The MSc in Money, Banking and Finance covers money and banking, international finance, monetary policy and financial intermediation while also developing analytical skills and competence with empirical methods, preparing students for a professional career in international banking and finance.
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 Money, Banking and Finance (MSc) page. Information about all programmes from previous years of entry can be found in the archive.
One year full time
A strong 2.1 Honours degree from a recognised UK university in a subject covering:
If your background is exclusively in accounting, business administration, marketing, law or international relations, you are unlikely to be qualified to undertake this programme, and we suggest you look at other programmes offered by the University.
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
Find out about scholarships and funding.
Applications are accepted until shortly before teaching starts in September. Applicants should apply as early as possible to be eligible for certain scholarships and for international visa purposes.
For more guidance, see supporting documents and references for postgraduate taught programmes.
The MSc in Money, Banking and Finance is a one-year taught postgraduate programme run by the University of St Andrews' School of Economics and Finance.
The programme consists of traditional lectures, tutorials, seminars and computer labs in small groups of students, plus a 15,000-word dissertation in an area of your choice. Courses are assessed both continuously and with end-of-semester exams.
Every MSc student is assigned an adviser at the beginning of the year. Your adviser will provide you with individual guidance on essay planning and writing, module choice, dissertation topics and academic conduct.
Each module typically comprises:
For more details about 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.
All students taking the Money, Banking and Finance MSc must take three compulsory modules in the first semester. These are:
In the second semester, students take two compulsory modules and are able to choose one optional module from a selection of topics. The compulsory modules are:
In your second semester, you will have the opportunity to choose one module from a selection of topics. The topics, and therefore module titles, vary year on year as they reflect research interests of our staff; in addition, optional modules require a minimum number of participants to be offered (see the University’s position on curriculum development). Examples currently include:
Students may take optional modules from the Economics MSc programme with the prior permission of the programme director.
The final element of the MSc is a 15,000-word dissertation. The dissertation should be in an area of money, banking and finance that you are interested in, chosen in discussion with your supervisor who will support you through the process.
You will receive training in framing a hypothesis, conducting bibliographic research, writing a literature survey, and structuring a dissertation in Semester 1.
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.
There are several funding options for postgraduate students.
Recent Graduate Discount
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.
Career destinations for Money, Banking and Finance graduates include:
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.
School of Economics and Finance
University of St Andrews
Castlecliffe
The Scores
St Andrews
KY16 9AR
Phone: +44 (0)1334 46 2439
Email: pgsececon@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.