MSc Banking and Finance

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To build a successful career in the complex world of global financial markets, you are going to need in-depth and up-to-date knowledge of the key principles and techniques used by academic researchers and practitioners. This is the central aim of the MSc Banking and Finance.

The course will give you the ability to understand and critically assess a wide range of banking and finance theories and techniques. For candidates with more interest in an academic career, this course will equip you with the necessary analytical and quantitative skills for pursuing research at the PhD level.

Overview

Drawing upon the wide expertise of academic researchers at Norwich Business School, this course will prepare you for a wide range of careers in: commercial or investment banking, mergers and acquisitions, hedge funds, asset management, financial analysis, data analysis, financial accounting, consulting or academic research. The course is ideal for students with a background in accounting, finance, business and economics, or in a quantitative subject such as science or engineering.

Applied

Part of the course is taught in computer labs offering a first-hand experience of the information and decision-making tools used by leading traders, financial analysts and investment bankers today. During your studies, you will also have the opportunity to obtain, at no additional cost, valuable qualifications by Thomson Reuters (Eikon and Datastream).

First-class learning experience

Teaching and assessment is based on the NBS 2x3 Learning Method, an approach which advocates the use of questions to challenge conventional wisdom, combined with the use of technology to facilitate student engagement and learning. Assessment is based on clear evaluation criteria and, in addition to feedback, offers extensive feed-forward advice to enhance future performance. Case studies and assessment through coursework will allow the students to improve their analytical and critical thinking and improve communication, writing and presentation skills.

Research-oriented

Students gain a sound theoretical grounding in banking and finance, building a strong research-oriented background in investment and risk management, banking, corporate finance and governance and international accounting. You will focus on the most recent developments in academic research, and the cutting-edge quantitative techniques required to pursue empirical investigations in the areas of banking and finance.

Expert tuition

Leading academics from the Finance Group (FIN) of NBS provide the course design, content and delivery. FIN aims at producing and disseminating world-class academic research, with great impact. Students will have the opportunity to attend research seminars by distinguished academics from prominent academic institutions in the context of the Finance Group seminar series.

International

All theories, examples, case studies and simulations used in the course have an international perspective, allowing graduates to work in any country in the world or in multinational firms.

Course structure

In the first semester, students will be given a thorough grounding in the most important theories and practices in Corporate Finance, International Accounting, Corporate Governance and Business Regulation. From this base, students can then explore the more specialised modules of the second semester. These more specialised modules will include Investments, Banking and Risk Management. In addition, the module Empirical Finance will equip students with a rigorous understanding of the econometric techniques required to conduct effective academic or industry research in banking and finance.

Course Modules 2017/8

Students must study the following modules for 180 credits:

Name Code Credits

BANKING AND FINANCIAL MARKETS

This module aims to provide students with a thorough description and analysis of banking operations in the modern financial system. Firstly, the module introduces the importance of financial sector development encompassing the economic growth process. Namely, the role of central banks is investigated with respect to operating monetary policy mechanisms and commercial bank management. Secondly, the course evaluates the structural characteristics of banking markets such as comparative banking systems, market structure and regulation. The comparative banking section examines the characteristics of selected banking markets around the world. Market structure evaluates the role of different types of financial systems and examines competition, costs and profitability. Regulation explores the risk profile of the banking business and shows how banks are regulated at the domestic and international level. Finally, this module investigates influence of the subprime crisis in the U.S. on a global financial turmoil. THIS MODULE IS ONLY AVAILABLE TO NBS MSC STUDENTS.

NBS-7079B

20

DISSERTATION

NBS-7082X

60

EMPIRICAL FINANCE

The aim of this module is, on the one hand, to help students gain a solid understanding of the theoretical and practical challenges related to empirical research in Finance and, on the other hand, to equip them with the necessary skills for successfully completing their MSc dissertation. The focus is on the key econometric tools and techniques used by finance researchers and industry practitioners. Topics covered include, among others, Ordinary Least Squares (OLS) estimation and violations, the stylized facts of asset returns, univariate time series modelling and forecasting, multivariate time series models, unit root testing, cointegration, and volatility modelling. As the module is applied in nature, the topics discussed will be complemented by presentation and discussion of real-world applications in asset pricing, market efficiency, long-run relationships, volatility analysis, etc. To this end, datasets from professional platforms (Thomson Reuters Datastream and Eikon) will be used extensively throughout the module with the empirical analyses performed in Stata, a state-of-the-art statistical analysis software. THIS MODULE IS ONLY AVAILABLE TO NBS MSC STUDENTS.

NBS-7078B

20

FINANCIAL MANAGEMENT

This module aims to develop a critical understanding and appreciation of key finance theories as they apply to financial management decisions and to understand the implications for practical problem solving. The topics covered will include Corporate Investment Policy, Financing of Corporations, Payout Policy, MandAs, Valuation. This module is taken in conjunction with NBS-7051A.

