Banking and International Finance
- Course content
- Teaching staff
- Entry requirements
- Tuition fees and term dates
- Career opportunities
The MSc in Banking and International Finance is designed to equip you for a very wide range of careers in banks, investment banks, securities firms, portfolio managers, finance departments of industrial and service companies, consultants, central banks, auditors, multinational financial organisations, etc.
Such organisations have a continuous demand for postgraduate-level executives. Consequently, this MSc is popular with high-calibre individuals driven by a desire to work in activities such as: traditional lending, securitisation, credit derivatives, bridge financing, asset management, trading foreign exchange and securities, derivatives and structured products, mergers and acquisitions, initial public offerings, securities custody, retail services, etc.
The course is a Chartered Financial Analyst Institute (CFA) Partner Programme. Please see the Accreditations tab for more information on how you can benefit from this partnership.
View our guide to finance MSc courses at Cass
On a typical intake of around 80 students a year, a minimum of 35 nationalities will normally be represented. The international dimension of the course is further developed through the backgrounds of the permanent and visiting academic faculty. The international learning experience adds to range and depth to the student experience, while generating worldwide networking opportunities after graduation. The average age of students on the MSc in Banking and International Finance course is 25.
'I was very impressed by the students on my course. All of them were very strong.'
Nguyen Thi Xuan Nhu from Vietnam
MSc in Banking and International Finance
Nhu describes more of her experiences at Cass
If you would like to arrange an individual appointment to discuss this programme please email Kate Hodson
We review all our courses regularly to keep them up-to-date on issues of both theory and practice. Therefore, there might be some change to the detailed content of the modules and occasionally to module titles.
The Banking and International Finance course starts with two compulsory induction weeks, mainly dedicated to:
An introduction to careers in finance and the opportunity to speak to representatives from over 75 companies during a number of different industry specific fairs.
A refresher course of basic financial mathematics, statistics, computing and electronic databases.
MSc Research Project
The MSc Research Project
Students have the option of studying five specialised electives in term three to give them a breadth of subject matter. Alternatively if students would like to study one particular area of interest in depth they have the option of taking one elective and completing a Business Research Project, which in some cases may be completed in partnership with a sponsoring organisation.
The Project will be of approximately 8,000 words. This offers an opportunity to specialise in a contemporary finance topic related to students' future careers. The Project should be based on independent research either in the context of a single organisation or using third-party sources.
Students are encouraged from the start of the course to think about a topic for their Project. A member of academic staff supervises the project, and the student may choose whom they would like to work with. The Project must be submitted by the end of August. Company sponsored projects are encouraged and a number of such projects may be available.
Many students use this opportunity to complete a project in conjunction with an organisation they might want to work for. This gets their foot in the door and can lead to permanent employment post programme, whilst earning course credit. Cass Careers Service works to coordinate projects with organisations and students.
Some recent projects:
- Investment Styles in Hedge Funds
- Investment Banking - Conflict of interest within departments, Derivatives or Consulting
- The Future Development of Derivatives in China
- Liberalisation of exchange rate in emerging markets
- Comparison of different systems of taxation for derivatives products
- Government agencies' role in secondary mortgage market
- The impact of the Continued Linked Settlement in the Banker Sector
- Developing of advanced Portfolio Approach for the appropriate determination of the exchange rate
- Asset Prices in Emerging Markets and Future Real economic developments
- The Smile Effect
The teaching staff on the MSc in Banking & International Finance have many years of practical experience working in the financial services sector and are also active researchers in their fields
This knowledge and experience inform the highly interactive lectures that make up the MSc in Banking & International Finance.
Other Module Leaders include:
Teaching staff on Cass Talks
Some of the lecturing staff on the MSc in Banking & International Finance have taken part in recent editions of Cass Talks.
Prof. Richard Payne argues banning short-selling could do more harm than good.
