Accounting and Finance undergraduates

Undergraduate study in Accounting and Finance

Gain the vital skills to succeed in the complex world of accounting and finance.

About Accounting and Finance at Lancaster

Accounting and Finance offers some of the most stimulating and highly paid career opportunities in business, so it is no surprise that degrees in this area attract some of the most talented and ambitious students. Our aim at LUMS is to ensure that you are fully equipped to succeed in these exciting areas.

Our international reputation as one of Europe's premier centres for accounting and finance combines with expert teaching, excellent resources and a fantastic campus experience. So whichever degree you choose, you will be guaranteed a challenging and rewarding educational experience that is second to none.

The Benefits

3rd

We're ranked 7th in the UK by the 

Times and Sunday Times

Good University Guide 2019


Our expert faculty is lead by specialists at the forefront of their discipline.


Flexibility and module choices to tailor your studies to your interests.


Dedicated careers support with sector specialists to give you a competitive edge.


State-of-the-art facilities, resources and tools to enhance your learning.


Exemptions from professional accounting exams to fast-track your career.

Undergraduate Courses

We offer a range of courses to provide you with the tools to secure a successful career in accounting and finance.

Fitch Scholarships

Fitch Ratings are offering a unique opportunity consisting of a one year finance placement and a £5k scholarship opportunity for up to 5 students on the undergraduate industry degrees in the Department of Accounting and Finance. Top performing students will be selected to work at Fitch gaining incredibly valuable work experience and giving them a fantastic springboard into a global financial organisation, as well as £5k to support their studies.

Fitch Ratings is one arm of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is also comprised of Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst.

For more information about this placement and scholarship opportunity, please contact Dr Catherine Salzedo in the Department of Accounting and Finance.

Fitch Ratings

Degree Flexibility

Our degrees are designed to help you switch the focus of your studies as your interests develop. We understand that committing yourself to a particular degree when you haven't studied it before is a big decision, so your first year, known as Part I, doesn't count towards your final degree. At the end of this year, you will have experienced different subjects which will help you to make a clearer decision about what you want to study for the rest of your degree, known as Part II.

Sony Placement

Placements in Industry

Studying Accounting and Finance isn't just about the theory, so many of our courses include a work placement to immerse you in the realities of business life. A placement in industry is a great way to put all your learning into practice, and gain extra skills and professional experience to give you an edge in the graduate job market. It's often regarded as the most memorable, exciting and fulfilling part of our students' degrees and is a great way to discover which direction you want to take your career.

Our industry degree courses include a twelve-month placement taking place in your third year. Equipped with two years' of study, and a dedicated careers skills module to prepare you for the workplace, you will take on a responsible job within an organisation, supported throughout by your supervisor at Lancaster. On completion, you'll bring all your insights back into your studies for your final year, including a dissertation where you'll explore an aspect of your placement experience.

Every year LUMS attracts placements with a large range of leading local, national and multinational employers such as KPMG, Deloitte, PwC and more, so competition for places is fierce. We're here to support you through all stages of the application process, to maximise your chances of securing your chosen position. Find out more about our placement opportunities.

Careers

Preparing you for the jobs market is central to everything we do, so you'll begin to explore your career options right from the start of your studies. 

Careers Skills

From the start of your studies, you'll begin building the key skills you'll need to succeed and we'll help you to identify potential career options which might suit you best, along with a clear strategy to help you get there. You will study a series of specialist careers modules to learn key employability skills throughout your course, as well as developing practical skills and industry insights through academic modules tailored closely to industry demands. All of our degree programmes offer an industry placement variant, where you can choose to spend an extra year acquiring valuable on-the-job experience with a leading organisation. 

Specialist Employability Modules

We run two compulsory modules focused on developing key employability skills to help you achieve success in your future career:

  • Professional Skills
  • Careers Skills in Accounting and Finance 

Personalised Careers Guidance

The LUMS careers team offers personalised advice, guidance and coaching to guide you through all stages of your career planning from shaping your initial ideas, to assessment centre and interview training. If you've set your sights on a job in the City, our specialist careers coach can provide unique insight and guidance throughout the competitive recruitment process.

