Financial Models, Markets and Instruments
Postgraduate
MSc/PgDip/PgCert
Financial Technology (FinTech)
Salford Business School
Attendance
Full-time
Part-time
Course
One year
Two year
Next enrolment
September 2021
In a nutshell
September 2021 entry is now closed for international applications; we still have a small number of places for UK applicants. The next available start date is September 2022; we welcome applications for this and future dates.
This Masters in Financial Technology programme addresses the knowledge gap created by the pace of technological transformation in financial services and markets; it has been designed to meet the latest employment needs in the FinTech industry. Experts working in the sector have helped shape the programme to ensure it is relevant and up-to-date. The degree is taught at our Salford campus close to Manchester city centre.
The course is multidisciplinary, using industry-specific business cases from our contacts in the FinTech sector to blend the relevant hard and soft knowledge and skills. We aim to future-proof your learning and employability across fields such as blockchain, digital banking, crowdfunding, the future of global payments as well as cryptocurrencies, digital entrepreneurship, big data, RegTech and token issues. You will also develop skills in programming with Python. While the programme focuses on the technical innovations in finance, you will also gain insight into how marketing, regulation, economic policy and financial governance contribute to your essential knowledge.
Greater Manchester is an ideal place for you to study Financial Technology; as the Northern FinTech Capital, the region has strengths across FinTech sub-sectors, including data analytics, cyber security etc. FinTech companies form an integral part of the supply chain to a number of financial services companies and many banks and financial services firms have FinTech departments based in Manchester, drawing on local expertise and supply chains. With constant investment in the FinTech future, these companies offer you access to wide range of live projects, networking and, ultimately, employment opportunities.
The programme is highly industry-focussed and culminates in the FinTech Project. You will work on a live project briefed by a FinTech company to address a real industry problem and provide researched solutions, helping you put your learning into practice.
Six good reasons to choose Salford Business School:
- Real-world learning from guest lectures and practical business cases offered by our industry advisors
- Study in Greater Manchester which is the Northern FinTech Capital
- Multiple start dates to fit with your life priorities
- Beautiful campus just minutes from Manchester city centre
- Our Incubator provides opportunities for you to undertake client-based projects with firms, working with our research experts to gain hands-on experience with the latest financial tools and application-development softwares
You will:
- Work on an industry-briefed project addressing gaps arising from the fast growth of technological transformation in financial services and markets
- Learn the latest market trends and needs around risk, insight, creation and how technology better serves FinTech companies
- Look at developments including blockchain, cryptocurrency, crowdfunding, regtech, insurtech, fintech lending and crime detection
- Gain the expertise to develop disruptive FinTech innovations
- Consider how digital innovation helps make financial services more inclusive, accessible, streamlined and better aligned with consumer values
- Learn a range of established Big Data and analytics techniques to critically analyse information and propose solutions
Placement
options available
International
students accepted
This is for you if...
1.
You are looking to understand how technology is reshaping the financial industry
2.
You want to learn cutting-edge technologies in the financial workplace
3.
You wish to explore and learn from the success and failure stories in FinTech
4.
You aspire to a career in FinTech companies, digital banking, entrepreneurial finance, crowdfunding, regtech, insurtech, international payments and cryptocurrencies
5.
You want to learn about the regulation, competition, trends and environment that are impacting the financial innovation space
6.
You want to explore technological innovation / transformation in finance for a business idea or for implementation within your organization
All about the course
The course is delivered over three semesters of 12 weeks. In each of semesters one and two, you will study one 30-credit module and two 15-credit modules with face-to-face teaching on campus for a total 8 hours each week. In addition, you will undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.
For the third semester, you will be working on your practical project. This is a live project related to financial innovation and technological transformation, as well as their impacts on Financial markets and services. It is briefed by an industry advisor and you will be supported by Business School academic staff. The project brief can be from your own or another organisation.
Part-time students study alternate modules (one module on, one module off) to complete their degree in two years.
Download the course brochure.
Semester 1
This module introduces you to the basic foundations of how modern capital markets function. The main objectives of the module are to:
- Provide insight into the basic mechanics of capital markets and the different types of submarkets.
- Give you an understanding of the different types of financial products that are available and how they are traded.
- Explore different models that can be used to understand the behavior of capital markets and how they can be tested empirically.
- Use modern econometric methods such as time series analysis and high frequency data to explore the behavior of financial market instruments in practice
This module is worth 30 credits.
