MSc Banking and Finance
- Programme director
- Manthos Delis
- Programme length
- Full-time: 12 months
- Programme start date
- September 2013
Providing you with the theory of banking and finance and how this relates to the role of banking institutions in international and national economies.
This programme will help you to understand, among other things, the rapidly changing financial market conditions, the source of the recent financial crisis and the rationale for the ‘bailouts’ of several banks worldwide.
It will provide you with a rigorous treatment of the theory of banking and finance and how this relates to the role of banking institutions in international and national economies. It also aims to equip you with technical skills in the econometric techniques that are necessary to understand the literature and undertake independent empirical research in banking and finance. The optional modules also offer you a wider perspective on the subject matter and allow you to specialise in areas that you find of particular interest.
Applicants should usually 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, finance, economics, business administration, management, mathematics, physics, science and engineering. If an applicant’s Bachelors degree is not in a subject related to this MSc, some relevant work experience would be an advantage. Each applicant is assessed on their own merit. Higher level professional qualifications may also be accepted.
English language requirements
IELTS minimum overall: 6.5
IELTS minimum by component:
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 and funding
All fees are subject to increase or review for subsequent academic years. Please note that not all visa routes permit part-time study and overseas students entering the UK on a Tier 4 visa will not be permitted to study on a part-time basis.
|Programme name||Study mode||Start date||UK/EU fees||Overseas fees|
|MSc Banking and Finance||Full-time||Sept 2013||£9,650||£16,315|
The programme consists of six compulsory modules, two optional modules from a range of four, and a dissertation.
Semester 1 – Compulsory Modules
Money and Banking (15 credits)
Foundations of Finance (15 credits)
Quantitative Methods (15 credits)
Research Methods (15 credits)
Semester 2 – Compulsory Modules
Corporate Finance (15 credits)
Investment Analysis (15 credits)
Semester 2 – Optional Modules
International Corporate Governance (15 credits)
Derivative Securities (15 credits)
Risk Management (15 credits)
International Finance (15 credits)
Semester 2 – Dissertation
The dissertation carries a weight of 60 credits.
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 aims to provide 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.
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.
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.
The aim of this module is to provide 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.
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. The module is designed as a substantial course in finance at master’s level appropriate to degrees in accounting and finance, generic business and management studies, and the MBA.
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 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.
The aim of this module is to provide 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.
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 is designed to allow 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.
The Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and by the Association of MBAs (AMBA).
Why choose Banking and Finance at the University of Surrey?
A Surrey Business School master’s degree will help you gain a competitive edge in an overcrowded job market. Take your skills and knowledge to the next level with one of the best banking and finance groups in the world. Whether you want to further your professional career or go on to study for a PhD, this programme gives you the qualification you need to succeed. If you are a recent graduate, it will help you develop skills and knowledge directly relevant to your employers’ needs. For those already in a career, it will build on existing experience to help give your career a boost, or provide you with a platform for career change.
You will be taught by world-class faculty, who possess up-to-date theoretical and practical knowledge in the key areas of business, management, economics and finance. By exposing students to the frontiers of the subject and training them in relevant research skills, these degrees can be used as a successful platform from which to progress to further study at PhD level.
We warmly welcome international students and, with over 90% non-UK postgraduate students from all over the world currently studying at Surrey Business School, we are committed to maintaining a diverse and multicultural working environment.
- This innovative programme combines banking and finance with applications in international business
- There are opportunities to develop skills in specialised areas through a wide choice of optional modules
- The programme develops a finance and banking education with an international outlook
- The programme is delivered by dedicated staff in a research-led environment
- The University of Surrey is one of only ten UK universities accredited by the Association to Advance Collegiate Schools of Business (AACSB) and one of 34 UK universities accredited by the Association of MBAs (AMBA)
- Surrey is ranked among only 5 per cent of UK universities with double international accreditation
Facilities, equipment, academic support
The Surrey Business School prides itself on its high teaching standards, research excellence, employment record, international reputation and flexible teaching methods, and has an outstanding group of academics committed to education.
Throughout your time at Surrey you will have access to a range of services and support. The School is committed to developing your study skills through a variety of different teaching methods and tutorials.
In addition, our learning resources are second to none. You will work in the state-of-the-art School of Management building which is wireless networked and has well-equipped computer laboratories, dedicated high-quality seminar rooms and a 400-seat auditorium.
When you wish to relax and meet friends, the School offers a purpose-built student common room, its own coffee shop and the Lakeside Restaurant, which operates as a professional business but is also a fundamental part of the School’s Hospitality Management programmes.