MSc Programmes in FinanceWelingkar Institute of Management Development & Research
Price on request
- At 2 venues
Frequent Asked Questions
Graduates with a strong quantitative background such as BCom, Engineering, Mathematics, Computing or Economics degree at First Class Honours level or equivalent GPA, from reputable academic institutions. Students accepted on the pre-term programme will be chosen by Welingkar on the basis of their application to Lancaster. Students will only be permitted to take the pre-term programme if they have an overall average mark on their degree of at least 60% and they must have also obtained at least 60% in each year of their study.
Introducing Master's level Programme jointly presented by the Welingkar Institute of Management Development & Research, Mumbai, INDIA and the Lancaster University Management School, UK.
The pace of developments taking place across the globe is opening new avenues of both study and career opportunities.India is growing fast, simultaneously attracting a large number of global players to India and several Indian companies setting up international operations.As a progression then the future workplace will have different demands, those which will need us to view things from a different perspective-a new paradigm.
The Master's level programme is a 12-month full time programme at Lancaster University Management School for which Welingkar provides sponsored 4-week pre-term. MSc Programme is a journey that promises to equip you with knowledge and skills required for the new age , to be able to meet opportunities successfully.We look forward to welcoming you to the programme.
Lancaster University Management School (LUMS) one of the top three institutions for research in Management in the UK, is admitting students to its 12 month MSc Programmes in Finance; the MSc in Accounting and Financial Management and the MSc in Money, Banking and Finance. Suitably qualified graduates without a GMAT are eligible for the MSc Programmes via a special pre-term Welingkar programme.
The Lancaster/Welingkar pre-term programme has been born out of an academic partnership between Welingkar Institute of Management and LUMS. The pre-term programme is a unique 4 week programme available to those who pass through the stringent selection process of Lancaster and Welingkar.
The pre-term programme, while strengthening accounting and finance basics will prepare students for the demanding standards of LUMS for which no separate pre-term fees would be charged. Students from BCom, Engineering, Mathematics or Computing degrees will benefit through this programme. There is a GMAT waiver for students successfully completing the pre-term programme. After the pre-term programme, students would commence their 12 month full-time MSc programme at LUMS in the UK. As part of the MSc programme, students are required to undertake a dissertation and will have the option to complete the dissertation element at either LUMS or Welingkar.
Accounting & Finance:
The objective of module is to familiarise graduate students with accounting concepts needed for interpreting financial reports prepared for both external and internal users. The whole perspective of this course is that of the users of accounting information. However, understanding of accounting mechanics helps the users. Operating, investing, lending and regulatory decisions use financial statement information. Major components of the course include an introduction to the basic accounting model; application of generally accepted accounting principles in preparing income statements, balance sheets and statements of cash flow. We also study managerial accounting, which is concerned with different issues than financial accounting. Effecting control through budgets and evaluating performance fall within its realm. In contrast to financial accounting, managerial accounting focuses on providing data for internal uses by the manager; places more emphasis on the future; and is not governed by generally accepted accounting principles. Neither prior management experience nor exposure to accounting is a course prerequisite. You should be able to reason clearly, express yourself with facility and read and understand material drawn from the textbook and financial press.