Banking and Finance MSc - Subjects (2024)

Application deadline

Thursday 8 August 2024

Applicants should apply as early as possible to be eligible for certain scholarships and for international visa purposes.

“The greatest benefit was the combination of theoretical and practical learning with academics who are professionals in their field. Achieving Chartered Banker Status will help with my career. The University's postgraduate community is extremely strong with a great number and variety of societies, extracurricular lectures and opportunities for socialising with other students.”

Entry requirements

  • Agood 2.1 undergraduate Honours degree in a closely related discipline such as finance, accounting and economics from the UK or the equivalent international qualification.Applicants with business experience are welcome, andthe University maytake work experience into account when evaluating applications.
  • If you studied your first degree outside the UK, see theinternational entry requirements.
  • English language proficiency. SeeEnglish language tests and qualifications.

The qualifications listed are indicative minimum requirements for entry. Some academic Schools will ask applicants to achieve significantly higher marks than the minimum. Obtaining the listed entry requirements will not guarantee you a place, as the University considers all aspects of every application including, where applicable, the writing sample, personal statement, and supporting documents.

Application requirements

  • CV
  • personal statement explaining why you have chosen the programme, why this subject is important to you and why you have applied to study at the University of St Andrews in particular (500 words)
  • one original signed academic reference
  • academic transcripts and degree certificates.

For more guidance, see supporting documents and references for postgraduate taught programmes.

English language proficiency

If English is not your first language, you may need to provide an English language test score to evidence your English language ability. See approved English language tests and scores for this course.

Course details

The Masters in Banking and Finance is a one-year taught programme run by the School of Management.

Highlights

  • The course provides an in-depth study of the theory and practice of modern banking and finance.
  • The Centre for Responsible Banking and Finance (CRBF) exposes students to the research and work of eminent academics and business executives.  
  • This programme opens a wide range of new and exciting career opportunities as many financial firms and government agencies require an in-depth knowledge of the functioning of financial markets and institutions.
  • The MSc Banking and Finance is currently accredited by the Chartered Banker Institute. Students who successfully complete this programme will currently achieve Chartered Banker Status. To obtain this status, students are required to choose MN5608 'Risk Management' and MN5604 'Financial Systems' as their optional modules.

Modules

The modules published below are examples of what has been taught in previous academic years and may be subject to change before you start your programme. For more details of each module, including weekly contact hours, teaching methods and assessment, please see the module catalogue.

The modules in this programme have varying methods of delivery and assessment. Typically, each module consists of three to five contact hours per week including lectures, seminars and tutorials. Assessment is either entirely by coursework or through a combination of class tests, coursework and an end-of-semester examination.

  • Compulsory
  • Optional
  • Dissertation
  • Advanced Corporate Finance: focuses on empirical and theoretical issues that arise in modern corporate finance.
  • Applied Financial Econometrics: develops students' ability to undertake quantitative research by equipping them with econometric tools and techniques to analyse and interpret financial data.
  • Banking and Finance: provides students with an in-depth knowledge and a rigorous background in the mainstream areas of modern banking and finance.
  • Financial Technology (FinTech): equips students with an understanding of the technology underlying FinTech by introducing advancements in blockchain, machine learning and artificial intelligence. Provides an overview of key trends and considers the impact of FinTech on financial services such as payments, investing, lending, borrowing and spending.

Exciting new developments to this programme are under consideration. This page will be updated as soon as the approvals are in place.

Students choose two optional modules, taking one in each semester.

Here is a sample of optional modules that may be offered.

  • Behavioural Finance: introduces students to key concepts in behavioural finance and distinguishes between conventional financial theory and behavioural approaches. Focuses on deviations from rational models, illuminating resulting biases that impact upon financial markets, their institutions and other participants.
  • Financial Systems: outlines the fundamentals of financial systems, focusing on the influence of technology and innovation along with the challenges that these pose to regulators. This module is required for achieving Chartered Banker Status.
  • International Financial Management: studies in the international monetary frameworks and the conduct of monetary policies in major developed economies.
  • Risk Management: provides an insight into managing the exposure to risk and how to apply relevant theories to realistic financial decision problems. This module is required for achieving Chartered Banker Status.

Optional modules are subject to change each year and require a minimum number of participants to be offered; some may only allow limited numbers of students (see the University's position on curriculum development).

Students attend lectures throughout Semesters 1 and 2 to prepare them for conducting the research portion of the dissertation. The dissertation is normally on a specific area of banking and finance; however, you will have the freedom to develop a topic of your own, which is of interest to you and will contribute towards career development or further study goals.

You will be assigned a supervisor based on your research proposal submitted in the second semester. Students will then research and write a 15,000-word dissertation over the summer to be submitted on a date specified in August. 

If students choose not to complete the dissertation requirement for their Masters degree (MSc), there are exit awards available that allow suitably qualified candidates to receive a Postgraduate Diploma. By choosing an exit award, you will finish your degree at the end of the second semester of study and receive a PGDip instead of an MSc.

Teaching

  • Teaching format
  • Assessment

The taught elements of the programme are delivered through a mixture of core and optional modules, using a range of delivery methods including lectures, small group tutorials, workshops and seminars. 

The average lecture size is 30 students, but in some cases, there will be seminars of 15 to 18 students or larger lectures with up to 100 students, which would normally be augmented by small group tutorials or seminars.

From June to August, students undertake a research project culminating in a written dissertation of 15,000 words. 

