The Department offers two MRes degrees: MRes Accounting and Financial Management and MRes Finance.
The MRes is a twelve-month postgraduate programme aimed at those who wish to proceed subsequently to doctoral studies.
MRes (Master of Research)
The MRes is a one-year full-time Masters degree intended for students who are planning to become academic researchers or industry consultants. Such students may benefit from structured preparation for their PhD studies or may be required to complete a research training programme as part of their doctoral studies. The programme is suitable both for students who are hoping to continue their doctoral study at Lancaster and those who decide to complete their PhD at another university.
The MRes covers all the methodology for the first year of a MPhil/PhD programme and has two purposes:
1. to provide intending PhD students with a better grounding in a specialist subject area
2. to provide intending PhD students with the qualitative and quantitative research skills they will need in order to undertake their research
The taught course element of the MRes programme is based on the corresponding MSc programme, but also includes assessed study of advanced research methods.
MRes candidates are also expected to produce a dissertation that will normally take the form of a PhD proposal that enables a smooth transition from the MRes to PhD study. As agreed beforehand, students who achieve a prescribed required standard, both for the MRes overall and the dissertation element, would be allowed to register as PhD students in the following year.
Because of the unique structure of the MRes programmes in Finance and Accounting and Financial Management, we are able to offer transfer opportunities for our own MSc students to join the MRes programme after Term 1, provided that they have attained sufficiently excellent results. Such transfers are always subject to the approval of the Director(s) of Study in the Department.
Entry requirements for the MRes degrees are as for the MSc degrees, although (where required for overseas applicants) a higher GMAT score of 650+ would be sought. We will also take into account an applicant's potential for excellence in research and progression to successful doctoral level study. Therefore, offers for admission are subject to review by the Directors of PhD Study in the Department.
Each year the Department of Accounting and Finance funds a competitive fee scholarship competition which is open to MRes applicants. We also fund a generous PhD scholarship competition, which includes fee bursary and a living allowance of approximately £13-26k. For both competitions there is no formal application to complete, as all applications are automatially considered. If you wish to find out more about our Departmental funding, for MRes study please contact the LUMS Admissions Office and for PhD study, please contact the Department directly.