Finance (Financial Technology and Banking)

MSc
1 year
Durham City
N3KC09
Course details
The MSc in Finance (Financial Technology and Banking) focuses on a highly specialised sector of finance that is involved every day in the lives of people and in the decisions and directions taken by businesses and organisations across the globe. It will equip you with the skills and knowledge to work successfully in this vitally important area of finance.
You will learn how to apply state-of-the art analytical skills, technical skills, and research techniques to financial scenarios in a teaching environment that is challenging and rewarding. Learning is designed to reflect our core values of fairness in how we experience the financial world and equality of access to financial services. Leading global financial institutions and businesses and prestigious PhD research programmes all look for such knowledge and experience.
The 12-month full-time course comprises a combination of core and optional modules, culminating in a practice-based business project or a research-based dissertation depending on the learning direction you choose.
Through a blend of lectures, seminars, and practical work, you will study an up-to-date range of modules including financial technologies, bank management, specialist finance software, banking and financial intermediation and econometric methods.
The course has partnership status with the Chartered Financial Analyst Institute (CFA), the leading global association for investment professionals and the accepted benchmark around the world for technical excellence in financial markets.
The School has made a significant investment in database resources, giving you access to live and historical data from providers including Bloomberg, Capital IQ, Thomson Reuters, DataStream and Orbis. These state-of-the-art databases give you the opportunity to interrogate the financial records of millions of companies worldwide and add valuable insight to your research.
By joining us, you will experience teaching by passionate and dedicated academics who are committed to the study of finance and how it interacts with the everyday lives of individuals and its role within global institutions. Having completed the course, you will be equipped to enjoy a successful career working or researching in finance, banking, or a related discipline.
World-class Business Education
- 11th (UK) 39th (Europe) 66th (Global) - QS World University Rankings: Masters in Finance 2024
Course structure
Year 1 modules
Core modules:
Financial Technologies
features the software, hardware, and innovative algorithmic technologies typically employed by and in financial innovation and is a platform for you to develop further skills in this area. The module provides a comprehensive introduction to FinTech, it is created for management and deployment roles rather than software developers or engineers and you will complete it having gained technical, social and economic understandings of financial technologies with a comprehensive knowledge of key concepts and innovations.
Advanced Financial Technologies
uses examples and case studies based on real financial innovation scenarios and is focused on how financial technologies are built and implemented in practice. This is a practical module that teaches skills related to financial technologies and infrastructures. You will develop a technical and practical understanding of financial technologies and will be able to analyse data from and implement simple designs of financial market infrastructure using programming languages such as Python or Solidity.
Bank Management
develops your knowledge of key concepts and issues in banking related to the management of lending processes, bank funding structure, liquidity and risk management, and performance measurement. You will also develop a critical understanding and appreciation of current theoretical and empirical research in banking and its applications to professional practice in financial services.
Python for Finance
explores general principles and specific techniques of programming in the Python software and its applications in finance, including portfolio management, algorithmic trading, risk management and asset pricing. You will learn to use Python packages for financial data analysis and solving problems in the above-mentioned fields in finance.
Banking and Financial Intermediation
teaches the key concepts and issues in financial intermediation related to the specificities of banking firms, financial stability and regulation. By the end of the module you will have developed an understanding of current theoretical and empirical research in financial intermediation and banking and its relevance to contemporary banking issues.
Econometric Methods
develops the econometric skills necessary for empirical research in economics and/or finance as well as the ability to understand more advanced econometric techniques that will be taught in the second term of the MSc.
The Dissertation,
on a finance topic of your choice, develops your ability to plan and manage your own learning. It provides an opportunity to conduct an in-depth investigation at an advanced level and present your findings and conclusions. To add a further international dimension to the course you can apply for the international route where you undertake research abroad at a partner university. There is also the option to develop a more applied business project in conjunction with an appropriate organisation.
Optional modules:
In recent years, optional modules have included:
- Advanced Financial Theory
- Behavioural and Neurofinance
- Climate Finance
- Corporate Finance
- Derivative Markets
- Financial Modelling and Business Forecasting
- Financial Risk Management
- Fintech Regulations
- International Financial Economics
- International Study Tour
- Islamic Banking and Finance
- Islamic Capital Markets
- Islamic Law and Financial Transactions
- Market Microstructure
- Mergers and Acquisitions and Corporate Restructuring
- Portfolio Management
- Security Analysis
- A language module
Accreditation
Careers and employability
The fast-moving field of financial technology and banking is a stimulating and, at times, challenging choice of career that brings with it a wealth of rewards. We have a support structure in place that will help you secure a future in this popular sector.