Teaching:
- Interactive lectures and seminars
- Guest lectures to provide industry insight
- Small group learning sets will provide the basis for problem-based learning scenarios using case studies, class-based activities, research articles and web-based materials
- Guided personal study supported by additional reading list, lecture notes and relevant research articles
Assessments:
50% Assignment including group and individual elements
50% Exam
FinTech Fundamentals
Technological innovation is changing the way businesses operate and how they deliver products and services. Financial technology (FinTech) companies are transforming the financial services sector, providing new financial products and a seamless customer experience. In this module, you will gain a multi-dimensional perspective on what FinTech means and gain the expertise to develop disruptive FinTech innovations. You will:
- Look at how to identify and work with different products and services involved in the FinTech financial ecosystem
- Apply enabling technologies to potentially create new financial services and products
- Learn cutting-edge programming languages used in FinTech data analytics.
On successful completion of the module you will not only be able to work effectively in the development of innovative FinTech technologies, but also contribute finance and business insights and understand the big picture. This module is worth 15 credits.
Teaching:
You will be encouraged to share your individual experiences and bring your diversity of knowledge to the course.
- Interactive lectures and seminars
- Guest lectures to provide industry insight
- Small group learning sets will provide the basis for problem-based learning scenarios using case studies, class-based activities, research articles and web-based materials
- Guided personal study supported by additional reading list, lecture notes and relevant research articles
Assessments:
100% Case study
The Economic and Regulatory Environment of FinTech
This module will equip you with the ability to analyse the FinTech industry. The module focuses on the external factors affecting this industry, including the economic and regulatory environment, micro and macro risks and how to mitigate these. You will be given plenty of opportunities to extract policy and managerial implications relevant for FinTech firms. This module is worth 15 credits.
Teaching:
- Interactive lectures and seminars
- Small group learning sets will provide the basis for problem-based learning scenarios using case studies, class-based activities, research articles and web-based materials
- Guided personal study supported by additional reading list, lecture notes and relevant research articles
Assessments:
100% Written report based on policy/regulation survey
Semester 2
Innovation in Finance
The module will equip you with the skills of interpreting how disruptive FinTech innovations are developed, using appropriate tools and techniques. You will discuss the future of money, economy and financial marketplaces. You will look at both theoretical and practical understanding of how the financial services industry has been transformed through the adoption and use of digital innovation and information technologies. More specifically the module will look at blockchain, cryptocurrency, payment infrastructures, digital economy, FinTech ecosystem and crime detection, forensic analytics. This module is worth 30 credits.
Teaching:
- Interactive lectures and seminars
- Small group learning sets will provide the basis for problem-based learning scenarios using case studies, class-based activities, research articles and web-based materials
- Guided personal study supported by additional reading list, lecture notes and relevant research articles
Assessments:
100% Portfolio
FinTech Data Analytics
FinTech companies heavily depend on machine learning, artificial intelligence, predictive analytics and data science to simplify financial decision-making and optimise solutions. In this module, you will learn and apply a range of established Big Data and analytics techniques to critically analyse information and propose solutions to FinTech and other financial sector problems. You will gain a core set of skills and expertise in relevant programming languages and computational modelling skills such as Python and artificial intelligence and data mining to generate data-driven insights for new and existing financial services and products.
On successful completion of the module you will not only be able to collect and analyse data to underpin business decisions, but also be able to work effectively in the development of innovative FinTech data analytics technologies. This module is worth 15 credits.
Teaching:
You will be encouraged to share your individual experiences and bring your diversity of knowledge to the course.
- Lectures introduce ideas and stimulate group discussions
- Demonstration practical classes will be used to develop problem solving strategies
- Workshops will be used to develop and practise hands-on programming skills, using FinTech datasets of increasing complexity
- Group work presentations will be used to refine understanding through discussion and explanation, give and receive feedback on performance, challenge assumptions and develop stronger teamwork and communication skills
Assessments:
70% Individual written report summarising group coursework experience
30% Group presentation of coursework
FinTech Organisations
Through digital innovation, FinTech companies have the scope to make financial services more inclusive, accessible, streamlined and better aligned with consumer values. FinTech for good is the concept that finance can and should be used to generate environmental and social benefits for a more sustainable future. This module will allow you to explore the business and marketing models of FinTech and the ethics and corporate governance issues facing FinTech. You will consider the potential for FinTech organisations to engage and lead the sustainability agenda in the 21st century. This module is worth 15 credits.