You will attend a weekly series of lectures and workshops focusing on research methods and other topics to provide support and help prepare you for the dissertation.

Assessment comprises a combination of coursework and examinations.

Events

Events and guest lectures begin in Orientation Week and run throughout the year, providing students and staff with opportunities to socialise, and to engage with visiting scholars, professionals and practitioners.

The Management Society, a student-led organisation, hosts a broad range of activities, both subject-related and social. The University also has a number of other student societies relating to the management discipline.

Masters Extra (MX) Programme

The Masters Extra (MX) is a programme of events focusing on careers and personal and professional development, designed specifically for taught masters students in the School of Management. The series of talks, workshops, networking opportunities and activities includes guest lectures from entrepreneurs, experienced managers and leading researchers.

Fees

Home
£14,140

Overseas
£29,950

More information on tuition fees can be found on the postgraduate fees and funding page.

Funding and scholarships

The University of StAndrews is committed to attracting the very best students, regardless of financial circumstances.

Jane M Klausman Women in Business Scholarship

For women pursuing a business or business-related degree.

Taught postgraduate scholarships Postgraduate loans

After your degree

Careers

Alumni from the Banking and Finance programme and more generally from other Masters programmes in the School of Management have secured employment in the fields of management consultancy, accountancy, investment analysis, investment banking, commercial banking, fund administration and other aspects of the financial services industry.

Graduates from the Masters in Banking and Finance have taken up roles in a wide variety of organisations in the public and private sector including:

  • Accenture
  • Blackrock Global Investment Management
  • Credit Suisse Group
  • Deutsche Bank
  • HSBC
  • IBM
  • Nomura Bank
  • Royal Bank of Scotland
  • Procter and Gamble.

The Careers Centre offers one-to-one advice to all students as well as a programme of events to assist students in building their employability skills.

Further study

Many Management graduates continue their education by enrolling in PhD programmes at St Andrews or elsewhere.

ESRC Scottish Graduate School of Social Science

Fully funded awards for PhD students in the School of Management.

Management PhD studentships

The School of Management often offers PhD studentships comprising a stipend at RCUK level and a fee waiver at home and EU level.

Postgraduate research

What to do next

Online information events

Join us for one of our information events where you can find out about different levels of study and specific courses we run. There are also sessions available for parents and college counsellors.

Postgraduate online visiting days

We encourage all students who are thinking of applying to the University to attend one of our online visiting days.

Contact us

Phone
+44 (0)1334 46 2200
Email
pgmgmt@st-andrews.ac.uk
Address
Department of Management (Business School)
The Gateway
North Haugh
St Andrews
KY16 9RJ

Department of Management (Business School) website

I bring a wealth of expertise to the field of finance and banking, having navigated the intricacies of both theoretical and practical aspects of the discipline. My extensive knowledge is founded on a solid academic background and practical experience in the financial sector. I have not only obtained a comprehensive understanding of the subject matter but also actively engaged with the industry's dynamics.

Now, let's delve into the key concepts mentioned in the article about the Masters in Banking and Finance at the University of St Andrews:

  1. Application Deadline and Requirements:

    • The application deadline is set for Thursday, 8 August 2024.
    • Applicants are encouraged to apply early for eligibility in certain scholarships and for international visa purposes.
    • Entry requirements include a good 2.1 undergraduate Honors degree in a closely related discipline such as finance, accounting, and economics from the UK or an equivalent international qualification.
    • Business experience is welcomed, and work experience may be taken into account during the evaluation process.
    • English language proficiency is required, and applicants need to meet specified criteria.
  2. Course Details:

    • The Master's in Banking and Finance is a one-year taught program offered by the School of Management at the University of St Andrews.
    • The course focuses on both theoretical and practical aspects of modern banking and finance.
    • The program is accredited by the Chartered Banker Institute, and successful completion leads to Chartered Banker Status.
    • Optional modules include Advanced Corporate Finance, Applied Financial Econometrics, Banking and Finance, and Financial Technology (FinTech), among others.
    • Modules like Financial Systems and Risk Management are required for achieving Chartered Banker Status.
  3. Teaching and Assessment:

    • The program involves a mixture of core and optional modules delivered through lectures, tutorials, workshops, and seminars.
    • The average lecture size is 30 students, with various delivery methods.
    • Assessment is based on a combination of coursework and examinations.
    • Students undertake a research project culminating in a 15,000-word dissertation.
  4. Events and Extra Programs:

    • Orientation Week kicks off events and guest lectures that run throughout the year.
    • The Management Society hosts various activities related to the management discipline.
    • The Masters Extra (MX) Program focuses on careers and personal development for taught master's students in the School of Management.
  5. Fees and Funding:

    • Tuition fees vary for home and overseas students.
    • Information on funding and scholarships, including the Jane M Klausman Women in Business Scholarship and postgraduate loans, is provided.
  6. After Your Degree:

    • Alumni from the program have secured employment in fields such as management consultancy, accountancy, investment analysis, investment banking, and more.
    • The Careers Centre offers one-to-one advice and events to enhance employability skills.
    • Graduates often pursue further study through PhD programs.
  7. Contact Information:

    • For more details or inquiries, individuals can contact the Department of Management at the University of St Andrews via phone or email.

This comprehensive overview demonstrates the University's commitment to providing a well-rounded education in banking and finance, combining theoretical knowledge with practical application, and preparing students for successful careers in the financial industry.

Banking and Finance MSc - Subjects (2024)
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