MSc

Economics Banking and Finance

  • Level(s) of study: Postgraduate taught
  • Study mode(s): Full-time
  • Location: City Campus
  • Starting: September 2020
  • Course duration: 1 year(s)
  • Entry requirements: More information

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Our MSc Economics, Banking and Finance degree is designed to combine the analytical rigour of an Economics course with an in-depth coverage of major areas of Banking and Finance. You will systematically analyse and understand decision making in the context of economies and financial systems in a globalised world.

Economics studies the behaviour of individuals, businesses, and governments in the face of various constraints. You will learn to critically evaluate the behaviour of key players in economies and financial systems and to assess the consequences for individuals, society or the sustainability of economic and financial development. The course is distinctive in being applied in nature with a strong policy focus, particularly emphasising aspects of financial development, stability and crises as well as sustainability.

As an Economics student, you’ll have access to our unique Trading Room facility. With 12 double-screen workstations, the room gives you a simulated experience of working in the fast-moving world of shares and trading. You can access sophisticated analysis tools and data on worldwide financial markets.

Finally, in your third semester, you’ll take part in a large scale Applied Research Project. This will give you the opportunity to use your skills in a real-life setting, tailored to your individual needs and aspirations. You can choose between pursuing academic research or undertaking a consultancy-style project.

Nottingham Business School is a UK leader in financial and business education – an Economics degree from NTU gives you the foundations and opportunities to pursue a wide range of exciting careers.

What will you gain from this degree?

  • apply advanced economic knowledge, tools and techniques to resolve issues in diverse situations within economies and financial systems.
  • synthesise and critically evaluate the conduct of key players in economies and financial systems.
  • demonstrate the ability to make recommendations for organisational practice based on theoretical insights.
  • synthesise and critically evaluate a range of advanced concepts and techniques to analyse problems in banking and finance.
  • develop a critical understanding of the role of the economics, banking and finance disciplines in the global context.
  • Understand the environmental, social, governance and ethical problems that may occur in economies and financial systems and apply appropriate frameworks or professional codes to resolve such problems.

Nottingham Business School have both EQUIS and AACSB accreditation. We're also ranked in the top 95 European Business Schools in the Financial Times (FT).

What you'll study

At NBS you can create a personalised learning experience, giving you a unique Masters degree that equips you with the skills you'll need, for the career you want. Each of the modules will be delivered over a four week period, with teaching delivered in three weeks and the fourth week left clear for assessment work. This enables you to focus on one subject at a time, whilst allowing time for preparation and assessment work. Take a look at our current term dates to give you an idea of the module structures.

  • Modules

    Semester One

    Principles of Economics (20 credits)

    This module serves as a foundation for studying economics-, banking and finance-related issues. It covers key areas of micro- and macroeconomic analysis and their applications. The microeconomic part develops your understanding of how information affects the behaviour of individual players, the way they interact with each other as well as implications of policy measures for behaviour. The macroeconomic part is mainly concerned with modern approaches to business cycles and growth, including the role of monetary and fiscal policy.

    Using Quantitative Data in Economic Analysis (20 credits)

    You will learn about fundamental theoretical statistics and core econometrics used in economic theory and research and use econometric models to analyse economic data. You learn to critically evaluate and synthesise relevant specialist literature with the aim of generating testable hypotheses. You will also learn to test your hypotheses and develop effective methods of communicating and presenting your findings to an audience.

    Economics of Banking and Finance (20 credits)

    This module helps you to understand financial decision making in a dynamic world, why banks and other financial institutions exist and how they operate. You will explore theoretical and real-world related questions about the link between individual behaviour and policy actions.

    Semester Two

    Financial Systems in the Global Economy (20 credits)

    This module analyses the functioning and interplay of financial systems in a globalised environment. You will explore reasons for market failure and crises and their short and medium term implications for economic and financial activity. You will also learn to what extent policy interventions can mitigate negative consequences of market failure and financial crises.

    Financial Regulation, Supervision and Monetary Policy (20 credits)

    This module is specifically devoted to policy making in the context of Banking and Finance. You will explore the implications of different regulatory frameworks for the behaviour of key players on financial markets and the functioning of these markets. You will also learn in detail about regulatory frameworks currently in place around the globe as well as their potential to prevent market failure and financial crises.

    Optional Modules:

    Risk Management (20 credits)

    This module is designed to enable you to explore and develop an understanding of the theoretical techniques, concepts and methods employed in various types of specific financial risk and more general holistic enterprise wide risks. You'll develop analytical abilities to select and apply theory to practice through the application of relevant techniques in the context of varied situations. You will also learn to evaluate and develop a critical and reflective awareness of the importance of the application of relevant, available techniques to enhance financial risk management.

