LUMS Postgraduate Prospectus for 2011 entry

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					Postgraduate Prospectus 2011

     Welcome to
     Lancaster University
     Management School
     Essential Information                                            04

     Why choose LUMS?                                                 06

     Careers provision and employablility                             08

     LUMS alumni programme                                            10

     Financial information                                            12

     Awards and bursaries

     How to apply

     Travel information                                               116

     Campus map                                                       118

     Life at LUMS                                                     18

     The campus and city                                              20

     Accommodation                                                    22

     IT and study resources                                           24

     Health and welfare                                               26

     Sport and leisure                                                28

     International students                                           30

     International representatives and agents                         34

           Further information, including a link to the Postgraduate Application Form, can be found online at:
           The information provided in this Postgraduate Prospectus is correct at the time of going to press, August 2010, and
           is subject to alteration. Please check our website for the latest information.

“The teaching here is great – I found it not
 only interesting and challenging, but also
 very relevant to real business.”

Postgraduate Programmes                          36

MBA                                              38

MSc Accounting and Financial Management          44
MSc Finance

MSc Advanced Marketing Management                48

MSc E-Business and Innovation                    52

Graduate Diploma in Economics                    58

MA Human Resource and Knowledge Management       62

MSc Information Technology, Management and       66
Organisational Change

MSc International Business                       74

MA Management and Consulting                     78

MSc Management                                   82
MSc Management and Innovation
MSc Management and Marketing
MSc/LL.M Management and Law

MSc Money, Banking and Finance                   88

MSc OR and Management Science                    92
MSc Logistics and Supply Chain Management
MSc Management Science and Marketing Analytics

MSc Project Management                           98

MSc Quantitative Finance                         102

Doctoral Programmes                              106

Doctoral Programmes: PhD and MRes                108

“There’s a great sense of community here,
 the lecturers are open and approachable –
 everyone is on first name terms.”
 Simon Burnett MA HR and Knowledge Management

     Why choose
     Lancaster University
     Management School?
     40+ years of excellence
     130+ dedicated tutors
     1 specialised facility
     1 world class university

     A life changing experience                    n   PhD / Doctoral programmes                leading European-based system of
                                                   The Financial Times ranks doctoral           international accreditation.
     Many of our alumni contact us to say                                                       The Association of MBAs is the only
                                                   programmes in business and management
     how their time as a postgraduate at                                                        specialist accreditation body focused on
                                                   as part of its annual Global MBA ranking.
     LUMS changed their lives. It’s quite a                                                     MBA and Masters in Management
                                                   The Lancaster PhD programme is 5th in
     claim to say ‘life-changing’. For some they                                                programmes worldwide.
                                                   Europe (January 2010) and 3rd in the UK,
     are thinking of how it opened up a
                                                   based on a combination of scale and
     completely new career path, or prepared
                                                   career destination data.
     them for that first crucial job opportunity                                                Learning with
     from which everything since has sprung.       n   Research                                 thought-leaders
     For others they have in mind how the
                                                   Lancaster’s business and management
     programme and the people changed their                                                     LUMS attracts top-rated academics from
                                                   faculty (including Accounting, Finance and
     thinking – about business, organisations,                                                  across the world, as the research ratings
                                                   Economics, all of which are part of
     work, the professions or management,                                                       and triple accreditations confirm. Many
                                                   LUMS) are ranked 5th equal in the UK.
     the world and society – perhaps even                                                       students comment on how much more
                                                   This follows three previous Research
     about their lives in general.                                                              accessible the faculty are compared with
                                                   Assessment Exercises in which
                                                                                                those at their previous university. You are
                                                   Lancaster was the only full-spectrum
                                                                                                likely to be pleased and surprised at the
     Joining one of the best                       university business school to receive the
                                                                                                contact time you have with them.
                                                   top rating on every occasion.
     LUMS is one of the highest ranked business                                                 Learning with this community of world-class
     schools in Europe. Here is the evidence:      n   Triple accreditation
                                                                                                academics means that you are exposed
                                                   LUMS is one of a small number of             to leading thinkers in their field, learning
     n   MBA                                       European business schools that are triple    not just about current best practice in
     The Lancaster MBA is ranked 24th in the       accredited i.e. by AACSB, EQUIS and the      business and management, but about
     world (Financial Times, January 2010) and     Association of MBAs. The Association to      what might be round the corner. They will
     4th in the UK.                                Advance Collegiate Schools of Business       inspire you to reflect on and challenge
                                                   (AACSB) is the leading US based              current practice and theory, not simply
                                                   accreditation body, and accreditation        accept it. LUMS postgraduates have
                                                   represents the hallmark of excellence in     minds of their own.
                                                   management education. EQUIS is the

We have lost count of the number of            for more than 40 years, ensuring that       For many students the crucial interchange
students who praise our support staff for      students test their new tools and           of international perspectives and
their friendliness and the way they            techniques in the real world. The MBA       experiences – which is actively encouraged
respond to student needs and help them         students uniquely have three such           in the classroom – is one of the most
before they arrive and through their time      opportunities to work with organisational   vital elements of the learning process,
at Lancaster. Speed of response and            clients, one in each of the three main      and one of the life-changing influences.
quality of relationships count for a lot at    stages of the programme. LUMS is also       In a world of multinational organisations,
Lancaster.                                     famous for its use of group work,           management mobility and international
                                               developing the team skills that             trade and alliances, this sort of experience
                                               organisations need.                         is also invaluable for your career.
Inspiring teaching and
group work
                                               Building your personal                      A perfect environment
Many programmes feature                        network of high achievers                   to learn
interdisciplinary design and teaching
                                               around the world
from across the School and between                                                         The Lancaster campus, away from the
faculties. For example the MSc in IT,          LUMS has a large and vibrant                distractions and frustrations of big city
Management and Organisational Change           community of exceptional graduate           life, facilitates a high quality graduate
and the MSc in E-Business and                  students, with over 500 on Masters          lifestyle to help you cope with the
Innovation collaborate with the                programmes and around 150 studying          intensity of postgraduate study or
Department of Computing. That way our          for a PhD. Over half of our postgraduate    research and maximise the return on
students develop capabilities that span        students originate from outside the UK.     your investment in further study. From
traditional boundaries and are                                                             Graduate College to the world-class
increasingly valued by employers.                                                          facilities of the Lancaster Leadership
                                                                                           Centre, you will be able to concentrate
Many postgraduate students conduct a                                                       on maximising the advantage of being
research or consultancy project for one                                                    accepted on a LUMS Masters or PhD
of our external clients for the final two or                                               programme and prepare yourself for the
three months of their Masters programme.                                                   next vital career step.
Lancaster has been working in this way

     “My studies equipped me with the intellectual and practical skills to
      achieve success in the workplace.
      Oivind Tjelta l MSc Finance

      Careers provision
      and employability
      At LUMS we understand your decision             major employers, workshops facilitated          further study, academic research and
      to study at postgraduate level is one           by business specialists, guest lectures         teaching, or start their own businesses.
      you will not have taken lightly. For            and professional and career development
      many students a major deciding factor           courses. So whatever your career aspirations    If you choose LUMS, you are doing so at an
      will be the desire to enhance their             – working for a large blue chip organisation,   exciting time. A recent £2.7m investment
      career prospects or accelerate their            a small or medium-sized enterprise, a           has resulted in one of the most innovative
      career progression.                             not-for-profit organisation or even setting     careers services in the UK, which hosts
                                                      up your own business – at LUMS we will          the biggest independent careers fair in
      As a postgraduate student at LUMS you           help you to realise your aspirations.           the country. In addition, our service includes
      will have a unique opportunity to develop                                                       a dedicated resources room in the
      your employability and explore the broad        If it all seems a bit daunting or you have      Management School to help you discover
      spectrum of options that your period of         no idea what you will do at the end of          the wide range of options open to you,
      postgraduate study or research will bring.      your study, don’t worry – our dedicated         drop-in clinics to help you at every stage of
      Through your programme you will gain            careers support staff are here to let you       the recruitment process, and one-to-one
      specialised subject knowledge, learn how        explore your interests and learn more           careers advice when you need it.
      to work in teams, deliver professional          about the different options open to you.
      presentations, develop your managerial                                                          At LUMS, academic and professional
      and leadership qualities, solve real            A postgraduate qualification from LUMS          careers staff work as a team to ensure
      business problems and become much               is highly regarded. Our graduates enter         that when you graduate you will be equipped
      more culturally aware.                          careers directly related to management          with academic excellence and the best
                                                      in a wide range of organisations,               possible set of skills to enjoy success in
      You will be able to widen your experience       including multinational companies,              your future life, study and career.
      by taking part in a vast array of activities,   consultancies, not-for-profit organisations
      including demanding projects for real           and the public sector. Others go on to
      organisations, business games run by

        Employability is…
        n being in charge of your life and career
        n knowing who you are and what you want to achieve
        n developing the knowledge, skills and abilities needed to succeed in a rapidly changing
          working environment.

        Further Information
        You can find out more about career provision and employability by visiting:
        You can find out more about the career paths of many of our recent graduates by reading the ‘Alumni profiles’ on our website:

If you choose LUMS, you are doing so at an
exciting time. A recent £2.7m investment has
resulted in one of the most innovative
careers services in the UK.

     You will be joining a worldwide community of
     more than 90,000 Lancaster University
     graduates, around 23,000 of whom have
     completed programmes in business and

“I applied to Lancaster because it has such a high international
 reputation, and feedback from alumni was really good.  ”
 Xi Chen | MSc Operational Research

 LUMS alumni
 The friendships and networks you
                                              Events and networking                          Alumni groups
 make during your studies at LUMS are
 likely to endure long beyond your time       Both the University’s Alumni and               We support formal alumni groups in
 at Lancaster. The aim of our alumni          Development Office and the LUMS                several countries, including China,
 service is to help you to keep these         Alumni Office organise a range of events       Greece, India and Hong Kong. There
 connections alive, and to assist with        around the world.                              are also informal alumni groups in
 your continuing professional and                                                            several other countries and we have
 personal development.                        We offer career networking opportunities       plans to expand these further.
                                              for graduates via the internet and at          Graduates are encouraged to join their
 Your connection with LUMS does not end       these events. For more information see:        local group to benefit from additional
 when you graduate. You will be joining a                         networking opportunities.
 worldwide community of more than                                                            See:
 90,000 Lancaster University graduates,       LUMS has its own Alumni Office to              network
 around 23,000 of whom have completed         complement the University’s alumni
 programmes in business and management.       activities and to provide a specialised        We also encourage our alumni to join the
                                              service for LUMS graduates. We arrange         UK Alumni Association in their home
 Many of our alumni make valued               reunions and also more formal business         country where the British Council offers
 contributions to the University and to       and academic events around the world.          continuing support.
 LUMS in various ways – offering advice
 to applicants, enhancing the student         After you graduate, you will have access
                                              to an online alumni networking site, the       Alumni profiles and
 experience by involvement as guest
 speakers, career mentors or providing        Online Directory, providing an excellent       contacts
 project and job opportunities, and also by   means of keeping in touch with the
                                                                                             Graduates share their experiences of
 donating funds to key projects aimed at      alumni community and making the most
                                                                                             LUMS and Lancaster through alumni
 improving the services LUMS offers.          of alumni services.
                                                                                             profiles which give useful insights into
 Our alumni are also key in helping to                                                       life at Lancaster. See: www.lums.lancs.
 further the reputation of LUMS across
 the world through close involvement
                                              News and information.                

 with local alumni groups.                    You can keep abreast of the latest news        If you would like to contact a Lancaster
                                              from the School and from our alumni            graduate from your country, details of
 As a LUMS graduate you will have
                                              through the Ambassador magazine -              alumni contacts can be found at
 access to a range of services and
                                              available in print and online versions - and
 networking opportunities, and we will
                                              via our regular e-newsletter.
 encourage you to keep in touch with the
 School and your fellow students.             The dedicated alumni pages on the
                                              LUMS website provide details of alumni
                                              news, events and services as well as
                                              being a portal to other information               Further Information
                                              for graduates.
                                                                                                For more information about alumni
                                                                                                relations at LUMS, please contact

     “Studying at Lancaster has enabled me to develop my adaptability and
      my critical sense. During the tutorials and seminars for example, we
      were encouraged to question theory and assess its validity in practice.

      Financial information
      Studying at Masters or PhD level is a         each term. If you are sponsored, an              Financial support and advice
      big financial investment, and it is           invoice will be sent to your sponsor.
      therefore important to think carefully                                                         If you have children, you may be eligible
      about the costs involved. Programme           Payment for campus accommodation is              to claim Child Tax Credit or Working Tax
      fees are only part of this – when you         arranged separately. Detailed information        Credit, depending on income. For further
      are planning your finances, you also          will be sent to you after you have firmly        information contact the Tax Credits
      need to consider the cost of living and       accepted a place.                                helpline on 0845 300 3900 or see:
      the possible availability of bursaries.                                              
                                                    It is important that you work out in advance
                                                    how you will support yourself and pay            The University may also be able to help
      Tuition fees                                  your fees throughout your time at the            with the cost of pre-school childcare.
                                                    University. Before you register you will         This help is provided from the Access to
      The annual tuition fee covers registration,   be required to sign a declaration that you       Learning Fund for home students and
      tuition and examination. It does not          have sufficient funds to cover fees and          from the Childcare Bursary for
      include residential accommodation, living     living expenses.                                 international students.
      expenses, or charges for re-examination.
                                                                                                     Practical advice on money management
      All students are classified for fees          Living costs and budgeting                       is available to students who are facing
      purposes as UK, EU or Overseas. The                                                            financial difficulties, or require general
      tuition fees for each category are given      You need to think carefully about what
                                                                                                     budgeting advice.
      in the entries for individual programmes.     costs you will incur while you are
                                                    studying, so that you can plan your              The University’s Student Services
      Please note: the tuition fees in this         finances and manage your money                   administer the Government’s Access to
      prospectus can provide a guide only, as       accordingly. Naturally, living costs and         Learning Fund (ALF), which is available
      the fees stated relate to 2010/11             expenses will vary, depending on                 to help full-time and part-time UK ‘home’
      programmes.                                   individual choices in relation to lifestyle      students (doing at least 50% of a
                                                    and accommodation, so the figures                full-time programme, or 25% if disabled)
      Fee levels for the 2011/12 programmes         below can only be a general guide.               with their living costs. For further
      had not been agreed at the time of
                                                                                                     information see:
      publication – these will be announced in      Living in Lancaster is likely to be less
      Spring 2011, and may reflect normal           expensive than in some large urban centres,
      annual increases.                             as rents and some of the other living
                                                    expenses tend to be lower. We recommend          Bursaries
                                                    that you should allow at least £8,500 –
      Fee payment                                   £9,000 (at current prices) to support            A wide range of awards are available to
                                                    yourself for twelve months. If you will be       help students fund their studies. For
      Fees are payable from the date of first
                                                    bringing a partner and/or children, costs will   more information see pages 14 and 15.
      registration to the date of completion
                                                    be higher – you may need another £5,500
      of your programme or submission of
                                                    for your partner and £3,500 per child.
      your thesis.
                                                    For further guidance on likely costs, see:
      If you are a self-funding student, you can
      choose to pay your fees by instalment,
      normally one instalment at the start of

Practical advice on money management
is available to students who are facing
financial difficulties, or require general
budgeting advice.

     Useful websites
     n   British Council:
     n   British Federation of Women Graduates (PhD only):
     n   Chevening Scholarships:
     n   Commonwealth Scholarships:
     n   Commonwealth Scholarship and Fellowship Plan (CSFP):
     n   Lancaster University Awards:
     n   Overseas Research Students Awards Scheme (PhD only):
     n   UKCISA:
     n   UNESCO:
     n   World Bank:

“Projects on the MSc were challenging, practical and full of up-to-date
 information, combining academic theories. I was not isolated working
 through textbooks, but learning systematically, thinking independently,
 and growing up with the latest developments in my subject.     ”
 Yi Peng | MSc Accounting and Financial Management

 Financial awards
 LUMS is pleased to offer £1M in               n   Commonwealth Scholarships (for          For UK/EU students
 postgraduate studentships and                     students from Commonwealth or
 bursaries for 2011 entry. These include           British dependent territories only),    Economic and Social Research Council
 LUMS Alumni Awards (for recent                    administered by the Commonwealth        (ESRC) studentships
 Lancaster University graduates),                  Scholarship Commission in the           Certain LUMS programmes qualify for
 postgraduate bursaries and a number               student’s home country                  ESRC studentships which cover tuition
 of research studentships.                     n   Overseas Research Student Award         fees and, additionally for UK students, a
                                                   Scheme (ORSAS) (for PhD)                maintenance element. Where applicable,
 Further details for postgraduate taught
                                                                                           this is indicated in the individual programme
 students at:
                                                                                           entries. The deadline for receipt of
 mastersfunding For research students          For UK students only                        applications by the ESRC is May, but if
                                                                                           you wish to be considered for these
 phdfunding                                    Career Development Loans (CDL)              awards, you will need to apply in good
                                               The Learning and Skills Council, together   time as the internal University deadlines
 A variety of other general awards –
                                               with three banks (Barclays, Co-operative    will be several weeks before this date.
 studentships and bursaries – are
                                               and Royal Bank of Scotland) operate         See:
 available from the University, through its
                                               Career Development Loans, to support
 Colleges and trust funds. Typically these
                                               students through full-time, part-time or    Alumni Award
 are awarded competitively on the basis
                                               distance-learning programmes up to two      For recent Lancaster University
 of academic ability, industrial experience,
                                               years in duration.                          graduates LUMS offers a £1,000 Alumni
 and financial need.
                                                                                           Award. The award is available to those
                                               You may normally borrow between £300        applying for our masters programmes
 Some of the other main sources of
                                               and £8,000 to help fund up to two years     who have or are expected to achieve an
 funding – both internal and external – are
                                               of learning, loan repayments begin one      upper second class honours degree.
 outlined in this section. For more details
                                               month after graduation.

 For international students
 The British Government – through the          study loans
 Foreign and Commonwealth Office and
 British Council – offer a number of           Most clearing banks offer professional
 awards. These include:                        study loans. Students pay a low interest
                                               rate during their study period, with the       Further Information
 n   British Chevening Scholarships            rate rising after graduation. For MBA
 n   British Council Fellowships               students, the Association of MBAs runs a       Staff in the LUMS Graduate Management
                                               special loan scheme which can cover            School will be pleased to provide
     In both cases, applications are made      tuition fees and living expenses.              further advice. Please contact:
     through the British Council in the                                              or see: www.
     student’s home country.

     “I enjoyed most of all the fact that our classes were tailored to be as
     close to reality as possible – in other words, we had to work with
     real clients.
     Shalva Chkhaidze | Full-time MBA

      How to apply
      You can apply for postgraduate                n   International students – please               Whatever the decision you will be notified
      programmes at LUMS at any time                    upload a copy of your English                 by the LUMS Admissions Office and if
      throughout the year. However,                     language test results and an English          you are offered a place, you will be able to
      competition for places on our                     translation of degree transcripts             log onto the online system to view your
      programmes is intense and for Masters             wherever possible.                            offer and reply to this offer by accepting
      programmes we would advise early                                                                your place on the programme.
      application (before the end of March in       n   Any programme specific
      the year you intend to start), particularly       requirements such as GMAT for our             You will also need to pay a tuition fee
      if you are applying from overseas. You            Masters programmes in Accounting              deposit to confirm your commitment and
      should also note any deadlines for                and Finance and our full-time MBA.            guarantee your place. This is deducted
      studentships or bursary awards which                                                            from your final fee invoice.
                                                    n   For our research programmes a
      might require you to be holding an offer
                                                        research proposal should also                 If you decide to accept the offer, you will
      of a place by a given date.
                                                        be provided.                                  receive various packs of information before
                                                                                                      you start your study. You will be sent an
      We aim to make the application process
                                                                                                      email in June about accommodation. An
      as simple and efficient as possible and
                                                    Entry requirements                                information pack is also sent out in August
      our new admissions system allows you
                                                                                                      with information about introductory/
      to apply online, upload scanned copies        The programme section pages 36-115 of
                                                                                                      orientation programmes, travel details and
      of your supporting documents and track        this prospectus will provide you with the
                                                                                                      other pre-arrival information.
      the progress of your application after        specific entry requirements for individual
      submission. To apply online see:              programmes.                                       Alongside other information your offer                                                                    letter will tell you the registration date for
                                                                                                      your programme. This is the event at
      When completing your online application       Application process                               which you register for your programme
      you should provide the following:                                                               and formally become a member of the
                                                    Once the LUMS Admissions Office
                                                                                                      University. It is important that you attend
      n   Any transcripts of previous higher        receives your application they will assess
                                                                                                      this and all other induction week activities.
          education degrees or other courses        your suitability for the programme you
          you have completed – if you have          have applied to. You may be invited to
          not yet completed your                    interview or contacted by email or
                                                                                                      Pre-sessional English
          undergraduate degree, you should          telephone to discuss your application
          include a transcript of study to date.    further, particularly if you have applied for a
                                                                                                      language courses
      n   Contact for your two referees. These      research degree. We endeavour to make             International applicants who have taken an
          can be contacted directly by us or        decisions on applications as quickly as           approved English language test and who
          they may send their references to         possible once all the necessary                   have not quite met the required minimum
          us. At least one referee needs to         information is available – including your         level may be offered a pre-sessional
          comment on your academic                  references and any test results.                  English programme as an alternative to
          suitability for your chosen                                                                 re-taking a test.
                                                    If you are offered a place it may be
                                                    conditional (for example, requiring you to
                                                    achieve certain grades in forthcoming
                                                    examinations, or to attain a particular score
                                                    in IELTS, TOEFL or GMAT tests).

Useful contacts
LUMS Postgraduate Admissions

T: +44 (0)1524 510736
F: 44 (0)1524 5910739

To apply:

     Life at
     Lancaster University
     Management School
“The environment is so conducive to
 learning. Living on campus you get time
 to study and time to play.
 John Babalola-Branco l MSc Management

     The campus and city

     The Lancaster University campus lies         On campus you will find facilities catering    The city
     on the southern outskirts of Lancaster,      for most aspects of daily life small grocery
     about three miles (5km) from the city        stores, a bakery, bookshop, newsagents,        Lancaster is a small city, with a
     centre – it is easily accessible from the    Students’ Union shop, hairdresser, florist,    population of around 40,000. Places of
     city via regular bus services and an         charity shop, petrol station, travel agent,    historical interest include Lancaster
     off-road cycle route. The campus is set      Post Office, and two banks. There is also      Castle, which dates back to the 12th
     in 250 acres of landscaped parkland,         a book bindery, providing a binding            century, an award-winning Maritime
     on a clear day the views extend north        service for theses and dissertations.          Museum in the former Custom House
     to the hills of the Lake District and                                                       and the City Museum.
     west across Morecambe Bay. It is a           Across campus a wide selection of
                                                  restaurants, take-aways, sandwich and          Set above the city is Williamson Park,
     green and tranquil setting, and an
                                                  salad bars offer choices to suit all tastes    which gives superb views over Lancaster
     ideal location in which to study.
                                                  and pockets. In addition to various coffee     to the sea and the surrounding hills, and
                                                  shops, there is a Chinese restaurant, an       is a popular venue for picnics. The park is
     At the heart of the campus is Alexandra
                                                  Indian restaurant, a pizza parlour and         home to the Ashton Memorial, the city’s
     Square, named after the University’s first
                                                  burger bar. There is even that most            most distinctive monument, and a tropical
     Chancellor, HRH Princess Alexandra. The
                                                  English of all fast-food venues – a fish and   butterfly house. In summer it is the setting
     Square provides a focus for everyday life
                                                  chip shop! Within the Management               for several outdoor theatre productions.
     at the University – the Library, the
     Students’ Union, the careers service,        School there is a café bar, serving salads
                                                                                                 Lancaster has its own independent arts,
     shops and banks are all close to the         and sandwiches.
                                                                                                 cinema and theatre production company,
     Square and only a short walk from the                                                       The Dukes, which screens a wide range
     Management School.

of international art house and mainstream    produce and household goods, and there           The surrounding area
films, and its drama productions include     is an outdoor market twice a week.
both classic and new plays. There is also                                                     Excellent road and rail connections make
a multi-screen cinema in the city centre     When it comes to eating out, the city centre     it easy to travel to other parts of the UK
showing the latest blockbusters.             offers something to suit every taste and         from Lancaster. The campus is only five
                                             budget. Choose from traditional English          minutes from the M6 motorway, and there
Shopping and eating                          pub food, Chinese, French, Indian, Italian,      are direct rail links to Manchester
                                             Japanese, Mexican, Spanish or wholefood          International Airport and to major cities
Lancaster is a relaxing place in which to    and vegetarian – in Lancaster you’ll find        throughout the UK, including London,
shop, as much of the city centre is          food of many types at a range of prices.         Birmingham, Leeds, Manchester,
pedestrianised and traffic-free. You will                                                     Glasgow and Edinburgh. For those who
find well-known high-street stores as well   Lancaster offers many pubs, clubs and
                                                                                              enjoy walking, climbing, caving or just
as interesting speciality shops.             bars. There are also cafés and juice bars
                                                                                              getting away from it all, Lancaster is also
                                             providing a relaxing alcohol-free environment.
                                                                                              ideally placed for exploring some of
If you prefer to shop for food off-campus    So whatever you’re after – football on a
                                                                                              England’s most stunning countryside:
there are plenty of options available,       big screen, a quiet drink by the canal or
                                                                                              within easy reach are the Lake District,
usually at a cheaper price than on           dancing into the small hours – you’re sure
                                                                                              Yorkshire Dales and Forest of Bowland.
campus, from large national                  to find a venue to suit.
supermarkets to small independent
traders (including a specialist Chinese
store). An indoor market sells fresh

     As a postgraduate student at Lancaster,       Some rooms are specifically adapted for         These charges include heating, lighting
     you have three main choices of                students with disabilities, including           and water and a basic cleaning service
     accommodation: a room or self-                ground-floor rooms for wheelchair users         for communal areas.
     contained studio in the University’s          or students with restricted mobility.
     Graduate College, a campus flat (for                                                          Rent for a typical postgraduate ‘family
     families) or flatlet (for couples) or         Kitchens are typically shared by six to eight   house’ on campus range from £135 -
     rented accommodation off-campus.              students and are equipped with a cooker,        £163 per week (excluding bills),
     For most postgraduate students, living        microwave, fridge and freezer. Students         depending on location, facilities and
     on campus is the preferred option,            need to provide their own cooking               number of bedrooms.
     giving easy access to library, social and     utensils, crockery, cutlery and bedding.
                                                                                                   You will receive an initial registration email
     sporting facilities.
                                                   All rooms have data points, providing           in June, providing you have confirmed
                                                   access to the internet, email, the library      that you are accepting the offer of a
     The University’s social and recreational
                                                   catalogues and the campus network.              place at Lancaster. Once you have
     life is organised around a strong college
                                                   There is an annual charge for use.              registered online you will be able to
     system, and as a postgraduate student
                                                                                                   complete an application form. Payment
     you will automatically become a member        There is also a telephone in each room.         is normally made by a termly direct debit
     of the Graduate College, whether or not       All cross-campus calls are free, and            from a UK bank account.
     you choose to live on campus. This is a       external call facilities are available on a
     purpose-built college, at the south end       pay per call basis.                             Student accommodation is also available
     of the campus.                                                                                off campus. There are some properties
                                                                                                   in the surrounding villages but in these
     The College has a range of communal
                                                   Letting periods and                             areas it is advisable to have transport.
     facilities, including a computer room,
     meeting rooms, television lounge,
                                                   residential charges                             LUSU’s housing scheme ‘LUSU Let’ has
                                                                                                   a wide selection of properties accredited
     games room and bike store. It also has        Rooms are let on a 50-week basis                through Lancaster City Council. The LUSU
     its own Graduate bar where you can            (October to late September) or a                property bank is available online. They
     meet up with other postgraduate               40-week basis (October to mid July).            can also offer general advice about
     students from across the University.
                                                                                                   accommodation in the Lancaster area.
                                                   In 2010/11 the rents were:

     On-campus                                     n   En-suite rooms
     accommodation in                                  £95.90-£99.05 per week
     Graduate College                              n   Standard rooms
                                                       £79.45 per week
     Most of the rooms in the College are
                                                   n   Self-contained studios
     en-suite, with private shower and toilet
                                                       £116.55-£134.05 per week.
     facilities. There are also a smaller number
     of standard rooms with shared bathrooms,
     and some slightly larger, higher
     specification self-contained studio rooms.

If you are a single postgraduate student
you are guaranteed on-campus
accommodation for your first year of
study at the University, providing that:

n   Your accommodation application
    form has been received by a
    specified date in August
n   You have notified your firm
    acceptance of a place and fulfilled
    conditions of admission
n   You are on a programme of at
    least nine months, starting in

Families and couples
There are a limited number of self-
contained furnished flats on campus,
suitable for families. Most have one
bedroom, although there are some

                                              Useful contacts
larger flats. The University is not able to
guarantee accommodation for couples
or children. If you are considering
bringing your family to Lancaster, it is
important for you to make arrangements        Campus accommodation
in advance.                                   Graduate College Residence Office:
Off-campus                                    Campus flats enquiries:
accommodation                                 E:
Most postgraduate students who live
off-campus share houses with other
postgraduate students, either in the city     Off-campus accommodation
centre or in the surrounding areas            LUSU Housing
between the city and the University.
                                              T: +44 (0)1524 592170

     The Library contains nearly a million
     items, subscribes to over 20,000 print and
     electronic journals and offers access to a
     wide range of online databases.

IT and study resources
When you arrive at Lancaster, you will        Virtual learning environment                The Metalib search portal acts as a gateway
be given a computer account which                                                         to the Library’s extensive range of
provides you with a Lancaster University      The Lancaster University Virtual Learning   electronic databases. In the business
email address, file storage space, high       Environment (LUVLE) is a web-based          and management area, the Library
quality printing and personal web             environment designed to support and         subscribes to Business Source Premier,
space. If you live on campus and bring        enhance your learning experience. It is     ABI/Inform, Global market information
your own computer, you can connect to         used by the School’s departments            database, FAME and many others.
the campus network from your room             to disseminate lecture notes and            Databases are available to all registered
for a small fee.                              handouts, example exercises and for         students whether they are based on or
                                              online discussions.                         off-campus.
LUMS is wireless-enabled, and some
computer labs around campus offer             Several LUMS programmes also use            Support is provided to Management
24-hour access, including several within      web-boards as a way of stimulating          School students by specialist Subject
the School. The PC labs provide a wide        discussion inside and outside the           Librarians who provide training sessions
range of software, high quality printers,     classroom.                                  to student groups and help individuals
both colour and monochrome, and                                                           with specific information enquiries.
scanning facilities. All lab PCs are
connected to the campus network and
                                              University Library                          Within the Library there are over 900
                                                                                          reading places and 140 computer work
the internet. LUMS also has a large           The Library is a key resource for all       stations. It also has a wireless network,
group work space located within the           postgraduate students and lies at the       allowing you to work on your own laptop.
Lancaster Leadership Centre.                  centre of the campus, in Alexandra
                                              Square – just a short walk from the         Other facilities include self-service
The University’s Information Systems
                                              Management School and Graduate              photocopiers (including colour), replay
Services (ISS) provide a Help Desk to
                                              College. The Library offers long opening    facilities for video, DVD and audio materials,
answer queries. ISS also provide online
                                              hours – with a self-issue facility.         a PC with a large monitor and voice
support pages for common problems.
                                                                                          recognition, a Tieman Colour Reader, and
Specialised support staff are available to    The Library contains nearly a million       a Kurzweil Text-reading Machine.
deal with technical enquiries and also        items, subscribes to over 20,000 print
help to integrate the use of IT into the      and electronic journals and offers access
learning process.                             to a wide range of online databases. The    Campus bookshop
                                              Library’s online catalogue lists all the
Some LUMS programmes include support
                                              printed books, e-books and non-book         There is a well stocked branch of
courses in IT skills as an integral part of
                                              materials in the collections. It also       Waterstones on campus, specialising in
the programme, to help you manage the
                                              provides easily accessible links to the     academic texts. In Lancaster there are
demands of your coursework.
                                              electronic journals. You can access the     two further bookstores, catering for more
                                              Library catalogue over the internet from    general fiction and non-fiction titles.
Throughout the year ISS also run
workshops for students, covering a range      anywhere in the world; you can also
of IT topics. These include all aspects of    renew loans online.
Microsoft Office up to advanced level,
production of websites and development
of IT skills for academic purposes.

