Banking & Finance - MSc/PgD/PgC

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Course Overview

Worldwide growth in the global banking sector and the increasingly complex financial markets has furthered the demand for professionals with specialist skills and competencies such as thorough understanding of the principles and techniques in global financial markets, and an appreciation of the role of risk management in complex financial institutions.

This innovative postgraduate programme is specifically designed to equip graduates looking to pursue careers in corporate finance in large financial and non-financial institutions, corporate financial services, financial regulatory agencies, wealth management and investment. The core, elective and optional modules of this exciting programme cover a very wide range of specialised areas from which you will gain a thorough and in-depth knowledge of the most current developments in the global financial markets and institutions, investment and wealth management. The module syllabuses are designed to develop your quantitative analysis skills, enabling you to critically analyse financial investment proposals and empirical applications of corporate finance. These skills are deemed crucial for a successful career in the banking and finance sector.  

All the Finance based Masters programmes within the School of Management have full access to the Financial Times on-line  and  the opportunity to learn and carry out practical work in our dedicated, state-of-the-art Bloomberg Financial Lab. The virtual financial platform allows you to access and engage with live market data through applying practical evaluation and financial modelling. The programme also offers you an opportunity to gain the Bloomberg certificate - Bloomberg Market Concepts (BMC), which is widely recognised in the banking and financial industry.

You will be taught by academically qualified and enthusiastic staff with research and consultancy experience and links to industry. Your high quality learning experience comprises lectures and discussions supported by group work, presentations, statistical computer labs and case studies. Your learning will be assessed by a mixture of coursework assignments throughout the year, and by examinations in January and/or May. 

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Course Content

Module Information:

Corporate Finance and Risk (Compulsory – 20 credits)

The main purpose of this module is to provide a systematic knowledge and understanding of a range of approaches to corporate finance and risk. It combines a theoretical approach to financial theory with the practical tools and techniques of corporate financial management. It outlines the sources of funds available to the corporate sector and the operation, importance and impact of global financial markets. It examines how corporate organisations plan for, finance, and fund investments, including mergers, acquisitions and brand new operations. The module also outlines the nature of risk and the tools and techniques to cope with and manage risk in the corporate environment.

Assessments: 
Written Coursework (60%) 
Presentation and Report (40%) 

Current Issues in Accounting, Economics and Finance (Compulsory – 20 credits) 

The world of finance is ever changing – during any semester there will be major changes in terms of corporate finance, national finance, international finance or all three. The aim of this module is to allow students an opportunity to engage, reflect and critically evaluate these contemporary events. 

Assessments: 
Written Coursework (50%) 
Reflective Logs (50%) 

Professional Development and Practice in Business and Management (Compulsory – 10 credits) 

The aim of this module is to provide students with the tools, techniques and competencies to enhance both their academic learning and personal development. It requires students to reflect upon their performance and intellectual development. In addition, the module aims to develop and promote critical employability skills to enhance student career opportunities and prospects. 

Assessment: 
Portfolio (100%) 

Quantitative Finance (Compulsory – 20 credits) 

The aim of the course is to give students confidence and skill in the use of the mathematical and statistical methods used in the field of financial management, including the calculation of financial market yields and prices, frequency distributions, risk and probability, correlation and regression analysis. 

Assessment: 
Exam (100%) 

Research Methods (Compulsory – 10 credits) 

This module provides a comprehensive introduction to research as practised in finance and related disciplines. It provides an overview of the key quantitative and qualitative methodologies that are needed to undertake, evaluate and present a small scale research project. Following an introduction to research the module will move on to explore the major paradigms and debates. It will help students to build appropriate strategies for reviewing literature and developing a coherent set of aims and objectives for a research study. It identifies how to develop research questions/hypotheses and how to produce a robust and realistic research proposal and research design considering issues of data validation, triangulation and reliability. It will develop the students’ awareness of the importance of Ethical considerations within a research project. 

Assessments:
Presentation (20%) 
Ethics Form (30%) 
Proposal (50%) 

Dissertation (Compulsory – 40 credits) 

The dissertation provides an opportunity for in depth study of a topic relevant to management. On successful completion of the module, the student should be able to critically evaluate major schools of thought within relevant financial management theory; translate theory into practice through the study of its application in the real world; undertake empirical research in this area and draw strategic conclusions about the implications of the results for managerial decision-making. 

Assessment: 
Dissertation (100%) 

Global Financial Institutions (Elective – 20 credits) 

The main purpose of this module is to provide a systematic knowledge and understanding of role and functions of financial institutions from Central Banks and International Organisations through to face to face institutions. The module provides an overview of the financial markets in which GFI operate focuses primarily on the institutions and their interactions with each other and the markets. 

