Banking and Finance BSc Honours | Middlesex University London
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Banking and Finance BSc Honours

Learn about the course below
Code
N390
Start
October 2018
EU/International induction: September 2018
Duration
3 years full-time
4 years full-time with placement
6 years part-time
Attendance
Full-time
Part-time
Fees
£9,250 (UK/EU) *
£12,500 (INT) *
Course leader
Sylvia Gottschalk

The finance sector is essential to a successful global economy, and currently employs over 2 million people across banking, insurance and accountancy services. You will study within our flourishing Business School in the heart of London.

Why study BSc Banking and Finance at Middlesex University?

Our course is tailored towards students wishing to forge careers in the financial sector. You will build specialist economic knowledge of the operations, strategy and regulatory functions of finance and banking institutions, prepared to pursue a management career within a financial institution. There is no better city to study finance. London remains, alongside New York and Tokyo, a powerhouse of international banking.

Work placements are an invaluable opportunity to gain employability skills so we have introduced two options by which you can integrate into your time at Middlesex. Those who wish to do a placement can take either a 36 week sandwich placement in Year 3 as part of a 4 year degree or two 18 week summer placements allowing you to complete your degree within 3 years.

Course highlights

  • You will have access to the latest Bloomberg and Datastream finance software in our Financial Markets Lab
  • You can spend one year studying abroad as part of the course by becoming part of the EU Erasmus programme - this can also include a contribution to your tuition fees

What will you study on the BSc Banking and Finance?

This course provides an advanced financial education which covers both microeconomic and macroeconomic theory and policy. You will learn quantitative research and computing methods essential for economics and finance. As part of your studies you will also cover:

  • Modern financial institutions and markets
  • Modern banking systems and monetary theory and policy
  • Finance theory and risk management in banking

What will you gain?

You will graduate with the confidence to present and discuss economic argument using verbal, graphical, mathematical and statistical language. Prepared with the skills to research and disseminate economic and financial data: to support arguments and draw conclusions. You will also become confident in analysing and interpreting economic and financial information and be able to demonstrate a critical evaluation of economic issues relevant to banking and finance.

Modules

  • Year 1

    • Financial Accounting (30 credits) - Compulsory

      This module is an introduction to bookkeeping and financial accounting. Its main aim is to provide you with the basic techniques and skills required in order to record transactions by the method known in accounting as double entry and then prepare a set of single company accounts based on those records. You will also start to be able to interpret the accounts prepared by others.

    • Quantitative Methods for Finance (30 credits) - Compulsory

      This module provides a thorough grounding of the basic statistical methods and computer software for the analysis and presentation of accounting and economic data. It caters for those with some prior mathematical knowledge, and while you are expected to complete mathematical calculations by hand and using a computer, the emphasis is on the interpretation and communication of quantitative results.

    • Financial Markets and Institutions (30 credits) - Compulsory

      This module aims to present an overview of key financial markets and institutions to prepare you for more advanced and specialist studies in Year 2 and 3. The module adopts both a quantitative and qualitative approach to explaining the functioning and importance of financial markets and institutions supported by real world examples.

    • Decision Theory (30 credits) - Compulsory

      The purpose of this module is to introduce economic and financial decision theory. We start with consumer choice and production decisions without risk or uncertainty. We then extend this theory to investment and financial decisions made under risk, uncertainty or incomplete information. This module presents and contrasts classical and alternative decision theories and discuss how these alternative theories can better explain various puzzling phenomena in financial markets.

  • Year 2

    • Banking Theory and Practice (30 credits) - Compulsory

      This module aims to build your knowledge of banking as preparation for more advanced study. It approaches banking from an economic perspective with an aim to explore the complexity and integrated nature of financial systems with emphasis on the UK, identify and assess different systems of allocating funds for economic development, develop your ability to apply introductory risk management tools and techniques in banking, and investigate emerging issues and contemporary trends in banking theory and practice.

    • Securities and Derivatives (30 credits) - Compulsory

      The aim of this module is to develop an understanding of securities and derivative products. The module will focus in particular on the rationale, mechanics and risk/rewards for investors in fixed income instruments, equities, options, futures and forwards, interest rate and exchange rate swaps, commodities and energy derivatives. A practical understanding of the pricing mechanics of fixed income securities and derivative instruments will be developed. The module will also cover the applications of derivative instruments in hedging and investment. A strong emphasis on the structural and regulatory characteristics of each financial instrument and their respective markets will be placed. The module will incorporate the Bloomberg Financial Database in teaching the concepts, valuation principles and application of financial derivative products.

