Accounting and Finance and Economics

Banking and Finance - MSc

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Want to be at the forefront of an ever-growing and competitive industry? This information-packed MSc in Banking and Finance, accredited by CFA and PRMIA, equips students with insight and understanding of trends in the banking world, with an emphasis on learning the regulation of the sector and the core functions in a financial system.

Overview

In the fast-paced, competitive world of global banking, it has never been more important to stand out from the financial crowd.

As a Kent Business School student studying Banking and Finance, you develop unbreakable skills to give you the edge in the ever-changing global financial landscape. Get ready to gain a fine-tuned insight and vision regarding key issues in finance from the very foundations of the sector to the more recent regulation changes and everything in between.

You are taught by a series of experts, many of which are leaders in their chosen field of research. The course also provides extensive access to real market data via our Bloomberg Lab, a coveted virtual trading platform which is bursting at the seams with real world data and case studies to apply your newfound expertise to.


Our MSc Banking and Finance degree programme

Studying Banking and Finance, you learn to critically evaluate and apply important topics in the field, including international banking, financial risk management, quantitative methods and international financial markets.

On our flexible course, you also select from a variety of optional modules exploring areas including corporate governance and ethics, financial regulation and credit risk.

You also deepen your knowledge on a specific area through a research-led project.

Through this postgraduate course, you have incredible opportunities to experience the world of banking through hands-on experience via in-class live case studies from our visiting industry experts, enterprise challenges and company visits.

You will also have access to our ASPIRE centre, a purpose built entrepreneurial lab where you can develop, plan and launch your own start up business.

Our graduates leave the university with the skillset to pursue a sought-after career in investment or commercial banking.

This course gave me more confidence and developed my ability to talk about the industry a lot more. It gave me a great understanding of how the financial industry works, particularly banking.

~ Darren Smith, MSc Banking and Finance 2019

Gain a competitive edge: industrial placement

Industrial placements are the perfect way for you to enhance your career prospects and deepen your understanding of your specific area of expertise. You will have the opportunity to put taught skills into practise and develop a network of industry professionals.

With the option to undertake the programme with an industrial placement this course offers you the opportunity to gain work experience in the UK or overseas. Placements are self-sought and can range from an additional 12 to 50 weeks. This would extend the normal 12 month Masters programme to a maximum of 24 months.

The School offers support to those students seeking an industrial placement, through extra-curricular engagement with our dedicated placements team. Our dedicated placement team can help you gain a suitable paid position and provide support throughout your placement.

Students considering this option should be aware that they will be required to successfully complete all stage 1 and 2 modules and that there may be additional costs for students in terms of visa extensions, Immigration Health Surcharge (IHS) and accommodation, for example.

What’s next?

If you want to learn more visit the Kent Postgraduate Events website where you can register for open events, take a virtual tour and explore our world.

If you have any further questions regarding the course or the application process please contact kbsadmissions@kent.ac.uk

You can apply for this postgraduate course online. Before you apply please check our information on how to apply and the documentation required to process your application

About Kent Business School

Our School is proud to be in the top 1% of business schools globally to hold accreditations from three leading business organisations:

Our programmes offer world-class business education enabling transformative learning experiences built around the School’s fundamental values of sustainable innovation and responsible management practice. Our students are at the heart of all considerations and through engaging teaching, world-class research, professional partnerships and an international community, we create an exciting atmosphere in which to learn and thrive. All our programmes at Kent Business School address the challenges of modern global business and we aim to meet industry demands of producing quality graduates by ensuring we unlock our students’ potential, expand their thinking and nurture their talent.

Accreditation

This course is accredited by CFA Institute who aim to lead the investment profession globally by  promoting the highest standards of ethics,  education, and professional excellence for the ultimate benefit of society. As a result of the CFA accreditation, a number of scholarships for the CFA exams are available to students in the programme every year.

It is also accredited by the Professional Risk Managers’ International Association (PRMIA), the leading professional body in the risk management profession. As a result of this accreditation, graduates of the programme are eligible for a number of exemptions for the Professional Risk Manager Designation (PRM) exams.