Our global links with more than 380 partners in 68 industry sectors across the world benefits the University, its students, and partners alike. This network is not only vital in maintaining our reputation as a business school that shapes innovative researchers and alumni who have made a significant contribution in the finance sector, it also opens up potential employment opportunities for our graduates.
The Business School holds a careers weekend and career insight events featuring experts in their fields, and we will ensure you get the most out of your participation in business projects and placements and in any international opportunities.
This course will prepare you for a stimulating career in a competitive sector anywhere in the world, underpinned by our core values of equality of access to financial services and fairness in how we experience the financial world.
Take a look at some of the roles taken up by recent finance graduates from the Business School:
- Associate at PwC
- Tax Consultant at KPMG
- Auditor at Deloitte
- Market Risk Analyst at Bangkok Bank
- Consultant at EY
- Management Trainee at the Chinese Construction Bank
Learning
Learning is delivered through lectures, some given by guest speakers, in seminars, practical sessions and in extracurricular activities. Seminars will see you working in a smaller group to discuss lecture topics and debate and solve issues raised. Practical work comprises medium-sized group sessions, in which you can practise computer software, applying topics from lectures and seminars.
You will undertake a combination of core and optional modules which will enable you to carry out in-depth study of particular topics. You will also complete an independent 12,000-word dissertation.
Typically, you will attend 10 hours per week of lectures in the first term, nine hours per week of lectures in the second term and undertake a one-hour seminar per module every two weeks.
Pre-sessional modules in accounting, economics, and mathematics and statistics, are offered in September and October in the form of five lectures and five seminars per module.
Assessment
Assessment on this course is rigorous and carried out through exams in January, May and June, a range of assignments and a 12,000-word dissertation in which you carry out independent research and develop your analysis skills.
Outside of timetabled contact hours, you will be expected to undertake your own independent study in preparation for exams, seminars, assignments, and other forms of assessment as well as general background reading in order to broaden your subject knowledge.
Entry requirements
Application Deadlines
The application process opens 1 October 2024 for Masters programmes commencing 2025
We aim to have a diverse student body and recognise that we can only offer places to a finite number of applicants. To help achieve our aim, we look to ensure we offer places to applicants from all nationalities and close applications when we receive the allocated numbers.
The University is under no obligation to make any offer of a place on the programme to any applicant, nor is the University obligated to fill all spaces available on the programme.
The Masters in Finance programme is designed for new or recent graduates. Certain routes within the Masters in Finance programme may also be of interest to those who already have practical experience in the field of finance. Prospective candidates must hold qualifications equivalent to a UK first or upper second-class honours degree in any discipline. Applicants are also expected to have strong quantitative skills for the programme, which includes fundamental concepts of calculus and statistics. Therefore, having studied a relevant mathematics/quantitative module at university level or a minimum of A level Mathematics (or its equivalent) is a prerequisite for prospective candidates.
For applicants whose first language is not English: a minimum score of 6.5 in IELTS, with no element below 6.0; or a minimum score of 92 in TOEFL, with no element below 23; or an equivalent qualification.
How do I apply?
You will need to complete an online application form.
Please note you can only apply for one Masters in Finance programme.
>> Fill out the online application form
To support your online application form, you will need to provide the following documents.
- Official transcript of marks
- Copy of degree certificate (if available)
- Copy of English test results (if available).
You can either upload your supporting documents with your online application or email or fax them to the Postgraduate Admissions Office using the contact details below.
Note
Only files of type .doc, .docx, .gif, .jpg, .pdf, .png, .rtf are permitted to be uploaded.
The maximum file size is 5MB.
Application fee
Once we receive your online application form, you’ll get an automatic email within 48 hours asking you to pay the £60 application fee* which is required to progress your application.
You’ll need to follow the link in the email to the webpage where you can confirm your details and make the payment using a debit or credit card. This is a secure website operated by Secpay, which will send you an automatic receipt of payment.
Once we receive confirmation that your application fee has been paid, we’ll be able to progress your application. If you do not pay the application fee your application will be automatically withdrawn.
*Please note you will only be able to make a payment for one programme in each suite i.e. one MSc Finance programme, one MSc Management programme, one MSc Economics programme.
College membership
All students of Durham University will become a member of one of our Colleges. Here is more information about what college membership means to our students . Once you have accepted your postgraduate offer, the Accommodation and Allocations Office will contact you with further information regarding how to express college preferences. You can also apply for college accommodation, if you wish to.
Here are the steps in the admissions process:
- We will let you know when we’ve received your application.
- Once we’ve received all of your supporting documents, we will email you to let you know our decision.
- If the decision is to make you an offer of a place on the programme we will let you know by email. Please note we do not issue hard copy offer letters as these are not required to obtain a student visa.
