BSc (Hons) Management with Trusts and Estates

1BSc (HONS)MANAGEMENTWITH TRUSTS AND ESTATESOriginal Thinking Applied

01BSc (Hons) Managementwith Trusts and EstatesA new part-time degree for trusts and estates professionals is nowavailable from Manchester Business School in collaboration withthe School of Law at The University of Manchester.Manchester Business School providesworld-class business and managementeducation and is an international,progressive School delivering andapplying original business thinking andteaching.Developed in partnership with CentralLaw Training International, this uniquecourse will enable you to build upon yourexisting professional qualifications andknowledge in this specialist area, whiledeveloping your management knowledgeand practical skills.Key features• Learn from internationally acclaimedteaching staff• Study part-time over two yearsto fit around work and personalcommitments• Workshops and examinations deliveredat weekends• Taught via blended learning – acombination of self study led bytailored study guides, e-learning andface-to-face weekend workshops.Key benefits• Internationally recognised academicqualification demonstrating excellencein your subject area• Enhances knowledge of coremanagement transferable skills• Broadened capabilities and potentialfor career progression• Workshops provide the opportunityto network with academics and fellowprofessionals.THIS UNIQUE COURSE WILLENABLE YOU TO BUILD UPONYOUR EXISTING PROFESSIONALQUALIFICATIONS AND KNOWLEDGEIN THIS SPECIALIST AREA.

02Course UnitsYou will study the following compulsorycourse units over the two yearsMarketing Management(15 credits)This unit deals with the role of marketing, howit fits into the management of an organisationand how it interacts with other functionswithin an organisation.The course consists of ten topics:Manchester Business School provides worldclassbusiness and management education• Introduction to Marketing• Market Researchand is an international, progressive School• Segmentation, Targeting and Positioningdelivering and applying original business• Product and Branding Decisionsthinking and teaching.• Services Marketing• Marketing CommunicationsDeveloped in partnership with Central Law• Business-to-Business MarketingTraining International, this unique course• Service Quality and Customer Satisfactionwill enable you to build upon your existing• Relationship Marketingprofessional qualifications and knowledge• Putting it all Together with a Marketing Plan.in this specialist area, while developing yourmanagement knowledge and practical skills.Strategic Management(15 credits)This unit is concerned with the goals anddirection of companies: their strategic prioritiesand how they can achieve them. It analysesstrategy according to the external opportunitiesand challenges facing a company and accordingto its internal resources.Key featuresIt will include contributions from stakeholder• Learn from internationally acclaimedtheory and complexity theory and cover issuesteaching staffsuch as globalisation, sustainability, innovation,• Study part-time over two years to fit arounddigital technology, business transformationwork and personal commitmentsand corporate social responsibility.• Workshops and examinations delivered atweekendsThe course will cover four main topics:• Taught via blended learning – a combinationof self study led by tailored study guides,• The factors shaping the contemporarye-learning and face-to-face weekendbusiness environmentworkshops.• The resources and capabilities oforganisations• The alignment of organisations with theirexternal environment• The implementation of strategic change.People Management andOrganisations (15 credits)People Management and Organisationsintroduces a range of concepts andframeworks that have been developed forunderstanding individual and group behaviourin organisations and which can be used to helpanalyse and respond to organisational andmanagement problems.Key benefits• Internationally recognised academicThe course will consist of ten topics:qualification demonstrating excellence inyour subject area• Understanding Organisational BehaviourEnhances knowledge of core management• Individuals and Organisationstransferable skills• Motivation and CommitmentBroadened capabilities and potential for• Groups and Teamscareer progression• Leadership and ManagementWorkshops provide the opportunity• Power and Conflict in Organisationsto network with academics and fellow• Perspectives on Work Organisation and Jobprofessionals.Design• Structures of Organisations• Organisational Culture• Managing Organisational Change.Management InformationSystems (15 credits)This unit aims to foster an understanding ofInformation Communication Technologies(ICT), the processes of technical innovation,how these processes and technologies areshaped, and how they impact on individuals,organisations and markets. The study isinterdisciplinary and draws on literaturefrom business and management, informationsystems and social science.The course has three themes:• Key concepts of information systems and thechallenges entailed in developing,implementing and adopting informationsystems. This ranges from in-house, bespokesystems to off-the-shelf packages.• The changing nature of work for an ICTprofessional. This will link to changingbusiness models and markets withinthe ICT industry.• The impact of information systems onorganisations and working life, includingthe uptake of digital technology intodomestic spheres.

