Page 1


Department of Business, Entrepreneurship & Finance It is with immense pleasure that I welcome you to the Business, Entrepreneurship and Finance Department at Saint Martin’s Institute of Higher Education. At SMI we do our utmost to ensure that our students excel in the paths, which they have chosen, to craft their future. Our programmes are specifically designed to ensure that our graduates are equipped with the right balance of academic content and industry appreciation such that one may not only enhance employability potential but will also be in a position to contribute effectively. We offer three undergraduate level 5 diplomas which offer a sound preparation for any of the paths which the student choses to specialise in, be this Management, Banking, Economics, Accounting, Finance, Marketing, International Business or Human Resources. Upon successful completion of the level 5 diploma, the student may seek to proceed to read for a level 6 undergraduate degree by studying in Malta at SMI, whilst being examined by the University of London and thus achieving a bachelor’s degree conferred by this prestigious global University. In addition to this, and a feather in our cap, is the fact that our Level 6 programmes are academically led by world-renowned colleges such as the London School of Economics and Political Science and Royal Holloway. This is indeed a very exciting time in your life, which undoubtedly will shape a considerable part of your future. Choose wisely, and invest your time and commitment carefully so that you can maximise your potential and shine in the field you enjoy working and developing in.

4 | Commerce Prospectus


stmartins.edu/commerce | 5


6 | Commerce Prospectus


Can we ever imagine what the future holds for you?

The future is anyone’s guess, however educators are leading their respective sciences and consequently are the best people to foresee the competences required by graduates joining the labour force. When joining one of our programmes, you will be adequately prepared to join the industry requirements of at least three years in advance.

Can we prepare you for the future?

We prepare you by ensuring that you possess all the life skills necessary to be at the top of your selected career. We do not only focus on your development in the knowledge necessary in your chosen field, but in addition, we develop your communication, interpersonal and self-learning skills.

A globally renowned qualification with an international outlook

It is very easy to become too inward looking, especially in an island as small as Malta. That is why we provide you with an international syllabus developed through research undertaken by world-renowned academics from all over Europe with our academics adding value through classroom lecturing, tutorials and mentoring for hands-on experiences.

stmartins.edu/commerce | 7


Diploma in Entrepreneurship

Diploma in Finance

The MQF Level 5 Diploma in Entrepreneurship aims to provide learners with the requirements of setting up their own business, as well as appreciating the strategic decisions when running an organisation from start-up to maturity. As a graduate of the diploma, the learner will be able to:

The MQF Level 5 Diploma in Finance aims to provide learners with the required quantitative skills earmarked to assist students attain competences in data analysis, a foundation of accounting, modern theories of management, banking and finance. As a graduate of the diploma, the learner will be able to:

(60 ECTS) - MQF 5

• • • • •

set up an organisation, be it a limited liability company or an non-governmental organisation, develop an innovative product or service and sell it at a profit to an identified market; carry out market research, check for feasibility and develop an investment proposal; acquire a sound knowledge of the workings of an organisation and the various elements impacting from within as well as from the environment; gain skills that will allow students to participate in an already established organisation, adding value to the main competences of the organisation; analyse industry profitability and identify main characteristics to make a business successful; understand business creation and management from an innovative and proactive perspective.

(60 ECTS) - MQF 5

• • • • • • •

interpret statistical data and elicit trends and information pertinent to the respective industry; use quantitative techniques in order to develop models which will help undertake management tasks; communicate with financial managers and auditors for purposes of recording of financial matters of the department/firm; revert to major modern management techniques and methods to streamline the functionality of the department/firm; think strategically to sustain competitive advantage for the firm; apply leadership skills necessary for the sustenance of competitive advantage in a globalised world; assess risk in business investments and how to mitigate such risks; understand the role of the banking and financial services sector, including the legislative regulatory framework of the European Union.

SMb10056 Management and the Modern Corporation (7.5 ECTS) SMb10060 Fundamentals of Entrepreneurship (15 ECTS) SMb10062 Leadership in the 21st Century (7.5 ECTS) SMb10068 Applied Statistics for Business (7.5 ECTS) SMb10070 Basics of Strategic Business Analysis and Management (7.5 ECTS) SMb10071 Accounting Principles & Practice (15 ECTS)

SMb10056 Management and the Modern Corporation (7.5 ECTS) SMb10063 Introduction to Risk Management (7.5 ECTS) SMb10067 Quantitative Methods (7.5 ECTS) SMb10068 Applied Statistics for Business (7.5 ECTS) SMb10069 Fundamentals of Banking (7.5 ECTS) SMb10070 Basics of Strategic Business Analysis and Management (7.5 ECTS) SMb10071 Accounting Principles & Practice (15 ECTS)

Successful candidates are eligible to apply for automatic Accreditation of Prior Learning with the University of London and consequently will be able to progress to Level 2 of the MQF Level 6 BSc (Honours) in Business Adminstration conferred by the University of London.

