Regarded as a forward thinker, you’ll be a respected senior finance professional with significant influence who shapes business strategy to deliver success.
IS THE MCT ADVANCED DIPLOMA RIGHT FOR YOU?
Perfect for you if you are:
- a corporate treasurer or involved in or with responsibility for corporate treasury
- an accountant who would benefit from a broader skills base
- a banker or relationship manager who needs to better understand the requirements of corporate clients
- a financial analyst who wants to develop your career in corporate finance, risk management and specialist treasury activities
MCT ADVANCED DIPLOMA KEY FACTS
15 months; 10 study hours per week
Two written assessments (3.5 hours each). Assignments. Forum participation. One project.
Course fee £10,000. Assessment fee included.
The progressive learning structure of ACT qualifications means entry requirements apply. To join MCT you need to have completed either the AMCT Diploma or Diploma in Treasury Management, or be eligible for direct entry onto the MCT Advanced Diploma.
MCT ADVANCED DIPLOMA COURSE STRUCTURE
This qualification is made up of the five units below. For full ACT accreditation you will need to complete all five and sit the assessment.
Unit 1: Treasury strategy
This module looks at how the firm creates value and the beginnings of the implications for treasury. You will learn to analyse businesses strategically. You will also look into governance models.
Risk and return
This module takes a deep dive into the theory of investment, working out what return investors want and its implications for corporates. You then look at what this means for investment appraisal and decision making.
The combination of risk and return leads to the need to work out how a firm finances itself and this module takes a long look at this problem of optimising capital structure, together with other elements of a financial strategy and what this means for how a treasurer contributes to it.
This module covers one of the treasurer’s specialities, and arguably his biggest role, risk management. You will look at how to identify risks (and of course firms share many similar risks) and then how to measure them, a key point in the journey to manage them. You will look at risks arising in the business, such as foreign exchange and commodity risk and then look at more ‘ownership’ type risks, like interest rate risk and translation risk.
This module looks at what business strategy, financial strategy and risk management mean for treasury structure and the different ways that treasury could be organised. You will also look at treasury controls and measurement.
Tutor marked assessment
This first test, prepared in your own time, takes one company and makes an in depth analysis of it according to all the elements you have seen in Unit 1. You must pass this TMA to proceed.
Unit 2: Treasury applications
Advanced financial profiling
This module introduces advanced measurement techniques for companies, teaching you how to sell your company to investors, both equity and debt. You will then look at one sector in depth to see how each of them has constructed a financial strategy, picking out similarities and differences.
Acquisitions and disposals
In this module you will learn about the theory and practice of acquisitions and disposals. They are perhaps at the glamorous end of treasury, but they are hard work and you will learn exactly what is involved.
Managing the risk profile
This module takes risk to a very deep level. You will learn about pension risk and then take a deep dive into one company’s situation and see what advanced techniques are available to manage its financial risks.
In this module you will learn about the intricacies of raising debt, and understanding the financial markets. You will learn about credit ratings, about how regulation is affecting banks before moving on to see some different sources of finance such as supply chain finance before concluding with a look at documentation and control of the borrower through financial covenants.
You will learn in this module about the concept of high leverage and structured finance. It is more prevalent than you might think and all the techniques of treasury are brought together for this interesting topic.
Managing the corporate structure
The final topic in the module looks at choices in building the corporate structure, including variations on ownership as well as choices in financing subsidiaries. This leads neatly into tax management and cash management, both affected by these choices.
Tutor marked assessment
This second test, again prepared in your own time, takes a project, meaning high leverage, and making a detailed analysis of its risk and return characteristics and its structure. You have to make an assessment of the project. You must pass this TMA to proceed.
Unit 3: Strategic treasury solutions
You will develop your analytical, practical skills and professional judgement, enabling you to engage with any real-world finance or treasury issue with confidence. Unit 3 consists of two case studies. These cases studies are based on real-life organisations, providing an opportunity to see theory in practice.
Case study 1:
This case study takes a real company and a real situation around an acquisition, showing you how the techniques you have learnt can come to life. You firstly make an in depth analysis of the acquiring company, before going on to assess in detail the business sand financial case for the acquisition.
