• For Entry: January | September
  • Duration: 12 months
  • School: Business
  • Study Mode: Full Time

A master's course for business or non-business graduates seeking a career in banking or finance. You’ll understand the role of banks in the economy and the challenges facing international financial markets.

TEF Gold - Teaching Excellence Framework

This progressive MSc is designed to orientate your earlier qualification towards a career in banking and finance.

Developments in banking and finance are happening rapidly, and with growing complexity. People working in this area must be able to understand and analyse activity, and also be able to anticipate future developments.

This includes knowledge of financial systems and markets as well as the role played by both commercial and central banks within the economy. Designed for UK and international students alike, this master's degree at the University of Dundee examines different international banking systems and regulations which have become increasingly important in recent years.

The course is a fit for students from a variety of backgrounds, and does not require any previous training in finance. If you are interested in central investment and retail banking or the broader financial sector, this is an excellent postgraduate path whatever your previous degree.

You’ll be meeting leading practitioners through the university’s Distinguished Visitor and Enterprise Gym Lecture Series and hearing from them, first hand, about critical aspects of real-time banking and finance.

This conversion degree includes off-campus learning events embedded in a number of its modules and an 'urban experience' element demonstrating the fundamental importance of team-building within a business context.

We welcome students from the UK and elsewhere to our stimulating, supportive, friendly and well-organised campus. Dundee is among the fastest risers in the 2017 Guardian University Rankings and has also been rated the best in Scotland by some of the most influential higher education surveys.

Internships in China

Enhance your employability with graduate internship opportunities.

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Teaching Excellence Framework (TEF)

The University of Dundee has been given a Gold award – the highest possible rating – in the 2017 Teaching Excellence Framework (TEF).

Read more about the Teaching Excellence Framework

TEF Gold - Teaching Excellence Framework

This is a full-time 12 month course. There are two start dates – September and January.

The course begins with a two week foundation module to bring all students up to a common minimum standard in banking and business statistics. The foundation module also introduces you to the University’s learning resources (e.g. the library and study skills support) and encourages you to work in ‘teams’ exchanging your intellectual assets for mutual benefit.

Students then take modules to develop their understanding of international banking systems, the operation of financial markets and the regulation of banks. From this point, students have the opportunity to specialise further within the banking or finance fields as it aligns to their own interests and career plan.

How you will be taught

Modules are taught using lectures, workshops, group-work and student presentations. 

How you will be assessed

All modules are assessed through a combination of coursework and final assessment held at the end of each Semester with a re-sit opportunity shortly thereafter.  Coursework may account for as much as 40-50% of the overall degree.



What you'll study

Compulsory core modules

Designed to introduce students to the structure and functioning of the banking and financial services industry. In particular, the

module will examine the key and emergent issues in banking, including the role of central banks and regulation, and the risks that banks face. The module will also introduce students to different banking systems across the globe.

This module will develop your understanding of the behaviour of financial agents and the workings of global financial markets within the framework of modern finance theory. Topics include the time value of money and discounted cash flow analysis; theories of the yield curve and bond valuation; risk-return trade-off and mean-variance portfolio theory; Capital Asset Pricing Model and the Efficient Market Hypothesis; alternative approaches to stock valuation and financial ratio analysis; influence of corporate dividend policy and capital structure on stock pricing; functions of futures exchanges and the valuation of financial and commodity futures and the properties and valuation of option contracts.

The module is taught intensively in the first two weeks of the Programme. The module aims to provide each student with the basic knowledge and skills required for the main components of the programme. The module includes a selection of key concepts and tools in microeconomics, macroeconomics, finance and statistics: demand and supply; elasticities; costs, revenue and market structures; GDP, monetary and fiscal policy; basic mathematics for business; description of data – graphical, tabular and descriptive statistics; data collection and sampling; index numbers; distributions, correlation and hypothesis testing.

This module enables you to evaluate and manage the risks involved in international business in order to make sound financing and investment decisions. You will develop a knowledge and understanding of foreign exchange and eurocurrency markets; models of foreign exchange rate determination and financial products that manage currency risk; models of interest rate determination and financial products that manage interest rate risk; the practical uses of international capital markets for managing risk; the international economic and political environment in which multinational companies operate; the risks of foreign direct and foreign portfolio investment; practical perspectives of risk, and techniques for assessing the risk of capital and financial investments.

Focuses on the theoretical basis and empirical evidence for understanding the functioning of international financial markets and

institutions. The module covers issues relating to money and banking, such as money supply, money demand and the determination of interest rates and exchange rates. The module also provides students with knowledge of different financial instruments and the ability to analysis and combine these securities into an efficient investment portfolio

This element aims to develop your theoretical, empirical, analytical and presentational skills in areas of international business.

This element will give you the confidence to produce an international finance report. As advised by employers, it is short  and helps you write concisely and provide clear and focused analysis of a topic or issue in a way that will influence and guide managers and decision makers.

Banking and Financial Services Law

Module Convenor: Mr Stephen Dnes (s.m.dnes@dundee.ac.uk)

This is a second semester module.  The module aims to examine the regulation of financial services and markets in a global context, with particular reference to the financial crisis and its aftermath.

