Management MSc

Compulsory modules:

This term encompasses a wide range of fundamental knowledge and key skill areas in management discipline.

• Accounting and Finance

  The aim of the module is to equip you with an understanding of the most common financial and accounting techniques and practices. Seeking a career in professional services, and more generally in the management and business arena, you need to have a thorough understanding of the fundamental principles in finance.

  The accounting and finance module is designed to teach you key areas of accounting and finance that every modern and successful manager should be aware of.

• Principles of Marketing and Strategy

  This module will assist you in developing a strong foundation in strategy and marketing relevant to your future career in management. The module will make it possible for you to appreciate the complexity of strategic decision making and apreciate the role of strategy in achieving superior firm performance.

  You'll also develop strategy analysis skills which can be applied across management disciplines (environment, industry and organisation) and comment on the strategy of an organisation and its competitive process.

  Strategy is taught first in order to enable you to apply the acquired skillset to the subsequent marketing content.

• Managing ESG

  Environmental, Social and Governance (ESG) investment is by now a mainstream approach to financial investment, and it is estimated that a third of global assets under management ($53 trillion) will be managed with ESG criteria by 2025.

  The module has two key objectives.  The first is to provide a working knowledge of ESG, from a management, financial and societal perspective.  The second is to offer the opportunity to learn these concepts through the case method.  Emphasis is hands-on learning supported by theory.

• Quantitative Methods for Business

  This module introduces some principal quantitative methods for analysing data related to various aspects of running a business.

  In many instances, the application of quantitative methods may improve the quality of business decisions, by grounding those decisions in analyses of available data rather than the gut feelings or preferences of decision makers.

Compulsory modules:

In this term we transfer significant curriculum content choice to students which will increase not only your satisfaction with the course but also develop your potential, as course content can be tailored to your personal interests and career aims.

• Business & Managerial Economics

  This module provides you with an understanding and practical knowledge of economics.  The course assumes no background in economics, covers basic microeconomic and macroeconomic theory, and concentrates on the application of that theory and on the making and analysis of economic policy.

  Managerial economics is a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis, correlation and calculus.

  The module integrates many concepts from financial economics, game theory, business forecasting and industrial economics.

• Research Methods for Business

  This module provides a set of analytical and methodological tools that will be fundamental for carrying out research projects based on empirical data.

  Managers, consultants, analysts, bankers, entrepreneurs, all face the issue of how to draw reliable conclusions from empirical data e.g. data on customers, competitors, geographical areas, etc.

  Any business needs research and, to be successful, any business needs methodologically sound and rigorous research.

Plus two electives from the following:

• Advanced Strategy Analysis

  This course asks why some firms are more successful than others and explores what corporate executives can do to enable superior results.

  This course revolves around two advanced topics in strategic management: a) knowledge and innovation and b) corporate strategy.

• Entrepreneurship

  The main aim of this module is to provide an understanding of the basic and essential issues in entrepreneurship and to provide some of the skills you will need to become an entrepreneur or to act entrepreneurially within existing organisational settings.

  This is an integrative module addressing both the theoretical and practical issues of entrepreneurship.

  The module will start with a general view over the latest theoretical approach to entrepreneurship. It will then move on to the more practical issues in entrepreneurship: identifying the opportunity, gathering the resources and the team.

  In this respect, we will be developing a business idea using the business model canvas and we will practice on how to pitch to investors.

• International Finance

  Business executives cannot ignore the international dimension in finance.

  A proper understanding of the fundamental issues behind international trade, international capital flows, the rise to prominence of the multinational corporation, and international debt (including balance of payments debt) has important bearings on business decisions.

  This module aims to allow you to get a solid grasp of the following topics:

  • International trade and the multinational corporation
  • The global FX and derivatives markets
  • FX risk and currency exposure
  • Use of derivatives and cash market hedges to mitigate FX exposure
  • International loans and bond issues
  • Swap-driven financing
  • Natural and real hedges and other strategies to mitigate long-term operating risks.

• Supply Chain Management

  This module is a combined version of operations management (OM) and supply chain management (SCM) modules with more emphasis on analytical skills.

