Banking and Finance MSc

Why choose this course?

The Banking and Finance MSc produces highly skilled, analytical and forward-thinking graduates who are ready to slot into specialised roles in the banking, financial services, finance and financial consultancy sectors. This is a demanding programme which has an outstanding pass rate.

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. As well as learning about corporate finance and industry regulation. 

You will also get the opportunity to work in Kingston Business School's Bloomberg trading room.

This course is suitable for students from a variety of academic backgrounds, including those with industry experience and those who do not have a bachelor's degree in economics, finance or accountancy. You can study the course part time, so you can apply your learning in the workplace straight away.

 

Mode Duration Attendance Start date
Full time 1 year 1–4 days per week September 2020
Full time 2 years including professional placement 1–4 days per week plus placement year September 2020
Part time 2 years 2 days a week September 2020
Location Kingston Hill

Reasons to choose Kingston University

  • Kingston Business School is one of only five per cent of the world's business schools to be accredited by AACSB International.
  • This course is accredited by the Association of Corporate Treasurers and offers exemptions from its professional exams.
  • Kingston is one of the few UK universities with a Bloomberg trading room. It also has specialist databases such as Thomson Reuters, Bloomberg and Fame.
  • Free car parking at the Kingston Hill campus is available for students of this course. The campus can also be easily accessed by public transport. Halls accommodation is just a walk away from the classrooms.

Kingston Business School Accreditations

Kingston Business School holds the prestigious international accreditation by the AACSB (Association to Advance Collegiate Schools of Business) in recognition of the excellence of its business education. This accreditation has been earned by just 5% of the world's business schools and recognises the high quality and standard of our business degree offering.

Kingston Business School Accreditations

Accreditation

Association of Corporate Treasurers

Association of Corporate Treasurers

Association of Corporate Treasurers

This course is accredited by the Association of Corporate Treasurers (ACT).

Upon completion of module International Money & Finance (BA7020) you will gain exemptions from the Certificate in Treasury units: Unit 1: The context of treasury; Unit 2: Cash and liquidity management; and Unit 3: Corporate finance.  You would then be required to complete two further units to complete the CertT.

This accreditation is renewed on an annual basis.

What you will study

This course 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. Year 1 is made up of seven core modules, one optional module and a research project. Year 2, the Professional Placement Year, is optional and offers a full year of work experience.

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.

Year 1

Year 2 (optional)

Core modules

Corporate Finance and Financial Statement Analysis

30 credits

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.

Financial Modelling and Research Methods

30 credits

The Financial Modelling and Research Methods module is a core module for the postgraduate modular finance scheme. The module has two parts. The first part provides an underpinning and understanding of numerical techniques used in the business and finance world to aid strategic decision making. It aims to provide students with the accounting, mathematical and statistical foundations that are necessary in the areas of accounting and finance. The second parts deals with an understanding of research methodology and the research methods and skills that the students will need to complete their research project successfully during the summer period.

Portfolio Theory and Investment Banking

30 credits

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.

Bank Operations and Strategy

15 credits

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.

Bank Financial Risk Management

15 credits

The module aims to develop a critical awareness of financial risk within financial institutions and in a wider context. It will begin with an analysis of financial institutions, and then build upon this foundation by analysing the measurement of key risks to which financial institutions are exposed. This will include a detailed analysis of credit, liquidity, interest rate and market risk. The module will then consider management issues including: the role of capital; liability and liquidity management and product diversification. It will finish by analysing the banks utilisation of the financial markets in risk management. The course has a substantial quantitative component but also provides intuition needed to understand the fundamental mathematics of bank financial risk management. The module will provide candidates with the computer and research skills required by employers in this highly competitive sector. There will be also a programme of guest lecture from banking and financial services sector experts.

Financial Services Regulation and Compliance

15 credits

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.

Optional modules

Financial Engineering

15 credits

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.

International Money and Finance

15 credits

This module offers an intuitive analysis of the international financial management environment. It studies the role and functions of international financial markets (FX, capital markets) and institutions, and assesses the tools that can be employed by firms' managers to assess and control for risk in these markets. Moreover, it provides students with an understanding of international economic linkages, international monetary systems, and parity conditions in international financial markets. Several real world examples and journal articles are employed to bring together theoretical considerations and practise. This module is assessed with a combination of an exam and a coursework and is delivered by weekly seminars.

Research project

Research Project

30 credits

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 professional placement year is optional. It takes place after the full time year. It allows students to do a 12-month work placement as part of their course. The work placement is an assessed part of the course and is therefore covered by a Tier 4 visa.

Find out more about the postgraduate work placement scheme.

Core module

Professional Placement

120 credits

The Professional Placement module is a core module for those students following a Master's programme that incorporates an extended professional placement that follows completion of the first 180 credits of taught modules and project or dissertation. It provides students with the opportunity to apply their knowledge and skills in an appropriate working environment, and to develop and enhance key employability skills and subject specific skills in their chosen subject.

