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Banking and Finance - MSc

Mode of study: Full time, Part time
Start date: September 2021, January 2022
Duration of Study: 1 year / up to 20 months with entrepreneurship or placement pathway 2 years part-time / up to 24 to 36 months depending on pathway

Subject Area: Business and Management
FEES (2021/22 academic year): UK - FT £9,750 / PT £5,370; International - £18,000

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Programme specifications

Course Overview

The financial services is arguably the global economy’s most important influential sectors with banks considered to be the life-blood of the modern economy and there is a strong demand for professionals with advanced analytical and technical skills. Taking advantage of our Bloomberg Finance Lab, our new hands-on MSc Banking and Finance focuses on the business practices, banking client relations, professional and computing skills required to succeed in banking and finance in a digital age. This course is accredited by The Chartered Banker Institute, upon completion you will receive Associate Chartered Banker status

Key facts

Keele is ranked 3rd in the UK for business by the Postgraduate Taught Experience Survey (PTES 2019).
This course is accredited by The Chartered Banker Institute, upon successful completion you will receive Associate Chartered Banker status.
Curriculum tracks key modules of the Chartered Banker Institute (CBI) syllabus required to gain the Advanced Diploma in Banking and Leadership in a Digital Age– and we’ll pay your CBI membership fee.
Opportunity to apply for Associated Chartered Banker status on successful completion of the MSc after accreditation can be sought.*
Access to our Bloomberg Suite with all its economic, financial and business real-time data, world news, analyses and reports from the world’s biggest financial organisations.
Hands on testing of theories and methods via extensive use of databases and advanced software packages.
Option to complete the Bloomberg Market Concepts (BMC) certificate free of charge.
Large choice of optional modules allows you to tailor your studies to match your interests.
Gain substantial practical experience through a consultancy project or work placement.**
Get paid to work alongside an academic expert on a ‘live’ research project to help local SMEs bring innovative products and services to market quicker through Keele Research and Innovation Support Programme (KRISP).

*Courses must run for at least one year (full-time) and two years (part-time) before an institution can apply for CBI accreditation.
**Please note that our students’ health and wellbeing is paramount, therefore contact and work-based activities have been suspended due to the global pandemic.

About the course

Chartered Banker Institute logo

One of the oldest industries still in existence, ever since the first bartering and exchange systems the role of banking has been constantly evolving. Now, ground-breaking technology – the driving force behind new developments like digital lending, neobanking, automated and personalised customer experiences – is making a career in the financial services more exciting and rewarding than ever before.

Fundamental to the design of our programme is the emphasis on practical skills needed to work in the banking sector. While learning about retail and private banking, banking regulations, capital markets, econometric analysis and finance in a global markets, you’ll tackle multiple financial scenarios and work with real-world data in our state-of-the-art Bloomberg Suite, which features industry-leading technology and information captured from the world’s largest financial organisations.

You will develop a rigorous understanding of modern banking challenges faced by industry and wider society, following the latest research in the field of banking and finance.

Studying alongside a diverse international body of students from a wide range of national and social backgrounds, you will develop as a global citizen, vital in today’s globalised world of work. You will expand your professional networks and learn to appreciate different cultural backgrounds and personalities.

This MSc Banking and Finance will be suited to those aspiring to or currently working within the banking sector and wider financial services. Achieving this qualification will demonstrate to employers here in the UK and overseas that you have advanced your knowledge in financial management, particularly in core banking activities, financial planning, investment, liquidity and risk management.

Content of this master’s degree has been purposefully designed to meet the criteria set out by the Chartered Banker Institute (CBI). It is our intention to apply for accreditation as soon as the relevant conditions to do so have been met.* Long-term, if you want to progress up the ranks within retail banking or corporate/private banking, Chartered Banker status is considered the ‘gold’ standard. Holders of the title are recognised as highly qualified, professionals with a detailed knowledge of the modern banking sector and its ethical and professional requirements.

* Courses must run for at least one yea (full-time) and two years (part-time) before an institution can apply for CBI accreditation.

What you'll learn

With a focus on the challenges faced by banks, insurance companies and other financial services in dynamic and competitive environments, you will learn to appreciate and evaluate the role that global finance plays in addressing these challenges.

Course content is kept up-to-date through ongoing analysis of industry developments, for example, in digital banking and green finance, examining the impact of digital technology on how modern banking is developing and how banks are adapting to meet the needs of climate change.

You will master the ability to solve complex banking and finance related problems, learning how to integrate and apply financial and risk management decisions into coherent plans. In doing so, you will develop a wide-ranging set of skills sought after by the financial services sector, ranging from critical analysis and interpretation to implementation of complex financial models using data taken from Bloomberg.

Moreover, this programme tracks the syllabus for the Advanced Diploma in Banking and Leadership in a Digital Age of the Chartered Institute of Bankers (CBI). On completion, you will be prepared to sit for the Diploma and be on track to meet the academic requirements to be a professional banker.

Course structure

You will study a variety of core and optional taught modules in Semesters 1 and 2. You will then undertake a large project to further develop your knowledge in a specific area of marketing.