     “The helpful staff and friendly atmosphere of the Graduate College
      always made me feel safe and secure, even though I was far away
      from my homeland.   ”
      Nuttasiri Pakarnseree | MSc Advanced Marketing Management

      Health and welfare
      There is a health centre on campus,             The Lancaster University Students’ Union        Chaplaincy Centre
      run by a group medical practice. The            (LUSU) provides free, independent and
      practice provides a full range of NHS           confidential advice on areas as diverse as      One of the most distinctive buildings on
      services and includes both male and             coping with academic study, finance and         campus is the Chaplaincy Centre, whose
      female doctors.                                 health, and has advisers experienced in         graceful spires provide the inspiration for
                                                      dealing with matters of particular interest     the University logo. The Chaplaincy Centre
      As part of the medical team, a nurse unit       to postgraduate students. Other LUSU            is an independent body within the
      provides a confidential service to all          services include a jobshop which helps          University and was built in 1969 with funds
      students, visitors and staff on campus          students find locally-based part-time work      provided by the local Churches and the
      and is open 24 hours during term-time.          while they study.                               Jewish community. The Centre contains
      The team can offer advice on many                                                               two chapels – one Catholic and one
      health-related matters. The unit also has       The University Counselling Service has an       Anglican and a free Church – which can
      two in-patient beds for those suffering         experienced team of counsellors who             be combined for joint services. The Jewish
      acute minor illnesses who would not             offer a confidential professional service to    community has its own rooms within the
      otherwise be able to cope on their own.         members of the University dealing with          centre, including a kosher kitchen and a
                                                      anxieties and stresses of various kinds.        synagogue room. The Centre is also used
      Other medical facilities on campus include                                                      for worship by the Society of Friends and
      a private dental clinic, a pharmacy and a                                                       for meditation by Buddhist and other
      natural health care centre which offers         Services for                                    groups. A large prayer room, with all
      alternative treatments such as acupuncture,     disabled students                               facilities, is also available for the Muslim
      holistic massage, reflexology, shiatsu,                                                         community.
      medical herbalism, aromatherapy and             We welcome applications from prospective
      homeopathy.                                     disabled students and may be able to            The team of chaplains includes both men
                                                      arrange site visits to discuss support          and women, lay and ordained, representing
                                                      arrangements. Student Services offer            the Anglican, Methodist and Catholic
      Counselling                                     advice and guidance to students on              churches. There are also non-resident
      and support services                            disability issues relating to all aspects of    Baptist, United Reformed, Unitarian,
                                                      study at Lancaster, including assessment        Society of Friends, Orthodox and Christian
      If you should need support or advice while      and support for dyslexia, assessment for        Brethren chaplains, plus a visiting Chaplain
      you are at Lancaster, there are several         study aids and strategies and funding           to Jewish students. The Centre also
      different places where you can turn for help.   applications.                                   provides links with the City and University’s
      The University’s Student Services is a                                                          Muslim community.
      central port of call for general welfare        The Lancaster campus is compact, with
      advice for all students.                        pedestrians and traffic mainly kept separate.   The Chaplaincy Centre is also an important
                                                      Nearly all parts of the teaching and public     social centre and meeting place. It has its
      There is also an International Student          buildings are accessible and some adapted       own lounge and restaurant facilities and
      Advisory Service designed specifically to       residential accommodation is available.         houses a natural healthcare centre. All
      help with the kinds of issues experienced                                                       members of the University are welcome
      by students studying in the UK for the          Facilities in the library include a Kurzweil
                                                                                                      at the Centre regardless of their religious
      first time. See International Students          Text-reading Machine, colour CCTV and
      section on page 30.                             Braille Embosser.

Pre-School Centre
The Pre-School Centre is housed in a
                                             Useful contacts
modern, purpose-built, well-equipped
building on campus. It caters for children   Advice for students with disabilities
aged from three months up to five years.
Its main aim is to provide a warm, caring
and safe environment for children and to     Christine Quinn
develop their abilities by using play and    Student Adviser (Disabilities)
planned activities for all age groups.
                                             T: +44 (0)1524 592109
The Centre has recently received an
‘outstanding’ Ofsted report and all staff    Minicom: +44 (0)1524 592111
have NNEB or equivalent qualifications.      (please use announcer)
The Centre is open for 50 weeks of the       E:
year, five days a week, with all-day,
morning and afternoon sessions; it
closes for University holidays at
                                             Pre-School Centre
Christmas and Easter.
                                             T: +44 (0)1524 594464

     Useful contacts
     n   Graduate Students Association:
     n   Student societies:
     n   University Sports Centre:
     n   University of Lancaster Music Society:
     n   Peter Scott Gallery:
     n   Ruskin Library:

“ The campus is a great place to live… the student accommodation
 is ideal – Lancaster is such a wonderful place, and offers so many
 options for leisure activities, you will not feel deprived of anything.
 Dimitra Papachristou | MSc ITMOC

 Sport and leisure
 Being a postgraduate student inevitably         The University Sports Centre is conveniently     The campus also has its own professional
 restricts your free time – but chances          located next to the Management School. It        studio theatre, the Nuffield Theatre, which
 are you will still find plenty of               contains a 25-metre swimming pool,               commissions new work and presents up
 opportunity to socialise. Lancaster             squash courts, sauna and solarium, fitness       to 30 professional shows a year – featuring
 certainly offers an enormous range of           and weights rooms, rockclimbing wall and         innovative theatre, contemporary dance,
 activities, both on and off campus.             two sports halls used for many different         live art and multimedia from some of the
                                                 indoor sports. Outdoor facilities include        best known companies in the UK and abroad.
                                                 floodlit synthetic pitches, rugby and football
 Student societies                               pitches, tennis and netball courts, and a        The University’s Peter Scott Gallery
                                                 bowling green.                                   presents a varied programme of temporary
 A popular way to learn new skills and                                                            exhibitions, and houses the University’s
 meet like-minded people is to join one          University teams cater for those who excel       art collection. There are also exhibitions in
 of the many student clubs and societies.        at a particular activity, but if your focus is   the public galleries of the Ruskin Library,
 There are over 100 clubs, covering              more on fun than competition there is a          which house the books, manuscripts and
 activities as diverse as ballroom dancing       thriving inter-college sports programme          drawings of John Ruskin, the eminent
 and backpacking to sky-diving and               throughout the year. You don’t have to join      Victorian critic of art, architecture and society.
 investment - and if you don’t fancy any         a society to keep fit, though – many
 of the existing societies, you could            students simply jog around the campus            There is a campus-wide radio station,
 always start your own!                          or the quiet lanes which lead down to the        Bailrigg FM, and one of the largest student
                                                 nearby village of Galgate, or cycle into         film societies in England, showing a
 For postgraduate students, the Graduate         town along the cycle path.                       number of films each week, ranging from
 Students Association (GSA) plays an                                                              the latest blockbusters to arthouse and
 important role. This is a student-run           Other facilities in the local area include       foreign films.
 representative body to which all                golf courses, sailing on the River Lune,
 postgraduates automatically belong.The          and sport and fitness clubs in the city.
 GSA not only looks after the interests of                                                        Volunteering
 postgraduate students on and off
 campus, but also organises a wide               Arts and culture                                 One way to get involved in the life of
                                                                                                  the local community is to take up the
 variety of social activities, including trips
                                                 For lovers of classical music, the campus        volunteering opportunities offered by the
 to various cities and the annual graduate
                                                 is home to the Lancaster International           Lancaster University Volunteering Unit.
 extravaganza, Gradstock.
                                                 Concert Series which attracts national           Projects range from helping community
                                                 and internationally renowned artists as          organisations to improve their use of IT,
 Sports                                          well as capitalising on the wealth of talent     working to reduce crime, and taking arts
                                                 within the region. Each year there is a          and music into local primary and
 Sport plays a prominent role in life at         varied programme which includes orchestral       secondary schools.
 Lancaster and the opportunities to take         concerts, chamber music, events for
 up a sport are plentiful. Student societies     young people, jazz, world music, early           It can be an ideal way to use your skills,
 cater for almost any sport imaginable, from     music and contemporary music. One of             energy and experience to make a difference
 horse-riding, cricket and football to less      the largest campus societies is the music        to others – and at the same time, it gives
 familiar sports such as unicycling,             society which runs a symphony orchestra,         you the chance to test out your aptitude
 korfball and taekwondo.                         a choir, wind band and big band.                 for particular types of work, gain new
                                                                                                  skills and valuable experience.

     “Lancaster was a pleasant place to live and study. The University
      offers all kinds of sport activities and organises great social events,
      such as field trips or concerts. I have made great friends and built
      a truly international network. ”
      Kim Odemann | MSc Finance

      International students
      International students make a vital           International Student                           Life in Lancaster
      contribution to life at LUMS, both in
                                                    Advisory Service
      academic and cultural terms. For                                                              Once you arrive in Lancaster there is a
      many years the School has attracted           There is a strong support system for            special orientation programme designed to
      high-quality students from over 80            international students across the University.   help you settle in. It includes information
      countries. You will therefore be joining      The International Student Advisory Service,     sessions on English language support
      a friendly and cosmopolitan community         based within the University’s Student           and study skills, health services, getting
      where around 75% of postgraduate              Services Office, is a central point of          used to life in the UK, banking and
      students are from outside the UK.             reference for all international students at     managing your money. The UK has a
                                                    Lancaster. The Service provides assistance      very varied climate with temperatures
      In the last academic year, there were over    with visa extensions and other immigration      ranging from as much as 23°C in July
      400 non-UK Masters and a further 100 PhD      issues, ensures on-going support and            and August to below 0°C in the winter
      students registered on LUMS postgraduate      advice for any students in personal or          months (November–March). It can rain
      programmes, over 150 from Europe and          financial difficulty, arranges a range of on    throughout the year and occasionally
      around 400 from outside the EU.               and off-campus events for international         snows in winter. You will need warm
                                                    students and can help with students’            waterproof clothing that can be
                                                    cultural adjustments to life in the UK.         purchased locally when you arrive.
      An international curriculum
      We are committed to providing a global
                                                    Pre-arrival information                         Events
      education to our international student
      population. All our programmes have been      The International Student Advisory              As an international student you will be
      developed by our international faculty with   Service also provide detailed information       invited to various events arranged specially
      the needs of international students in        about arrival in the UK and onward travel       for the University international community.
      mind. This includes modules and project       to the University. There is a helpful           These normally include a Welcome
      opportunities with an international focus,    Pre-arrival Handbook which gives details        Reception hosted by the Vice-Chancellor,
      as well as exchange and post masters          of how to prepare for studies in the UK         a Civic Reception hosted by the Mayor of
      schemes with top European and other           – including visas, travel, money and            Lancaster, and an International Evening,
      business schools, particularly on the MBA     banking, medical care, and living costs.        where students contribute performances
      and MSc in Management. The MBA                There is a separate handbook for those          and food which is representative of their
      programme also includes an international      who will be accompanied by your                 culture. There are also social events for
      elective followed in a partner business       spouse and/or children. See www.lancs.          international students organised by the
      school in a selected overseas country.             local branches of the Rotary Club.

      Business schools with which we have           Pre-arrival briefing sessions are available     Subsidised trips are organised throughout
      active projects and other exchanges           in many countries. These are organised          the year by Colleges, the Students’ Union
      include: Monash, Melbourne; Vienna            in co-operation with our alumni, agents         and through other student societies (such
      Business School; Lingnan College; Sun         and the British Council, and are a great        as the Chinese Students and Scholars
      Yat Sen University, China; Copenhagen         way to find out about all aspects of living     Association, (CSSA). Details of all events
      Business School; ISM, Dortmund; WHU,          in Lancaster before leaving home.               and trips are sent automatically to all
      Koblenz; Universität St Gallen;                                                               international students via a termly
      Universidad de Deusto, Bilbao;                                                                newsletter or by the organisers.
      Universidade Católica Portuguesa,
      Lisbon and SDA Bocconi, Milan.

There is a large number of international       English language
student clubs and societies on campus,         and study skills
such as the Asian Students Society, the
Chinese Students and Scholars Society,         Studying at Masters level demands a
the Malaysian Students Society and the         high level of fluency in written and
Hellenic Society.                              spoken English, together with excellent
                                               comprehension. For this reason
                                               non-native speakers are normally asked
Applications and admissions                    to demonstrate their English language
                                               competency by taking an internationally
As an international student you should
                                               recognised test. We accept a range of
follow the application procedures
                                               English language qualifications to meet
outlined in the How to Apply section of
                                               our entry requirements. You will find
this prospectus. Our admissions team
                                               details of minimum entry requirements
have considerable experience in dealing
                                               for each of our programmes in the
with different international qualifications.
                                               relevant programme section.
If you need to enhance your degree
                                               If you meet our formal English Language
qualifications to meet our admissions
                                               entry requirements but want to enhance
requirements, you can consider taking
                                               your study skills while you are at Lancaster,
a recognised pre-Masters or pre-MBA
                                               you can take advantage of excellent free
course, as we take into account
                                               Study Skills courses devised for
performance on these when we review
                                               international students and taught by
                                               specialist staff in the University’s Student
                                               Learning Development Centre.

     “Studying at Lancaster gave me the privilege of living in a multicultural
      environment. I got to know people from all around the globe, which
      I really value, and I also improved my inter-cultural communication skills.
      Hanna Lindblad | MSc Management

      International students
      Those who are strong applicants but             It is vital that you sort out your funding   and agents who can give personal advice
      whose English Language test results are         well in advance as you will be required to   on your application to LUMS in countries
      marginally below our English language           provide evidence to the UK Home Office       such as China, Cyprus, Greece, India,
      requirements may be asked to attend one         (for visa purposes) and the University       Japan, Nigeria, Taiwan and Thailand. See
      of the University’s pre-sessional courses       that you have the necessary funds to         pages 34 and 35 for a full list of agents.
      in English. In this case, the offer of a        cover your tuition fees, accommodation
      place could be conditional on completing        and living expenses. For further financial   You can also contact former LUMS
      the course, and an additional fee is            information and general guidance on          students for first-hand information about
      charged. If you are required to attend one of   living costs, see page 12.                   our programmes and life on the
      the courses further information will be                                                      Lancaster campus. For a full list of
      provided at the offer stage.                                                                 alumni advisers, see: www.lums.lancs.

      Funding                                         Most international students live in single   Another useful source of advice is your
                                                      study bedrooms in the Graduate College       local British Council office where there
      There is a generous range of bursaries for      on the University campus. All rooms          are specialist advisers who can answer
      international students funded by the            have data points, central heating and        general questions about studying in the
      University or by specific programmes,           telephone facilities. The accommodation      UK – for a list of the countries in which
      usually allocated on a competitive basis.       is self-catering and most rooms are          there are British Council offices, see:
      For full information, application deadlines     en-suite, with private toilet and  
      and eligibility criteria see: www.lancs.        shower facilities. For further information                                 on accommodation, see page 22.

                                                      Do you need advice                              Further Information
                                                      before you apply?                               If you have any queries, or need advice
                                                                                                      on studying at LUMS as an
                                                      In many countries you can meet a LUMS           international student, please contact
                                                      staff member at an Education Fair before
                                                      you apply. We also have representatives

Useful contacts

n   British Council offices:


n   University support services for international students:
n   In-sessional study skills programme:
n   Student societies:

     International representatives
     and agents
                                         Shanghai:                               Edwise International
      Botswana                           UKEAS                                   T: +91 17 2434 3333
                                         T: +86 21 6468 3535                     E:
     Mr John Luke                                                                Chennai:
     T: +44 29 2075 8032                 Shenyang:                               Chopra Consultants
     E:              JJL                                     T: +91 44 4214 8123
                                         T: +86 24 2281 2866                     E:
      China                                                                      Edwise International
                                         Shijiazhuang:                           T: +91 44 4292 8200
     Beijing:                            JJL                                     E:
     JJL Overseas Education Consulting   T: +86 311 8536 8866
     & Service Co Ltd.                   E:          Cochin:
     T: +86 10 6568 5656                                                         Chopra Consultants
     E:      Tianjin:                                T: +91 48 4238 5230
                                         JJL                                     E:
     UKEAS                               T: +86 22 2326 3399
     T: +86 10 6585 7705                 E:          Edwise International
     E:                                                     T: +91 48 4237 3347
                                         Wuhan:                                  E:
     Chengdu:                            UKEAS
     UKEAS                               T: +86 27 8726 5361                     Coimbatore:
     T: +86 28 8540 5813                 W:                   Chopra Consultants
     E:                                                     T: +91 42 2450 4313
                                         Zhenzhou:                               E:
     Chongqing:                          JJL
     UKEAS                               T: +86 371 6022 8686                    Edwise International
     T: +86 23 6380 6660                 E:          T: +91 42 2450 0474
     E:                                                   E:

     Dalian:                              Cyprus                                 Delhi:
     JJL                                                                         Chopra Consultants
     T: +86 411 3986 5959                Andros Papadopoulos                     T: +91 11 4160 8466
     E:      T: +357 22 353 321                      E:
     Guangzhou:                                                                  Edwise International
     UKEAS                                                                       T: +91 11 4700 5333
     T: +86 20 3879 6883                  Dubai                                  E:
                                         Intelligent Partners - Mr Kusum Mehta   Gurgaon:
     Hangzhou:                           T: +9714 2942 460/3                     Chopra Consultants
     UKEAS                               E:            T: +91 12 4408 0080
     T: +86 571 2892 6997                                                        E:
                                          Greece                                 Hyderabad:
     Harbin:                                                                     Chopra Consultants
     D & LT Consultants Ltd                                                      T: +91 40 6649 6551
                                         Dimitris Valsamis
     T: +86 451 8230 7080                                                        E:
                                         T: +30 21 0524 8300
                                                                                 Edwise International
     Jinan:                                                                      T: +91 40 4466 3333
     JJL                                                                         E:
     T: +86 531 8185 1155                 India
     E:                                              Indore:
                                         Chopra Consultants                      Edwise International
     Qingdao:                                                                    T: +91 731 4066 446
     JJL                                 T: +91 79 4003 2126
                                         E:             E:
     T: +86 532 8666 7776
     E:                                              Kapurthala:
                                         Edwise International
                                         T: +91 79 4024 3333                     Chopra Consultants
     UKEAS                                                                       T: +91 18 2223 2449
     T: +86 532 8578 0660                E:
                                         Chopra Consultants                      Kolkata:
     Nanjing:                                                                    Chopra Consultants
     UKEAS                               T: +91 80 4350 3333
                                         E:             T: +91 33 4006 1488
     T: +86 25 5186 1158                                                         E:
                                         Edwise International
                                         T: +91 80 2559 0355                     Edwise International
     Ningbo:                                                                     T: +91 33 4012 2333
     UKEAS                               E:
     T: +86 574 8729 3046
     E:              Chandigarh:
                                         Chopra Consultants
                                         T: +91 17 2507 6493

Chopra Consultants                       Malaysia                              South Korea
T: +91 52 2415 1111
E:               MABECS                                EDM Education
                                        T: +60 3 7956 7655                    T: +82 2 562 5091
Mangalore:                              E:               E:
Chopra Consultants
T: +91 82 4428 9445
E:              Mexico                                Taiwan
Mumbai:                                 Across the Pond                       Hsinchu:
Edwise International                    T: +52 (222) 1414 941                 UKEAS
T: +91 22 4081 3333                     E:        T: +886 3 531 6441
E:                                                 E:

Chopra Consultants                       Nigeria                              Kaohsiung:
T: +91 22 4236 8511                                                           UKEAS
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Chopra Consultants                      E:      Keelung:
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ICC Plus Agency
T: +7 72 7263 5418

“My time on the Lancaster MBA has
 simply represented the best year of my
 life so far, I came here from Venezuela as
 an engineer/scientist; I am leaving with
 skills in business and management that
 are helping me to fulfil my personal and
 professional expectations and dreams.  ”
 Alex Hernandez | Full-time MBA

     The MBA programme is an intensive one-year programme designed to help high-calibre individuals
     develop into more confident, knowledgeable, critical and responsible leaders in an increasingly
     complex global business environment. Drawing on the specialist faculty from all the School’s
     departments, it enables you to acquire cutting edge knowledge and understanding across a broad
     range of vital business and management subjects – including new venture planning, strategy,
     marketing, accounting and finance, international business, operations and process management,
     organisational behaviour and responsible management. However, the programme does not simply
     supply you with essential management knowledge but provides a vital focus on the process of
     managing, which is all too often ignored.

                                                                                              The International
       Key Facts                                 The Lancaster MBA emphasises the
                                                 process of learning as much as the
       Duration:                                 content. You will spend much of your
       12 months, full-time                      time learning in teams that will develop    Business is becoming increasingly global
       Starts:                                   collaborative and leadership skills         and the Lancaster MBA will enhance
       October                                   essential in management, in contrast to     your international management
       Designed for:                             the more individually competitive class     effectiveness and your understanding of
       Managers, executives and                  cultures found on so many MBA               different cultural contexts. Studying
       professionals interested in significant   programmes.
       career change                                                                         alongside experienced managers from at
                                                                                             least 20 different countries, you will
       Intake:                                   At LUMS we believe that management
       75 students                                                                           engage with a truly international
                                                 theories need testing in the ‘real world’
                                                                                             curriculum and faculty with extensive
       Based in:                                 and that enabling students to do this
       Graduate Management School                                                            global experience. You will also extend
                                                 while still on our programmes creates
                                                                                             your network of influential contacts
       Entry requirements:                       superb learning opportunities.
       Honours degree or equivalent; GMAT
                                                                                             around the world.
       600+, IELTS 7 (with at least 6.0 in       During the year, you engage in three
       each element) or TOEFL 600 (100           consultancy challenges, bringing benefits
       internet based, 250 computer based) if
       first language is not English
                                                 to the organisations with whom you
                                                 interact and directly enhancing your own
       Work experience:
                                                 management and leadership skills.
       At least 3 years needed
       Fees (2010/11):

                          “I resigned from my job at one of the largest banks in Nigeria to do the MBA but the
                          risk paid off well as I was employed by another big Nigerian bank two months before
                          the end of the MBA, despite the global recession that shook the financial industry.
                          Olufemi Hassan | Diamond Bank Plc, Nigeria

As part of your MBA you will have the          Programme content                             Marketing
opportunity to experience international                                                      This module explores the marketing
business in context through participation                                                    framework as a way of discovering and
in an international visit to a developing     Autumn Term                                    meeting customer needs. The module
economy. You may also further expand                                                         introduces consumer behaviour,
your international experience by              The first week of the programme is
                                                                                             marketing research, products,
participating in an exchange through the      dedicated to an intensive induction and
                                                                                             distribution channels, promotion, pricing
programme’s links with partner                skills programme to help smooth your
                                                                                             decisions and marketing programming.
institutions in Australia, Austria, Canada,   return to an academic environment,
                                                                                             This module runs over two terms.
China, France, Germany, Italy, New            critically review your skills, and begin the
Zealand, Spain and Switzerland. Some of       process of career planning.                    Mindful Manager
the schemes take place within the                                                            The Mindful Manager module is
                                              A series of compulsory modules then
programme itself, while others extend your                                                   concerned with your development as an
                                              provide a thorough grounding for the
period of study.                                                                             aspiring senior manager and with
                                              whole of the Lancaster MBA. They provide
                                              essential knowledge and skills in areas        building the skills you will require to
Many students who join the MBA
                                              which may be entirely new to you, or a         perform effectively at the most senior
programme are looking to change
                                              welcome refresher in more familiar areas.      levels. The module deals with the art and
fundamentally the direction of their
                                                                                             craft of ‘managing’ as a social and
careers. The flexibility in the programme
                                              Core modules                                   political practice. the focus is on process
design enables you to choose a portfolio
                                                                                             – that is, on the ‘how’ of managing, not
of electives which will suit your preferred   Accounting
                                                                                             on what is being managed. The aim is to
career route, or to keep your options open.   This module provides the fundamental           help you to develop the self-awareness,
                                              principles of financial accounting to          critical thinking skills and team-working
A Career Management Programme is also a
                                              enable you to analyse published financial      competencies that are vital to effective

key feature of the Lancaster MBA. The
                                              statements, including balance sheets,          managing.
programme runs throughout the entire
                                              profit and loss accounts, funds flows,
year, with regular presentations and talks,
                                              group accounts.                                Operations and Process Management
practical workshops and individual
careers consultations for all students. A                                                    This module shows that properly
                                              Analysing Business Decisions
wide range of networking events, talks                                                       managed operations are competitive
                                              This module includes the role of               weapons, not just a cost to be borne. The
and seminars often include contributions
                                              quantitative analysis in business              module covers issues relevant to both
from UK and international businesses.
                                              management, issues of data collection          manufacturing and service companies,
                                              and management, descriptive statistics and     including their strategic impact.
                                              financial tools and an introduction to
                                              statistical modelling.                         Organisational Behaviour
 Accreditation                                                                               and its Application
                                                                                             This module examines factors underlying
                                              This module takes a practical look at the      people’s behaviour in organisations,
The Lancaster MBA is fully accredited by
                                              basics of corporate financial management.      based on research into organisations
AMBA and shares LUMS’ accreditation by
                                              It covers issues such as cash budgeting        drawn from the fields of psychology,
AACSB and EQUIS. It is in the FT and
                                              and financial planning, stakeholder value,     sociology and anthropology.
Economist Intelligence Unit’s global top
                                              investment appraisal, raising capital,
100, and in 2010 was ranked by the FT as
                                              risks and returns, capital structures,
24th in the world.
                                              leasing analysis, mergers and acquisitions
                                              and the management of working capital.

                                “I am able to reflect most of the skills and techniques that I have learnt and used during
                                 the Consultancy Challenge project to my current work at a listed international company.
                                 Dan Clare Wu | Glu Mobile Inc, China

     New Venture Challenge                         Leading Change                                Summer Term
     Working in small teams with a start-up        This module enables you to diagnose
     company or social enterprise, you develop a   and develop strategies for managing           In the first part of this term you choose
     business plan for the enterprise,             change and enhances your ability to lead      three electives – either three related
     including researching the market,             others through change.                        electives which allow you to develop a
     developing a marketing strategy and                                                         specialist theme to your MBA or a mix of
     considering how the business might be         Consultancy Challenge                         different subjects of general interest.
     organised and financed in the future.         This module knits together the other
                                                                                                 The elective choices include the option
                                                   taught modules, using a diverse range
                                                                                                 of forming a Learning Cell – the ultimate
                                                   of learning environments – including
     Spring Term                                                                                 elective. Working on self-directed
                                                   plenary workshops and small learning
                                                                                                 learning as part of a small tutor-led
                                                   teams – to teach managers how to apply
     Strategic Management                                                                        group, this is an opportunity to research
                                                   their learning in practical situations. You
                                                                                                 a topic not featured in the main
     This module considers various views of        receive an intensive introduction to
                                                                                                 curriculum. There are also master
     strategy, including new business models       consultancy and soft-skill toolkits, and
                                                                                                 classes on contemporary issues for all
     created by the revolution. This       then tackle a two-week team-based
                                                                                                 students during the Summer Term.
     module also looks at business issues          consultancy assignment where you
     such as joint ventures and strategic          engage intensively with the client and        Current electives include:
     alliances and examines diversified and        formally present solutions to the client
     multinational organisations.                                                                n   Advanced Decision Models
                                                   and the University. Clients are typically
                                                   medium-sized enterprises, based in            n   Advanced Leadership
     Managing IT in Organisations
                                                   the North West and requiring solutions        n   Advanced Strategic Thinking
     This module provides a broad but critical     to marketing, HR, strategy or                 n   Advanced Human Resources
     introduction to IT and its relevance to       operational problems.                             Management
     modern organisations in a connected
     world. The module explores three              International Business in Context             n   Fund Management
     distinct perspectives: strategy and IT;       This short but intense module will            n   International Business
     IT development and provision; IT and          provide you with an opportunity to learn      n   International Marketing
     organisational implementation.                about the business problems and               n   Mergers and Acquisitions
                                                   opportunities in a developing economy.
     Business Economics                                                                          n   Performance Management
                                                   This is achieved through formal learning,
     This module provides an introduction to       by direct observation and experiential        n   Project Management
     the economist’s view of competitive and       learning in local business situations as      n   Revenue Management
     co-operative behaviour. Topics include        well as the opportunity to experience         n   Strategic Brand Management
     consumption and production theory,            social life in the host country.
     market forces, the dynamics of business                                                     n   Strategy Process and Practice
     growth and multinational enterprises.                                                       n   Supply Chain Management

     Global Society and
     Responsible Management
     This module explores the ethical, social,
     developmental and ecological implications
     of international management strategies.

“The projects on the Lancaster MBA allow
 you to integrate business theory and
 practice. This adds real value to the
 learning experience. ”
 James Roebuck

     Summer Term                                    Programme structure                    Bursaries
     Summer consultancy project or
     internship                                     Autumn Term                           A number of partial-fee bursaries are
     For many, this climax to the MBA is an         (September – December)                available for the MBA programme.
     opportunity to apply the full skills-set and
     knowledge acquired throughout the year         Induction programme (one-week)        These are offered on a competitive basis
     to an in-depth investigation.                                                        and further information can be found on
                                                    Core modules:                         our website.
     The project is a significant component of
                                                    n Accounting
     assessment for the MBA and involves a
     major individual assignment. From June         n Analysing Business Decisions
     through to the end of August you can           n Finance
     either undertake a consultancy project         n Marketing (two-term module)          Learning approach
     for a client company or an internship.         n Operations and Process Management
     Consultancy projects can be based in the
                                                    n Organisational Behaviour and its
     UK or abroad and the client meets the                                                A diverse range of teaching and learning
     direct costs associated with the research.                                           methods are used on the programme –
                                                    n New Venture Challenge               typically involving group work and
     Recent clients have included BASF    ,         n Mindful Manager (two-term
                                                                                          interactive discussion to draw out the
     PricewaterhouseCoopers, Manchester               module)
                                                                                          experience within the classroom and
     Airports Group, HSBC, Allianz Insurance,                                             relate theory to practical experience.
     The Co-operative Group, CEVA Logistics         Spring Term                           There is an emphasis throughout the
     and Morrisons. Projects have also been         (January – March)                     programme on action learning, as seen
     completed for smaller businesses, public                                             particularly in the New Venture Challenge
     sector organisations, charities and                                                  and Consultancy Challenge modules and
                                                    Core modules:
     not-for-profit organisations. Alternatively,                                         the summer project.
     you may be able to arrange an internship       n Strategic Management
     in the UK or abroad through your own                                                 Most modules are assessed through
                                                    n Managing IT in Organisations
     contacts. Some MBA participants prefer to                                            coursework assignments but you will
                                                    n Business Economics                  also sit integrated case study examinations
     undertake a research-based dissertation
     or a more practical and personal project       n Global Society and Responsible      to test your ability to think ‘cross-functionally’
     exploring the potential for a new                Management                          and integrate your learning.
     business venture.                              n International Business in Context
                                                    n Leading Change
     Whichever of these options you choose,
                                                    n Consultancy Challenge
     the work you carry out forms the basis
     of your MBA dissertation.
                                                    Summer Term
                                                    (April – September)

                                                    n 3 assessed electives
                                                    n Project and dissertation

                         “It has been an exhilarating experience, which has enhanced my approach
                          towards management.    ”
                          Daanish Dhar | Vodafone, India

 Entry requirements                          may be asked to successfully complete a
                                             further Lancaster Admissions Essay. In    Further Information
                                             special circumstances, a candidate with
All MBA applicants will need a good first    other exceptional qualities may be
                                                                                       If you have queries about any aspect of
degree and at least three years full-time    admitted when their GMAT score is
                                                                                       the programme, please contact:
professional work experience, normally       marginally below 600 but demonstrates a
                                             good standard on the quantitative         Stacey Read
after graduation. Strong preference will
                                                                                       Admissions Assistant
be given to those who can demonstrate        element, successfully completes a
clearly that they have significant           Lancaster Admissions Essay and meets      T: +44 (0)1524 510736
                                                                                       F: +44 (0)1524 510739
managerial responsibilities.                 other minimum language requirements       E:
                                             (IELTS, TOEFL etc).
Candidates who do not have an honours
degree from a British University require a   If you have a non-standard background
GMAT score of at least 600+, balanced        and would like advice about your
across verbal, written and qualitative       suitability, please contact the LUMS
elements. Candidates who achieve less        Admissions Office.
than 4.5 on the analytical writing element


     MSc Accounting and Financial Management
     MSc Finance

                                                  The Department of Accounting and Finance enjoys a high
                                                  reputation for excellence in both teaching and research. Faculty
                                                  members regularly publish in top academic and professional
                                                  journals, and a number act as editors of academic journals. They
                                                  also act as consultants for banks and other commercial organisations
                                                  and for accounting regulatory bodies. The expertise and closeness to
                                                  the latest professional developments is reflected in the Department’s
                                                  two closely related Masters programmes: the MSc in Accounting
                                                  and Financial Management and the MSc in Finance.