Assessment: 
Written Coursework (50%)
Take-over Exercise (50%)

Islamic Investment Banking (Optional – 20 credits) 

The aim of this module is to build on the concepts and principles introduced in “Introduction to Islamic Finance” This module specifically focuses on the system and instruments used in Islamic Finance and how these might offer viable alternatives to both “western” and “non western” companies. Specifically providing knowledge & comprehensive understanding of the essential elements of Islamic corporate and project finance structures and specific risks involved. Also the module seeks develop understanding of Sharia’a compliant structures, strategies, valuations and instruments for different purposes and identify, mitigate & mange the risk profile of investments.

Assessment: 
Written Coursework (50%)
Group work & Presentation (50%) 

Wealth Management (Optional – 20 credits) 

The main purpose of this module is to provide a systematic knowledge and understanding of the comparatively new field of Wealth Management as it impacts on high net worth individuals. This area, which has limited regulation, has been identified by the Bank of England as having the potential to be the next mis-selling Scandal. This module aims to provide a detailed and holistic approach to Wealth Management and planning to incorporate in-depth knowledge of real and financial assets, portfolio construction, tax planning and risk management. 

Assessment: 
Case Study (50%) 
Presentation (50%) 

Behavioural Finance (Optional – 20 credits) 

Behavioural Finance is a study of how investor behaviour and behaviour patterns impacts on investment decisions. The field looks at cognitive psychology, economics and investor needs. This module aims to provide students with a detailed understanding of Behavioural Finance. 

Assessment: 
Coursework (50%) 
Exam (50%) 

Capital Markets and Derivatives (Optional – 20 credits) 

The module is designed to build on the finance related knowledge and skills acquired in Compulsory modules a strategic understanding of capital markets and their most volatile instruments. It will provide a sound understanding of modern corporate finance theory and practice and will equip students with the ability to analyse internal & external accounting statements. 

Assessment: 
Exam (100%) 

International Political Economy (Optional – 20 credits) 

The course will aim to introduce students to international geopolitics with introductions to the supranational political entities and international cooperation and dispute resolution mechanisms. Students will also learn of comparative political and legal systems and the role of these systems in international commerce and finance. This will encompass several aspects economic, political and security policy. There will also be an analysis of the role played by the Cold War in the development of the current international political order. This is not an Anglo-Centric course. 

Assessment: 
Coursework 1 (50%) 
Coursework 2 (50%) 

Management of Finance (Optional – 20 credits) 

This module is designed to enable students to analyse and critically evaluate financial choices using investment appraisal techniques, taking into account the cost and sources of capital and the necessity of managing the balance sheet. It will raise awareness of external considerations, such as take-over threats, interest rate movements, and currency fluctuations, which may impinge on decision making. The intention is to cover the major financial problems in such a way as to enable students to make a strategic appraisal of financial problems and to identify different courses of actions for dealing effectively with problems. 

Assessment: 
Exam (100%) 

Professional Work Experience (Optional – 20 credits) 

The aim of this module is to allow students an opportunity to undertake a substantial, significant work placement to gain experience in an organisation relevant to their Master’s Award Students should be able to transfer and apply diagnostic and creative skills, and exercise significant judgment in a range of situations through their experience in their work placement.

Assessments: 
Written Report (30%) 
Presentation (20%) 
Employers Report (30%) ​
Reflective Log (20%)

Learning & Teaching

The teaching philosophy of these programmes is to deliver wherever possible each module with a multi-disciplinary teaching team, providing a more effective framework to encourage and promote an integrated understanding of the field. The role of the module leader will be to co-ordinate, and in effect oversee the delivery of content by the modular team, ensuring that learning outcomes are met. 

Module teaching teams will be drawn from the course teaching team. This will not only enhance student learning but provide teaching staff with the opportunity to develop their own knowledge and understanding of other business and management disciplines. This approach to teaching will shape and direct content in a complementary and mutually reinforcing way, allowing for the development of multi-disciplinary assignments and projects and students could be exposed to integrated formative assessments. ​

Increasing use is being made of the “Moodle” Virtual Learning Environment and, whilst individual lecturers have individual styles, students will be expected to engage in webinars, on-line discussion forums etc. Prospective students should note that the availability of a VLE is not considered a substitute for regular attendance and in a normal week they will be expected to attend a mixture of lectures and seminars for up to 12 hours per week. Please note that is possible that teaching time is between 9.00 am and 9.00 pm. 