CFA Programme Partner
The CFA Institute, the global association of investment professionals, recognises the rigour and the relevance of the MSc in Banking and International Finance and has awarded this course partner status. CFA Programme Partner status is awarded to a select number of universities around the world whose degree courses incorporate at least 70% of the CFA Program Candidate Body of Knowledge. The CFA Program is the essential qualification for those wishing to pursue a career in the finance sector and the CFA Institute recognises the MSc in Banking and International Finance as strong preparation for their professional exams.
Cass students on CFA partner courses have the option of taking some additional preparatory classes for the CFA exams. They also have access to CFA study materials (including an online Level 1 sample exam) and complimentary access to Financial Newsbrief, a daily investment brief by the CFA. In addition, there is the opportunity to take part in the CFA Global Investment Research Challenge.
Each year 5 CFA scholarships are available to Cass students, offering financial assistance with the CFA exam registration fees.
The MSc in Banking & International Finance is accredited by Institute of Chartered Accountants of England and Wales (ICAEW).
Documents required for decision-making
- Transcript/interim transcript
- Current module list if still studying
- Personal statement (500-600 words)
Documents which may follow at a later date
- IELTS/GMAT, if reports available
- Confirmation of professional qualification examinations/exemptions/passes, if applicable
- Two references
- Work experience is not a requirement of this course
- For a successful application to receive an unconditional status all documents must be verified, so an original or certified copy of the degree transcript must be sent by post to Specialist Masters Programme Office, 106 Bunhill Row, London, EC1Y 8TZ, UK
We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.
The entry requirements for the MSc Banking & International Finance are as follows:
A UK 2.1 or above, or the equivalent from an overseas institution.
Some level of previous study or evidence of skills in finance or quantitative methods is essential.
Applicants will need to submit two references, one of which MUST be an academic reference.
- If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
- If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.
The required IELTS level is an average of 7.0 with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.
Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.
CFA Claritas Investment Certificate
- Covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.
- Highly recommended, particularly for students from a non finance background.
- Highly recommended
- A well-balanced score in the range of 600-800 will significantly strengthen your application
Work experience is not a requirement, but please provide details of relevant experience that might enhance your profile. This information will be included in your CV which is required with all applications.
Tuition fees and term dates
Tuition fees 2016/7
Application fee: Nil
Tuition fees: £25,000 Currency Converter
Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)
First instalment: Half fees less deposit (to be paid at registration)
Second instalment: Half fees (paid in January following start of programme)
Term dates 2016/7
In-Person Registration (all students must attend): Commences 12 September 2016
Compulsory Induction: 12 - 23 September 2016
26 September 2016 - 2 December 2016
Term I exams
9 January 2017 - 20 January 2017
23 January 2017 - 31st March 2017
Term II exams
24 April 2017 - 5 May 2017
8 May 2017 - 23 June 2017
Term III exams
26 June 2017 - 7 July 2017
Submission deadline for Business Research Project
1 September 2017
Official Course End Date
30 September 2017
There is a continuous demand for capable postgraduate level executives in the world of finance.
Graduates from the MSc in Banking & International Finance move into a diverse range of careers in the financial sector: investment banking, securities sales and trading, foreign exchange, hedge funds, private banking, credit products, financial and credit risk management and consultancy.
MSc in Banking & International Finance employability
Our Graduate Destination Survey of the MSc in Banking & International Finance class of 2014 shows that 62.7% of graduates are now either in work (59.4%) or not job seeking as they are in further study, military service etc. (3.3%)
Some examples of where graduates from the MSc in Banking & International Finance class of 2014 are working are:
- EY - Consultant
- Morgan Stanley - Credit Risk Analyst
- FitchRatings - Associate Analyst
- Barclays - Trading Assistant
You can also view data from our Graduate Destination Survey (pdf) from 2014.
'I love being taught by industry experienced professors. I also love the fact that I am surrounded by so many different nationalities at Cass. It challenges you and has expanded my views on the world.
I will begin my career this summer with an internship at Morgan Stanley in their Institutional Sales & Trading Division. The Cass careers team has assisted me since I arrived in London and have been invaluable in helping me secure this opportunity.'
Ian Schneider from The USA
MSc in Banking and International Finance