       Key Facts                                  Both programmes draw upon the                The MSc in Finance specialises in
                                                  Department’s cutting-edge research           financial markets, investments, financial
       Duration:                                  and aim to provide able graduates            instruments and risk management.
       12 months, full-time                       with theoretical and practical skills        For either good graduates from a wide
       Starts:                                    which will equip them for success in the     range of disciplines it offers an ideal
       October                                    increasingly complex world of accounting     preparation for careers in finance,
       Designed for:                              and finance. While the two degree            financial management, and banking
       Recent graduates from quantitative         programmes have certain common               or for PhD study.
       backgrounds, aiming to enter               elements and share a common first term,
       accounting or finance-related careers                                                   Flexibility is built into these degrees, in
                                                  they focus on different specialisations.
       Intake:                                                                                 that whichever programme you initially
       60-65 students per programme               The MSc in Accounting and Financial          choose you can switch to the other
       Based in:                                  Management specialises in issues related     programme at the end of the first term
       Department of Accounting and Finance       to the internal financial management of      if you find your interests have moved
       Entry requirements:                        organisations, accounting, and financial     into new areas. There are also MRes
       An upper second class honours degree       reporting, including the use of accounting   versions of both programmes, ideal for
       or equivalent; IELTS 7 (with at least
                                                  numbers in the valuation of businesses.      those who are considering continuing on
       6.0 in each element) or TOEFL 600 (250
       computer based, 100 internet based). If    The programme provides a valuable            to PhD study. It may also be possible for
       your qualifications were not obtained in   foundation for either careers in             you to switch to the MRes version of
       the UK you may be required to provide      investment banking and financial             your chosen programme at the end of
       a GMAT score. A minimum of 600 in          analysis, or for PhD study (notably          the first term on meeting certain
       GMAT, including a good quantitative
                                                  the MRes variant). It also enables           performance criteria. If you are
       score is needed.
                                                  professionally qualified accountants to      considering future PhD study in the UK
       Work experience:
                                                  take stock of what they have learnt in       after your Masters you are encouraged
       Not essential
                                                  practice, and helps able graduates to        to contact the School directly.
       Fees (2010/11):
                                                  extend their academic training to the
       £10,000 UK/EU;
                                                  frontiers of knowledge within the            Students interested in becoming a
       £15,500 Overseas
                                                  discipline. The accounting modules           Chartered Certified Accountant will be
       MRes variant:                                                                           able to seek automatic exemptions from
       ✓ both programmes                          provide coverage of both US GAAP and
       – see page 109                             International Financial Reporting            professional examinations with the
                                                  Standards (IFRS), and emphasis is given      Association of Chartered Certified
                                                  throughout to important differences          Accountants (ACCA). The exemptions
                                                  between US GAAP and IFRS.                    are available at the Fundamentals stage

                          “I chose Lancaster’s MSc in Finance primarily because of the Management
                           School’s excellent research ratings and its world–renowned staff.”
                           Steven Pereira | HSBC in Singapore

and cover up to four or five of the total     Programme content                            ◆ Corporate Finance at CFA levels 1 and 2
fourteen papers required by ACCA.                                                          ◆ Portfolio Management at CFA levels
However it is important to note that the                                                     1, 2 and 3
University syllabi may change from time      Each programme is composed of a total
                                                                                           ◆ Basic Valuation Concepts at CFA level 2
to time affecting exemptions.                of 180 credits. The eight taught modules
                                             are weighted at 15 credits each (120          Principles of Financial Reporting
For those interested in becoming             credits in total – two thirds of total
Chartered Financial Analysts, many of                                                      This module uses core theoretical
                                             degree). The largest single element is
the modules on the programmes                                                              perspectives to address a number of
                                             the Summer Term dissertation which is
contribute to CFA study sessions at                                                        contemporary issues in financial
                                             weighted at 60 credits (one third of the
various levels: these are detailed in the                                                  reporting. It equips students with
                                             total degree).
Programme Content section. Both                                                            knowledge of generally accepted
programmes now benefit from                  Programme modules which contribute            accounting techniques and disclosure
partnership status with the CFA.             towards the CFA’s three study sessions        methods relating to topics covered,

                                                                                                                                        MSc Accounting and Financial Management | MSc Finance
                                             are marked with ◆                             which include income determination,
A small number of Departmental                                                             tangible and intangible assets, leases and
bursaries for CFA first stage study are                                                    deferred taxation.
also offered on an extremely competitive     Autumn Term
basis towards the end of the MSc                                                           ◆ Financial Statement Analysis at CFA
programme.                                   Four introductory modules (non-assessed)        levels 1 and 2
                                             provide a basic introduction in the areas
Many of the Department’s MSc graduates       of Quantitative Methods, Financial            Financial Markets
have progressed to senior positions in the   Management, Accounting and Financial          This module provides students with the
accounting profession and the financial      Markets. There are also support courses in    necessary theoretical and technical skills
sector. Some are now faculty members         study skills, careers management and          to value and use various financial
in universities in the UK and throughout     state-of-the-art financial databases.         instruments, such as forwards, futures,
the world, and others have joined a wide                                                   options and swaps.
variety of leading companies.                The core assessed modules taken
                                             by students on both programmes are            ◆ Securities Markets at CFA level 1
Recruiting companies have included:          as follows:                                   ◆ Derivative Investments at CFA levels
Arthur D Little, Bacon & Woodrow, Bank                                                       1 and 2
of Cyprus, Bank of New York, Bank of         Quantitative Methods for Finance
                                                                                           ◆ Debt Investments at CFA levels 1, 2
Thailand, BankOne, Barclays Capital,         This module addresses topics in
                                                                                             and 3
China Asset Management, Citibank,            probability and applied statistics relevant
Commonwealth Bank of Australia,              to students of Accounting and Finance,
Deloitte, Deutsche Bank, Ernst & Young,      including hypothesis testing, non-            Spring Term
Goldman Sachs, Grant Thornton, HSBC,         parametric methods and multivariate
KPMG, Lazard, Lloyds TSB, Mazars,            regression. It also introduces                As shown in the programme outlines on
Neville Russell, Nestlé, N M Rothschild,     mathematical concepts and methods                              ,
                                                                                           pages 46 and 47 after a common first term
Norwich Union, PricewaterhouseCoopers,       used in discrete time financial models of     the routes for the two programmes now
Piraeus Bank, State Street Global            asset prices and derivative securities.       diverge. Here you can choose your
Advisors, Standard Chartered Bank,                                                         combination of modules, according to
Towers Perrin.                               ◆ Quantitative Methods for Portfolio          your interests and particular career
                                               Management at CFA levels 1, 2 and 3         aspirations. Whichever programme you
                                                                                           choose, you take four of the modules
                                             Foundations of Finance
                                                                                           listed below.
                                             This module covers investment appraisal
                                             techniques, project evaluation stock and      There also continue to be support
                                             bond valuation, portfolio theory, capital     courses on study skills and career
                                             structure, and corporate strategy.            management during this term.

                                “In addition to the completely professional and thorough teaching style at
                                 Lancaster, the wide support network available for students is one of the best
                                 I have come across.  ”
                                 Meghna Amrohi | Pricewaterhousecoopers LLP

     Advanced Corporate Finance                     ◆ Equity Investments at CFA levels 1 and 2        Self study then follows, with support
                                                    ◆ Financial Statements Analysis at CFA            evolving into weekly meetings (surgeries)
     This module extends the valuation of                                                             where students have chance to discuss
                                                      levels 1 and 2
     corporate assets and liabilities to cases in                                                     with a faculty member any specific
     which they contain embedded options.                                                             difficulties they experience. Alternatively
                                                    Derivatives Pricing
     Issues addressed include the valuation of                                                        it may be possible for you to pursue a
     convertible securities, capital structure,     This module covers methods used in the
                                                                                                      non-standard dissertation, subject to
     mergers and acquisitions, and the real         valuation of a range of complex
                                                                                                      meeting certain performance criteria, and
     options approach to investment appraisal.      derivative securities.
                                                                                                      to the availability of a suitable member of
                                                    ◆ Derivatives Investments at CFA                  the Faculty to supervise your chosen
     ◆ Corporate Finance at CFA levels
                                                      levels 1 and 2                                  research topic.
       1 and 2
                                                                                                      The requirement to present a first draft of the
     Advanced Investment Management                 Fixed Income Markets
                                                                                                      final dissertation in the middle of the summer
     This module focuses on modern portfolio        This module covers principles used in             allows detailed feedback to be presented
     strategies of analysis and the returns from    the analysis of fixed income securities           as well as the opportunity to amend the
     factor models.                                 and their derivatives, including the term         work accordingly before final submission at
                                                    structure of interest rates, interest rate        the end of the summer. Examples of recent
     ◆ Portfolio Management at CFA levels           sensitivity (duration and convexity)              topics covered can be found on the website
       1, 2 and 3                                   and the arbitrage free pricing of income          (as well as dissertation requirements).
                                                    rate derivatives.                                 The dissertation element accounts for 60
     Financial Econometrics
                                                                                                      of the degrees’ 180 credits.MSc Fin
     This module studies statistical                ◆ Debt Investments at CFA levels
     techniques used in financial time series.        1, 2 and 3

     Financial Reporting for Complex Entities       International Money and Finance                    MSc Finance
     This module examines the major aspects of
                                                    This module explains the nature and                Programme structure
                                                    relevance of derivative instruments for
     modern corporate financial reporting for       hedging purposes in the currencies market,
     complex entities, including group              and focuses on the international analysis          Autumn Term
     accounting, reporting of financial             of risk through the extension of basic interest    (October – December)
     performance and environmental reporting.       relationships, including futures rates, swaps
                                                    and investment returns. The focus is on            n Quantitative Methods for Finance
     ◆ Financial Statement Analysis at CFA
                                                    approaches to measuring contractual and
       levels 1 and 2                                                                                  n Foundations of Finance
                                                    operational exposure and on understanding
     Management Control Systems                     the relevance of financial information for the     n Principles of Financial Reporting
                                                    development of exchange rate risk hedging.         n Financial Markets
     This module introduces students to the
     use made of management accounting
     information in the design and operation        Summer Term                                        Spring Term
     of management control systems.                                                                    (January – March)
     Financial Statement Analysis
                                                    Accounting and Finance students normally           Total of four modules
     This module familiarises students with         choose a standard dissertation topic from
     techniques for evaluating corporate            those provided by the Department. For a            Two or three from:
     performance and valuing businesses on          small range of topics, taught sessions are
     the basis of financial statement               offered that cover a recent body of                n Financial Econometrics
     information. Topics covered include            literature as well as the advanced methods         n Advanced Corporate Finance
     financial ratios, financial distress and the   required to successfully complete a                n Advanced Investment
     theory and practice of accounting-based        dissertation in an area of current interest.         Management
     valuation of businesses.

Spring Term (Continued)                Plus one or two from:                         Applications may also be considered
                                                                                     from professionally qualified accountants
                                       n Advanced Corporate Finance                  with good examination records.
Plus one or two from:                  n Advanced Investment Management
                                                                                     If your qualifications were not obtained in the
n Financial Statement Analysis         n Financial Econometrics
                                                                                     UK you may be required to provide a GMAT
n Financial Reporting for Complex      n Derivatives Pricing                                                             ,
                                                                                     score. A minimum of 600 in GMAT including
  Entities                             n Fixed Income Markets                        a good quantitative score, is needed.
n Management Control Systems           n International Money & Finance
                                                                                     If your first degree was not taught in
n Derivatives Pricing                                                                English, you will normally need to provide
n Fixed Income Markets                 Summer Term                                   evidence of your English language ability,
n International Money & Finance        (April – September)                           generally via a TOEFL or IELTS score.
                                                                                     Minimum scores are IELTS 7 (with at least

                                                                                                                                       MSc Accounting and Financial Management | MSc Finance
                                       n Dissertation                                6.0 in each element) or TOEFL 600 (250
Summer Term                                                                          computer-based, 100 internet-based).
(April – September)
                                                                                     Competition for places is fierce, and you
n Dissertation                                                                       are advised to apply early. The Department
                                       Learning approach                             looks for evidence of both academic ability
                                                                                     and career motivation.

MSc Accounting and                    On both programmes, various styles of
                                      learning are used – not only lectures and
Financial Management                  individual study but also a range of group      Bursaries
Programme structure                   – and team based activities.The modules
                                      are assessed using a variety of different
                                      methods, enabling students to demonstrate      A small number of Departmental
Autumn Term                                                                          bursaries are available on a competitive
                                      their capability in different ways – for
(October – December)                                                                 basis. There are no application forms for
                                      example, working both individually and in
                                      teams. Most modules use more than              Departmental bursaries; candidates are
n Quantitative Methods for Finance    one type of assessment. Methods used           automatically considered at the time of
n Foundations of Finance              include formal examinations (normally held     application. See also page 15 for general
                                      in January and March/April), individual        financial awards.
n Principles of Financial Reporting
                                      coursework essays and assignments,
n Financial Markets                   group-based reports and case study analysis.

Spring Term
(January – March)
                                       Entry requirements                               Further Information
Total of four modules                                                         
Two or three from:                    Applicants will need a good degree (at
                                      least upper second class honours or               If you have queries about any aspect of
                                                                                        the programme, please contact:
n Financial Statement Analysis        equivalent) in Finance, Accounting,
                                      Economics, Business Studies, Mathematics          Stacey Read
n Financial Reporting for Complex                                                       Admissions Assistant
  Entities                            or another quantitative subject, for
                                                                                        T: +44 (0)1524 510736
                                      example Engineering or Computing.                 F: +44 (0)1524 510739
n Management Control Systems

     MSc Advanced
     Marketing Management

                                                This MSc programme is aimed at graduates with significant
                                                academic or work-based experience of marketing, and seeks to
                                                enrich and build on their existing knowledge as a base for
                                                successful careers in industry or the public services or for further
                                                research study (PhD). The programme focuses on the key
                                                problems faced by marketing managers, aligning the programme
                                                with the sorts of skills and knowledge required by employers.

       Key Facts                                From the outset, you will learn to think         Programme content
                                                critically about the application of marketing
       Duration:                                and will improve your ability to overcome
       12 months, full-time                     the problems typically associated with          The programme is made up of seven
       Starts:                                  implementing marketing strategy and             core taught modules and a dissertation.
       October                                  programmes. You will gain real marketing
                                                practice while studying the intellectual        Being Reflective about Marketing in
       Designed for:
       Marketing graduates or experienced       and knowledge bases of marketing. You           Practice: The Mindful Marketer
       marketing professionals wishing to       will also develop your technical and            This module integrates theory and
       accelerate their careers
                                                interpersonal skills that are necessary for     practice by examining how marketing
       Intake:                                  marketing management roles.                     managers actually behave and why. The
       40-45 students
                                                                                                theory, both marketing and
       Based in:                                Throughout the programme a variety of           management, will be critically evaluated
       Department of Marketing                  cases and projects are used to evaluate         and the simulated practice will involve
       Entry requirements:                      the integration of theory and practice in       continuous reflection by students as to
       An upper second class degree or          marketing management. The Department            its nature, their own experiences and the
       equivalent in marketing or in business   is able to draw on its strong links with
       with a substantial marketing                                                             effect upon them and their learning.
                                                industry, giving students the opportunity to
       component; IELTS 7 (with at least 6.0
       in each element) or TOEFL 600 (250       consider ‘real’ world issues in marketing.      Core Skills for Research
       computer based, 100 internet based) if                                                   and Practice in Marketing
       first language is not English            The programme is accredited by the
                                                                                                The first part of this module focuses on
       Work experience:                         Chartered Institute of Marketing.
                                                                                                developing transferable management
       Essential if first degree does not
                                                                                                skills for the philosophical traditions that
       include substantial marketing
                                                                                                underpin the study of science and
       Fees (2010/11):
                                                                                                scientific method. The module then
       £8,500 UK/EU;
       £13,500 Overseas                                                                         moves on to examine qualitative and
                                                                                                quantitative approaches to research in a
       MRes variant:
       ✓ see page 109                                                                           marketing context.

                          “I met some great people and made many friends while studying at Lancaster. It
                           has certainly been a life experience due to all these memories – I am sure I will
                           carry it with me for the rest of my life.
                           Vicky Theodorou | Junior Product Manager for Premier Foods,
                           the UK’s biggest FMCG food company

Developing a Critical                          Integrated Marketing                         Summer Term
Understanding of Marketing                     Communications (IMC)
Concerned with the nature of marketing         This module aims to develop a critical       Dissertation
knowledge, this module aims to develop         approach to IMC in theory and practice. It   The dissertation is the single largest piece
a critical understanding of major              explores the processes and knowledge         of work on the programme, and is
contemporary issues and problems in            surrounding the (dis)integration of          undertaken over the summer months,
marketing. It has three parts, each relating   marketing communication and, through an      finishing in September. Various types of
to the main aspects of marketing activity:     emphasis on analysis, synthesis and          organisational project or research based
businesses, consumers, and service and         evaluation, seeks to develop a critical      dissertations are possible, subject to
relationship marketing. Students will          stance towards the marketing                 agreement with the Department. It is an
engage with the main theoretical               communications process. After looking        opportunity for students to apply the skills
perspectives in each area, critically          at the key literature and debates in the     learnt on the programme and to focus in
applying this theory to address the issues     area of IMC, theory and practice are         depth on an area of particular interest.
and problems presented in the                  brought together as students develop an      Students are allocated an academic
Reflections on Marketing Practices             integrated marketing communications          supervisor who helps to scope and plan
module.                                        plan for the launch of a new product.        the student’s research. The dissertation
                                                                                            constitutes one third of the overall mark.

                                                                                                                                               MSc Advanced Marketing Management
Brand Management                               Managing Marketing Channels
This module is concerned with the              This module focuses on industrial
day-to-day management of products and          relationships in the particular context of
services, as well as the development of        the manufacturer/retailer. Students           Learning approach
new products/services. The primary focus       develop a practical appreciation of the
will be on managing the branding               management of retail channels in the
process and understanding the sources          light of contemporary market pressures       The programme adopts a problem-solving
of brand equity. The module will examine       and legal and behavioural constraints        approach, using a variety of cases and
how an understanding of consumer               upon channel choice. In addition to the      projects, to evaluate critically the integration
needs and wants informs the marketing          underpinning theory, the module              of theory and practice in marketing
process, beginning with the specifications     incorporates contemporary cases and          management. There is a greater emphasis on
and positioning of products and services for   requires students to access and interpret    workshops and interactive sessions than
designated segments.                           a range of web-based material relating to    on traditional lectures. Groupwork plays an
                                               public policy and to specific industries.    important role in the taught element of the
                                                                                            programme, so you will need to work
                                               Managing Prices                              closely with other students on many
                                               and Profits in Marketing                     different projects. You will also be expected
                                               There is a need for marketing managers to    to contribute actively to discussions,
                                               be confident and conversant with             drawing on your own experience.
                                               financial affairs, since areas such as
                                               pricing and budgeting form an important      The programme makes extensive use of
                                               and integral part of their marketing         an intranet-based virtual learning
                                               activities. This module aims to ensure       environment to facilitate and structure
                                               students have a clear understanding of       your learning. These materials are used to
                                               financial issues relating to marketing and   ‘replace’ many lectures so that sessions
                                               to business more generally. It also seeks    can be used for participation, active
                                               to consider the marketing/finance            reinforcement, learning exercises and
                                               interface, and how this may be managed       case-based learning.
                                               more effectively.

                                 “No course can promise you a career, or even a job, but the MSc guarantees you
                                  an advantage over almost any other candidate.”
                                  Robert Andrews | Sales and Marketing Co-ordinator at Cineworld Cinemas plc

     Assessment methods vary from module to            Programme structure                               Bursaries
     module but include coursework essays
     and assignments, formal examinations,
     group reports, case study analysis,               Phase I                                          A small number of programme bursaries
     individual and group presentations and            (October – March)                                will be available to be allocated on a
     individual critique.                                                                               competitive basis. The selection process
                                                       n Being Reflective about Marketing               will be based on the original application
                                                         in Practice: The Mindful Marketer              form and references. To ensure parity in
                                                         (two-term module)                              the process, no additional information
      Entry requirements                                                                                will be considered. See also page 15 for
                                                       n Core Skills for Research                       general financial awards.
                                                         and Practice in Marketing
                                                         (two-term module)
     Applicants need a good degree (at least
     upper second class honours or equivalent)         n Developing a Critical Understanding
     in Marketing or in a related business               of Marketing (two-term module)
     subject with a substantial marketing                                                                 Further Information
                                                       n Brand Management
     component (at least 30% of overall
     assessment scheme). Those with degrees            n Integrated Marketing Communications    

     in another related area, plus significant                                                            If you have queries about any aspect of
                                                       n Managing Marketing Channels                      the programme, please contact:
     practical experience in marketing, can
     also be considered, providing they show           n Managing Prices and Profits                      Stacey Read
     a clear intellectual interest in the subject.       in Marketing                                     Admissions Assistant
                                                                                                          T: +44 (0)1524 510736
     If your first language is not English, evidence                                                      F: +44 (0)1524 510739
                                                       Phase II
     of your English language ability is                                                                  E:
                                                       (April – September)
     normally required in the form of an
     IELTS or TOEFL score. Minimum scores
     are IELTS 7 (with no individual score
                    .0                                 n Dissertation
     below 6.0) or TOEFL 600 (250 computer-
     based or 100 internet-based).

                                                        “Our strategic partnership with LUMS is going from strength to strength
                                                         and is proving to be a win for academia, for students, for future
                                                         employers and Microsoft alike. ”
                                                        Andrew Hawkins
                                                        (MBA, MCIM EMEA)
                                                        Vertical Marketing Lead
                                                        Professional & Public Services
                                                        Microsoft Business Solutions
                                                        EMEA HQ Marketing Leadership Team

                                                        Microsoft Dynamics has been working with the MSc in Advanced Marketing Management for
                                                        a number of years, providing student projects and contributing to one of the core modules.

“I had the opportunity to do a project-based
dissertation with a multinational company,
dealing with market intelligence across
two continents. ”
Mazen Fares

     MSc E-Business and Innovation

     The Lancaster E-Business and Innovation programme (EBIN) is a unique multidisciplinary programme
     designed to help individuals to understand and shape innovation in e-business and e-commerce
     brought about by Internet, mobile and multimedia technologies. Drawing on the expertise of
     Lancaster’s Management School, Computing Department and Business Enterprise Centre, this
     programme enables you to acquire knowledge and skills in a number of business and technology
     areas, including e-business, e-marketing, business planning, finance, entrepreneurship, supply chain
     management, internet technologies, IT architecture, advanced networking, system security and
     mobile computing.

                                                  Who is it for?                                   Intergration of the
       Key Facts                                                                                   Theory and Practice
       Duration:                                 This programme is designed for everyone
       12 months, full-time                      interested in understanding how the              The hallmark of the Lancaster EBIN
       Starts:                                   innovative potential of e-business and           programme is an emphasis on active
       October                                   e-commerce technologies changes the              learning and the close integration of
       Designed for:                             way organisations compete, co-operate            theory and practice. The content and
       Graduates from management or              and deliver services. It will be of particular   style of the programme allows you to
       computing disciplines
                                                 interest to those with first degrees in          develop a valuable mix of managerial,
       Intake:                                   either management or computing disciplines       ICT and research skills. These are put to
       20-30 students
                                                 although graduates from any discipline           the test in the substantial summer project
       Based in:                                 can apply. The programme offers two              where you either carry out a piece of
       Graduate Management School                specialist routes – focusing on Management       sustained research, or tackle a live business
       Entry requirements:                       or Advanced Computing – and carefully            issue for a client company.
       At least upper second class honours       designed bridging units in the first term
       degree or equivalent; IELTS at least
                                                 allow you to take either route, regardless       Most modules are organised around
       6.5 (with at least 6.0 in each element)
       or TOEFL 580 (238 computer-based          of your previous degree discipline.              team projects in which you engage with
       or 93 internet-based) if first language                                                    business case studies. Two subjects
       is not English.                                                                            (E-Business and Managing IT
       Work experience:                                                                           Architecture) are taught in close
       Desirable but not essential                                                                collaboration with world leading ICT
                                                                Internet and
       Fees (2010/11):                                        Web Technologies                    companies SAP and IBM, providing you
       £8,000 UK/EU;                                    (Software, services, networks)            with direct access to real-world practices.
       £12,500 Overseas

                                                    E-Business                 Entrepreneurship
                                                 (Business models,                 (Strategy,
                                                      markets)                     financing)

                            “The EBIN course appealed to me because firstly, it was a chance to increase
                             my knowledge of both business and technical subject areas. “
                             Chris Ramsbottom | Premier Farnell plc

 A Unique Multidisciplinary                        Key features of the MSc                       n   Digital Box:
 Perspective                                       E-Business and innovation                         This project explored the business
                                                                                                     and consumer aspects of Internet-TV
                                                                                                     (IPTV) for Digital Box, a ‘digital
In order to exploit the innovative                Company-based dissertation projects                consultancy’ and provider of TV and
potentials of Internet, multimedia and            During the summer term you will work on            online gaming together with mobile
mobile technologies you require a                 a dissertation, in a team on a company-            content services. Using a variety of
thorough understanding of business,               based project or there may be an                   methods including consumer
management and technology issues                  opportunity to undertake a start-up                interviews, the team defined
alike. Thus, we have designed the                 business project. The company-based                business models and drafted a
Lancaster EBIN programme as a holistic            project provides a fantastic opportunity for       strategic roadmap.
experience, with a focus on the                   you to put your learning on the programme
integration of topics that are often taught                                                      n   KnowledgePartners:
                                                  into practise in a real life project.
in isolation. To realise this goal, the                                                              The company has hosted three
programme is jointly organised by                 Previous projects have included:                   projects for MSc E-Business and
Lancaster’s Management School and                                                                    Innovation students, including
Computing Department, both of which               n   Premier Farnell Plc:                           most recently one sponsored by
are internationally recognised centres of             A team of three students developed             the British Computer Society
excellence in their respective discipline.                                                           investigating ‘sustainable

                                                                                                                                              MSc E-Business and Innovation
                                                      an ecommerce strategy for Premier
The programme also draws on expertise                 Farnell, a globally operating business-        competitiveness of the UK’s IT
from the Institute for Entrepreneurship               to-business distributor of electronic          industry in global markets (IT-2025)’.
and Enterprise Development, the Business              components and industrial products.
Enterprise Centre and Infolab21 (the                  The team worked with internal
University’s research, development and                stakeholders and customers to
business centre for ICT).                             identify business requirements,
                                                      evaluate the e-commerce web site and
                                                      develop strategic recommendations.

 A Step Towards a Career

The flexibility offered within the programme
means that MSc graduates are equipped
for a variety of career roles – for example,
as business and ICT managers in private
and public sector organisations, as
managers in new or emerging firms
requiring entrepreneurial skills, or as project
managers in existing technology and
service providers.

Graduates of the EBIN programme have
successfully found employment, which
draws on the skills achieved during the
course of their Masters, in a variety of
industries and some in internationally
recognised companies such as IBM,
Oracle, Reuters and L

                                “Working as a functional consultant at Oracle requires good business skills as well
                                 as technical ones. The MSc E-Business and Innovation course provided me with
                                 the vital skills and knowledge to succeed in such an environment.
                                 Steven Grech

     Infolab21                                       Each year, SAP sponsors a SAP-EBIN                     Programme content
     Many of the projects undertaken by              bursary and a prize of £200 for the best
     previous EBIN students are for companies        overall MSc E-Business and Innovation
     based in or working with InfoLab. The           student.                                              The programme provides an integrated
     departments of Computing and                                                                          compulsory curriculum together with
                                                     “We’re delighted to be working with the               two complementary routes (A and B),
     Communication Systems are both based
                                                      MSc in E-Business and Innovation                     depending on student preferences.
     in InfoLab and have a successful history
                                                      through the SAP University Alliance.
     of working with companies including
                                                      Martin Gollogly | UK Head                            The taught element of the programme
     Microsoft, BT Labs, Orange, Cisco,
                                                      University Alliances, SAP                            makes up 120 credits of the MSc degree,
     Nokia and Ford. Also housed within
                                                                                                           and the team-based project/dissertation
     InfoLab is the new technology transfer          Partnership with IBM                                  contributes 60 credits.
     department, the Knowledge Business
     Centre, encouraging the commercial
     exploitation of research. Alongside this some                                                         Autumn Term
     high technology businesses are located
     within the building so that academics                                                                 All students take four core modules, plus
     and business people can and will work           Lancaster’s EBIN programme has                        key bridging modules, depending on their
     alongside each other, to mutual benefit.        teamed up with IBM to deliver a unique                first degree discipline.
                                                     module on IT Architecture. This module is
     The SAP University Alliance                     taught by software experts from IBM                   Bridging modules
                                                     who are taking time off from their                    The bridging modules are designed to
                                                     regular employment to teach EBIN                      give you sufficient background knowledge
                                                     students the principles and methods of                to allow you to tackle any of the more
                                                     developing high-quality architectures for             specialist modules in the second term,
                                                     large-scale enterprise software systems.              depending on your preferences. For
     As part of the E-Business module you gain
     hands-on experience in developing solutions                                                           example, those from management
                                                     A unique feature of this module is a
     with software from SAP the world’s
                             ,                                                                             disciplines can, if they wish, take the
                                                     two-day intensive workshop during
     principal maker of enterprise resource                                                                advanced computing options (Route B)
                                                     which student teams engage with a
     planning (ERP) software.                                                                              and similarly those from technical
                                                     real-world case study. This workshop
                                                                                                           disciplines can take the management
                                                     provides the opportunity to test the
     SAP knowledge and experience is highly                                                                options (Route A).
                                                     understanding and apply the skills
     sought after by large professional services
                                                     acquired during lectures.                             Introduction to ICT
     and consulting firms such as Accenture.
     Experience of SAP is extremely difficult        The IBM logo is a registered trademark of IBM Corp.
                                                                                                           (Management Disciplines)
     to obtain prior to graduation, so this          and is used under license.                            This module provides students with a basic
     programme will give you a significant                                                                 knowledge of the key information and
     advantage in your career.                                                                             communication technologies (ICT) that
                                                                                                           are being developed in the current and
                                                                                                           emerging information industry. The
                                                                                                           underlying principles of technologies will
                                                                                                           be considered, giving students an
                                                                                                           understanding of what lies behind the many
                                                                                                           acronyms and product titles in this field.

