Banking and Finance MSc

Entry requirements:
2:1 +
Full-time:
1 year
Part-time:
Not available
Start date:
October 2018
UK/EU fees:
£12,850
International fees:
£21,000
Location:
Loughborough

Achievements

8th

for Economics

The Times and Sunday Times University League 2017

Top 10

Business School in national league tables

Top 1%

of business schools in the world to hold AACSB, EQUIS and AMBA accreditation

75%

Business and Management research is rated as 'world leading' or 'internationally excellent

REF, 2014

Overview

Our MSc Banking and Finance programme will equip you with the practical skills to understand and model banking and financial markets, using the toolkit of economics.

Banking and financial services are accessed worldwide every day by businesses and consumers. The performance of banking firms can shape global economies and enable businesses to grow.

Our MSc Banking and Finance programme will enable you to understand how the actions of governments, firms, households, and financial intermediaries affect national and global financial assets such as bond, equities and foreign exchange markets. In addition, you will be exposed to the theory and practice of bank credit and lending, as well as financial institution risk management.

Banking and Finance MSc is ideal for those who wish to pursue a career in banking, financial services, international financial management, or central banking and financial regulation.

On successful completion of this programme, you should be able to:

  • Understand and explain the functions and operations of institutions, financial markets and systems, with special reference to central banks, commercial banks and other financial intermediaries
  • Understand and explain the core theories of financial economics with respect to risk management, asset pricing and investment, and to be able to use these theories to assist them in asset management
  • Undertake independent applied research in banking and finance, using basic research tools and quantitative methods appropriate to the conduct of independent research.

What makes this programme different?

  • Scholarships available for the best candidates
  • Underpinned by the latest research and best practice
  • Opportunity to complete a research project
  • Develop practical skills to understand financial markets

Who should study this programme?

Our MSc Banking and Finance programme is ideal for graduates interested in careers in banking, financial services, international financial management, or central banking and financial regulation and equips you with the knowledge and skills to apply the toolkit of economics to model the performance of banking and financial markets and the implications of this for the sector and the wider economy.

An honours degree (2:1 or above) or equivalent overseas qualification in economics, finance, business, management, management science, operations research, or related disciplines. Applicants from other disciplines will also be considered provided that your degree includes at least introductory modules in economics and an introduction to quantitative subjects such as calculus and statistics.

Applicants from other degree disciplines may be considered, but as for all applicants, good (2:1 or above) grades in relevant mathematics/statistics modules are expected.

See our full list of International Qualification Equivalencies for all countries. Degrees must be obtained from a university or institution recognised by Loughborough University. Please contact us to clarify if required.

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component. The School will accept lower IELTS scores if you undertake the University's pre-sessional English course. TOEFL with an overall score of 92, and no sub-test score below 22.

See full list of English language qualifications we accept, with full details on each.

What you'll study

Our modules are underpinned by the latest research and best practice, having been designed to provide you with up-to-date and relevant knowledge of banking, finance and research methods. There is also some opportunity to choose optional modules that will enable you to specialise in the areas of economics, banking and finance that best suit your career ambitions and interests. You will also be able to sharpen your applied research skills by either completing a Banking and Finance project or participating in Applied Research Practice seminars.

Modules

Banking and Finance MSc covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

Semester 1

This module covers the fundamental concepts of financial economics, and teaches students how to model investor behaviour under conditions of uncertainty. Students learn how to apply and interpret asset pricing models and evaluate capital market efficiency.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

The module provides an overview of the financial system, in which students develop an appreciation of the economic problems confronting financial institutions and markets. The course focuses on the organisation and operation of the major financial institutions and markets, the impact of technology and regulation on the evolution of the industry.

Assessment: The module is assessed by 25% coursework and 75% exam, but the university reserves the right to alter this.

This module provides students with statistical and econometric techniques required to analyse economic data and test some of the most influential economic theories.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module enhances students’ skills in communicating research ideas and economic arguments to academic and non-academic audiences. Students learn how to use online literature databases, formulate research proposals, review any literature by critical constructive synthesis and make oral presentations.

Assessment: The module is assessed by 100% coursework, but the university reserves the right to alter this.