NBS-7050A

20

INTERNATIONAL ACCOUNTING

The aim of this module is to study the comparative and international aspects of financial accounting and reporting which is becoming of greater importance with the increase of globalisation. Key elements of the module concern: identifying differences in financial accounting and reporting between countries, and the increasing trend towards greater harmonisation and standardisation; examining the financial reporting practices of listed groups, and the financial reporting of individual companies and in countries; and, considering various topical and/or controversial issues and developments in financial accounting and reporting. THIS MODULE IS ONLY AVAILABLE TO NBS MSC STUDENTS.

NBS-7076A

20

INVESTMENT AND RISK MANAGEMENT

This module deals with the advanced investment management theories, models and techniques that have been developed and used in research and by the financial industry. The module is structured in two parts. The first part deals with investment management practices. You will learn how wealth can be allocated optimally across various types of assets in order to meet different investor objectives. Emphasis will be placed on mainstream objective approaches which assume market efficiency, as well as on possible extensions (e.g. incorporating investor's views). However, we shall also discuss arguments and evidence related to criticism of these approaches. Assets analysed will include basic traded stock and debt securities along with more complex asset classes (e.g. futures, options, swaps). The second part of the module discusses issues related risk management. You will study the evolution of risk management and discover the lessons learned from the global financial crisis. Emphasis will be placed on the main types of financial risks which impact portfolio performance locally (e.g. market risk, credit risk, liquidity risk) and globally (e.g. foreign exchange risk). The material taught will be aligned closely to the curriculum of the Chartered Financial Analyst (CFA) Program and the Chartered Institute for Securities and Investment (CISI). THIS MODULE IS ONLY AVAILABLE TO NBS MSC STUDENTS.

NBS-7077B

20

RESPONSIBLE BUSINESS

This module provides the knowledge required to understand issues in the business environment. Understanding the concept and framework of regulatory policy, both within each region and country, and as applied to individual sectors and industries, is crucial to gain maximum benefit for companies and other organisations (including those in the public and voluntary sector) and their stakeholders, and to avoid inadvertently violating legal requirements (which might involve criminal sanctions, including imprisonment). Exploring corporate governance developments in different countries will enable students to understand the importance of different institutional settings, the influence of legal, regulatory and political environments, and why differences in ownership structure have arisen and how this impacts on companies and organisations. Corporate governance in a variety of different countries is then examined in detail together with topical issues including directors' remuneration, board diversity, and succession planning. This module is taken in conjunction with NBS-7050A.

NBS-7051A

20

Disclaimer

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. In some cases optional modules can have limited places available and so you may be asked to make additional module choices in the event you do not gain a place on your first choice. Where this is the case, the University will endeavour to inform students.

Further Reading

Entry Requirements

  • Degree Subject Accounting, Finance, Business, Economics, Management or a degree in a quantitative subject (such as Science or Engineering). NB: There is a numerical content in a range of modules on the course, students need a competent level of numeracy to complete the course.
  • Degree Classification 2:1 or above or the international equivalent.

Students for whom English is a Foreign language

We welcome applications from students whose first language is not English. To ensure such students benefit from postgraduate study, we require evidence of proficiency in English. Our usual entry requirements are as follows:

  • IELTS: 6.5 (minimum 6.0 in all components)
  • PTE (Pearson): 62 (minimum 55 in all components)

 

Test dates should be within two years of the course start date.

Other tests, including Cambridge English exams and the Trinity Integrated Skills in English are also accepted by the university. The full list of accepted tests can be found here: Accepted English Language Tests

 

INTO University of East Anglia

If you do not meet the academic requirements for this course, you may be able to study one of the International Graduate Diploma programmes offered by our partner INTO UEA. These programmes guarantee progression to selected master's degrees if students achieve the appropriate grade. For more details please click here:

International Graduate Diploma in Business

 

INTO UEA also run pre-sessional courses which can be taken prior to the start of your course. For further information and to see if you qualify please contact intopre-sessional@uea.ac.uk.

Fees and Funding

Tuition Fees for 2018/19

Tuition fees for the academic year 2018/19 are:

  • UK/EU Students: £9,750
  • International Students: £16,500

If you choose to study part-time, the fee per annum will be half the annual fee for that year, or a pro-rata fee for the module credit you are taking (only available for UK/EU students).

International applicants from outside the EU may need to pay a deposit.

We estimate living expenses at £1,015 per month.


Living Expenses

Approximately £9,600 living expenses will be needed to adequately support yourself.


Scholarships and Funding

A variety of Scholarships may be offered to UK/EU and International students. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study.

Funding for postgraduate study is also available both from the university and from a number of external schemes.

Find out more about scholarships, funding and bursaries.

How to Apply

Applications for Postgraduate Taught programmes at the University of East Anglia should be made directly to the University. You can apply online.

 

Further Information

To request further information and to be kept up to date with news and events please use our online enquiry form.

If you would like to discuss your individual circumstances prior to applying please do contact us:

Postgraduate Admissions Office

 Tel: +44 (0)1603 591515

 Email: admissions@uea.ac.uk.

International candidates are also encouraged to access the International Students section of our website.

    Next Steps

    We can’t wait to hear from you. Just pop any questions about this course into the form below and our enquiries team will answer as soon as they can.

    Admissions enquiries:
    admissions@uea.ac.uk or
    telephone +44 (0)1603 591515