International Banking and Finance
MSc

Part-time study available
Alternative start dates available
Based at MediaCityUK
Work placement opportunity
International Students can apply

3 good reasons to study International Banking and Finance at Salford:

  • A programme that equips you with the necessary theory and skills to work successfully in the rapidly expanding banking and finance industry
  • Excellent career potential and the opportunity to take a Business Innovation Project, enhancing your practical skills and experience
  • Choose to take a one to three-month Assessed Internship with an employer, supported by Salford Business School

Key Information

Start Dates: September; January; March; June; November; July
Duration:

MSc (one year full-time or two years part-time)


Course Summary

This programme has been designed specifically to enhance knowledge of the banking and finance industry and improve your employability prospects.

You will learn about key challenges in the current global economic environment, consider issues from around the world, and analyse and evaluate problems to identify the best solutions to improve international banking and finance strategies and practice.

Banking continues to experience a number of problems requiring the development of new opportunities and you will find this course is relevant, innovative and challenging. 

Watch our video

Song Nguyen talks about Msc International Banking and Finance at Salford.

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Course Details

SEMESTER 1

You will examine exchange, inflation, interest rates and other factors which impact on the performance of firms and assess the significance of decision-making in a global context. You will also evaluate the principles and practices that guide the financial management of multinational enterprise. This module also places an emphasis on the differences between multinational and domestic financial management.
You will develop a comprehensive understanding of the principles of financial management within organisations including the interpretation of accounts, corporate governance, investment strategies and issues of risk and return.

Semester 2

You will examine technical perspectives of banking knowledge and fundamental management techniques linked to good communications, leadership and control. You will also review ethical corporate responsibility in a cross-cultural framework, developing your technical ability to assess existing structures and products which maintain a stable international banking system.
You will learn how to employ critical thinking and review to domestic and international regulatory frameworks for financial and non-financial companies. You will also develop an understanding of the economics of regulation and the problems of compliance.

SEMESTER 3

Business Innovation Project (BIP)

Flexible final study options

Salford Business School has one of the most flexible suites of post-graduate taught programmes in the UK.

For the final third of your studies you can choose from 4 differing pathways, all of which are designed to accommodate your career aspirations and enhance your professional practice:

  • Dissertation – traditional 3 month research pathway.
  • Live Project – 3 month group project activity researching a commercial project.
  • Internship – 3 month opportunity to develop your skills working in partnership with an organisation.
  • Placement – 6 month paid work experience implementing a commercial project.
This traditional route involves a substantive piece of research, which can examine contemporary or historical challenges in business, economic or management contexts.

The dissertation can be undertaken within a company, a sponsoring organisation, or investigate an area which is of interest to you.  Study is undertaken in the UK, or sometimes overseas – some international students may possibly return to their country to work on an industrial research project.

  • 3 month research project culminating in a 12-15,000 word dissertation
  • Topics can be undertaken in a number of areas:
    • personal interest in a topic area which supports your career aspirations.
    • an academic’s research area which explores challenging developments in the supervisor’s  area of expertise.
    • in partnership with a company or sponsoring company.
    • an entrepreneurial opportunity, particularly suitable if you wish to research your own  business opportunity.
This is a group project (teams of 2 to 5 students) examining an organisational problem or opportunity. Students work on sizeable commercial projects, which are broken down by the team.  Live projects reflect commercial realities of delivering complex commercial projects through the combined efforts of a committed team.
  • 3 month commercial research project.
  • Group presentation and executive report, coupled with an individual 8-10,000 word report.
  • This involves working on a company project. The majority of internships are voluntary positions, which support work experience with a company in a particular sector. A number of projects exist for suitable students, in many cases students are supported in finding and securing internships with the support of the School’s Employability Hub.
    • 1 to 3 month commercial project, undertaken full or part-time with the host company.
    • Internships are often voluntary positions providing interesting project experience, some positions are paid – potentially up to 86 UNITE Projects are available in 2013-14.
    • 30-40 minute commercial presentation and 10,000 word professional dissertation.
    Placements are paid positions working on implementing a commercial project. Placements provide valuable experience for student to demonstrate their commercial capabilities. Placements are limited and are competitive.
    • 4 to 6 month work based project undertaken at the organisations premises.
    • Assessment consist portfolio of work, visitor assessment, presentation and interim report, culminating in a work related dissertation of 10,000 words.
    • Placements can be undertaken in the UK or overseas.
    • Students can undertake placements with their sponsor or employing organisation.
    • For international students placements are 6 months maximum due to visa restrictions.
    • For home/EU students, placements can possibly be extended to 12 months.
    • The salary range for placements range from £14,320 to £25,000 – the average is £19,555.

    Part-time study

     

    If you are on the part-time course, you will be able to register for individual modules as part of CPD. The following example shows how the course could be taken on a part-time basis over two years:  

    Year 1 - Semester 1
    Accounting and Finance

    Semester 2
    Risk, Regulation and Compliance

    Semester 3
    International Financial Management  

    Year 2 – Semester 1
    Bank Management

    Semesters 2 and 3
    Business Innovation Project

    Entry Requirements

    Normally a minimum 2:2 honours degree or equivalent or successful completion of the Graduate Certificate International Management.

    A wide range of professional qualifications are also accepted either in partial or complete fulfilment of entry requirements.

    Where a student has gained a recognised Honours degree but does not meet the normal entry qualification requirement, they may still be considered for entry if they can demonstrate relevant work experience of a minimum two years duration post study and acceptable level of responsibility.