Management in Context                        Business Planning and Finance                 Route A modules: Management
(Technical Disciplines)                      In this project-based module students work
This module introduces students to the       in small groups to research and develop       E-Business Supply Chain Management
theory underlying management studies         a business plan for a new venture. At the     This module examines supply networks
whilst developing key managerial skills.     end of the module they should have a          as extended operations that deliver
The module also places the study of          sound appreciation of the theoretical and     products and services, drawing on
management within the global context.        practical concepts that inform business       concepts from operations management
This module emphasises task and              planning and finance.                         and other disciplines.
project based learning.
Core modules                                 Spring Term                                   This module provides an integrated and
                                                                                           critical overview of key concepts and
E-Business                                   Core modules
                                                                                           techniques associated with marketing
This module covers a range of e-business                                                   and consumer behaviour online.
                                             All students take three core modules:
definitions, models and emerging
technologies. Looking at e-commerce                                                        Managing and Learning
                                             Managing IT Architecture
practice in both business-to-business                                                      in Project Environments
                                             Offered in collaboration with IBM,
(B2B) and business-to-consumer (B2C)                                                       Designed as an introduction to
                                             introduces students to the role of the IT
environments, it discusses strategic,                                                      project management processes and

                                                                                                                                            MSc E-Business and Innovation
                                             architect and the need for IT architecture.
technological and legal considerations and                                                 methodologies, this module covers
                                             It develops an understanding of the key
explores possible future developments.                                                     areas such as requirements and project
                                             role of IT architecture in maintaining
                                                                                           specification, estimating and scheduling,
SAP                                          system integrity and quality. The module
                                                                                           resource allocation and performance and
                                             is delivered in an innovative manner and
Students will have a practical opportunity                                                 quality management.
                                             provides students with the opportunity
in this module to use SAP R/3, a
                                             to learn from IBM experts. As the module      Route B modules: Advanced Computing
preconfigured enterprise software
                                             focuses on architecture and design,
system in order to demonstrate business
                                             programming skills are not required.          Students elect two from the
process integration.
                                                                                           following modules:
                                             Managing Complexity
                                             This module provides students with            System Dependability
This module confronts theory with practice
                                             conceptual tools and frameworks for           This module takes a broad socio-technical
and provides a framework for understanding
                                             thinking about the complexity of              perspective on system dependability,
innovation as a dynamic process.
                                             organisations, with a special emphasis on     considering a wide range of reliability,
Innovation is considered in both a micro
                                             the role of information and information       availability, safety and security attributes.
and macro context. Students are taught
                                             systems. The first part of the module         The focus of the content is not limited solely
through a combination of online tutoring
                                             covers general approaches to structuring      to software or hardware, but encompasses
and workshops.
                                             problematic situations, while the             human and organisational considerations
Technology for E-Business                    second part introduces students to            as well. This provides students with a
                                             organisational analysis using Soft            unique “big picture” perspective.
This module focuses on how to build
                                             Systems Methodology (SSM).
e-business solutions and how to assemble
                                                                                           Network and System Security
e-business systems from basic building       Information Management
blocks such as databases and web services.                                                 This module provides an introduction to
                                             and Strategy
The module pays particular attention to                                                    the process of networked system
                                             This module introduces the theoretical        security. It reviews network and system
quality attributes and design processes.
                                             strategic concepts that inform the domain     security issues and threats, and gives a
                                             of strategic IT, and examines the practice    broad view of network and system
                                             and problems associated with the              security services and mechanisms.
                                             planning, implementation and effective
                                             management of the information resource.

     Mobile Computing                                   A. Management                          Summer Term
     This module explores the challenges in
                                                        Three modules:                         Research Methods
     designing for mobile environments,
     examining the key technologies involved.           n Managing and Learning in Project     Intended as a bridge between the more
     Looking at latest research in the field, it also     Environments                         formal taught parts of the programme and
     provides insights into future developments.                                               the independent research work required
                                                        n E-Marketing
                                                                                               for the dissertation, this module will
     Software Innovation and                            n E-Business Supply Chain Management   provide insights into the philosophical
     Entrepreneurship                                                                          and practical issues involved in
     This module explores how emerging                  Advanced Computing                     conducting research.
     software technologies shape new business
     opportunities. Using case studies the module       Two modules chosen from:               Dissertation
     explores technical details of emerging                                                    The dissertation is completed over the
                                                        n System Dependability
     software and web technologies and                                                         summer months and can be either an
     investigates how companies make use of             n Network & System Security            organisational or research-based project.
     them to create new markets and products.           n Mobile Computing                     Research-based projects offer the chance
                                                        n Software Innovation and              for in-depth study of a chosen topic, either
                                                          Entrepreneurship                     with the aim of developing current theory
                                                                                               or of focusing on a particular technology
      Programme Structure
                                                                                               issue. On organisational projects, students
                                                        Summer Term                            typically work in small teams of three/four,
                                                        (April – September)                    pulling together individuals with different
      Autumn Term
                                                                                               skill-sets and backgrounds. Project teams
      (October to December)
                                                        n Research Methods                     are supervised by a Computing or
      Bridging modules:                                                                        Management School staff member,
                                                        n Project and Dissertation
                                                                                               depending on the needs of the project.
      Students from Management
      disciplines take:

      n Introduction to ICT

      Students from Technical disciplines take:
      n Management in Context

      Core modules (taken by all students):
      n E-Business
      n SAP
      n Innovation
      n Technology for E-Business
      n Business Planning and Finance

      Spring Term
      (January – March)

      Core modules:
      n Managing Complexity
      n Information Management
        and Strategy
      n Managing IT Architecture

                            “Undertaking the MSc in E-Business and Innovation degree gave me the
                             management, entrepreneurial and IT knowledge to drive innovative ideas
                             into successful commercial products.
                             Larry Chung | Business Analyst | IBM |Canada

 Learning approach                                 Bursaries                                     China EBIN Bursary (£3,000):
                                                                                                 This bursary, supported by the Lancaster
                                                                                                 China Management Centre and the
A variety of learning and teaching methods        A number of programme bursaries (up to         University of Science and Technology,
are used, reflecting the diversity of the         £3,000) will be available and allocated on     Beijing, is offered on a competitive basis,
material covered. These include formal            a competitive basis. Candidates are            and is open to Chinese applicants only.
lectures, workshops and lab-based                 asked to note on their application form that
sessions, together with case studies and          they wish to be considered for a bursary.      See also page 15 for general financial
many different types of groupwork and                                                            awards.
team-based activities. This enables               In addition the programme offers the
students from different disciplines to            following specific funding opportunities:
share experience and skills.
                                                  SAP EBIN Bursary:
Assessment methods vary from module                  ,
                                                  SAP the world’s largest business                Further Information
to module, but include coursework essays          applications company, is very pleased to
and assignments, formal examinations,             sponsor the EBIN Bursary. The £3,000  
business plans, group reports, group              bursary is offered on a competitive basis,      If you have queries about any aspect of the
presentations and individual critique.            and is open to EU applicants only.              programme, please contact:
                                                                                                  Stacey Read

                                                                                                                                                MSc E-Business and Innovation
                                                                                                  Admissions Assistant
                                                                                                  T: +44 (0)1524 510736
                                                                                                  F: +44 (0)1524 510739
 Entry requirements                                                                               E:

Applicants need at least a good honours
degree (upper second class or equivalent).
Ideally you will also have work experience,
though the programme does take new
graduates with the personality and profile
to contribute to, and benefit from, the
programme. Applicants who do not have
a management or computer-related degree
may apply to this programme and will be
considered on a case by case basis.

If your first language is not English, evidence
of your English language ability will be
required, normally in the form of an IELTS
or TOEFL score. Minimum scores are
IELTS 6.5 (with no element below 6.0) or
TOEFL 580 (238 computer-based or 93

     Graduate Diploma in Economics

     The Graduate Diploma in Economics provides training for graduates who do not have an Economics
     background. In addition to providing comprehensive coverage of economic theory and quantitative
     methods the programme offers the opportunity to study modules based on contemporary economic
     issues such as industrial organisation and economic growth and development.

     The diploma provides an excellent entry route onto MSc programmes in Economics including the MSc in
     Money Banking and Finance. It is also possible for students to progress onto the MSc in Quantitative
     Finance providing a suitable choice of options is made on the diploma.

       Key Facts
       9 months, full-time
       Designed for:
       Graduates from science, arts, social
       science and business backgrounds
       who wish to pursue graduate studies
       in Economics
       Up to 25 students
       Based in:
       Department of Economics
       Entry requirements:
        An upper second class honours degree
       or equivalent in a non-economics
       subject, which must have some
       quantitative content; IELTS 7 (with at
       least 6.0 in each element) or TOEFL 600
       (250 computer based, 100 internet
       based) if first language is not English
       Work Experience:
       Not essential
       Fees (2010/11):
       £3,290 UK/EU;
       £9,000 Overseas

                        “The Economics department is one of the biggest and most highly rated in the
                         UK, and there are many famous economists working within the department.   ”
                         Hanxi Wu

 Programme content                          the UK; models of exchange rate             Spring Term
                                                                                        Students take a further three core
The programme is made up of a total         Mathematics for Economics                   modules, plus one optional module.
of eight modules: seven core modules        Economic problems are often addressed
and one optional module. The optional       using mathematical models, which are        All students take the following core
module allows you to study a                to be specified, analysed and then          modules:
contemporary economic issue of your         tested using real world data. This module
                                                                                        Microeconomic Principles B
choice.                                     integrates mathematical models and
                                            economic theory to provide students         This module is the natural successor to
                                            with the knowledge, understanding and       Microeconomic Principles A taken in the
Autumn Term                                 skills required to set up and solve         Autumn term. It continues the
                                            models as a means of analysing              development of intermediate
All students take four core modules:                                                    microeconomic analysis. Topics covered
                                            economic problems. On completion of
                                            this module students will have a            include: analysis of monopoly behaviour
Microeconomics Principles A
                                            knowledge and understanding of both         and regulation; price and quantity setting
This module introduces students to the                                                  in duopoly markets; introduction to game
                                            analytical methods and their use in the
fundamental theoretical tools required to                                               theory and strategic behaviour by firms;
                                            decision making process.
study microeconomics. Topics covered                                                    auctions (including a study of eBay) and

                                                                                                                                       Graduate Diploma in Economics
include: consumer choice; theory of         Applied Microeconomics                      general equilibrium; and welfare
demand; production and cost functions                                                   economics.
                                            This module increases student
and analysis of competitive markets.
                                            understanding of the ways in which
                                                                                        Macroeconomic Principles B
Macroeconomic Principles A                  microeconomic theory and quantitative
                                            methods can be applied to the analysis      This module emphasises the application
The main focus of this module is on                                                     of macroeconomic theory to current
                                            of a range of contemporary economic
macroeconomic theory, taught within                                                     policy issues. Emphasis is placed on the
                                            problems and issues. The module
the context of current events in the                                                    use of analytical tools for gaining a better
                                            integrates intermediate microeconomic
international macroeconomic                                                             understanding of the workings of the
                                            theory, statistical methods and
environment. Students are encouraged                                                    macro-economy and the ways in which
                                            interpretation of data and empirical
to use their knowledge of                                                               policy makers respond to
                                            results to analyse applied
macroeconomic theory to gain a better                                                   macroeconomic problems. Topics
                                            microeconomic issues of importance to
understanding of current                                                                covered include: unemployment and
                                            businesses, consumer and policy
macroeconomic events and issues.                                                        inflation; adaptive and rational
                                            makers with particular emphasis on the
Topics include: classical and Keynesian                                                 expectations; policy effectiveness under
                                            sports, leisure and entertainment
views; the role of money; real balance                                                  rational expectations; the economics of
and wealth effects; the government                                                      independent central bank; and growth
budget constraint; monetary policy in                                                   theory.

                             “My studies provided me with a wide range of skills including teamworking,
                              problem solving, analytical ability, time management and commercial awareness.
                              These were all attributes I later found employers were looking for.
                              Fiona Ferguson | E.ON

     Introduction to Econometrics              makers. Topics covered include:             Human Resource Economics
     This module provides an introduction to   exchange rate regimes; international        This module focuses on demand and
     the fundamental theoretical concepts      parity conditions; economic business        supply in the labour market and gives
     and applications of econometrics.         cycles; and monetary unions.                special attention to instances where the
                                                                                           market fails to clear. Emphasis is given to
     Students also choose one module from:     Industrial Organisation
                                                                                           modern theories of unemployment that
                                               This module aims to increase                provide the microeconomic rationale for
     Applied Macroeconomics                    understanding of firm behaviour,            wage induration; these include insider-
     This module increases students’           industry structure and competition using    outsider, efficiency wage and monopsony
     understanding of the ways in which        both theoretical (including game theory)    models. Macroeconomic concepts such
     macroeconomic theory and quantitative     and empirical models. This module also      as the natural rate of unemployment and
     methods can be applied to the analysis    covers facets of firm behaviour such as     hysteresis are studied in detail. Institutional
     of international economics and the        pricing, R&D and mergers.                   labour market feature covered include:
     economic history of the UK. This module                                               union-firm bargaining; the role of welfare
     integrates intermediate macroeconomic     Advanced Microeconomic Theory
                                                                                           benefits and internal labour markets.
     theory, statistical methods and           This module develops students’
     interpretation of data and empirical      understanding of advanced material in       Mathematical Economics
     results to analyse applied                the field of microeconomic analysis, with   This module familiarises students with
     macroeconomic issues of importance to     particular reference to the way in which    some of the important mathematical
     economists, businesses and policy         such material can inform policy-making.     concepts that are used in theoretical and
                                                                                           empirical economics.

Economic Growth and Development            Learning approach
This module develops an understanding
of advanced material in the field of
economic growth, with particular          There is considerable variety in the
reference to the application of           teaching methods used on the
theoretical material to the development   programme. These include lectures and
experience and policy-making in           discussion sessions, groupwork, case
developing and emerging economies.        studies, presentations and workshops.
                                          The style of teaching is often highly
                                          interactive so you will be expected to
                                          contribute actively to class discussion
                                          and engage in groupwork with students
 Programme structure
                                          from many different backgrounds.

 Autumn Term
 (October to December)
                                           Entry requirements
 Core modules:

                                                                                                                                 Graduate Diploma in Economics
                                          Applicants will need at least an upper
 n Microeconomic Principles A
                                          second class honours degree in a
 n Macroeconomic Principles A             non-economics subject, which must
 n Mathematics for Economics              have some quantitative content.
 n Applied Microeconomics
                                          If your first language is not English, you
                                          will need to provide evidence of your
 Spring Term                              English language ability, normally via an
 (January to April)                       IELTS or TOEFL score. Minimum scores
                                          are IELTS 7 (with at least 6.0 in each
                                          element) or TOEFL 600 (250 computer-
 Core modules:
                                          based 100 internet-based.
 n Microeconomic Principles B
                                          Overseas applicants may be required to
 n Macroeconomic Principles B             take GMAT but you will be advised of
 n Introduction to Econometrics           this by the admissions team when they
                                          receive your full application.
 One option chosen from:

 n Applied Macroeconomics                                                              Further Information
 n Industrial Organisation                 Bursaries
 n Advanced Microeconomic Theory
                                                                                       If you have queries about any aspect of
 n Human Resource Economics                                                            the programme, please contact
                                          A number of bursaries are available,
 n Mathematical Economics                 allocated on a competitive basis. See        Stacey Read
 n Economic Growth                        page 15 for general financial awards.        Admissions Assistant
   and Development                                                                     T: +44 (0)1524 510736
                                                                                       F: +44 (0)1524 510739

     MA Human Resource and
     Knowledge Management

                                                  The MA offers in-depth analyses of the key themes in 21st
                                                  century management: Human Resource Management (HRM),
                                                  Knowledge Management (KM), and Change Management.
                                                  Contemporary organisations see these as vital dimensions of
                                                  competitive advantage in an increasingly fast-changing global
                                                  economy. The MA provides you with a deep understanding of
                                                  these essential themes and equips you for careers in critical
                                                  positions in contemporary management.

       Key Facts                                  The MA is taught in the Department of       As human creative and innovative
                                                  Organisation, Work and Technology           resources are seen as the foundation of
       Duration:                                  which is a multi-disciplinary group of      organisational and individual performance,
       12 months, full-time                       social scientists dedicated to research     management’s main aspiration in successful
       Starts:                                    and teaching in the interconnected areas    global and local organisations is the
       October                                    of management, organisations, work and      mobilisation of people and knowledge.
       Designed for:                              technology. The Department has a wide       As global market pressures increase
       Management and business, social            array of expertise in HRM, KM,              steadily, as consumers become more
       science, psychology, humanities and        organisation theory, change                 and more demanding, the effectiveness
       arts graduates, as well as practitioners
                                                  management, social psychology,              of management and organisations depend
       interested in Human Resource
       Management and Knowledge                   sociology, and information systems. The     upon their human and knowledge resources.
       Management                                 Department’s distinctive approach to
                                                  teaching and research has earned            The economic downturn has already
       20-30 students                             international recognition and reputation.   shown how important it is for any
                                                  The Department continues to grow and        professional in management to possess
       Based in:
       Department of Organisation, Work and       develop new and exciting areas of study     a thorough understanding of people and
       Technology                                 such as: ethics, sustainability and         knowledge in times of radical and
       Entry requirements:                        corporate social responsibility in the      relentless change, of unpredictable
       At least upper second class honours        context of globalisation; new forms of      challenges to innovate, re-think and
       degree or equivalent in management,        work and people management in global        re-organise.
       business, social sciences, psychology,
       humanities and arts; IELTS 7 (with at
                                                  organisations, new workspaces and
                                                                                              The programme addresses topics in a
       least 6.0 in each element) or TOEFL        architecture in the knowledge economy.
                                                                                              systematic and inspiring fashion. You will
       600 (250 computer based, 100 internet
       based) if first language is not English    HRM and KM have become the main             study modules structured around four
                                                  drivers of competitive advantage for all    main themes: HRM; KM; the management
       Work experience:
       Not compulsory                             organisations in an increasingly            of change and new organisational
                                                  fast-changing global economy. You will      structures in the 21st century; and the
       Fees (2010/11):
       £6,000 UK/EU;                              develop a deep understanding of the key     production of managerial knowledge.
       £11,700 Overseas                           themes in 21st century management
                                                                                              Graduates of the programme have
       MRes variant:                              and organisations: people, knowledge,
                                                                                              entered a wide variety of jobs in the
       ✓ see page 109                             and change.
                                                                                              private and public sector. They work in
                                                                                              management and consultancy positions
                                                                                              in human resource management,

                          “The MA is a very well-designed course in which each subject is integrated with
                           every other. It enabled me to develop systematic and analytical thinking and a clear
                           understanding of the course. ”
                           Salin Kulsiriswad | Mitsui & Co, Thailand

knowledge management, or general             local and global organisations. Students       Spring Term
management. Others have moved into           will develop an understanding of
roles in purchasing, sales and retailing,    Knowledge Management and learn that it         Human Resource Management II
or taken up local and central government     is wide reaching and complex.                  The Rise and Growth of HRM Ideas
posts. Others have pursued higher                                                           and Techniques
education careers.                           Organisations in the 21st Century
                                                                                            This module builds upon HRM I by
                                             This module introduces contemporary
For those interested in pursuing a                                                          examining HRM practices and the ideas
                                             organisations as institutional structures in
research career, the programme is also                                                      that underpin them, such as: recruitment
                                             which management functions. The module
available as an MA in Human Resource                                                        and selection (looking at job advertisements,
                                             begins by considering the formal
and Knowledge Management (by                                                                CVs, power words, online applications,
                                             organisation (and the role of management)
research) as part of an integrated PhD                                                      ‘soft skills’ and assessment centres, etc.);
                                             developed through the 20th century. The
(one year of training in research                                                           performance management and appraisal
                                             main part of this module deals with the
methods followed by three years of                                                          as the new forms of control in HRM;
                                             contemporary situation. It is argued that
supervised research).                                                                       work motivation and the idea of
                                             the present time is one of extraordinary
                                                                                            self-actualisation; human resource

                                                                                                                                            MA Human Resource and Knowledge Management
                                             change in organisations, and that this
                                                                                            development (HRD) and the management
                                             offers a considerable challenge to
                                                                                            of individuals, teams, and organisational
                                             orthodox organisational theory. The
                                                                                            cultures. Finally, the module will ask how
 Programme content                           material presented looks at the situation
                                                                                            human resources have become the
                                             for organisations, and examines key
                                                                                            strategic assets of contemporary
                                             arguments to explain this change.
                                                                                            organisations in the knowledge economy.
Autumn Term                                                                                 The module focuses upon key trends in
                                             The Production of                              contemporary work including talent
Human Resource Management I
                                             Managerial Knowledge I                         management, employee wellness and
Contexts, Controversies and Critiques
                                             The Rise of Management Ideas                   happiness at work, spirituality and ‘play@
This module provides an introduction to                                                     work’ in 21st century organisations.
                                             and Concepts
the major debates about HRM. It
examines controversies around the            This module examines how management            Knowledge Management II
nature of HRM, how it developed and          has emerged as a crucial form of
                                                                                            Knowledge Management as social
how far it might be distinctive. The         organising work throughout the 20th
                                                                                            practice: global and ethical issues
context within which HRM emerged is          century, the sources of management
                                             ideas and why management is seen in            This module introduces arguments about
seen as key to understanding it and this
                                             specific ways. The module shows in detail      the power of knowledge and the complex
leads to a consideration of how HRM
                                             how knowledge about people, work and           relationships between knowledge,
becomes translated as it becomes
                                             organisations is produced, how it relies       learning, creativity and innovation. On
globalised. Areas seen as central to the
                                             upon certain assumptions and how these         completion of the module students will
practice of HRM are explored in such a
                                             assumptions have changed over time. It         be able to understand how knowledge is
way as to critique their taken for granted
                                             enables students to understand how the         articulated and constructed through
‘normality’ and unpack the assumptions
                                             topics of HRM and KM are configured            discourses and practices. Students will
underlying them.
                                             today and what they mean as forms of           also understand how knowledge and
                                             knowledge in managerial practices.             knowledge management processes are
Knowledge Management I
                                                                                            situated, distributed and contested in the
This module presents the ideas and
                                                                                            context of rapid change in organisations.
practices that lie below the label
Knowledge Management. Students will
have the opportunity to listen to a number
of speakers and discuss Knowledge
Management from a variety of different
perspectives. Examples are drawn from
both the private and public sector, from

                                ”The truly international and diverse environment meant that perspectives were put
                                 forward that I’d not previously considered - it taught me the benefits of remaining
                                 open-minded and critical of previous assumptions”
                                 Joanne McCawley | Corus Group

     The module also identifies current themes       Summer Term                                    Programme structure
     and debates in knowledge management
     such as: the knowledge economy; the ethics      The Production of
     of knowledge management locally and             Managerial Knowledge III                       Autumn Term
     internationally; knowledge as property and      Quantitative Methods in                        (October – December)
     its global issues; management education,        Management Practice
     consultancy and knowledge management.                                                          n Human Resource Management I
                                                     A central form of knowledge production is
                                                     the use of various quantitative measures.        Contexts, Controversies and
     The Management
                                                     How are they produced? What do they              Critiques
     of Organisational Change
                                                     measure? This module provides students         n Knowledge Management I
     The contemporary world is characterised
                                                     with key quantitative techniques and
     by a range of social, political, economic,                                                     n Organisations in the 21st Century
                                                     illustrates their application. Students will
     technological and organisational changes                                                         New Forms of Organising in the
                                                     be able to understand, for example,
     that challenge accepted understandings                                                           Contemporary World
                                                     how to conduct a questionnaire-based
     and practices. This module introduces                                                          n The Production of
                                                     survey focusing on a particular
     students to contributions from the social                                                        Managerial Knowledge I
                                                     management problem.
     sciences that are useful in thinking about                                                       The Rise of Management Ideas and
     change. The focus is upon the development       Dissertation Project                             Concepts
     of an account of change that steers between
                                                     The most important part of the assessment
     reformist tinkering and revolutionary
                                                     (40%) is the summer dissertation which         Spring Term
     upheaval. The module argues that the
                                                     takes place in the last three months of the    (January – March)
     emerging social, technological, political and
                                                     programme. This provides students with an
     economic context requires a reflexive
                                                     opportunity to bring together the learning
     appreciation of the complexities and                                                           n Human Resource Management II
                                                     acquired throughout the programme in a
     uncertainties of change and intervention.                                                        The Rise and Growth of Human
                                                     substantial piece of independent research
                                                                                                      Resource Management Ideas
     The Production of                               on a chosen topic within the areas of the
                                                                                                      and Techniques
     Managerial Knowledge II                         programme. The dissertation acts as an
                                                     integrative exercise, enabling students to     n Knowledge Management II
     Analysing Management in Practice,                                                                Knowledge Management as
                                                     focus their analytic and research skills on
     Research in Organisational Settings                                                              Social Practice
                                                     a particular issue or series of issues.
     This is a module with practical goals as                                                       n The Management of
     well as academic content. The main              Each student will have a personal                Organisational Change
     purposes are two-fold: firstly, to introduce    supervisor with expertise in the chosen
                                                                                                    n The Production of
     some of the standard techniques of              topic area. The form of the dissertation
                                                                                                      Managerial Knowledge II
     research relevant to the study of               can be as an organisational research
                                                                                                      Analysing Management in Practice,
     organisational settings; and secondly to        project in which a student undertakes a
                                                                                                      Research in Organisational Settings
     reach an understanding of research as a         case study of a particular organisation, or
     process of social communication, one in         a library-based project.
     which knowledge is created for specific                                                        Summer Term
     purposes and for the benefit of                                                                (April – September)
     identifiable audiences.
                                                                                                    n The Production of Managerial
                                                                                                      Knowledge III
                                                                                                      Quantitative Methods in
                                                                                                      Management Practices
                                                                                                    n Dissertation Project

 Learning approach                             Entry requirements

The modules provide an overview of            Applicants will need a first or upper
major concepts, theories and practices.       second class honours degree (or
Lectures are delivered in a dynamic and       equivalent) in management and business
critical fashion. Through rich conceptual     studies, social sciences, psychology,
frameworks, you will acquire the              humanities and arts. Work experience is
indispensable ability to grasp how            beneficial although it is not compulsory. If
everyday organisational processes are         English is not your first language, you will
shaped through managerial action and          normally need to provide evidence of your
how to engage with them. Equally crucial      English language ability, generally via a
is the time taken to study the materials      TOEFL or IELTS score. Minimum scores
taught in the modules and to have a lively               .0
                                              are IELTS 7 (with at least 6.0 in each
and open dialogue with lecturers. This is     element) or TOEFL 600 (250 computer-

                                                                                                                                        MA Human Resource and Knowledge Management
why the programme offers the                  based or 100 internet-based).
opportunity for you to choose your own
topics for essays and for the dissertation,
thus developing your particular interests
and specialising according to these            Bursaries
interests. You will benefit from personal
supervision with tutors allocated
according to your chosen topic.               The Department offers a number of
                                              small grants to applicants with good
The programme creates a vibrant               previous results. Students are also
environment in which you will be able to      eligible to apply for a small number of
explore your own ideas and bring forth        University awards. For general financial
your own inputs and experiences. This         awards see page 15.
close exchange of ideas and approaches
enriches participants and it has always led
to an impressive variety of work being
undertaken each year. The programme
aims to create a diverse international
group of participants with a range of
different backgrounds, achievements,
interests and intentions – a group which
represents the global environment of
contemporary management.

                                                                                             Further Information
                                                                                             If you have any queries about any aspect
                                                                                             of the programme, please contact:
                                                                                             Wendy Wang
                                                                                             Postgraduate Secretary
                                                                                             T: +44 (0)1524 592312
                                                                                             F: +44 (0)1524 594060

     MSc Information Technology,
     Management and
     Organisational Change

                                               The MSc in Information Technology, Management and Organisational
                                               Change (ITMOC) is designed to give students the knowledge and
                                               skills needed to become effective IT managers and consultants.
                                               The programme looks at the development, management,
                                               organisation and use of information technology within and
                                               between organisations, providing you with conceptual and practical
                                               knowledge of managing IT and IT-induced change. It also enables
                                               you to develop vital skills and knowledge you will need to enter –
                                               or re-enter – the workplace in a management or consulting role.

       Key Facts                               Core modules in fundamental areas such     As a student on the ITMOC
                                               as knowledge management, project           programme you will:
       Duration:                               management and managing change are
       12 months, full-time                    combined with options that allow you to    n   develop an in-depth understanding
       Starts:                                 specialise in either management issues         of the organisational and management
       October                                 (e-business), organisational issues            processes that underlie IT-induced
       Designed for:                           (digital divide) or in the technology          organisational change
       Those seeking careers in general        domain (ICT infrastructures). You are
       management and consulting roles and/                                               n   have the necessary knowledge and
                                               guided in your choice of options, based
       or as IT managers and consultants                                                      skills in the development and
                                               on the nature of your undergraduate
       Intake:                                                                                management of IT to successfully
                                               degree and your work experience.
       45-50 students                                                                         re/enter the workplace in a
       Based in:                               ITMOC graduates are now working as             management or consulting role
       Graduate Management School              managers, consultants, project managers
                                                                                          n   be able to respond to the organisation
       Entry requirements:                     and systems analysts in a variety of
       An upper second class honours degree                                                   and management of current and
                                               public and private-sector organisations
       or equivalent; IELTS 7 (with at least
                                .0                                                            emerging technologies
                                               across the world. A number have chosen
       6.0 in each element)
       or TOEFL 600 (250 computer based, 100   to extend their studies by taking a PhD,   n   develop conceptual and practical
       internet based) if first language is    for which the ITMOC MRes option                knowledge in the following areas:
       not English                             provides excellent preparation.                managing change, knowledge
       Work experience:                                                                       management, systems analysis and
       Welcomed but not essential
                                                                                              design, IT strategy, problem-solving
       Fees (2010/11):                                                                        methodologies, project management,
       £8,000 UK/EU;                                     Organisation                         and e-business
       £12,500 Overseas
       MRes variant:
       ✓ see page 109
                                                   Technology   Management

                           “Thanks to ITMOC I now feel very confident that I have the tools, techniques and
                            qualifications to take on any challenge and develop my career to the highest level.
                            Tom Whitehead | NHS

 What makes the ITMOC                           Information systems professionals have          Link with Accenture
 programme different                            to become skilled at managing projects,
                                                managing change and understanding the
 and innovative?
                                                impact of the applications on existing
                                                organisational processes. The ITMOC
                                                programme therefore aims to give you a
Most business schools have a programme
                                                substantive grasp of concepts, debates
in Information Systems and E-Business.
                                                and issues in key areas of change              It is a measure of the practical focus of
These programmes distinguish themselves
                                                management, IT management, system              the ITMOC programme that since 2005
from others in business schools by their
                                                analysis and design, knowledge                 the programme has been working closely
high technical content. Students typically
                                                management and IT strategy. Since              with Accenture, one of the world’s
cover a substantial level of technical skills
                                                current tools have inevitably only a           largest and most successful professional

                                                                                                                                               MSc Information Technology, Management and Organisational Change
as part of the programme. These
                                                limited lifespan, the programme will           services and consulting firms. The
technical skills are then augmented by
                                                develop your ability to respond to emerging    collaboration takes several forms:
management-orientated modules.
                                                technologies. The aim is to develop
However, students often leave such
                                                flexible and pragmatic graduates, able to      n   Accenture consultants participate in the
courses with insufficient technical skills
                                                think on their feet and deal appropriately         teaching of a core module, bringing
to enter a technical career and due to
                                                with complex organisational problems.              real case studies to illustrate different
limited management content such
                                                                                                   approaches to consulting interventions.
students are not adequately equipped to
                                                You will acquire highly relevant process
begin a management career either.                                                              n   The company sponsors several ITMOC
                                                skills, such as problem structuring, project
                                                management, presentation, report writing,          projects, where students work closely
In contrast to the typical Information
                                                group working, negotiation and                     with Accenture consultants over the
Systems and E-Business programmes,
                                                argumentation – essential for professional         Summer to research an area of current
the MSc ITMOC makes an explicit
                                                careers in IT management and consultancy.
                                                             ,                                     concern arising from their consulting
commitment to the fact that information
                                                It is our belief that this very distinctive        engagements. For those students, this
technology has become a strategic and
                                                focus on information technology and                forms the basis for their dissertation.
organisational change issue rather than a
                                                organisational change makes the
technical issue.                                                                               n   Accenture also sponsors an annual
                                                programme a market leader in preparing
                                                management and information systems                 prize for the best overall ITMOC student.
                                                professionals for future careers. This
                                                                                               Please note this collaboration is subject
                                                explicit and substantive management
                                                                                               to review.
                                                focus, together with the Management
                                                School’s reputation as a centre of
                                                academic and teaching excellence,
                                                provides the essential ingredients for
                                                a very successful programme.

