Why study for an MRes in Finance?
The MRes is a one-year full-time Masters degree intended for students who are planning to become academic researchers or consultants, and who would benefit from structured preparation for their PhD studies, or who are 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 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.
How does the MRes in Finance differ from the MSc Finance programme?
View MRes Finance programme structure here.
The taught element of the MRes is based on the MSc in Finance programme during Michaelmas Term. However, during Lent Term and alongside optional advanced modules, it also incorporates a specialised module on research skills, essential to successful PhD study in accounting and finance. Finally, during Summer Term, MRes students are required to produce a dissertation that will typically take the form of a PhD research proposal, that enables a smooth transition from the MRes to doctoral study.
Because of the unique structure of the MRes in Finance, we are able to offer transfer opportunities for our own MSc students to join the MRes programme after Michaelmas Term, 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.
Progressing to Doctoral Research programmes
Students who achieve distinction standard (i.e. 70% or more) both for the MRes overall and the dissertation element will be allowed to register as PhD students the following year.
MRes in Finance: fees for 2013/14
UK or EU students: £15,000 (GBP)
Non-EU students: £19,000 (GBP)
More information is available on funding opportunities for MRes and doctoral study.
Each year the Department of Accounting and Finance funds a competitive fee bursary scheme, to which MRes applicants may also apply. We also fund a generous PhD scholarship competition, which includes fee bursary and a living allowance of approx. GBP 13-16k. If you wish to find out more about funding opportunities, both for MRes and PhD study, please contact the Department directly.
Admissions criteria for MRes in Finance
Entry requirements for the MRes in Finance are as for the MSc in Finance programme, although (where required for overseas applicants) a higher GMAT score of 650+ will be sought. We will also take into account an applicant's potential for excellence in research and potential for progression to successful doctoral level study. Therefore, offers for MRes study are typically made following the advice of the Department's Directors of PhD Study.