Banking and Finance module structure

SEMESTER 1

Core modules

Economics for Investment Analysis and Business. You’ll gain an understanding of the fundamental economic forces that shape the global economic order and global trade, exploring both micro and macroeconomics from the perspective of the investment industry. You will learn the importance of the currency market in ensuring successful capital markets, and the impact of human labour on economic growth and government policies to ensure economic growth and investments.
Financial Ethics and Regulations. We consider the importance of ethics and trust which sit at the core of the financial services sector. You’ll develop insight and the skills required to critically analyse the pre-requisite ethical standards, alongside a solid understanding of the legal and regulatory requirements that forms the basis of the industry.
Bank Operations and Strategy. This module provides an overview of modern banking and its impact on wider society. You’ll gain insights into the factors that contribute to successful banking operations, as well as an understanding of the importance of customers to banks and how managing the relationship with customers contributes to overall success.
Portfolio Management and Investment Analysis.You will learn to apply modern portfolio theory, starting with a background to the portfolio industry and the basic building blocks of modern portfolio theory. You’ll examine the performance of single and multi-factor investment models, learning to assess the performance of portfolio managers in the context of market risk. Finally, you’ll be introduced to modern behavioural finance and briefly explore hedge fund strategies.

SEMESTER 2

Core modules

Bank Risk Management. This module examines the risks facing banks from different angles and consider the cultural environment in which banks operate in. You will explore risk both from a qualitative and a quantitative perspective, together with the in-depth calculations which need to be performed by banks to meet their regulatory risk management requirements.
FinTech and Mobile Banking. Designed to provide insight into the current digital revolution and how it is radically changing the financial services of the future, this module starts by examining the underlying technology, namely the Blockchain and how this is used for digital currencies and digital banking. You will also gain an appreciation of how cybersecurity challenges lie at the heart of digital banking and digital finance.
Research Methods

Optional modules:

You will choose two of the following:

Multinational Accounting and Control
Contemporary Issues in Accounting
Derivative Instruments. Introducing you to the modern multi-trillion-dollar derivative markets, you’ll learn about the different types of derivative instruments widely traded in the derivatives markets, as well as those developed for specific needs. You will explore the complex valuation techniques which have been developed to manage derivatives. Finally, you’ll learn how derivative instruments can be used to manage complex market positions and the catastrophic losses that may occur if they are misunderstood and misapplied.
Fixed Income Securities and Credit Risk. This module tracks the CFA syllabus on fixed income securities. It provides in-depth insight into the valuation and management of the fixed income market, preparing you to sit for the CFA professional exam. Moreover, it also explores the latest methodologies to assess and measure credit risk. Finally, you’ll develop an in-depth understanding of the potential losses that can accrue due to the failures in the fixed income market.
International Financial Reporting
Green Finance. Studying this module will provide you with key insights into the key roles that will be played by the capital markets and financial services firms, such as banks and insurance companies, in transitioning to a sustainable world. You will examine key scientific evidence and core factors behind climate change, going on to consider some of the unique financial products developed to mitigate its impact, such as green bonds.

SEMESTER 3

After you have completed the taught modules, you will undertake an independent project to further develop your knowledge in a specific area of management or to tackle a specific management issue within an organisation, all of which is designed to enhance your employability and research skills. You will choose one of the options below:

· Economics for Investment Analysis and Business
You’ll gain an understanding of the fundamental economic forces that shape the global economic order and global trade, exploring both micro and macroeconomics from the perspective of the investment industry. You will learn the importance of the currency market in ensuring successful capital markets, and the impact of human labour on economic growth and government policies to ensure economic growth and investments.

· Financial Ethics and Regulations

We consider the importance of ethics and trust which sit at the core of the financial services sector. You’ll develop insight and the skills required to critically analyse the pre-requisite ethical standards, alongside a solid understanding of the legal and regulatory requirements that forms the basis of the industry.

· Bank Operations and Strategy
This module provides an overview of modern banking and its impact on wider society. You’ll gain insights into the factors that contribute to successful banking operations, as well as an understanding of the importance of customers to banks and how managing the relationship with customers contributes to overall success.

· Portfolio Management and Investment Analysis
You will learn to apply modern portfolio theory, starting with a background to the portfolio industry and the basic building blocks of modern portfolio theory. You’ll examine the performance of single and multi-factor investment models, learning to assess the performance of portfolio managers in the context of market risk. Finally, you’ll be introduced to modern behavioural finance and briefly explore hedge fund strategies.

Research dissertation

The research dissertation is a formal written academic project of between 15,000 and 20,000 words, making it ideal preparation for future academic research at MPhil or PhD level or for the report-writing and scrutiny expected of senior management professionals. Taking inspiration from your own interests, and with support throughout from a supervisor with relevant expertise, you’ll choose a topic to research in the field of marketing. To give you an idea, it could be anything from country perceptions of outdoor guerrilla marketing to a comparison between charity and corporate marketing strategies.