    • Developing Employability through Work Placement and Work Placement Project (60 credits) - Optional

      The primary aim of these work experience modules is to provide you with flexibility to undertake a period of work experience without having to take an extra year of study. This is achieved by integrating your learning at work with your studies. You will attain a sandwich degree within three rather than four years.

      In the first year of study you will be required to record and reflect upon your learning at work and in the second year to reflect on how you have developed and built on your learning from the previous year as well as complete a report on the organisation you worked for. The modules will therefore support you to reflect on your own development, integrate theory and practice, develop your commercial awareness and thus enhance your personal and professional development.

    • Business Communication Spanish (30 credits) - Optional

      This module aims to build upon and extend your ability to read, write, listen and speak Spanish in business contexts and to promote an understanding of Hispanic culture in general and in the business world. You will analyse the main types of business communications to appreciate relevant specialised vocabularies and underlying cultural assumptions.

    • Financial Mathematics (30 credits) - Compulsory

      This module explores the mathematics that underlies financial processes and financial decision making, and complements the study of these areas in economics and accounting. Specific areas include probability, extending interest ideas to annuities and bonds, modelling financial data using time series models and Markov chains, applying discrete methods for option pricing, and using utility to make decisions in risky environments.

    • Behavioural Finance (30 credits) - Optional

      The purpose of this module is to introduce non-classical financial decision theory. Classical decision theory assumes that investors are rational and take rational decision. However, there is ample evidence that investors do not behave according to the classical theory and often exhibit irrational or extreme behaviour. This module presents and contrasts classical and alternative decision theories and discuss how these alternative theories can better explain various puzzling phenomena in financial markets that cannot be explained by traditional theories. The module will provide a solid foundation in this new field in finance, allowing you to critically evaluate traditional financial theories, and to better understand the functioning of financial markets.

    • Applied Financial Accounting (30 Credits) - Optional

      This module aims to develop knowledge of financial accounting techniques and practices by introducing issues which involve more than one possible accounting treatment and examine the impact of international regulatory frameworks. Students are encouraged to adopt a critical attitude to the quality of corporate reporting, particularly in areas of non-mandatory narrative disclosures such as corporate social responsibility and governance.

  • Year 3

    • Financial Risk Management in Banking (30 credits) - Compulsory

      This module aims to allow students to develop an understanding of the process of financial risk management in banking, including financial markets and instruments, derivatives, various bank risks and their management, financial crisis and securitization, regulations, and the effect of accounting standards. This module provides students the opportunity to develop risk modelling skills, analytical and numerical skills in banking risk management practice.

    • Investment Analysis (30 credits) - Compulsory

      The module aims to equip students with knowledge sufficient in depth to critically engage with modern investment theory and practice. It incorporates a study of portfolio theory as the basis for contextualising challenges in investment decision-making, especially those related to asset price determination, understanding risks, asset management practice, the merits of rival investment philosophies, financial market liquidity and information disclosure. It investigates how these challenges drive institutional, product, regulatory and technological innovation in financial markets.

    • Monetary Policy (30 credits) - Optional

      This module builds on the material covered in Banking Theory Practice and you are strongly advised to have taken and passed this module before attempting this one. A sound grasp of macroeconomics is also desirable. The module aims to provide you with an understanding of money, monetary standards and the monetary sector. You will gain an understanding of the evolution of monetary and banking economic theory and the seminal controversies since Hume and Bagehot along with the ability to apply monetary theory to public policy in a domestic and international context. You will investigate emerging and current issues of monetary policy and banking, analyse public policy and safety of the financial system, and develop specialist knowledge suitable for further development via postgraduate study or professional employment.

    • Applied Financial Econometrics (15 credits) - Optional

      The module aims to provide students with a working knowledge of econometrics techniques applied to financial and investment analysis. Students will be able to address the problems arising from data collection and analysis and the importance of empirical work in different fields of finance. Expertise will be acquired in the use of appropriate computational software packages (e.g. Stata or Gretl); the skills needed to communicate the results of empirical work in economics, and to critically evaluate results, projections and forecasts in academic work and public policy.