There is a common shared spine within these programmes which overlaps with existing Masters level programmes within Cardiff School of Management. Consequently students will, for some modules, be taught with students on the MBA, MSc Financial Management and MSc International Business Management programmes. The teaching team consider this a strength of the portfolio.

Assessment

The professional world our successful graduates are aiming to enter are seeking students that are able to conduct useful research, think critically about that research and apply to complex problems – this ,inter alia, necessitates effective use of modern ICT and the ability to utilise knowledge effectively. Particularly within this field graduates will be expected to show excellent quantitative skills. These students will be assumed to process effective two-way communication skills and be comfortable and effective in self-managed and team environments. The formative and summative assessments necessary to develop, hone and showcase these abilities are, of necessity many and varied and these programmes will expose the students to individual coursework, and presentations, group tasks, reflective logs, role-playing as well as traditional closed book examinations.

Employability & Careers

The demand for highly skilled and knowledgeable finance professionals is now more global than ever before. No longer are London and New York the only homes for large multi-national international financial businesses and institutions. These potential employers are now additionally located in the Middle and Far- East and a postgraduate student is almost as likely to find their first job in Dubai, Bahrain or Shanghai as in the traditional centres. 

This demand has been instrumental in designing this challenging suite of programmes. In order to maximise employability the programme learning outcomes are geared towards supplying students with the knowledge, skills and understanding that the finance industry requires. A key component of this is the module “Current Issues in Accounting, Economics & Finance”. 

The programmes seek to meet individual and industry needs by developing students with higher-level cognitive skills and abilities who also possess an excellent practical understanding of "how to apply" rather than just "why it happens". 

All the programmes have a 20 credit optional Professional Work Experience module which involves a minimum 4 week work placement to take place outside the teaching semesters. Students are expected to organise their own placement and all such placements must be substantive and at an appropriate level. These placements will involve “employer” input and must be approved by the Programme Director prior to commencement. Alternatively students with appropriate managerial level experience within an appropriate field can apply for “Recognition of this Prior Experiential Learning”.

The School of Management has opportunities for successful graduates to apply for M.Phil./ PhD study within the School.

Entry Requirements & How to Apply

Applicants should meet one of the following: 

  • Possess, or expect to obtain, an undergraduate degree or equivalent, in a relevant area (Accounting, Economics or Finance) with a minimum of a 2:2 classification. Students with a general Business Studies degree with a relevant pathway or substantive appropriate module coverage will be considered on a case by case basis; 
  • Have a minimum of five years relevant work experience in the field of finance; 
  • Hold a suitable professional qualification from an appropriate professional body. In some instances those with higher level professional qualifications may be exempt from specific taught modules. Such exemptions would be discussed on a case by case basis with the Programme Director.

In general terms graduates from non-financial disciplines will not normally have the pre-existing skills set to succeed on the programme BUT such students are welcome to apply and such applications will be viewed on an individual basis.

International Students: 

Students whose first language is NOT English will need to provide evidence of fluency to at least an IELTS 6.0 standard. 

Selection Procedure:

Application form and if necessary an interview.

How to Apply: 

Applications for this course should be made direct to the university via our self-service facility. For further information please visit our How to Apply pages at www.cardiffmet.ac.uk/howtoapply​.

Key Facts

Place of Study: 

Cardiff School of Management
​​Llandaff Campus Course 

Length: 

One year full-time or two years part-time. 

International Applicants: 
Before making an application, international students (those outside of the EU), should contact the International Office at Cardiff Met to discuss the necessary procedures in relation to studying with us. For further information visit www.cardiffmet.ac.uk/international. 

​Tuition Fees and Financial Support: 
For up to date information on tuition fees and the financial support that may ​be available. Please refer to www.cardiffmet.ac.uk/fees

Part-time fees:
Charges are per Single Module unless specified:
Undergraduate = 10 Credits; Postgraduate = 20 Credits

Generally we find most students will complete 60 credits per year for both Undergraduate and Postgraduate study; to obtain a true costing please clarify this by contacting the Programme Director directly. 

Postgraduate Scholarships
The university also offers a postgraduate scholarship scheme to help students whilst at university. To see if you are eligible, visit www.cardiffmet.ac.uk/scholarships​.

Contact Us

For general enquiries please contact the Admissions Team on 029 2041 6044 or email askadmissions@cardiffmet.ac.uk

For course specific enquiries, please contact the programme leader, Chris Parry: 
Email: cparry@cardiffmet.ac.uk 
Skype:​ Christopher.parry3 
Tel: +44 (0) 29 2041 6378​

Full terms and conditions in relation to accepting an offer to study at Cardiff Metropolitan University can be found by visiting www.cardiffmet.ac.uk/terms