                                                 “The content of the ITMOC programme,
                                                  coupled with the emphasis it places on
                                                  skill development, fits perfectly with the
                                                  skills set that we and other international
                                                  management consultants require.     ”
                                                  Karen McAnaney
                                                  Graduate Recruitment | Accenture

                              “This experience, combined with the content of the ITMOC course, really opened
                               doors for me and a career within Accenture was the natural thing for me to pursue.
                               Fredrik Sponheim | Accenture

      SAP University Alliance                     The assessed modules taken in the               n   Personal development of
      Programme                                   Autumn Term collectively account for                transferable skills
                                                  30% of the final mark for the MSc, the
                                                                                                  n   A supportive and collaborative
                                                  Spring Term modules a further 30% and
                                                                                                      learning environment
                                                  the dissertation 40%.
                                                                                                  The programme consists of a number of
                                                  The ITMOC programme looks at the
                                                                                                  core modules such as knowledge
                                                  development, management, organisation
     There is also collaboration with SAP the
                                            ,                                                     management, project management and
                                                  and use of information technology within
     world’s principal enterprise management                                                      managing change that we view as being
                                                  and between organisations. We provide
     software. On the Analysis and Design                                                         fundamental; we also provide options
                                                  our students with a conceptual and
     module you will gain practical experience                                                    that offer students the chance to
                                                  practical knowledge of the management
     of using SAP Knowledge and experience
                   .                                                                              specialise in either management issues
                                                  of IT and IT-induced change. The
     of SAP is highly sought after by large                                                       (e-business), organisational issues
                                                  programme develops students’
     professional services and consulting                                                         (digital divide) or in the technology
                                                  intellectual and analytical abilities so they
     firms such as Accenture and IBM Global                                                       domain (ICT infrastructures).
                                                  are equipped to respond to the endless
     services. Experience of SAP is extremely     stream of technological developments
     difficult to obtain prior to graduation so
     this module will give you a significant
                                                  they will encounter in their work               Autumn Term
                                                  following their successful graduation
     advantage for your career.                   from ITMOC.                                     All students take six core modules:

                                                  The programme will offer the following          Interpretations of Information,
                                                  benefits:                                       Technology and Organisations
      Programme content                                                                           This module provides an appreciation of
                                                  n   Research-led teaching
                                                                                                  the historical emergence of information
                                                  n   Pragmatic thinking through                  technology and the role it has played in
     The programme structure outline shows            case studies                                the workplace. Lecture topics include
     the core modules taken by all students.      n   Relevant and appropriate theory             the significance of IT to the changing
     Optional modules then allow you to                                                           nature of work, IT disasters and lessons
                                                  n   Critical discussion and debate on
     follow your particular interests.                                                            that can be drawn from them, and
                                                      issues and cases
                                                                                                  issues of power and control.

                                                                                                  Managing and Learning
                                                                                                  in Project Environments
                                                                                                  More and more work is being carried out
                                                                                                  through projects and programmes which
                                                                                                  involve cross-functional project teams
                                                                                                  and flexible organisation structures.
                                                                                                  Managing this kind of work requires an
                                                                                                  altogether different approach, in which
                                                                                                  the emphasis is on ‘managing’ rather
                                                                                                  than ‘management’ and ‘knowing what
                                                                                                  to do when you don’t know what to do’.

Systemic Interventions                         filmed presentations where students            Spring Term
and Consulting                                 receive feedback from tutors and peers.
                                                                                              All students take four core modules:
Currently delivered in association with
                                               You also take one optional module
Accenture, this module provides an                                                            The Management of
                                               chosen from:
introduction to making sense of complex                                                       Organisational Change
organisational problem settings. Topics        E-Business                                     This module examines the issues raised
include problem structuring and framing,
                                               At the end of this module students should      by IT-induced change. It specifically looks
approaches to consulting interventions,
                                               have a sound appreciation of the               at: the role of leadership in managing
eliciting client requirements and the use
                                               theoretical and practical concepts that        change; the relationship between change
of Soft Systems Methodology (SSM) in
                                               inform the e-business domain.                  management and knowledge management;
relation to activity modelling and ICT
                                                                                              how culture influences the way change is

                                                                                                                                            MSc Information Technology, Management and Organisational Change
planning and development.                      Enterprise Systems                             and can be managed; and managing fear
Knowledge Management                           This module provides students with an          and uncertainty experienced by employees
and Information Technology                     opportunity to learn about the complexity      around change management projects.
                                               and need for Enterprise Systems (ES) in
This module examines different                                                                Researching Information Systems
                                               organisations. The ES market has grown
technological applications that are utilised                                                  in Organisational Settings
                                               into USD $35 billion and continues to grow
in knowledge management projects, and
                                               at a rapid pace. Most organisations deploy     This module aims to familiarise students
reviews differing perspectives of how
                                               at least some parts of ES if not the           with a variety of research techniques
knowledge can be generated and
                                               complete spectrum of functionality offered     (qualitative and quantitative) relevant for
transferred around an organisation. It
                                               by ES. Due to advances in modern day           studying information systems within
also explores issues of encoding human
                                               e-commerce technologies and a high level       organisations. It also seeks to teach an
expertise into specific software
                                               of integration, it is now often difficult to   understanding of research as a process
application and reviews ideas
                                               distinguish between e-commerce and             of social communication, and not just a
surrounding organisational learning and
                                               e-business within orgnaisations.               matter of technique alone. Topics include
organisational innovation. Each topic will
                                                                                              case study research, ethnography, action
be discussed in relation to specific           Human Resource Management I                    research, participant observation,
company examples.
                                               The aims of this module are to introduce       interviews, questionnaires and secondary
SAP                                            students to Human Resource Management          analysis of data.
                                               (HRM) theory and to examine how this
This module will introduce concepts,                                                          Strategy and IT Management
                                               actually relates to practice. During the
principles and issues with SAP and
                                               module we will investigate innovations         Not only can IT support an organisation’s
enterprise resource planning systems in
                                               in HRM and the corresponding effects           strategy, it can also create strategic
general. Students will examine SAP
                                               on employees.                                  choice. Against this background the
through lab exercises and short lectures.
                                                                                              module aims to develop an understanding
Topics in this module include:                 Operations Management                          of the concepts and frameworks through
Examination of SAP ERP systems and
                                               This module considers the role of the          which the potential for strategic IT
their applications in industry; issues in
                                               operations manager and the operations          application with strategic context can be
packaged software implementation and
                                               function within a manufacturing and            identified and evaluated. It also seeks to
underlying concepts behind SAP and
                                               service industry environment. It covers        work out the practice and problems
enterprise systems.
                                               different types of operation, looking at       associated with the planning,
Skills Development: Negotiation,               the application of alternative methods of      implementation and effective management
Argumentation and Presentation                 planning and control.                          of the information resource.

This highly practical non-assessed module      Financial Management
seeks to help students gain transferable
                                               This module provides an overview of
skills sought after by employers. Workshop
                                               the key issues relating to the financial
and lecture material is complemented by
                                               management of
a series of practical exercises such as
                                               a business.

     Analysis and Design                           Human Resource Management II                    Summer Term
     Using a mixture of practical lab-based and    Using examples of concrete, everyday
     theoretical lecture-based sessions, this      corporate HRM practices, this module
     module bridges the gap between business,      explores some of the cultural and               This is a substantial individual report of
     information systems and IT and aims to        historical roots of contemporary HRM            independent research, where you draw
     give students skills they can apply easily    vocabularies and techniques.                    on concepts and ideas presented on the
     in the workplace. Topics include: the                                                         programme to help you formulate and
     system development lifecycle and Rapid        It aims to offer a set of academic              undertake your analysis. You also have an
     Application Development for customised        concepts for thinking critically and            academic supervisor whom you can
     development; the SAP enterprise               reflexively about HRM and the world in          consult during your project. The types of
     resource planning software for application-   which it plays a role.                          research can vary: a project aiming to
     driven development; and packaged                                                              develop or assess current research in a
                                                   International Business Marketing                particular area of study; a research project
     software systems for end-user development.
     Students will be introduced to SAP            This module looks at issues of international    focusing on a particular case study of
     software as part of this module.              marketing such as market entry                  development and/or use of IT in one or
                                                   strategies, strategic alliance, international   more organisations; or an in-organisation
     You also take one optional module from        branding and advertising, and cultural and      placement or project, which looks at a
     the following:                                social issues in marketing.                     particular issue or problem for the
                                                                                                   organisation, defined through
     Network Communications                        The Culture of Knowledge                        consultation between the client company,
     & Cisco Technologies                          Management                                      yourself and your academic supervisor.
                                                   This module introduces arguments about          Several of these client projects are
                                                   the power of knowledge. It also discusses       sponsored each year by Accenture.
                                                   the relationships between knowledge,
                                                   creativity and innovation.

     This module not only provides an insight
     into areas such as network services,
     wireless technologies, infrastructure
     security and ISPs. It also provides a
     strong grounding in planning, designing,
     implementing and troubleshooting
     internetworked systems. The module
     also builds upon the Cisco Academy
     Discovery curriculum, thereby giving
     successful students the knowledge and
     skills they need to be able to work
     towards the CISCO CCENT professional
     examination, recognised by employers
     world-wide as an appropriate
     certification for network technicians.

     Social Aspects of the Digital Age
     The emphasis of this module is on the
     political, ethical, management and
     organisational implications of embedding
     information technology into organisations
     and society. Topics such as electronic
     government, the digital divide and ITCs
     in a global context.

                       “After graduating from ITMOC, I started working for CRAC: The Career
                        Development Organisation in Cambridge, UK. I wanted to get work experience in
                        the field of consultancy and gain some international experience.
                        Jalpa Maniar | CRAC

Programme structure                      Learning approach

Autumn Term                             The programme aims to develop
(October – December)                    opportunities for individual, independent
                                        and collective learning rather than mere
n Induction programme (one-week)        teaching. Teaching and learning take a
                                        variety of forms. Teaching is carried out
Core modules:
                                        through a combination of lectures,
n Interpretations of Information,       seminars, workshops and student led
  Technology and Organisations

                                                                                                                    MSc Information Technology, Management and Organisational Change
                                        sessions. These will include, for example,
n Managing and Learning in Project      specific organisational cases, in-depth
  Environments                          project research and detailed problem-
n SAP                                   solving exercises. Some of the material
n Systemic Interventions and            introduced relates to the ongoing
  Consulting                            research conducted by module tutors.
                                        The tutors are drawn from several of the
n Knowledge Management and IT
                                        School’s departments – Organisation,
n Skills Development: Negotiation,
                                        Work and Technology, Management
  Argumentation and Presentation
                                        Science and the Management
One option from: E-Business,            Development Division – as well as the
Enterprise Systems, Human Resource      University’s Computing Department and
Management I, Operations                a range of business practitioners.
Management, Financial Management
                                        You are also allocated to a learning group
                                        for the duration of the programme. These
Spring Term
                                        learning groups provide co-operative
(January – March)
                                        learning opportunities and peer-to-peer
                                        support. Each group has an academic
Core modules:
                                        tutor who assists the group with the
n Management of Organisational Change   content of the programme and provides a
n Researching Information Systems       point of contact for non-academic issues.
  in Organisational Settings
n Strategy and IT Management            Assessment methods vary from module
                                        to module but may involve a mixture of
n Analysis and Design
                                        formal examination, coursework essay,
One option from: Network                group report, case study test, group
Communications and Cisco                presentation or individual critique.
Technologies, Social Aspects of the
Digital Age, Human Resource
Management II, International Business
Marketing, The Culture of Knowledge

Summer Term
(April – September)

n Dissertation

                                “The diverse cultural and ethnic nationalities that form the core of the participants
                                 on ITMOC made the learning environment exciting and challenging, particularly in
                                 the areas of group work and presentations.   ”
                                 Ado Ali Birnin-Kudu | Corporate Affairs Commission | Federal Government of Nigeria

      Study skills module                             You can find out more about the careers       Bursaries
                                                      ITMOC graduates enter by looking at our
                                                      alumni profiles on the LUMS website.
     Our special study skills module is a feature                                                  A number of bursaries, are available on a
     primarily of induction week but also the         A significant proportion of previous         competitive basis. Students should note
     first half of the term. The module helps         cohorts of ITMOC students have gone          on their application form if they would
     students gain a familiarity and experience       on to work for Deloitte and/or Accenture     like to be considered for these bursaries.
     in the study skills that are required on         in the UK and across the world.              See also page 15 for general financial
     ITMOC. As well as covering presentation                                                       awards.
     and group working skills, it also helps
     students to develop their skills in essay
     writing, referencing and literature searching.    Entry requirements
     The study skills module is particularly
     valuable for international students or           Applicants will need at least an upper
     those returning to study after a few years       second class honours degree or
     in industry.                                     equivalent. We also accept an equivalent
                                                      professional qualification.

                                                      Applications from prospective students
      Careers                                         with work experience are encouraged,
                                                      and the programme also admits new
                                                      graduates with the profile and personality
     The MSc in ITMOC programme is                    to contribute to, and benefit from, the
     designed to provide graduates with the           programme.
     intellectual horizons, the frameworks for
                                                      No particular subject of first degree is
     action and up-to-date knowledge of
                                                      specifically needed but ITMOC students
     emerging themes and topics so that they
                                                      typically have backgrounds in general or
     may successfully re/enter the job market.
                                                      specific management, IT or computing-
     Graduates are equally suited for a career
                                                      related subjects, management information
     in more general management roles, or
                                                      systems or social science disciplines.
     for roles that relate specifically to the
     development and management of
                                                      If your first degree was not taught in
     information technology. ITMOC graduates
                                                      English, you will normally need to provide
     are typically employed in the roles listed
                                                      evidence of your English language ability,
     below in a variety of public and private-
                                                      generally via an IELTS or TOEFL score.
     sector organisations across the world.
                                                      Minimum scores are IELTS 7 (with no
                                                      element less than 6.0) or TOEFL 600 (250
     n   Business consultants
                                                      computer-based, 100 internet-based).
     n   IT consultants                                                                               Further Information
     n   IT managers
     n   HRM managers
                                                                                                      If you have queries about any aspect of
     n   Business analysts                                                                            the programme, please contact:
     n   Project managers                                                                             Stacey Read
                                                                                                      Admissions Assistant
     n   Business managers in non-IT areas
                                                                                                      T: +44 (0)1524 510736
     n   PhD research                                                                                 F: +44 (0)1524 510739

“The Lancaster University facilities are
 superb – from the library to the
 lecture theatres.
 Claudia Cecilia Peña

     MSc International Business

                                                 The MSc in International Business shows how economic
                                                 principles are the key to understanding globalisation and the
                                                 patterns of growth, trade, investment, finance and employment
                                                 in the developed and the developing world. It is designed to
                                                 enable students with a business or economics degree to
                                                 acquire useful analytical and problem solving skills in the
                                                 context of globalisation and a wide range of international
                                                 business issues.

       Key Facts                                 This MSc programme has a core focus on         This programme is based in the Graduate
                                                 economic analysis of international             Management School and is taught by
       Duration:                                 business and an emphasis on current            academic staff with extensive academic
       12 months, full-time                      and emerging issues in the global              knowledge of the area as well as practical
       Starts:                                   economy, in contrast to more general           experience in both multinational firms and
       October                                   international business programmes,             institutions both in the UK and abroad.
       Designed for:                             which are concerned primarily with             The principal faculty have published
       Graduates seeking careers within          international management.                      extensively in academic journals and
       international business                                                                   books in the broad area of international
       Intake:                                   The programme will give you a strong           business, globalisation, trade, investment,
       30-40 students                            understanding of the key issues in             finance, growth and development. They
       Based in:                                 globalisation, the international business      have also undertaken consultancy with
       Graduate Management School                environment and recent developments            international institutions, such as the
       Entry requirements:                       in many different areas of international       European Commission, the United
       An upper second class degree or           business, including trade liberalisation,      Nations, UNCTAD, the WTO and the
       equivalent, preferably with at least      trade in services, foreign direct              World Bank.
       Introductory Economics or related
                                                 investment, exchange rates, international
       subjects and a course in Mathematics
       or Statistics; IELTS 7 (with no           political economy, financial markets,          Graduates from the programme have
       element less than 6.0) or TOEFL 600       economic growth and international              gone on to work in a wide range of
       (250 computer based, 100 internet         migration.                                     multinational businesses, financial
       based) if first language is not English                                                  institutions, government departments
       Work experience:                          It will also develop your ability to address   and universities around the world. A
       Not essential, but useful                 applied business problems using                significant number have found senior
       Fees (2010/11):                           quantitative and qualitative methods of        positions in government ministries in
       £8,000 UK/EU students;                    analysis.                                      their native countries, where they are
       £12,650 Overseas
                                                                                                helping to shape economic policy and
       MRes variant:                             The programme attracts graduates from
                                                                                                the development of international trade.
       ✓ see page 109                            a variety of backgrounds, but a good
                                                                                                Others have entered careers in academic
                                                 basic understanding of economics and
                                                                                                research – and for those considering this
                                                 statistics is desirable. It is therefore
                                                                                                option, the MRes variant of the programme
                                                 useful that your first degree contained
                                                                                                provides ideal PhD preparation (for further
                                                 introductory economics and a module in
                                                                                                details, see page 109).

                         “ part of my dissertation project, I was given the opportunity to work with the
                          Financial Services Authority (FSA) in London. This enabled me to conduct primary
                          research on my topic and to obtain invaluable work life experience.
                          Manika Aggarwal | Edgar, Dunn & Co

 Programme content                          Autumn Term                                   Economics for Managers
                                                                                          This module provides a useful primer in
                                            All students take five core modules:
                                                                                          micro and macro economics. It covers a
The MSc programme provides students         International Business I                      range of important topics including: the
with the critical tools and skills to                                                     market system, the firm, competition,
                                            This double module examines key issues
interpret the global economic and                                                         monopoly and market power, market
                                            in globalisation and developments in the
international business environment. The                                                   failure and government intervention, an
                                            international business environment. The
programme offers students a                                                               overview of the macro-economy, the
                                            module begins by surveying the principal
comprehensive range of core and                                                           government and the macro-economy,
                                            components of the globalisation process.
optional modules from across LUMS, all                                                    money and the economy, inflation and
                                            This is followed by a discussion of the
of which have a strong international                                                      unemployment, and the international
                                            determinants of trade patterns, the gains
perspective. Students graduate with a                                                     economy.
                                            from international trade, the trade
strong interdisciplinary grounding in all
                                            liberalisation process and growth of
aspects of international business.                                                        Business Statistics
                                            economic blocs such as the EU, NAFTA,
The programme comprises a total of 180      Mercosur and APEC.                            This module provides students with
credits. It has six core modules (80                                                      a basic grounding in statistics for
credits) and up to four optional modules    The module then covers the determinants       business applications, including
(40 credits) together with a dissertation   of exchange rates and the implications of     probability, hypothesis testing and
(50 credits) which is supported by a        foreign exchange management for               statistical models.

                                                                                                                                       MSc International Business
module in Research Methods (10 credits).    businesses. The final part of the module
                                            introduces international political economy,   Financial Management
                                            the regulation of international trade and     This module provides students with a
                                            the role and functions of the WTO.            general overview of key areas relating to
                                                                                          the financial management of enterprises.
                                                                                          It uses relevant theoretical and technical
                                                                                          material on a range of financial topics
                                                                                          including: the time value of money,
                                                                                          capital budgeting, asset valuation, risk
                                                                                          management, portfolio theory and
                                                                                          forward and futures markets.

                                                                                          International Business Strategy
                                                                                          This module, taught by the Centre for
                                                                                          Strategic Management, focuses on
                                                                                          strategic decision-making in international
                                                                                          business – using relevant case study

                               “The support network at Lancaster is excellent. As the course and class sizes are
                                relatively small, we all knew each other and were able to help one another and
                                study together when necessary.   ”
                                Erin Lee | KPMG

     Spring Term                                    International Human Resource                  International Money and Finance
                                                    Management                                    Beginning with the basic international
     Students take the core International                                                         currency parity relationships, this
                                                    The first part of this module addresses
     Business module along with up to four                                                        module examines the nature of business
                                                    issues concerned with human resource
     optional modules, including the                                                              exposure to foreign exchange risk and
                                                    development, such as the recruitment
     following:                                                                                   the techniques available for hedging
                                                    and selection of new employees, the
                                                    impact of remuneration schemes on             these risks. In addition to reviewing
     International Business II
                                                    worker effort, the role of trade unions       forward and futures contracts, several
     This double module introduces students                                                       sessions are devoted to the theory and
                                                    and the effect of training on company
     to the theoretical and empirical literature                                                  application of options contracts in the
                                                    performance. In the second part of the
     on multinational enterprises and foreign                                                     context of forex risk hedging
                                                    module, the focus shifts to consider the
     direct investment. This discussion then
                                                    contribution that human resource
     extends into a range of applied topics in
                                                    development can make to the growth of         Summer Term
     international business including: joint
                                                    the economy.
     ventures, strategic business alliances,                                                      Research Methods
     treasury management, trade blocs, the          International Banking and Risk                This module provides a bridge between
     impact on host-economies, the                  Management                                    the theoretical and analytical material
     outsourcing debate, computer software,                                                       covered in the taught modules and the
                                                    This module examines the economics of
     and cars in developing economies and                                                         individual research programme
                                                    financial intermediation and
     agribusiness.                                                                                undertaken in the dissertation. It
                                                    disintermediation, with some emphasis
                                                    on the UK as a major international            provides students with useful insights
     Students also take up to four optional
                                                    financial centre. Covering commercial         into the philosophical and practical
     modules from the following:
                                                    and investment banking, the module            issues involved in conducting research.
     Accounting                                     examines practical issues of risk             The course covers: research design,
                                                    management by intermediaries as well          qualitative and quantitative research
     This module provides students with an
                                                    as the potential risks involved in the        methods and topics in international
     understanding of the nature and practice
                                                    more recent trend towards financial           business research.
     of accounting in a business context. It
     focuses on measurement issues and              disintermediation. Regulatory issues are
     seeks to identify what accounting can          addressed, with attention paid to both
                                                    ‘on’ and ‘off’ balance sheet positions.       The final element of the MSc is the
     and cannot do. The module deals with
                                                                                                  dissertation, a substantial piece of
     financial information that companies
                                                    International Business Marketing              independent study undertaken between
     provide to stakeholders, including the
                                                    This module builds upon the issues            May and September. The dissertation
     demand for and nature of such financial
                                                    discussed in the International Business       provides students with the opportunity to
     accounts and how to interpret them. The
                                                    core module, and extends the analysis to      apply relevant theory and research
     second part focuses on managerial
                                                    discuss: market entry strategies, strategic   techniques to a research topic in the
     accounting used to run businesses and
                                                    alliances, international branding and         broad area of international business.
     covers cost behaviour, cost
                                                    advertising, and cultural and social issues   Students choose their topic, in
     management, decision-making, planning,
                                                    in marketing.                                 consultation with the MSc Director.
     budgeting and budgetary control.
                                                                                                  Students will be assigned an academic
     Growth in Emerging Economies                                                                 supervisor who provides guidance on
                                                                                                  the structure and content of the research.
     This module evaluates the principal
     theories and determinants of economic
     growth and it reviews the relevance of
     growth and trade theories in the light of
     experience in newly industrialising
     economies in East Asia, China, India,
     Latin America (including Argentina and
     Brazil) and Africa (including South Africa).

Programme structure                    Learning approach                         If your first language is not English, you
                                                                                 will normally need to provide evidence of
                                                                                 your English language ability, normally in
Autumn Term                           There is considerable variety in the       the form of an IELTS or TOEFL score.
(October – December)                  teaching methods used on the                                              .0
                                                                                 Minimum scores are IELTS 7 (with at
                                      programme. These include lectures and      least 6.0 in each element) or TOEFL 600
                                      discussion sessions, groupwork, case       (250 computer-based, 100 internet-
Core modules:
                                      studies, presentations and workshops       based).
n International Business I            on the use of statistical packages.
n Economics for Managers              A highlight of the Spring Term is the
n Financial Management                World Economic Forum debate which

n International Business Strategy
                                      takes place over one whole day at a         Bursaries
                                      venue away from the University. The
                                      style of teaching is often highly
Spring Term                           interactive. You will be expected to       There are a number of bursaries
(January – March)                     contribute actively to class discussion    available, allocated on a competitive basis
                                      and to engage in groupwork with            and valued at up to £2,500. See also
                                      students from many different               page 15 for general financial awards.
Core module:
                                      backgrounds. As some of the modules
                                      are shared with other Management

                                                                                                                               MSc International Business
n International Business II
                                      School programmes, such as
Up to four options, chosen from:      Management, Management Science and
                                      ITMOC, you will also have an opportunity
n Accounting
                                      to work with other Masters students.
n Business Ethics                                                                  Further Information
n Corporations in International
  Business Law
                                                                                   If you have queries about any aspect of
n Environmental Issues for Managers    Entry requirements                          the programme, please contact:
n Growth in Emerging Economies                                                     Stacey Read
n International Banking and                                                        Admissions Assistant
                                      Applicants will need an upper second
  Risk Management                                                                  T: +44 (0)1524 510736
                                      class honours degree or equivalent in        F: +44 (0)1524 510739
n International Business Law          any business subject including at least      E:
n International Business Marketing    one year of economics and at least one
n International Human                 module in statistics.
  Resource Management
n International Money and Finance
n Leadership
n Project Management

Summer Term
(April – September)

n Research Methods
n Dissertation

     MA Management and Consulting

                                                  The MA in Management and Consulting combines academic,
                                                  professional and personal development. It is designed for people
                                                  who are interested in developing employees, managers, leaders
                                                  and organisations – whether they are working in management or
                                                  HRD roles within organisations or employed as change agents
                                                  or external consultants. It seeks to develop participants’ skills
                                                  and awareness as a responsive, reflective practitioners, able to
                                                  analyse and respond to changing needs and evolving
                                                  organisational contexts.

       Key Facts                                  The programme is concerned with        By examining and reflecting on many types
                                                  three key themes:                      of HR, leadership and management
       Duration:                                                                         development approaches, the programme
       12 months, full-time                       n   HRD and Organisational Learning    enriches your awareness of different
       Starts:                                        which explores:                    approaches and enhances your ability to
       October                                                                           design and manage appropriate
                                                      - HR strategy and business
       Designed for:                                    partnerships                     development interventions. It also develops
       Management and HRD professionals,              - Organisational learning and      your understanding of the business
       management developers and                                                         contribution offered by HR and the role of
       educators, change agents and
                                                        knowledge management
                                                      - Change and organisational        evaluation in diagnosing organisational and
                                                        development                      individual needs.
       25-30 students                                 - Evaluation
                                                                                         The Department of Management
       Based in:                                                                         Learning and Leadership is at the
                                                  n   Management Learning which
       Department of Management Learning
                                                      focuses on:                        forefront of research and thinking into
       and Leadership
                                                                                         how managers learn and has been
       Entry requirements:                            - Leadership development
                                                                                         influential over many years in shaping
       An upper second class honours degree           - Management development
       degree or equivalent; IELTS 7 (with at
                                       .0                                                policy and practice in all kinds of
       least 6.0 in each element) or TOEFL        n   Consulting which explores:         organisations, private and public sector.
       600 (250 computer-based, 100                                                      Staff teaching on the programme are
       Internet-based) if first language is not       - The consulting cycle
                                                                                         active in research, and their research
       English                                        - Management consulting
                                                                                         feeds directly into the MA programme.
       Work experience:                               - Consultancy approaches
                                                                                         Management, HRD and consulting
       At least two years preferred                   - Politics and ethics in the
                                                                                         professionals – including some
       Fees (2010/11):                                  consulting approaches
                                                                                         programme alumni – also contribute to
       £8,000 UK/EU;                                  - Consulting and coaching styles
                                                                                         sessions, bringing invaluable practitioner
       £12,500 Overseas
                                                                                         perspectives to the discussion. The MA
       MRes variant:
                                                                                         opens up career prospects in HRD,
       ✓ see page 109
                                                                                         management education, management and
                                                                                         organisational development and consulting.

                          “My experience at Lancaster was enormously fulfilling. Not only did I find what
                           I was looking for, but I also gained a richer approach to consultancy through
                           the research element of the programme.     ”
                           Alberto Cánovas Charmel | Research Consultant

While many who join the programme do          Organisational Learning and                Research I
so to invest in their own professional        Knowledge Management                       This is the first of three linked modules,
development, the programme has also           This module argues that a key reason for   one per term. The aim is to prepare you
proved highly attractive to line managers     the failure of many knowledge              for the research projects and dissertation
with a particular interest in people and      management systems is that they are not    you will complete during the programme,
organisational development.                   based on appreciation of the learning      and to develop your skills in using a range
                                              processes within organisations. This       of management research methods.
For those interested in pursuing a research
                                              module reviews the development of
career, the programme is also available as
                                              ideas about organisational learning and
a MA in Management and Consulting (by                                                    Design and Dynamics of Learning
                                              knowledge before considering the
research) as part of the ‘1 + 3’ scheme                                                  This module focuses on the design of
                                              application of these ideas to real-life
(one year of training in research methods                                                education, development and training
                                              organisations including those in which
followed by three years of supervised                                                    events and on creating the best
                                              students have work experience.
research).                                                                               environments and conditions for learning.
                                                                                         The module has significant practical
                                                                                         elements. In groups, students are invited
                                                                                         to carry out their own learning designs
 Programme content                                                                       and participate in a networked or virtual
                                                                                         learning experience.

                                                                                                                                       MA Management and Consulting
All students follow the same core set of
modules. The assessment, however, is
not necessarily connected directly to
each individual module and allows scope
for you to explore further concepts
relating to one or more modules.

The dissertation accounts for 40% of the
marks for the MA, with five other pieces of
coursework making up the remaining 60%.

