Banking and Finance (MSc) 2023 entry

Gain the skills and knowledge needed for specialist roles in banking and wider financial services sector, as well as the exposure to contemporary global issues and research in banking and finance. 

The MSc Banking and Finance programme is accredited by the Chartered Banker Institute and can lead to Chartered Banker Status. 

Start date
September 2023
End date
September 2024
Duration
One year full time
School
School of Management

Application deadline

Thursday 10 August 2023

Applicants should apply as early as possible to be eligible for certain scholarships and for international visa purposes.

“The greatest benefit was the combination of theoretical and practical learning with academics who are professionals in their field. Achieving Chartered Banker Status will help with my career. The University's postgraduate community is extremely strong with a great number and variety of societies, extracurricular lectures and opportunities for socialising with other students.”
Bono
- Pula, Croatia

Entry requirements

  • An upper 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 may 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. See English language tests and qualifications.

The qualifications listed are indicative 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) 
  • one original signed academic reference 
  • academic transcripts and degree certificates.

For more guidance, see supporting documents and references for postgraduate taught programmes.

English language proficiency

If English is not your first language, you may need to provide an English language test score to evidence your English language ability. See approved English language tests and scores for this course.

Course details

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. 
  • The MSc Banking and Finance is accredited by the Chartered Banker Institute. Students who successfully complete this programme will achieve Chartered Banker Status. To obtain this status, students are required to choose MN5608 'Risk Management' and MN5604 'Financial Systems' as their optional modules. 

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%). 

For more details of each module, including weekly contact hours, teaching methods and assessment, please see the latest module catalogue which is for the 2022-2023  academic year; some elements may be subject to change for 2023 entry. 

  • Advanced Corporate Finance: focuses on empirical and theoretical issues that arise in modern corporate finance. 
  • Applied Financial Econometrics: develops students' ability to undertake quantitative research by equipping them with econometric tools and techniques to analyse and interpret financial data. 
  • Banking and Finance: provides students with an in-depth knowledge and a rigorous background in the mainstream areas of modern banking and finance. 
  • Financial Technology (FinTech): equips students with an understanding of the technology underlying FinTech by introducing advancements in blockchain, machine learning and artificial intelligence. Provides an overview of key trends and considers the impact of FinTech on financial services such as payments, investing, lending, borrowing and spending. 

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

Here is a sample of optional modules that may be offered. 

  • Alternative Investment: provides students with an overview of investment opportunities alternative to the main equity and bond markets. 
  • Behavioural Finance: introduces students to key concepts in behavioural finance and distinguishes between conventional financial theory and behavioural approaches. Focuses on deviations from rational models, illuminating resulting biases that impact upon financial markets, their institutions and other participants. 
  • 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. This module is required for achieving Chartered Banker Status. 
  • International Financial Management: studies in the international monetary frameworks and the conduct of monetary policies in major developed economies. 
  • Risk Management: provides an insight into managing the exposure to risk and how to apply relevant theories to realistic financial decision problems. This module is required for achieving Chartered Banker Status.

Optional modules are subject to change each year and require a minimum number of participants to be offered; some may only allow limited numbers of students (see the University's position on curriculum development). 

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 Masters 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 2023 entry. Take a look at the most up-to-date modules in the module catalogue.

Teaching

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 or seminars. 

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 provide support and help prepare you for the dissertation. 

Assessment comprises a combination of coursework and examinations.

Events

The School of Management hosts events and guest lectures beginning in Orientation Week and throughout the year, providing students and staff with opportunities to socialise, and to engage with visiting scholars, professionals and practitioners. 

The Management Society, a student-led organisation, hosts a broad range of activities, both subject-related and social. The University also has a number of other student societies relating to the management discipline. 

Fees

Home
£13,470

Overseas
£27,230

More information on tuition fees can be found on the postgraduate fees and funding page.

Funding and scholarships

The University of St Andrews is committed to attracting the very best students, regardless of financial circumstances. Find out more about the scholarships and postgraduate loans available.

Jane M Klausman Women in Business Scholarship 

For women pursuing a business or business-related degree. 

All taught postgraduate scholarships

After your degree

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 management consultancy, accountancy, investment analysis, investment banking, commercial banking, 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: 

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

Masters Extra (MX) programme

The Masters Extra (MX) programme is designed specifically for taught masters students in the School of Management and focuses on careers, and personal and professional development. This series of talks, workshops, networking opportunities and activities includes guest lectures from entrepreneurs, experienced managers and leading researchers. 

The Careers Centre offers one-to-one advice to all students as well as a programme of events to assist students in building their employability skills.


Further study

Many Management graduates continue their education by enrolling in PhD programmes at St Andrews or elsewhere. 

ESRC Scottish Graduate School of Social Science 

Fully funded awards for PhD students in the School of Management. 

Management PhD studentships 

The School of Management often offers PhD studentships comprising a stipend at RCUK level and a fee waiver at home and EU level. 

Postgraduate research

What to do next

Online information events

Join us for one of our information events where you can find out about different levels of study and specific courses we run. There are also sessions available for parents and college counsellors.

Postgraduate virtual days

We encourage all students who are thinking of applying to the University to attend one of our online visiting days.

Contact us

Phone
+44 (0)1334 46 2200
Email
pgmgmt@st-andrews.ac.uk
Address
School of Management
The Gateway
North Haugh
St Andrews
KY16 9RJ

School of Management website