The MA in Leasing and Asset Finance
COMMENCES SEPTEMBER 2016
Internationally recognised postgraduate qualification
your prior learning and experience
Focus on career development,
For those who wish to develop their career in financial services
Delivered by Falmouth University in collaboration with The Leasing Foundation
Three part-time study blocks
Part-time, workplace-based learning
Modules on the leasing and asset finance industry and creativity in business
Includes residential peer-learning experience
The MA in Leasing and Asset Finance is designed and delivered in association with The Leasing Foundation, a nonprofit organization that supports the leasing and asset finance industry, and ensures that the qualification is modern and relevant to the industry.
The leasing and asset finance industry is a £750B global industry (of which Europe accounts for almost €300B and the UK €50B) that provides access to short- and medium-term financing for businesses large and small. Businesses who wish to purchase capital equipment, to lease assets, or to access finance – especially new or young enterprises without a credit track record or with limited possibilities to provide collateral – are able to access funding to operate and expand their businesses.
The industry finances a range of equipment and assets including passenger and commercial vehicles, machinery and industrial equipment, ships, aircraft, railway, and rolling stock and IT and computing equipment. Products offered by the industry include hire purchase, asset-based lending, finance and operating leases, invoice finance products, short-term rental and real estate rental – and also emerging alternative financing products, including peer-to-peer lending, that use online or mobile platforms (collectively known as FinTech).
Companies operating in the industry range from large European businesses such as Société Générale and BNP Paribas, through to specialist finance businesses and brokers that focus on specific types of assets or customers. Many of the customers who use leasing and asset finance are the smaller businesses that account for almost half of turnover in the private sector and 60% of all employment in the UK – including the 450,000 business that start up each year in the UK.
This dynamic industry is currently facing a number challenges including increased regulation by the UK’s Financial Conduct Authority (FCA), competitive pressures through new entrants to the market, tighter margins and the need to understand and implement more sophisticated technology such as cloud computing, analytics and mobile platforms. Customer expectations are also changing rapidly, with the industry’s customers now expecting faster and more efficient services, delivered online, and more flexible and innovative products to help solve their problems and finance their business.
The MA in Leasing and Asset Finance is suitable if you are already in the industry and wish to accelerate your career, or if you work in a related finance and business area and wish to enter this dynamic industry.
The MA is part-time and is is especially suitable if you work in an organisation that can facilitate and benefit from the work-related projects which form the backbone of the programme.
Exploring content delivered online using Falmouth University’s Learning Space online platform, you will be supported by academic supervisors from Falmouth University and mentors from The Leasing Foundation.
The focus of the course is on providing you with a resource for developing your career in the industry and so there is an emphasis on creativity, leadership and innovation.
The course consists of three parts. Each part contains specific modules that explore different aspects of creativity, leadership and innovation and key topics in leasing and asset finance.
The three parts are linked by workplace-based projects that explore real business issues. If you successfully complete all three parts you will accumulate the required 180 credits for the award of a Master of Arts (MA).
If you have appropriate previous experience and qualifications you may be eligible to claim up to 60 credits towards the MA.
If you are unable to complete the MA you may be awarded a PGCert or PGDip qualification. In some circumstances you may be able to pause your course and retain your accumulated credits and resume the course later.
19 September 2016 – 28 April 2017
22-23 April 2017
Part 1 contains modules on the leasing and asset finance industry that will provide you with a grounding in key issues around the strategic issues for the industry and approaches to creative leadership and innovation. Part 1 includes the opportunity to study contemporary case studies both individually and in an online study group. A workplace-based project will allow you to explore the issues in context and a residential sandpit meeting will provide you with an opportunity to share knowledge and insights with your fellow students and mentors from the Foundation.
30 May 2017 – 18 December 2017
9-10 December 2017
Part 2 explores creativity, innovation and leadership. The module in this study block draws ideas and inspiration from the creative industries whose products and services to explore creativity, leadership and innovation. An individual workplace-based project allows you to explore the issues in context and a residential sandpit meeting provides you with an opportunity to share your knowledge and insights with fellow students and mentors from the Foundation.
29 January 18 – 28 August 2018
18-19 August 2018
Part 3 is based on a single MA project along with a residential sandpit meeting with industry leaders and mentors from the Foundation.
The project at the heart of your MA is a substantial piece of research work that will allow you to consolidate and extend your learning in the context of real business challenges in your organisation based on rigorous research and analysis.
Time Commitment. Part 1 consists of two, 200-hour* modules in The Leasing and Asset Finance Industry, and Strategy and Innovation in Leasing and Asset Finance, a 200-hour* workplace-based project and a residential sandpit meeting.
Time Commitment. Part 2 consists of a 200-hour* module in Creative Business , a 400-hour* workplace-based project and a residential sandpit meeting.
Time Commitment. Part 3 consists of a single 600-hour* MA project and a residential sandpit meeting.