Teaching:
- Interactive lectures and seminars
- Small group learning sets will provide the basis for problem-based learning scenarios using case studies, class-based activities, ethics vignettes, research articles and web-based materials
- Guided personal study supported by additional reading list, lecture notes and relevant research articles
Assessments:
100% Time constrained assignment based on pre-seen case study
Semester 3
Practical Project
You will work on an industry - focussed project addressing gaps arising from the fast growth of technological transformation in financial services and markets. Supported by advisors from the FinTech industry, you will work with industry to apply the learning you have obtained from the taught modules of the programme. This module is worth 60 credits.
Teaching:
- Interactive lectures and seminars
- Guest lectures to provide industry insight
- Small group learning sets will provide the basis for problem-based learning scenarios using case studies, class-based activities, research articles and web-based materials
- Guided personal study supported by additional reading list, lecture notes and relevant research articles
Assessments:
50% Assignment including group and individual elements
50% Exam
Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.
Why Choose Salford Business School?
Salford Business School aims to be the most industry-informed and relevant business school in the UK. We are integrated into the local business community as a hub for knowledge creation and exchange.
This means that our teaching is highly practical and your learning is informed by our industry partners. Every postgraduate course includes a work placement or work experience project in the UK or internationally so you can put your learning into practice before you graduate. We are proud that our industry collaborations and partnerships benefit students, businesses and the community.
With multiple start points for our degrees, you can choose when to start your studies so that they fit with your life priorities. We want you to succeed in your studies and in your profession so we provide the support you need to achieve your aims.
Our goal is to prepare you for a fulfilling life and professional career. Along the way, you’ll learn to be curious, adaptable and confident, ready to meet the digital, ethical and sustainability challenges of the 21st century.
Where will I learn?
Salford Business School is located at the heart of the University’s beautiful Peel Park campus and just minutes from Manchester city centre. Teaching facilities include Lady Hale and Chapman buildings, which offer stylish modern spaces with lecture theatres equipped with the very latest technology and large screen displays. Throughout campus, there is a choice of individual study areas, communal learning and breakout spaces, plus a selection of food outlets.
The University library isn’t just for reading books. The ‘library in the park’ is a fresh, modern learning space with PC suites, Mac computers, bookable working rooms and café. It's open 24/7 everyday of the year (except Christmas Day!) so you can study when it suits you. It'll be an important place for you; in 2020, 100% of students asked agreed that the library resources have supported their learning (University of Salford analysis of unpublished NSS 2020 data).
You will have access to a range of study skills sessions to help you get ready for postgraduate learning and be successful in your studies and in your work. These include academic writing, research and digital skills.
A dedicated Business School Employability team will help you with work placements and work skills. You can access our professional, on-campus employability services at any time – even after you graduate. We can help you to create the perfect CV and LinkedIn page, as well as practice interview techniques and offer career advice.
Interested in starting your own business? Launch@ Salford is the incubation centre for business start ups providing a reception area, hot desk office space, private meeting rooms – and a networking lounge where you can grab a coffee and make those business connections.
The library in the park
Having undergone a £6.2 million refurbishment, Clifford Whitworth Library is a truly modern learning space with PC suites, group study rooms, silent study areas, access to specialist publications and much more. Based at the centre of the Peel Park campus, the library is open 24/7, all year round. In addition to Clifford Whitworth Library, there are several study spaces on campus.
Our library staff will support you with the extra study skills you need to succeed at postgraduate level whether you are moving straight on from undergraduate study or returning to education after a break.
Programme Leader
Dr Anton Miglo
Dr Anton Miglo is a Lecturer in Finance and the program director for MSc Financial Technology (FinTech). He completed his PhD in 2005 researching financing strategies, capital structure theory and management. Prior to working in academia, Dr Miglo worked at several banks and financial organizations. His job functions included investments, trading stocks and organizing the issues of securities.
Since 2004 Dr Miglo has been working full time in academia mostly teaching finance courses. In 2011 a team of students led by Dr Miglo finished among the top teams, which included the leading universities around the world, in a very prestigious investment competition. Dr Miglo’s research interests are focused on fintech, crowdfunding, entrepreneurial finance, earnings manipulations, financial economics, corporate finance and capital structure management. In 2016 he published a book with Palgrave MacMillan/Springer about capital structure theory and management. Also he recently published an article about crowdfunding in Small Business Economics journal (3* on ABS and Level A on ABDC). Dr Miglo is married and has a son. He enjoys chess, tennis, reading and outdoor activities.
