Banking and International Finance (MSc)

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The award
MSc

How long you will study
12 months

Domestic course fees
GBP 28000 per year

How you will study
full-time

Course starts
September

International course fees
find out

All study options

About Banking and International Finance at City, University of London

Overview

Who is it for?

You are ambitious to succeed in global banking and finance. Your strong quantitative skills give you an ideal starting point as you begin to investigate the deeper levels of strategy and operations in banks and banking markets. Your interest in banking is matched by your desire to establish yourself in this highly competitive marketplace where pressure and risk management accompany job satisfaction and financial rewards.

The course will give you the knowledge and skills to navigate the rapidly changing global banking landscape.

Objectives

Take a step closer to your successful career in global banking and finance with this highly practical MSc. This course is tailormade to develop professional standards and competence for those wishing to pursue careers in the banking industry. Cass offers an innovative blend of theoretical and vocational learning equipping you with the outlook, the skills and the temperament to make things happen.

You'll be based within a stone's throw of the City of London, giving your studies a uniquely practical orientation with regular teaching from senior bankers and finance professionals.

Structure

What will you learn

  • Develop your knowledge and understanding of the banking sector
  • Acquire a comprehensive grasp of the principles and applications of finance, including institutions and instruments
  • Understand and critically evaluate current issues in international banking and finance, from regulatory changes, to technology and financial innovation, to stock markets
  • Develop your range of technical and conceptual skills
  • Gain broad experience of quantitative techniques
  • Develop your understanding of a wide range of financial issues across all industry sectors.
  • Network with your peers and senior finance industry professionals in the City of London
  • Gain a highly valuable international, multicultural perspective
  • Acquire a flexible qualification suitable for a wide range of roles in global finance.

Term 1

Core modules:

  • Commercial and Investment Banking

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    This module aims to provide students with an insight into the major features of the banking business and to provide a framework for the understanding of the different types of banks and banking activities.

  • Financial Statements Analysis

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The ability to understand and analyse financial statement information is a key skill in a wide range of business activities, from managing a corporation to investing in securities. The overall aim of this module is to help students learn and practice a variety of financial statement analysis techniques which can support business decision-making processes.

  • Finance and Investments

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    The module is fundamental to financial decision-making in an uncertain and risk-averse world, from which important branches of finance are developed.

    To develop a coherent understanding of the functioning of financial markets and instruments, in conjunction with in-depth examinations of investor behaviour and the valuation principles for major categories of financial securities.

    The module covers major topics and addresses fundamental issues in finance, with regard to investors, behaviour, asset pricing, fixed income securities and equity valuation.

  • Quantitative Methods for Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    Econometrics is essential for the empirical analysis of financial markets as well as the development of quantitative strategies for forecasting, pricing and risk management in financial markets. This course introduces you to the key tools and methods in econometrics and applies those tools.

  • Research Methods for Finance Professionals (runs over terms 1 & 2)

    Strong research is a key element of development strategy for companies and institutions large and small. This module aims to provide a grounding in financial research, particularly financial modelling and information gathering which you will be able to use to support your learning on the rest of your course.

    The module will utilise specific training in a financial modelling package in order to provide a strong foundation for the in-depth and specialist teaching and learning of terms two and three of your course. You will also learn how to gather information through database research, which you will be able to use to support your learning, substantiate your arguments and make assessments about the nature of the evidence you are using.

Term 2

Core modules:

  • Corporate Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    Building on term one's finance modules, this module provides an in-depth analysis of the theory and international practice of capital structure decisions, dividend and cash policy, valuation, and mergers and acquisitions.

  • Fixed Income

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    This module will look at forward rates and par rates, swap rates and interest rate swaps, duration, convexity, and hedging, hedging with interest rate derivatives, a brief introduction to term structure. models.

  • Risk Management

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    Risk management plays an increasingly important role in the operation of financial institutions. Fluctuations in the prices of securities or other financial assets, loan losses or other credit problems, or failures of processes can trigger failures of banks or other financial institutions. Even if failure is avoided shareholders are looking to see an appropriate trade-off of risks and return.

  • International Finance

    • 15 credits
    • 3 hours per week in lectures
    • 12 hours per week self directed study

    In recent years there has been a trend towards globalisation. That has impacted on all financial decisions and has necessitated the understanding of international financial markets.

Term 3

In term three you will choose from either

  • A Business Research Project (40 credits) and one elective (10 credits)
  • An Applied Research Project (20 credits) and three electives (10 credits each)
  • Five electives (10 credits each).

Elective modules:

Modules offered in 2016 were:

  • Banking Strategy
  • Financial Statement Analysis and Valuation in Banks
  • Hedge Funds
  • Investment Banking in Corporate Finance
  • Money and Central Banking
  • An introduction to Islamic Banking, Finance and Insurance
  • Credit Risk Management
  • Trading & Market Microstructure
  • Ethics, Society and the Finance Sector
  • Mergers and Acquisitions
  • Energy Markets
  • Risk Strategy & Decision Making
  • Trading and Hedging in the Forex Market
  • Energy Project Investment & Finance
  • Financial Derivatives
  • Ethics, Society and the Finance Sector
  • Mergers and Acquisitions

Business Research Project

  • Business Research Project

    It is important for aspiring professionals to demonstrate, on an individual basis, their ability to apply concepts and techniques they have learned in an in-depth study of a topic of their choice and to organise their findings in a report, all conducted within a given time limit.