Autumn Term
Introduction to Management, HRD and
This introductory module provides
essential building blocks for the
programme and a link to subsequent
modules. It covers the nature and
purpose of management in a HRD
context and consulting and reviews
management and organisational learning
as a field of enquiry. It also develops
interpersonal and collaborative learning
skills and links these to associated

                                “What I enjoyed most was the unstructured and flexible learning approach of
                                 the entire programme. I also liked the experience of working together in small
                                 teams, diverse in terms of cultural and professional backgrounds.
                                 Susanne Röhrig | Prior to joining the MA, Susanne had spent five years
                                 working in training and development in Germany

     Spring Term                                     Summer Term                                        Programme structure
     Organisational Diagnosis                        International HRD
     and Consulting                                  This module provides a foundation for              Autumn Term
     This key module looks at the nature of          understanding the different cultural and           (October – December)
     consulting and the roles of internal and        institutional factors within the major
     external consultants – both in theory and       economies of the world, and then                   n Induction programme
     in practice. It considers the research skills   considers the dilemmas currently faced               (one-week)
     required for consultancy work and               by multinationals and the solutions they
                                                                                                        n Introduction to Management,
     reflects on ways of managing projects           have developed in order to provide robust
                                                                                                          HRD and Consulting
     and organisational interventions. This          human resource development for their
                                                                                                        n Organisational Learning and
     module contains a short consulting              people. Teaching methods for this module
                                                                                                          Knowledge Management
     project, where you work in teams on             include a range of readings, case studies,
     a live issue identified by a client             group work and simulations.                        n Research I
     company/organisation.                                                                              n Design and Dynamics of Learning
                                                     Quantitative Survey
     Research II                                     and Research Methods
     This module involves a more detailed            This module provides detailed guidance             Spring Term
     focus on the use of qualitative research        on undertaking large-scale research, using         (January – March)
     techniques, in management and HR,               a range of quantitative research methods.
     building on the knowledge gained in the         The main quantitative methods covered              n Organisational Diagnosis
     first term.                                     are descriptive data analysis, statistical           and Consulting
                                                     relationships (correlation and regression          n Research II
     Advances in Leadership Development              analysis), hypothesis testing, data reduction
                                                                                                        n Advances in Leadership
     This module focuses on how leadership           analysis (factor analysis) and data
     knowledge can be transformed into               classification analysis (discriminant analysis).
     actionable knowledge within
     organisations. It explores whether              Dissertation                                       Summer Term
     management, leadership and                      Occupying the final three months of the            (April – September)
     organisation development can contribute         programme, the dissertation involves an
     to the performance of organisations and         extended piece of research, often carried          n International HRD
     if so, how this can be achieved.                out in a company or across a series of
                                                                                                        n Quantitative Survey
                                                                                                          and Research Methods
                                                                                                        n Dissertation

 Learning approach                             Entry requirements                            Bursaries

A central philosophy of the programme is      Applicants will need at least an upper        A small number of departmental awards
a belief in the importance of self-directed   second class honours degree or                are available, allocated on the basis of
study, coupled with collaborative working.    equivalent, along with some work              need. Applicants who are experiencing
The taught modules typically involve          experience – preferably two years or          financial hardship are required to submit a
inputs from staff to introduce theories       equivalent in a relevant field. The subject   request to make a case for a bursary. See
and concepts, interspersed with group         area of the first degree is not critical.     also page 15 for general financial awards.
work and research investigations. You are
also expected to read extensively,            We also recognise that people may have
exploring topics in more detail and           valuable professional experience or skills
identifying new areas of interest. A high     which may in some instances allow us to
level of discussion and interaction – both    waive the degree requirement. In such
inside and outside the classroom – is a       cases applicants will be asked to submit a
vital element of the programme and            short essay which demonstrates their
requires active participation from all        ability to study at Masters level. A small
programme members. There is much              number of candidates are accepted with
emphasis on sharing ideas and                 high academic ability but with less work

                                                                                                                                          MA Management and Consulting
professional experience. In some of the       experience. Such candidates are only
modules you present your findings, either     admitted after their suitability has been
individually or in small groups, to one       assessed in a personal interview (if based
another and to the module tutor(s). The       in the UK) or a telephone interview (for
findings are then discussed and linked        those living outside the UK).
back to theory.
                                              If your first language is not English, you
All students are assigned to a learning       will need to provide evidence of your
group, comprising four/six students plus a    English language ability, generally via a
tutor. These groups are central to the        TOEFL or IELTS score. Minimum scores
learning process. Groups meet regularly                    .0
                                              are IELTS 7 (with at least 6.0 in each
throughout the programme, working             element) or TOEFL 600 (250 computer-
together to help individual programme         based, 100 internet-based).
members set and achieve their learning
objectives in developing, producing and
reviewing pieces of work.

The assessment is via seminar papers,
oral presentations, a research based
project and the dissertation. There are no                                                     Further Information
formal examinations. The seminar papers
allow you to explore ideas arising from                                              
the module content and/or literature, and                                                      If you have any queries about any aspect
also to draw on your previous experience                                                       of the programme, please contact:
in work or education.                                                                          Hazel Midgley
                                                                                               Programme Secretary
                                                                                               T: +44 (0)1524 594016
                                                                                               F: +44 (0)1524 844262

     MSc Management
     MSc Management and Innovation
     MSc Management and Marketing
     MSc/LL.M Management and Law

     These multi-disciplinary programmes draw upon the strengths of staff across the Management
     School and other faculties to provide a broad introduction to a range of business and management
     disciplines. The aim of these programmes is to familiarise students with principles and techniques
     from the main management areas and allow them to develop the knowledge, flexibility and skills
     base needed for employment in management roles. They are designed for new or recent
     graduates and are ideal for those who lack the necessary depth of work experience for admission
     to the Lancaster MBA or the MSc in Advanced Marketing Management.

       Key Facts
       12 months, full-time
       Designed for:
       Recent graduates primarily from a
       non-management background who
       would like a career in management
       (see entry requirements for more
       detailed information)
       100 students (combined programmes)
       Based in:
       Graduate Management School
       Entry requirements:
       At least upper second class honours
       degree or equivalent; IELTS 7 (with at
       least 6.0 in each element) or TOEFL
       600 (250 computer based, 100 internet
       based) if first language is not English
       Work experience:
       Not required
       Fees (2010/11):
       £12,500 Overseas

                         “The MSc in Management is a great course for people who, like me, have an
                          interest in business and management and want to take it further. I was fortunate to
                          be offered a job by Corus – one of the world’s largest steel companies on their
                          graduate management training scheme several months before I finished my MSc.     ”
                          Sophie Al-Khaled | Corus

The MSc in Management focuses on             interact with the business community,         client-based projects, tackling a real

                                                                                                                                       MSc Management | MSc Management and Innovation | MSc Management and Marketing | MSc/LL.M Management and Law
developing an understanding of all           engage with business practice bringing        issue identified by a company. It is the
business functions and of the complex        theory and practice together and look at      ideal way to see how the ideas and
organisational issues which managers         how innovation could support business         concepts you have gathered throughout
encounter. It provides ideal preparation     growth and development.                       the programme translate into day-to-day
for a wide range of business and                                                           management. On the MSc Management
management careers.                          The MSc in Management and                     and Law programme you will graduate
                                             Marketing develops an understanding of        with an LL.M if your dissertation is
Via the programme’s core modules you         all business functions and of complex         supervised by the Law Department.
can acquire a thorough grasp of areas        organisational issues connected with
such as HRM, accounting and financial        marketing. It provides ideal preparation
management, economics, marketing,            for a range of management and
operations management, new venture           marketing careers.
planning and the management of
organisational change.                       Via the programme’s core modules you
                                             can acquire a thorough grasp of areas
                                                                                           Lancaster’s MSc in Management has full
This exposure to the main areas of           such as accounting, strategy, economics
                                                                                           accreditation by the Association of MBAs.
business and management gives a good         and organisational issues. In addition
overview of the different functional areas   you’ll specialise in marketing during the
of business and how they fit together. At    Spring Term.
the same time, it allows you to assess
where your own particular area of            The MSc/LL.M in Management and
interest may lie.                            Law is delivered jointly by the Graduate
                                             Management School and the Law
Exchange schemes offered as part of the      Department. The programme focuses on
MSc in Management programme                  developing an understanding of business
provide an opportunity for you to gain       functions and organisational issues with
further international experience by          a legal aspect. It provides ideal
studying at one of a number of leading       preparation for a wide range of business
partner institutions across Europe. In       and management careers, including
most cases, up to two places are             managerial careers within the legal
available at each partner institution.       profession. Via the programme’s core
Depending on the institution, you spend      modules you can acquire a thorough
10-12 weeks abroad, in the Summer            grasp of areas such as law, accounting,
term, and the work undertaken there          economics and organisational issues.
contributes towards your final degree. In
some cases you may need to hone your         On all these programmes there is
language skills beforehand, and optional     extensive project work and practical
language support courses in the first        activities that help you to identify your
two terms enable you to do so. These         own managerial strengths. Most
language courses are also open to other      importantly, they allow you to develop
MSc in Management students who are           wide-ranging practical skills in areas such
keen to improve their language fluency.      as report writing, leadership, working in
                                             cross-cultural teams and making
The MSc Management and Innovation            effective presentations – invaluable for
helps you to acquire an understanding of     competing effectively in an increasingly
the key principles and techniques of         competitive graduate job market.
management and innovation so they can
be applied in a business envrionment.        The summer project and dissertation
Through the “Innovation in Practice”         offers the chance for some students to
modules students will be expected to         work as external consultants on

                              “Looking back, the programme has provided me with skills and credentials that
                               were key in giving me a foothold in the UK’s competitive job market and getting
                               me accepted onto IBM’s Graduate Programme.     ”
                               Nicholas Ebel | IBM

      Programme content                         Programme structure
                                                                                                     Mngt & Mngt & Mngt &
     The table opposite provides you with a     Autumn Term (October – December               Mngt    Inn    Mktg   Law
     detailed illustration of the modules       Learning to Manage                             ✓       ✓      ✓      ✓
     studied on each programme.This section
                                                Financial Management                           ◆       ◆      ◆      ◆
     provides an overview of all modules.
                                                Operations Management                          ◆       ◆      ◆      ◆
     The MSc in Management, Management          Economics for Managers                         ◆       ◆      ◆      ◆
     and Innovation and Management and          Marketing                                      ✓       ◆      ✓      ◆
     Marketing are both made up of 12
                                                Strategic Management                           ✓       ✓      ✓      ✓
     modules. The MSc in Management and
     Law is made up of 10 modules. For all      Innovation in Practice I                               ✓
     programmes the dissertation is             Corporate Governance                                                 ◆
     weighted at 33% of the total degree and    European and International Competition Law                           ◆
     the remaining 67% is spread evenly
                                                International Business Structures and                                ◆
     across the other modules.
     To help students optimise their            Corporations in International Business Law                           ◆
     performance on the academic modules,                                                            Mngt & Mngt & Mngt &
     several non-assessed support classes       Spring Term (January – March)                 Mngt    Inn    Mktg   Law
     are provided. These include Quantitative   New Venture Planning                           ✓       ✓      ◆      ✓
     Methods, IT, example classes in
                                                Accouting                                      ✓       ✓      ✓      ✓
     Accounting, Finance and Operations
     Management, plus Academic Study            Innovation in Practice II                              ✓
     Skills.                                    Environmental Issues for Managers              ◆       ◆
                                                Business Ethics                                ◆       ◆             ◆
     The choices for optional modules may
     vary from year to year but the options     Project Management                             ◆       ◆             ◆
     illustrated in the prospectus provide a    Leadership                                     ◆       ◆             ◆
     good guide to those offered in recent      Strategic Decision Making                      ◆                     ◆
                                                Management of Organisational Change            ◆       ◆      ◆      ◆
                                                Negotiation Skills                             ◆       ◆             ◆
                                                Marketing Communications                                      ✓
                                                Business and Consumer Behaviour                               ✓
                                                Strategic Marketing                                           ✓
                                                Business Analysis and Process Consulting               ◆
                                                Corporate Governance                                                 ◆
                                                E-Commerce and the Law                                               ◆
                                                International Business Law and Institutions                          ◆
                                                Insolvency Law                                                       ◆
                                                The Law of International Organisations and                           ◆
                                                                                                     Mngt & Mngt & Mngt &
                                                Summer Term (April – September)               Mngt    Inn    Mktg   Law
                                                Research Methods                               ✓       ✓      ✓      ✓
                                                Dissertation                                   ✓       ✓      ✓      ✓
                                                Compulsory modules: ✓ Optional modules: ◆

Each programme is organised slightly        Students taking the MSc Management          Spring Term

                                                                                                                                     MSc Management | MSc Management and Innovation | MSc Management and Marketing | MSc/LL.M Management and Law
differently and consists of compulsory      and Innovation will study Innovation in
and optional modules to ensure that you     Practice I as a core module.                Core and optional modules availible
have a firm grounding in important                                                      across the four programmes include:
subjects.                                   Students taking the MSc Management
                                            and Law will choose one law option          New Venture Planning
                                            from: Corporate Governance; European        This module is designed to provide an
Autumn Term                                 and International Competition Law;          introduction to the process of preparing
                                            International Business Structures and       and launching an entrepreneurial venture
Core and optional modules availible         Regulation; Corporations in International   using experiential learning to explore the
across the four programmes include:         Business Law.                               essential elements, and the pitfalls of
                                                                                        new venture creation.
Learning to Manage                          Students taking the MSc Management
This module introduces students to          will choose two options from: Financial
management as a highly contested area       Management, Operations Management
of theory, involving competing              and Economics for Managers.
perspectives, approaches, interests and
stakeholders. It aims to help students
make sense of both the theory and
practice of management and develop
their capacity to manage the ambiguity
and complexity inherent in all managerial

This module requires groups to examine
a range of cases relating to the key
issues, problems and solutions in
marketing. It explores marketing in
different contexts such as consumer
marketing, services marketing, retail
marketing and international marketing.

Strategic Management
This module introduces students to the
field of strategic management. It aims to
help students understand the
relationship between industry structure
and the competitive dynamic in
international markets. It considers
alternative approaches for assessing
positional strategies and helps students
to understand the relationship of
organisational purpose, culture and long
term company survival.

     Accounting                                  Business and Consumer Behaviour            Summer Term
     This module provides an understanding       This module develops an understanding
                                                                                            In the summer term all four programmes
     of the nature and practice of accounting,   of the main factors that influence
                                                                                            follow the same path with students
     how it is used in running a business and    consumer and business behaviour and
                                                                                            taking research methods as a core
     how it is used to hold managers to          how consumers and businesses make
                                                                                            module and then completing a
     account for their actions. It will focus    their buying decisions. The module aims
     partly on measurement issues, and will      to bridge the gap between theory and
     also identify what accounting can and       practical application.                     Research Methods
     cannot do.
                                                 Strategic Marketing                        This module provides a bridge between
     Students taking the MSc Management                                                     the taught components of the
                                                 This module provides students with the
     also choose three options from:                                                        programme and the independent
                                                 opportunity to undertake marketing
     Environmental Issues for Managers;                                                     research required for the dissertation. It
                                                 decision making. The module provides a
     Business Ethics; Project Management;                                                   focuses on the philosophical and
                                                 stimulating environment in which to
     Leadership; Strategic Decision Making;                                                 practical issues involved in conducting
                                                 explore the central tasks of marketing
     Management of Organisational Change;                                                   research, and provides practical
                                                 management, whilst providing practical
     Negotiation Skills.                                                                    preparation for the methodology section
                                                 experience in producing a marketing
                                                                                            of the dissertation.
     Students taking the MSc Management
     and Marketing take the following core                                                  Dissertation
                                                 Students taking MSc Management and
     marketing modules in the Spring Term:       Innovation will study Innovation in        The most substantial individual piece of
                                                 Practice II as a core module.              work undertaken on the MSc
     Marketing Communications                                                               programme, this allows you to draw on
     This module provides an in-depth            Students taking the MSc Management         and demonstrate your understanding of
     knowledge of all types of marketing         and Law will choose one law option         principles and concepts introduced in
     communications – advertising, public        from: Corporate Governance;                earlier modules. It takes place over the
     relations, and sales promotions. It is      E-Commerce and the Law; International      final three months of the programme and
     intended to bridge the gap between          Business Law and Institutions;             can be completed by one of three routes:
     marketing communications’ theory and        Insolvency Law; The Law of International
     practice and in particular to develop       Organisations and Institutions.            n   A consultancy-style project for a
     students’ creative skills.                                                                 client company to investigate an
                                                                                                issue in depth and develop findings
                                                                                                and recommendations.

                                                                                            n   A business plan for a real or notional
                                                                                                company which builds on earlier
                                                                                                small-scale project work.

                                                                                            n   A desk-based research project which
                                                                                                may include empirical research and
                                                                                                is usually linked to current research
                                                                                                activity of a LUMS faculty member.

                                                                                            The route you follow will be determined
                                                                                            by the interests, skills and aptitudes you
                                                                                            have demonstrated in the earlier part of
                                                                                            the programme. You are assessed before
                                                                                            the start of the project period in June to
                                                                                            determine which type of assignment
                                                                                            would be feasible and which would best
                                                                                            suit your needs and abilities.

                         “Studying at LUMS has truly been a fantastic experience. Obtaining knowledge
                          about every area of management and working with people from different
                          cultures and backgrounds has provided me with the necessary skills to succeed.
                          Stefan Degreef | Inbev

 Learning approach                            Entry requirements                         MSc Management and Innovation

                                                                                                                                       MSc Management | MSc Management and Innovation | MSc Management and Marketing | MSc/LL.M Management and Law
                                                                                         This programme is designed for students
                                                                                         who have not previously studied
The programme typically involves a           Applicants will need at least an upper
                                                                                         business and management at an
mixture of teaching and learning styles.     second class honours degree or
                                                                                         undergraduate level, and who have
Formal lecture input is often interspersed   equivalent. If your first language is not
                                                                                         limited or no work experience.
with discussion, group exercises and         English, you will need to demonstrate a
                                                                                         Applicants with very limited studies in
case studies which allow you to engage       high level of ability in English normally
                                                                                         management may be considered.
with theories and concepts and reflect       via an IELTS or TOEFL test. Minimum
on their application in practice.                                 .0
                                             scores are IELTS 7 (with at least 6.0 in
                                             each element) or TOEFL 600 (250
There is a strong emphasis on                computer-based, 100 internet-based).
participation and many sessions will                                                      Bursaries
involve significant interaction between      MSc Management
the tutor and the class, with discussions    This programme is designed for students
taking place in small groups and in the                                                  A number of bursaries are available,
                                             who have not previously studied
full class. You therefore need to be                                                     allocated on a competitive basis. See
                                             business and management at an
prepared to be an active member of the                                                   also page 15 for general financial
                                             undergraduate level, and who have
class exchanging and debating ideas                                                      awards.
                                             limited or no work experience.
with others.                                 Applicants with very limited studies in
                                             management may be considered.
Module assessment is also varied and
may include a mixture of some of the         MSc Management and Marketing
following methods: formal examination,
                                             This programme is designed for students
coursework essays, group-based reports
                                             who have not previously studied business
and presentations, business plans, case
                                             and management at an undergraduate
study analysis and individual critique.
                                             level, and who have limited or no work
There are examinations for the core
                                             experience. Applicants with very limited
modules and these normally take place
                                             studies in management may be
in the last week of the Christmas and
                                             considered. It is designed for students
Easter vacations. The Academic Study
                                             who would like to specialise in marketing
Skills support course includes
                                             but have insufficient marketing
workshops to help students develop
                                             experience to undertake the MSc in
their exam technique.
                                             Advanced Marketing Management.

                                             MSc Management and Law
                                             This programme is designed for
                                             applicants who have studied law at an
                                             undergraduate level and who are
                                             interested in specialising in management,
                                                                                            Further Information
                                             and for applicants from any non-
                                             management degree discipline who are           management
                                             interested in both management and law.
                                                                                            If you have any queries about any aspect
                                                                                            of the programme, please contact:
                                                                                            Stacey Read
                                                                                            Admissions Assistant
                                                                                            T: +44 (0)1524 510736
                                                                                            F:+44 (0)1524 510739

     MSc Money, Banking and Finance

                                                 The MSc in Money, Banking and Finance (MBF) is designed to
                                                 equip students with the necessary tools to pursue a career in
                                                 the banking and financial services sectors as well as in higher
                                                 education. The professional training as part of the programme
                                                 has allowed graduates to work as economists in Central Banks,
                                                 as financial analysts in financial institutions and to undertake
                                                 doctoral research.

       Key Facts                                 The programme provides comprehensive           Students are drawn from a variety of
                                                 coverage of economic theory, advanced          backgrounds but must have a good
       Duration:                                 quantitative methods – with analysis of        knowledge of economics and statistics.
       12 months, full-time                      financial markets – and discussion of the      The total number of students admitted
       Starts:                                   institutional framework of the money           to the programme each year averages
       October                                   and banking sectors. The programme is          25. This enables the Department to
       Designed for:                             delivered by a mix of highly-experienced       maximise the benefits of relatively small
       Highly numerate graduates seeking         and prominent academics as well as             group teaching and ensure a high level of
       careers in the banking and financial      professionals. This allows the programme       staff-student interaction.
       sectors, corporate finance and
                                                 to adapt its content to a changing
       research institutions
                                                 environment and keep it at the cutting
                                                 edge of various disciplines taught in
       20-25 students
       Based in:
                                                 the MSc.                                        Programme content
       Department of Economics
                                                 The programme is based in the Department
       Entry requirements:                       of Economics but is taught jointly with
       An upper second class honours degree                                                     The programme is made up of a total of
                                                 the Department of Accounting and Finance.
       or equivalent in Economics, Finance or                                                   nine modules: six core modules, two
                                                 The first two terms are devoted to
       related subject; IELTS 7 (with at least
                               .0                                                               optional modules and a dissertation. The
       6.0 in each element) or TOEFL 600 (250    taught modules to provide a strong
                                                                                                optional modules allow you to follow
       computer based, 100 internet based) if    grounding in key areas of theory and
                                                                                                specialist interests in Economics,
       first language is not English             practice. In the third term, and over the
                                                                                                Banking or Finance.
       Work experience:                          summer months, students complete a
       Welcomed but not essential                research project. Each student is              The dissertation makes up 33% of the
       Fees (2010/11):                           assigned a supervisor on the basis of          overall MSc mark.
       £10,000 UK/EU students;                   their expertise on the topic selected. The
       £16,500 Overseas
                                                 dissertation allows students to analyse a
       MRes variant:                             research theme in depth and apply the
       ✓ see page 109
                                                 theoretical and statistical skills developed
                                                 in the taught component of the programme.

                          “The programme is quite intensive, but it is structured in a way which really helps
                           you develop your learning. My dissertation is focusing on an aspect of my work in
                           Taiwan, so what I am learning at Lancaster will be extremely valuable when I return
                           to my banking career.”
                           Rowena Huang | Central Bank of Taiwan

Autumn Term                                    Applied Econometrics                              Spring Term
                                               This module is designed to enable students
All students take four core modules:                                                             Students take a further two core modules,
                                               to acquire skills in using standard statistical
                                                                                                 plus two optional modules, with either
Financial Markets                              packages. It allows them to study the
                                                                                                 an economics or a finance focus.
                                               principles of constructing econometric and
This module provides students with the
                                               non-econometric models through an                 All students take the following two
necessary theoretical and technical skills
                                               understanding of multiple regression              core modules:
to value and use various financial
                                               techniques and diagnostics. The course
instruments such as forward contracts,
                                               provides an understanding of the process          International Banking and Risk
futures options and swaps.
                                               of quantitative research enquiry.                 Management
Foundations of Finance                                                                           This module examines the role of major
                                               Topics in Economics
This module covers investment appraisal                                                          financial intermediaries in internationally
                                               Focusing on theoretical and analytical            open economies. It deals with
techniques, stock and bond valuation,
                                               techniques in microeconomics and                  fundamental concepts of intermediation
portfolio theory, capital structure, project
                                               macroeconomics, this module is a                  in market economies, along with the
evaluation and corporate strategy.
                                               foundation for more advanced and                  importance of capital, leverage, systemic
                                               specialist material in subsequent modules.        risk and moral hazard. It then considers
                                                                                                 the issue of risk – how this manifests

                                                                                                                                               MSc Money, Banking and Finance
                                               The microeconomic element of the module
                                                                                                 itself, how it can be managed and the
                                               provides an understanding of the
                                                                                                 causes of bank failure. It also looks at a
                                               determinants of strategic choice by firms,
                                                                                                 number of regulatory issues: why and
                                               combining traditional approaches with
                                                                                                 how regulation takes place.
                                               contemporary developments in the study
                                               of industrial organisations (competitive          Economics for Money,
                                               behaviour, the importance of the                  Banking and Finance
                                               game-theoretic approach to a range of
                                                                                                 The first part of this module looks at the
                                               strategic topics and issues in the
                                                                                                 advanced microeconomic theory of
                                               economics of information).
                                                                                                 banking, including topics such as
                                               The macroeconomic element provides                competition in banking, risk analysis and
                                               an understanding of the behaviour of the          credit market imperfections. The second
                                               economy and highlights the key                    part focuses on the macroeconomics of
                                               macroeconomic policy issues that face             money and banking, including policy
                                               economic agents. This includes critical           debates about monetary and fiscal
                                               discussion of the policy debates in various       stabilisation, the critique of policy
                                               areas, including monetary stabilisation,          formulation, time inconsistency and the
                                               portfolio theory, asset markets and the           rationale for an independent central bank.
                                               rationale for central bank independence.

     Students also choose two modules               Islamic Banking                               Programme structure
                                                    This module provides a brief introduction
     Advanced Corporate Finance                     to the area of Islamic banking. It            Autumn Term
     This module extends the valuation of           develops an understanding of how              (October – December)
     corporate assets and liabilities to cases      Islamic banks operate and define
     in which they contain embedded                 underlying products. Students study the
                                                                                                  Core modules:
     options. Issues addressed include the          theoretical foundation for Islamic products
     valuation of convertible securities, capital   with emphasis on concepts such as risk        n Topics in Economics
     structure, mergers and acquisitions,           sharing and estimating the time value of
                                                                                                  n Applied Econometrics
     and the real options approach to               money in the absence of interest rates.
     investment appraisal.                          The module also develops the necessary        n Financial Markets
                                                    tools for carrying out applied analysis in    n Foundations of Finance
     Advanced Investment Management                 the area.
     This module focuses on modern portfolio
                                                    The optional modules may vary according       Spring Term
     strategies of analysis and the returns
                                                    to the availability of teaching staff and     (January – April)
     from factor models.
                                                    the demand for the modules.
     Financial Econometrics                                                                       Core modules:
     This module examines the statistical
                                                                                                  n International Banking and
     techniques employed in financial time
                                                                                                    Risk Management
                                                                                                  n Economics for Money, Banking
     Financial Statement Analysis                                                                   and Finance
     This module familiarises students with
                                                                                                  Two options, chosen from:
     techniques for evaluating corporate
     performance and valuing businesses on                                                        n Advanced Corporate Finance
     the basis of financial statement
                                                                                                  n Advanced Investment Management
     information. Topics covered include
     financial ratios, financial distress and the                                                 n Financial Econometrics
     theory and practice of accounting-based                                                      n Financial Statement Analysis
     valuation of businesses.                                                                     n International Money and Finance

     International Money and Finance                                                              n Islamic Banking

     This module explains the nature and
     relevance of derivative instruments for                                                      Summer Term
     hedging purposes in the currencies                                                           (May – September)
     market, and focuses on the international
     analysis of risk through the extension of                                                    n Dissertation
     basic interest relationships, including
     futures rates, swaps and investment
     returns. The focus is on approaches to
     measuring contractual and operational
     exposure and on understanding the
     relevance of financial information for the
     development of exchange rate risk

                           “The modules and the projects of the MSc, both team and individual, were very well
                            structured and really enhanced my knowledge. In the group projects I met
                            students from many different countries and we had a really good time.”
                            Vasilis Pappas | PhD at Lancaster

Summer Term                                      Entry requirements                            Bursaries
The dissertation is a substantial piece of      Applicants will need an upper second          A number of bursaries are available,
independent work where you can apply            class honours degree or equivalent in         allocated on a competitive basis. See also
research techniques and relevant                economics, accounting or a related subject.   page 15 for general financial awards.
economic theory to a research topic. This
can be an area which has attracted your         If your first language is not English, you
attention in the course of your studies,        will need to provide evidence of your
or may be linked to an aspect of your           English language ability, normally via an        Further Information
professional working experience. You            IELTS or TOEFL score. Minimum scores
                                                are IELTS 7 (with at least 6.0 in each
choose your topic, during the second
term, in consultation with the MSc              element) or TOEFL 600 (250 computer-             If you have queries about any aspect
                                                based, 100 internet-based).                      of the programme, please contact:
Director. You are then assigned to an
appropriate member of teaching staff                                                             Stacey Read
                                                Overseas applicants may be required to           Admissions Assistant
who acts as a supervisor and gives you
                                                take GMAT but you will be advised of             T: +44 (0)1524 510736
guidance on the structure and content of
                                                this by the admissions team.                     F: +44 (0)1524 510739
the research.                                                                                    E:

                                                                                                                                           MSc Money, Banking and Finance
In preparation for this piece of work, the
first part of the summer term provides
additional training in research techniques
and analytical tools that you will need for
your dissertation.

 Learning approach

There is considerable variety in the teaching
methods used on the programme. These
include lectures and discussion sessions,
groupwork, case studies, presentations
and workshops on the use of statistical
packages. The style of teaching is often
highly interactive, so you will be expected
to contribute actively to class discussion
and to engage in groupwork with students
from many different backgrounds. As
some of the modules are shared with
other Management School programmes
such as, Accounting and Financial
Management, you will also have an
opportunity to work with Masters
students from a range
of programmes.

     MSc OR and Management Science
     MSc Logistics and Supply Chain Management
     MSc Management Science and Marketing Analytics

                                                The MSc programmes in Management Science are ideal for you
                                                if you wish to work in decision support, business analytics,
                                                marketing analysis, logistics, supply chain, industrial engineering,
                                                operational research and management science. The employment
                                                record of graduates is excellent and they are in demand from
                                                business and the public sector for their analytical skills. There is
                                                also an active international alumni network based on our 40
                                                years experience.

                                                 What will you study?                           Project based learning
       Key Facts
       Duration:                                The MSc programmes are flexible and, as        The MSc projects are an essential part
       12 months, full-time                     well as compulsory core modules, you           of the learning on each of the MSc
       Starts:                                  choose subjects of special interest. We        programmes and give you a chance to
       October                                  prepare you to use your analytical skills in   use the analytical methods and professional
       Designed for:                            decision support and planning. In today’s      skills developed on the taught modules.
       Numerate graduates wishing to enter      fast moving world, customers and citizens      Completion of a project will be an asset
       the OR profession
                                                expect high-quality services and products      on your CV and some students go on to
       Intake:                                  that are appropriate to their needs;           work for the organisation that sponsors
       55 students
                                                therefore organisations must think through     their project. Recent projects include:
       Based in:                                their decisions before acting. You will
       Department of Management Science         study methods of proven value for              n   The effect of service quality on
       Entry requirements:                      intelligent decision support and planning.         customer retention: BT Retail
       At least upper second class honours
       degree in a quantitative subject or      You spend the final four months working        n   Forecasting minute by minute TV
       equivalent; IELTS 7 (with at least 6.0                                                      audience size: ITV plc
                                                on a practical project usually with a
       in each element) or TOEFL 600 (250
       computer based, 100 internet based)      business or public organisation on an
                                                                                               n   Modelling salmonella transmission
       if first language is not English         issue of importance. This gives you the
                                                                                                   in the UK egg supply:
       Work experience:                         chance to gain valuable experience with
                                                                                                   Food Standards Agency
       Not essential                            an organisation and to put your ideas
       Fees (2010/11):                          into practice.                                 n   Estimating forecast errors to
       £8,000 UK/EU;                                                                               improve stock & service levels:
       £12,500 Overseas
       MRes variant:
       ✓ see page 105                                                                          n   Forecasting fresh produce sales
                                                                                                   using weather and promotional
                                                                                                   information: Tesco

                                                                                               n   Simulating operating policies for a
                                                                                                   NHS Walk-in Centre: Liverpool PCT

                           “My summer project held in Barclaycard supplied me with precious experience
                            and gave me the great opportunity to start my career working as an analyst in
                            such an outstanding company.”
                            Melpomeni Gkofa

                                                                                                                                              MSc OR and Management Science | MSc Logistics and Supply Chain Management | MSc Management Science and Marketing Analytics
n   Supply chain simulation modelling:           Of a total of 180 credits 50 are provided     Spreadsheet Modelling
    Unilever Corporate Research                  by the compulsory core modules, taken         This module introduces Microsoft Excel
                                                 by all students, in Phase I. A further 60     and the basics of constructing decision
n   Updating credit scoring algorithms:          come from the Summer project in Phase         support models. The module also provides
    Littlewoods Home Shopping                    III. The remaining 70 credits come from       students with a grounding in simulation
                                                 the modules you take in Phase II.             modelling and theory via VBA
n   Improving the performance of
    operational control rooms:
                                                                                               Introductory Statistics
    Greater Manchester Police                    Phase I                                       This module seeks to develop students’
                                                 Four introductory modules provide a           abilities to describe, analyse and interpret
                                                 basic introduction in the areas of: problem   data soundly, making effective use of
                                                                                               computer software. Main areas covered
 Careers                                         solving, consultancy, spreadsheet
                                                 modelling, statistics and operations          include: probability theory, sampling and
                                                 management.                                   sampling methods, statistical inference,
                                                                                               time series analysis and exponential
Management science, operational research,
                                                 The core modules for students on all          smoothing, statistical modelling and use
logistics and marketing analysis are seen
                                                 three programmes are as follows:              of statistical software.
by leading companies as the start of a
fast track to promotion for high flyers
                                                 Problem Solving and Consulting Skills         Introductions to Logistics and
with a numerate or scientific background.
                                                 This module develops practical skills         Supply Chain Management,
                                                 useful in project work in later OR and        Marketing Analytics and OR
Many former students now hold senior
positions in their organisation – as             management science practice. Areas            This module introduces students to the
management scientists or as managers.            covered include: making presentations,        main concepts of the three MSc variants
Experience shows that a good postgraduate        interviewing skills, client management        offered by the Management Science
qualification leads, not only to a better        and                                           Department. Students will be shown the
starting job, but also to quicker promotion.     project management.                           links between logistics, supply chain and
                                                                                               marketing analytics and learn to apply
Companies visit the department to make                                                         key operational research techniques for
presentations and interview students as                                                        problem solving in both areas.
part of their selection process. Recent
employers include AEAT Rail, Barclaycard,
British Airways, Cap Gemini, Dstl,
GE Money, London Underground, Tesco,
UK Civil Service and Waitrose.

