Banking and Finance Masters (MSc)
Facts about Banking and Finance
|Duration||Full time: 1 year
Part time: 2 years
|Attendance||Full time: typically 3 days a week
Part time: 2 days a week
|Assessment||Examinations; coursework assignments; case studies; presentations; research projects|
Choose Kingston's Banking and Finance MSc
Kingston Business School's Banking and Finance MSc degree course is designed to help propel students into rewarding, exciting and challenging careers in the banking, financial services, finance and financial consultancy sectors.
The programme is suitable for students from a variety of academic backgrounds, including those with industry experience and those have not studied economics, finance or accountancy at bachelors level. This programme is designed to produce highly skilled, analytical and forward-thinking graduates who are ready to slot into a specialised role.
Kingston Business School is a globally-recognised institution, and the programme of learning is practical and well-integrated. This masters course regularly uses real-world examples, live data from the Bloomberg Trading Room, and the latest research papers. You will be given regular talks from practising industry experts, and opportunities to gain industry qualifications, giving graduates a head start in the jobs market.
This is a demanding programme with an outstanding pass rate. Kingston Business School's Banking and Finance MSc graduates have gone on to careers in major banks such as Barclays, HSBC, Banco Santander, Lloyds TSB, Russell Investment Group, the World Bank, Citigroup and Azadea Group. Graduates from of this programme have also gone on to careers in government and non-government offices, such as the UK Department of Works and Pensions, Monetary Authority of Maldives, Bloomberg, and KPMG.
- Resources: the Kingston Business School has a wealth of academic resources including journal subscriptions, IT suites and an extremely well-stocked library. In addition, the Faculty has a subscription to Thompson Reuters Datastream, giving students information on all PLC companies going back to 1963. The University is one of only a handful of UK universities with a Bloomberg trading room. Find out more about our facilities.
- Qualifications and exemptions: Kingston students can apply for Bloomberg certification as well as exemptions from the Association of Chartered Certified Accountants (ACCA). These industry-recognised qualifications give graduates a huge advantage in the jobs market.
- International: Kingston Business School is proud to have a truly international student body. During your masters you will meet and work with students from a wide variety of countries and cultures. This will add international insight to class discussions and working groups, and contributes to a strong global alumni network.
What will you study?
This course will teach you how to turn theory into practice. It will cover how to manage assets, liquidity and risk as well as the analysis of credit, interest, statements and rates. It covers corporate finance, and industry regulation.
Upon successful completion of this course, you should be able to:
- acquire an advanced level of knowledge of the theories, models and practice of banking, finance, investment, risk, and regulation;
- understand how the role of banking and finance integrates within the wider business environment;
- demonstrate clarity in problem definition, and demonstrate the ability to critically analyse and use relevant information to offer interpretations and solutions within a multi-disciplinary business perspective; and
- recognise and respond to the relationships between different functions within financial services organisations.
You will have the opportunity to study a foreign language, free of charge, during your time at the University as part of the Kingston Language Scheme. Options currently include: Arabic, French, German, Italian, Japanese, Mandarin and Spanish.
The course consists of eight taught modules, plus research methods and a dissertation.
Please note that this is an indicative list of modules and is not intended as a definitive list. Those listed here may also be a mixture of core and optional modules:
The induction will introduce you to the Kingston Business School resources, staff and fellow students and will explore the course ethos, expectations and vehicles for learning. You will be introducted to elements of banking and finance to establish a framework for the acquisition of theory later on in the programme. Personal, communication, research and career skills activities provide a fun introduction to the personal development aspects of the programme.
Bank Operations and Strategy
The module covers the principles of general and strategic management and how they link to banking and other financial institutions. You will develop your critical awareness of the evolving structure of the financial institutions sector, then analyse the balance sheets of financial institutions. The module considers operations in detail, looking at: managing liquidity and liabilities; asset management – both the consumer lending decision and asset management; business lending decisions; and loan sales and securitisation. The module finishes by analysing how financial institutions create value through marketing, distribution, diversification and innovation.