*This figure is a notional total time commitment and includes the time you might spend completing your assessments, your self-organised learning, doing online research, interaction with your fellow students online and in the sandpit, and in discussion with your mentor.
The Leasing and Asset Finance Industry
This module provides an overview of the leasing and asset finance industry. You will explore the various versions of ‘lease’ as a financial instrument, review the current structure of the industry and how product sets have evolved and work together to provide access to finance for different markets. You will also look at evolving regulatory, accounting and market changes in the industry and examine possible futures for the industry in the next decade.
Leadership, Innovation and Strategy
Companies in the leasing and asset finance industry are operating in a high-growth, intensely competitive environment where increasingly sophisticated business customers are demanding easier access to more flexible finance and expect better customer service and access to online services. In this module you will explore the dynamic industry environment through individual and collaborative analysis of contemporary case studies with a focus on the leadership, innovation and strategy challenges that the industry is facing.
Workplace project 1 is made up of two modules. LAF103 allows you create a project scope and plan, which is then completed in LAF104.
You will work with your academic supervisor, organisational sponsor and your Leasing Foundation mentor to identify a suitable project that matches your interests, the context of your organisation and explores a relevant industry theme. The aim of the project is to integrate the skills and knowledge you have gained by application to a project related to leasing and asset finance in the context of your own organisation.
Aims of the Module.
– to provide a comprehensive contemporary overview of the leasing and asset finance industry
– to familiarise you with key resources that can be used to understand the industry
– to allow you to build an understanding of the key drivers of change in the industry.
Aims of the module.
– To explore leadership, innovation and strategy in the context of current industry developments
– Allow you to explore innovation in the industry through real-life case studies
– Equip you to critically analyse case studies.
Aims of the Modules.
– to help you identify and analyse a topic in leasing and asset finance based around current organisational developments
– to communicate the analysis through written and other materials
– to support you in discussing and exploring this analysis in a group setting.
Credits. This is a 20 credit module.
Delivery. The module is delivered via online/webinar/audio content on the Learning Space (Learning Management System), academic tutor and mentor contact.
Credits. This is a 20 credit module.
Delivery. The module is delivered wholly online via the Learning Space. You are required to contribute to the online discussion forums on the Learning Space.
Credits. LAF103 and LAF104 are 10 credits each.
Delivery. The modules are delivered via on-line supervision, mentoring and a 2 day residential sandpit in LAF104.
Time commitment. This module notionally takes 200 hours to complete.
Time commitment. This module notionally takes 200 hours to complete.
Time commitment. These modules notionally take 200 hours to complete.
This module explores creativity as a driver for innovation and as a core competence of leadership. You will examine a range of principles, techniques and published research to help you consider your role as a leader who supports creativity in others and leads by example. We draw ideas and inspiration from the creative industries, whose products and services are dependent on the continuing creativity of their staff.
Workplace-based project (2)
Workplace project 2 is made up of two modules. LAF106 allows you create a project scope and plan, which is then completed in LAF107.
You will work with your organisational sponsor and Leasing Foundation mentor to identify a suitable project that matches your interests, the context of your organisation and explores a relevant industry theme. The aim of the project is to integrate the skills and knowledge you have gained by application to a project related to leasing and asset finance in the context of your own organisation.
Aims of the Module.
– to help you develop a creative mind-set, and enhance your personal creativity
– to help you support others in developing and applying their creativity
– to improve your, and your organisation’s, capability to identify, diagnose and solve complex problems and spot opportunities.
Aims of the Modules.
– To help you identify and analyse a topic in leasing and asset finance based around current organisational developments
– To allow you to communicate the analysis through a variety of materials
– To support you in discussing and exploring this analysis in a group setting.
Credits. This is a 20 credit module.
The module is delivered via online/webinar/audio content on the Learning Space, academic tutor contact with your mentor.
This module notionally takes 200 hours to complete.
Credits. LAF106 is a 10 credit module and LAF107 is a 30 credit module.
These modules are delivered via on-line supervision, mentoring and a 2 day residential sandpit in LAF107.
These modules notionally take 400 hours to complete.
Your part 3 MA project is a substantial piece of research and analysis centred on the context of your own organisation, challenges for leadership in that context, relevant innovation and organisational design issues and the impacts on the industry.
Your academic advisor, working alongside your Foundation mentor and your company sponsor, will advise you on shaping the project and supporting you through to completion. The project could take a number of forms, including a dissertation, internal strategy document plan or consultancy project.
The project includes a residential sandpit meeting that provides an opportunity to share your knowledge and insights with fellow students, your academic advisors, the Falmouth University academic community and mentors from the Foundation.
Time commitment. This module notionally takes 600 hours to complete.
