Banking and International Finance (BSc (Hons))

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The award
BSc (Hons)

How long you will study
3 years

Domestic course fees
GBP 9250 per year

How you will study
full-time

Course starts
September

International course fees
GBP 17000 per year

All study options

About Banking and International Finance at City, University of London

Overview

Who is it for?

Your goal is a career in the global banking industry, with no limitations on the country where you end up working. As a vocational course, it is tailor-made for your ambition to go straight into a job in banking after you graduate. Thinking about a postgraduate qualification? Its academic rigour will prepare you equally well for further study.

Objectives

Whether your interest is domestic or international, this well balanced course has been designed to propel you to the top of the industry.

We offer a wide variety of specialisations: central banking, managerial finance, commercial and retail banking, financial analysis, operations, or strategy.

You can also choose how you complement your core modules, choosing from a wide variety of optional modules including quantitative techniques and financial management.

Course Director

Dr Francesc Rodriguez Tous

Lecturer in Banking

Structure

What will I learn?

  • Develop in-depth, specialist knowledge of banking
  • Understand the wide range of functions in banking
  • Understand the practicalities of  international finance and trade
  • Learn how to apply your academic training to develop and implement banking strategy
  • Understand new techniques and adapt them to new situations
  • Work efficiently and effectively in a management position.

Year 1

The first part of the course provides a strong foundation in financial markets, banking, economics and accounting, enabling students to relate study to the financial sector from an early stage and develop an understanding of the tools used in applied investment analysis, including mathematical, statistical, database, computing and presentation skills.

Core modules:

  • Banking and financial institutions

    This module looks at key functions of banking firm.  The emphasis is on what differentiates banks from other financial institutions, as well as the information problems inherent in the banking industry.  Participants will understand why financial intermediaries exist and their role/impact on the global economy.

  • Business skills

    This module covers communication skills, cognitive skills, IT skills, and social skills. The module aims to provide with an underpinning and understanding of a portfolio of key skills required in the business world to assist participants in their academic study and prepare them for their ensuing professional career.

  • Finance and investment

    This module is an introductory course providing participants with a basic understanding of the financial analysis role in decision-making.  More specifically, this module provides a basic level of the core principles of corporate finance, financial markets and investments.

  • Introductory financial accounting

    This module focuses on the interpretation and use of financial accounting information as part of the effective operation of a business.  Moreover it looks at the principles that underlie financial accounting, the application of these principles in recording transactions and the preparation of financial statements.

  • Introductory management accounting

    This module focuses on the principles that underlie management accounting, the application of these principles in preparing management accounting information, as well as the use of accounting information in the effective management of a business.

  • Macroeconomics

    This module looks at the macro aspects of economics such as market growth/cycles, measurement of aggregate activity, basic demand side models of GDP determination, aggregate demand/supply, money in the economy, the transmission mechanism of monetary policy, fiscal policy and the public sector, balance of payments, FOREX and international trade.

  • Microeconomics

    This module looks at the micro aspects of economics such as resource allocation, demand-supply and price, consumer demand, production and costs, oligopoly versus monopoly, as well as the roots of market failure/success.

  • Quantitative methods

    This module looks at the macro aspects of economics such as market growth/cycles, measurement of aggregate activity, basic demand side models of GDP determination, aggregate demand/supply, money in the economy, the transmission mechanism of monetary policy, fiscal policy and the public sector, balance of payments, FOREX and international trade.

Year 2

There is a focus on developing theoretical knowledge of banking and financial management, finance and economics. You will also study econometrics, which forms the basis of modelling and testing in banking and finance. You can choose an additional two elective modules to suit your own interests and aspirations from a wide selection.

Core modules:

  • Bank risk management

    This module introduces the principal sources of financial risk faced by financial intermediaries and the main techniques used to monitor and measure these risks, with special focus on market risk, credit risk and liquidity risk.

  • Derivatives

    The module aims to build on the earlier Introduction to Finance module and applies finance theories and models to derivative securities with the aim of understanding the characteristics of derivatives, the use of derivatives, and their pricing.

  • Economics of FOREX

    This module provides the framework for a theoretical analysis of operations and key issues in foreign exchange markets. It aims to develop the understanding of international financial markets and the role of exchange rates.

  • Financial econometrics

    This module aims to introduce participants to the fundamental econometric tools for empirical modelling, accustom them with applying these tools to estimation, statistical inference, and forecasting in financial markets; as well as to develop the necessary skills to critically interpret the results of such analysis.

  • International banking

    This module aims to provide you with a theoretical and practical background of the current issues of international banking. In particular, the module covers the evolution, structure and strategic drivers of international banking; international banking markets; the kinds and functions of international banks; products and services of international banks; regulation and emerging trends.

  • Monetary economics

    This course provides a thorough understanding of the role of money in the macro-economy, through a number of economic models, with an emphasis on the role of monetary policy in controlling inflation and output is crucial. There will also be discussion of the international monetary system and choices relating to the international financial architecture.

