Finance (Financial Technology and Banking)
This MSc equips you with the knowledge you need to establish a successful career in this highly specialised and fast-evolving area of finance.
1 year full-time
The MSc in Finance (Financial Technology and Banking) focuses on a highly specialised sector of finance that is involved every day in the lives of people and in the decisions and directions taken by businesses and organisations across the globe. It will equip you with the skills and knowledge to work successfully in this vitally important area of finance.
You will learn how to apply state-of-the art analytical skills, technical skills, and research techniques to financial scenarios in a teaching environment that is challenging and rewarding. Learning is designed to reflect our core values of fairness in how we experience the financial world and equality of access to financial services. Leading global financial institutions and businesses and prestigious PhD research programmes all look for such knowledge and experience.
The 12-month full-time course comprises a combination of core and optional modules, culminating in a practice-based business project or a research-based dissertation depending on the learning direction you choose.
Through a blend of lectures, seminars, and practical work, you will study an up-to-date range of modules including financial technologies, bank management, specialist finance software, banking and financial intermediation and econometric methods.
The course has partnership status with the Chartered Financial Analyst Institute (CFA), the leading global association for investment professionals and the accepted benchmark around the world for technical excellence in financial markets.
The School has made a significant investment in database resources, giving you access to live and historical data from providers including Bloomberg, Capital IQ, Thomson Reuters, DataStream and Orbis. These state-of-the-art databases give you the opportunity to interrogate the financial records of millions of companies worldwide and add valuable insight to your research.
By joining us, you will experience teaching by passionate and dedicated academics who are committed to the study of finance and how it interacts with the everyday lives of individuals and its role within global institutions. Having completed the course, you will be equipped to enjoy a successful career working or researching in finance, banking, or a related discipline.
Financial Technologies I features the software, hardware, and innovative algorithmic technologies typically employed by and in financial innovation and is a platform forÃ¢â¬Â¯you to develop further skills in this area.Ã¢â¬Â¯ The module provides a comprehensive introduction to FinTech, it is created for management and deployment roles rather than software developers or engineers and you will complete it having gained technical, social and economic understandings of financial technologies with a comprehensive knowledge of key concepts and innovations.
Financial Technologies II uses examples and case studies based on real financial innovation scenarios and is focused on how financial technologies are built and implemented in practice. This is a practical module that teaches skills related to financial technologies and infrastructures. You will develop a technical and practical understanding of financial technologies and will be able to analyse data from and implement simple designs of financial market infrastructure using programming languages such as Python or Solidity.
Bank Management develops your knowledge of key concepts and issues in banking related to the management of lending processes, bank funding structure, liquidity and risk management, and performance measurement. You will also develop a critical understanding and appreciation of current theoretical and empirical research in banking and its applications to professional practice in financial services.
Python for Finance explores general principles and specific techniques of programming in the Python software and its applications in finance, including portfolio management, algorithmic trading, risk management and asset pricing. You will learn to use Python packages for financial data analysis and solving problems in the above-mentioned fields in finance.
Banking and Financial Intermediation teaches the key concepts and issues in financial intermediation related to the specificities of banking firms, financial stability and regulation. By the end of the module you will have developed an understanding of current theoretical and empirical research in financial intermediation and banking and its relevance to contemporary banking issues.
Econometric Methods develops the econometric skills necessary for empirical research in economics and/or finance as well as the ability to understand more advanced econometric techniques that will be taught in the second term of the MSc.
The Dissertation, on a finance topic of your choice, develops your ability to plan and manage your own learning. It provides an opportunity to conduct an in-depth investigation at an advanced level and present your findings and conclusions. To add a further international dimension to the course you can apply for the international route where you undertake research abroad at a partner university. There is also the option to develop a more applied business project in conjunction with an appropriate organisation.
The fast-moving field of financial technology and banking is a stimulating and, at times, challenging choice of career that brings with it a wealth of rewards. We have a support structure in place that will help you secure a future in this popular sector.
Our global links with more than 380 partners in 68 industry sectors across the world benefits the University, its students, and partners alike. This network is not only vital in maintaining our reputation as a business school that shapes innovative researchers and alumni who have made a significant contribution in the finance sector, it also opens up potential employment opportunities for our graduates.
The Business School holds a careers weekend and career insight events featuring experts in their fields, and we will ensure you get the most out of your participation in business projects and placements and in any international opportunities.
This course will prepare you for a stimulating career in a competitive sector anywhere in the world, underpinned by our core values of equality of access to financial services and fairness in how we experience the financial world.
Take a look at some of the roles taken up by recent finance graduates from the Business School:
Learning is delivered through lectures, some given by guest speakers, in seminars, practical sessions and in extracurricular activities. Seminars will see you working in a smaller group to discuss lecture topics and debate and solve issues raised. Practical work comprises medium-sized group sessions, in which you can practise computer software, applying topics from lectures and seminars.
You will undertake a combination of core and optional modules which will enable you to carry out in-depth study of particular topics. You will also complete an independent 12,000-word dissertation.
Typically, you will attend 10 hours per week of lectures in the first term, nine hours per week of lectures in the second term and undertake a one-hour seminar per module every two weeks.
Pre-sessional modules in accounting, economics, and mathematics and statistics, are offered in September and October in the form of five lectures and five seminars per module.
Assessment on this course is rigorous and carried out through exams in January, May and June, a range of assignments and a 12,000-word dissertation in which you carry out independent research and develop your analysis skills.
