Subject Benchmark Statement: Finance
Publication date: 07 Apr 2025
Finance
Subject Benchmark Statement
Subject Benchmark Statements describe the nature of study and the academic standards expected of graduates in specific subject areas. They show what graduates might reasonably be expected to know, do and understand at the end of their studies.
Below you will find the full Subject Benchmark Statement for Finance. Alongside it, we have also published a summary designed to provide a short and accessible overview of the main Statement for students, employers and academics.
Subject Benchmark Statement: Finance - the basics
Publication date: 07 Apr 2025
About this subject
Finance involves the dynamics of national and international financial markets and how these markets interact with economic entities like households, firms, the third sector, financial institutions, and governments. Finance is crucial in decision-making in these economic entities, global in its impact, and a constantly evolving subject. It encompasses traditional areas such as banking, corporate finance, personal finance, investment, risk management and public finance, and integrates emerging fields like climate, green, sustainable, biodiversity, natural resources, and entrepreneurship finance, as well as new technologies, including financial technology (fintech) and artificial intelligence (AI).
Professor Andrew Marshall - Chair of the Advisory Group
Vice-Dean (Global Engagement), University of Strathclyde
The revised Finance Subject Benchmark Statement aims to provide a comprehensive framework that embraces the diverse, contemporary, and constantly evolving field of Finance. With a focus on emerging priorities like sustainability, employability, and inclusivity, this updated framework seeks to address the evolving demands of the Finance industry by fostering a deep understanding of financial principles, strong analytical skills, and robust ethical considerations. By reflecting the latest trends and challenges in global Finance, the Statement will serve as a valuable guide for developing forward-thinking and high-quality Finance degree courses. These courses will empower graduates with the necessary financial and transferable skills and knowledge to address the pressing challenges in the field of Finance and the global financial ecosystem. Equipped to confront real-world issues, graduates will be well-prepared to thrive in an interconnected, fast-paced, and rapidly changing financial landscape.
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