Banking and Finance MSc

This degree programme provides the opportunity to follow the prestigious CFA (Chartered Financial Analyst) specialist pathway and acquire the skills to complete the CFA Level 1 examination (for both September-intake and January-intake students). Banking and financial services represents a highly competitive and rapidly changing sector in every modern economy. Changes in customer requirements, technology, competitive conditions and regulation create the need for managers, traders and analysts to make rapid and often far-reaching decisions about their short term operations and long term strategies.

The Banking and Finance MSc course at Bangor offers you a unique opportunity to study advanced theory and practice relating to financial services, and to develop an appreciation of the causes and significance of current developments in this vitally important and dynamic sector of the economy. Issues you will tackle as part of the MSc Banking and Finance degree programme include: Why are the banking systems in different countries (such as the UK, Germany, Japan and the US) so diverse? What determines the structure, performance and efficiency of banking and financial markets?

Why do banks and financial intermediaries exist? What are the main theories of the banking firm? How relevant are financial intermediaries in a world of increasing securitization and with the evolution of virtual banking?

How do banks optimally allocate capital? Does bank regulation increase or decrease risks? How do we measure the risks undertaken by banks?

Can regulators reduce the likelihood of systemic (system-wide) risk? What are the relationships between risk and return governing investment in company shares and other derivative instruments? Can market risk be priced accurately?

Can credit risk be priced accurately? How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors? How can we assess the investment performance of pension funds, insurance companies and unit trusts?

How do banks use futures, options, derivatives and swaps to manage their balance sheet and off-balance sheet risks? What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates? How do banks manage their business so as to maintain customer relationships, improve operational efficiency and add shareholder value?

With these needs in mind, this programme at Bangor has been designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to banking, finance and capital markets. These programmes provide a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of financial techniques in a real-world setting.

Course structure

January intake: Taught modules are undertaken in the period of January to June and September to January and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.