Entry requirements

A minimum of a second-class UK degree, or an equivalent internationally recognised qualification, in a business, finance, accounting and any quantitative discipline.

All applicants are considered on an individual basis and those without an honours degree may also be considered on the basis of work experience, professional qualifications and the relevance of the programme to their current professional role.

The University will consider applications from students offering a wide range of qualifications. Some typical requirements are listed below. Students offering alternative qualifications should contact us for further advice.

If you are an international student, visit our International Student website for further information about entry requirements for your country, including details of the International Foundation Programmes.

English language entry requirements

The University requires all non-native speakers of English to reach a minimum standard of proficiency in written and spoken English before beginning a postgraduate degree. Certain subjects require a higher level.

For detailed information see our English language requirements web pages. 

Need help with English?

Please note that if you are required to meet an English language condition, we offer a number of pre-sessional courses in English for Academic Purposes through Kent International Pathways.

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Course structure

Duration: 1 year full-time

This flexible programme is studied over one year full-time and consists of seven compulsory and two optional modules in Stage 1. Stage 2 consisting of a piece of finance-related research.

Stage 1 aims to provide you with the knowledge and understanding of finance and banking, covering topics such as risk management, domestic banking and quantitative methods.

Stage 2 consists of one compulsory module, The Business Report in Finance. This is a detailed study using relevant finance techniques to evaluate a chosen company. Analysis about the company’s financial practices and performance is then drawn together and presented in a report format.

The MSc Banking and Finance programme is available with an optional industrial placement, which will require you to complete the Industrial placement Report.

Modules

The following modules are indicative of those offered on this course. This list is based on the current curriculum and may change year to year in response to those curriculum developments and innovation.  You may study a mix of compulsory and optional modules. You may also have the option to take modules from other courses so that you may customise your study and explore other subject areas that interest you.

Modules and options

Compulsory modules are: CB8011, CB8012, CB8013, CB9078, CB8021, CB9075.

You choose the remaining 75 credits from optional modules: CB8006, CB9059, CB9060, CB9074, CB8020, CB900.

Compulsory modules currently include

This module covers key concepts related to financial risk management, especially market risk in financial institutions. It broadly addresses the rationale for practising risk management, followed by approaches to measuring and managing risk.

Find out more about CB8011

This module deals with the interpretation of financial statements, valuation models and implications of market based accounting research.Indicative topics are:- A framework for business analysis and valuation;- Financial analysis/ratio analysis;- Valuation theory and concepts;- Quality of earnings;- Security analysis;- Credit analysis and financial distress prediction;- Mergers and acquisitions.

Find out more about CB8006

The module provides the knowledge required to understand issues in corporate governance and business ethics. Indicative topics are as follows:• Corporate governance• Shareholder versus stakeholder view of the firm• Board of directors• Role of institutional investors• Performance and renumeration• Corporate purpose and corporate communications• Ethics and corporate social responsibility• Key ethical theories and practical ethical reflections

Find out more about CB9059

Topics are:Introduction of default risk concept and credit risk-related securities.Credit rankings (internal and external rating) and the role of credit rating agencies, credit migration.Default prediction and credit scoring models.Default dependencies.Credit risk portfolio models (risk-adjusted performance, stress-testing portfolio losses).Corporate bonds and yield spreads.Default risk pricing models (structural models and reduced-form models).Market default models: (CreditRisk+, Credit Metrics™, KMV model).Credit derivatives and credit risks of derivatives.

Find out more about CB9074

This module aims to develop the ability to analyse financial crises and bank regulation, examining the roots, consequences and remedies for the financial crises with the special emphasis on the current global financial crisis. The module also aims to understand the complexity of the financial crisis and the role of bank regulation.

Find out more about CB8015

The module will develop students' understanding of corporate finance theory and its applications to the main problems faced by financial managers and corporate decision makers. The main topics that will be covered include corporate capital budgeting, investment decisions under uncertainty, cost of capital, sources of finance, capital structure, dividend policy and mergers and acquisitions (M&A) decisions.

Find out more about CB8020

This module provides a general introduction to the quantitative methods used in financial applications.