  In any industry, managing process, operations and supply chain is one of the most important tasks of a modern enterprise.

  Therefore, having a thorough understanding of these two areas is critical to your success in your MSc in Management.

  The aim of this module is to provide you with a postgraduate level understanding of the key topics of OM and SCM

• Leading Organisations in the Digital Age

  The module offers an overview of key topics in organizational behaviour including leadership, change management, organizational culture, organizational design, and work and employment, including virtual and remote work, with an eye towards preparing future leaders for the digital age.

Option 1: You will take a General Research Project  worth 30 credits and three specialist electives

Option 2: You will take a Research Project (dissertation) worth 60 credits designed as a capstone to your core learning with in depth critical thinking and analysis of a topic of your choice, agreed with your supervisor.

• Research Project

  Any business needs research and, to be successful, any business needs methodologically sound and rigorous research.

  This module allows you to demonstrate, on an individual basis, your ability to integrate and apply concepts and techniques you have learned in an in-depth study of a topic of your choice, and to organise your findings in a report.

  All conducted within a given time limit.

  The aim of the project is to enable you to demonstrate the results of your learning; there is no single prescribed method and any reasonable proposal is acceptable providing that it is agreed with the project supervisor and the course director.

• General Research Project

  Any business needs key research and professional skills and, to be successful, methodologically sound and rigorous research. This module allows you to demonstrate your ability to integrate and apply concepts and techniques you have learned in an in-depth study of a topic of your choice. This module will enable you to demonstrate the results of your learning through the development of a final project. There is no single prescribed method.  For example, you may choose to complete more traditional academic desk research, complete a business plan, or carry out a consultancy project.

Elective modules:

• Consulting Project

  In this module you will utilise use skills and knowledge gained during the first two terms in order to carry out a consulting project for a company selected by Bayes.

  At the start of the term groups of 5/6 students are each assigned to a particular company, which becomes your client. An executive from your client will brief you about the real-life business issue or opportunity that you should be addressing. If requested by the client you will also sign a non-disclosure agreement.

  Each group is also followed by a faculty coach.

  You will negotiate terms of engagement with the client executive and create and agree a project plan. In this plan you will research the assigned business issue or opportunity over a period of about six weeks, meeting up with your client at agreed times. You will recommend a solution and create a pragmatic implementation plan. You will then be asked to present your findings in a final workshop to your client and your peers.

  Read about student successes from participating in the Consulting Project module.

  Download the brochure (for organisations interested in being clients for one of the Consulting Projects)

• Global Strategy

  The purpose of this course is to expand your global mindset and provide you with theories, knowledge and practical tools that you can use to achieve success in the global business environment.

  To this end the course touches upon important topics such as global strategy execution, cross-cultural communication and learning, the challenges of managing projects across the varied customs and practices of the world, and the development of internationally sophisticated employees, teams and managers.

  Special focus is placed on how employees with a global mindset can effectively execute the international strategies of the firm, guided by an awareness of cross- cultural differences.

  The last part of the course focuses particularly on the challenge of managing culturally diverse teams, introducing you to the nuances of various cultures but also presenting you with tools to explore and leverage culture.

• Practicing Management in the Digital Age

  This module builds heavily on the preceding core modules and explicitly complements them. It is organised around seminar presentations by eminent practitioners.

  The themes chosen will vary from year to year given the nature of the course, but the aim is to select areas that are both topical and problematic, with some preference for emerging themes rather than ones that are the recent "hot topics".

• Organisational Behaviour & HRM

Electives offered in 2023

• Country & Geopolitical Risk Management
• Driving Supply Chain Innovation through Technology
• Family Business
• Global Real Estate Markets
• New Market Creation
• Project Finance and Infrastructure Investment
• Retail Supply Chain Management
• Storytelling for Business
• Strategy Consulting

International electives

• Corporate Open Innovation (taught in Milan, Italy)
• Monetary Policy (taught in Singapore)
• Procurement (taught in Mannheim, Germany).

Please note that electives are subject to change and availability.