Events and Networking

Every year the LUMS careers team provides a packed programme of events including campus visits by major employers, careers fairs and skills-based workshops. There are extra opportunities to enhance your skills, such as the Lancaster Award - an excellent way to provide tangible evidence of your achievements to potential empployers.

Careers in Accounting

Accounting and Finance is often the chosen route to becoming a professional accountant, but there's actually a much broader range of career options for Accounting and Finance graduates ranging from IT consulting to management consulting.

Qualifying as a professional accountant

If you choose to pursue a career as a professional accountant, you'll need to gain work experience with an accounting firm after you graduate, and pass a series of exams set by one of the four professional accountancy bodies. This is the standard process, and applies to all graduates regardless of the degree subject studied - it's one of the reasons that the accounting professional boasts members drawn from such a wide range of disciplinary backgrounds. The four major professional accountancy bodies are:

Accounting Firms

Professional accounting firms are grouped into three broad areas, each offering different rewards and benefits. Larger firms usually offer the more generous financial rewards, better study support and a wider range of post-qualification career opportunities whilst smaller firms normally have a more personable and relaxed working environment. Choosing the right organisation for you will depend on several factors including your degree result, personality, career aspirations, location and lifestyle.

  • Multinational Professional Service Firms - the biggest names in accounting: Deloitte, EY, KPMG and PwC.
  • Second-Tier Professional Service Firms - Not quite the biggest, but these firms command a significant national and international presence and include BDO, Grant Thornton and Mazars.
  • Regional Accountancy Practices - Ranging from sole practitioners to large partnerships, these firms provide services to thousands of smaller businesses who play a crucial role in the UK economy.

Application Process

The procedures can vary from firm to firm, but most of the large firms use the following selection methods:

  • Stage One - Online Application Form: This covers your personal details, preferred specialism and geographic location. Accuracy is key at this initial stage, so our careers support can ensure you complete this correctly.
  • Stage Two - Psychometric Tests: Under a time limit, you'll complete a series of questions to assess your verbal reasoning and numeric skills. Preparation is key to success at this stage, so our career service offers a practical question tool to help you refine your skills.
  • Stage Three - Assessment Centre Workshop: Normally conducted at the firm, you'll complete a series of activities such as presentations, team exercises and a partner interview to evaluate your personal characteristics. 

Careers in Finance

The financial sector includes a range of highly desirable career pathways, which is why many of our students aspire to work in this area. As the rewards are high, the competition for graduate jobs is fierce so achieving a competitive edge is crucial to your success. Our dedicated approach to financial careers support is designed to provide you with relevant insight, specialist expertise and knowledge of hiring practices to help your secure your dream career. 

Specialist careers coaching

Standing out in the competitive financial sector requires a deep understanding of the organisations that operate within it. That's why we've partnered with a financial careers coach, Paul McCormick, who has more than 30 years' experience at several leading investment banks and financial technology institutions including Morgan Stanley, JP Morgan, Barclays and Thomson Reuters.

Together, we've created a unique package of specialist financial careers support that sets LUMS apart from other institutions, with an excellent track record for helping LUMS students secure placements, internships and graduate programmes with Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch, Barclays, Thomson Reuters, Bloomberg and many more.

Our support includes:

  • Access to the LUMS Financial Career Insight Series
  • Personalised advice on sector, company and roles
  • CV and cover letter development, tailored to the "City"
  • Application review
  • Company and sector insight to explain reasons for choice at interview
  • Insight into financial industry trends and challenges
  • Mock interviews and assessment centre preparation based on current hiring practices and interview techniques used by financial firms today.

 What our students say

"Opening City Doors and Paul McCormick helped me prepare for every step of the recruitment process but most importantly made me realise what employers really look for. Paul McCormick is a markets professional and that makes the difference." Konstantina Kalantzi, MSc Advanced Financial Analysis

“What differentiates Paul from other career coaches is his extensive market knowledge. He knows the industry inside-out and is an excellent teacher who’s always happy to answer any of your queries however urgent they may be. I managed to secure an internship in a tier 1 financial institution and all the credit for it goes to Mr McCormick. I am very lucky to have been working with him and I will always value his advice”.  Dominika Stylinska, Accounting & Finance

 

  • Careers Skills

    Careers Skills

    From the start of your studies, you'll begin building the key skills you'll need to succeed and we'll help you to identify potential career options which might suit you best, along with a clear strategy to help you get there. You will study a series of specialist careers modules to learn key employability skills throughout your course, as well as developing practical skills and industry insights through academic modules tailored closely to industry demands. All of our degree programmes offer an industry placement variant, where you can choose to spend an extra year acquiring valuable on-the-job experience with a leading organisation. 