Successful candidates are eligible to apply for automatic Accreditation of Prior Learning with the University of London and consequently will be able to progress to Level 2 of the MQF Level 6 BSc (Honours) in Accounting & Finance, Banking & Finance or Economics & Management conferred by the University of London.

8 | Commerce Prospectus


Diploma in Management & Leadership (67.5 ECTS) - MQF 5

The MQF Level 5 Diploma in Management and Leadership aims to provide learners with the required quantitative skills earmarked to assist students attain competences in data analysis, a general background in accounting, banking and finance and last but not least the modern theories of management. As a graduate of the diploma, the learner will be able to: • • • • • • • • •

interpret statistical data and elicit trends and information pertinent to the respective industry; use quantitative techniques in order to develop models which will help undertake management tasks; communicate with financial managers and auditors for purposes of recording of financial matters of the department/firm; revert to major modern management techniques and methods to streamline the functionality of the department/firm; think strategically to sustain competitive advantage for the firm; understand the entrepreneurial and intrapreneurial characteristics necessary to keep the firm in business; understand and apply leadership skills necessary for the sustenance of competitive advantage in a globalised world; develop a market appraisal and feasibility study for an innovative product or service; develop a business plan ready for funding for an innovative product or service.

SMb10056 Management and the Modern Corporation (7.5 ECTS) SMb10060 Fundamentals of Entrepreneurship (15 ECTS) SMb10062 Leadership in the 21st Century (7.5 ECTS) SMb10067 Quantitative Methods (7.5 ECTS) SMb10068 Applied Statistics for Business (7.5 ECTS) SMb10070 Basics of Strategic Business Analysis and Management (7.5 ECTS) SMb10071 Accounting Principles & Practice (15 ECTS) Successful candidates are eligible to apply for automatic Accreditation of Prior Learning with the University of London and consequently will be able to progress to Level 2 of the MQF Level 6 BSc (Honours) in Business & Management conferred by the University of London.

stmartins.edu/commerce | 9


Bachelor of Science Double Degree Programme Saint Martin’s Institute runs a unique double-degree Bachelors of Science in collaboration with the University of London International Programmes under the direction of the London School of Economics and Political Science (LSE). The Institute has integrated its curriculum to allow students to qualify for the BSc Commerce (Hons) conferred by Saint Martin’s Institute of Higher Education in addition to the respective University of London degree depending on the specialisation chosen.

Bachelor of Science in Commerce (Honours) conferred by Saint Martin’s Institute of Higher Education The Bachelor of Science in Commerce (Honours) provides flexibility to students to gain a better understanding of a number of disciplines during the first year of studies through the diploma programmes and consequently will be in a better position to choose the specialisation they want to pursue. Students who successfully complete the MQF Level 5 diplomas offered by SMI will attain a strong foundation in quantitative, accounting, banking, management and finance and provide entry into the advanced study units at MQF Level 6, that are normally read during the second and third year of the programme. This qualification is a multi-faceted programme that aims to give learners the ability to develop critical and analytical problem-solving skills, which are integral within the organisational context and deeper still for the specialisation of their choice. In order to qualify for the BSc (Hons) Commerce, students are required to attend 80% of scheduled lectures throughout the academic year, submit assignments as set by the respective lecturers and successfully complete the internal semester examinations scheduled by the institute.

10 | Commerce Prospectus


Bachelor of Science (Honours) conferred by the University of London Students may opt to read for a parallel degree conferred by the prestigious University of London by registering and attempting the University of London examinations which are normally in May of every academic year. Following successful completion of the MQF Level 5 diplomas conferred by Saint Martin’s Institute, students will be able to read for the following University of London degrees (starting from Level 2) in parallel to the BSc Commerce (Hons) with the same majors.

