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International Banking and Finance

MSc/PgDip/PgCert

School - Salford Business School

Subject area - International Finance, Accounting and Economics

Start Date(s): September; January; March; June; November; July

Duration:

MSc (one year full-time or two years part-time)
PgDip (eight months full-time or two years part-time)
PgCert (four months full-time, one year part-time)

Fees 2018-19:

2019-20 fees will be displayed shortly.

Part-time - £1,425 per 30 credit module

UK - £8,550

International - £14,400

In Brief:

  • Equip yourself for a career in the rapidly expanding banking and finance industry
  • Take a Industry Collaboration Project to enhance your practical skills and experience
  • Apply what you’ve learned through a one to three-month Assessed Internship with an employer
  • Part-time study option
  • Work/industrial placement opportunity
  • International students can apply

Course Summary

This programme provides you with the knowledge, skills and independent thinking abilities which are essential for developing a career in the financial services sectors, within banking and financial institutions, or in the field of corporate finance.

By using real world examples, case studies and problem solving, you will develop a comprehensive understanding and knowledge of the concepts and framework in banking, global financial markets and the finance and investment industry. 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.

You will also develop knowledge through practice with a series of professional development workshops that will enhance your employability.

This programme will prepare you to sit the CFA exams.

The course also offers a distance learning option through our official partner Robert Kennedy College, Zurich, Switzerland.

I chose the University of Salford because my course is popular, time for study is flexible, the tuition fee is reasonable and I love Manchester.

The thing I like most about the Uni, there are lots of activities, they are helpful and friendly.  In Manchester, there are lots of international students, lots of places to hang out with friends.  I have been to other cities but I found Manchester had something very special, I like Manchester very much.

Song Nguyen, MSc International Banking and Finance, 2013
https://youtu.be/nkSnGaU9gZI

Awards and Accreditation

Course Details

The programme is block delivered and there are several entry points throughout the year. Students will take the modules below in a sequence dependent on their start date.

The course is delivered in four blocks of intensive study periods. For each block, you study a single module for a 6-week period. Face-to-face teaching is delivered on campus for 6 hours each week. In addition, you will attend the taught element of the Industry Collaboration Project each Wednesday afternoon during the 6-week blocks.  During this period, you will also undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.

Part time students study alternate modules (one module on, one module off) to complete their degree in two years.

For the final third of your studies, you will work on your Industry Collaboration Project, working with your own or another organisation on a live brief.

Semester 1    

In this module, you will critically assess modern corporate governance in light of the recent financial crisis and review the ethical issues in running modern firms. You will also critically assess modern capital structure theory, the risks and opportunities involved in mergers and acquisitions and        the limitations and applications of statistical methods in finance.
Through this module you will critically evaluate the limitations and alternative forms of quantifiable risk and devise strategies to mitigate risk in using financial engineering instruments.

SEMESTER 2    

This module involves the evaluation of the theoretical basis of modern equity valuation and the concepts behind financial reporting. You will examine the impact of market and accounting based factors on the performance of firm equity value and devise strategies to minimise the risks associated with        equity valuation.
This module equips you with the tools of analysis to understand the basic mechanics of banks’ financial instruments and their roles in promoting efficiency in the financial markets. You will apply critical frameworks to evaluate the globalisation of financial markets and the continuing liberalisation        of economies around the world.

SEMESTER 3

Industry Collaboration Project (ICP)

This module accounts for the final 60 credits of your degree and gives you the opportunity to examine an issue that is important to an organisation. The Industry Collaboration Project offers four different options: a Work Placement, a three month Internship, the applied Dissertation and, from September 2019, the Entrepreneurship path. You will be allocated a supervisor to mentor you through your chosen project and receive support wherever necessary from the Salford Business School Employability Team. For all options students are encouraged to address a real organisational issue, and to disseminate their work to a wider audience, meaning that you can create real impact through your Industry Collaboration Project.

