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Nottingham Business School postgraduate Finance students present consultancy work to the Bank of England

Five students studying MSc Finance suite courses took part in the project.

Bank of England image

MSc Finance student Quoc Anh Do and MSc Finance and Investment Banking students Flavie Jeunehomme, Maina Kameta, Tommaso Trognacara, and Mira Vulpoiu have recently completed this consultancy project as part of their courses. They were supervised by Dr Vangelis Tsiligkiris as well as representatives from the Bank of England.

The group first met with the Bank of England in May, who assigned the team with a brief to explore the overall accumulated levels of deferred remuneration for the very top executives as of today in the largest UK banks and how these amounts are likely to influence managerial decision-making.

The project consisted of the development of a database as well as a research report including an analysis of the trends of this data and an evaluation on how this would influence decision making. The students analysed financial data across a period of 14 years (2005-2019) for the five UK major banks: Barclays, HSBC, RBS, Lloyds Banking Group and Standard Charted Bank. The research included the use of Value at Risk (VaR) to measure the level of financial risk exposure within the banks, and the Return on Risk-Weighted Assets (RoRWA) to measure the profit or loss before tax per unit of risk for the banks.

In September, the group were invited to a virtual workshop with the Bank of England, where students from across the UK presented their work. This exciting opportunity to work with the Bank of England allowed the students to make connections with industry professionals, as well as other students from around the UK.

The work the students completed will provide a significant contribution to the data depository of the Bank of England, supporting further research and policy development. The students demonstrated their team working, analytical and problem solving skills in a project that will inform their future career path and prepare them for employment.

MSc Finance student Quoc Anh Do commented: “My teammates are so nice and I feel like we’ve been a team from the beginning. My team can be described by millions of words, but let me use these three: responsible, talented and enthusiastic. It’s been an honor to do this work for the Bank of England.”

Maina Kameta, MSc Finance and Investment Banking student added: "This was a great learning experience. It gave me an opportunity to practically apply the different analytical and statistical skills that I gained throughout my study at Nottingham Trent University. l learned a lot about the operations of the Bank of England and its set of regulations regarding remunerations for bank executives. As a central banker in Malawi, this is an area of great interest that I would love to explore further in a local context."

Course leader of the MSc Finance suite and supervisor of this project Dr Vangelis Tsiligkiris commented on the value of the postgraduate consultancy projects. He told us: “This is a great example of the value adding experiential learning opportunities that constitute an inseparable component of the Nottingham Business School teaching and learning model. The ability of our students to engage with organisations like the Bank of England and work on real-world projects gives them unique insights that strengthen their employability prospects.”

Published on 25 September 2020
  • Category: Business; Current students; Nottingham Business School