    To train you to undertake individual research and provide you with an opportunity to specialise in a contemporary business or finance topic related to your future career aspirations.

    You are required to submit a project of approximately 10,000 words on any subject area covered in the rest of the programme. Typical projects can involve any of the following: extracting data from electronic databases or by hand; statistical analysis of large or small populations; interviews; case studies of an industry or a sector or of a business / finance issue in a particular country setting.
  • Applied Research Project

    The aim of this module is to enable you to demonstrate how to integrate your learning in core and elective modules and then apply this to the formulation and completion of an applied research project. You will be required to demonstrate the skills and knowledge that you have acquired throughout your MSc study.

    You will undertake a short piece of applied research on a question of academic and/or practical relevance. Guidelines will be provided in order to help you identify the research question. Based on your chosen topic, you must write a report of around 3,000–5,000 words that summarises and critically evaluates your method and your findings.

See the MSc in Banking and International Finance programme specification.

Assessment methodsTerm datesAssessment methods

Assessment methods

Assessment

We review all our courses regularly to keep them up-to-date on issues of both theory and practice.

To satisfy the requirements of the degree course students must complete:

  • eight core courses (15 credits each)

and either

  • five electives (10 credits each)
  • three electives (10 credits each) and an Applied Research Project (20 credits)
  • one elective (10 credits) and a Business Research Project (40 credits).

Assessment of modules on the MSc in Banking & International Finance, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.

Induction Weeks

The Banking and International Finance course starts with two compulsory induction weeks, mainly dedicated to:

  • An introduction to careers in finance and the opportunity to speak to representatives from over 75 companies during a number of different industry specific fairs.
  • A refresher course of basic financial mathematics, statistics, computing and electronic databases.
Term dates

Term dates

Term dates 2018/19

In-person ID-Checks (all students must attend): Commences 17 September 2018

Compulsory Induction: 18 - 29 September 2018

Term I
1 October 2018 - 7 December 2018
Term I exams
7 January 2019 - 18 January 2019

Term II
21 January 2019 - 29 March 2019
Term II exams
22 April 2019 - 3 May 2019

Term III
6 May 2019 - 28 June 2019
Term III exams
1 July 2019 - 12 July 2019

Resit period
Students who are required to resit an examination or invigilated test  will do so in the period:
12 - 30 August 2019

Submission deadline for Business Research Project or Applied Research Project 
1 September 2019

Official Course End Date
30 September 2019

Application

How to apply

Documents required for decision-making

  • Transcript/interim transcript
  • Current module list if still studying
  • CV
  • Personal statement (500-600 words)

Documents which may follow at a later date

  • IELTS/GMAT result
  • Confirmation of professional qualification examinations/exemptions/passes, if applicable
  • Two references
  • Work experience is not a requirement of this course
  • For a successful application to receive an unconditional status all documents must be verified, so an original or certified copy of the degree transcript must be sent by post to Specialist Masters Programme Office, 106 Bunhill Row, London, EC1Y 8TZ, UK

We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.

Individual Appointments

If you would like to visit us to discuss your application please do arrange an individual appointment.

Entry requirementsGMATEnglish language requirementsEntry requirements

Entry requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution.
  • Some level of previous study or evidence of skills in finance or quantitative methods is essential.
GMAT

GMAT

  • Highly recommended
  • A well-balanced score in the range of 600-800 will significantly strengthen your application.
English language requirements

English language requirements

  • If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
  • If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.

Career pathways

This master's degree is designed to help launch a career in the banking industry, but also as central bankers, supervisors and regulators. It offers the foundation for a varied range of careers.

The degree is fully accredited by the Chartered Bankers Institute (CBI), which ensures its content is kept up to date and relevant to the industry.

Graduates from the MSc Banking and International Finance move into a variety of careers, from investment banking (Morgan Stanley, Deutsche Bank, UBS, JP Morgan, Goldman Sachs) to commercial banking (Barclays, HSBC, Lloyds, BNP Paribas); to rating agencies (Fitch, S&P) to securities sales and trading desks at major finance firms, foreign exchange desks, hedge funds, private banking, asset management, credit products, financial and credit risk management consultancy

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 awardMScHow you will studyFull-timeHow long you will study12 months
    Course startsSeptemberDomestic course feesGBP 28000 per yearInternational course fees find out

Notes about fees for this course

UK/EU/International

£28,000 Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase limited by the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).

Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the in-person ID–checks)
Second installment: Half fees (paid in January following start of course)

Information about Scholarships

Entry requirements

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

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