BSc (Hons) in Economics & Mgmt. (MQF level 6)

BSc (Hons) in Accounting & Finance (MQF level 6)

MQF level 5 Diploma

BSc (Hons) in Banking & Finance (MQF level 6)

BSc (Hons) in Business & Mgmt. (MQF level 6)

stmartins.edu/commerce | 11


BSc(Hons) Commerce in Accounting & Finance

BSc(Hons) Commerce in Banking & Finance

The MQF Level 6 degree provides the learner with an understanding of accounting and finance that will be useful throughout a graduate’s career. The programme does not simply teach accounting techniques and computational skills for immediate application, but a learner is taught to evaluate the usefulness of the techniques in dfferent contexts. The learner is encouraged to adopt a critical and flexible viewpoint and to look at the subject from a wide international perspective. As a graduate of the degree, the learner will be able to:

The MQF Level 6 degree is designed to develop understanding of finacial intermediaries and institutions that operate in the financial sector, and structures and functioning of financial markets. The learner will be able to understand how the financial assets are priced and why and how corporations choose and issue various types of financial instruments. The learner is exposed to the domestic and international operations of financial intermediation. As a graduate of the degree, the learner will be able to:

• •

(195 ECTS) - MQF 6

• • • • •

demonstrate an ability to prepare and present financial data in accordance with internationally accepted accounting principles; analyse financial data and make recommendations to identify cost-saving processes; identify revenue growth opportunities and strategies for productive improvements; develop a good command of spreadsheets and databases to analyse information; understand management accounting concepts and apply them to business situations; develop and present reports and recommendations.

Successful completion of the Diploma in Finance and the following units: SMb10051 SMb30200 SMb30222 SMb30221 SMb31202 SMb31204 SMb31205 SMb31206 SMb31207 SMb31219

Introduction to Economics (15 ECTS) The Law of Business Organisations (15 ECTS) Maltese Law (7.5 ECTS) Taxation (7.5 ECTS) Management Accounting (15 ECTS) Financial Reporting (15 ECTS) Corporate Finance (15 ECTS) Managerial Economics (15 ECTS) Auditing and Assurance (15 ECTS) Valuations & Securities (15 ECTS)

Successful candidates are conferred with a BSc (Hons) Commerce in Accounting & Finance. In addition to this, students wishing to pursue a University of London degree in parallel, may do so by completing the respective registration with the University of London and upon successful completion will be conferred a BSc (Hons) in Accounting & Finance. Students conferred parallel degrees are eligible for exemption from eight ACCA modules leading to professional qualification. Graduands may follow careers in accounting, investment banking, management consultancy, financial management, investment analysis and general management.

12 | Commerce Prospectus

(180 ECTS) - MQF 6

• • • •

acquire a combination of strong analytical, interpersonal and communication skills; acquire an understanding of the way in which financial intermediaries and institutions operate and the structure and functioning of financial markets, both in the domestic market and on the international scene; learn about the pricing of financial assets and why and how corporations choose and issue various types of assets; develop a good command of spreadsheets and databases to analyse information; develop and present reports and recommendations; acquire the skill to understand an organisational financial system and informal networks to get data and information.

Successful completion of the Diploma in Finance and the following units: SMb10051 SMb20107 SMb21101 SMb21102 SMb30200 SMb31201 SMb31205 SMb31219

Introduction to Economics (15 ECTS) Human Resource Management (15 ECTS) Macroeconomics (15 ECTS) Financial Intermediation (15 ECTS) The Law of Business Organisation (15 ECTS) Investment Management (15 ECTS) Corporate Finance (15 ECTS) Valuations & Securities (15 ECTS)

Successful candidates are conferred with a BSc (Hons) Commerce in Banking & Finance. In addition to this, students wishing to pursue a University of London degree in parallel, may do so by completing the respective registration with the University of London and upon successful completion will be conferred a BSc (Hons) in Banking & Finance. This degree allows graduands to follow careers in commercial and investment banking, financial consultancy, stock trading, investment analysis and risk management.


BSc(Hons) Commerce in Business & Management

BSc(Hons) Commerce in Economics & Management

The MQF level 6 degree provides the learner with a critical and analytical methodology at the demanding world of business and managing business assets. The degree provides the learner with a knowledge and understanding of the issues of international management whilst rooted in domestic experiences. The learner will be able to acquire the ability to think independently about decision making, gaining competences valued by employers looking for people who can demonstrate logical and quantitative reasoning. As a graduate of the degree, the learner will be able to:

The MQF Level 6 degree provides the learner with an understanding of economic concepts that are relevant for management and shows how to use them. It also gives the learner the opportunitty to acquire foundations of complementary disciplines such as finance, accounting, the social sciences such as marketing and human resources and the necessary quantitative methods. the degree covers all relevant aspects of management from many different perspectives to enable the learner to understand how organisations work and interact. Analysing the structure and strategies of firms allow the learner to understand how industry has evolved and how markets function. This instigates learners to gain the ability to apply economic reasoning and to think independently about management. As a graduate of the degree, the learner will be able to:

(187.5 ECTS) - MQF 6

• • • • • • •

develop problem-solving skills through the application of theoretical models in practical situations. demonstrate ability in strategic planning and evaluate results; identify and evaluate risks and opportunities; prepare a business plan and investors’ pitch; communicate key messages to internal and external audiences; manage resources; effectively deploy human and financial assets.