    Derivatives Markets (20 credits)

    Explore and develop your understanding of financial risk and derivative markets in terms of theory, concepts and hedging techniques. You will learn to evaluate the types of financial risks that can be hedged with derivative instruments and discuss why derivative markets provide an efficient hedging tool. You will apply hedging techniques to asset classes such as bonds and fixed income, exchange rates and equity using published market data.

    Semester Three

    In your final semester you will take on a major project, giving you a fantastic opportunity to use the theories and knowledge you've gained to produce a challenging, meaningful piece of work.

    Applied Research Project (40 credits)

    As part of this module you can choose between pursuing academic research or undertaking a consultancy-style project. Integrate your academic knowledge of economics with analytical skills to rigorously investigate a real-world problem or issue in banking and finance. The project can focus on an institutional problem or a broader policy issue. The project will include employment related tasks that are relevant to the industry. The module encourages independent learning, develops your experience using industry standard software and encourages collaborative learning through peer review.

    Ongoing Learning

    Throughout the year you will also study the following modules which will help you understand how to manage your own continuous personal and professional development (PPD).

    Professional Practice in Economics (10 credits)

    The purpose of the module is to increase understanding of how to manage your own continuous personal and professional development in order to enable sustained career success and to be an effective and transformational leader.You learn to apply tools and principles of economics to practical problems in a way that would be expected of a professional economist. Engage in economic discourse in a range of environments with an emphasis on communicating economic issues in different academic as well as professional contexts.

    Research Methods for Economists (10 credits)

    The aim of this module is to develop students as effective researchers in different contexts within the subject area of economics, with a particular focus on your independent learning skills. In addition, the module enables you to develop a suitable research project, complete the research and communicate findings.

  • Memberships

    As an MSc Economics. Banking and Finance student, you will benefit from a membership with the Society of Professional Economists. The Society of Professional Economists (SPE) is the leading organisation serving professional economists in the UK. The SPE has more than 650 members, drawn from all areas of the profession including finance and commerce, industry, government departments, private sector consultants, business schools and universities.

    By becoming a member you will gain access to a wide network of professional economists, providing an excellent means of establishing contact with other leading economists in your own field and in other areas. This network is not confined to the UK; the Society has overseas members and links with similar associations in other countries in Western Europe and in North America.

Course specification

View the full course specification
Please note that course specifications may be subject to change

NTU is ranked 12th in the Guardian University Guide 2020 - the national league table focuses on student satisfaction and graduate employment.

NTU is ranked 7th for our Economics courses in the Guardian University Guide 2020.

How you’re taught

Teaching and Learning

Nottingham Business School adopts a distinctive approach to the design of student learning opportunities. Your learning is structured around theory, practice, experience & observation, and reflection & improvement. At each level (course, module and session), you will study different theories, concepts and approaches and be given opportunities to apply these in a range of practical settings. The aim is to enhance your understanding through the direct experience of business, where you will have opportunities to observe business practices and behaviours (including your own) and analyse these using theoretical knowledge. It is our intention that by reflecting on these experiences, you will be able to use these theories to guide your actions and decisions in a business context or even consider how a theory itself might be improved. In this way, we aim to enhance the quality of your learning.

Academic Mentors

Every postgraduate student will be allocated an Academic Mentor at the beginning of the academic year and you will meet with them regularly throughout the year. Academic Mentors help you make the most of your time at NTU. They will support you in developing and enhancing the qualities and transferrable skills necessary for your studies, career progression, professional and personal development.

Assessments

A range of assessment methods are used across the course, the choice of which reflects the needs and demands of the different types of module. Some modules will assess the ability to work collaboratively in a team and others will assess individual capability. Types of assessment will range from examinations to group presentations including essays, reports, financial analyses, literature reviews and research based projects.

The interactive nature of the taught sessions offers opportunities to gain feedback on your performance before being formally assessed and increasing use is made of eLearning to further support the feedback process.

In-sessional English language support

In-sessional English language classes are offered to international students at no extra cost. The classes aim to provide focused support in the skills you need in order to develop your English in your subject area.

Further information please contact the Nottingham Language Centre based in the DICE building on City Campus:

Tel: +44 (0)115 848 6156 | Email: englishsupport@ntu.ac.uk | Website: www.ntu.ac.uk/nlc

Personalisation

We know our postgraduate students are a diverse group, with different levels of academic knowledge in their chosen area of study, different cultural and educational backgrounds, and varying levels of personal and professional skills and competencies. The motivations for undertaking postgraduate study vary, but the two main motivators, according to the Postgraduate Taught Experience Survey (2017), appear to be grouped around two main themes; ‘career progression and employment prospects’ and ‘personal interest’.

