Course Overview

Attendance
UK/EU Fees £13,500 *
International Fees £14,500 *
Alumni Discount See details
Duration 1 year

* Price per academic year

Course summary

In the aftermath of the 2007-2009 financial crisis, most organisations in finance, banking and insurance are undergoing major changes. These organisations are actively seeking postgraduates who are disciplined in these fields. Westminster Business School is one of just a handful of UK universities to offer a Master's degree in Finance, Banking and Insurance, leaving our graduates' skills sought after on the job market.

Studying the Finance, Banking and Insurance MSc will enable you to pursue a wide range of careers in the financial services industry and to study further for professional institute exams. This year-long full-time programme is designed for students who want to work in the areas of finance, financial services and banking, investment banking, retail banking, insurance, re-insurance and hedged funds as private client advisors and financial analysis both in the public and private sectors.

The course is designed to give you an essential understanding of the role and operations of the finance, banks and insurance companies. The course is delivered by highly qualified individuals with extensive research experience and strong industry links. During your studies, you will acquire essential knowledge and skills that will set the foundations for a successful career in the financial services sector, and you will gain access to our ever-growing alumni network which will support your career development following your graduation.

A highlight for many students are the field trips and social events organised throughout the course which provide an opportunity for networking with peers, alumni and industry professionals.

Students on this course benefit from free access to part of the material on the course reading list and an online subscription to Financial Times.

Course structure

The following modules are indicative of what you will study on this course. 

Download a suggested timetable for the Finance, Banking and Insurance MSc.

Core Modules

This module offers a detailed examination of the law, legal principles, regulation, compliance and supervision that applies to domestic and international banks and insurance companies. The module focuses on relevant reforms to the banking and insurance companies. The module also focuses on relevant reforms to the banking and insurance industries.

The module evaluates the role and function of domestic and global banks and their structure and operations. This is accompanied by a thorough examination of the risks that banks are exposed to, and the various ways to manage them.

The module examines the principles and practice of insurance and the operation of insurance companies in the life and non-life markets. It provides a solid understanding of all aspects of the nature and role of insurance, from basic principles through to industry practice.

This module provides you with the fundamental ideas and tools for thinking about international risk management.

You will gain an overview of fundamental topics in the field of finance, including capital structure, corporate value, cost of capital, dividend policy, financial instruments, investment and modern portfolio theory.

Develop your knowledge and competence of the research process, and the application of research methods in the area of finance, banking or insurance.

An 8,000-10,000 word dissertation in the area of finance, banking or insurance.

Option Modules

This module offers an in-depth analysis of selected specialist areas of insurance. It also offers an interactive, computer-based learning experience exploring the fundamental statistical techniques used in risk analysis and risk management

Acquire a thorough knowledge of domestic and global banks, structures and functions and gain a sound understanding of the risks that banks are exposed to, and the different techniques applied to manage them.

This module develops your theoretical understanding of financial derivatives markets. You will price and value financial derivatives from first principles and explore how financial derivative products can be used effectively in risk and investment management applications.

This module offers detailed coverage and analysis of global financial markets and institutions.

This module provides the fundamental ideas and tools for thinking about traditional income securities.

This module provides advanced ideas and applications of forecasting markets and risk modelling. These include forecasting, volatility forecasting, univariate and multivariate volatility modelling, risk measures, value at risk and advance risk modelling methods which are widely used on trading floors in the financial markets. The module includes extensive computer lab sessions to provide practical experience on using the different models on the trading floor.

This module will develop your systematic understanding of the principles underlying, and policy issues inherent in, the study of international financial reporting, with particular reference to multinational groups.

Develop your understanding of contemporary portfolio theory and investment management principles in order to actively manage a range of investment funds used by professional institutional investors and the private wealth management industry.

 

Entry Requirements

Applicants should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours or international equivalent) and demonstrate interest and motivation in the subject area. Alternative professional qualifications, with at least three years' relevant professional experience, will also be considered. Directly relevant degree disciplines include business studies, economics, geography, management, and operations research.

However, students with qualifications in other disciplines such as engineering, environmental sciences, the humanities and languages are also encouraged to apply.

Members of the Chartered Insurance Institute who hold and Advanced Diploma in Insurance or Advanced Diploma in Financial Planning get direct entry onto the programme.