- You should confirm acceptance of your offer as soon as possible. In order to secure your place, you are required to pay a deposit within six weeks of the date of your original offer (check your offer documents for details of payment methods).
- International students requiring a student visa will receive a CAS (Certificate of Acceptance of Studies) via email once all offer conditions are met, acceptance and deposit have been received and you are within five months of the start date of your programme.
Alternative qualifications
International students who do not meet direct entry requirements for this degree might have the option to complete an International Foundation Year.
Fees and funding
Full Time Fees
Home students | £16,000 per year |
---|---|
EU students | £35,500 per year |
Island students | £16,000 per year |
International students | £35,500 per year |
The tuition fees shown are for one complete academic year of study and are set according to the academic year of entry. Fees will be subject to an annual inflationary increase and are expected to rise throughout the programme of study. The fee listed above is for the first year of the course only.
Please also check costs for colleges and accommodation.
Scholarships
We are committed to supporting the best students irrespective of financial circumstances and are delighted to offer a range of funding opportunities.
Find Out MoreCareer opportunities
Economics
The Department is recognised around the world for the real-world relevance and practical insight provided by its teaching and research as well as the wide-ranging knowledge and abilities of its postgraduate community.
With the analytical and interpersonal skills you will nurture at Durham, you will be well-placed to continue your research at a higher level or pursue your ambitions in a rewarding and interesting professional career role in a wide range of areas.
Our economics postgraduates have gone on to work in sectors including, Consultancy, Technology, Financial Services and Government.
Finance
As a Business School Masters student, you'll have access to a dedicated postgraduate careers service offering a wide range of opportunities to help you develop the skills necessary for a global career.
We work in partnership with the University's careers team to connect you with events, organisations, or individuals to help kick-start your career. You will have access to one-to-one support on every aspect of the application process, from CV writing to interview techniques.
Our graduates are highly sought after by global employers. Some of our recent graduates now work in sectors including: financial services, healthcare, government and consultancy amongst many others.
Department information
Economics
Choose a Masters in Economics from Durham, taught by world-class academics from a department with a long history of internationally-recognised research and collaboration with some of the UK's major businesses and institutions.
The Department of Economics, is one of four departments at Durham University Business School and is recognised across the globe for its high quality teaching and research. The department's research is broad and far-reaching, with a range of active research centres delivering impactful research across the global business world, informing policy and changing business practice.
Economics at Durham inspires and challenges our students, transforming them into critical thinkers and problem solvers equipped to tackle real-world challenges. Our graduates leave Durham ready to embark on successful careers as consultants, analysts, and graduate economists. They make meaningful contributions across diverse sectors globally, leading businesses or working in finance, government, and multinational companies. Rigorous coursework, dedicated resources, and expert faculty mentorship create a supportive learning environment where students thrive academically and personally, reaching their full potential.
For more information see our department pages.
Facilities
You will join a strong and vibrant learning community with state-of-the-art facilities. Our Masters in Economics programmes are taught by renowned faculty across the Durham University campus, located in the historic centre of Durham, a city with UNESCO World Heritage Status.
We have made a major investment in acquiring state-of-the-art database and software resources, providing our students with valuable skills to assist them in advanced level research and enhance their careers.
Our modern and spacious teaching and learning areas include lecture theatres, seminar rooms and study areas while the library houses extensive collections of business, economics, finance and management books and offers access to over 10,000 journals online.
Finance
Our MSc Accounting is an innovative programme designed to develop your critical thinking skills and provide an essential introduction to a career in accountancy and related fields. It is taught by an outstanding academic team from the Department of Accounting
The Department of Accounting is one of four departments at Durham University Business School. We offer a stimulating learning environment for our Masters students. As an accountancy student you will be joining an academic department with an international reputation for research and teaching excellence.
The one-year, full-time MSc Accounting programme will help you develop key analytical and practical skills and is an ideal programme if you're looking to pursue a career in accounting but have no prior subject knowledge. In addition, the programme carries exemptions from both the ACCA (Association of Chartered Certified Accountants) and CIMA (Chartered Institute of Management Accountants), which can fast track your journey to membership of these organisations, making it easier for you to practice as an accountant.
We are proud of be a part of Durham University Business School, one of the UK’s longest established business schools and one of an elite group of institutions to be accredited by all three major accrediting bodies: the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS).
For more information see our department pages.
Facilities
The MSc Accounting programme is taught across the Durham University campus by world leading faculty. The University is situated in the historic centre of Durham, a city with UNESCO World Heritage Status.
Business School students have access to libraries and study spaces across the University. Many of our learning resources are accessible online, including up-to-date financial information, industry-standard databases and access to over 10,000 journals.
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