At NBS we strive to ensure that these two motivating factors are nurtured and therefore supported. Our students are encouraged to practice and develop the skills and competencies required to critically reflect on their learning, and on their ability to apply this learning to their studies and to real world complex issues within the workplace. Through a series of curricula and extra-curricular initiatives, strengthened by tailored academic mentor support, NBS provides all our postgraduate students with the ability to participate in a range of challenging and unique activities, projects, events and experiences to enable our students to succeed in a competitive and dynamic global environment.

NTU has been awarded a gold rating in the Government’s Teaching Excellence Framework (TEF) for its outstanding teaching and learning.

Careers and employability

At Nottingham Business School, we’re focused on your employability from the start of your postgraduate degree. We provide you with a learning experience that integrates theory and practice.

With its distinctive features, this course will be particularly attractive if you seek a career in Banking and Finance in the private or public sector. However, the wide range of analytical and personal skills acquired throughout the course will qualify you for a variety of other graduate roles in and outside academia such as management, consultancy or teaching.

98% of our postgraduates are in work or further study within six months of finishing their degrees (latest Destination of Leavers from Higher Education survey 2016-17).

Employability Team

We have a dedicated Employability Team who not only help you during your time with us but also following graduation, they’ll continue to support you by providing a number of services that will help kick-start your career.

Our Employability Team offer a wide range of support from one-to-one appointments with our specially trained consultants, to arranging recruitment fairs and skill building workshops.

Services they provide include:

  • Finding placements, internships and part-time work
  • Helping you to pursue self-employment
  • Advice on taking gap years and time out
  • Information and help on getting into volunteering
  • Providing advice on further study.

Visit Employability Online for CV support, application, interview and job hunting advice, career ideas and employer videos.

You can visit the Employability Team on your local campus every day during term time. They are also open outside of term time too, except on University closure days. So drop in, say hello, and get help with quick enquiries or book an appointment with a careers consultant from your school.

98% of our postgraduate students are in work or further study within six months of finishing their degrees (latest Destination of Leavers from Higher Education survey 2016/17).

The University has invested a massive £90 million in the regeneration of two Grade II listed buildings, Newton and Arkwright, at the heart of the City Campus.

Entry requirements

  • You will need an undergraduate degree equivalent to a UK undergraduate honours degree (2.2 or above) in one of the following fields: economics, business, management, finance or another social science-related subject (containing quantitative methods at level 1 as a minimum), or a quantitatively-based subject such as science, engineering or maths.
  • All applicants will be required to demonstrate a commitment to the subject they wish to study and should demonstrate how their chosen programme of study will benefit them in their future career.
  • One academic reference is required.

Applicants with non-standard entry requirements and / or relevant experience will be considered on an individual basis

To get in touch If you need any more help or information, please contact us at Ask NTU or call on +44 (0)115 848 4200.

  • You will need an undergraduate degree equivalent to a UK undergraduate honours degree (2.2 or above) in one of the following fields: economics, business, management, finance or another social science-related subject (containing quantitative methods at level 1 as a minimum), or a quantitatively-based subject such as science, engineering or maths.
  • All applicants will be required to demonstrate a commitment to the subject they wish to study and should demonstrate how their chosen programme of study will benefit them in their future career.
  • One academic reference.

We accept qualifications from schools, colleges and universities all over the world for entry onto our postgraduate degrees. If you’re not sure how your international qualification matches our course requirements please visit our international entry requirements page.

English language entry requirements

If English is not your first language you need to show us that your language skills are strong enough for intensive academic study. We usually ask for an IELTS test and we accept some alternative English language tests.

  • For 1-year Masters you'll need a 6.5 grade overall with minimum of 5.5 in each component.
  • For 2-year Masters you'll need a 6.5 grade overall with a minimum of 6.0 in speaking and listening, and 5.5 in reading and writing.

For a list of our language requirements please visit our English language page.

If you need to do a foundation or pre-Masters course to meet our course requirements please visit Nottingham Trent International College (NTIC). If you’re already studying in the UK at a school or college and would like to know if we can accept your qualification please visit our foundation and pre-Masters courses page. If you need to do a pre-sessional English language course to meet the English requirements, please visit our pre-sessional English course page.

Help and support

If you have any questions about your qualifications or about making an application to the University please contact our international team for advice.

