Banking and Risk

Study mode:On campus Study type:Full-time Languages: English
Local:$ 17.3 k / Year(s) Foreign:$ 27 k / Year(s)  
30 place StudyQA ranking:4958 Duration:12 months

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The aim of the MSc in Banking and Risk is to give students the knowledge, understanding and key skills that will enable them to be effective managers in financial institutions, especially banks, in any country in the world.

Recent events demonstrate that the successful management of banks is of crucial importance to western economies. Banking is an industry rather than an academic discipline and the study of the management of banks is multidisciplinary. The approach of this programme is to consider the structural, financial and risk and asset management functions of banks.

Whilst there are many Masters degrees involving banking offered in the UK, the vast majority provide descriptive material about what banks actually do. The Edinburgh Masters differs from the majority in that it has a major emphasis on what decisions Managers in banks should make and how to make them. The course has been designed by asking the question ‘what skills do Managers in risk functions need to be technically excellent at their job.’ This approach is unique and has shaped the content of modules and the structure of the programme.

The MSc in Banking and Risk utilises knowledge and skills gained through the research carried out by members of the Credit Research Centre (CRC) in the Business School. This is a leading international research centre that specialises in research into credit risk modelling.

A strong academic base, passionate faculty and international cohort will ensure a rewarding student experience in our city-centre campus. The school has widespread industry links and students will have exposure to a range of guest speakers.

The MSc in Banking and Risk runs for one academi year, starting in mid-September. At the start of the programme, you undertake six core courses, four in Semester 1 and two in Semester 2.

In Semester 2, you also begin to tailor your studies towards your career interests, through the selection of your two option courses. Finally, your MSc dissertation brings all of the year's learning together in a piece of work unique to each student.

New for this year, students will study An Introduction to SAS. This programme will teach students to run programs in an SAS environment, input and manipulate data in SAS and output data results in various forms.

Semester 1

18 September - 19 December

  • Induction
  • Analysis of Corporate Financial Information
  • Introduction to Banking
  • Statistics for Finance
  • Introduction to Risk Management for Banks
  • Introduction to SAS

Semester 2

12 January - 22 May

  • Credit Risk Management
  • Financial Markets and Institutions
1 June - 28 August
  • Dissertation

Analysis of Corporate Financial Information

The course aims to allow participants to analyse financial statements of corporation from around the world and to show the links between accounting statements, valuation methods and investment analysis. Participants will be comfortable reading financial statements, calculating and understanding accounting ratios, extracting information to make forecasts and valuations. Participants will also gain understanding of the limitations of financial statements and methods for evaluating the quality of these statements.

Introduction to Banking

This course provides foundation knowledge that is required to: 1.give students a broad understating of the roles of banks and the structure of the banking industry in different countries as relevant information in its own right. 2. to provide background information that is needed for students to benefit most from courses taken in semester two.

Statistics for Finance

This course will train students in the basic tools of Statistics for Finance. “Statistics for Finance” builds on such topics as elementary probability, simple sampling theory and statistical inference. Moments, Quantiles and distributions are introduced. Lectures are supported by weekly problem solving classes.

Introduction to Risk Management for Banks

Managers in a risk function in banks must understand the nature and sources of risks that depositors, equity holders and debt holders are subject to. The aim of this course is to give the student a detailed knowledge of the nature of these risks, how to measure the exposure that a bank has to such risks and an understanding of some ways in which such risks can be managed by a bank.

Credit Risk Management

This course introduces students to the theories and practices in credit risk management. Students will consider the application of credit scoring and the methods for credit scoring using scorecards. In particular, students will learn certain techniques required by a lender for effective loan management and for compliance with capital requirement regulations. This course build on students’ knowledge gained in the core courses of the MSc Marketing and Business Analysis programme, therefore complementing the other courses and minimising overlap of materials.

Financial Markets and Institutions

The course is aimed at students wishing to become financial executives in companies and other organisations. In that role they will need to know about the main theories and practice of financial markets, including the equity, bond, money and foreign exchange markets. The programme considers finance and accounting primarily from the company’s point of view, but company treasurers need to know something about financial markets from the perspective of institutional investors and financial intermediaries such as brokers and investment banks. The course will provide the necessary background for students wishing to take the option in Investment Management in the second semester.
Entrance to our MSc programmes is strongly competitive. You can increase your chances of a successful application by exceeding the minimum programme requirements.Academic requirementsYou will need a UK first-class or 2:1 honours degree from a good university in one of the subjects below, or an equivalent overseas qualification.Academic backgroundAn undergraduate degree in a quantitative subject or in finance is normally required. Acceptable quantitative subjects include economics, mathematics, statistics, operational research, informatics, computer science, physics, and engineering.Candidates with a very good Honours degree in business or management or relevant business experience will be considered on an individual basis.International qualificationsEnglish requirementsThe minimum academic requirement is a UK 2:1 honours degree in a related subject or an equivalent international qualification.Some examples of equivalent qualifications:Canada: mid B+; 3.3+ (4 point scale); 7.3/8+ (9 point scale)China: 80-85%+; B+Germany: 2.5+ (reverse 5 point scale); Sehr Gut/GutIndia: 1st Class degree (60%+)Nigeria: 2:1South Africa: 2:1/1stUSA: GPA 3.25+ (4 point scale)If your home country is not listed above, consult the minimum grade point average (GPA) required by following the link below.English requirementsMinimum English language requirementWe require all applicants to meet one of the following English language requirements:You are a national of a majority English-speaking country as defined by the Home Office.You have completed an academic qualification at least equivalent to a UK Bachelors degree, which was taught in a majority English-speaking country.You have or will have achieved the minimum required score in one our accepted English language tests.All tests or methods of assessment must be dated within two years of the start date of the programme.Please refer to the UK Home Office website for a list of majority English-speaking countriesAccepted Secure English Language TestsWe accept results from the following English language tests:IELTS (International English Language Testing System): 7.0 (with no score lower than 6.0 in each section)PTE (Pearson Test of English): 67 (at least 56 in each of the "Communicative Skills" sections)CPE (Cambridge Certificate of Proficiency in English): Grade BCAE (Cambridge Certificate in Advanced English): Grade ATOEFL (Test of English as a Foreign Language) iBT: 100 (with scores no lower than 20 in each section) English Language Requirements IELTS band: 7 CAE score: (read more) Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IETLS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever. 80 (Grade A) TOEFL iBT® test: 100 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.
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