MSc Public Financial Management
Duration: 2–5 years
Minimum Entry Requirements: You should have a recognised UK Bachelor's degree, or international equivalent, in a social science discipline. Qualifications in other subjects will be assessed on their merits. Your application may be considered if you have previous education and experience, equivalent to a degree-level qualification, which includes suitable preliminary training. You are required to have internet access to participate in this programme.
Start of programme: November / February / April / June / August
Mode of Attendance: Distance Learning
This programme will provide you with skills and knowledge in the field of public finance. It ranges across all applications, whether in budgeting, revenue policy, financial reporting and audit, compliance or where financial matters take a central position in policy, such as in public-private partnerships or fiscal decentralisation.
Phone: +44 (0) 20 7898 4050
English language requirements: If your first degree was not taught in English, you will need to provide evidence of language ability as tested by the British Council or another registered body. This is equivalent to a score of 7.0 overall in the IELTS test, or 7.0 in both reading and writing.
You will study four core modules and select four electives. The electives can include study of Research Methods and a Dissertation, taken as two modules.
- Macroeconomic Policy & Financial Markets
- Public Financial Management: Planning and Performance
- Public Financial Management: Revenue
- Financial Reporting (International Financial Reporting Standards – IFRS)
Financial Reporting (International Public Sector Accounting Standards – IPSAS)
- Decentralisation & Local Governance
- Management Accounting
- Privatisation and Public-Private Partnerships
- Project Appraisal
- Public Financial Management Audit and Compliance Macroeconomic Policy & Financial Markets
- Public Policy and Management: Development Assistance
- The International Monetary Fund and Economic Policy
- Research Methods
Teaching & Learning
Teaching & Learning
The MSc is made up of eight modules. Each module is studied in eight-week sessions. You can only take one module at a time, but each module is typically available in at least two of the year's study sessions. This gives you the flexibility to plan how you study during the year, enabling you to fit your study in with your professional, family and personal commitments.
You will be individually assigned an online academic tutor for the duration of each module with whom you can discuss academic queries at regular intervals during the study session. You will also have a named administrator providing you with help and advice throughout your studies.
Before the start of each module you have enrolled on, you will be sent a package containing all of the study materials that you need to complete the module – the core text, textbooks, a collection of key articles, and any module related software.
To make your experience as a distance learning student more complete and rewarding, we provide access to the Virtual Learning Environment, which is a web-accessed learning environment. Via the VLE, you can communicate with your assigned academic tutor, administrators and other students on the module using discussion forums. The VLE also provides access to the module Study Guide and assignments, as well as a selection of electronic journals available on the University of London Online Library.
For each module, you will sit a three-hour examination, held on a specified date in October, and complete two assignments during the module study session. Assignments are submitted and feedback given online. Examinations and assignments are weighted 70:30.
This degree is suitable for people working in central Financial Ministries, or in financial management roles in line Ministries, sub-national governments or financial scrutiny functions in Parliaments or Supreme Audit Institutions. It will also be valuable for people working in consultancy and advisory functions, and in international financial institutions.
How to Apply
The online application form allows you to submit your application directly to us for consideration. We aim to answer each application within 10 working days. Once it has been reviewed, you may be made a conditional offer. A firm offer will only be made once we have received from you the supporting documentation specified in the conditional offer. We will keep you informed of the process in writing.
For more information about our application procedure, application deadlines, and the supporting documentation required, please visit our admissions webpage.
A Student's Perspective
Julio Giró, Switzerland
The knowledge gained has helped me by improving both the skills and quality of my work… I understand issues that I would not have recognised prior to joining the programme…