Banking and Finance (MSc) 2021 entry
The Masters in Banking and Finance (MSc) provides students with 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.
Applications open in autumn
Applications for this programme are not yet open, but will be available early autumn 2020. Please register your interest to find out more about this programme.
Postgraduate, leading to a Master of Science (MSc)
- Start date: 6 September 2021
- End date: 30 September 2022
Information about all programmes from previous years of entry can be found in the archive.
One year (12 months) full time
- 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 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.
Admission to this programme will close once the programme is full. Applicants should apply as early as possible to be eligible for certain scholarships and for international visa purposes and to ensure their application is submitted before the programme is full.
- 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
- evidence of English language proficiency (required if English is not your first language).
A sample of academic writing is not required for this programme.
For more guidance, see supporting documents and references for postgraduate taught programmes.
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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 2020–2021 academic year; some elements may be subject to change for 2021 entry.
- Applied Financial Econometrics: provides students with an understanding of issues involved in the design of research projects within a finance and management discipline.
- Banking and Finance: provides students with an in-depth knowledge and a rigorous background in the mainstream areas of modern banking and finance.
- Advanced Financial Econometrics: further develops econometrical skills of students to implement statistical analysis in the area of banking and finance.
- Advanced Corporate Finance: focuses on empirical and theoretical issues that arise in modern corporate finance.
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.
- 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 2021 entry. Take a look at the most up-to-date modules in the module catalogue.