Banking and Finance, M.Sc.

Banking and Finance, M.Sc.

  • Anytime
    Application Deadline
  • 12 months
    Duration
  • English (schedule IELTS)
    Language
University rank #116 (BCR) ,
The MSc in Banking and Finance focuses on areas of finance and banking which have major practical and theoretical interest such as: investment analysis, commercial and investment banking, mergers and acquisitions, derivatives, finance microstructure and taxation. It is designed to equip you for a very wide range of careers in the banking sector and in multinational financial organisations.

About

The MSc in Banking and Finance focuses on areas of finance and banking which have major practical and theoretical interest such as: investment analysis, commercial and investment banking, mergers and acquisitions, derivatives, finance microstructure and taxation. The degree is designed to equip you for a very wide range of careers in the finance and banking sectors and in multinational financial organisations.

This MSc degree course will develop your expertise in banking and finance to the highest level.

Unique features of the MSc in Banking and Finance degree are:

  • It provides a thorough knowledge of the main components of commercial and investment banking and the changing structure of the international financial industry.

  • Exam exemption from the CISI (Chartered Institute for Securities and Investment) Chartered Wealth Management Qualification.

  • Exemption from CBI (The Chartered Banker Institute) Diploma modules.

  • Suitable for students with some quantitative background in either finance and/or economics or from a degree with some quantitative elements.

  • Five scholarships available worth £5,000.

Why study your MSc in Banking and Finance at Queen Mary?

The School of Economics and Finance is one of the top Economics schools in the country, with particular expertise in economic theory, econometrics and finance, and applied economics. We have published research in virtually all the top economics journals. In the REF 2014, the School of Economics and Finance was ranked among the top ten in the country for research power. Meaning that you will learn from academics who are leaders in the field.

The School’s close geographical proximity to London’s key financial districts – the City of London and Canary Wharf, along with its excellent reputation and high rankings has allowed us to develop close links with some of the top names in the banking and financial industry, such as the Bank of England, The HM Treasury, Goldman Sachs, Aviva Investors, Frontier Economics, HSBC and Interactive Brokers.

The Chartered Institute for Securities and Investment (CISI) has recognised the School of Economics and Finance as a Centre for Excellence in Financial Services, and we are associated with a number of professional bodies; to include the Chartered Financial Analyst UK (CFA), the Chartered Institute for Securities and Investment (CISI), and the Chartered Banker Institute (CBI). The School also has a partnership with Frontier Economics –Europe’s leading economic consultancy.

Due to the success and employability of our alumni, EFinancialCareers has ranked our School in the top 15 Masters in Finance programmes in the world for employability prospects in large investment banks.

As with all of our MSc programmes, MSc Banking and Finance offers:

  • High quality teaching, confirmed by our outstanding NSS 2013 (National Student Survey) scores which rank us as number one nationally for overall student satisfaction in Finance at 98% and third- and top of the Russell Group for Economics, at 97%.

  • Invaluable contributions from respected City practitioners and industry experts who also teach students, bringing practical insights in to the classroom by applying the theory to real world scenarios.

  • A fully integrated careers programme, a dedicated careers consultant, and extensive industry links that aim to maximise your employment prospects.

  • An unparalleled set of optional short courses designed to equip you with further practical training and key technical skills that are highly valued in the Financial Sector.

  • High rate of employment of our students within six months of graduation.

  • State-of-the-art facilities such as a virtual trading floor which provides exclusive access to the latest technology and financial software used in the banking and finance industry, and access to specialised financial and economic databases and software used by economists in finance or in government for data analysis and simulation.

  • The opportunity to join QUMMIF – the only Investment Club of its kind, which allows students to trade real money (currently £30,000!) in order to obtain relevant, practical work experience in trading and portfolio analysis.

Facilities

The School of Economics and Finance offers excellent facilities and resources to its students including:

  • Real Time Data/Trading Software: Queen Mary is one of the few UK universities offering training and access to both Reuters and Bloomberg trading terminals (in our designated trading room) as well as Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.

  • Time Series Data Software: A full range of economic and financial data is available through DataStream, Macrobond and the WRDS platform (including Bankscope and CRSP).

  • Statistical Analysis Software: A wide range of Econometric software including Eviews, Stata, Matlab, Gauss etc.

  • Designated Trading Room offering training and access to Reuters, Bloomberg, Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.

  • Free online subscription to The Economist and The Financial Times.

Accreditation

Exam exemption from the Chartered Institute of Securities and Investment (CISI)
Exemption from CBI (The Chartered Banker Institute) Diploma modules.

Programme Structure

The MSc in Banking and Finance is available to study one-year full-time, or two years part-time.

You will take four core modules in the first semester then one core module, plus three options in the second semester.

The pre-semester modules in maths and statistics take place in September. They are especially designed for students who want to review concepts such as statistical distributions and matrix algebra.

Part-time study options often mean that the number of modules taken is reduced per semester, with the full modules required to complete the programme spread over two academic years. For students who choose to study part-time, classes are scheduled in the evenings where possible to accommodate work commitments.

Pre-sessional modules:

  • Mathematics
  • Statistics

Core Modules:

  • Financial Statements
  • Investment Management
  • Commercial and Investment Banking
  • Quantitative Methods in Finance
  • Risk Management for Banking
  • Dissertation

Optional modules:

  • Financial Derivatives
  • International Finance
  • Empirical Finance
  • Behavioural Finance
  • Applied Risk Management
  • Principals of Accounting
  • Asset Management
  • Applied Futures and Options
  • Banking Regulations
  • Cases in Business Finance
  • Topics in Applied Finance
  • Alternative Investments
  • Valuation and Private Equity
  • Actuarial Finance and Insurance

Lecturers

Our faculty members are distinguished research economists and recognised experts in their fields, who publish in the profession's most influential journals and advise major institutions such as the World Bank and the Bank of England.

Our staff have a well-established reputation for providing high quality teaching, with invaluable contributions from respected City practitioners and industry experts who also teach students, bringing practical insights in to the classroom by applying the theory to real world scenarios.

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 12 months
    Part-time
    • Average part-time duration 24 months
    • Intensity Flexible
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    92

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

    StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

Academic Requirements

You need the following GPA score:

Required score: Lower Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Lower Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

At least a good second class honours degree (high 2.2) or overseas equivalent in a subject with some quantitative elements.

Subjects likely to contain sufficient quantitative elements (i.e. which have at least one mathematics or statistics based module) including Mathematics, Science, Engineering, Economics, Finance, Accounting, Business & Management.

Tuition Fee

  • International Applies to you

    19950 GBP/year
    Tuition Fee
    Based on the original amount of 19950 GBP per year and a duration of 12 months.
  • EU/EEA Applies to you

    16500 GBP/year
    Tuition Fee
    Based on the original amount of 16500 GBP per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for London

  • 1137 - 2160 GBP/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

There are five bursaries worth £5,000 each for Home, EU and Overseas Students.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

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