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Centre for Financial and Management Studies (CeFiMS)

MSc Public Financial Management

Duration: 2–5 years


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Start of programme: November / February / April / June / August

Mode of Attendance: Distance Learning

Fees: £10,080

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.

Find out more

To find out more about this programme, including module details, fees and entry requirements, please visit the MSc Public Financial Management section of the Centre for Financial and Management Studies website.

Related Mooc

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Understanding Public Financial Management: How is Your Money Spent?


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.

Core 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)
Elective Modules
  • 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
  • Dissertation

To find out more about this programme including module details, please visit the MSc Public Financial Management section of the Centre for Financial and Management Studies website.


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 September/October, and complete two assignments during the module study session. Assignments are submitted and feedback given online. Examinations and assignments are weighted 70:30.

For more information about studying with us, please visit the Frequently asked questions section of the Centre for Financial and Management Studies website.


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.

Find out more

Find out more by visiting the Careers section of the Centre for Financial and Management Studies website.

How to Apply

Online application

To make an application, please complete our online application form. For more information about the application procedure and deadlines, and the supporting documentation required, please visit the admissions section of the Centre for Financial and Management Studies website.

A Student's Perspective

Doing an MSc by long distance was one of the most challenging and rewarding experiences of my life.

Glenna Dureau-Sargsyan