MSc in Banking and Finance

General

Read more about this program on the school's website

Program Description

The Masters in Banking and Finance (MSc) provides students with solid preparation for further academic-oriented research in banking and finance as well as the skills needed for a wide range of careers in the financial industry.

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.

Teaching format

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.

Assessment comprises a combination of coursework and examinations. 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 help prepare you for the dissertation.

Modules

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 coursework (50%) and a two-hour end-of-semester examination (50%).

Compulsory

  • Banking and Finance: provides students with in-depth knowledge and rigorous background in the mainstream areas of modern banking and finance.
  • Advanced Corporate Finance: focuses on empirical and theoretical issues that arise in modern corporate finance.
  • Advanced Financial Econometrics: further develops the econometrical skills of students to implement statistical analysis in the area of banking and finance.
  • Applied Financial Econometrics: provides students with an understanding of issues involved in the design of research projects within a finance and management discipline.

Optional

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

  • Alternative Investment: provides students with an overview of investment opportunities alternative to the main equity and bond markets.
  • 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.
  • International Financial Management: studies in the international monetary frameworks and the conduct of monetary policies in major developed economies.
  • Responsible Investment: provides students with an in-depth knowledge of responsible investment, which integrates environmental, social and governance issues into investment decision making.
  • Risk Management: provides an introduction to managing the exposure to risk and how to apply relevant theories to realistic financial decision problems.

Optional modules are subject to change each year, and some may only allow limited numbers of students.

Dissertation

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, at the School of Management, 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 Master's 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.

The modules listed here are indicative, and there is no guarantee they will run for 2019 entry.

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 general management, marketing and brand management, accountancy, investment analysis, 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:

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

Entry requirements

  • A good 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, and the University will take work experience into account when evaluating applications.
  • If you studied your first degree outside the UK, see the international entry requirements.
  • English language proficiency.

The qualifications listed are indicative of 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).
  • two original signed academic references.
  • academic transcripts and degree certificates.
  • evidence of English language proficiency (required if English is not your first language).

Funding

International Scholarships Scheme

Scholarships for international students studying selected Masters courses in the School of Management.

Jane M Klausman Women in Business Scholarship

For women pursuing a business or business-related degree.

Recent Graduate Discount

The University of St Andrews offers a 10% discount in postgraduate tuition fees to students who are eligible to graduate or who have graduated from St Andrews within the last three academic years and are starting a postgraduate programme with the University of St Andrews.

Last updated Apr 2020

About the School

As a 600-year-old institution, it's no surprise that the University of St Andrews is known across the globe as a world leader in education. We are Scotland’s best university ranked by the Complete Uni ... Read More

As a 600-year-old institution, it's no surprise that the University of St Andrews is known across the globe as a world leader in education. We are Scotland’s best university ranked by the Complete University Guide 2019, and 2nd overall in the UK (Guardian Good University Guide 2019). Read less
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