Money, Banking and Finance (MSc) 2017 entry
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 Honours degree from a recognised UK university in a subject covering:
- intermediate micro and macro level
- quantitative methods training
- international finance or international economics.
If your background is exclusively in accounting, business administration, marketing, law or international relations you are unlikely to be qualified to undertake this programme and we suggest you look at other programmes offered by the University.
If you studied your first degree outside the UK, see the international entry requirements.
English language proficiency. See English language tests and qualifications.
The qualifications listed are indicative minimum requirements for entry. Some academic Schools will ask applicants to achieve significantly higher marks than the minimum. Obtaining the listed entry requirements will not guarantee you a place, as the University considers all aspects of every application including, where applicable, the writing sample, personal statement, and supporting documents.
UK and EU: £9,870
- either a detailed personal statement including a list of current modules being undertaken (1,000 words) or a sample of academic written work (2,000 words)
- two academic references
- academic transcripts and degree certificates
- English language requirements certificate.
For further guidance on application requirements, please see postgraduate taught programmes page.
If you started this programme in 2016, you can find information about 2016 entry on the 2016 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.
- In the 2014 UK Research Excellence Framework exercise, the School was ranked joint tenth in the UK and second in Scotland on the basis of the quality of its research publications, with over 80% of the research publications being classified as internationally excellent or world-leading.
- Small group teaching allows a high level of student-teacher interaction encouraging a warm and friendly learning environment.
- The programme aims to prepare students for jobs at a senior level in a wide range of areas: economics, finance, commerce, insurance, academia, diplomatic service and banking.
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:
- 20 lecture contact hours
- 5 contact hours including seminars, workshops and tutorials
- intensive independent study
- 50% continuous assessment
- 50% by two-hour examination.
For more details about each module, including weekly contact hours, teaching methods and assessment, please see the latest module catalogue, which is for the 2016–2017 academic year; some elements may be subject to change for 2017 entry.
All students taking a Money, Banking and Finance MSc must take three compulsory modules in the first semester. These are:
- Money and Banking: the economics of money, banking and financial markets
- Financial Econometrics: the theory and practice of financial econometrics
- International Finance: key issues in international macroeconomics and finance including analysing models of exchange rate determination.
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:
- Monetary Policy: key issues of monetary policy
- Financial Intermediation: the main theoretical issues involved in banking.
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 (see the University’s position on curriculum development. Examples currently include:
- Corporate Governance and Risk: investigation of the problem of how a collection of corporate liabilities are affected in value by corporate actions
- Mergers and Acquisitions
- Portfolio Theory and Management
- Risk Management: standard techniques in risk and insurance.
Students may take optional modules from the Economics MSc programme with the prior permission of the programme director.
The modules listed ran in the academic year 2016–2017 and are indicative of this course. There is no guarantee that these modules will run for 2017 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.
After the MSc
Career destinations for Money, Banking and Finance graduates include:
- commercial and central banking
- investment banking
- financial management
- accounting and finance
- 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).