 Programme Content

Each MSc programme is organised into
three phases and consists of compulsory
and optional modules to ensure that you
have a firm grounding in important subjects.
The programmes offer considerable
flexibility for tailoring your studies to your
own particular interests and background.

                               “I have no doubt that without doing my MSc I would not be where I am today.
                                The multinational blend of students provides an opportunity to interact with
                                people from all walks of life”
                                Lloyd Dobson | Defence Science and Technology Laboratories

     Phase II                                      E-Marketing                                 International Marketing
                                                   This module provides an integrated and      This module focuses upon the extent to
     The details of the programmes can be
                                                   critical overview of key concepts and       which existing marketing approaches
     found in the table on page 96; listed
                                                   techniques associated with ‘marketing       and strategies should be adapted when
     below are details of the modules available.
                                                   and consumer behaviour online’. In this     firms operate in international markets.
     Computer Simulation                           module we put emphasis on the fact          Topics covered include: culture and
                                                   that an online environment marketing        marketing; marketing adaptation and
     The main focus of this module is discrete
                                                   strategy is, or is becoming, increasingly   standardisation strategies, competitive
     event simulation, with some coverage of
                                                   critical for most organisations. However,   advantage and mode of entry.
     system dynamics. These are two techniques
                                                   the integration of marketing within the
     that are frequently used in management                                                    Logistics
                                                   e-business technological platform and
     science. Students will develop the skills
                                                   interface tends not to be given enough      This module introduces students to the
     to produce useful simulation models and
                                                   attention in organisations.                 main aspects of logistics. Areas covered
     will conduct a small simulation project.
                                                                                               include: facility location, warehousing,
                                                   Forecasting                                 inventory control, transportation, supply
     Credit Scoring
                                                   This module introduces time series and      chain management.
     This module reviews the techniques used
                                                   causal forecasting methods so that
     in credit scoring to evaluate whether
                                                   students can prepare methodologically
     customers should or should not be granted
                                                   competent, understandable and
     credit. It examines how the discipline has
                                                   concisely presented reports for clients.
     evolved and covers credit scoring and
     credit risk management, definitions of
     “good” and “bad” customers, statistical
     and non-statistical techniques in credit
     scoring, and behavioural scoring.

                                                                                                                                       MSc OR and Management Science | MSc Logistics and Supply Chain Management | MSc Management Science and Marketing Analytics
Manufacturing Management                     Problem Structuring                          Software Support for Logistics and
This module discusses principles for good    Students develop their abilities in          Supply Chain Management
practice and introduces management           pre-analysis or problem structuring and      This module introduces students to
tools and philosophies that can be           in different approaches to decision          modern IT practices in support of
applied at each level of manufacturing       making. Three key approaches are             logistics and supply chain management.
planning. It covers key topics such as       covered: soft systems methodology            The module will demonstrate to
materials requirement planning (MRP),        (SSM), cognitive mapping and the             students the principles and theory of
lean production and theory of constraints    ‘Strategic Choice Approach’.                 good design of stored data and
(TOC), and includes a basic introduction                                                  integrated information systems support
to inventory control.                        Public Sector Analysis                       and provides exposure to modern
                                             This module provides an introduction to      implementations.
Marketing Analysis and Modelling             the use of management science
This module designed to enable students      approaches in public sector organisations    Stochastic Modelling
to understand how markets function and       in areas such as health, social services     This module considers a number of OR
to develop their skills in empirical         and education. It seeks to develop           techniques devised in the main to tackle
marketing modelling. Areas covered           students’ understanding of how the           problems in which it is important to
include: market research techniques,         public sector compares with and differs      model the effects of stochastic
retailing and industrial marketing.          from, other application areas – and to       influences. The aim will be to enable
                                             this end draws on examples and case          students to understand the potential and
Marketing Research Methods                   studies of methods and approaches            limitations of each technique, and the
Students will be introduced to marketing     which have been found to work well.          steps likely to be involved in using them.
and business research methods and will                                                    Techniques covered include: Markov
study how they are used to support           Revenue Management                           chains; Markov processes; stochastic
decisions in organisations. This module      Students learn to identify and exploit       simulation; queuing models;
provides students with “transferable”        opportunities for revenue optimisation in    replacement, inspection and
market research skills, such as data         different business contexts. Areas           maintenance models; and risk analysis.
collection techniques and modelling.         covered include: the tactical optimisation
                                             of pricing and capacity and allocation       Strategic Supply Chain Management
Multivariate Statistics for Data Mining      decisions using both quantitative models     This module enables students to
This module introduces students to data      of consumer behaviour and the tools of       understand and critically evaluate the
exploration and data reduction methods.      constrained optimisation                     principles of supply chain management
The methods adopted aim to simplify          – two main building blocks of revenue        and to understand how a supply network
and add insights to large, complex data      optimisation systems.                        should be organised and effectively
sets, whilst providing methods of                                                         managed. It will take into account supply
classification and clustering. The module    SAS for Data Analysis and Modelling          strategy, inter-organisational
extends the statistical model building       This module gives students the               relationships and logistics issues, and is
concepts available to students.              experience of using an advanced and          applicable to a wide variety of sectors,
                                             very versatile database and statistical      including service applications.
Optimisation and Heuristics                  programming language. More specifically,
This module enables students to apply        students will learn how to use SAS for
optimisation techniques to business          data fusion, analysis and modelling.
problems by building on the introduction
to linear programming in Phase I. Students
will be introduced to different problem
formulations and algorithmic methods to
guide decision making in business and
other organisations.

     Programme structure

     Phase I (October – December)              OR & MS   L & SCM   MS & MA

     Introductory statistics                      ✓         ✓        ✓
     Introduction to SCM, MA & OR                 ✓         ✓        ✓
     Problem solving & consulting skills          ✓         ✓        ✓
     Spreadsheet modelling                        ✓         ✓        ✓
     Phase II (January – March)                OR & MS   L & SCM   MS & MA

     Computer simulation                          ✓         ◆
     Credit scoring                               ◆                  ✓
     E-Marketing                                                     ◆
     Forecasting                                  ✓         ◆        ✓
     International marketing                                         ◆
     Logistics                                    ◆         ✓
     Manufacturing management                     ◆         ✓
     Marketing analysis & modelling               ◆                  ✓
     Marketing research methods                                      ✓
     Multivariate statistics for data mining      ◆                  ✓
     Optimisation & heueristics                   ✓         ◆
     Problem structuring                          ✓         ◆        ◆
     Public sector analysis                       ◆         ◆
     Revenue Management                           ◆         ◆        ◆
     SAS for data analysis & modelling           ◆                   ✓
     Software support for logistics & SCM        ◆          ✓        ◆
     Stochastic modelling                         ✓         ◆
     Strategic supply chain management                      ✓        ◆
     Phase III                                 OR & MS   L & SCM   MS & MA

     Project & Dissertation                       ✓         ✓        ✓

     Compulsory modules: ✓ Optional modules: ◆

                         “The programme organisers take seriously the task of preparing you for work in
                          operational research, and modules such as Consultancy Skills help students to
                          develop a professional attitude.
                          Laura Duncan | Hartley McMaster Ltd

                                                                                                                                 MSc OR and Management Science | MSc Logistics and Supply Chain Management | MSc Management Science and Marketing Analytics
Phase III                                     Entry Requirements
Students carry out projects for              Applicants are normally required to have
organisations in the private and public      at least an upper second class honours
sectors, with careful supervision from       degree or equivalent in a quantitative
academic staff. They take place over four    subject, such as mathematics, statistics,
months in the summer and usually take        physics, engineering or management
the form of a consultancy-style project,     science. Those from other disciplines
either directly for senior management or     who can show evidence of quantitative
in co-operation with in-house operational    problem solving skills are encouraged to
researchers/management scientists.           apply.
Project experiences span problem
recognition, structuring and formulation,    If your first language is not English, you
analysis of available data, model building   will need to provide evidence of your
and communicating results via                English language ability, normally via an
presentations and report writing. The                          .0
                                             IELTS score of 7 (with at least 6.0 in
realities of these activities come into      each element) or 600 TOEFL (250
sharp focus during the project period,       computer-based, 100 internet-based).
which regularly provides students with
the final ‘qualification’ needed for
employment. Page 92 lists examples of
recent projects.                              Bursaries

                                             The Robinson Bursary is available for an
                                             OR and MS student from a developing
 Learning Approach
                                             country. It is valued at up to £5,000 and
                                             allocated on a competitive basis. See
Innovative teaching methods are used         page 15 for more general financial
with individual or group exercises, case     awards.
studies and management games all
playing a part alongside more traditional
lectures and problem classes.

The methods of assessment used
recognise that in the real world books
can be consulted and time deadlines                                                       Further Information
met by longer working. Continuous
assessment and open book
examinations are therefore used to test
                                                                                          If you have any queries about any of
your ability to understand and apply
                                                                                          the programmes please contact:
learning, rather than your ability to
                                                                                          Sarah Purcell
memorise formulae or techniques.
                                                                                          Department of Management Science
Projects are assessed in terms of project
performance, a client report and a more                                                   T: +44 (0)1524 593840
                                                                                          F: +44 (0)1524 592060
academic reflection on the project.                                                       E: managementsciencemsc@

     MSc Project Management

                                                 The MSc in Project Management has been designed specifically
                                                 as a conversion programme for graduates seeking to focus their
                                                 vocational interest in project management, and wishing to
                                                 develop their career in this increasingly important field of
                                                 management. The core of the programme provides a thorough
                                                 grounding in strategic thinking, project definition, planning and
                                                 control, applied project management, behavioural aspects of
                                                 project management and managing organisational change.

       Key Facts                                 In line with the demands of project             Programme content
                                                 management roles, the programme will
       Duration:                                 help you to acquire or enhance key skills
       12 months, full-time                      in identifying appropriate projects and        The programme is made up of 12 taught
       Starts:                                   defining their content and success criteria,   modules, an integrative case study exam,
       October                                   producing robust project plans, and            and a dissertation. The dissertation
       Designed for:                             monitoring and controlling project delivery.   accounts for 35% of the final MSc mark.
       Graduates of any discipline seeking a     In addition, it will develop your IT
       career in project management              competence, including the use of project       The structure of the programme over the
       Intake:                                   management software, and enhance               year represents a growing and evolving
       25-35 students                            your ability to define and solve complex       awareness of project management. The
       Based in:                                 problems. You will also acquire important      first term concentrates on the fundamental
       Department of Management Science          skills in interpreting financial statements    principles and foundations whilst the
       Entry requirements:                       and producing financial reports.               second term explores the contexts and
       At least upper second class honours                                                      realities. This journey concludes in the
       degree or equivalent; IELTS 7 (with at    Students are drawn from a broad                third term, which explores the transition
       least 6.0 in each element) or TOEFL                                                      of theory back into the ‘real world’.
                                                 cross-section of academic backgrounds.
       600 (250 computer based, 100 internet
       based) if first language is not English   The strength of this diversity is that it
                                                 enables the theory and practice of project
       Work experience:
       Welcomed but not essential
                                                 management to be explored in a generic
                                                 and dynamic manner – ensuring that the
       Fees (2010/11):
       £8,000 UK/EU;
                                                 key principles of project management
       £12.500 Overseas                          are as applicable in a marketing or
                                                 service-led organisation as they are in an
                                                 engineering or manufacturing organisation.
                                                 Thus graduates from the programme
                                                 can move into project management roles
                                                 in a wide range of organisations.

                             “I’ve learnt how to be more structured in my thinking. The course has given me
                              frameworks and the ability to plan. And I’m learning about risk management
                              through my project for HSBC. ”
                              Erika Farrugia

Autumn Term                                       Negotiation and                                Development in Project Management
                                                  Management Simulation                          This module explores cutting edge
In the Fundamentals and Foundations
                                                  This module allows practice and application    research and methodologies for project
part of the programme, you take the
                                                  of project management, behavioural and         management. It typically focuses on the
following core modules:
                                                  numerical skills in an integrative manner      following key processes: project definition
Principles of Project Management (Part I)         to a simulated management exercise.            and how stakeholders can be involved in
                                                                                                 the project, how estimated timescales
Spans both the Autumn and Spring
                                                                                                 can be developed into the project plan,
Terms and aims to allow students to               Spring Term                                    how progress and performance can be
engage with key areas of project
                                                                                                 measured, and how to develop a critical
management. The workshop themes                   The Contexts and Realities section of the
                                                                                                 understanding of improving working practice.
include: project selection, project definition,   programme contains a further five core
project planning, project organisation,           modules, and offers a choice of specialist     Strategy and Change Management
project monitoring and control and                topics in the Project Management
                                                                                                 This module prompts students to think
project close-out.                                Electives module.
                                                                                                 strategically about the projects they
Behavioural Aspects of Project                    Financial Management of Projects               encounter in their working lives. Key
Management                                                                                       concepts include the strategic importance
                                                  Starting at macro-level, this module covers
                                                                                                 of projects to the organisation and their
This module considers human and                   the role of finance within business, cost
                                                                                                 strategic fit and how different stakeholder
behavioural aspects of undertaking                behaviour and the relationship between

                                                                                                                                                MSc Project Management
                                                                                                 groups view the project differently and
change initiatives. It explores in a practical    projects and the wider financial
                                                                                                 to what effect.
sense the project management                      environment. It then looks in detail at the
environment. It looks at issues of job            financial lifecycle of project management:     Students work collaboratively with their
satisfaction and work performance,                from the creation and evaluation of project    peers, tutors and guest speakers to explore
group processes and creativity,                   business cases through the detailed            some of the realities of change
management control, power and the                 estimating and budgetary processes to          management. Among issues considered
nature of conflict within                         financial close-out.                           are the impact of change on organisations
project work.                                                                                    and individuals, strategies for managing
                                                  Principles of Project Management (Part II)
                                                                                                 change, strengths and weaknesses of
Problem Solving and Consultancy Skills            This module aims to give an entry-level        planned and emergent change and the
This module provides early support for            practitioner awareness of the features,        role of management and leadership
postgraduate study and develops core              functionality and challenges of project        within a changing environment.
abilities needed by the professional              management software such as Microsoft
project manager. Particularly, it helps to        Project. As well as providing extensive        Project Management Electives
develop study and organising skills that          hands-on time for students to develop          This module aims to develop students’
will be vital throughout the programme and        their practical skills, it will also include   knowledge of project management through
in future careers. In addition, the module        significant discussion of the impact of IT     their networking with experienced
demonstrates personal presentation and            on the project management process.             project managers and their active
development to professional standards.                                                           engagement in a range of specialist
                                                                                                 topics. Students choose two sessions,
Quantitative Methods
                                                                                                 from a choice of up to six. The topics vary
In order to work with the numerical                                                              from year to year, but have included areas
aspects of projects, the effective project                                                       such as e-business, problem structuring
manager needs to develop quantitative                                                            techniques, critical chain, leadership and
modelling and computing skills. This module                                                      soft systems methodology (SSM).
will investigate quantitative modelling,
statistical concepts and scheduling
techniques in a practical manner.

                                  “It’s such a practical course. You’re doing real project work all the time, and you
                                   get to apply all the tools and techniques you’ve learnt during the client project
                                   over the summer.   ”
                                   Dimitris Litsikakis

      Summer Term                                       Research Skills                               You have a choice of two routes for the
                                                        This module aims to lay the groundwork        dissertation:
      Case Study Exam
                                                        for successful research both within the
      This module aims to integrate the various                                                       n   an action learning route, in which
                                                        academic environment and also within
      aspects of project management covered                                                               small groups of students engage in a
                                                        the students’ ongoing professional
      in the first two terms. It involves a                                                               specific project for a real client
                                                        environment(s). It covers significant
      specific complex problem situation which          approaches to qualitative and quantitative    n   a research project, where you conduct
      students must tackle in a way which               research, and also report writing for             in-depth research into an issue of
      brings together techniques and concepts           academic and business audiences.                  individual or organisational importance
      learnt in previous modules.
      Applied Project Management
                                                        The dissertation is the culmination of the
      This module provides hands-on engagement          year’s exploration of project management.
      in a ‘real project’ – either via a live project   It seeks to integrate the various streams
      undertaken for a client or via simulation         of taught knowledge, action learning and
      of a complex project undertaken in                reflective practice into a structured piece
      industry over the previous year.                  of academic research and writing.

Programme structure                   Learning approach

Autumn Term                          The emphasis of the programme is on
(October – December)                 integrating theory and practice. Alongside
                                     a mix of formal lectures, workshops,
                                     seminars, case studies and project work,
Fundamentals and Foundations:
                                     site visits and input from practitioners
n Principles of Project              are used to give real practical insights
  Management (Part I)                into the complexities of project
                                     management. The programme involves a
n Problem Solving and
                                     significant element of groupwork, and
  Consultancy Skills
                                     you will gain valuable experience of
n Quantitative Methods               working in multinational teams.
n Negotiation and Management         Assessment methods vary according to
  Simulation                         the nature of particular modules, but will
n Behavioural Aspects of Project     typically include a mix of methods:
  Management                         formal examinations, individual coursework
                                     essays, group reports, case study analysis,
                                     group presentations and individual critique.

                                                                                                                              MSc Project Management
Spring Term
(January - March)

Contexts and Realities:               Entry requirements
n Principles of Project
  Management (Part II)               Applicants will need at least an upper
n Developments in Project            second class honours degree or
  Management                         equivalent in any discipline.
n Strategy and Change
                                     If your first language is not English, you
                                     will also need to show evidence of your
n Financial Management of Projects   English language ability normally via an
n Two Project Management             IELTS or TOEFL score. Minimum scores
  electives, chosen from up to six                .0
                                     are IELTS 7 (with at least 6.0 in each
                                     element) TOEFL 600 (250 computer-
                                     based, 100 internet-based).
Summer Term
(April - September)
                                                                                    Further Information
Theory into Practice:                 Bursaries                           
n Integrative case study exam                                                       If you have queries about any aspect of
                                                                                    the programme, please contact:
n Applied Project Management         A number of bursaries are available and
                                                                                    Sarah Purcell
n Research Skills                    are allocated on a competitive basis. For
                                                                                    Programme Co-ordinator
n Dissertation                       details of general financial awards, see
                                     page 15.                                       T: +44 (0)1524 593840
                                                                                    F: +44 (0)1524 592060
                                                                                    E: managementsciencemsc@

      MSc in Quantitative Finance

                                                 The MSc in Quantitative Finance is designed to enable students
                                                 to acquire, enhance and apply advanced analytical, problem-
                                                 solving and technical skills to the analysis of risk and return in a
                                                 range of financial institutions and specialist Departments in
                                                 large corporations. The programme provides graduates with the
                                                 necessary skills and relevant knowledge and understanding to
                                                 pursue a career in banking and finance.

                                                 The MSc in Quantitative Finance allows
        Key Facts                                students to acquire knowledge of
                                                                                                 Programme content
                                                 problems and issues in the banking and
                                                 finance sectors and to develop a number
        12 months, full-time                                                                    The MSc programme is made up of
                                                 of transferable skills. These skills include
        Starts:                                                                                 eight core modules, three optional
                                                 using computer based sources of
        October                                                                                 modules and culminates in a
                                                 financial information, and applying this
        Designed for:                                                                           dissertation.
                                                 information in various contexts such as:
        Graduates with a numerate background
        interested in accounting and             data analysis and forecasting; computer
        financial careers                        programming; using statistical and             Autumn Term
        Intake:                                  econometrics software and financial
        25 students                              analysis.                                      All students take five core modules:
        Entry requirements:
        At least upper second class honours
                                                 The programme is taught jointly by the         Financial Stochastic Processes
        degree or equivalent in a numerate       Economics, Accounting and Finance and          Due to their inherent randomness, it is
        subject; IELTS 7 (with at least 6.0 in
                         .0                      Management Science Departments                 natural to model financial and economic
        each element) or TOEFL 600 (100          within the Management School and the
        internet-based, 250 computer based) if
                                                                                                systems using probability models and
                                                 Maths and Statistics Department within         stochastic processes. Analysis of
        first language is not English
                                                 the Faculty of Science and Technology.         appropriate stochastic models has
        Work experience:
        Welcome but not essential                                                               become extremely important in recent
                                                                                                years, such as for accurately pricing
        Fees (2010/11):
        £10,000 UK/EU;                                                                          options. This module gives a thorough
        £16,500 Overseas                                                                        introduction to stochastic processes in
                                                                                                general and their use in modelling in
                                                                                                business, finance and economic
                                                                                                applications. Students will gain
                                                                                                understanding about how both
                                                                                                simulation and mathematical techniques
                                                                                                can be used to learn about
                                                                                                stochastic processes.

                          “I had a great year in Lancaster and I am very happy with my decision. I spent the
                           year in a very friendly but also quite challenging environment. There was a truly
                           international atmosphere among students in my class as we came from different
                           countries around the world.  ”
                           Agnieszka Tokarska | Ernst & Young, Ireland

Statistical Methods for Financial and        Spring Term                                    have to extrapolate based on the past
Economic Applications                                                                       frequency of the occurrence of less
There are substantial amounts of data        All students take three core modules:          extreme events. This module covers
collected relating to business, financial                                                   ideas from Extreme Value Theory, which
                                             Optimisation with Financial Applications       give a sound mathematical basis to such
or economic applications. Examples
include data on stock returns and survey     Optimisation methods provide a                 extrapolation, and shows practically how
data used for credit-scoring. This module    powerful modelling toolkit with efficient      it can be used to give accurate
will cover how such data can be              algorithmic solution procedures for            assessments of financial risk in a wide
modelled, how inferences about the           financial applications such as the             range of scenarios. Reducing the risk of
models can be made and how statistical       mean-variance optimisation problems of         a share portfolio may be possible
models can be used for predicting future     Markowitz for efficient portfolio              through choosing shares from
outcomes and behaviour.                      selection. This module aims to provide a       companies in a wide range of sectors.
                                             foundation in key optimisation methods         This module will also cover the theory
C++ Programming for                          directly applied financial problems and to     for multivariate extremes.
Quantitative Finance                         introduce widely available software used
                                             to tackle realistic problems.                  Behavioural Finance
C++ has become very popular in
quantitative finance. Many employers                                                        This module extends the analytical tools
                                             Derivatives Pricing
expect employees to have a good                                                             used for evaluating strategic and
knowledge of object-oriented                 This module covers the methods used in
                                                                                            investment decisions learnt in other

                                                                                                                                         MSc in Quantitative Finance
programming using C++. This module           the valuation of a range of complex
                                                                                            modules by deviating from the paradigm
provides students with a strong              derivative securities.
                                                                                            of rational decision making. The module
foundation in object oriented                                                               focuses on the implications of investor
                                             Economics for Money, Banking and
programming using C++ and will enable                                                       behaviour and capital market
them to improve their programming                                                           imperfections (such as limits to
skills independently. At the end of this     The first part of this module looks at the
                                                                                            arbitrage) for investment management.
module, students should be able to           advanced microeconomic theory of
                                                                                            The concepts of this module are a
develop quantitative finance applications    banking, including topics such as
                                                                                            foundation for value investing, arbitrage,
such as pricing and hedging models.          competition in banking, risk analysis and
                                                                                            asset management and opportunistic
                                             credit market imperfections. The second
                                                                                            corporate finance. The module uses
Spreadsheet Modelling for                    part focuses on the macroeconomics of
                                                                                            insights from psychology and
Quantitative Finance                         money and banking, including policy
                                                                                            behavioural finance to complement
This module provides students with           debates about monetary and fiscal
                                                                                            traditional market frictions and explain
basic spreadsheet modelling skills. At       stabilisation, the critique of policy
                                                                                            the behaviour of capital markets.
the end of this module students will be      formulation, time inconsistency and the
able to do simple Monte-Carlo                rationale for an independent central           Business Forecasting
simulation, simple optimisation using        bank.
solver, and to understand the structure                                                     This module introduces time series and
                                             Students also take three of the following      causal forecasting methods so that
of VBA programmes, Pivot Table and
                                             optional modules:                              students can prepare methodologically
user interface development.
                                                                                            competent, understandable and
                                             Assessing Financial Risk: Extreme
Financial Markets                                                                           concisely presented reports for clients.
                                             Value Methods
This module provides students with the
necessary theoretical and technical skills   Assessment of financial risk requires
to value and use various financial           accurate estimates of the probability of
instruments, such as forwards, futures,      rare events. Estimating the probability of
options and swaps.                           such “extreme” events is challenging, as
                                             by nature they are sufficiently rare that
                                             there is little direct empirical evidence on
                                             which to base inference. Instead we

      Data Mining for Marketing, Sales and        International Money and Finance               Spring Term
      Finance                                     This module explains the nature and           (January – March)
      The first half of this module reviews the   relevance of derivative instruments for
      techniques used in credit scoring to        hedging purposes in the currencies            Core modules:
      evaluate whether customers should or        market, and focuses on the international
      should not be granted credit. It examines   analysis of risk through the extension of     n Optimisation with Financial
      how the discipline has evolved and          basic interest relationships, including         Applications
      covers credit scoring and credit risk       futures rates, swaps and investment           n Derivatives Pricing
      management, definitions of “good” and       returns. The focus is on approaches to
                                                                                                n Economics for Money, Banking
      “bad” customers, statistical and            measuring contractual and operational
                                                                                                  and Finance
      non-statistical techniques in credit        exposure and on understanding the
      scoring and behavioural scoring.            relevance of financial information for the    Three options chosen from:
                                                  development of exchange rate risk
      The second half of this module                                                            n Assessing Financial Risk: Extreme
      introduces students to data exploration                                                     Value Methods
      and data reduction methods. The             Summer Term                                   n Behavioural Finance
      methods adopted aim to simplify and                                                       n Business Forecasting
      add insights to large, complex data sets,   The final element of the MSc is the
                                                  dissertation, a substantial piece of          n Data Mining for Marketing, Sales
      while providing methods of classification
                                                  independent work conducted over the             and Finance
      and clustering. The module extends the
      statistical model-building concepts         summer months through to September.           n Financial Econometrics
      available to students.                      The dissertation gives students the           n International Banking and Risk
                                                  opportunity to apply research techniques        Management
      Financial Econometrics                      and relevant theory to a research topic.
                                                                                                n International Money and Finance
      This module examines the statistical        Students can choose a dissertation topic
      techniques employed in financial time       from any one of the four participating
                                                  departments: Accounting and Finance;          Summer Term
      series and demonstrates how these
                                                  Economics; Management Science or              (April – September)
      techniques can be used to inform about
      the future behaviour of the prices of       Maths and Statistics.
      financial assets by using the information                                                 n Dissertation
      in the history of asset prices and in the
      prices of derivative securities.
                                                   Programme structure
      International Banking and Risk                                                            Learning approach
      This module examines the economics of        Autumn Term
      financial intermediation and                 (October – December)                        There is considerable variety in the
      disintermediation, with some emphasis                                                    teaching methods used on the
      on the UK as a major international                                                       programme. These include lectures and
                                                   Core Modules:                               discussion sessions, groupwork, case
      financial centre. Covering commercial
      and investment banking, the module                                                       studies, presentations and workshops
                                                   n Financial Stochastic Processes
      examines practical issues of risk                                                        on the use of statistical packages. The
                                                   n Statistical Methods for Financial and     style of teaching is often highly
      management by intermediaries as well
                                                     Economic Applications                     interactive, so students will be expected
      as the potential risks involved in the
      more recent trend towards financial          n C++ Programming for Quantitative          to contribute actively to class discussion
      disintermediation. Regulatory issues are       Finance                                   and to engage in groupwork with those
      addressed, with attention paid to both                                                   from different backgrounds.
                                                   n Spreadsheet Modelling for
      ‘on’ and ‘off’ balance sheet positions.        Quantitative Finance
                                                   n Financial Markets

As some of the modules are shared with
other faculties and Management School
programmes such as Money, Banking
and Finance, Management Science and
Finance, students also have an
opportunity to work with Masters
students from a range of programmes.

 Entry requirements

Applicants need an upper second class
honours degree or equivalent in a
numerical subject.

Where English is not the first language
applicants must provide evidence of
English language ability, normally via an

                                                                            MSc in Quantitative Finance
IELTS or TOEFL score. Minimum scores
are IELTS 7 (with at least 6.0 in each
element) or TOEFL 600 (250 computer-
based, 100 internet-based).


A number of bursaries are available,
allocated on a competitive basis. See
also page 15 for general financial awards.

   Further Information
   If you have queries about any aspect of
   the programme, please contact:
   Stacey Read
   Admissions Assistant
   T: +44 (0)1524 510736
   F: +44 (0)1524 510739

“Lancaster is at the very cutting edge of
 management research and definitely, as
 the Financial Times reports, among the
 best management schools in the world
 to undertake your PhD. ”
 Santiago Leyva-Botero

      Doctoral Programmes: PhD and MRes

      LUMS has one of the largest and top ranked doctoral programmes in the world. Our commitment
      to high-quality research is reflected in the fact that we have over 100 full-time PhD students – and
      many part-timers too – drawn from many countries. In January 2010, the Financial Times ranked
      LUMS 5th in Europe and 3rd in the UK for the quality of our doctoral programme.

      LUMS is a lively research environment in which doctoral students play a full and active part.
      Opportunities are often created for students to collaborate on faculty members’ research projects
      in order to gain first-hand experience of the research process. We are committed to providing PhD
      students with a sound foundation in research methodology, and this is reflected in our rigorous
      research training programmes.