(180 ECTS) - MQF 6

• • •

develop a strong emphasis on scientific methodology and practice; evaluate a range of issues in international management and economics; undersatnd various combinations of social science areas putting the rigour of economic thinking at the central of them.

Successful completion of the Diploma in Mgmt & Leadership and the following units:

Successful completion of the Diploma in Finance and the following units:

SMb10051 SMb20106 SMb20107 SMb21100 SMb30200 SMb31202 SMb31205 SMb31206

SMb10051 SMb20107 SMb21100 SMb21101 SMb21108 SMb31205 SMb31206 SMb30200

Introduction to Economics (15 ECTS) Marketing (15 ECTS) Human Resource Management (15 ECTS) Core Management Concepts (15 ECTS) The Law of Business Organisations (15 ECTS) Management Accounting (15 ECTS) Corporate Finance (15 ECTS) Managerial Economics (15 ECTS)

Successful candidates are conferred with a BSc (Hons) Commerce in Business & Management. In addition to this, students wishing to pursue a University of London degree in parallel, may do so by completing the respective registration with the University of London and upon successful completion will be conferred a BSc (Hons) in Business & Management. Graduands may follow careers in accounting, investment banking, management consultancy, financial management, investment analysis and general management.

Introduction to Economics (15 ECTS) Human Resource Management (15 ECTS) Core Management Concepts (15 ECTS) Macroeconomics (15 ECTS) Elements of Economics (15 ECTS) Corporate Finance (15 ECTS) Managerial Economics (15 ECTS) The Law of Business Organisation (15 ECTS)

Successful candidates are conferred with a BSc (Hons) Commerce in Economics & Management. In addition to this, students wishing to pursue a University of London degree in parallel, may do so by completing the respective registration with the University of London and upon successful completion will be conferred a BSc (Hons) in Economics & Management. Graduands have a wide variety of occupations after completing this degree and have in the past joined family businesses, commercial and retail banks, public or private enterprise and many other careers that require a good grounding in the international business world.

stmartins.edu/commerce | 13


14 | Commerce Prospectus


A methodology which helps students succeed

We are very much aware, how easily students may be distracted from the attention and commitment necessary to succeed in today’s fast paced world. Students are encouraged to participate in extra-curricular activities which assist their assimilation of knowledge. The department follows the famous Delors principles in education and provides students with the pertinent knowledge in commerce and the ancillary disciplines, mentors students to develop the ability to use their knowledge thus maturing their skills, ascertains the interpersonal skills necessary to work effectively in functioning teams at the place of work and finally inspires the ability to self-develop.

Learn how to learn

Although all four principles, as proposed by Delors, should have equal weighting, the ability of an individual student to learn independently is given even more importance at Saint Martin’s Institute. It is not enough that the faculty oversees the development of a student through the programme to prepare for a job or a career change. It is the creed of the Institute that a student transforms / develops into any requirements of the future, thus becoming a life-long learner and employable over the long term. The transfer of knowledge is done through scheduled lectures and tutorials, supported by prepared materials available over the Saint Martin’s Institute virtual learning environment. Students will be assessed through unseen written examinations and home assignments to help the faculty gauge the absorption of knowledge by the student and the ability to apply the knowledge in real life scenarios.

“My experience at SMI made me feel part of a family, and helped me become the adult I am today.” Apart from the academic knowledge which I acquired throughout my three years at Saint Martin’s, I also gained invaluable presentation, negotiating and team building skills as a member of the Saint Martin’s Institute Student Council for two consecutive years holding the office of President of the council in the final year. This experience together with my studies formed my character and prepared me better to corporate life which I am now experiencing after joining Grant Thornton upon completion of my studies.

stmartins.edu/commerce | 15


Entrance Requirements

An applicant must normally be at least 16 years of age on or before the SMI Autumn Semester examination session, which normally take place in December, in the year of registration and must be in possession of: • Four ordinary level passes, including Mathematics and English at SEC grades 1 to 5 or grades A to C in the case of GCE/GCSE. Students progressing to University of London MQF Level 6 programmes MUST possess the equivalent of six ordinary level passes. • International equivalents to the above requirements will be considered and the decision taken at the discretion of the Institute. • All students are required to attend an interview set up by the Saint Martin’s Admissions & Advisory Board (SAAB) and attempt the English Placement Test, which is normally scheduled during the third week of October every year. • Students, who do not hold an ordinary level qualification in English Language, must provide proof of competence in English, such as a recognised test of proficiency, which is acceptable to the Institute.