Optional modules (choose one)

This module provides an introduction to important topics in microeconomic theory that are relevant for applications such as banking, finance and business. Students are provided with a grounding in the analytical methods required to understand the topics taught in the optional modules.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module teaches macroeconomic theory and models, with applications to the financial system and markets. Students learn about the role of economic policies in producing and sustaining economic growth and financial stability of an economy.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Semester 2

This module equips students with quantitative techniques and skills necessary to conduct empirical work in the area of applied finance and economics.

Assessment: The module is assessed by 40% coursework and 60% exam, but the university reserves the right to alter this.

This module analyses the in-depth causes, implications of, and regulatory responses to the 2008 global financial crisis (GFC) where topics covered include the role of financial innovation and derivative instruments in causing the crisis, and scenarios for bank business models and financial regulation in the post-GFC era.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Optional modules (choose two)

The module teaches basic theory of options and futures pricing in order to promote an understanding of how different financial instruments can be combined into portfolios for hedging, speculation and arbitrage purposes. The module emphasises how such instruments are used in asset management.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module focuses on modern theories of corporate finance and students are taught how such theories can be applied to understand the financing and investment decisions of companies, particularly those quoted on global stock exchanges.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module examines the relationships between international capital flows, macroeconomic performance, and financial markets, which allow students to understand the behaviour of international financial markets and economic performance in an increasingly globalised world.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Summer period

The module enables students to develop skills in identifying and assessing complex and topical issues in banking and finance, and apply quantitative research techniques to analyse current issues confronting the banking and financial sectors.

Assessment: The module is assessed by 100% coursework (50% presentation and 50% written coursework), but the university reserves the right to alter this.

Optional modules (choose two)

This module builds on the Banking and Finance in Practice module and allows students to gain experience in conducting independent applied research on contemporary issue relevant to banking and finance. In the process, you will improve your employment prospects by strengthening your ability to effectively communicate your knowledge, understanding and recommendations to policy makers and managers.

Assessment: The module is assessed by 100% coursework, but the university reserves the right to alter this.

Students apply and communicate their knowledge of a contemporary issue in banking and finance through the development of guided group research tasks over the summer period, in which the economics tools learnt over the course of their studies are exploited. Each student will focus on a particular aspect of policy making, and will be individually assessed at the end of the summer period.

Assessment: The module is assessed by 100% exam, but the university reserves the right to alter this.

How you'll be assessed

You will be assessed by a combination of group and individual coursework as well as exams.

How you'll study

Seminars
Tutorials
Independent study
Group work
Field trips
Workshops

Your personal and professional development

Our School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Graduates will be equipped for a career in financial services, international financial management, central banking and financial regulation, or government and economics consultancies.

Graduate destinations

Recent graduate destinations include:

  • Bank of China – China, Senior Manager
  • China Everbright Bank, Client Manager
  • China National Coal Group Corp., Settlement Analyst
  • Government Savings Bank, Banking Officer
  • Guosen Securities, Financial Market Trader
  • Hangseng Bank Co., Relation Manager
  • ICAP, Foreign Exchange Broker
  • KPMG, Audit Associate
  • PriceWaterhouseCoopers, Trainee Accountant
  • Shenzhen Development Bank, Accountant
  • VTB Bank – Armenia, Head of Large Corporate Clients Division
  • Xianda College of Economics and Humanities, Lecturer.

Your personal development

On successful completion of this programme, you should be able to:

  • Critically analyse and evaluate complex topics, formulate key arguments from an extensive range of evidence and apply logical problem solving
  • Use advanced information technology (e.g. handling of large data sets, multifaceted information retrieval and spread-sheet methods)
  • Demonstrate advanced skills in numerical interpretation and reasoning, and apply appropriate mathematical and statistical analysis techniques.
  • Demonstrate effective personal organisation including time management, independent study, self-direction, decision-making and written and oral communication
  • Use effective team-working skills including leadership, team-building and project management.

Masterclasses and Public Lectures

As part of our ongoing commitment to supporting you with your personal and professional development, all our Business and Economics postgraduate students have the opportunity to attend an impressive range of extra-curricular masterclasses and public lectures – all on campus and free of charge.

We provide a range of different sessions to offer you the chance to broaden your horizons with a wide range of business-related topics covered speakers from the Bank of England, Shazam, Shell and Dell just to name a few.

Fees and funding

UK/EU:
£12,850
International:
£21,000

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Our students and academics

Yiran Wang

Banking and Finance MSc

From studying this course, I can gain professional knowledge about finance - which will be good for my career.

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