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Full-time Degree

BSc (Hons) in Banking and Finance

Available from September 2018, this programme covers a wide range of theory and skills relevant to many different roles in the financial services industry. As you progress through the programme, it is designed to help you decide on your chosen career path and tailor your learning.

About the course

You can study this programme over the standard three years or four years if you want to include a one-year industry placement. We have made employability the cornerstone of this programme and making sure that you have the critical combination of knowledge, practical skills and understanding that can be applied in the professional world.

Each year builds a foundation in a set of subjects crucial to a successful career, equipping you with the specialised knowledge of theoretical models and applications in banking and finance. By the third year your knowledge will be taken to a high level exploring themes such as strategy, management and risk.

Read the full programme specification

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Careers

Graduates of this course are likely to go on to careers in a wide range of financial services roles and you can tailor your learning throughout the course to suit your career aspirations. You will be supported throughout your studies to gain summer internships to give your career a head start.

The programme is also designed to be an excellent foundation for further study including regulatory qualifications or specialising at a Masters Level.

Modules

First-year modules

Foundations of Economics

This module introduces fundamental concepts of economic analysis at both micro and macro level. Microeconomic topics include resource allocation, demand, supply and price, production and costs, market structure, input markets and market failure. Macroeconomics covers inflation, unemployment, economic growth, monetary policy, fiscal policy, foreign exchange, and balance of payments.

Personal Development & Employability

This module provides students with key skills to assist them in their academic study and ensuing professional career. These skills include self-management, team work, leadership and influencing, negotiation, self awareness of strengths and weaknesses, career planning, communication (written, oral), and proficiency of Word, Excel, PowerPoint, VBA or Python and selected financial databases.

Introduction to Banking: Institutions, Law, Regulation & Ethics

The module provides an overview of the financial services industry institutions and their role, the risks they face, the need for a legal and regulatory framework, ethical theories, banker-customer relationship, duties to clients and employers, insolvency, professional behaviour and ethical dilemmas, conflicts of interest, insider dealing, money laundering, tax legislation and internal corruption.

Principles of Finance

This module exposes students to the key topics in Finance including the time value of money with applications to valuation, portfolio theory and the risk-return concept, efficient markets and behavioural finance, and corporate governance, stewardship and agency. The module also provides an overview of financial markets and instruments, notably bonds, equities, and derivatives.

Introduction to Financial & Management Accounting

This module introduces basic financial and management accounting techniques used in business decision‐making. Financial accounting topics include recording of transactions, preparation of financial statements, and interpretation of financial accounting data. Management accounting topics cover overheads, relevant costing and approaches, cash flows, and budgeting.

Quantitative Methods for Finance

This module provides an understanding and application of numerical techniques used in finance. The first part covers maths - basic algebra and calculus, while the second part covers statistics - collecting and summarising data, Index numbers, probability and selected distributions, sampling, estimation and hypothesis testing, correlation, simple linear regression and forecasting. The module makes use of VBA or Python and statistical/econometrics packages.

Second-year modules

Commercial & Corporate Banking

This module provides an understanding of commercial and corporate banking and the products and services that they offer, with a focus on managing the relationship between the financial institution and its MSME and corporate clients, including both legal and practical aspects, as well as bank lending techniques and marketing, credit analysis, how to mitigate risks, and what happens when things go wrong (bad debts, insolvency).

Financial Derivatives

This module discusses the different types of derivative instruments, characteristics, pricing, and hedging, comprising forwards, futures, options and swaps.

Corporate Finance & Valuation

This module examines the various decisions faced by financial managers, including investment, financing, and dividend policies, as well as more complex themes such as company valuation, strategic advice, and event studies.

Financial Accounting

This module develops the knowledge and understanding of financial accounting and accounting information within recognised accounting standards and legal requirements. The focus is on principal financial statements, financial reporting systems and quality, analysis of tangibles, inventories, long-lived assets, taxes, debt, off-balance-sheet assets and liabilities and share capital.

Second-year option modules

Retail Banking

This module provides an understanding of retail banking and the products and services that they market to consumers and small enterprises, with a focus on how to effectively manage retail customer relationships, credit assessment, risk, pricing, monitoring, legal and practical aspects, as well as some contemporary issues such as the impact of innovation in digital banking technologies and the rise of challenger retail banks’ offerings.

