The professional training provided in the MSc has allowed graduates from the programme to work as economists in central banks, as financial analysts in financial institutions and to undertake doctoral research.
The programme gives you a comprehensive coverage of economic theory and advanced quantitative methods – with analysis of financial markets – and includes discussion of the institutional framework of the money and banking sectors. The MBF MSc is delivered by a mix of highly experienced and prominent academics as well as professionals. This allows the programme to adapt its contents to a changing environment and keeps it at the cutting edge of the various disciplines taught in the MSc.
The programme is based in the Department of Economics but is taught jointly with the Department of Accounting and Finance. The first two terms are devoted to taught modules to give you a strong grounding in key areas of theory and practice. In the third term and over the summer months students complete a research project (dissertation). Each individual student is assigned to a supervisor on the basis of their expertise on the topic selected. The dissertation allows you to analyse a research theme in depth and apply the theoretical and statistical skills you have developed during the taught part of the programme.
Students are drawn from a variety of backgrounds but must have a good basic knowledge of economics and statistics. It is therefore important that your first degree contains a substantial element of economics, and that you also have strong quantitative skills.
The total number of students admitted each year to the programme averages 25. This allows us to maximise the benefits of small-group teaching and ensure a high level of staff–student interaction.
You can choose to do this programme part-time or full-time.Full-time
You only need to take one of these language tests:
Minimum required score:
The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.Take IELTS test
StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more
Minimum required score (Grade B):
The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.
Note: degree programmes and applications may require a more specific minimum score for admission.
Minimum required score:
The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).
You need the following GPA score:
Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3.2 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
Applicants to the MSc in Money, Banking and Finance will normally need to have:
You will normally need a minimum of a 2:1 honours degree or equivalent (a GPA of at least 3.2 on a 4-point scale or B/B+ on a literal scale).
Applicants who have studied in China should have been or will be awarded a Bachelor's degree with a final overall mark of at least 80%-85%.
The degree should be in Economics, Finance or related subject which has included a significant component of Economics and quantitative techniques.
StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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