“Greater Manchester is naturally home to the largest regional FinTech ecosystem in the UK outside of London. Such sectors of FinTech as digital payments, fintech loans, debt-based, reward-based and real-estate-based crowdfunding, big data analytics, data security, insurtech and regtech are the fast-growing areas. This is a very good news for students stuyding FinTech and looking for a job in this area.”
Read Dr Miglo’s overview of FinTech development in Greater Manchester area
GETTING HERE
University of Salford is easy to get to with Salford Crescent train station right in the centre of our main campus. Whether by bus, rail, bike, car or plane, Peel Park campus is easily accessed from all over Greater Manchester, Lancashire and beyond. For international students, Manchester airport is a short ride away and offers regular flights from London and many international airports.
Get more information about your options for commuting.
What about after uni?
This qualification will equip you for a broad range of career opportunities in, for example, fintech companies, digital payment companies, new trading firms, security protection firms, risk management and regulatory compliance, credit management, etc.
Opportunities are growing in areas such as Compliance, which has seen steady job growth since the financial crisis; and cyber security where a report by Cybersecurity Ventures recently estimated that cybercrimes will triple the number of job openings in the next five years and it is estimated that there will be at least 3.5 million unfilled cybersecurity positions by 2021.
Career Links
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-focused 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.
What you need to know
APPLICANT PROFILE
This course is perfect if you are looking for a master’s level of FinTech program to enhance your understanding of how technology reshapes the financial industry, creates revenue, strengthens security and adds value.
The programme is designed for graduates with an academic background in financial management accounting, economics, computer science, management or business studies. Alternatively, sufficient and suitable work experience will also be considered.
The MSc is the only route available for international students. Find out more about the dedicated support for international applicants, visit www.salford.ac.uk/international.
ENGLISH LANGUAGE REQUIREMENTS
All of our courses are taught and assessed in English, so as an applicant you must meet our minimum English language entry requirements. An IELTS score of 6 (no element below 5.5) is proof of this however we accept a range of equivalent qualifications.
We also offer several English language courses which help you gain entry onto our degrees. For more information go to salford.ac.uk/international/english-language-requirements
Standard entry requirements
Undergraduate degree
A minimum 2:2 degree or equivalent or successful completion of the Graduate Certificate International Management in a business, finance, or economics subject, or a numerate subject such as engineering, computing, maths or informatics; or an equivalent overseas qualification.
Candidates with a 2:2 honours degree in other disciplines will be considered on an individual basis if some level of finance/ economics/ informatics content formed part of the degree and you can demonstrate a high level of quantitative ability through your degree results.
Candidates with a 2:2 honours degree in an unrelated subject area but have relevant work experience or relevant professional qualifications will be considered on an individual basis.
Alternative entry requirements
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).
How much?
| Type of study | Year | Fees |
|---|---|---|
| Full-time home | 2021/22 | £8,100per year |
| Full-time international | 2021/22 | £15,030per year |
| Part-time | 2021/22 | £1,350 per 30 credit module |
| Full-time home | 2022/23 | £8,280per year |
| Full-time international | 2022/23 | £15300per year |
| Part-time | 2022/23 | £1,380 per 30 credit module |
Additional costs
You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.
Scholarships for international students
If you are a high-achieving international student, you may be eligible for one of our scholarships.
We have a range of scholarships available for students applying for courses in2021-2022. Our Global Gold Excellence Scholarship is worth £3,500 and our Global Silver Excellence Scholarship is worth £3,000 - both are available for students studying in our 2021/22 intakes.
We also offer the Salford International Excellence Scholarship which offers up to £5,000 discount on tuition fees. As this is a prestigious award we have a limited number of these scholarships available.
See the full range of our International Scholarships.
All set? Let's apply
Still have some questions? Contact us:
By email (UK applicants): enquiries@salford.ac.uk
By email (international applicants): international@salford.ac.uk
By phone: +44 (0) 161 295 4545
Enrolment dates
New programme: Salford Business School is delighted to present this new programme for September 2021, aimed at both recent graduates and professionals with a financial, IT or business background looking to expand their understanding of technology in finance.