The Work Placement gives you the chance to undertake a six month project with an organisation located regionally, nationally or internationally. By exploring a key issue impacting an organisation, you will apply the theoretical knowledge gained through your studies and develop and use appropriate problem-solving skills in a real-world environment. Your work placement will be assessed primarily through the production of a project proposal and an 8,500 – 10,000 word portfolio.
The Internship option of the Industry Collaboration Project aims to equip you with the relevant practical skills to critically identify and evaluate key issues impacting organisations and their environments either in the UK or overseas. Over a three month period, you will work alongside an organisation to identify and explore a real organisational issue. Through your project, you will apply your theoretical knowledge in the development of solutions to the identified issue, produce a project proposal and finally an 8,500 – 10,000 word portfolio.
An advanced-level research pathway based on a real-world business problem. You will create an initial research proposal then produce a 12,000 – 15,000 word dissertation for assessment.The Dissertation path gives you the opportunity to apply the theoretical and practical knowledge gained from the taught elements of the programme to a current organisational issue and deploy and effectively use appropriate problem-solving skills through critical self-reflection and methodical, systematic research.
Please note, this option is available from September 2019
Through this option, along with applying your theoretical knowledge from the taught elements of the programme, you will develop the transferable skills and qualities required for entrepreneurial behaviour and work on your own innovative business idea. You will reflect on business opportunities, challenges and strategies with the aim of establishing a new businesses, or incorporating entrepreneurial thinking into the management of an existing organisation. The three month Entrepreneurship path will be assessed through the development of an Initial Business Proposal and an 8,500 word Comprehensive Business Proposal accompanied by a 30 minute presentation.

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

Accreditation of Prior Learning (APL)

We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.

Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).

English Language Requirements

International applicants will be required to show a proficiency in English. An IELTS score of 6.5 (no element below 5.5) is proof of this.

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 more information search for English on Course Finder.

Suitable For

This course 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.

Fees 2019-20

Fees for entry in 2019 will be displayed shortly.

Fees 2018-19

Type of StudyFee
Full-time£8,550
Part-time£1,425 per 30 credit module
Full-time International£14,400

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

For more information please see our funding section. Please note, students on the distance learning option through our partner, Robert Kennedy College, are not eligible for a student loan.

Teaching

Face to face teaching is delivered on campus for two half days each week. In addition, you will attend the taught element of the Industry Collaboration Project each Wednesday afternoon during the 6 week blocks, with independent study completed in your own time through the University’s virtual learning environment, Blackboard.  Individual student timetables will be provided during induction week.

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

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

Professor Ghulam Sorwar
Professor in Finance

Professor Sorwar started his working life at the Derivatives Desk of Abbey Life Investment Services. He then decided to leave industry to complete a PhD. His main area of research focuses on Derivatives Pricing, Risk Management and the Financial Crisis. He has taught across a wide range of modules including Mathematical Finance and Corporate Finance amongst others. Currently he is both the Module Leader and teaches Risk, Regulation and Compliance and Bank Management.

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:

  • Standard Chartered Bank
  • Sofology
  • Barclays Wealth and Investment Management
  • Innovate UK

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

The University of Salford grew out of the institutes of the late 19th century that provided a talented, technically proficient and professional workforce to support the UK’s rapidly growing industries. In the 21st century, this still holds strong. Whilst industry has changed significantly, the need for industry-focussed education is equally relevant today.

We teach the skills that employers need and as a result, our graduates enjoy excellent international career prospects.

The curriculum across our postgraduate courses balances academic teaching and professional experience.  Our industry partners give us their input into the curriculum so that the teaching reflects industry’s current and future needs and you develop the skills that employers want.  The Industry Collaboration Project, which forms the final third of your study, is designed to give you real-world experience so you can apply the theory you have learned.

The series of guest lectures and industry visits allows you the chance to mix with professionals from industry, make connections, set up placements and conduct research.

Further Study

Find out more information about research opportunities here.

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.

All University of Salford students also have access to the MediaCityUK campus including its study facilities.  MediaCityUK is home to major BBC and ITV departments and over 80 businesses across the creative and digital sectors.  It is recognised as one of the most innovative developments in Britain and is a vibrant place in which to live, work, socialise and study.

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