Banking and Finance MSc

 
  

Fact file

Qualification
MSc Banking and Finance
Duration
12 months full-time
Entry requirements
2.1 (Upper 2nd class hons degree from British University or international equivalent)
Other requirements
Personal statement and a list of modules being studied in the final year (for applicants who have not yet completed their bachelor degree).
IELTS
6.5 (no less than 6.0 in any element)

If these grades are not met, English preparatory courses are available
Start date
September
Campus
Jubilee Campus
Tuition fees
You can find fee information on our fees table.
 
Please note, this course is now closed for applications for 2016 entry.

Overview

This course is fully accredited by The Chartered Banker Institute (CBI) and brings you the latest knowledge about banking and financial markets.
Read full overview

Our portfolio of masters in banking courses aims to bring you the latest knowledge about banking, financial markets, managerial economics and risk in the financial sector.

MSc in Banking programmes

These courses are designed for students with two types of ambition: those seeking a career as practitioners in both domestic and international banks, at central banks, or in consultancy; as well as those who intend to pursue an academic or research career in the field.

Our banking courses will enable you to develop skills in the analysis of financial institutions and instruments, markets, consumer demands and competition, and provide you with a conceptual and theoretical grounding in current concepts and techniques in banking, policy, economics and risk management, and associated areas.

You will be taught by experienced staff who are specialists in finance, economics, risk and banking and who are also members of the Business School's Centre for Risk, Banking and Financial Services.

This course will also provide you with an introduction to a range of empirical techniques enabling you to analyse industrial dynamics, the impact of innovation on performance, and the impact of regulation and policy interventions on banking and finance in corporations. The modules you will take consider international aspects of banking and finance and you will be able to analyse your chosen country for the summer dissertation.

The course is fully accredited The Chartered Banker Institute (CBI) which means you will graduate with a dual award: an MSc Banking and Finance and the Chartered Banker Diploma, which is the gold standard for professional bankers and is the highest award available in the banking world. We are proud to be one of a select group of business schools to offer this dual qualification degree.

Presessional English for Academic Purposes

The Centre for English Language Education (CELE) runs 10-week and 5-week Business and Management English language and study skills courses. These courses are designed in collaboration with Nottingham University Business School and prepare students going on to programmes in business and management.

If you are close to the English language level you need to go on to the Business School's MSc course and you meet the entry requirements for the relevant CELE course, you may be eligible for a joint offer. This means that:

  • you only need one TIER 4 visa and CAS
  • you take a 10 or 5-week English Language and Academic Skills preparation course, and then go onto your MSc course
  • you have a guaranteed place on the MSc course
  • your progression to the MSc is automatic, provided you attend and complete all the coursework

For more details, please visit the CELE website

Students who enter via the CELE route are exempt from paying the school's £1,000 reservation fee. For more details, please contact wendy.bull@nottingham.ac.uk

Professional accreditation

CBI

Key facts

  • The Business School, across all three campuses (UK, China and Malaysia), is EQUIS accredited by the European Foundation for Management Development (EFMD) - one of the world's leading accrediting bodies for business schools
  • In the Research Excellence Framework (REF) 2014 we rank 6th for 'research power' out of 101 UK business and management institutions
  • We are ranked 12th in the UK in the QS World University Rankings 2016 (top 100 worldwide)
 

Course details

The MSc Banking and Finance is taught on a full-time basis over one year.

During this time, you must accumulate 180 credits to qualify for the award of MSc. 120 credits come from modules taught and examined during two 15-week semesters.

Each taught module typically consists of ten two or three hour sessions. Assessment is a combination of individual essay or group project and written examination.

The remaining 60 credits of this course are allocated to an independent dissertation, which is completed over the summer period for submission in September.

 
 

Modules

Semester one

Core modules

Bank Theory and Operations

The module content includes:

  • Banking in the financial system
  • Central banking
  • Evolution of the banking industry
  • Managing liquidity and liabilities
  • Bank lending and asset management
  • Banking distribution
  • Regulation

The aim of this module is to provide students with the ability to:

  • critically examine financial institution operations
  • understand and critically comment on internal financial institution structures and the operation of their balance sheets
  • analyse how financial institutions manage their assets, liabilities and overall liquidity
  • analyse and explicate how financial institutions create value through marketing, distribution, diversification and innovation
 
Corporate Financial Strategy

The module covers the traditional content of a Corporate Finance course: Investment, Capital structure, and Divident Decisions From a Shareholder Value Perspective; Capital Market Behaviour (background); Mergers; Real Options.

The module aims to highlight the key aspects of corporate finance and to identify current research issues and approaches.

 
Further Quantitative Research Methods

The module includes matrix algebra, differential calculus, multiple regressions, time series, qualitative response and panel data models.

The modules aims to provide a good training in basic matrix algebra and applied econometrics.

 
Introduction to Research Methods

Part 1: Introduction Quantitative Analysis (compulsory) Survey design and measurement, Introduction to statistics; hypothesis testing, t-tests, ANOVA, Regression Analysis and Factor Analysis.

Part 2: Introduction Qualitative Analysis (compulsory). This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.

The module aims to:

  • instil familiarity with and understanding of key techniques of quantitative and qualitative analysis
  • improve accessibility of research material such as journal articles
  • provide basic skills in support of both other modules taught on the MA Programme and dissertation research involving quantitative and qualitative analysis
 

Semester two

Core modules

Bank Modelling and Performance Analysis

The module covers: Data Sources in Applied Banking; introduction to Bankscope, Fame and other library sources; analysis of bank accounts and interpretation, ratio analysis in banking - asset, liability and expense management ratios; non-proportionality in banking ratios; risk and statistical analysis of banking ratios; estimation of economies of scale and X-efficiency; non-parametric and parametric modelling techniques; empirical estimation of market concentration; UK bank regulation and supervision; EU and US stress testing of banks.