       Routes to PhD                                 The PhD in Management also provides             in research methods and to improve
                                                     extensive research training in the first year   their subject knowledge before
                                                     with follow-on training in subsequent years.    concentrating on their research thesis.
      We offer applicants four separate routes
      to the PhD qualification:
                                                     ‘Integrated’ PhD                                Part-time PhD
                                                     This is suitable for new graduates or           We recognise that for many people
      Departmental PhD                               those who are not yet sure exactly              studying full-time is not feasible, in which
      If you already have a clear idea of the        which topic they wish to research. It           case part-time research leading to a PhD
      field you wish to research, and have an        typically lasts four years and has a strong     degree may be a better alternative. The
      appropriate Masters level background,          emphasis on structured research and             normal mode of study would usually be
      then registering directly with one of the      subject training. The first year is spent       full-time for at least the first year of the
      School’s Departments may be the best           registered on an MRes programme.                PhD. However, we can consider registering
      approach for you. All of the School’s                                                          you part-time from the outset but this
                                                     This provides a thorough grounding in           would require an in-depth discussion with
      main academic Departments accept PhD
                                                     research methods. The research training         the admitting Department as you would
      candidates. The Departmental PhD web
                                                     continues into years two and three.             need to commit to visiting Lancaster on
      pages summarise the research expertise
                                                     The design of this programme reflects           a regular basis to receive face-to-face
      available within LUMS. On the website
                                                     the fact that many sponsors prefer              supervision, attend a progress review
      you will also find profiles of all academic
                                                     students to have a thorough grounding           and visit the library and other facilities.
      staff, with details of their active research
      and selected publications.

      PhD in Management
      The distinctive feature of the PhD in
      Management is its cross disciplinary
      approach. Candidates registered on this
      programme may be undertaking research
      that straddles two or more academic
      departments at LUMS or working with
      the Institute for Entrepreneurship and
      Enterprise Development (IEED) and the
      Centre for Strategic Management.

                          “ Lancaster you’re not regarded as just a student: the PhD here is more like
                           an apprenticeship. You’re working one-to-one with a top professor.
                           Marcus Vanharanta

MRes programmes                              Two other MA programmes also incorporate     research assistance for academic faculty.
                                             research training by means of subject        More information is available directly from
The MRes is a ‘Masters in Research’          specialist and research methods modules:     the Department. Typically, the deadline for
degree, a one-year full-time taught                                                       applications to be considered for
Masters programme. The MRes                  n   MA in Human Resource and                 scholarships is the end of March/April.
programmes are based on selected MSc             Knowledge Management
degrees, and combine concentrated                                                         The Department welcomes applications
                                             n   MA in Management and Consulting
study of the subject (in which you will be                                                from students interested in areas
studying alongside MSc and MA                These are regarded as equivalent to          compatible with faculty members’
students) with the development of            MRes, and also meet the requirements         research interests. These include (but are
specialist research methods skills. They     of the ESRC’s 1+3 scheme.                    not limited to):
are designed for students who are                                                         n    Financial reporting: recognition and
planning to become academic                  For more information on the MRes                  disclosure. The Department
researchers or consultants, and who          programmes please see the relevant                co-ordinates a major pan-European
would benefit from further structured        programme pages.                                  research training network: A large
preparation for their PhD studies or who                                                       component of which focuses on the
are required to complete a research
                                             Departmental PhD                                  development of PhD students.
training programme as part of their
                                                                                               Management accounting, control and

                                                                                                                                        Doctoral Programmes: PhD and MRes
doctoral studies.                            Accounting and Finance                            performance management
The programmes have been developed           Each year the PhD programme offered          n    Corporate finance
to ensure that the first year of study       by the Department admits a small             n    Interactions between economic and
meets the Economic and Social                number of excellent students and prepares         legal institutions and governance in
Research Council (ESRC) requirements         them for research careers in leading              shaping financial reporting and
for its 1+3 scheme.                          universities and the financial sector. The        corporate finance decisions
                                             PhD programme is an integral part of the
In addition to the subject material                                                       n    Asset pricing
                                             research environment that has led to the
covered in the MSc degree there are          Department being ranked at the highest       n    Market microsturcture
modules in quantitative and qualitative      level in all UK Research Assessment          n    Derivatives and risk management
research methods and in documentary          Exercises since 1986. PhD students
and electronic search procedures. You                                                     n    International finance
                                             participate in all Departmental research
also prepare a research plan requirement                                                  n    Financial econometrics
                                             activities and work closely with
in place of the summer project/              research-active faculty members, many
dissertation.                                of whom publish in the world’s leading
Currently the MRes is offered in:            research journals. The website provides
                                             details of faculty publications.
                                                                                              Further Information
n   Accounting and Financial Management
                                             Research resources include a wide range          For more detailed information on
n   Advanced Marketing Management
                                                                                              individual staff interests within the
                                             of financial databases such as: CRSP ,
n   Finance                                                                                   Department see: www.lums.lancs.
                                             Compustat, Investext, Perfect Fillings and
n   International Business                   Datastream.                                      research/phd
n   Information, Technology, Management                                                       If you wish to speak to the Department
    and Organisational Change                The Department awards several
                                                                                              directly, please contact:
                                             scholarships each year as well as a
n   Management                                                                                Carole Holroyd
                                             generous fee bursary award for students
                                                                                              Doctoral Secretary
n   Management Science                       joining the MRes programmes as part of
                                                                                              Tel:    +44 (0)1524 593628
n   Money, Banking and Finance               an ‘Integrated PhD’ or 1+3 application.
                                             This is intended to attract the highest
                                             quality students to join the Department,
                                             in return for which PhD scholars are
                                             required to undertake teaching and/or

                                “During the three years of my study, I was shaped by the excellent research
                                 training programme, and gained confidence to become an independent
                                 researcher in my field.
                                 Preeprem Nonthaleerak

      Economics                                    Human Resource Economics                     Macroeconomics International
                                                   (Education, Labour Markets and               Business Economics and Financial
      The Department offers a research             Sports Economics)                            Markets
      environment where PhD students play an       In human resource economics, the             The macroeconomics, international
      important part. The Department currently     Department is particularly well known for    economics and financial markets group is
      supervises around 20 students on the         its work in the economics of education,      internationally known for its applications
      MRes and PhD programmes.                     including the transition to work, labour     of sophisticated time series methods
                                                   market analysis and sports ecnomics.         (including nonlinear and fractional
      Students are encouraged to participate
                                                   n   Experimental tests of theories of        techniques) to the modelling of
      fully in departmental activities. This
                                                       gambling                                 relationships in international
      includes attending and contributing to
                                                                                                macroeconomics and finance, the
      regular departmental seminars. There is      n   Applications of non-expected utility
                                                                                                determinants and impacts of foreign
      an extensive programme of seminars,              theory to issues in gambling and
                                                                                                direct investment (FDI), economic growth
      often attracting external speakers. There        other asset markets, such as impacts
                                                                                                and international trade law.
      are also more informal research                  of higher moments of distribution on
      workshops where staff and postgraduate           expected returns or the design of        n   FDI, determinants, flows and policies
      students present their work in a more            lottery tickets.
                                                                                                n   Local linkage effects of foreign
      informal atmosphere.                         n   Efficiency of sport betting markets          investment in developing countries
      Research by staff members covers a wide      n   Comparative analysis of the              n   Determinants of the growth of small
      variety of topics. The Department has an         determinants of educational attainment       states
      international research reputation in three   n   Cost structures in higher education      n   The implications of alternative
      areas: human resource economics;             n   Funding models for higher education          objectives of independent central
      industrial organisation and economic                                                          banks
                                                   n   Educational attainment and labour
      theory; and macroeconomics,
                                                       market outcomes                          n   Theoretical explanations for the pattern
      international economics and financial
                                                   n   Efficiency measurement in a                  of trade between China, India and the US
      markets. Examples of current
      departmental research is shown below:            non-profit sector                        n   Explaining growth in East Asia and
                                                   n   Evaluation of school efficiency and          Latin America
      Industrial Organisation and                      effectiveness                            n   The WTO and the political economy
      Economic Theory                                                                               of regulating international trade
                                                   n   Teacher supply and teacher retention
      The principal strength in the area of                                                     n   Current economic policy issues
                                                   n   Labour/personnel economics
      industrial organisation and economic                                                          within the EU (micro and macro)
      theory is in the theory of games and         n   Labour market discrimination
                                                                                                n   Political economy, economic
      decisions as applied to cartels and          n   Empirical analyses of worker absence,
                                                                                                    geography and international trade
      mergers.                                         effort and the impact of human
      n   Applications of the state-contingent         resource management                      n   Taylor rules and forecasting evaluation
          approach to production theory            n   Promotions and training in the UK            of the efficiency of asset markets
      n   Applications of time series analysis,        labour market                            n   Evaluation of the properties of forecasts,
          particularly nonlinear and fractional    n   Market size, attendance and team             particularly macroeconomic and
      n   Austrian economics                           performance and European football            earnings forecasts of analysts

      n   Decision theory                          n   Pay and performance of head              n   Purchasing power parity deviations
                                                       coaches in the Bundesliga                n   Deviations from financial arbitrage
      n   Game theory and oligopoly
                                                   n   Racial discrimination in the US              conditions
      n   Spatial competition and merger
                                                       National Football League                 n   Inflation dynamics
      n   The economics of advertising and
          competition policy

Recent PhD topics include:                   examines practice itself as it occurs
                                             across a wide range of contexts
                                                                                             Further Information
The Effects of Changes in Minimum
Wage on Wages; Employment and Hours          (individual, management, organisational,        For further information on latest research
Worked in Indonesia; The Impact of           social, technological). These contexts          projects and details of individual staff
Workplace Human Resource                     often include organisations and                 interests, see: www.lums.lancs.
                                             workplaces but also classrooms, training
Management Practices on Company and
Employee Performance in Britain; Aid,        rooms, virtual learning environments,           You may also find it useful to contact
                                             networks and communities of social              the Department directly:
Reform and Exchange Rate Management
in Ghana: 1983-2005; The Impact of           relationships, and other spaces for             Helen Ashman,
                                             developmental activities.                       Doctoral Secretary
Economic Liberalisation on Regional
Disparities in India;The Execution and                                                       T: +44 (0)1524 593851
                                             Research in the Department is often             E:
Effects of Monetary Policy in Russia;
                                             interdisciplinary and draws upon a
The Growth of SMEs in Jamaica -
                                             variety of qualitative and quantitative
Firm and National Performance in
                                             methods and disciplines, including
Small Economies.
                                             sociology, cultural studies and education,
                                             as well as other inter-disciplinary or
                                                                                          Management Science
                                             post-disciplinary fields such as

                                                                                                                                          Doctoral Programmes: PhD and MRes
                                             organisational studies, feminist, critical   The Department has one of the largest
   Further Information                       and post-structural theory. The following    number of Operational Research,
                                             strands reflect the main areas of the        Operations Management and Systems
   To find out more detailed information
   about research topics and individual      Department’s research:                       teaching staff in the UK, in fact, one of
   staff interests. See:                                                                  the largest in Europe. Many staff in the                     n   Action Learning and Action Research
                                                                                          Department have industrial or public
   departments/economics/research            n   Critical and Strategic HR and Human      sector experience. The result is a strong
   You may also find it useful to contact        Resource Development                     commitment to produce research of
   the Department directly:
                                             n   Gender, Learning and Leadership          practical importance, capitalising on a
   Sarah Ross                                                                             tradition of collaborative research with
   Doctoral Secretary                        n   Impact and Evaluation Studies
                                                                                          industrial partners.
   T: +44 (0) 1524 594601                    n   Leaders, Leadership and Practice
   E:                  n   Learning and Leadership for              The Department is part of two major
                                                 Sustainability                           EPSRC funded Centres for Doctoral
                                             n   Learning, Practices and Pedagogies       Training:

                                             n   Organisational Learning and
Management Learning                              Knowledge Management
and Leadership                                                                            STOR-i is a collaboration between the
                                             The Department provides two annual           Department of Mathematics and
The focus of research in the Department      workshops (usually June and                  Statistics and Management Science. The
is on management, leadership and             November). These are structured events       funding will support 40 doctoral students,
organisation, including leadership for       within an informal setting which allow       recruited in four annual cohorts from 2010
sustainability and diversity, and on the     researchers to share their ideas and         on the four year programme. STOR-i will
learning and development process             experiences of research, and they            pioneer a new approach to doctoral
associated with each of these.               include inputs from members of the           training which seeks to develop
                                             Department, the University more widely       outstanding scientists who have the skills
It takes a number of different forms         and from participants.                       required to see their research have real
ranging from research that addresses
                                                                                          impact. Industrial partners have played a
policy and strategy issues and debates to
                                                                                          major role in the design of the curriculum
research that focuses upon practices or
                                                                                          and will be extensively involved at all
practical actions in context. It addresses
                                                                                          stages of the programme delivery.
theoretical issues and debates as well as

      HighWire is also a cross-disciplinary Centre       n   Forecasting with artificial neural networks   n   Health systems improvement
      that places innovation at the heart of the         n   Forecasting with support vector               n   Systems that transform patients’
      curriculum and ethos. HighWire seeks to                regression                                        provider communication
      create a creative fusion between computer
                                                         n   The evaluation of econometric                 n   Systems to support health
      science, management and design.
                                                             principles for improved forecasting               promotion planning
      Beyond these Centres research in the               n   Forecasting in telecoms and the
      Department is based on a number of                     adoption of new services
      research groups and students are usually                                                             n   Component-based simulation
                                                         n   Evaluating and interpreting
      associated with one of these groups. The                                                             n   Parallel and distributed simulation
                                                             macroeconomic forecasts
      groups and examples of research topics                                                               n   Object-orientated approaches
                                                         n   Evaluating the relative forecasting
      are shown below:                                                                                     n   Web-based simulation
                                                             properties of non-linear time series
      Optimisation                                           models                                        n   Combining discrete and continuous
                                                         n   Forecasting evaluation from the                   simulation
      n   Vehicle routing problems
                                                             perspective of asymmetric loss functions      n   Business process modelling
      n   Green logistics
                                                                                                           n   Conceptual modelling
      n   Metaheuristic search technologies              Data mining, market modelling
                                                                                                           n   Model simplification
          – design analysis and implementation           and predictive analysis
                                                                                                           n   Complex adaptive systems
      n   Analysis of tactical decisions within sports   n   The evaluation of market share models
                                                                                                           n   Boolean networks
      n   New cutting planes for integer                 n   Brand value and brand choice
          linear programming                                                                               n   Agent-based simulation
                                                         n   Data mining application in supply
          Integer non-linear programming                                                                   n   Random number generators
      n                                                      chain management
                                                                                                           n   Output analysis
      n   Collaboration and negotiation to               n   Data mining applications in business
          improve supply chain performance                                                                 n   Applications in population genetics
                                                         n   Computational intelligence for data
                                                                                                               and agriculture
      n   Impact of the price structure on                   mining in particular classification
          revenue management problems                        with neural networks and support              Systems/Soft Operational Research
      n   Stochastic models for dynamic                      vector machines
                                                                                                           n   Organisation-based action research
          resource allocation                            n   Cost sensitive learning                           in which the different approaches
      n   Novel approaches to the optimal                n   Time series clustering and time                   can be further developed (Mode 2
          control of complex random systems                  series classification                             Research)
      n   Management of multi-location                                                                     n   Examining the ways in which hard
                                                         Risk Management
          inventory systems                                                                                    and soft OR/management science
                                                         n   Organisational failure, reliability               methods may be used in a
      n   Dynamic routing of customers in
                                                             and learning                                      complementary manner
          queuing systems
                                                         n   Safety culture, climate and leadership        n   Soft systems methodology used in
      n   Management of the outsourcing of
          warranty repair work                           n   Social context and human error in                 managing complexity
                                                             risk assessment                               n   Empirical work that examines how the
      Forecasting                                                                                              methods are being used in practice
      n   Planning under uncertainty –
          stochastic optimisation                        n   Planning primary care                         Strategy/systems and Information
      n   Facility layout                                n   Performance management
                                                                                                           n   Action research
      n   Revenue Management                             n   Integrating hard and soft approaches
                                                                                                           n   E-Business
      n   Statistical methods for forecasting to         n   Waiting list management
          support supply chain management                                                                  n   Social theory in IS
                                                         n   Health systems queues
          Forecasting with computational                                                                   n   Strategy and IST
      n                                                  n   Multivariate statistical methods
          intelligence                                                                                     n   International studies
                                                         n   Impacts of spatial factors on health
                                                             service delivery

                              “ a PhD student at Lancaster you’re more independent, you’re exploring ideas in
                               a lot more depth. There’s a great sense of freedom.
                               Hong Juan Liu

Supply Chain Management                         What is the role of culture in consumption?      What role do marketers play in creating
and Modelling                                   How do disadvantaged and vulnerable              markets or defining new market areas?
n   Developing company improvement              groups approach consumption?
                                                                                                 Business-to-Business Marketing
    models for particular countries/            How does gender intersect with
    company types                                                                                The Department have a long standing
                                                                                                 interest in the inter-organisational aspects
n   Product customisation and                   How are objects consumed symbolically –          of marketing this enables them to support a
    workload control                            and how does consumption relate to               wide range of work in this area. The
n   Quality practices in particular             consumers’ identities?                           Department are currently engaged in
                                                                                                 studies relating to: the use and forms of
n   Six sigma process improvement               The Department also welcomes
                                                                                                 contracts in B2B exchange, in product-
                                                applications that address ethical areas of
n   Understanding inter-organisational                                                           service combinations in B2B exchanges, in
                                                consumption including issues relating to
    relationships in the context of                                                              changes in manufacturer-retailer
                                                the sustainability of consumption and food
    purchasing and supply                                                                        relationships in Europe and elsewhere, and
                                                marketing systems.
n   The effect of e-business on                                                                  in the configuration of inter-organisational
    operations in SMEs                          Public Policy and Marketing                      networks and how these networks acquire
                                                                                                 and use knowledge.
n   Uncertainty in the supply chain             The Department recognises an important

                                                                                                                                                Doctoral Programmes: PhD and MRes
                                                link between marketing and public policy         The Department welcomes applications
n   Lateral transhipments in supply
                                                and are interested to explore questions          that relate to these areas of interest.
    chains (inventory control)
                                                with public policy implications – be this with
                                                respect to consumers or organisations.           Recent PhD topics include:
    Further Information                                                                          The Implementation of Key Account
                                                The Department is interested in how public
                                                policy can enable or protect vulnerable          Management Process as an Organisational
    For further information and details of
                                                consumers, and how it can address areas          Change Initiative; An Empirical Study:
    individual staff research interests, see:                       of harmful consumption. They also support        Collectors in their Familial, Social and
    departments/mansci/research                 studies that consider the anti-competitive       Cultural Worlds; Organising “Knowledge
    You may also find it useful to contact      effects of marketing activity or look at         Transfers” between Dispersed Corporate
    the Department directly:                    anti-competitive agreements including            Spaces Video Games, Processing Fluency
    Gay Bentinck                                competitor cartels and vertical restraints.      and Children’s Choice; Exploring Product
    Doctoral Secretary                                                                           Placement in New Media Reputational
    T: +44 (0) 1524 592408                      The Management of Marketing                      Objects - A Critical Re-evaluation of
    E:                Surprisingly little has been published about     Corporate Brand Management
                                                the management of marketing – a deficit
                                                that the Department actively seeks to
                                                address. The questions the Department
Marketing                                       are interested in include the following:            Further Information
The Department research falls into                                                                  For further information on these
                                                What are the day-to-day practices of
several areas:                                                                                      research themes, funded research
                                                marketing managers?
                                                                                                    projects and individual staff interests,
Consumer Behaviour Research                     How are new ideas assimilated and                   see:
                                                disseminated by marketing managers?                 departments/marketing/research
The Department has a broad interest in
consumer behaviour and are interested to        How do managers make sense of the                   You may also find it useful to contact
                                                complex environments they face?                     the Department directly:
apply questions such as the following to
particular consumption contexts:                How is language used by marketing                   Gaynor Cannon
                                                                                                    Doctoral Secretary
                                                managers to sell ideas and negotiate
How are young people and children                                                                   T: +44 (0)1524 592408
socialised as consumers?                                                                            E:
                                                How do marketers apply business models
How do consumer transitions influence
                                                to enable organisational action?

                                 “There’s a really good community here – I feel I can go to any member of staff and
                                  know they’d be willing to talk through my work. ”
                                  Rosalind Way

      Organisation, Work                                  context of developments associated         The PhD in Management
      and Technology                                      with the emergence of the so-called
                                                          ‘information society’. The
      Research in the Department is conducted             Department is home to the School’s        In addition to the specialist research
      along three interrelated strands reflected in       Centre for the Study of Technology        opportunities within departments the
      its title: organisation, work and technology.       and Organisation (CSTO).                  School offers a cross-disciplinary PhD in
      These strands of interdisciplinary research                                                   Management. This allows you to take
      and the crossovers of staff between them        n   Management and Society                    advantage of the School’s research
      provide the Department with a coherent              This area of research is concerned        strengths and also develop general
      focus on ongoing managerial, organisational         with the broader societal concerns        research skills. The PhD in Management
      and technological change - all of which             raised by contemporary organisational     offers the unique opportunity to take a
      are central phenomena in contemporary               and managerial practices with specific    multi-disciplinary approach to research
      organisations. The Department has a strong          reference to governance, ethics and       which is in keeping with the University’s
      interest in the theoretical frameworks              the environment.                          strategy to encourage cross faculty
      through which work organisations are                                                          working and networking. Candidates
      analysed and the implication of such            Recent PhD topics include:                    registered on this programme may be
      theories for understanding organisation,        Organisational Theory and its Metaphysical    undertaking research that straddles two
      work and technology in contemporary             Foundations; HRM and Self-Development:        or more academic departments or work
      organisational settings. Broader social,        Elements of Cultural History; Inter-          with the Institute for Entrepreneurship
      ethical and environmental concerns raised       organisational Knowledge sharing in           and Enterprise Development (IEED) and
      by the intersection of contemporary             Mexican SMEs; Organising for Innovation;      the Centre for Strategic Management.
      economic, cultural, organisational and          Management and the Natural                    The programme also provides extensive
      managerial practices are also important         Environment; Innovation and the               research training in the first year with
      to the Department.                              Management of Change in Government            follow-on training in subsequent years.
                                                      and Public Services; Practice Theory and
      The main research interests of the                                                            IEED has an active cohort of PhD
                                                      its Implications for Telemedicine; Mobile
      Department are:                                                                               candidates registered on the PhD in
                                                      Technology as an Actor Network;
                                                                                                    Management. Research in IEED is
                                                      Revealing Virtual Political Networks: The
      n   Organisation studies                                                                      focused around the following themes:
                                                      case of Taiwan; Electronic Government
          The Department has a long established       and Virtual Modes of Organising;              n   Entrepreneurial learning
          international standing for its scholarly    The Modern Novel and the Cultural History     n   Social Enterprise
          and critically informed analysis of         of Business Ethics; Diversity Management      n   Family Business
          diverse managerial practices in a           and the Construction of Identities at Work.
          variety of empirical settings.                                                            n   Regional development, enterprise
                                                                                                        policy and knowledge exchange
      n   HRM, Work and Globalisation                                                               n   Small and Medium Sized Business
          Research focuses on the relationships           Further Information                       n   Innovation
          between work, organisational
                                                          For further details of individual staff   n   Networks
          structures and cultures, and the social
                                                          research interests and current projects
          reproduction of identity through new            within the Department and within          The Centre for Strategic Management is
          people management practices that                CSTO, see:          developing an active cohort of PhD
          operate with an increasingly global             departments/owt/research                  candidates registered on the PhD in
          reach.                                          You may also find it useful to contact    Management. Research in the Centre is
                                                          the Department directly:                  focused around the following themes:
      n   Technology and Organisation
                                                          Wendy Wang                                n   Strategy as Practice
          This strand of research is concerned            Doctoral Secretary
          with the critical study of the                                                            n   Processes of Strategy Development
                                                          T: +44 (0)1524 592312
          organisation-technology nexus in the            E:                        and Strategic Change
                                                                                                    n   The Capability Based View

n   International Strategy and MNCs                                                              Funding and Fees
                                                 Further Information
n   Mergers and Strategic Alliances
                                                 Further details about the programme
                                                 and research training can be found on:         Various forms of financial help are available
                                                             for UK/EU and international students. This
                                                 PhDProgTypes/ResTrain/                         includes awards from the Management
 Programme structure                             You may also find it useful to contact         School, and studentships from the
                                                 the PhD in Management office directly:         Economic and Social Research Council
                                                 Laura Carter                                   (ESRC), Engineering and Physical Sciences
The following modules will be taken as part
                                                 T: +44 (0)1524 592827
                                                                                                Research Council (for Management
of the research training for the PhD in
                                                 E:                    Science/Operational Research applicants),
                                                                                                and for international students,
                                                                                                Commonwealth studentships.
 Year 1 – Term 1
                                                                                                For latest details see: www.lums.lancs.
 Management Research –                         Entry requirements
 An Overview of Methods and Issues

                                                                                                                                                Doctoral Programmes: PhD and MRes
                                              PhD applicants are normally required to              Further Information
 Management & Organisations: The
                                              have a Masters degree in a relevant
 Production of Management Knowledge                                                                More extensive information on PhD
                                              discipline area, which has included
                                                                                                   programmes at Lancaster, including a
 Searching for Information                    coverage of appropriate research                     detailed outline of the research training
 in Management Research                       methodologies. If instead you hold a good            programme, latest funding opportunities
                                              honours degree (typically an upper second            and guidelines on how to write a PhD
                                              class) you may be required to complete an            proposal can be found at
 Year 1 – Term 2                                                                         
                                              MRes as a preparation for the PhD.
                                                                                                   For general queries on any aspect of
 Qualitative methods in                       If English is not your first language, you will      PhD study at Lancaster, contact:
 the Social Sciences                          need to provide evidence of your English             The Doctoral Office
                                              language ability, normally via an IELTS score        T: +44 (0)1524 594448
                                              of 7 or 600 TOEFL (250 computer-based                E:
 Year 1 – Term 3
                                              test, 100 internet-based test). GMAT is
                                              required for PhD programmes in
 Quantitative & Survey Research               Accounting and Finance.
 Research Design
 Presenting Conference Papers

                                               Tuition Fees (2010/11)
In addition to the compulsory research
training students, may take modules from                                                                 UK/EU                Overseas
any of the specialist Masters programmes
                                               Full-time (per annum) PhD                                 £3,466                £10,500
in the Management School as agreed with
their supervisor.                              Part-time (per annum) PhD                                 £1,733                 £5,250

                                               Part-time Management Learning (per annum)                 £2,500                 £5,250

      Travel Information
      Getting to Lancaster

      Lancaster University is located near to major air, road and rail links. It is easily accessible from major
      cities throughout the UK, and from most countries around the world.

      Getting around the UK from Lancaster

      Lancaster is ideally situated in the centre of Britain, providing easy access to all parts of the UK by
      road or rail. Lancaster station is on the main London to Scotland West Coast rail line, with direct
      services to London, Birmingham, Manchester, Leeds, Glasgow and Edinburgh.

      The M6 motorway, one of the UK’s major highways, can be reached in five minutes from the
      Lancaster campus, and provides fast motorway links to most of the UK’s major cities.

                                    M8         Edinburgh



                Belfast                         M6

                                                 M6              Leeds

                               Liverpool               Manchester
              Dublin                                             M1




                                      Cardiff                                   London   M2
                                                                      M3                 M20



The campus is easily accessible by road and rail
and is within an hour of Manchester
International Airport

                       Campus Map
                                                                                                                                                                                                                                                                                                                                                                                                                               Campus Buildings
                                                                                                                                                                                                                                                                                                                                                                                                                               Area under construction

                                                                                                                                                                                                                    Tower Ave nu e
                                                                                                                                                                                                                                                                                                                                                                                                                               Due for completion in 2008

                                                                                                                                           Physics Avenue
                                                                                                      John Creed Ave
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                                                                                                                                                                                                                                                                                                                     Hotel Entrance Road

                                                                                                  Please note that some car park spaces and access routes                                                                                                                                                              (no access to university)
                                                                                                                                                                                                                                                                                                                                                                         A L E X A N D RA                        a

                                                                                                  may be out of use during part of 2008-2009 because of                                                                                                                                                                                                                                                                                                                 Cartmel
                                                                                                  building work
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                        West Ave
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                                           Your guide to campus facilities
Alexandra Square (Shops and Banks)   29
Ash House                            14
Bailrigg House                       1
Barkers House Farm                   54
Biological and
Environmental Sciences Building*     38
Bowland Annexe                       9      Department                 Location                 Department               Location                Department               Location
Bowland College                      23
Bowland Hall                         8
Bowland North                        19     Accounting and Finance     Management School        European Languages       Bowland North           Management Science       Management School
Bowland Tower East                   28                                                         and Cultures                                     Marketing
Bowland Tower South                  31     Administration - Central   University House
Cartmel College                      54     Applied Social Science     Bowland North            Geography                Lancaster Environment   Mathematics and          Fylde College
Central Workshops and Stores         30                                                                                  Centre                  Statistics
CETAD                                15     Art (LICA)                 Bowland Annexe
Chaplaincy Centre                    20                                                         Graphics (Folio)         County College          Medicine                 Faraday Building
Computer Services (ISS)              25     Biological Sciences        Biological and
Conference Centre                    21                                Environmental                                                             Music (LICA              Music Building
County College                       5                                 Sciences Building        Health Research          Bowland Tower East      Natural Sciences         Faraday Building
County South                         12                                                                                  Wing
County West                          3      Biomedicine and Life       University House                                                          North West Regional
Edward Roberts Court                 34     Sciences                                            History                  Furness College         Studies                  Fylde College
Engineering Building                 44     Careers (CEEC)             Furness College
Faraday Building                     22                                                         Imagination at           County South Library    Organisation, Work       Management School
Furness College                      36     CELT                                                Lancaster (LICA)                                 and Technology
Fylde College                        41
George Fox Building                  47     Centre for Gender and      Bowland North            Information Systems      Library                 Pharmacy                 Bailrigg House
Graduate College                     52     Women’s Studies                                     Services
Great Hall                           10                                                                                                          Philosophy               Furness College
                                            Centre for Research in     Whewell Building         Institute for Advanced   County South
Grizedale College                    48                                                                                                          Photography (Folio)      County College
Health Centre                        40     Human Development                                   Studies
InfoLab21                            51     CETAD                      Bowland Hall             Institute for Cultural   County South            Physics                  Physics Building
Institute for Advanced Studies       17
Institute for Cultural Research      18     Communications             InfoLab21                Research                                         Politics and             County College
Jack Hylton Music Rooms              16     Systems                                             Institute for            Management School       International
John Creed Building                  13
Lancaster Environment Centre         39     Computing                  InfoLab21                Entrepreneurship and                             Psychology               Bowland North
Lancaster Environment Centre                                                                    Enterprise                                       Religious Studies
                                            Continuing Education       Bowland North
Workshops                            2                                                          Development
Lancaster House Hotel                49     Counselling Service        Furness College                                                           Research and             Bowland Tower South
Lancaster Leadership Centre          46                                                         Law School               Bowland North           Enterprise Services
Library                              32     Dentist                    Bailrigg House
                                                                                                Learning Development     ASH House               School of Health and     Physics Building
Lonsdale College                     53     Disabilities Service       University House
LUTV - Round House                   6                                                          Centre                                           Medicine
Management School                    45     Economics                  Management School        Linguistics and          Bowland College
Medical Education Centre             20a                                                                                                         Sociology                Slaidburn House
Music Building                       4      Educational Research       County South             English Language
                                                                                                                                                 Students’ Union          Great Hall Complex
Nuffield Theatre                     7      Engineering                Engineering Building     Management               Management School
Pendle College                       50                                                                                                          Theatre Studies (LICA)   Slaidburn House
Peter Scott Gallery                  11     English and Creative       County College                                                            Uni Print (Folio)
Physics Building                     26     Writing                                             Division
Postgraduate Statistics Centre       41a                                                        Management               Management School
Pre-School Centre                    37     Environmental Science      Biological and
Reception Lodge                      24                                Environmental Sciences   Learning and
Ruskin Library                       35                                Building                 Leadership
Slaidburn House (Students’ Union)    33
Sports Centre                        42
University House                     27
Whewell Building                     43    *Some offices temporarily relocated to Furness College