It is the responsibility of individual students to locate and secure a suitable placement opportunity; this will normally involve one placement which must be completed over a minimum period of 10 months and within a maximum of 12 months. The placement must be approved by the module leader prior to commencement to ensure its suitability.

The information above reflects the currently intended course structure and module details. Updates may be made on an annual basis and revised details will be published through Programme Specifications ahead of each academic year. The regulations governing this course are available on our website. If we have insufficient numbers of students interested in an optional module, this may not be offered.

After you graduate

This course can help lead to careers in financial services, corporate finance, treasury or banking sectors.

Typical roles may include trader, financial analyst, investment banker, portfolio/fund manager and other banking positions. 

Graduates have gone on to work for financial banks and government organisations, including: HSBC, Barclays Bank, Gulf International Bank, Royal Bank of Scotland, Macquarie Bank, Maldives Monetary Authority, World Bank Group, Crédit Agricole Corporate & Investment Bank, Deloitte and JPMorgan Chase.

Our alumni have also secured roles within national and international companies including Royal Mail, Otis Elevator Company, L'Oreal, Matalan, Bonmarche and Asda Stores Ltd.

Entry requirements

Typical offer

We welcome applications from anyone with a good honours (or equivalent) in any relevant discipline.

If you do not have an honours degree, you will need to show us evidence that you know enough about the relevant subjects to understand the course materials. For example, you might have professional qualification, training or work experience in a relevant field (contact the postgraduate admissions team to find out more).

Pre-Masters programme

If you don't meet these entry requirements, our Pre-Masters programme can prepare you for the course.

International

Please note: most students from countries outside the European Union/European Economic Area and classified as overseas fee paying, are not eligible to apply for part-time courses due to UK student visa regulations. For information on exceptions please visit the UKCISA website or email our CAS and Visa Compliance team.

All non-UK applicants must meet our English language requirement, which is Academic IELTS of 6.5 overall with no element below 5.5. Make sure you read our full guidance about English language requirements, which includes details of other qualifications we consider.

Applicants who do not meet the English language requirements could be eligible to join our pre-sessional English language course.

Applicants from a recognised majority English speaking countries (MESCs) do not need to meet these requirements.

Teaching and assessment

Guided independent study

When not attending timetabled sessions you will be expected to continue learning independently through self-study. This typically will involve reading journal articles and books, working on individual and group projects, undertaking preparing coursework assignments and presentations, and preparing for exams. Your independent learning is supported by a range of excellent facilities including online resources, the library and CANVAS, the online virtual learning platform.

Support for postgraduate students

As a student at Kingston University, we will make sure you have access to appropriate advice regarding your academic development. You will also be able to use the University's support services

Your workload

Type of teaching and learning

Year 1

Professional Placement Year

Year 1
  • Scheduled teaching: 342 hours
  • Guided independent study: 1458 hours
Professional Placement Year
  • Guided independent study: 50 hours
  • Placement: 1150 hours
  • Year 1 - 19% of your time is spent in timetabled teaching and learning activity
  • Professional Placement Year - 100% of your time is spent on guided independent study and placement
  • Contact hours may vary depending on your modules

How you will be assessed

Assessment typically comprises exams (eg test or exam), practical (eg presentations, performance) and coursework (eg essays, reports, self-assessment, portfolios, dissertation). The approximate percentage for how you will be assessed on this course is as follows, though depends to some extent on the optional modules you choose:

Year 1

Professional Placement Year

Year 1
  • Coursework: 84%
  • Practical: 1%
  • Exam: 15%
Professional Placement Year
  • Coursework: 100%
  • Practical: 0%
  • Exam: 0%

Feedback summary

We aim to provide feedback on assessments within 20 working days.

Your timetables

Each student receives a personalised timetable. This is usually available after you have completed your online enrolment, which is typically accessible one month before the start of your course.

Class sizes

You will be part of an intimate cohort of students which supports dedicated academic guidance and advice and the opportunity to build a life-long network of colleagues. Some modules are common across other postgraduate programmes therefore you will be taught alongside students who are on these courses within the School.

Who teaches this course

You will be taught by an experienced teaching team whose expertise and knowledge are closely matched to the content of the modules on this course. The team includes senior academics and professional practitioners with industry experience. The following group of staff members are currently involved in the delivery of different elements of this course. This pool is subject to change at any time within the academic year.

Fees for this course

Home and European Union 2020/21

  • MSc full time £11,280
  • MSc part time £6,204

Overseas (not EU) 2020/21

  • MSc full time £16,000
  • MSc part time £8,800

Fees for the optional placement year

If you choose to take a placement as part of this course, you will be invoiced for the placement fee in Year 2. Find out more about the postgraduate work placement scheme and the costs for the placement year.


Funding and bursaries

Kingston University offers a range of postgraduate scholarships, including:

If you are an international student, find out more about scholarships and bursaries.

We also offer the following discounts for Kingston University alumni: