SOAS University of London

Centre for Financial and Management Studies (CeFiMS)

MSc Public Financial Management (2019 entry)

  • Overview
  • Structure
  • Teaching and Learning
  • Fees and funding
  • Employment
  • Apply

Overview

duration:
2–5 years

Entry requirements

Featured events

Start of programme: November / February / April / July

Mode of Attendance: Distance Learning

Our MSc Public Financial Management programme will enable you with the conceptual tools and practical skills to analyse, understand, and play a role in the management of public financial resources.

The core modules of the programme will equip students with theoretical knowledge about programming, budgeting, collecting revenue and reporting about the financial performance of public sector entities. Elective modules will provide students the possibility to deepen their understanding of more specific areas such as, for example, development assistance and foreign aid, the role of capital markets and banks, management accounting and project appraisal. Along the way, students will develop capabilities to analyse, critically appraise and communicate which will provide valuable assets for their professional activity and career prospects.

The subject area of public financial management refers to all systems, processes and tools that public authorities employ to manage the financial resources in the public sector. Public financial management has various ramifications – for example, from the collection of revenue to the budgeting of expenditures, and from financial reporting to the auditing and evaluation of public entities and programmes. The prudent, efficient and effective management of public finances is vital for the delivery of public policies and services.

Why study MSc Public Financial Management at SOAS

  • we're ranked 11 in the UK and 2 in London for Business and Management by the 2019 Guardian University league table
  • programmes are delivered by a multicultural and international teaching body, who regularly publish in top international journals
  • you will develop an excellent understanding of key issues shaping international business strategy
  • we are specialists in the delivery of more that forty African and Asian languages. As the economies of the Global South continue to expand, knowledge of another language and other cultures will be a big asset in the world of commerce and international trade
  • you will be joining our community of alumni and academics who have an impact on the outside world of academia 

This degree is suitable for people working in central Finance 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.

For more information email: aa144@soas.ac.uk 

Convenors

Structure

You will study six modules: three core modules and three elective modules selected from the lists below.

If you wish to complete the Dissertation you must study Research Methods.

Core modules

  • Macroeconomic Policy and Financial Markets
  • Public Financial Management: Planning and Performance
  • Public Financial Management: Revenue
  • Financial Reporting (IFRS)    
    or 
    Financial Reporting (IPSAS)

Elective Modules

  • Bank Regulation and Resolution of Banking Crises
  • Decentralisation and Local Governance
  • Dissertation
  • Management Accounting
  • Privatisation and Public-Private Partnerships
  • Project Appraisal
  • Public Financial Management Audit and Compliance
  • Public Policy and Management: Development Assistance
  • Regulation of International Capital Markets
  • Research Methods
  • The IMF and Economic Policy

Find out more

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.

Important notice

The information on the programme page reflects the intended programme structure against the given academic session. If you are a current student you can find structure information on the previous year link at the top of the page or through your Department. Please read the important notice regarding changes to programmes and modules.

Teaching and Learning

Teaching & Learning

Modules

Modules are typically made up of two hour lectures and a one hour seminar every week. Students are expected to be active in class seminars through presentations and participation to class discussion. Students are typically evaluated through a combination of presentations (that are weighted 10% of the marks), one assignment (30% of the marks) and one 2-hour examination (60% of the marks).

Dissertation

The MSc Public Financial Management requires students to do a dissertation which provides opportunity for students to conduct original historical research on their own initiative, to engage in in-depth analysis of particular subjects and to use a range of primary historical sources. It is assessed by a single 10,000-word dissertation.

Suggested Reading:

  • Allen, R., Hemming, R., and Potter, B. (eds) (2013), The International Handbook of Public Financial Management. London: Palgrave Macmillan
  • Asquer, A. (2017), Public Sector Revenue: Principles, Policies and Management. London: Routledge

Fees and funding

MSc Single Module
£10,080 £1,680
Pay as you Learn

Our distance learning programmes can be paid in full at the time of enrolment or on a pay as you learn basis. Pay as you learn means you only pay for the module you are enrolling on.

Postgraduate loans

If you have been a resident in England for 3 years you may be eligible. Click here to learn more.

Scholarships

Click here for a list of postgraduate scholarships.

Alternatively, we recommend students approach their local British Council, British High Commission or British Embassy, for information on local funding.

Dependent on nationality, employment circumstances and other factors, funding and sponsorship sources can include:

  • United Nations (UNESCO, FAO, UNDP, UNEP etc)
  • Bilateral Aid Agencies (SIDA, GTZ, etc)
  • European Union
  • British Council
  • UK Department for International Development / Foreign & Commonwealth Office
  • NGOs
  • Educational and other charitable trusts
Scholarships

For further details and information on external scholarships visit the Scholarships section

Employment

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.

A Student's Perspective

I can assure my sponsor that the studies I undertook were value for money and have helped me tremendously in my career development. I would recommend studying through CeFiMS to anybody.

Brechtje Swart

Apply

Find out more

  • Contact us
    By phone:
    +44 (0)20 7898 4098
    By email:
    cefimsadmin@soas.ac.uk
  • Got a question?

    If you still have questions about this programme or studying at SOAS get in touch.

    Ask a question

  • Apply

    CeFiMS distance learning applications should be made through our online application form.

    Start your application