Find out more about CB8022

Business failures in the global financial sector, and the subsequent repercussions for a range of different groups, not just shareholders, have put the spotlight on the role of business and the behaviour of managers. Is business just responsible for maximising profit for its owners, or does it have responsibilities to other groups? This raises a number of difficult questions; which groups? responsible for what? And if so, how to discharge these responsibilities?

Find out more about CB900

This module aims to develop the ability to critically analyse and synthesise banking operations and strategy, examining banks' balance sheet operations with their need to balance liquidity, risk and return. The module also aims to enable an understanding of competitive strategies and the marketing of banking services and the implementation into the real business environment.

Find out more about BC8012

This module aims to develop the ability to critically analyse and synthesise banking operations and strategy, examining banks' balance sheet operations with their need to balance liquidity, risk and return. The module also aims to enable an understanding of competitive strategies and the marketing of banking services and the implementation into the real business environment.

Find out more about CB8013

This module develops the necessary knowledge and skills for students to be able to successfully complete a business report/dissertation proposal.

Find out more about CB9078

This module covers topics including Investment appraisal techniques and decisions, Stock market efficiency – capital market behaviour, Portfolio theory, The Capital Asset Pricing Model, Sources of finance, Capital Structure.

Find out more about CB8021

This module provides a general introduction to the quantitative methods used in financial applications.

Find out more about CB8022

Topics include Financial markets and their role for economic activity, Historical overview of financial markets, - Financial markets in US, UK, Europe and Japan, Emerging financial markets (BRICS), Equity, Bonds, Derivatives, Alternative Investments, Credit Markets, Asset, Backed Securities and securitization, Energy markets (oil, gas, CO2, weather, electricity), Exchange rate markets.

Find out more about CB9075

This module deals with the interpretation of financial statements, valuation models and implications of market based accounting research.Indicative topics are:- A framework for business analysis and valuation;- Financial analysis/ratio analysis;- Valuation theory and concepts;- Quality of earnings;- Security analysis;- Credit analysis and financial distress prediction;- Mergers and acquisitions.

Find out more about CB8006

The module provides the knowledge required to understand issues in corporate governance and business ethics. Indicative topics are as follows:• Corporate governance• Shareholder versus stakeholder view of the firm• Board of directors• Role of institutional investors• Performance and renumeration• Corporate purpose and corporate communications• Ethics and corporate social responsibility• Key ethical theories and practical ethical reflections

Find out more about CB9059

Topics are:Introduction of default risk concept and credit risk-related securities.Credit rankings (internal and external rating) and the role of credit rating agencies, credit migration.Default prediction and credit scoring models.Default dependencies.Credit risk portfolio models (risk-adjusted performance, stress-testing portfolio losses).Corporate bonds and yield spreads.Default risk pricing models (structural models and reduced-form models).Market default models: (CreditRisk+, Credit Metrics™, KMV model).Credit derivatives and credit risks of derivatives.

Find out more about CB9074

This module aims to develop the ability to analyse financial crises and bank regulation, examining the roots, consequences and remedies for the financial crises with the special emphasis on the current global financial crisis. The module also aims to understand the complexity of the financial crisis and the role of bank regulation.

Find out more about CB8015

The module will develop students' understanding of corporate finance theory and its applications to the main problems faced by financial managers and corporate decision makers. The main topics that will be covered include corporate capital budgeting, investment decisions under uncertainty, cost of capital, sources of finance, capital structure, dividend policy and mergers and acquisitions (M&A) decisions.

Find out more about CB8020

This module provides a general introduction to the quantitative methods used in financial applications.

Find out more about CB8022

Business failures in the global financial sector, and the subsequent repercussions for a range of different groups, not just shareholders, have put the spotlight on the role of business and the behaviour of managers. Is business just responsible for maximising profit for its owners, or does it have responsibilities to other groups? This raises a number of difficult questions; which groups? responsible for what? And if so, how to discharge these responsibilities?