Case study 2:
This case study looks at a real company which has grown quickly, suffered setbacks and is growing again, but perhaps has growing pains and needs a good look at its treasury. You will make, as always, an in depth analysis if the business before going on to think about financial strategy and treasury organisation, role and structure.
Unit 4: Revision and examination
Having completed the three course content study units, you will have developed core professional knowledge and skills and applied the theories and tools to real life complex issues. In this unit you will revise the knowledge and skills gained during the course, work through past paper exam questions, and you will take part in a revision tutorial. The two examinations are designed to test understanding and strategic application of knowledge.
Unit 5: Project
During this final unit you will undertake an individual project on a subject of your choice. This provides an opportunity to apply the knowledge and skills developed to a subject of particular interest to you and to deal with a current issue that involves in-depth research and planning.
Before the project even starts tutors are on hand to answer any queries and act as a sounding board for potential project ideas. During the online workshop stage you will be directed to a range of information to help you develop your proposal and understand the project requirements and how it is to be marked. This includes podcast, presentations, phone calls with supervisors and the online forum.
On submission of your project proposal you will be allocated a project supervisor, who will be your main contact throughout the project. Your supervisor will then contact you to arrange a call to talk over your proposal and discuss the writing up stage. This will be accompanied by an email with formal feedback on your proposal.
Once the project write up stage is underway you can:
- send your supervisor drafts of your project for review
- send your supervisor unlimited emails; and
- arrange phone calls with your supervisor at pre-agreed times
Your supervisor can answer questions and give advice on technical content, structure, referencing and the ACT marking criteria.
Online interaction and expert support
At the centre of your learning experience is the dynamic online discussion forum which ensures you feel fully connected while studying. Having online access to your tutors, project supervisors, peers and programme team means you’re never alone.
- You will be supported throughout the course by tutors who are subject matter experts available to you using the online course discussion forum.
- The course tutors also run the classroom and online tutorial series and help you prepare for your assignments.
- You will also be assigned a project supervisor who will work with you on the submission of your project and is available for phone calls and over the discussion forum. The project supervisors also run the online project workshop.
MCT course options
Tutorial series: your choice of online or face-to-face
The tutorials give you the opportunity to debate key issues, work on problems as part of a team, and share experiences and knowledge with other professionals.
You can choose a fully online mode of study by joining the online tutorial series, or you can choose to attend classroom tutorials. The tutorials are held for units one, two and exam revision.
The classroom tutorials are held in London. Choosing the online tutorials means you will receive support from both the course tutor and fellow candidates in a way that gives maximum flexibility.
Online project workshop
Through video, audio and PowerPoint presentations, the project supervisors walk you through the project requirements, advise on the writing up of your proposal and outline how to perform well. The online workshop is preceded by a phone call between you and your project supervisor to discuss your project and help develop your ideas. Your project supervisor will then support you through the writing process, providing feedback and guidance via unlimited emails and pre-arranged telephone calls.
When booking onto the MCT you will either already be an associate member (AMCT) or will become a student member of the ACT for up to 18 months.
ACT membership gives you access to lots of great things:
• subscription to The Treasurer magazine
• careers resources
• events, regional groups and webinars
• policy and technical updates
• mentoring service
Remember to take advantage of these benefits - they are designed to help make you a well-rounded finance professional. When you have successfully completed the MCT Advanced Diploma, you will be eligible to become a Fellow and use the designatory letters FCT. These are the internationally recognised letters that go after your name that recruiters and employers look out for, as they show you are a very credible candidate. You can find out more about ACT membership here.
Course fee: *
Depending on your member status, either Associate or Student membership fee is payable on booking. A pro-rata fee will be charged from the month you join.
Associate membership annual fee: *
Student membership annual fee: *
* Fees are subject to local VAT rate when opting for the online only course
* UK VAT rate is applicable when opting for the face to face course
MCT is assessed by submission of two tutor marked assignments, two three hour written exams and a project.
Go take a look at how and when you are assessed here.
Assessment fee included in qualification fee.
We can also deliver advanced treasury learning to companies with teams that are interested in taking either the full qualification or selected units, and tailor it to your business needs. Find out more about in-company solutions here