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Lancaster University's BSc (Hons) Economics and Finance (Industry) is a four-year undergraduate program with the purpose of providing students with a good foundation in economics and finance. The course is structured to incorporate theoretical studies with industry exposure, resulting in graduates who are employment-ready for areas such as banking, investment analysis, consultancy, and financial management. One of the salient features of the program is the industrial placement of one year, during which students get to see real business configurations.
Course Structure:
Economics and Finance (Industry) at Lancaster blends a solid academic foundation with real-world application. The course covers a variety of core topics, including:
Microeconomics and Macroeconomics: Understanding agent, firm, and economy behavior.
Financial Accounting and Management Accounting: Equipping students with the skill to prepare and analyze financial statements, and make strategic managerial choices.
Investment Analysis and Risk Management: Developing the skill to analyze investment prospects and quantify risks effectively.
Econometrics and Statistical Techniques: Using economic data to analyze economic phenomena and make informed financial choices.
Corporate Finance: Studying financial decision-making in business settings, such as capital structure and financial decision-making.
The program also focuses on group work, case studies, and seminars that develop essential problem-solving, critical thinking, and communication skills.
This program is accredited by professional bodies such as the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). Accreditation enables students to be exempt from some professional exams, which gives them a significant advantage in the competitive financial job market.
Campus Location:
Based in Lancashire, UK, Lancaster University offers students interaction with state-of-the-art facilities at the Lancaster University Management School (LUMS), which is one of the UK's top business schools. The department is equipped with the current industry-standard software, and students benefit from access to extensive career advice services, which contribute to both personal and career development.
Lancaster University places emphasis on experiential learning, which provides students the ability to gain hands-on experience that complements academic life. Practical learning experiences are arranged through:
Internships and Placements: The program offers a one-year placement in top finance, consulting, and fintech companies, which allows students to apply theoretical knowledge to a real-time situation.
Research Projects: Students may engage in research projects in finance, researching such areas as financial risk, sustainability, and other contemporary issues in economics and finance.
Student Societies and Competitions: Students may engage in societies such as the Investment and Finance Society, take part in trading competitions, and listen to guest lectures by industry professionals, all of which provide the opportunity to network and become professional.
International Exchange: The scheme offers the students a chance to study abroad, thus expanding their international vision and enhancing their educational experience.
Lancaster University's Career Services unit provides the students with complete support for the career changeover from the university to the business world, including:
Career counseling and planning.
Practice interviews and CV writing seminars.
Industry panel events and campus recruitment fairs with direct contact for students to top employers.
The BSc (Hons) Economics and Finance (Industry) graduates are very marketable, with many securing jobs at major finance companies such as PwC, EY, Deloitte, KPMG, and Barclays. The diverse skills obtained during the course—through investment management, financial analysis, and economic forecasting—create room for several possible future careers, among which are investment bank professional, economic consultant, etc.
Advancement to Advanced Academic Degrees:
After graduating with the BSc (Hons) Economics and Finance (Industry), students can go on to pursue postgraduate degrees in Financial Mathematics, Quantitative Finance, Data Analytics, or Actuarial Science. Others also pursue an MBA or other higher business and finance qualifications, further expanding their career prospects in the very competitive financial arena.
A Level - AAB. This should include Mathematics.IB - 35 points overall with 16 points from the best 3 HL subjects, including 6 in Mathematics HL (either analysis and approaches or applications and interpretations).IELTS - We require an IELTS score of 6.5 overall with at least 5.5 in each component for this programme. TOEFL - 87 overall, with minimum scores of 17 in Listening, 18 in Reading, 17 in Speaking, and 20 in Writing.bankinginvestment analysisfinancial consultingrisk managementdata analysisfinancial planninginsuranceportfolio managementcorporate financeaccountingeconomic researchfinancial technologytaxationauditingbusiness strategymanagement consultingand policy advising
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Lancaster University
