Accounting and Finance and Economics

Banking and Finance - MSc

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 programme, 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.

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 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 a leading Business School, accredited by The Association to Advance Collegiate Schools of Business (AACSB), which places us within the top institutions globally for business degrees, with only 5% of the world’s Business Schools attaining this accreditation.

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 of 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

It is also 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.

This course is 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.

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.

All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may also be taken into account when considering applications. 

International students

Please see our International Student website for entry requirements by country and other relevant information. Due to visa restrictions, students who require a student visa to study cannot study part-time unless undertaking a distance or blended-learning programme with no on-campus provision.

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 programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.

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.

The course will cover the following indicative topics:

• Taxonomy of Risks

• Essential Financial Products

• Introduction to Regulation

• Modelling Portfolio Risk

• Market Risk and VAR

• Credit Risk

• Risk-Adjusted Performance Measures

Find out more about CB8011

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. Theoretical models will be used to evaluate the rapidly evolving policy of retail, international and investment banking and to understand issues and problems related to banking operations and strategy in the context of contemporary challenges in the financial sectors like business ethics and sustainability of financial services.

Find out more about CB8012

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. Theoretical models will be used to evaluate the rapidly evolving policy of retail, international and investment banking and to understand issues and problems related to banking operations and strategy in the context of contemporary challenges in the financial sectors like business ethics and sustainability of financial services.

Find out more about CB8013

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.

The module will cover topics including the Financial Crisis, banking supervision and regulation, the Basle Accord, banking failures, rating agencies and Financial Crisis, the role of international financial institutions.

Find out more about CB8015

Global derivative markets have exhibited spectacular growth in terms of volume of trading and use by both financial and non-financial institutions. Some of the world’s large institutions-Orange County, Baring, Metallgesellschaft, Negara, AIG, and Lehman Brothers have lost billions of dollars in the financial markets. Whilst national and international authorities have agonised over the regulation of derivative markets, it generated tremendous interest on the nature, operation, working mechanism and true significance of derivative products and markets in the financial system and the economy.

Main topics:

• Forwards: No arbitrage principle

• Futures: Marking-to-market, margins call and liquidity

• Swaps: Interest rate risk and measures for risk management

• Options: Arbitrage versus speculation, options trading strategies

• Credit Default Swaps: Selling protection or printing money

• Path Dependent Products

• Exotic Options

• Real-Estate and Subprime Loans: The bubbles that always burst

• Securitization Process and Asset-Backed Securities: Derivatives as weapons from mass destruction?

The module focuses on the principles and characteristics of the main derivative markets, products and instruments, such as Futures, Forward, Options, Swaps, Credit Default Products and Structured Products. It examines the role, significance and working mechanism of various derivatives products, their valuation method and the models underpinning the pricing and hedging of derivative instruments. The module will draw from the rapidly expanding body of academic and professional literature relating to derivatives and their applications in Financial Markets.

Find out more about CB8016

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

- Choosing a company for analysis/ the finance topic of interest

- Identifying suitable finance issues relevant to the chosen company

- Searching and reviewing the literature and Bloomberg

- Choosing suitable methods and approaches for analysing the chosen company

- Preparing the business report/dissertation proposal

- Structuring the business report/dissertation

Find out more about CB9078

Optional modules may include

This module assumes basic knowledge and understanding of risk-return relationship, portfolio theory, and CAPM. It considers the investment and portfolio management decision in more detail by first examining the asset allocation decision and investments in a global context. It then attempts to evaluate different types of securities (bonds and stocks) in which investments can be made using a three-step top-down approach consisting of macro- and micro-market analysis, industry analysis and finally, company analysis. It then critically examines different equity portfolio management and performance evaluation strategies.

Find out more about CB8030

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

This module provides a general introduction to the use of Microsoft Excel in financial applications.

Subjects are:

Excel Essentials

Basic Financial Calculations with Excel (PV and FV, with applications to stock valuation; building loan tables)

Essential Probability and Statistics with Excel

Bond & Stock Analysis (bond pricing, duration and convexity, the yield curve, stock valuation using the DDM)

Portfolio Optimization (building efficient frontiers; constrained optimization)

Derivatives Modelling in Excel

Advanced Modelling: VBA for Financial Applications

Find out more about CB9060

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 analyses the key financial decisions made by multinational companies (MNCs) and provides international perspectives to financial problems facing multinational corporations. It examines topical areas, such as international financial environment; international money and capital markets; analysis of foreign exchange risk exposure. It also covers the international monetary system, and the coordination of international economic policy.

Topics that may be covered are:

• Multinational Financial Management

• International Financial Markets

• Exchange Rate Determination

• Government Influence to Exchange Rates

• International Arbitrage and Interest Rate Parity

• Relationships among Inflation, Interest Rates, and Exchange Rates

• Forecasting Exchange Rates

• Measuring Exposure to Exchange Rate Fluctuations

Find out more about CB8019

Compulsory modules currently include

By applying appropriate research methods, students employ 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.

Find out more about CB9079

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:

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

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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Fax: +44 (0)1227 761187

Email: kbsadmissions@kent.ac.uk

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