Bradford, UK United Kingdom (PressExposure) August 31, 2012 -- Bradford University School of Management has added a new degree programme to its suite of Finance degrees that includes the specialist MSc in Finance and Accounting [http://www.bradford.ac.uk/management/programmes/masters/management/finance-accounting-and-management].
The Financial Planning degree, designed in partnership with Bradford University School of Management and the Yorkshire IFA Forum (YIFAF) is unique in the UK in the way it raises qualification standards in the IFA profession.
Leading professionals in the region formed YIFAF as a networking association to tackle some of the key challenges facing the sector, such as the need to encourage talented graduates to train as IFAs.
Input from Forum members and expertise from the School's former Head of Accounting and Finance Group, Prof Mark Freeman and Senior Lecturer in Accounting, Dr Musa Mangena has resulted in a bespoke, four-year degree for IFAs with a guaranteed placement in the third year. The first intake of students started in September 2010. The School now runs two undergraduate programmes in finance and accounting and two postgraduate, including the MSc in Finance and Accounting.
Prof Mark Freeman says: "This is a changing profession and new rules brought in by the Financial Services Authority mean UK advisers practising after 2012 need to meet tough minimum qualification standards. Our first intake of students not only exceed the minimum educational requirement - they will also have the essential work placement experience that employers need."
Prof Freeman sits on the Board of YIFAF and explored other opportunities for the School and Forum to work together, through mentoring, executive education for directors and conversion courses to allow graduates from other disciplines to retrain as an IFA. The formation of YIFAF was recognised with an award for Initiative of the Year in the IFA Sector by Scottish Widows. The three firms responsible for bringing together IFA business in the Leeds city region are, Beaumont Robinson, Ebor Asset Management and Pearson Jones. The Forum is backed by Financial Leeds.
Chair of YIFAF, David Cubitt of Beaumont Robinson says: "The work we have done with the School of Management to raise the bar on education in the IFA sector was a major factor in our award win.
"To some extent this work has just started - we want to get more IFAs in the region to engage with and to place students. A particular challenge is to get new young talent to enter the profession. IFAs tend to be small organisations which limits the number of placements they can offer.
"For the Yorkshire sector to grow and thrive we all need to encourage more bright young people to get into business - those who succeed will be offering employment opportunities to others in the future."
The Forum has the backing of industry bodies such as the Chartered Insurers Institute and the Personal Finance Society.
Bradford University School of Management recently opened a new trading room at the School meaning that finance and accounting students can have access to real life trading data. Students on the MSc Finance and Accounting can gain the recognised Reuters Trading Certificate.
Bradford University School of Management is one of the oldest university-based business schools in the UK, offering management education at undergraduate, masters, MBA, Executive Education and PhD/DBA levels for almost 50 years. Ranked amongst the world's top business schools, we have an international staff, alumni and student body and global campus.
The School of Management's self-contained Bradford campus is set in 14 acres of parkland in a leafy suburb of the city - just a short bus ride from the main university. It features several listed historical buildings and new state-of-the-art sustainable facilities for teaching, learning and socialising, including a Trading Room which will be in place for 2012/13 students.
We are ideally located 5k from Bradford city centre, a 15 minute train ride from Leeds and an hour from Manchester. The surrounding area boasts the award-winning Lister Park, historical villages of Saltaire and Haworth and the Yorkshire Dales just a half hour drive away.
The campus is designed around the 'Ecoversity' concept, which seeks to embed principles and practice of sustainable development into teaching, learning and living. The new building features a glass atrium which maximises daylight and uses solar panels to provide water heating. Biomass boilers are used instead of the existing gas boiler to minimise the carbon element of energy use. Students, staff, businesses and others that use our facilities are encouraged to car share and make use of our ample cycle storage facilities and showers and live public transport information.
For more information http://www.bradford.ac.uk/management/programmes/masters/management/finance-accounting-and-management/ [http://www.bradford.ac.uk/management/programmes/masters/management/finance-accounting-and-management]