Applied Econometrics

This module provides an application of statistical and econometric methods to a range of problems in banking and finance. Topics include a review of sampling, estimation and simple linear regression, multiple linear regression, non-linear relationships, dummy variables, model specification, failure of regression assumptions, limited dependent variables, time-series, non-stationarity and panel data. The module makes use of VBA or Python and statistical/econometrics packages.

Emerging Markets

This module provides an overview of economic, financial, political, legal, technological, socio-cultural issues and ethical issues pertaining to doing business in emerging markets, focusing on characteristics, development stage and growth, currency, international capital flows, Islamic finance, crises and contagion.

Third-year modules

Bank Risk Management

This module covers the main sources of financial risk in a financial institution as well as risk measurement, monitoring and management, and explores the optimum funding mix for banks, funding risk, and how to structure that funding mix. Topics include bank funding strategy, asset-liability management (ALM) trading and hedging principles, liquidity risk management, credit risk, enterprise risk, market risk, operational risk, interest rate risk, currency risk, systemic risk, technological risk, and regulatory risk including compliance with prudential regulation.

International Finance

This module examines international corporate finance within the context of managing a multinational corporation and controlling international operations, including international sources and investment of funds, identification of corporate foreign exchange risks, tax legislation and transfer pricing, and ethical issues.

Bank Strategy & Management

This module covers key principles underlying strategic and management challenges facing banks today and in the future, including an understanding of why banks may be similar or behave quite differently depending on their home (headquarters) or host (operating) country, how banks choose businesses (sectors; countries) to operate in, and why they change them, impact of law and regulation changes, as well as cultural conflicts inherent in strategy, management and risk taking by banks.

Corporate Strategy

This module examines the goals and key elements in corporate strategy formulation and implementation, with a focus on core business definition, internal and external environment and peers’ strategy.

Investment Banking

This module covers financial- and strategic-related client advice, comprising raising financial capital, underwriting, mergers and acquisitions, corporate restructuring (including ring-fencing), as well as an overview of services such as market making, derivatives and equity securities trading, and FICC services (fixed income instruments, currencies, and commodities).

Third-year option modules

Alternative Investments

This module provides an overview of alternative investments beyond the traditional investment portfolios (equities and bonds). The focus is on vehicles, methods and industries, including Hedge Funds, Commodities, Real Estate, Energy, Distressed Securities and Private Equity.

Private Equity & Venture Capital

This module provides an overview of private equity and venture capital, including deal-making, fund raising, venture valuation, investment exits, innovation outputs, corporate governance, and ethical issues.

Capstone Project

This module consists of a 5,000 – 6,000, independent, research-based project, which encapsulates learning acquired in the degree as well as work-based, involving collection, interpretation, analysis and presentation of information and data. The module includes sessions on research framework, namely planning, research objectives and questions, literature review, data collection, ethical issues, methodology, analysis and write-up.

Lecturers and Tutors

We ensure a blend of academic and practitioner experience within our lecturing team. Many of our lecturers have themselves worked in the financial services industry and keep up-to-date with industry regulations and news, enabling them to help you understand how the theory relates to practice.

Experts will guide you on risk management protocols and the psychology of trading and its effect on the management of risk and will provide you with personalised 'trading reviews' of your performance.

Course Requirements

We normally make offers of ABB/BBC at 'A' level (this excludes General Studies, Critical Thinking, Extended Projects and Citizenship Studies). All applicants are usually required to hold a minimum of GCSE Maths grade B and English Language grade C or equivalent.

Ideal applicants will have studied one of the following 'A' levels: Mathematics, Further Mathematics, Economics, Statistics or Physics.

We accept the BTEC Extended Diploma at D*DD-DDM and the Diploma and Subsidiary Diploma along with other qualifications. The International Baccalaureate is also accepted (28 – 32 points). Offers may vary.

Certificate and Diploma in Financial Studies - remember that these qualifications can contribute to our entry requirements, helping you to stand out from other applicants.

Additional information

Before teaching starts, we will be hosting a Summer Maths Programme which focuses on the fundamental math skills you will come across during your studies. It's a great opportunity to boost your numerical skills, get a head start on your studies and begin your first year with confidence.

If you do not meet the entry requirements or if you are applying as a mature students, please contact Full-time Programmes on +44 (0)20 7337 6293/4 or email us.

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