Bank Financial Risk Management
This module aims to develop your critical awareness of financial risk within financial institutions and in a wider context. You will analyse financial institutions, then build upon this foundation by analysing the measurement of key risks which financial institutions are exposed to. This will include a detailed analysis of credit, liquidity, interest rates and market risk. You will consider management issues including: the role of capital; liability and liquidity management and product diversification. The module concludes by analysing how banks use the financial markets in risk management.
Financial Modelling and Research Methods
This is a core module which takes place in two parts, the first and second terms. Part 1 will give you an underpinning and understanding of numerical techniques used in the business and finance world to help strategic decision-making. It will give you the accounting, mathematical and statistical foundations you will need in accounting and finance over the course of your masters degree. Part 2 is about understanding research methodology and the methods and skills that you will need to complete your research project over the summer.
Corporate Finance and Financial Statement Analysis
This module will teach you about a unique combination of major contemporary theoretical and empirical developments in corporate finance, and the analysis and valuation of companies from both an accounting and financial perspective. The corporate finance section will help develop your critical knowledge and understanding of the core theories and concepts in the field of corporate finance. It aims to develop your skills and ability to apply this knowledge and understanding in real corporate cases. The financial statement analysis section will develop your critical knowledge and understanding of accounting principles and enable you to analyse financial statements and reports using financial ratios and other metrics. You will assess corporate profitability and financial stability and learn to critically evaluate the corporate reporting choices. This module will be especially useful for students interested in careers in the corporate or financial services sectors, as well as those interested in working as financial advisers, consultants or analysts.
Portfolio Theory and Investment Banking
In this module you will gain a thorough understanding of the modern portfolio theory and its implications for asset pricing, asset management, and investment decisions associated with risk management. The main topics covered include:
- portfolio diversification;
- optimal portfolio construction;
- expected utility theory;
- capital asset pricing model;
- arbitrage pricing theory with application;
- the formulation and implementation of various active and passive investment strategies; and
- the analysis and management of risks associated with particular strategies.
This module also covers the different types of investment banks and the strategies they employ. You will also cover:
- investment banks;
- private equity investment - types and techniques;
- debt and equity underwriting by investment banks;
- trading techniques;
- mergers and acquisitions;
- hedge funds;
- mutual funds and other funds; and
- wealth management and clearance and settlement.
In this module you will construct and manage investment portfolios for a specific period and present the results. You will use the dedicated Bloomberg Trading Room and software packages to develop practical experience of the industry standard systems and be able to draw real, live data. Read more about the Trading Room.
Financial Services Regulation and Compliance
This module considers the theoretical background to the regulation of financial services and sets that theory in context through the study of the structure and practice of regulation. You will look at the practice of regulation in a number of different financial service settings, and use real examples to test the theories and see them in action.
This module begins in Semester 2, and will be completed over the summer. It is an independent research project which you will work on with the supervision of an academic staff member with expertise in your chosen area. To complete this module you will need to identify an issue or problem to investigate, analyse the issue and structure your approach. You will need to examine relevant source material, carry out your own research (including the collection and analysis of original data, or you will need to analyse existing data in an original way) and produce an action-oriented report based on your findings.
Option modules (choose one)
Islamic Banking and Insurance
This module aims to equip you with principles and understanding of Islamic Banking and Insurance and its practical application in the industry. The module explains the overview of the Islamic banking and insurance industry, Islamic financial instruments, Islamic financial contracts, Islamic financial institutions and regulations.
This module includes an evaluation of Islamic financial instruments with the assistance of software such as Bloomberg, Datastream, SPSS and Excel. This module also covers an introduction to Shariah principles and guidelines as applied in product development.
This module will help you develop a broad understanding of the nature of derivative securities and how they can be used successfully by banks and other financial institutions. Initially you will examine the nature of derivative securities, then look at the valuation methods available and the mathematics behind derivatives valuation. You will look at numerical schemes such as the binomial lattice to value derivative securities, and also focus on market calibration of alternative derivative models and how these models can be fitted to observed derivative prices. The module finishes by focussing on risk management in terms of market risk and credit risk.