Banking and Finance MSc
Why choose this course?
This course is ideal if you aspire to a career in the banking sector, with roles in managing banks' assets and risks in banking operation.
You will learn how to analyse how financial institutions manage their assets, liabilities and overall liquidity and create value through diversification and innovation. You will gain a thorough understanding of the regulatory framework within which banks operate both in the UK and internationally.
The course has been developed in consultation with professionals at Barclays, RBS Capital Markets, Commerzbank AG, Standard Chartered Bank and NatWest Bank.
| Mode | Duration | Attendance | Start date |
|---|---|---|---|
| Full time | 1 year | 1–4 days per week |
September 2023 September 2024 |
| Full time | 2 years including professional placement | 1–4 days per week plus placement year |
September 2023 September 2024 |
| Part time | 2 years | 2 days a week |
September 2023 September 2024 |
| Location | Kingston Hill |
Reasons to choose Kingston University
- Kingston Business School is one of only 5% of the world's business schools to be accredited by AACSB International.
- Kingston is one of only a few UK universities to offer exemptions from professional exams of the Association of Corporate Treasurers. This programme offers exemptions from the Certificate in Treasury qualification.
- Access to a Bloomberg trading room, offering hands-on skills and the opportunity to apply for Bloomberg certification. You many also use other databases such as Thomson DataStream Advance.
- This course is taught by research-active staff and provides cutting-edge knowledge regarding the latest developments in the accounting and finance sector.
- 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 offerings.
Accreditation
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.
Specialist careers support
You will take part in an Assessment Centre Experience, providing the opportunity to experience the pathway to employment with tailored feedback to help develop your employability skills for the world of graduate employment.
- Develop your understanding of the jobs market, including current trends and opportunities, different recruitment processes and how to identify relevant roles
- Receive personalised feedback reports to help you to improve and progress
- Access additional webinars on top tips, employer expectations and best practice
At Kingston Business School we lead
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.
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.
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 Student Route 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.
Please note
Optional modules only run if there is enough demand. If we have an insufficient number of students interested in an optional module, that module will not be offered for this course.
After you graduate
You will be ready for careers in investment banking, commercial banking and retail banking, commercial banking and retail banking, and for paths in asset and liquidity management. Roles include risk officers, compliance officers and financial underwriters.
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
Teaching and assessment
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
Additional costs
Depending on the programme of study, there may be extra costs that are not covered by tuition fees which students will need to consider when planning their studies. Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, access to shared IT equipment and other support services. Accommodation and living costs are not included in our fees.
Where a course has additional expenses, we make every effort to highlight them. These may include optional field trips, materials (e.g. art, design, engineering), security checks such as DBS, uniforms, specialist clothing or professional memberships.
Course changes and regulations
The information on this page reflects the currently intended course structure and module details. To improve your student experience and the quality of your degree, we may review and change the material information of this course. Course changes explained.
Programme Specifications for the course are published ahead of each academic year.
Regulations governing this course can be found on our website.
