Finance

Banking and Finance at Durham University offers an in-depth exploration of the financial industry, equipping students with the critical skills and knowledge necessary to excel in the fast-paced world of finance. The program combines rigorous academic theory with practical applications, preparing students for a wide range of careers in banking, investment management, financial analysis, and related fields. Throughout the course, students will examine key topics such as financial markets and institutions, corporate finance, financial regulation, risk management, and international finance, gaining a comprehensive understanding of the functioning of global financial systems. The curriculum is designed to develop analytical and quantitative skills, enabling students to interpret complex financial data and make informed decisions. In addition to core modules, students have the opportunity to engage with specialised subjects such as behavioural finance, sustainable finance, and financial technology, reflecting the evolving landscape of the industry. The university’s strong links with financial institutions and industry experts provide unique opportunities for networking, internships, and real-world projects, enhancing employability upon graduation. The program also emphasizes ethical considerations and responsible financial practices, preparing students to navigate the challenges faced by modern financial professionals. Students benefit from access to state-of-the-art facilities, including dedicated finance laboratories and extensive digital resources, supporting interactive learning and research. The academic staff are experienced researchers and practitioners dedicated to fostering a stimulating learning environment. Durham’s vibrant academic community and supportive campus culture create an ideal setting for students to succeed academically and personally. Graduates of the program will be well-equipped to pursue careers in banking, consultancy, asset management, and financial services, or to continue their studies at postgraduate level. Overall, the Banking and Finance program at Durham University offers a comprehensive, challenging, and rewarding educational experience designed to develop the next generation of financial leaders.

Content

Year 1

In the first year, compulsory modules will provide you with the key fundamentals to examine and evaluate modern financial markets. These include:

• Introduction to Financial Accounting
• Introduction to Management Accounting
• Foundations of Finance
• Introduction to Economics
• Quantitative Methods.

Students will also choose one further business, economics or language optional module.

Year 2

In the second year you will study three compulsory modules, including:

• Corporate Finance
• Financial Markets and Institutions
• Introduction to Financial Econometrics.

By studying these modules you will be able to examine financial issues and the institutions, markets and securities that facilitate the vast array of financial transactions that occur continuously across global markets. Furthermore you will acquire numerous quantitative tools which enable you to interpret financial data and price financial securities.

The finance modules are complemented by two compulsory economics modules:

• Microeconomics
• Macroeconomics and International Finance.

You will also choose one further module from a selection which in previous years have included, for example:

• Corporate Financial Reporting
• Auditing and Assurance
• Introduction to Taxation
• Or a language.

Year 3

In the third year you will study three compulsory modules, including:

• Financial Econometrics
• Financial Theory and Corporate Policy
• Security Investment Analysis.

You will also complete a Dissertation which will allow you to analyse, in great depth, your choice of research question in finance. These modules facilitate the development of your theoretical and empirical knowledge of core and topical issues in finance.

You will also choose one module from a selection which have previously included, for example:

• Financial Engineering
• International and Multinational Finance
• Behavioural Finance
• Computational Quantitative Finance.

The course is founded in the disciplines of Finance and Economics and has significant application to practice whilst maintaining a rigorous academic underpinning.

Subject requirements, level and grade

In addition to satisfying the University’s general entry requirements, please note:

• We require AAB from A-levels.
• We consider all A-level subjects, with the exception of General Studies – therefore General Studies would not be included in any offer.
• For all Business, Marketing, Accounting and Finance degrees a strong proficiency in Mathematics is required. If Mathematics is not taken as an A-level subject a grade A in Mathematics at GCSE is required.
• We consider each application holistically, on an individual basis and against the other applications we receive. Whilst academic achievement is important, it is not the only factor that we consider when assessing applications and applicants who have achieved, or are predicted to achieve, close to our typical offer, but who have not met it exactly, will be welcome to apply if they have a strong application in other key elements, for example if they can demonstrate merit and potential through their personal statement or their reference.
• We welcome applications from those with other qualifications equivalent to our standard entry requirements and from mature students with non-standard qualifications, please email us for more information.
• Applicants for whom English is not their first language will be required to offer IELTS of 6.5 (no component under 6.0); or the University approved equivalent. We also require proof of English Language proficiency for students from the European Union.
• We are willing to consider applications for deferred entry from those who have well- structured plans for work or travel, for example. We may, however, need to restrict the number of deferred entry offers we make because we have to be careful not to fill too many of next year’s places in advance. However, if you do apply for a deferred place and are unsuccessful, you are welcome to reapply the following year.
• You are welcome to apply if you are taking resits; we do not make higher offers to students who declare resits.
• If you do not satisfy our general entry requirements, the Foundation Centre offers multidisciplinary degrees to prepare you for a range of specified degree courses.