Elective modules - choose two from:

  • Asset management

    This course aims to provide a thorough understanding of the issues that are relevant to the asset management industry, with special emphasis on understanding and measuring investment performance. The focus is on mutual funds, hedge funds and exchange traded funds.

  • Company valuation

    The module aims to provide the fundamentals for the valuation of publicly quoted and privately owned companies. The course is highly participative and extensively uses real-world cases; it also covers ethical issues that arise in valuations.

  • Financial accounting

    The course aims to develop a wider breadth of accounting knowledge and the ability to understand accounting information in the context of recognised accounting standards and prevailing legal requirements.

  • Financial accounting 2

    By completing this module module, you should become competent in addressing accounting issues related to Business Combinations and have a solid understanding of the concepts and application of various intermediate financial accounting areas - including intangible assets, financial instruments, provisions and contingent assets/liabilities, deferred taxation - in conformity with International Financial Reporting Standards (IFRS).

  • Introduction to real estate investment

  • Management accounting

    The module will enable you to select and apply appropriate management accounting techniques for decision making, planning, control and performance evaluation purposes. The usefulness of these techniques to modern business environments is critically examined. Emphasis is also placed on interpreting management accounting outputs as well as evaluating managerial implications of management accounting techniques.

  • Mathematical finance

    This module aims to provide you with a sound basis of the techniques employed in modern financial theory to enable participants to formulate/solve optimization problems using a range of approaches.

  • Real estate valuation

  • Personal finance

Year 3

You develop a knowledge of international finance and banking and financial management to an advanced level. You also select two electives which can extend knowledge of finance and the applications of mathematical models, enhance understanding of the role of banks in financial markets, or allow a focus on areas including investment or accounting. Finally, you may undertake a dissertation or a final year essay in a subject relevant to your interests and career aspirations.

Core modules:

  • Banking regulation

    This module looks at bank failure, crises and bank regulation, by focusing on financial regulation as a way to make the financial system more resilient to different sources of banking crisis.

  • Corporate finance

    This module presents the fundamentals of valuation, investment, financing, and dividend policies, and exposes you to popular strategic and financial decisions, while developing self-learning and analytical skills to evaluate complex corporate finance problems.

  • Fixed income and credit risk

    This module offers an introduction to interest rate modelling and a detailed discussion on pricing of interest rate options and swaps; it also develops tools to model credit risk and uses these tools to price credit derivatives.

  • International finance

    This module provides an understanding and appreciation of the complexities of the foreign exchange markets, by highlighting the difficulties of exchange rate modelling and of the limitations of our current knowledge of the subject.

  • Final year project or final year course report

Elective modules - choose two or three from:

  • Advanced financial accounting: Theory and practice

  • Bank strategy and management

  • Advanced Econometrics and Forecasting

  • Corporate governance

    This module focuses on corporate governance, and its practical relevance to national and multinational organisations in all sectors. Key issues include: the role and function of boards of directors; the role of external and internal auditors; audit committees; stakeholder and agency theory; CSR; the impact of corporate governance failure, and business ethics.

  • Corporate strategy

    This course examines several types of corporate reorganizations: mergers and acquisitions, leveraged buyouts, spin-offs, and divestitures, as well as reorganizations in financial distress situations through private workouts and bankruptcy. Particular emphasis is placed on linking conceptual tools and institutional environments to real business decisions.

  • Emerging markets

  • Real estate finance and funding

  • Technical analysis

Download the relevant programme specification

Assessment methodsOverall workloadAssessment methods

Assessment methods

You will be assessed using a variety of methods, depending on module choices including:

  • Coursework
  • Unseen written examinations, taking place at the end of each term (or at the end of a year, if a module is taught over two terms)
  • Class tests
  • Online quizzes and tests, using the Virtual Learning Environment
  • Presentation
  • Group projects, individual projects.

Percentage of the course assessed by coursework

The balance of assessment by examination, practical examination and assessment by coursework will to some extent depend on the optional modules you choose. The approximate percentage of the course assessment, based on 2016/17 entry is as follows:

Year 1

70% written, 0% practical, 30% coursework

Year 2

74% written, 0% practical, 26% coursework

Year 3

53% written, 0% practical, 47% coursework.

Overall workload

Overall workload

Most contact hours take the form of lectures. A number of tutorials, exercise classes and surgery hours are scheduled during the first year, the number decreasing as you progress and you become more able to direct your own learning. Approximate study time based on 2016/17 entry is as follows:

Year 1

20% scheduled learning, 80% independent learning, 0% placement

Year 2

17% scheduled learning, 83% independent learning, 0% placement

Year 3

13% scheduled learning, 87% independent learning, 0% placement.

Application

How to apply

All applications should be made through UCAS, the Universities and Colleges Admissions Service. Applications are made via Apply, UCAS's online application system.