How to apply

Ready to join us?

Click the ‘Apply’ button at the top of the page and follow these simple steps:

  1. Register as a new applicant and create an account using our Applicant Portal - don't worry you won't need to complete your application at once, you can come back to it so keep your details safe.
  2. Fill out and submit your application - make sure to check all the information such as entry requirements before submitting.
  3. Track the progress of your application – you can do this by logging into the Application Portal.
  4. Check your offer – As long as you’ve provided all the information we need, we’ll try and make a decision on your application within five to ten working days. However, this can take longer and you should allow at least three weeks for a decision.
  5. Accept your offer within four weeks - Remember that competition for places is high, and if you don’t accept your offer within four weeks it may lapse. After eight weeks it will be automatically withdrawn.
  6. Meet the conditions of your offer (if you have any) - Upload all the documents required to meet the conditions of your offer using the My Documents section of the Applicant Portal.

Don’t worry if you’re waiting for results – we recommend applying now, and then adding them to your Application Portal once they arrive.

If you need some help in writing your application you can view our handy tips.

Good luck with your application!

Please read our notes on the University's commitment to delivering the educational services advertised.

Ready to join us?

Click the ‘Apply’ button at the top of the page and follow these simple steps:

  1. Register as a new applicant and create an account using our Applicant Portal - don't worry you won't need to complete your application at once, you can come back to it so keep your details safe.
  2. Fill out and submit your application - make sure to check all the information such as entry requirements before submitting.
  3. Track the progress of your application – you can do this by logging into the Application Portal.
  4. Check your offer – As long as you’ve provided all the information we need, we’ll try and make a decision on your application within five to ten working days. However, this can take longer and you should allow at least three weeks for a decision.
  5. Accept your offer within four weeks - Remember that competition for places is high, and if you don’t accept your offer within four weeks it may lapse. After eight weeks it will be automatically withdrawn.
  6. Meet the conditions of your offer (if you have any) - Upload all the documents required to meet the conditions of your offer using the My Documents section of the Applicant Portal.

Don’t worry if you’re waiting for results – we recommend applying now, and then adding them to your Application Portal once they arrive.

If you need some help in writing your application you can view our handy tips.

For advice on applying for a visa please visit our visa information page.

Good luck with your application!

Please read our notes on the University's commitment to delivering the educational services advertised.

If you would like more information about our courses, fees and funding or the application process please contact us at Ask NTU or call +44 (0)115 848 4460.

Fees and funding

Home / EU fees for 2020 entry

Study route

Home / EU fees

One year (full-time)

£9,750

*Please note that if you are considering a course that runs over more than one year, the tuition fee stated is for the first year of study. The course fee for the second year may be subject to annual review.

Funding your studies

Preparing for the financial side of student life is important, but there’s no need to feel anxious and confused about it. We hope that our fees and living costs page or our funding page will answer all your questions.

Postgraduate loans

The government introduced a new postgraduate loan scheme for Master degrees. The loan will be a contribution towards the costs of study and it will be at the student's discretion to use the loan towards fees, maintenance costs or other costs. Find out more on our postgraduate loans page.

Scholarships

You might be able to get a scholarship to help fund your studies. We award scholarships to those students who can demonstrate excellent achievement, passion and dedication to their studies.

Alumni Discount

We’re happy to be able to offer a 20% alumni discount to most current NTU students and recent NTU alumni. This discount is currently available for those starting an eligible postgraduate taught, postgraduate research or professional course.

Getting in touch

For more advice and guidance, you can contact our Student Financial Support Service on Tel: +44 (0)115 848 2494 or for Scholarship help please contact us on Tel: +44 (0)115 848 4460.

International fees for 2020 entry

Study route

International fees

One year (full-time)

£16,400

*Please note that if you are considering a course that runs over more than one year, the tuition fee stated is for the first year of study.

When and how to pay your fees

For advice and guidance on making secure international payments to the University please visit our international fees page.

Scholarships

If you’re an international student holding an offer to study with us, you can apply for one of our international scholarships. Please visit our international scholarships page for details.

You’ll also find information about EU tuition fee loans and external scholarships to study in the UK on these pages.

Alumni Discount

We’re happy to be able to offer a 20% alumni discount to most current NTU students and recent NTU alumni. This discount is currently available for those starting an eligible postgraduate taught, postgraduate research or professional course.

Advice and guidance

If you have any questions about international fees, scholarships and other funding please contact the International Development Office at international@ntu.ac.uk or + 44 (0) 115 848 8175.

Still need help?

Nottingham Business School enquiries
+44 (0)115 848 4460