Maturity Clause

Students who are 21 years and over, are eligible to apply for the MQF level 5 diploma subject to having passed a recognised MQF Level 3 qualification AND have at least two years uninterrupted full-time employment.

Student Requirements

Saint Martin’s Institute of Higher Education is committed to offering quality tertiary education to all students with their respective needs. SMI will make every reasonable effort to make sure that the experience of studying with us is rewarding. The Institute offers fully accessible premises.

Automatic Accreditation of Prior Learning

Automatic APL means that you are not required to take a particular course(s) as part of your degree because in the University’s opinion, you have already covered a similar syllabus as part of a previous qualification, at the same level, depth and breadth. This is also known as credit transfer. The Saint Martin’s MQF Level 5 diplomas have been awarded automatic APL by the University of London (UOL) and hence students who opt to read for a UOL MQF Level 6 degree will be able to progress to Level 2 of the respective degree.

16 | Commerce Prospectus


stmartins.edu/commerce | 17


Financial Assistance Scheme*

The Saint Martin’s Institute Financial Assistance scheme is available for deserving students who may find difficulties with the fees payable. Please refer to the payment section on the website for further details about the scheme.

Get Qualified Scheme*

The Get Qualified Scheme will reimburse a maximum of 70% of the total fees over a period of ten years paid by the student upon successful completion through income tax credit, and applies to MQF Level 5 and MQF Level 6. The scheme applies to both EU and Third Country students and is conditional on the student being employed in Malta.

Stipends and Maintenance Grants*

The Government of Malta offers full-time students monthly stipend and grants payable under the Malta Government Undergraduate Scheme (MGUS). The scheme offers a fixed stipend of €769 divided equally between 1st October and 30th June and a yearly sum of €465.87 to partly cover expenses related to educational material and equipment and a one-time grant of €465.87 payable in the first year of their studies. Students are required to refer to the MGUS Regulations for further details regarding eligibility and conditions with respect to the scheme. The scheme is administered by Students’ Maintenance Grants Section, within the Ministry for Education and Employment and rules and regulations are available on: https://education.gov.mt/en/ education/myScholarship/Pages/MGUS.aspx

Other costs

In addition to the fees payable to the Institute, the student needs to budget for the cost of: • Textbooks (SMI & UOL provide guidebooks but students are encouraged to purchase other reference textbooks) • Laptop / Computer with internet access * Terms and conditions apply

18 | Commerce Prospectus


Fees

The below application & registration fees are payable by ALL students registered with Saint Martin’s Institute of Higher Education depending on the mode of study selected: Full-time (EU)

Full-time (Non-EU)

Part-time (EU)

Application Fee

€125

€125

€125

Registration Fee

€950

€950

€480

€4,842 €3,444/year

€6,180 €3,990/year

€2,990/year

€4,842 €4,842 €15,601 €17,647

€6,180 €6,180 €19,615 €21,415

€3,500 €3,500 €13,585

(one time non-refundable) (one time non-refundable) Diploma MQF 5 (Tuition & Examination Fees)

Course over one year Course over two years BSc (Hons) Comm. MQF 6 (Tuition & Examination Fees)

Year 2 Year 3 Total with one year Diploma Total with two year Diploma

The Institute offers the opportunity to EU students to pay the annual tuition fees on a monthly basis, payable by the 10th of each month in advance. The fees quoted above are subject to annual review by the Institute. Non-EU students are expected to settle the full tuition fee before the start of the academic year due to visa requirements. Students opting to read for the University of London degree are required to settle the respective University of London registration and examination fees. These fees may be attained through the University’s own website http://www.londoninternational.ac.uk/. Successful students may benefit from the Get Qualified scheme and recover 70% of the total course fees.

stmartins.edu/commerce | 19


Phone +356 21235451 infodesk@stmartins.edu ©2017 Saint Martin’s Institute of higher Education Higher Education Institute License no. 196 by NCFHE

Saint Martin's Institute Prospectus for Commerce  

Saint Martin's Institute of Higher Education is a licensed (196) tertiary education institution by the National Commission for Further & Hig...

Read more
Read more
Similar to
Popular now
Just for you