Find out more about CB900

Compulsory modules currently include

This module will allow students to apply the knowledge and skills gained throughout the course in order to produce an extended independent piece of work. Every student will be allocated a personal supervisor who will guide them through the process. As part of their project, students will generate an interesting and relevant research question in finance, analyse the related financial literature, and conduct their own independent research into their topic. More specifically, students will research topics in the fields of finance (MSc Finance); finance, investment and risk (MSc Finance, Investment and Risk); finance and financial management (MSc Finance and Management); banking and finance (MSc Banking and Finance); financial technology (MSc Financial Technology).

Find out more about CB9034

Teaching and assessment

Teaching

We use a variety of teaching methods, including:

  • lectures
  • small group seminars
  • group projects
  • presentations
  • expert speakers
  • company visits
  • computer-based workshops

Classroom-based learning is supported by the latest online technologies and learning platforms.

Assessment

Your progress on this course is assessed by a mixture of coursework assignments throughout the year and examinations in May and June.

Coursework takes a variety of forms and includes:

  • reports
  • essays
  • presentations
  • short podcasts

Students wishing to undertake the optional industrial placement will be required to successfully complete all stage 1 modules. The Industrial Placement is assessed by the completion of the Industrial Placement Report.

Fees

The 2021/22 annual tuition fees for this programme are:

  • Home full-time £11100
  • EU full-time £15400
  • International full-time £20500

For details of when and how to pay fees and charges, please see our Student Finance Guide.

For students continuing on this programme fees will increase year on year by no more than RPI + 3% in each academic year of study except where regulated.* If you are uncertain about your fee status please contact information@kent.ac.uk.

Your fee status

The University will assess your fee status as part of the application process. If you are uncertain about your fee status you may wish to seek advice from UKCISA before applying.

Additional costs

General additional costs

Find out more about general additional costs that you may pay when studying at Kent. 

Funding

Search our scholarships finder for possible funding opportunities. You may find it helpful to look at both:

We have a range of subject-specific awards and scholarships for academic, sporting and musical achievement.

Search scholarships

The Complete University Guide

In The Complete University Guide 2021, the University of Kent was ranked in the top 10 for research intensity. This is a measure of the proportion of staff involved in high-quality research in the university.

Please see the University League Tables 2021 for more information.

Complete University Guide Research Intensity

Independent rankings

In the Research Excellence Framework (REF) 2014, we were placed 25th (out of 101 institutions) in the UK for research intensity in business and management studies and 98% of our research was judged to be of international quality. The School’s environment was judged to be conducive to supporting the development of research of international excellence.

The School was also ranked 24th for its breadth and depth of research across the whole community of research active staff by the Association of Business Schools.

Research areas

Kent Business School is a research-led business school. Our research strategy is developed around the core theme of sustainable innovation which cuts across the entire School. This theme can be seen as being divided into two sub-strands of research aimed at answering these main questions:

  • How can innovation that enables sustainable long-term economic growth be created and supported?
  • How can sustainable business practices improve environmental and social conditions?

Kent Business School advances knowledge through constant promotion and support of innovative research. We have an impact on wider society through extensive collaborations with external partners which range from other academic institutions to a variety of local, national and international businesses as well as the NHS. Within this wider context, our main strategic aim has been geared towards establishing ourselves as a leading institution for research in sustainable innovation.

Kent Business School is a global leader in research and develops a wide portfolio of research related activities including workshops, conferences and research seminar series. This has led to a large number of international collaborations and to over 200 co-authored papers with international partners.

Research groups

Accounting

Specialising in public-sector critical accounting and accounting history.

Finance

Looking into a wide array of financial issues from derivatives pricing to real-estate modelling.

Management Science

Innovating in wide-ranging topics such as operational research and systems thinking.

Marketing

Studying issues surrounding consumer behaviours, product development and maintaining value supply chains among others.

People, Management and Organisation

Specialising in improving human resource management, organisational behaviour and leadership.

Strategy and International Business

Helping in the development of innovative business strategies for business all over the world.

Research centres

Centre for Logistics and Heuristic Optimisation

Helping companies to solve complex strategic, tactical and operational problems.

Centre of Productivity and Workplace Performance

Contribute to the productivity debate and drive improvements at all levels; from the national economic output, to changes in the ways SME’s operate.

Centre for Quantitative Finance

Providing quantitative analysis of issues in the financial markets for businesses and policy makers.