The MA in Leasing and Asset Finance adopts a learning approach centred on:
- integration with your workplace experience
- exploiting your existing knowledge of your organisation’s market context and business model
- mentoring and support from the Leasing Foundation’s Fellows and Governors
- collaborative learning based on the current strategic challenges faced by the industry
The course is benchmarked against the Quality Assurance Agency (QAA)’s subject benchmark statement for Business and Management, part of the UK Quality Code for Higher Education, that defines what can be expected of a graduate in the subject, in terms of what they might know, do and understand at the end of their studies.
A FOCUS ON WORKPLACE LEARNING
We recognise that effective modern learning is connected to the workplace and therefore your course is centred on projects based in your workplace. You will be expected to identify an organisational sponsor from your own organisation (often your line manager) who will support your studies.
SUPPORT THROUGH MENTORING
You will be supported by mentors from the Leasing Foundation, who are all experienced industry professionals from across the industry, and academic advisors from Falmouth University.
A VARIETY OF LEARNING EXPERIENCES
You will collaborate in a variety of online learning activities, including webinars and online discussion groups, plus undertake residential workshops (sandpits) that will challenge your thinking and further develop your ideas and interests.
Your learning will be rigorously assessed using a variety of methods including individual written reports, contributions to group discussion, debate and problem solving – both online and during the residential sandpit – and podcasts.
IS THIS COURSE FOR ME?
This course could be suitable for you if you are already be working in the leasing and asset finance industry, working in the broader financial services industry, and if you have an interest in, and experience of, commercial finance.
You might typically, but not necessarily, have a first degree in business, finance or a related area, a related professional qualification (such as the Professional Certificate in Banking), or any of a range of professional qualifications. You might also have current, or very recent, experience working in areas such as banking, specialist commercial finance, lending or finance broking.
You might also have experience in specialist leasing and asset finance related areas such as equipment leasing or professional finance, or come from a professional services background such as consulting, accounting, IT services or marketing and communications.
CAN I GET CREDIT FOR MY PREVIOUS EXPERIENCE OR QUALIFICATIONS?
If you have appropriate experience and qualifications you can use them to be awarded a maximum of 60 credits towards the 180 credits needed for the MA through an APEL (Accreditation of Prior Experiential Learning) or APL (Accreditation of Prior Learning) process.
If you wish to claim credit you will be asked to complete an application form and write a reflective account that demonstrates that your prior experience and learning is relevant, current and at an appropriate level for the prior learning you wish to claim is relevant.
The university will advise you in detail on the process of claiming credit for your prior experience and qualifications when you apply.
This process will involve payment of an extra fee which covers assessment of your prior learning or experience.
WHAT QUALIFICATION DO I GET ON SUCESSFULLY COMPLETING THE COURSE?
You will be awarded an MA (Master of Arts) on successful completion of the course.
If you are subsequently unable to complete the MA you may be awarded a PGCert or PGDip qualification.
HOW DO I APPLY?
You will apply via Falmouth University’s online application system. You may also be interviewed by Falmouth University academic staff and by Professor Peter Thomas from The Leasing Foundation. The interview may be in person or online.
WHAT WILL THIS COURSE COST?
The total cost of tuition for this course if you complete the MA (part-time) is £7,500. This comprises a fee of £2,500 for each of the three parts.
You will also be required to pay travel and accommodation costs for the 2-day residential sandpit at each level. You will require a minimum of two nights (Friday-Saturday) accommodation in Falmouth or nearby. Hotel prices range from £50-150 per night.
You may also pay a fee for assessment of prior experience and qualifications and the university will discuss this fee when you apply.
There are a variety of payment arrangements including by instalment, an upfront single payment or payment at the start of each part of the course. The university will discuss the options with you when you apply.
The MA in Leasing and Asset Finance is intended to provide you with opportunities for mobility and career progression in this dynamic industry, which covers many players in the finance industry including banks, private equity financiers, specialist captive and hybrid captive finance providers, brokers, challenger banks and alternative finance platforms, across many industrial verticals such as motor, power, medical, aviation and many other areas of industrial activity that have finance requirements.
Developed and delivered in collaboration with The Leasing Foundation, the MA in Leasing and Asset Finance is a recognised, high-quality qualification that signals your professional status. Successful completion demonstrates your commitment to continued professional updating, your focus on personal achievement and your knowledge of contemporary and emerging industry developments. Studying the MA in Leasing and Asset Finance also provides entry to the vibrant and growing community of professionals who are part of the Leasing Foundation’s global network, so increasing your visibility in a dynamic and diverse global industry.
If you successfully complete the course we would expect you to be more employable in a wider variety of industry segments and to be more successful in accelerating your career with your current employer.
TO LEARN MORE ABOUT THE COURSE, AND FOR AN INFORMAL DISCUSSION ABOUT ENTRY REQUIREMENTS, CORPORATE PARTNERSHIPS OR WORKING WITH THE MA IN LEASING AND ASSET FINANCE, CONTACT
Please refer to the Falmouth University web site at http://www.falmouth.ac.uk for general information on programmes of study, eligibility requirements, fees and terms and conditions relevant to studying at Falmouth University.