The MSc in Money, Banking and Finance covers money and banking, international finance, monetary policy and financial intermediation while also developing analytical skills and competence with empirical methods, preparing students for a professional career in international banking and finance.
Postgraduate; leading to a Master of Science (MSc)
One year full time
A strong 2.1 degree classification from a recognised UK university in a subject covering:
If you studied your first degree outside the UK, see the international entry requirements.
English language proficiency. See English language tests and qualifications.
If your background is exclusively in accounting, business administration, marketing or law/international relations you are unlikely to be qualified to undertake this programme and we suggest you look at other programmes offered by the University.
UK and EU: £9,400
Applications for 2016 entry are now closed. Please check back for applications information for 2017 entry.
For further guidance on application requirements, please see postgraduate taught programmes page.
If you are looking to start this programme in 2017, you can find information about 2017 entry on the 2017 Money, Banking and Finance (MSc) page. Information about all programmes from previous years of entry can be found in our archive.
The MSc in Money, Banking and Finance is a one year taught postgraduate programme run by the University of St Andrews' School of Economics and Finance. The programme consists of traditional lectures, tutorials, and seminars in groups of 20 to 25, with computer lab work in small groups of around 12 students; and a 15,000 word dissertation in an area of your choice. Courses are assessed both continuously and with end of semester exams.
Every MSc student is assigned an adviser at the beginning of the year. Your adviser will provide you with individual guidance on essay planning and writing, module choice, dissertation topics and academic conduct.
Each module typically comprises:
All students taking a Money, Banking and Finance MSc must take three compulsory modules in the first semester. These are:
In the second semester, students take two compulsory modules and are able to choose one optional module from a selection of topics. The compulsory modules are:
In your second semester, you will have the opportunity to choose one module from a selection of topics. The topics, and therefore module titles, vary year on year as they reflect research interests of our staff. Examples currently include:
The modules listed ran in the academic year 2015-2016 and are indicative of this course. There is no guarantee that these modules will run for 2016 entry.
Take a look at the most up-to-date modules in the module catalogue.
The final element of the MSc is a 15,000 word dissertation. The dissertation should be on an area of money, banking and finance that you are interested in, chosen either from a list of topics or developed with your supervisor who will support you through the process.
There are several funding options for postgraduate students.
Career destinations include commercial and central banking, investment banking, financial management, accounting and finance, assurance, insurance, actuarial science, corporate trading, venture capital, private equity, corporate finance, economic, industrial and management consultancy.
Admission to the University of St Andrews is governed by our Admissions policy.
As a research intensive institution, the University ensures that its teaching references the research interests of its staff, which may change from time to time. As a result, programmes are regularly reviewed with the aim of enhancing students' learning experience. Our approach to course revision is described online. (PDF, 72 KB).
The University will clarify compulsory fees and charges it requires any student to pay at the time of offer. The offer will also clarify conditions for any variation of fees. The University’s approach to fee setting is described online. (PDF, 84 KB).