The Masters in Banking and Finance (MSc) provides students with a solid preparation for further academic-oriented research in banking and finance as well as the skills needed for a wide range of careers in the financial industry.
Postgraduate; leading to a Master of Science (MSc)
If you started this programme in 2017, you can find information about 2017 entry on the 2017 Banking and Finance page. Information about all programmes from previous years of entry can be found in our archive.
One year (12 months) full time
A good 2.1 undergraduate Honours degree in a closely related discipline such as finance, accounting and economics from the UK or the equivalent international qualification. Applicants with business experience are welcome, and we will take work experience into account when evaluating applications.
If you studied your first degree outside the UK, see the international entry requirements.
English language proficiency. See English language tests and qualifications.
The qualifications listed are indicative minimum requirements for entry. Some academic Schools will ask applicants to achieve significantly higher marks than the minimum. Obtaining the listed entry requirements will not guarantee you a place, as the University considers all aspects of every application including, where applicable, the writing sample, personal statement, and supporting documents.
UK and EU: £10,360
Overseas: £20,980
Applications are accepted on a rolling basis and admission to this programme will close once the programme is full. Applicants should apply as early as possible to be eligible for certain scholarships and for international visa purposes and to ensure their application is submitted before the programme is full.
For more guidance, see supporting documents and references for postgraduate taught programmes.
The Masters in Banking and Finance is a one-year taught programme run by the School of Management.
The taught elements of the programme are delivered through a mixture of core and optional modules, using a range of delivery methods including lectures, small group tutorials, workshops and seminars. The average lecture size is 30 students, but in some cases there will be seminars of 15 to 18 students or larger lectures with up to 100 students, which would normally be augmented by small group tutorials.
Assessment comprises a combination of coursework and examinations. From June to August, students undertake a research project culminating in a written dissertation of 15,000 words. You will attend a weekly series of lectures and workshops focusing on research methods and other topics to help prepare you for the dissertation.
The Masters in Banking and Finance is run by the School of Management. Find out more about the School of Management.
The modules in this programme have varying methods of delivery and assessment. Typically, each module consists of three to five contact hours per week including lectures, seminars and tutorials. Assessment is either entirely by coursework or through a combination of coursework (50%) and a two-hour end-of-semester examination (50%).
For more details of each module, including weekly contact hours, teaching methods and assessment, please see the latest module catalogue which is for the 2017–2018 academic year; some elements may be subject to change for 2018 entry.
Students choose two optional modules, taking one in each semester.
Optional modules are subject to change each year, and some may only allow limited numbers of students (see the University’s position on curriculum development).
Students attend lectures throughout Semesters 1 and 2 to prepare them for conducting the research portion of the dissertation. The dissertation is normally on a specific area of Banking and Finance, however at the School of Management, you will have the freedom to develop a topic of your own, which is of interest to you and will contribute towards career development or further study goals.
You will be assigned a supervisor based on your research proposal submitted in the second semester. Students will then research and write a 15,000-word dissertation over the summer to be submitted on a date specified in August.
If students choose not to complete the dissertation requirement for their Masters degree (MSc), there are exit awards available that allow suitably qualified candidates to receive a Postgraduate Diploma. By choosing an exit award, you will finish your degree at the end of the second semester of study and receive a PGDip instead of a MSc.
The modules listed here are indicative, and there is no guarantee they will run for 2018 entry. Take a look at the most up-to-date modules in the module catalogue.
The School of Management organises activities and builds relationships around the concept of responsible enterprise.
Responsible enterprise informs teaching and research about:
Accountability, governance, sustainability and ethics are key to the understanding of and engagement with a wide variety of organisations – private, public and social.
The School of Management has won major grants to undertake research and develop research centres. The research findings are reported in top international journals, which means the School is influential in shaping policy and practice.
The School’s world-class research makes a significant contribution to teaching at St Andrews. School staff work as a supportive community to ensure that students think and engage critically with subject matter, both practical and theoretical, developing their abilities and their skills in analysis, synthesis, evaluation and application.
Alumni from the Banking and Finance programme and more generally from other Masters programmes in the School of Management have secured employment in the fields of general management, marketing and brand management, accountancy, investment analysis, fund administration and other aspects of the financial services industry.
Graduates from the Masters in Banking and Finance have taken up roles in a wide variety of organisations in the public and private sector including:
The Masters Extra (MX) programme is designed specifically for taught masters students in the School of Management and focusses on careers and personal/professional development. This series of talks, workshops, networking opportunities and activities includes guest lectures from leading academics and experienced managers. Participants earn a Certificate in Career Development through regular attendance.
The Careers Centre offers one-to-one advice to all students on a taught postgraduate course and offers a programme of events to assist students to build their employability skills.
The School of Management hosts events and guest lectures beginning in Orientation Week and throughout the year, providing students and staff with opportunities to socialise, and to engage with visiting scholars, professionals and practitioners.
The Management Society, a student-led organisation, hosts a broad range of activities, both subject related and social. The University also has a number of other student societies relating to the management discipline.
International Scholarships Scheme
Scholarships for international students studying selected Masters courses in the School of Management.
Jane M Klausman Women in Business Scholarship
For women pursuing a business or business-related degree.
Recent Graduate Discount
In an initiative designed to recognise the loyalty of our students, the University of St Andrews offers a 10% discount in postgraduate tuition fees to students who are eligible to graduate or who have graduated from St Andrews within the last three academic years and are starting a postgraduate programme with the University of St Andrews.
Many of our graduates continue their education by enrolling in PhD programmes at St Andrews or elsewhere.
ESRC Scottish Graduate School of Social Science
Fully funded awards for PhD students in the School of Management.
Management PhD studentships
The School of Management often offers PhD studentships comprising a stipend at RCUK level and a fee waiver at home/EU level.
School of Management
University of St Andrews
The Gateway
North Haugh
St Andrews
KY16 9RJ
Phone: +44 (0)1334 46 2200
Email: pgmanagement@st-andrews.ac.uk
Admission to the University of St Andrews is governed by our Admissions policy.
As a research intensive institution, the University ensures that its teaching references the research interests of its staff, which may change from time to time. As a result, programmes are regularly reviewed with the aim of enhancing students' learning experience. Our approach to course revision is described online. (PDF, 72 KB).
The University will clarify compulsory fees and charges it requires any student to pay at the time of offer. The offer will also clarify conditions for any variation of fees. The University’s approach to fee setting is described online. (PDF, 84 KB).
St Andrews has two postgraduate prospectuses - one for taught courses and one for research programmes. Both prospectuses are available for you to view and download.