Surrey Business School’s academic expertise in banking and finance is at the heart of this programme, which provides an essential education in the subject.
At Surrey Business School, we offer a diverse range of business and management programmes that are fuelled by a common approach: encouraging you to be entrepreneurial and innovative, providing opportunities for you to engage with real-world business problems throughout your programme.
Our MSc in Banking and Finance will provide you with an in-depth, up-to-date understanding of the subject. You will gain an appreciation of the rapidly changing financial market conditions around the world, the source of the recent financial crisis and the rationale for the ‘bailouts’ of several banks worldwide.
The programme offers a rigorous treatment of the theory of banking and finance and how this relates to the role of banking institutions in national and international economies. You will also be equipped with skills in the econometric techniques needed to understand the world of banking and finance, as well as undertaking independent empirical research in the subject.
The optional modules available offer a wider perspective on the subject matter and allow you to tailor the programme according to your own particular interests or career aspirations.
The programme involves six compulsory modules, two elective modules and a dissertation.
- Research Methods
- Money and Banking
- Foundations of Finance
- Quantitative Methods
- Corporate Finance
- Investment Analysis
- International Corporate Governance
- Derivative Securities
- International Finance
- Risk Management
Example module content
Money and Banking:
This module introduces money and banks (microfoundations) and the implications for allocative efficiency and regulation, whilst looking at the complex roles of asymmetric information, signalling, adverse selection, risk aversion, agency and moral hazard in banking activities.
Foundations of Finance:
The Foundations of Finance module provides the theoretical underpinnings of all of our MSc Finance and Accounting programmes. It introduces the pivotal concepts which form the basis of theoretical finance under three broad headings; Portfolio Theory and Practice, Equilibrium in Capital Markets and Introductory Analysis of Asset Classes. Core concepts include the relationship between risk and return, the Capital Asset Pricing Model (CAPM) and the Efficient Market Hypothesis (EMH) but the module also extends this analysis into new theoretical areas such as Behavioral Finance.
Finance is regarded as applied economics. A good grasp of quantitative methods in economics is essential for finance and accounting-related studies. This module is an introduction to the techniques of econometrics and the use of an econometric package.
Introducing the process of research project formulation and the key elements of research design, this module should prepare you to execute your research study for your dissertation in a systematic and scientific manner.
This module provides a substantial course in corporate finance following the Foundations of Finance module. This exposure will help you understand some of the more difficult materials in corporate finance and also present corporate finance as the working of a number of integrated and powerful institutions.
This module studies the various stages of the investment analysis and management process, from the award of an investment sponsor’s mandate, through investment manager selection, to the portfolio and performance outcome of that selection. Consideration is made at each stage of who makes the decisions and what those decisions are based upon. This includes asset allocation and comprises equity investment, active versus passive investment, drivers of value, security selection, investment style and investment performance.
International Corporate Governance:
This module builds on financial economics theories to encompass the latest developments in corporate governance worldwide. The theoretical study is supported by empirical evidence in which corporate governance develops by examining the legal structure and capital market for various countries at macro level, and the firm’s structure which influences the effectiveness of corporate governance at macro level. It takes an international approach by contextualising its development and providing a stimulating range of academic and practitioner research, and topical case studies.
This module is targeted at students interested in understanding the purpose and use of derivative securities, specifically forwards, futures, swaps and options. Applications in hedging and speculating in corporate and funds management are used to reinforce a rigorous development of arbitrage theory that underpins the pricing behaviour of derivative securities.
Risk management focuses on the types of risk that arise for a business including market risk, credit risk and interest risk. This module considers financial risk management strategies, how risk is evaluated, the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of operational risk and key risk management issues for financial institutions, including regulatory issues such as Basel II.
This module provides you with an understanding of worldwide financial markets and the main types of securities traded in these markets, as well as how to use these securities to hedge risks in world financial markets.
The dissertation is the final element of the programme and it provides an opportunity for a sustained period of research. It allows you to concentrate on topics that are of particular interest to you and it draws upon a range of different aspects of the taught programme, particularly the Research Methods module. It also gives you an opportunity to work on your own with individual supervision.
The module allows you to:
- Undertake an original piece of research adding to existing knowledge
- Demonstrate an ability to select, define and focus upon an issue at an appropriate level
- Develop and apply relevant and sound methodologies
- Analyse the issue and develop recommendations and logical conclusions
- Be aware of the limitations of research work
You will also be expected to demonstrate an awareness of any ethical dilemmas that arise in your research.
Surrey Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) (http://www.aacsb.edu/
) and by the Association of MBAs (AMBA) (http://www.mbaworld.com/
Our Admissions Policy (http://www.surrey.ac.uk/apply/policies/postgraduate-admissions-policy
) provides the basis for admissions practice across the University and gives a framework for how we encourage, consider applications and admit students.
Further information for applicants - http://www.surrey.ac.uk/apply/postgraduate
Applicants should normally hold a Bachelors degree (UK 2.1 or above) or equivalent qualification from a recognised British or overseas university in a related subject (including accountancy, business administration, economics, engineering, finance, management, mathematics, physics or science).If an applicant’s Bachelors degree is not in a subject related to the MSc, some relevant work experience would be an advantage. Higher level professional qualifications may also be accepted. Each applicant is assessed on their own merit.