Consultancy Project

During June and September, you will spend eight to 12 weeks undertaking a marketing research project on behalf of an organisation (chosen by Keele Business School). You’ll put into practice what you’ve learned, developing and applying your skills to solve a business problem, issue or focus on a specific project. As part of the eventual assessment, you’ll present your findings to the host organisation, exactly as you would do within the workplace. As an example, one student worked with a pet food company to explore new and innovative marketing techniques to promote their brand, while another undertook research and developed a marketing plan and social media campaign for fire training facilities. We also had one student help an online retail company develop and relaunch its brand, with another developing PR and marketing activities for a local arts centre.

Please note that participation in the Consultancy Project is only available after a comprehensive selection process. Please view our terms and conditions to find out more.

Entrepreneurship pathway

An excellent opportunity if you have an idea for a new business venture, this module will provide you with the time, space and expertise to develop it. For between eight weeks to 12 months, you’ll be given the option of a base within the University’s incubator and have access to workshops and guidance from a network of entrepreneurs and business advisers. During this time, you’ll complete a portfolio of evidence on your idea and present this to an external stakeholder. Places are limited, and you will be required to undertake an interview prior to acceptance on this module.

The Entrepreneurship pathway is available to UK and international students. Yet for international students, the availability of the Entrepreneurship pathway is subject due to the latest visa regulations.

Placement pathway

In an increasingly competitive job market, employers are looking to recruit employees who have high-level knowledge, skills and workplace experience. With support from the Faculty Placement Officer, you will gain first-hand professional experience on a suitable, paid work placement for between eight weeks to 12 months. During your placement, you will be required to complete an extended project on behalf of the organisation. As part of the eventual assessment, you’ll present your findings to the host organisation, exactly as you would do within the workplace. Your placement can be based anywhere in the UK giving you the opportunity to work with local, national and international organisations.

Students who require a visa to study in the UK may be able to add in a work placement depending upon the programme. The ability to add a work placement is dependent upon the UK Immigration rules at the time of the request. It may be that for some programmes students will not have the option to request a placement period to be added to their programme before they arrive in the UK and would need to apply for a new visa. There is no guarantee that a placement will be provided and that students who have a visa are subject to a number of restrictions on the type of work, including placements they can undertake.

How the course is taught

Our teaching and learning strategy is wide-ranging and innovative, seeking to give you a rich learning environment that draws actively upon leading edge research, as well as current business practice. It includes traditional lectures, workshops and small group tutorials and innovative approach of flipped classes which, through debate, discussion and case study, will encourage you to become a socially responsible business thinker.

A key strength of our programme is our commitment to developing your critical thinking and practical skills, whether you are preparing for an academic or professional career. The carefully designed modules combined with research and other placement-related projects will give you valuable insight into the interface between theory and real-world accounting practice

You will gain hands-on experience of terminal function and portfolio management, practising some of the core financial concepts, such as economic indicators, currencies, fixed income and equities, in the Bloomberg Suite.

Bloomberg’s professional service is a powerful platform for financial professionals that delivers real-time data and news and contains a wide range of analytical tools for asset valuation and portfolio and risk management. This platform is used by banks and other financial services organisations in their daily operations. You have the option to gain the Bloomberg Marketing Concepts (BMC) certificate, which will enable you to work as an investor analyst, banker, financial analyst, policy advisor or academic.

Our Grand Challenges lecture series invites speakers to provide fresh perspectives on the political, ethical and intellectual problems we face as a world today, while our Lunchtime Lectures centre on leadership in the context of complexity and inclusion.

Teaching schedule

Teaching takes place over the first two semesters. There are no formal group classes during Semester 3, but you consult with supervisors and access the University’s learning and teaching facilities and support services.

Semester 1 runs from the end of September to the end of January, with an assessment period in January.
Semester 2 runs from the last week of January to the middle of June, with the assessment period in June.
Semester 3 runs from June to the end of September.

Facilities

The course is run from Keele Business School’s new home – the Denise Coates Foundation Building – a state-of-the-art facility complete with 220-seat lecture theatre, a ‘think lab’ study space, data laboratory, cafe and business lounge.

Home to our accounting, business management, economics, finance, HRM, international business, management and marketing programmes, our Business School is the first to be located on a Science Park. As well as new teaching spaces, our building is unique in that it is also home to the Smart Innovation Hub, a project part-funded by the European Regional Development Fund (ERDF), which includes space and support programmes for innovation-led businesses, providing opportunities for students and staff to work collaboratively with entrepreneurs and business owners, gaining invaluable networks and experience.

You’ll have access to the Bloomberg Suite with all its economic, financial and business real-time data, world news, analyses and reports from the world’s biggest financial organisations. You can choose to complete the Bloomberg Market Concepts (BMC) certificate free of charge, an eight-hour e-learning, self-paced course which covers economic Indicators, currencies, fixed income and equities.

Based in the heart of England, Keele University is easily accessible by motorway and public transport. You’ll find everything’s on your doorstep, with the most important facilities gathered together at the centre of campus, which, at 600 acres, is one of the biggest in the UK.

Recognised for the highest quality teaching, the University was awarded Gold in the Teaching Excellence Framework (TEF), while 97% of our research is classed as world-leading or of international importance (REF 2014). In the global top 20 for campus sustainability, environmental and corporate responsibility underpin the running of our own business and these themes are embedded into our teaching of future professionals and leaders.