Banking and Finance MSc

Surrey Business School’s academic expertise in banking and finance is at the heart of this programme, which provides an essential education in the subject.

Why Surrey?

At Surrey Business School, we offer a diverse range of business and management programmes that are fuelled by a common approach: encouraging you to be entrepreneurial and innovative, providing opportunities for you to engage with real-world business problems throughout your programme.

Programme overview

Our MSc in Banking and Finance will provide you with an in-depth, up-to-date understanding of the subject. You will gain an appreciation of the rapidly changing financial market conditions around the world, the source of the recent financial crisis and the rationale for the ‘bailouts’ of several banks worldwide.

The programme offers a rigorous treatment of the theory of banking and finance and how this relates to the role of banking institutions in national and international economies. You will also be equipped with skills in the econometric techniques needed to understand the world of banking and finance, as well as undertaking independent empirical research in the subject.

The elective modules available offer a wider perspective on the subject matter and allow you to tailor the programme according to your own particular interests or career aspirations.

Programme structure

The programme involves six compulsory modules, two elective modules and a dissertation.

Compulsory modules:

  • Research Methods
  • Money and Banking
  • Foundations of Finance
  • Quantitative Methods
  • Corporate Finance
  • Investment Analysis

Elective modules:

  • International Corporate Governance
  • Derivative Securities
  • International Finance
  • Risk Management

Example module content

Money and Banking

This module introduces money and banks (microfoundations) and the implications for allocative efficiency and regulation, whilst looking at the complex roles of asymmetric information, signalling, adverse selection, risk aversion, agency and moral hazard in banking activities.

Foundations of Finance

This module provides a complete introduction to financial theory through a study of the problems of investing capital, specifically valuation of securities both as individual investments and their contribution to risk and return in a portfolio context.

Quantitative Methods

Finance is regarded as applied economics. A good grasp of quantitative methods in economics is essential for finance and accounting-related studies. This module is an introduction to the techniques of econometrics and the use of an econometric package.

Research Methods

Introducing the process of research project formulation and the key elements of research design, this module should prepare you to execute your research study for your dissertation in a systematic and scientific manner.

Corporate Finance

This module provides a substantial course in corporate finance following the Foundations of Finance module. This exposure will help you understand some of the more difficult materials in corporate finance and also present corporate finance as the working of a number of integrated and powerful institutions.

Investment Analysis

This module studies the various stages of the investment analysis and management process, from the award of an investment sponsor’s mandate, through investment manager selection, to the portfolio and performance outcome of that selection. Consideration is made at each stage of who makes the decisions and what those decisions are based upon. This includes asset allocation and comprises equity investment, active versus passive investment, drivers of value, security selection, investment style and investment performance.

International Corporate Governance

This module builds on financial economics theories to encompass the latest developments in corporate governance worldwide. The theoretical study is supported by empirical evidence in which corporate governance develops by examining the legal structure and capital market for various countries at macro level, and the firm’s structure which influences the effectiveness of corporate governance at macro level. It takes an international approach by contextualising its development and providing a stimulating range of academic and practitioner research, and topical case studies.

Derivative Securities

This module is targeted at students interested in understanding the purpose and use of derivative securities, specifically forwards, futures, swaps and options. Applications in hedging and speculating in corporate and funds management are used to reinforce a rigorous development of arbitrage theory that underpins the pricing behaviour of derivative securities.

Risk Management

Risk management focuses on the types of risk that arise for a business including market risk, credit risk and interest risk. This module considers financial risk management strategies, how risk is evaluated, the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of operational risk and key risk management issues for financial institutions, including regulatory issues such as Basel II.

International Finance

This module provides you with an understanding of worldwide financial markets and the main types of securities traded in these markets, as well as how to use these securities to hedge risks in world financial markets.

Dissertation

The dissertation is the final element of the programme and it provides an opportunity for a sustained period of research. It allows you to concentrate on topics that are of particular interest to you and it draws upon a range of different aspects of the taught programme, particularly the Research Methods module. It also gives you an opportunity to work on your own with individual supervision.

The module allows you to:

  • Undertake an original piece of research adding to existing knowledge
  • Demonstrate an ability to select, define and focus upon an issue at an appropriate level
  • Develop and apply relevant and sound methodologies
  • Analyse the issue and develop recommendations and logical conclusions
  • Be aware of the limitations of research work

You will also be expected to demonstrate an awareness of any ethical dilemmas that arise in your research.

Professional recognition

Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).

Related programmes

Postgraduate (Taught)

Related departments/schools

Related research areas

Programme director

Professor Manthos Delis

Find out more

General Enquiries:

+44 (0)1483 681 681

pg-enquiries@surrey.ac.uk

Admissions Enquiries:

+44-(0)1483-682-222

admissions@surrey.ac.uk

Programme facts

Type of programme:

MSc

Programme length:

  • Full-time: 12 months

Start date:

Sep 2015

Entry Requirements

Applicants should normally hold a Bachelors degree (UK 2.1 or above) or equivalent qualification from a recognised British or overseas university in a related subject (including accountancy, business administration, economics, engineering, finance, management, mathematics, physics or science).

If an applicant’s Bachelors degree is not in a subject related to the MSc, some relevant work experience would be an advantage. Higher level professional qualifications may also be accepted. Each applicant is assessed on their own merit.

English language requirements

IELTS minimum overall: 6.5

IELTS minimum by component: 6.0

We offer intensive English language pre-sessional courses, designed to take you to the level of English ability and skill required for your studies here.

Fees

Study mode Start date UK/EU fees Overseas fees
Full-time Sep 2015 £10,600 £16,500

Please note these fees are for the academic year 2015/16 only. All fees are subject to annual review.

A complete list of all fees for our Masters Programmes

Funding

Discounts for Surrey graduates

Thinking of continuing your education at Surrey? As an alumni of Surrey you could be eligible for a 10% discount on our Taught Masters programme fees.

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