Banking and Finance MSc

 
  

Fact file

Qualification
MSc Banking and Finance
Duration
1 year full-time
Entry requirements
2.1 (or international equivalent) in accounting, business studies, economics, finance or management; outstanding degrees in any discipline also considered
Other requirements
Personal statement and a list of modules being studied in the final year (for applicants who have not yet completed their undergraduate 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
School/department
Tuition fees
You can find fee information on our fees table.
 
Please note: Applications for this programme for 2018 entry will close on 1 April 2018.

Overview

Accredited by the Chartered Banker Institute, this course aims to bring you the latest knowledge about banking, financial markets and risk in the financial sector.
Read full overview

The Business School is a world leader in banking education and our research has been awarded Centre of Excellence status by the Chartered Banker Institute (CBI). On this course, you will be joined by leading industry experts who will share their experiences of the financial world.

This course is ideal for those wanting to pursue a career in the financial markets department of an international bank before moving into a high-level managerial position.

It 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 also be introduced 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.

Pursuing my masters in the UK has always been my dream and I chose the University of Nottingham for a combination of factors. Its positioning in the world rankings and the diverse combination of business subjects on offer were striking features. The course has the right combination of banking and is also accredited by the Chartered Banker Institute.
 

Maria Theresa Famila, MSc Banking and Finance

Yuzhu Li, MSc Banking and Finance

Academic English preparation and support

If you require additional support to take your language skills to the required level, you may be able to attend a presessional course at the Centre for English Language Education, which is accredited by the British Council for the teaching of English in the UK. Students who successfully complete the presessional course to the required level can progress to postgraduate study without retaking IELTS or equivalent.

Specialist business and management courses are available and you could be eligible for a joint offer, which means you will only need to apply for your visa once. Students who enter via the CELE route are exempt from paying the school's £2,000 reservation fee. For more details, please contact us.

Key facts

 

Course details

Across the autumn and spring semesters, you will take 120 credits of taught modules. Each module typically consists of 10 two to three hour sessions.

You will complete a 60-credit 12-15,000-word dissertation over the summer, and will be allocated an appropriate dissertation supervisor who will oversee your progress.

Assessment

You will be assessed through a combination of individual essays or group projects and written exams.

 
 

Modules

Core modules

Semester one

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
 
Corporate Financial Strategy

The module covers:

  • investment, capital structure and divident decisions from a shareholder value perspective
  • capital market behaviour (background)
  • mergers
  • real options
 
Introduction to Research Methods

Part 1: Introduction Quantitative Analysis

  • Survey design and measurement
  • Introduction to statistics; hypothesis testing, t-tests, ANOVA, regression analysis and factor analysis

Part 2: Introduction Qualitative Analysis

This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.

 
Further Quantitative Research Methods

The module includes:

  • matrix algebra
  • differential calculus
  • multiple regressions
  • time series
  • qualitative response
  • panel data models
 

Semester two

Bank Modelling and Performance Analysis

The module covers: 

  • data sources in banking
  • analysis of bank accounts and interpretation, ratio analysis in banking - asset, liability and expense management ratios
  • risk and statistical analysis of banking ratios
  • estimation of economies of scale and X-efficiency
  • empirical estimation of market concentration
  • UK bank regulation and supervision
  • EU and US stress testing of banks
  • loans loss provision modelling
 
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.

 

Optional modules

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.

 
Financial Reporting

The module covers:

  • financial reports
  • regulation of financial reporting
  • creative accounting
  • techniques of accounting analysis
  • standard setting
  • relationship to capital
  • auditing
  • accounting research
 
Financial Services: Context, Consumers and Markets*

The module covers:

  • 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
 
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 module.

 
Islamic Banking, Finance and Accounting

The module will cover:

  • the underlying concepts, practices and new trends of Islamic banking and finance
  • the differences and similarities with the theories and business models of conventional banking and finance
  • financial, risk and governance implications of Islamic Law (Shari'ah)
  • Islamic insurance (Takaful)
  • Islamic financial instruments
  • interactions between Islamic accounting standards and IFRS
  • development and integration of Islamic windows in conventional financial institutions
 
Risk Management in Financial Institutions*

The module covers 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.

 

* Required for Chartered Banker Status.

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 information is available on the school website and can also be found on the Graduate School website.

Government loans for masters courses

The Government offers postgraduate student loans for students studying a taught or research masters course. Applicants must ordinarily live in England or the EU. Student loans are also available for students from Wales, Northern Ireland and Scotland.

International and EU students

Masters scholarships are available for international students from a wide variety of countries and areas of study. You must already have an offer to study at Nottingham to apply. Please note closing dates to ensure your course application is submitted in good time.

Information and advice on funding your degree, living costs and working while you study is available on our website, as well as country-specific resources.

 
 

Careers

Professional accreditation

Chartered Banker Institute

This course is accredited by the Chartered Banker Institute, the gold standard for banking professionals.

Career destinations

Career destinations for our postgraduates 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.

Postgraduate careers team

Taught students benefit from the support of our postgraduate careers team who will help you to explore your career options and develop your career management skills. Our weekly MSc Advanced Career Leaders Programme is complemented by individual careers consultations, networking events and access to a wide range of employer presentations, volunteering activities and work experience opportunities.

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 and move onto the next stage of your career.

Employability and average starting salary

82.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £28,500 was the average starting salary, with the highest being £50,000.*

* Known destinations of full-time home postgraduates 2015/16. Salaries are calculated based on the median of those in full-time paid employment within the UK.

Career and professional development

Whether you are looking to enhance your career prospects or develop your knowledge, a postgraduate degree from the University of Nottingham can help take you where you want to be.

Our award-winning Careers and Employability Service offers specialist support and guidance while you study and for life after you graduate. They will help you explore and plan your next career move, through regular events, employer-led skills sessions, placement opportunities and one-to-one discussions.

 
 
 
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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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Nottingham University Business School
Jubilee Campus
Nottingham
NG8 1BB
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