The syllabus will evolve in line with new developments. It is envisaged that the module may comprise the following elements: Introduction to banking and financial services regulation and the context in which the industry operates, including its recent history; Economic and policy issues relating to banking and financial services regulation; Main features of the regulation of financial services at the UK and EU level; Comparative analysis of approaches to regulation of financial services in other jurisdictions, such as transatlantic comparisons; Legal aspects of central banking; “Too Big to Fail,” ring fencing of investment and retail banking, and the “living wills” approach; Revisions to the Basel capital requirements and their national implementation; Legal aspects of quantitative easing; and the regulation of credit card interchange fees and merchant rules. Seminars will be geared to the development of a substantial paper to be submitted at the end of the semester; there is no exam.

choose one from:

The module provides you with an intuitive grasp of the theoretical concepts and basic skills required to estimate and interpret economic models. In particular, it will allow you to apply statistical techniques to problems in finance by (i) translating theoretical models into an empirically implementable form; (ii) analysing statistical data; and (iii) interpreting econometric results. The module also provides you with an overview of the empirical methods used by financial academics and professionals in the analysis of financial asset prices.


* Requires prior knowledge of econometrics.

Introduces students to statistics necessary for research in accounting or finance and provides an introduction to statistical thinking.  The module allows students to identify and carry out appropriate statistical tests and introduces them to the MINITAB statistical software.

and choose two from

Equips students with an understanding of the important themes in corporate governance such as the nature and importance of

Corporate Governance in both a UK and international context; recent changes in governance applying to major UK and international companies, and the need for ethical business behaviour.

Provides an introduction to business accounting for students who are specialising in some other business discipline, or in a discipline

for which some knowledge of business accounting is useful.   The overall emphasis will be on developing an understanding of accounting through the preparation and interpretation of financial information.

This module provides you with an extensive, detailed and critical knowledge and understanding of contemporary issues in the banking industry and financial markets. You will understand the role of banks as financial intermediaries; the role of banks in the international money; credit and bond markets; the impact of international factors on banks; the regulatory environment in which banks operate; the risks faced by banks and how to mitigate these risks, and the latest trends in innovation and technology in banking.

You will examine the fundamental concepts of international trade, finance and investment. It introduces the tools and techniques for asset pricing and capital budgeting, provides an overview of financial risk assessment and balance of payments and analyses the operation of the foreign exchange market and the determination of exchange rates. Topics you will cover include compounding, discounting and discounted cash flow analysis, the valuation of stocks and bonds in financial markets, the measurement of risk and the role of risk in asset pricing and financial decision-making, the balance of payments and the influence of macroeconomic factors on trade, the operation of currency markets and theories of exchange rate determination.

The module will broaden your knowledge and understanding of the quantitative theory of financial risk, and how that risk can be managed by financial derivatives; develop critical reasoning skills in the context of financial derivatives and financial risk management; equip you with the practical skills to apply most appropriate financial derivatives to managing and hedging the financial markets volatility. When you finish the module you will be able to explain (i) the sources of financial markets risk, (ii) the key characteristics of various derivative products; (iii) the use of these products as risk management tools and understand the implications of hedging via risk-neutral replication and construct hedge portfolios, and understand pricing and hedging principles of a range of derivatives.

You will be introduced to the main financial issues confronting developing countries. In particular you will examine current issues in emerging market finance as well as the suitability of mainstream finance theory for emerging financial markets. You will acquire the knowledge and understanding of how emerging stock markets have evolved; international portfolio diversification; the efficiency of emerging capital markets; predicting financial crises; stock market interdependence and stock market listing behaviour.

At Dundee our master’s courses prepare you for a successful career, wherever in the world you plan to work. Employers expect their postgraduate recruits to have advanced technical and communication skills, to be confident team-workers, independent researchers, good project-managers and at the leading edge of their specialism. Our degrees are designed to respond to these demands.

Graduates will have the financial knowledge and skills to be competitive candidates for roles in the banking and financial sector. Students can also make use of the University’s dedicated careers service enabling them to confidently present themselves to the world’s top employers.

"It was an excellent cultural experience spending time working in China. Business in China is run so differently compared to the Western world and that is what I took away from the internship the most. "

Caron Dhillon
MSc Banking & Finance graduate – 2017 Prize winner – Bank of Scotland best student of the year prize – 2017 InternChina programme participant

A good first degree (at least lower second class Honours degree or equivalent) in any subject which has enabled the applicant to develop analytical and quantitative skills.

 EU and International qualifications


English Language Requirement

IELTS Overall 6.0
Listening 5.5
Reading 5.5
Writing 5.5
Speaking 5.5

 Equivalent grades from other test providers

 

English Language Programmes

We offer Pre-Sessional and Foundation Programme(s) throughout the year. These are designed to prepare you for university study in the UK when you have not yet met the language requirements for direct entry onto a degree programme.

 Discover our English Language Programmes

The fees you pay will depend on your fee status. Your fee status is determined by us using the information you provide on your application.

 Find out more about fee status

Fee statusFees for students starting 2017/18
Scottish and EU students £5,950 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £5,950 per year of study
See our scholarships for UK/EU applicants
Overseas students (non-EU) £14,950 per year of study
See our scholarships for international applicants

You apply for this course via the UCAS Postgraduate (UKPASS) website which is free of charge. You can check the progress of your application online and you can also make multiple applications.

You'll need to upload relevant documents as part of your application. Please read the How to Apply page before you apply to find out about what you'll need.

  Degree Course Code
Apply NowBanking and Finance MScP052323

Course Contact

Fiona McMillan
Social Sciences
f.j.mcmillan@dundee.ac.uk
+44 (0)1382 385838

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