On completion of this module students should have an understanding of how to analyse and estimate the economic efficiency of banks and the competitive structure of banking markets.

 
Financial Security Valuation

Equity, fixed income and derivative securities will be considered individually and portfolios. These will be presented as extensions of previously studied material as well as new topics.

The module aims to:

  • understand the ideas and methods used to value the most common financial securities, including equities, bonds and derivatives
  • understand the uses of these securities both individually and in combination
 

Choose two modules from:

Behavioural Economics and Decision Making

The module is split into two parts. The first part focuses upon the methods and models associated with behaviour. These sessions will introduce key concepts in bounded rational behaviour and apply these to specific economics models and financial markets. The second part of the module concentrates on designing your own experiment and interpreting empirical results. You will analyse studies of bounded rational behaviour, labour markets, asset markets, experimental behavioural finance, social dilemmas, preferences, public goods, reciprocity, bargaining and contests.

The module will be interactive, you will undertake experiments and analyse results.

In this module, the aim is to provide students with:

  • an understanding of behaviour in an economic context
  • an understanding of behavioural methods
  • knowledge of theoretical models of behavioural economics
  • knowledge of applicable behavioural tools
  • the ability to interpret results
  • knowledge of how to design an experiment and collect data
 
Financial Reporting

The module covers: financial reports, regulation of financial reporting; creative accounting; techniques of accounting analysis; standard setting; relationship to capital; auditing and accounting research.

The module aims to:

  • provide a detailed examination of the principles of financial reporting and accounting theory and highlight their links to corporate governance
  • introduce techniques of financial appraisal of accounting data
  • provide a foundation of knowledge and skills as a basis for further in-depth study of financial modules or the dissertation
 
Financial Services: Context, Consumers and Markets*

The module covers the following:

  • The context of financial services with a particular focus on the UK, including current regulatory developments, consumer policy initiatives and current market developments and controversies
  • A focus on the challenges associated with the marketing of financial services and how the principles and tactics of marketing are employed in financial services markets
  • Coverage of the debate surrounding the importance of ethics and professionalism in financial services provision
  • Detailed analysis of consumer behaviour and in particular decision making in financial services markets

The module aims to provide students with a detailed insight into and understanding of:

  • the context within which consumers and firms operate in financial services markets
  • the challenges associated with the marketing of financial services
  • current understanding of consumer behaviour and decision making and attendant implications for firms and policymakers
 
International Finance

This module examines contemporary developments in the theory and practice of international financial management. It includes analysis of foreign exchange markets and international financial markets, including international banking and the Euromarkets. Emphasis is placed on discussion of risk management techniques to protect against both currency and political risks. Both long term international investment and financing decisions and short-term exporting decisions form part of the course.

The module aims to:

  • develop an in-depth understanding of international finance and financial markets
  • analyse risks that exist in international finance including foreign exchange, foreign trade and investment risks and to select and use appropriate techniques to manage such risks
 
Risk Management in Financial Institutions*

Risks specific to financial institutions (including liquidity, credit, market, and operational); techniques for managing such risks; the organisation of the risk management process in financial institutions. Financial institutions include banks, other deposit-taking institutions, life and general insurance companies. Content complements that covered in modules such as Corporate Risk and Quantitative Risk Management.

The module aims to develop students' knowledge and understanding of the risks faced by financial institutions, the techniques used to manage such risks, and the problems and issues faced in this process.

 

* In order to graduate with Chartered Banker Status, you must choose both of these modules.


Summer

12,000-15,000 word individual dissertation on an approved subject relevant to the MSc Banking and Finance. 

For more details on our modules, please see the module catalogue.

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.

 
 

Funding

Funding may be available through the Business School.

UK/EU students

Funding information can also be found on the Graduate School website.

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Applications for 2017 entry scholarships will open in late 2016. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

 
 

Careers

Postgraduate Careers Service

As a postgraduate student at Nottingham University Business School you will have access to our specialist in-house Postgraduate Careers Service to help you develop your career management skills and explore your career options. Through a combination of your academic studies and the careers support on offer you will be in an excellent position to enhance your career prospects.

Average starting salary and career progression

In 2014, 87% of postgraduates in the Nottingham University Business School who were available for employment had secured work or further study within six months of graduation. The average starting salary was £26,611 with the highest being £34,000.*

* Known destinations of full-time home and EU postgraduates, 2013/14.

Career destinations for our graduates include accountants, finance and investment analysts, higher education teaching professionals, investment bankers, IT business analysts, management consultants, marketing professionals, public relations professionals and university researchers.

Career prospects and employability

The acquisition of a masters degree demonstrates a high level of knowledge in a specific field. Whether you are using it to enhance your employability, as preparation for further academic research or as a means of vocational training, you may benefit from careers advice as to how you can use your new found skills to their full potential.

Our Careers and Employability Service will help you do this, working with you to explore your options and inviting you to attend recruitment events where you can meet potential employers, as well as suggesting further development opportunities, such as relevant work experience placements and skills workshops.

 
 
 
Get in touch
+44 (0)115 951 5614
  or +44 (0)115 846 6979

Contact

Jane Flint/Ruth Evans
Nottingham University Business School
Jubilee Campus
Nottingham
NG8 1BB
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