Outside of timetabled contact hours, you will be expected to undertake your own independent study in preparation for exams, seminars, assignments, and other forms of assessment as well as general background reading in order to broaden your subject knowledge.
The application process opens 1 October for Masters programmes commencing 2024
We aim to have a diverse student body and recognise that we can only offer places to a finite number of applicants. To help achieve our aim, we look to ensure we offer places to applicants from all nationalities and close applications when we receive the allocated numbers.
The University is under no obligation to make any offer of a place on the programme to any applicant, nor is the University obligated to fill all spaces available on the programme.
The Masters in Finance programme is designed for new or recent graduates. Certain routes within the Masters in Finance programme may also be of interest to those who already have practical experience in the field of finance. Prospective candidates must hold qualifications equivalent to a UK first or upper second-class honours degree in any discipline. Applicants are also expected to have strong quantitative skills for the programme, which includes fundamental concepts of calculus and statistics. Therefore, having studied a relevant mathematics/quantitative module at university level or a minimum of A level Mathematics (or its equivalent) is a prerequisite for prospective candidates.
For applicants whose first language is not English: a minimum score of 6.5 in IELTS, with no element below 6.0; or a minimum score of 92 in TOEFL, with no element below 23; or an equivalent qualification.
You will need to complete an online application form.
Please note you can only apply for one Masters in Finance programme.
To support your online application form, you will need to provide the following documents.
You can either upload your supporting documents with your online application or email or fax them to the Postgraduate Admissions Office using the contact details below.
NoteOnly files of type .doc, .docx, .gif, .jpg, .pdf, .png, .rtf are permitted to be uploaded.The maximum file size is 5MB.
Once we receive your online application form, you’ll get an automatic email within 48 hours asking you to pay the £60 application fee* which is required to progress your application.
You’ll need to follow the link in the email to the webpage where you can confirm your details and make the payment using a debit or credit card. This is a secure website operated by Secpay, which will send you an automatic receipt of payment.
Once we receive confirmation that your application fee has been paid, we’ll be able to progress your application. If you do not pay the application fee your application will be automatically withdrawn.
*Please note you will only be able to make a payment for one programme in each suite i.e. one MSc Finance programme, one MSc Management programme, one MSc Economics programme.
All students of Durham University will become a member of one of our Colleges. Here is more information about what college membership means to our students. Once you have accepted your postgraduate offer, the Accommodation and Allocations Office will contact you with further information regarding how to express college preferences. You can also apply for college accommodation, if you wish to.
Here are the steps in the admissions process:
|£15,500 per year
|£32,750 per year
|£15,500 per year
|£32,750 per year
The tuition fees shown are for one complete academic year of full time study, are set according to the academic year of entry, and remain the same throughout the duration of the programme for that cohort (unless otherwise stated).
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Whatever your specialist interests, you’ll find our careers team is one of the most useful resources to support you on your way to your target career. Now more than ever, it’s the skills you’re able to demonstrate in addition to your academic abilities that will make you shine in a fiercely competitive jobs market.
That’s why our facilities and services are designed to complement your course and help you develop essential professional and practical skills – from personal resilience and self-awareness to CV writing and interview techniques.
We work in partnership with the University's Careers, Employability and Enterprise Centre to connect you with events, organisations or individuals to help kick-start your career.
Our Career Insights sessions are delivered by external professionals with expertise and knowledge of their particular sector which provide insights into working in areas that are popular with our students. Previous guest speakers have delivered presentations on working in banking, professional services, and management development programmes within international companies.
We recognise that many of our students will progress their careers outside of the UK once they finish their studies, and our career development programme is designed with this in mind. We offer events focused on career opportunities in China and are continually developing relationships with international recruiters.
If you’re an international student interested in working in the UK after your studies, the University's Visa Information pages provide information related to immigration. Our advisers are dedicated to helping you understand the requirements and restrictions of your visas during your studies and can provide limited advice on post-study visa requirements.
You can access more information on our English Language support pages.
You will have access to a huge range of career resources including an interview simulator with a bank of interview questions, a CV builder, and our international Jobs Board.
You can continue to make the most of our specialist career development advice after you graduate, including on-going one-to-one support from our Masters Career Consultants, workshops in our key locations, and continued access to our online career resources.
The Department of Economics, is one of four departments at Durham University Business School and is recognised across the globe for its high quality teaching and research. The department's research is broad and far-reaching, with a range of active research centres delivering impactful research across the global business world, informing policy and changing business practice.
Our programmes in economics, environmental economics and behavioural economics, provide the rigorous training and advanced analytical and technical skills required by global employers, or, to take you onto doctoral study.
You'll join a vibrant, diverse community and hear from guest speakers including leading academics and professionals from across the globe, who are specialists in your particular area of interest.
You'll benefit from our significant investment in database resources, giving you access to live and historical data to add valuable insight to your research.
Durham University Business School, is one of the UK’s longest established business schools and one of an elite group accredited by all three major bodies: the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS). The School also offers postgraduate programmes in the areas of Accounting, Business, Management and Marketing and Finance.
Our Economics Masters are taught across the Durham University campus by world-leading faculty from the Business School. The University is situated in the historic centre of Durham, a city with UNESCO World Heritage Status.
You will join a strong and vibrant learning community with state-of-the-art facilities.
We have made a major investment in acquiring state-of-the-art database resources.
Our modern and spacious teaching and learning areas include lecture theatres, seminar rooms and study areas while the library houses extensive collections of business, economics, finance and management books and offers access to over 10,000 journals online.