    English Language Requirements

    Normally IELTS 6.5 with no individual element below 5.5, or equivalent recognised Secure English Language Test, (SELT).

    If the English language qualification is slightly below this level candidates may be able to take one of the many English courses available in the University. For further information please search for English on Course Finder.

    Suitable For

    This programme is suitable for graduates who have studied economics, finance, accounting, business studies, management or any other relevant disciplines. The course is also ideal if you are already working in the banking and financial services sector and want to enhance your career prospects.

    Applicant profile

    You will most likely have a background in finance or economics and possess good analytical skills. You should also be able to analyse, review and interpret complex international financial issues. Ideally you will be looking for, or developing your career in banking or financial services. This course offers excellent scope for aspiring and existing managers who want to improve their career development opportunities and employability.

    Teaching

    Teaching is delivered through a combination of lectures, seminars and tutorials using a wide range of learning activities.

    Various approaches are offered to meet the needs of both full and part-time students. Course delivery is designed to be flexible and includes choices of evening and weekend attendance where possible.

    Substantial use is made of distance learning through the University's Virtual Learning Environment, and a wide range of academic journals and texts are available in both paper and electronic formats. Tutorials allow you to reflect on lecture materials and benefit from discussion and group work.

    Assessment

    Over the duration of your course a range of assessment techniques will be used. Types of assessment include; essays, assignments, exams, multiple choice tests, online tests, group reports, and portfolio work. The weighting between exams and coursework varies between modules and years, but exams still play a major role.

    Postgraduate Staff Profile

    Dr Jia Liu, Programme Leader for MSc Corporate Finance

    “I am an Executive Committee member of The British Accounting and Finance Association (BAFA), and the Chair of the Executive Committee of the BAFA Northern Region.”

    Employability

    Recent graduates have joined the international banking and finance industries, corporate sector, and the academic community. You will gain a highly-regarded formal qualification, as well as personal and organisational management skills that will enhance your career prospects.

    Career Prospects

    A wide range of career directions are possible including finance director, investment banker, corporate relationship managers, private client relationship manager, regulatory compliance manager, equity analyst, structured instrument trader and project finance analyst.

    This course will provide you with flexible employment opportunities leading to potential roles with a variety of management-level national and international sectors.

    Recent Salford Business School graduates have gained employment with leading companies including:

    • Ernst & Young
    • Dixons Group plc
    • British Airways
    • Cooperative Insurance Services
    • BMW
    • American Express
    • BBC
    • Citibank
    • Ladbrokes
    • Numberica
    • Office of the Legal Services Ombudsman
    • KPMG
    • PricewaterhouseCoopers
    • Premier Travel Inn
    • BUPA
    • Thomson Holidays
    • BT
    • DTS Logistics
    • Greater Manchester Police
    • The NHS

    Alumni Profile

    “I really enjoyed my time at Salford on the degree. I found the course interesting and stimulating and believe it provided excellent preparation for my training as a chartered accountant. The course blended both the theoretical and practical elements of finance and accounting and enabled me to obtain maximum exemptions from the ICAEW. The business skills developed as part of the course, such as presentation skills, played a significant part in my successful application for a graduate placement at KPMG. Overall, I would wholeheartedly recommend the course to anyone considering a career in finance and/or accounting.”

    Stephen Gammon

    Links with Industry

    Our course team maintains excellent relations with local, national and international organisations, commentators and employers.

    Our teaching is industry-led, inspired by contemporary practice and developed in partnership with business leaders. Our academics are experts in their field and work closely with industry to ensure that our courses reflect the needs of business and provide our students with that extra edge when it comes to securing a job.

    Our part-time students are drawn from a wide range of public, private and third sector organisations, allowing you to enjoy highly valuable networking opportunities.

    Salford Business School also operates a guest lecture course which allows you the chance to mix with professionals from industry, make connections, set up placements and conduct research.

    Further Study

    Research in Salford Business School is coordinated by Professor Jim Yip, Pro-Vice Chancellor (Research & Innovation).

    You can find more information and contact details here: http://www.research.salford.ac.uk

    For those who wish to go further academically, a range of research PhD opportunities in all areas of finance are available, offering the opportunity to concentrate on any specialism requiring an in-depth understanding of international banking and finance.

    Fees and Funding

    Fees 2013-14

    Type of StudyFee
    Full-time£6,500
    Part-time£1,200 per 30 credits
    Full-time International£11,500
    Full-time PgDip£4,500

    Fees 2014-15

    Type of StudyFee
    Full-time£6,695
    Part-time£1,250 per 30 credits
    Full-time International£11,695

    Additional costs

    You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

    Scholarships and Bursaries

    We offer awards to help you study through our:

    • Vice-Chancellor's Excellence Scholarship
    • University of Salford student loyalty discount
    • Country bursary scheme for International students only

    There are also other sources of funding available to you.

    For more information please see our funding section

    Facilities

    Salford Business School is located at the heart of the University’s Peel campus in the newly refurbished Lady Hale Building, and the Chapman Building, offering state-of-the-art facilities for the Business School’s student learning community and just minutes from Manchester city centre. Chapman is a stylish modern space with six lecture theatres equipped with the very latest technology and large screen displays, a series of communal learning and breakout spaces, plus a Fairtrade café with panoramic views across the campus. Lady Hale is the home to all dedicated business school student support including the school office, an employability hub, a base for the Business School society, and several open study spaces. MediaCityUK is a vibrant place in which to live, work, socialise and study. Home to major BBC and ITV departments, the University of Salford and over 80 businesses across the creative and digital sectors, MediaCityUK is recognised as one of the most innovative developments in Britain.