If English is not your first language, you will need an IELTS score of 6.5, with a minimum score of 6 in each element

View more information about our entry requirements and the application process

Applicants should normally hold a first degree from a recognised institution (minimum Lower Second Class Honours or international equivalent) and demonstrate interest and motivation in the subject area. Alternative professional qualifications with at least three years' relevant professional experience will also be considered. Directly relevant degree disciplines include business studies, economics, geography, management, and operations research.

However, students with qualifications in other disciplines such as engineering, environmental sciences, the humanities and languages are also encouraged to apply.

Members of the Chartered Insurance Institute who hold and Advanced Diploma in Insurance or Advanced Diploma in Financial Planning get direct entry onto the programme.

If English is not your first language, you will need an IELTS score of 6.5, with a minimum score of 6 in each element.

More information

Careers

The MSc Finance, Banking and Insurance degree is perfect for students who want options in their career in that it allows students to specialise in insurance, banking and general finance. This 1-year course is designed for students who want to work in jobs such as:

  • Commercial and retail bankers
  • Investment bankers
  • Compliance officers
  • Insurance brokers
  • Fund managers
  • Private client advisors
  • Financial analysts

Students benefit from the fact that the course is practice-focused and is therefore focused on the skill-base needed in the industry. Successful and engaged students will have developed a systematic understanding of the finance, banking and insurance disciplines, using the most up-to- date material and exposure to the latest theory and research on these topics. The elective modules also give students to the ability to further specialise in their area of interest.

Students from the degree have found employment at firms such as:

  • Citibank
  • Sberbank
  • Ernst and Young
  • Willis

All students on our full-time Business Masters courses can apply to undertake the PG/MBA Internship Programme, which forms part of the Reflective Practitioner Module.

The internship allows you to test drive a career and explore one of your career interests before you complete your Postgraduate studies!

Completing an 8-12 week accredited internship helps students gain invaluable work experience. This fantastic work experience can be taken in addition to option modules. Students are responsible for finding their own internship with the support of the Business Experience Team.

To express an interest in the module, students must submit a completed application form and a copy of their updated CV. This will give students membership a dedicated website that offers exclusive access to internship vacancies, one to-one CV guidance appointments, mock interviews, employability workshops and much more.

Students can apply to London-based organisations and have the flexibility to take their internship in the summer period or alongside their studies.

Every year we receive very positive feedback from both postgraduate students and employers and expect that the internship programme will continue to remain popular amongst our students.

Find out about postgraduate internships 

Our Career Development Centre has just been shortlisted for the Best University Careers Service in the National Undergraduate Employability Awards for 2017.

With a growing network of over 3,000 employers around the world and a team of experienced careers consultants, we are here to help you succeed.

In 2015–16, we helped over 1,500 students find work placements across a range of sectors, with 250 employers attending 14 on-campus skills and careers fairs.

As a Westminster student, you’ll have access to our services throughout your studies and after you graduate.

We can help you:

  • find work placements related to your course
  • find part-time/vacation, placement and graduate jobs, including voluntary experience
  • find international opportunities to enhance your employability
  • market yourself effectively to employers
  • write better CVs and application forms
  • develop your interview and enterprise skills
  • plan your career with our careers consultants
  • meet employers and explore your career options at our employer fairs, careers presentations and networking events throughout the year

Find out more about the Career Development Centre.

Blog

Get a taste of student life at Westminster Business School.

Our blog gives you insight into student life on campus, internships and study exchanges, and more.

Read the blog

Fees and Funding

UK and EU tuition fee: £13,500 (Price per academic year)

Find out how we set our tuition fees.

Alumni discount

This course is eligible for an alumni discount. Find out if you are eligible and how to apply by visiting our Alumni discounts page.

Funding

As well as tuition fee loans, there is a range of funding available to help you fund your studies.

Find out about postgraduate student funding options.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

International tuition fee: £14,500 (Price per academic year)

Find out how we set our tuition fees.

Alumni discount

This course is eligible for an alumni discount. Find out if you are eligible and how to apply by visiting our Alumni discounts page.

Funding

Find out about funding for international students.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

Course Location

Our Marylebone Campus has benefitted from a multi-million pound refurbishment resulting in new workshops, digital studios and development of the Marylebone Library. The campus is home to the Faculty of Architecture and the Built Environment and Westminster Business School. For more details, visit our Marylebone Campus page.

Contact us

Call our dedicated team on:

+44 (0)20 7915 5511

Opening hours (GMT): 9am-5pm Monday to Friday

[email protected]

More information

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