    Specialist Employability Modules

    We run two compulsory modules focused on developing key employability skills to help you achieve success in your future career:

    • Professional Skills
    • Careers Skills in Accounting and Finance 

    Personalised Careers Guidance

    The LUMS careers team offers personalised advice, guidance and coaching to guide you through all stages of your career planning from shaping your initial ideas, to assessment centre and interview training. If you've set your sights on a job in the City, our specialist careers coach can provide unique insight and guidance throughout the competitive recruitment process.

    Events and Networking

    Every year the LUMS careers team provides a packed programme of events including campus visits by major employers, careers fairs and skills-based workshops. There are extra opportunities to enhance your skills, such as the Lancaster Award - an excellent way to provide tangible evidence of your achievements to potential empployers.

  • Careers in Accounting

    Careers in Accounting

    Accounting and Finance is often the chosen route to becoming a professional accountant, but there's actually a much broader range of career options for Accounting and Finance graduates ranging from IT consulting to management consulting.

    Qualifying as a professional accountant

    If you choose to pursue a career as a professional accountant, you'll need to gain work experience with an accounting firm after you graduate, and pass a series of exams set by one of the four professional accountancy bodies. This is the standard process, and applies to all graduates regardless of the degree subject studied - it's one of the reasons that the accounting professional boasts members drawn from such a wide range of disciplinary backgrounds. The four major professional accountancy bodies are:

    Accounting Firms

    Professional accounting firms are grouped into three broad areas, each offering different rewards and benefits. Larger firms usually offer the more generous financial rewards, better study support and a wider range of post-qualification career opportunities whilst smaller firms normally have a more personable and relaxed working environment. Choosing the right organisation for you will depend on several factors including your degree result, personality, career aspirations, location and lifestyle.

    • Multinational Professional Service Firms - the biggest names in accounting: Deloitte, EY, KPMG and PwC.
    • Second-Tier Professional Service Firms - Not quite the biggest, but these firms command a significant national and international presence and include BDO, Grant Thornton and Mazars.
    • Regional Accountancy Practices - Ranging from sole practitioners to large partnerships, these firms provide services to thousands of smaller businesses who play a crucial role in the UK economy.

    Application Process

    The procedures can vary from firm to firm, but most of the large firms use the following selection methods:

    • Stage One - Online Application Form: This covers your personal details, preferred specialism and geographic location. Accuracy is key at this initial stage, so our careers support can ensure you complete this correctly.
    • Stage Two - Psychometric Tests: Under a time limit, you'll complete a series of questions to assess your verbal reasoning and numeric skills. Preparation is key to success at this stage, so our career service offers a practical question tool to help you refine your skills.
    • Stage Three - Assessment Centre Workshop: Normally conducted at the firm, you'll complete a series of activities such as presentations, team exercises and a partner interview to evaluate your personal characteristics. 
  • Careers in Finance

    Careers in Finance

    The financial sector includes a range of highly desirable career pathways, which is why many of our students aspire to work in this area. As the rewards are high, the competition for graduate jobs is fierce so achieving a competitive edge is crucial to your success. Our dedicated approach to financial careers support is designed to provide you with relevant insight, specialist expertise and knowledge of hiring practices to help your secure your dream career. 

    Specialist careers coaching

    Standing out in the competitive financial sector requires a deep understanding of the organisations that operate within it. That's why we've partnered with a financial careers coach, Paul McCormick, who has more than 30 years' experience at several leading investment banks and financial technology institutions including Morgan Stanley, JP Morgan, Barclays and Thomson Reuters.

    Together, we've created a unique package of specialist financial careers support that sets LUMS apart from other institutions, with an excellent track record for helping LUMS students secure placements, internships and graduate programmes with Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch, Barclays, Thomson Reuters, Bloomberg and many more.

