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Banking and Finance Masters (MSc)

Mode Duration Attendance Start date
Full time 1 year 1–4 days per week September 2015
Part time 2 years 2 days a week September 2015

Choose Kingston's Banking and Finance MSc

This course produces highly skilled, analytical and forward-thinking graduates who are ready to slot into a specialised roles in the banking, financial services, finance and financial consultancy sectors. This is a demanding programme, but has an outstanding pass rate. It is suitable for students from a variety of academic backgrounds, including those with industry experience and those who do not have a bachelors' degree in economics, finance or accountancy. There is also an option to study the course part time, so you can apply your learning in the workplace straight away.

  • The programme has been designed in consultation with finance professionals at RBS Capital Markets, Commerzbank AG, Standard Chartered Bank and NatWest Bank to give you the practical, real-life skills computer and research skills employers require in this highly competitive sector.
  • Kingston Business School is one of only a handful of UK universities that offer a Bloomberg Trading Room. Students work with industry standard databases, such as Thompson Datastream Advance.
  • Guest speakers, such as the former head of Financial Services Authority.
  • Get more than an MSc: when you study this programme you can also apply for Bloomberg certification as well as exemptions from the Association of Chartered Certified Accountants (ACCA) exams. These industry-recognised qualifications give graduates a huge advantage in the jobs market. The course covers many aspects of the Chartered Financial Analyst (CFA) credential, helping to prepare you for their professional examination.
  • Regular talks from practising industry experts.
  • Study alongside international students in class discussions and working groups, giving you a both an enhanced perspective on the course material and a global alumni network.
  • Choose whether to study part time or full time.

"Like for like, this is one of the top programmes in the UK...it was created and is taught by academics who have worked at leading international business schools as well as top global financial institutions." – Dr Mohammed Nurullah, Course Director.

What will you study?

The banking and finance master's degree is designed to demonstrate the links between theory and practice. Taught sessions use real life examples and case studies, while the assessments also expose you to real life problems and solutions.

The core modules on this course will show you how to manage assets, liquidity and risk, and how to analyse credit, interest, statements and rates. You will also learn about corporate finance and industry regulation. You will also get the opportunity to work in Kingston Business School's Bloomberg Trading Room.

You will study eight taught modules, then undertake a research project.

Assessment

You will be assessed via examinations, coursework assignments, case studies, presentations and research projects.

Course structure

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.

Core 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 introduced to the elements of banking and finance to establish a framework for learning about 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.

     
  • This 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.

     
  • 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 on this foundation by studying the way financial institutions measure key risks. 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.

     
  • This is a core module which takes place in two parts during the first and second terms. Part one will give you an understanding of the numerical techniques used to help strategic decision-making in the business and finance world. 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 two is about understanding research methodology, and the methods and skills that you will need to complete your research project over the summer.

     
  • 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. It 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 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.

     
  • During this module, you will gain a thorough understanding of 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 looks at the different types of investment banks and the strategies they employ. You will cover:

    • investment banks;
    • private equity investment - types and techniques;
    • debt and equity underwriting by investment banks;
    • trading techniques;
    • mergers and acquisitions;
    • securitisation;
    • hedge funds;
    • mutual funds and other funds; and
    • wealth management, and clearance and settlement.

     

    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 your practical experience of industry standard systems and use real, live data.

     
  • 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 two, and will be completed over the summer. It is an independent research project, and you will be supervised by an academic staff member with expertise in your chosen area. To complete this module, you will need to identify an issue to investigate, analyse the issue and structure your approach. You will need to examine relevant source material, carry out your own research (including collecting and analysing original data, or you will need to analyse existing data in an original way) and produce an action-oriented report based on your findings.

     
  • 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 are used by banks and other financial institutions. Initially you will learn about derivative securities; you will 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 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.

     
  • The module aims to develop a critical awareness of the evolving international issues in the financial services sector. It begins with critical examination of the prominent OECD countries' banking and other financial services. It then analyses the major emerging countries' banking and other financial services and the role of WTO and GATS. The module then examines and critically analyses some evolving international issues such as the development and growth of offshore banking, Islamic banking and takaful, and bancassurance. Finally, the module critically examines the global insurance and reinsurance markets including the role of London Market.

     

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, Portuguese, Russian and Spanish.

For further information:

Admissions team
Tel: +44 (0)20 8417 5203
Email us

Location

This course is taught at Kingston Business School

View Kingston Business School on our Google Maps

For further information:

Admissions team
Tel: +44 (0)20 8417 5203
Email us

Location

This course is taught at Kingston Business School

View Kingston Business School on our Google Maps
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