Preferred Tests:

a. IELTS: 6.5 (no component under 6.0)

b. TOEFL iBT (internet based test): 92 (no component under 23)

c. Cambridge Proficiency (CPE): Grade C

d. Cambridge Advanced (CAE): Grade A

e. Cambridge IGCSE First Language English at Grade C or above [not normally acceptable for students who require a Tier 4 student visa]

f. Cambridge IGCSE English as a Second Language at Grade B or above [not normally acceptable for students who require a Tier 4 student visa]

g. GCSE English Language at grade C or above

h. Pearson Test of English (overall score 62 (with no score less than 56 in each component))

Alternative accepted tests when those listed in a.-h. above are unavailable to the applicant (if the applicant requires a Tier 4 visa to study, advice on the suitability of these alternatives must be sought from the Student Recruitment and Admissions Office):

i. Certificate of Attainment (Edexcel)

j. GCE A-levels (AQA, CIE, Edexcel, CCEA, OCR, WJEC) at grade C or above in an essay based, humanities or social science subject from the following list: History, Philosophy, Government and Politics, English Language, English Literature, Geography, Religious Studies, Economics, Business Studies, Law and Sociology. Modern or Classical Languages are not acceptable in meeting this requirement.

k. International Baccalaureate with a minimum of grade 5 in Standard Level English or a minimum of grade 5 if taken at Higher Level.

l. NEAB (JMB) Test in English (Overseas)

m. Singapore Integrated Programme (SIPCAL) at grade C or above in an essay based, humanities or social science subject from the following list: History, Philosophy, Government and Politics, English Language, English Literature, Geography, Religious Studies, Economics, Business Studies, Law and Sociology. Modern or Classical Languages are not acceptable in meeting this requirement.

n. Singapore Polytechnic Diploma and Advanced Diplomas at GPA 3.0 or above

o. WAEC and NECO Grade B3 or above from Nigeria and Ghana

The Finance program at Durham University offers students a comprehensive curriculum designed to prepare them for a variety of careers within the financial sector. Students will gain in-depth knowledge of financial markets, corporate finance, investment analysis, and risk management strategies. The program emphasizes both theoretical understanding and practical application, equipping graduates with the skills required to navigate complex financial environments. The program features modules such as Financial Markets and Institutions, Corporate Finance, Investment Management, and Quantitative Methods, providing a well-rounded foundation. Students have opportunities for hands-on learning through case studies, simulations, and project work, often collaborating with industry partners. The academic staff are experts in their fields, delivering cutting-edge research and practical insights that enhance the learning experience. Durham University also provides various extracurricular activities, including finance societies, competitions, and networking events, fostering a vibrant academic community. The program is designed to prepare students for careers in investment banking, asset management, consulting, and financial analysis, among others. Career services support students with internships, placements, and employer engagement activities. Graduates of the program are highly valued by employers worldwide, benefiting from Durham’s reputation for academic excellence and strong links with industry. The program duration is typically three years for full-time study, with options for a placement year, which allows students to gain valuable industry experience and enhance their employability. Additionally, the university provides financial aid options, scholarships, and bursaries to assist eligible students. Overall, the Finance program at Durham University combines rigorous academic coursework with practical skills development, ensuring graduates are well-prepared to succeed in the competitive financial sector.

The Bachelor of Science in Finance at Durham University offers students a comprehensive curriculum designed to develop their understanding of financial principles, markets, and institutions. The program aims to equip students with both theoretical knowledge and practical skills relevant to the financial industry. Throughout the course, students explore core areas such as corporate finance, investment analysis, financial markets, quantitative methods, and risk management. The programme emphasizes the development of analytical and problem-solving skills, enabling graduates to assess financial data critically and make informed decisions.

Durham University's Finance degree also integrates modules on ethical considerations and sustainable finance, reflecting the evolving nature of the financial sector and the importance of responsible decision-making. Students have opportunities to learn from experienced academics and industry professionals through lectures, seminars, and work placements. The course structure includes a combination of lectures, tutorials, and independent research, encouraging an active learning environment.

The university's strong links with financial institutions and businesses provide students with networking opportunities, internships, and exposure to real-world financial activities. The programme also prepares students for postgraduate study or entry into professional financial certifications such as CFA and ACCA. Assessment methods include exams, coursework, group projects, and presentations, designed to evaluate both theoretical understanding and practical application.

Graduates of the Durham University Finance program are well-positioned for careers in investment banking, asset management, financial consultancy, risk analysis, and corporate finance. The program's rigorous academic framework, complemented by practical experiences, aims to produce graduates capable of contributing effectively to the financial sector in the UK and internationally.