    Our support includes:

    • Access to the LUMS Financial Career Insight Series
    • Personalised advice on sector, company and roles
    • CV and cover letter development, tailored to the "City"
    • Application review
    • Company and sector insight to explain reasons for choice at interview
    • Insight into financial industry trends and challenges
    • Mock interviews and assessment centre preparation based on current hiring practices and interview techniques used by financial firms today.

     What our students say

    "Opening City Doors and Paul McCormick helped me prepare for every step of the recruitment process but most importantly made me realise what employers really look for. Paul McCormick is a markets professional and that makes the difference." Konstantina Kalantzi, MSc Advanced Financial Analysis

    “What differentiates Paul from other career coaches is his extensive market knowledge. He knows the industry inside-out and is an excellent teacher who’s always happy to answer any of your queries however urgent they may be. I managed to secure an internship in a tier 1 financial institution and all the credit for it goes to Mr McCormick. I am very lucky to have been working with him and I will always value his advice”.  Dominika Stylinska, Accounting & Finance

     

Accreditation

If you're planning to qualify as an accountant, our exemptions from professional accounting exams for specific modules will fast-track your career journey, giving you more time to focus on developing your expertise. Visit our partners below to find out more.

  • Professional Exam Exemptions

    Many of the modules studied during an Accounting and Finance degree will help you gain exemptions from your professional accounting exams. For those interested in qualifying as accountants, this will mean far fewer exams to take when you are working and will give you more time to become an expert at work. 

    Studying Accounting and Finance will give you exemptions from some exams for all the main accounting bodies (ICAEW, ICAS, ACCA and CIMA). For those wanting to qualify with the ICAEW (to get the ACA qualification), exemption is for all 6 of the first (certificate) stage and for Financial Management at the second (professional) stage exam.  For those interested in ACCA, exemptions are available for up to 5 of the 9 Fundamentals papers.

    Our degrees give you far more than just exemptions from professional exams. You will develop a broader understanding of business and be able to choose options which help develop your knowledge and expertise. This means that for those who want to become professional accountants, they will also have a wider range of skills as well as great technical knowledge. We know this because our students go on to get great jobs with top firms.

    Accounting body

    ICAEW

    ACCA

    CIMA (to 2018)

    ICAS

    CPA Australia

    Lancaster degree

     

     

     

     

     

    BSc (Hons.) in Accounting and Finance

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F1 to F4*

     

    F5, F7 and F9**

    All certificate level**

    P1 and F1 at Operational level*

    P2 and F2 at Management level*

    Test of competence: Financial accounting, business management, business law, auditing and finance*

    All foundation level**

    BSc (Hons.) in Accounting and Management Studies

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F1 to F3*

     

    F4, F5, F7 and F9**

    All certificate level**

    P1 and F1 at Operational level*

    P2 and F2 at Management level*

    Test of competence: Financial accounting, business management, auditing and finance*

    N/A

    BSc (Hons.) in Accounting and Economics

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F1 to F3*

     

    F5, F7 and F9**

    All certificate level**

    P1 and F1 at Operational level*

    P2 and F2 at Management level*

    Test of competence: Financial accounting, business management, auditing and finance*

    N/A

    BSc (Hons.) in Accounting, Finance and Mathematics

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F1 to F3*

     

    F5, F7 and F9**

    All certificate level**

    P1 and F1 at Operational level*

    P2 and F2 at Management level*

    Test of competence: Financial accounting, business management, auditing and finance*

    N/A

    BSc (Hons.) in Finance

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F1 to F3**

     

    All certificate level**

     

    Test of competence: Financial accounting, business management, auditing and finance*

    N/A

    BSc (Hons.) in Finance and Economics

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F1 to F3**

     

    All certificate level**

     

    Test of competence: Finance*

    N/A

    BSc (Hons.) in Financial Mathematics

     

    Accreditation for all of Certificate level and Financial Management at Professional level*

    F3**

     

    All certificate level**

     

    N/A

    N/A

    **Accreditation available on completion of the degree

    *Accreditation available dependent on specific modules taken.

    NB: all accreditations cover the industry (4 year) version of the degree as well.

Student Profiles