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Money, Banking and Central Banking, M.Sc.

  • Anytime
    Application Deadline
  • 12 months
    Duration
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The MSc programme in Money, Banking and Central Banking is designed to offer specialised teaching in banking and financial markets which is particularly relevant given all the changes introduced during the last global financial crisis, as well as the changes made by major central banks in the running of their monetary policies since then.

About

  • Monetary analysis has been mainly disregarded in the years running up to The Global Financial Crisis and this contributed to high rates of growth of money which ultimately led to unsustainable economic growth and financial instability. Unlike any other degree in the UK ours emphasises the importance of high quality monetary and banking analysis so we can assess those policies compatible with stable economic growth and financial stability over the long term. Expert knowledge of monetary economics and monetary policy, risk management and financial institutions is going to be of crucial important to understand the world after the recent crisis.
  • The degree will provide the latest research methods and tools to teach students to think analytically and critically, and apply their knowledge to practical problems faced by investment banks and central banks and other financial institutions.
Who is the programme suitable for?
  • This degree aims to produce graduates with this specialised knowledge and the skills required for a career in central banking and finance (in particular in investment banking), as well as monetary analysis suitable to pursue a career in consultancy businesses, research departments and specialised media. We welcome both recent graduates and those already in employment in these areas who wish to further their careers.
Structure:
  • The bulk of the programme will consist of several modules providing the theoretical and analytical tools for the students to understand central bank operations and policies, as well as banking business, so they can identify how money is created in modern economies and analyse how changes in the amount of money affect overall prices as well as the running of the economy along the cycle. Students will also learn the statistical techniques and use specialised software to gather and analyse macroeconomic and financial data. At the end of the programme students will submit a master’s dissertation.

Accreditation

Students will be offered the option to take an examination and get the Professional Risk Managers’ International Association (PRMIA) accreditation in financial risk management. In particular the students will be able to get the Associate Professional Risk Manager Certificate (Associate PRM Certificate), which is a PRMIA programme offered online for staff entering the risk management industry.

Programme Structure

Courses include:
  • Central Banking (1), History, Strategies and Operations
  • Empirical Technique in Economics 1 & 2
  • Banking Risk Management
  • The Central Bank, The Banking System and the Macroeconomy
  • Financial Analysis and Portfolio Modelling
  • Central Banking (2), Monetary Policy and Financial Stability
  • PRMIA certificate (optional)

            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
            • Credits
              120 alternative credits
            • Languages
              • English
            • Delivery mode
              On Campus

            English Language Requirements

            • 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
            • Minimum required score:

              87

              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:

              580

              The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

              Schedule TOEFL®
            • Minimum required score:

              59

              PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. Delivered and marked by computer, it reports on a scale between 10 and 90.

            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).

            General Requirements

            The minimum entry level required for this course is as follows:

            • a first or second-class honours degree from a recognised university
            • a recognised professional qualification with relevant work experience
            Mature students:

            Age is no barrier to learning and we welcome all applications from suitably qualified students.

            Tuition Fee

            • International

              16980 GBP/year
              Tuition Fee
              Based on the original amount of 16980 GBP for the full programme and a duration of 12 months.
            • EU/EEA

              10356 GBP/year
              Tuition Fee
              Based on the original amount of 10352 GBP for the full programme 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 Buckingham

            • 660 - 1140 GBP/month
              Living Costs

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

            Funding

            The University would like to encourage students – both undergraduates and postgraduates – to come to Buckingham regardless of their financial circumstances. The bursaries and scholarships we offer are awarded on merit and/or on financial need. You may only accept one University award.

            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

            Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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