Banking and Finance MSc

 
  
Qualification
MSc Banking and Finance
Duration
1 year full-time
Entry requirements
2.1 (or international equivalent) in accounting, business, management, finance, economics, or econometrics. Outstanding degrees in any discipline will be considered. One of mathematics; quantitative research methods; statistics; econometrics; computational finance or operational research module to have been studied in the final two years of the degree.
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 may be available
Start date
September
UK/EU fees
£12,960 - Terms apply
International fees
£24,975 - Terms apply
Accreditation
Chartered Banker Institute
Campus
Jubilee Campus
School/department
 

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's research has been awarded Centre of Excellence status by the Chartered Banker Institute (CBI) and 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 course deposit. For more details, please contact us.

Key facts

  • This course is accredited by the Chartered Banker Institute, the gold standard for banking professionals
  • This course is delivered by the Centre for Risk, Banking and Financial Services
  • Part of an elite group of EQUIS and AMBA accredited business schools
  • 6th in the UK for research power in the latest Research Excellence Framework, with teaching underpinned by the latest developments
  • An inspiring research portfolio worth £799m
  • 91.1% of MSc graduates from Nottingham University Business School secured work, self-employment or further study within six months of graduation
  • More than 19,000 Business School alumni connect you to a powerful global network of business contacts
 

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 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 assignments or group projects and written exams.

 
 

Modules

Core modules

Semester one

Bank Theory, Operations and Management

The module content includes:

  • an examination of the theories of the retail bank
  • an overview of the sector
  • central banking
  • bank capital
  • analysis of the balance sheet and income statement of banks
  • bank data and performance analysis using FRA
  • managing liquidity and liabilities
  • asset management and the lending decision
  • managing the investment function
  • the use of loan sales and securitisation
 
Consumers, Ethics and Regulation in Finance

This 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
 
Corporate Financial Strategy

The module covers:

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

This module covers:

  • bank data sources
  • analysing bank data
  • stata – panel data analysis
  • bank modelling theory
  • estimating asset scale bank economies
  • estimating translog and share equations (clustering)
 

Semester two

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.

 
Quantitative Research Methods for Banking

This module covers:

  • data sources in banking
  • analysis of bank accounts and interpretation, dynamic modelling of financial ratios
  • estimation of economies of scale and X-efficiency
  • empirical estimation of market concentration
  • risk management modelling
 

Optional modules

One of:

Bank Risk Measurement and Management

This module covers:

  • a re-examination of bank asset transformation and risk exposure
  • measuring and managing credit risk
  • measuring and managing liquidity risk
  • measuring and managing interest rate risk
  • market risk exposure and management
  • using bank capital in risk management
  • operational and conduct risk
  • the use of derivatives in bank risk management
 
Quantitative Risk Management

The module covers:

  • the development of quantitative risk management and its use by firms to measure and manage their risk
  • measures of risk: value at risk, expected shortfall, and other risk measures
  • uses of quantitative risk measures: estimating risk measures - historical simulation approaches, parametric approaches and Monte Carlo simulation approaches
  • volatility forecasting
  • estimating liquidity risks
  • backtesting risk models
  • risk measurement using Extreme Value Theory
  • model and parameter risk
 

Two 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.

 
Central Banking Theory and Practice

This module covers the following:

  • International finance and globalisation
  • Exchange rates regimes: to float or not to float?
  • In search of an international monetary system
  • Central banks and monetary policy
  • Bank vs. market based economies
  • Economics of bond markets and interest rates
 
Contemporary Issues in Banking

This module covers bank regulation, stress tests, digital banking, and current issues.

 
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
 

 

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

See information on how to fund your masters, including our step-by-step guide. Further information is available on the 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
  • university researchers

Postgraduate careers team

Our in-house Postgraduate Careers Team provides expert advice and guidance so that you can make an informed decision about the right career path for you.

As soon as you have accepted your offer of a place at the Business School, we can begin working with you to support your career planning needs. You can take part in pre-course careers discussions and take advantage of remote and online support through Career Leader, an online assessment tool which helps you to measure your business interests and motivations before starting your course. Our support continues throughout your time at Nottingham and after you graduate.

Employability and average starting salary

91.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £25,000 was the average starting salary, with the highest being £57,200.*

* Known destinations of full-time home postgraduates 2016/17. 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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