03Course UnitsYou will study the following compulsorycourse units over the two yearsAccounting (15 credits)This unit covers aspects of both financial andmanagement accounting. Financial accountingdeals with understanding the content andusefulness of financial reports published bycompanies. This includes the basic principles offinancial accounts preparation and how to readand analyse financial statements for decisionManchester making purposes. Business Management School provides accounting worldclassdeals business with how and important management business education decisionsand are made; is an international, i.e. how to price progressive products and School services,delivering how capital and investment applying decisions original business are made, howthinking budgets are and constructed teaching. and how performanceis measured and controlled.Developed in partnership with Central LawTraining The course International, will cover: this unique coursewill • Financial enable you accounting to build - upon including your examinationexistingprofessional the format qualifications and layout and of the knowledge mainin financial this specialist statements area, while (balance developing sheet, income yourmanagement statement, cash knowledge flow statement) and practical and skills. howthey link together• Management accounting - including anoverview of various costing methods• Creative accounting; analysing the quality offinancial statements and detecting red flags;performance measurement and strategicmanagement accounting.Tax and Estate Planning(30 credits)This unit comprises two distinct components:Part I - International Financial Planning Toolsand StructuresThis part provides the theoretical andpractical foundations underpinning theprinciple Key features financial planning tools needed toidentify • Learn from and manage internationally the opportunities, acclaimed issuesand teaching ramifications staff of complex, cross border andinternational • Study part-time estates over relating two years to inherited to fit around andbusiness-generated work and personal wealth. commitments• Workshops and examinations delivered atThe weekends course will cover:• Principles Taught via and blended underlying learning concepts – a combination of wealthplanning of self study tools, led including: by tailored study guides,- e-learning Trusts, foundations, and face-to-face corporate weekend structures,insurance workshops. and investment structures• Utilisation of wealth planning tools: legaland regulatory implications. Generationalplanning across borders, including basicprinciples of wills and intestacy.• Cross jurisdictional concepts; domicile,nationality, residence• Confidentiality, bank secrecy and legalprivilege.Part II - International TaxationThis part provides an overview of theprinciples and policies that underpininternational taxation. The course unit focuseson selected international tax problemsof contemporary significance and globalapplications to financial planning toolsincluding the use and application of multi andbi-lateral treaties affecting wealth structures.Key benefits• The Internationally course will cover: recognised academic• qualification The public international demonstrating law of excellence taxationin• your The problem subject area of double taxation• Contemporary Enhances knowledge issues, of for core example, management harmfultransferable international skills tax competition - OECD and EU• initiatives. Broadened Relationship capabilities and between potential trade for andcareer taxation progression in the context of the WTO.• Regional Workshops tax provide harmonisation the opportunity issues,to particularly network with in the academics EU and fellow• professionals.Outline international tax planningmethods, for example, transfer pricing,treaty shopping, tax havens.Finance (15 credits)The Finance unit covers topics in the areas ofcorporate finance and international finance. Itintroduces concepts of modern finance theory,including aspects of capital budgeting, and theuse of present value and real options methodsto evaluate investment decisions. It also coverstheories related to firm transactions in foreignmarkets, including foreign exchange risk.The course will cover:• Introduction to modern finance theory andpractice- The time value of money- Investment decision rules- Basic capital budgeting- Valuing stocks and bonds• Capital markets and the pricing of risk- The cost of capital- Capital market efficiency and investorbehaviour• Firm capital structure- Firm capital structure in a perfect market- The effect of debt and taxes on the capitalstructure of the firm- Firm payout policy• Firm short- and long-term financing- Equity and debt financing- The payout policy and firm value• International finance.

04Essential FactsBSc (Hons) Management with Trusts and EstatesHow is the course taught?The course is taught via blended learning.Study hours are 100-150 hours per course unit.What is the method of assessment?Assessment is based on a combination ofcoursework assignments and examinations.Where are the workshops and examinationsheld?Each 15-credit course unit includes a weekendlongworkshop taught by Manchester BusinessSchool academics. There will be eight weekendworkshops and four examination days in totalover the two years. These are delivered in fourregional study centres; London, Jersey, Guernseyand the Isle of Man (subject to sufficient numbers).Who should apply?If you wish to continue to develop your professionalskills in your core discipline and enhance yourmanagement skills, this course is for you.It will advantage practitioners from the fieldof trusts and estates and others working in thearea of wealth structuring and the stewardshipof assets across generations.Typically, individuals from the followingjob roles would benefit: lawyers, trustprofessionals, wealth planners, financialplanners, private client executives, probatemanagers or tax managers.Admissions requirementsThis is a prestigious course demandingdemonstrable competence.Applicants will need to possess:i) STEP Diploma in International TrustManagement orSTEP Diploma for England and Wales(Trusts and Estates) andii) 3 years work experience in a relevant field.All students are expected to have a good levelof written and spoken English.FeesIf you are self-funding, payment can bemade by instalments.When does the course start? September.When is the application deadline?The deadline for applications for ntake is 30th June.Manchester Business SchoolManchester Business School is part of TheUniversity of Manchester, which has a richacademic heritage and can lay claim to 25Nobel Laureates amongst its current andformer staff and students. The School has40,000 alumni based in over 160 countries,many of whom hold senior positionsin industry, government and the arts.Manchester Business School believes that tobe the best, you have to learn from the best.We therefore attract some of the world’s mostinfluential business leaders, and have strongpartnerships with CEOs and representativesfrom a wide variety of global businesses.Central Law Training International (CLTI) andthe Society of Trust and Estate Practitioners(STEP)STEP is the lead professional body for thetrust and estate industry throughout theworld. CLTI is the training provider of coursesleading to the STEP Certificates and Diplomas,operating in over 30 countries. CLTI and STEPhave been working together since 1998 and inthat period over 10,000 students globally havecompleted STEP/CLTI training programmesand qualifications.Manchester Business School and CLTI/STEPCollaborationManchester Business School has workedwith CLTI/STEP for many years under aquality assured educational partnership. AllSTEP International Diploma programmesare offered in association with ManchesterBusiness School and many thousands ofdelegates have graduated over the years intrust and estates administration and planning.Developed in partnership with:Society of Trust andEstate Practitioners

For further information about thiscourse including the applicationform and course timetable visitgo.mbs.ac.uk/manwtePhone: +44(0) 161 275 7263Original Thinking Applied