UCAS Institution code: C60 (Cass Business School and City, University of London)
UCAS Course code: N302

You can find more information at UCAS and in the UCAS Handbook.

More information about applying to Cass

Entry requirementsEnglish language requirementsEntry requirements

Entry requirements

A-Level: AAA (or AAB with a relevant EPQ)

BTEC/OCR Cambridge Technical Level 3 Extended Diploma: DDD

  • BTEC/OCR Cambridge Technical Diploma with one A-Level
  • BTEC/OCR Cambridge Technical Subsidiary Diploma with two A-levels.

Extended Project Qualification (EPQ): We welcome applications that include the EPQ. Where relevant, this may be included in our offer, resulting in an 'A' Level offer reduced by one grade

IB: 36 points overall, with 5 minimum in each subject.

In addition we also ask for the following GCSE requirement:

  • A minimum of grade 5 (C) in GCSE English and grade 6 (B) ('A' Level and Access to Higher Education applicants) or grade 7 (A) (all other qualification combinations) in GCSE Mathematics.

If you are studying General Studies, Critical Thinking or a native language 'A' level, these subjects will not be included in any offer condition.

International students

We accept a wide range of international and other UK qualifications at Cass.

If you do not qualify for direct entry, there are several partners that offer preparatory international foundation courses for students seeking entry to undergraduate degrees. These include:

INTO City, University of London

Don't meet the entry requirements? INTO City, University of London offers a range of academic and English language programmes to help prepare you for study at City, University of London. You'll learn from experienced teachers in a dedicated international study centre.

These programmes are designed for international students who do not meet the required academic and English language requirements for direct entry. To prepare for this degree course, learn more about the International Foundation in Business and Economics with Accounting.

Kaplan International College (KIC) London

Additionally, City works in partnership with KIC London to provide a range of preparatory courses for international students. KIC London courses offer comprehensive support to students - including regular one-to-one tuition. Students who successfully complete the KIC London Foundation course at the required level are guaranteed progression to City, University of London degree courses.

English language requirements

English language requirements

If your first language is not English, we will require evidence of English language proficiency. Minimum requirements are:

IELTS: 6.5 with a minimum of 6 in any unit

PTE Academic: 58 overall with a minimum of 50 in each component

GCSE: English language grade 5

View further information about the minimum acceptable English language requirements for Tier 4 students.

English language programmes

Don't meet the English language requirements? INTO City, University of London offers English language programmes to help prepare you for study at university. These intensive and flexible courses are designed to improve your English ability for entry to degree courses.

Placements

The experience of working for a leading institution can be invaluable in terms of your future career. It will enable you to acquire skills and competencies sought by graduate employers and give you an edge over the competition.

BSc Banking and International Finance students enjoy a wide range of opportunities in business areas such as Corporate Finance, Operations, Wholesale Markets, and Asset Management.

Students have recently taken up placements within many leading corporate organisations including:

  • AXA Investment Management
  • Bank of England
  • Goldman Sachs
  • Lloyds Bank
  • Morgan Stanley
  • UBS

Career pathways

The majority of graduates from this course embark on careers in the fast-paced world of global finance. Many join investment banks and secure positions in trading, investment banking and sales, specialising in areas such as derivatives. Others join brokerage houses, enter careers in operations or consultancy, or take up postgraduate study.

A career in international finance and banking will suit you if you are focused, target-driven and enjoy working with numbers.

Recent employers

90% of graduates in employment or further study six months after completing the course (DLHE survey, 2015-16).

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardBSc (Hons)How you will studyFull-timeHow long you will study3 years
    Course startsSeptemberDomestic course feesGBP 9250 per yearInternational course feesGBP 17000 per year

Notes about fees for this course

UK/EU

£9,250 (2017/2018 fee, 2018/19 fee TBC) Tuition fees are subject to annual change

International

£17,000 for the first year of study (2018/2019) * Tuition fees are subject to annual change

UK/EU students

The tuition fee for UK and EU students is determined by the UK Government and was £9,250 for the first year of study at City in 2017/18. The tuition fee for students commencing their studies in 2018/19 has not yet been confirmed: we will update these pages as soon as we receive confirmation. Fees in each subsequent year of study may be subject to an annual increase limited to the Student Fees Inflation Index as determined by the UK Government's Office for Budget Responsibility. However, this is subject to confirmation. The index is derived from the All Items Retail Prices Index. If fees do increase in each subsequent year of study, we will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study. Fees in each subsequent year of study will be subject to an annual increase limited by the All Items Retail Prices Index.

Non-EU international students

The tuition fee for Non-UK/non-EU students was £17,000 for the first year of study in 2018/19. Each subsequent year of study may be subject to annual increase, as detailed above for UK and EU students, but this is also subject to confirmation.

Funding

Entry requirements

Contact City, University of London to find course entry requirements.

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