TIME

Helping both academics and practitioners tackle the challenges emerging from the rapid development of new digital technologies

Dynamic publishing culture

Staff publish regularly and widely in journals, conference proceedings and books. Among others, they have recently contributed to: Critical Perspectives on Accounting; Quantitative Finance; Human Resource Management Journal; Journal of Product Innovation Management; European Journal of Operational Research; and Psychology & Marketing.

Careers

Of Kent postgraduate students who responded to the most recent national survey of graduate destinations, over 97% were in work or further study within six months. (DLHE 2017)

Successful KBS graduates: graduate destinations

This specialist programme prepares students for roles within finance and banking.

Our Banking and Finance graduates find work in public and private sectors, both overseas and in the UK, in a wide range of companies and organisations, including:

  • Dolfin Group Wealth Management
  • NatWest
  • Huawei
  • US Bank
  • Caterpillar
  • Eurex

Many of our students also stay local and find job opportunities regionally in small and medium firms or even set-up their own businesses as well-equipped entrepreneurs.

Embedded employability: developing career-enhancing skills

You gain much more than an academic qualification when you graduate from Kent Business School – we enhance your student experience and accelerate your career prospects.

In today’s business climate employers are increasingly demanding more from new employees, we are therefore proud that they continually target our graduates for their organisations across the globe. Employers respect our robust teaching and reputation for delivering international business expertise, leading global research and an outstanding international learning experience.

From the moment you start with us, our efforts are focused on helping you gain the knowledge, skills and experience you need to thrive in an increasingly competitive workplace.      

Ongoing support: help finding a job

Kent Business School has an excellent international reputation and good links with businesses locally and globally. Our qualified careers practitioners provide support to all business postgraduate students for up to three years after graduation.

In addition, Careers and Employability Service at the University provide a comprehensive package of skills development training programmes, careers advice, volunteering and paid work opportunities to enhance your career prospects.

Study support

A friendly and supportive environment

Kent Business School has a lively and active postgraduate community, bought about in part by our strong research culture and by the close interaction between our staff and students. Staff publish regularly and widely in journals, conference proceedings and books and embed their research in their teaching.

Taught students have regular contact with their course and module conveners with staff on hand to answer any questions and to provide helpful and constructive feedback on submitted work.

The Business School has an active and inclusive extra-curricular academic and social scene with guest lectures, talks and workshops organised by our academic staff, research centres and the ASPIRE team. You can catch up with our most recent Open for Business Seminar Series.

State-of-the-art facilities

The award-winning Sibson Building is Kent Business School's home on our Canterbury campus. This vibrant, state-of-the-art structure includes lecture theatres, seminar rooms, dedicated MBA, PhD and IT suites as well as social and breakout areas to fully enhance your learning experience.

Kent’s libraries offer over a million books, periodicals and journals, and we have subject-specific librarians to help you secure access to the information you need.

Worldwide partnerships

Kent Business School has close links with: ifs (Institute of Financial Services); dunnhumby, who partners the Consumer Insight Service in the Centre for Value Chain Research; Hong Kong Baptist University, with whom we offer a joint Master’s programme in Operational Research and Finance Business Statistics; University of Castellanza (Italy); Audencia Nantes Business School (France); Aarhus School of Business and Social Sciences (Denmark); Universiti Teknologi Malaysia; University of Ingolstadt, Bayern (Germany); City University of Hong Kong; Renmin University of China, School of Business.

Global Skills Award

All students registered for a taught Master's programme are eligible to apply for a place on our Global Skills Award Programme. The programme is designed to broaden your understanding of global issues and current affairs as well as to develop personal skills which will enhance your employability.  

Apply now

Learn more about the applications process or begin your application by clicking on a link below.

Once started, you can save and return to your application at any time.

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United Kingdom/EU enquiries

MSc at Canterbury

Admissions enquiries

T: +44 (0)1227 768896

E: information@kent.ac.uk

Subject enquiries

Telephone: +44 (0)1227 827726

Fax: +44 (0)1227 761187

Email: kbsadmissions@kent.ac.uk

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E: internationalstudent@kent.ac.uk

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