Professor of Organisational Behaviour)
George McKenzie - BA, MA, PhD (Professor of Finance)
Cecilio Mar Molinero - CEng, MSc, PhD (Reader in Operational Research)
Joe Nandhakumar - BSc, PhD, ACMA
Christopher Napier - MA, MSc, FCA (Professor of Accounting)
Deborah Page - MA, FCA (Teaching Fellow)
 26

Roger Plant - DBA, FIAM (Teaching Fellow)

Tiffani Razavi – MA, DPhil (Oxon)
Mirela Schwarz – MBA, PhD
Roy Stainton - BA, MSc, PhD, FBCS, FIMA, FOR, CEng (Visiting Professor)
Charles Sutcliffe - BA, ACMA, ATII, MInst AM (Professor of Finance and Accounting)
Lyn Thomas - BA, MA, DPhil (Oxon), FIMA, FRSE (Professor of Management Science)
Stephen Thomas - BSc(Econ), MSc, PhD (Professor of Financial Markets)
Michael Turner - BSc(Econ), MSc, MEc, FASA, CPA
Stephen Ward - BSc MSc, PhD, ACIB, MIRM
Charlie Wilkinson - BSc, MA, PhD
Simon Wolfe - BA, MSc, PhD
David Woodward - BA, PGDip, MSc, MBA, ACIB, ACMA

Senior Experimental Officer

Hannah Searle - BSc, MSc

Teaching and Learning Co-ordinator

Jean Leah – BA, MEd

Administrative Staff

Amy Barrow – BA (Marketing and PR)

Jill Ingledow - BA (Postgraduate Admissions Tutor)
Louise Roberts - BSc, ACA (Undergraduate Admissions Tutor)

Secretarial Staff

Sue Westcott - Departmental Secretary

Jane Baldwin
Julie Cardy
Belinda Davis
Marcelle Franklin
Sonja Lawrence
Debbie Leigh
Brenda Trickey

Staff in other partner departments

Further information about programmes provided

by other School of Management partners will include
information about their staff, too numerous to list here.