    • Ethics and Sustainability (15 credits) - Optional

      The aim of this module is to provide participants with the critical tools and mindset to analyse and identify responses to modern ethical business challenges. Students would be sensitised to different ways of thinking, learning from debating and collaborating with their peers from different cultural backgrounds so as to build their methodological, analytical and communication skills.

    • Business Start-up (30 credits) - Optional

      The aim of this module is to introduce to students the complexities of starting a business. It draws together a range of theories, concepts and notions from a number of sources such as Finance, Marketing and Strategy. In particular, the module facilitates the development of a unique business plan in which students will learn, practice and apply the necessary academic and practical knowledge and skill sets, including team working, required for the establishment of a new business, as well as an understanding of the complexities relating to the functioning of a small business.

    • Business Statistics (30 credits) - Optional

      This module continues to explore the ideas and techniques introduced in Financial mathematics module, extending discrete ideas to the continuous case with applications to distributions, time series and forecasting models, and option pricing. The module uses eigenvalue methods to analyse Markov chains, introduces integration, covers the estimation of model parameters from financial data, and explores the use of game theory to make business decisions.

    • Global Business Spanish (30 credits) - Optional

      This module reviews, builds upon and extends your existing language skills in reading, writing, listening and speaking Spanish in business contexts to the advanced level. Through this module, you acquire advanced linguistic and cultural knowledge required for business communication in a global environment. It also enhances your awareness of international business and trade issues in the Spanish-speaking world, and how it fits into the global economy today.

    • International Finance (30 credits) - Optional

      This module aims to provide you with the theories of exchange rate and balance of payments, and the skills of managing international financial assets and exchange rate risks in a global environment. You will have the opportunity to study the operations of the world capital markets, grasp the principles essential to understanding of global financial issues and policies, and apply tools to effectively evaluate international risk in order to succeed in international financial environment.

    • Work Internship (30 credits) - Optional

      The primary aim of the internship module is to provide you with the opportunity to undertake a period of work experience for a minimum of 30 days. This will facilitate you to gain an insight into the world of work and appropriate conduct at work, and the process of becoming and staying employable through assertiveness, continuing development and reflection on both your development and the link between theory and practice. You will also develop an understanding of the organisation, sector and the environment in which it operates.

    • Work Experience Project (30 credits) - Optional

      The primary aim of these work experience modules is to provide you with flexibility to undertake a period of work experience without having to take an extra year of study. This is achieved by integrating your learning at work with your studies. You will attain a sandwich degree within three rather than four years.

      In the first year of study you will be required to record and reflect upon your learning at work and in the second year to reflect on how you have developed and built on your learning from the previous year as well as complete a report on the organisation you worked for. The modules will therefore support you to reflect on your own development, integrate theory and practice, develop your commercial awareness and thus enhance your personal and professional development.

You can find more information about this course in the programme specification. Module and programme information is indicative and may be subject to change.

  1. Overview
  2. Teaching and learning
  3. Assessment and feedback
  1. UK & EU
  2. International
  3. How to apply
  1. UK & EU
  2. International

How can the BSc Banking and Finance support your career?

You will graduate primed with the professional knowledge and skills for a career in the banking and finance sector, and be well prepared for postgraduate study. The finance industry offers a wealth of career options for determined graduates within areas such as banks and building societies, insurance, accountancy within either audit, tax or an accountancy business, or managing investment and pension funds. The roles are just as varied and can include Trainee Accountant, Claims Negotiator, Self Ledger Clerk, Finance Secretary and also Sales.

Previous graduates have gone on to work in a wide range of roles in prestigious organisations including:

  • Bensons Accountants
  • Tradewise
  • London Eye
  • South Sudan Women’s Skills Development
  • Honda

Additionally, you could go on to further study on courses such as ­­­­­­­­­­­­MSc Banking & Finance.

Dr Sylvia Gottschalk
Director of Finance Programmes/Senior Lecturer

Teaching interests: Financial Economics; Microeconomics; Financial Data Analysis

Research interests: Empirical Finance; Financial Econometrics; Financial Economics

Alison Broughton
Lecturer

Teaching interests: Management Accounting, Issues in Financial Accounting

Research interests: Education and use of learning technologies

Alison is a Chartered Management Accountant CIMA and has connections with professional accounting bodies and employability. Prior to joining Middlesex University, Alison worked at HSBC, Mitsubishi Trust and Banking Corporation and Lendlease. She is interested in the development of online technologies and applying these into Higher Education.

Ellie Franklin
Senior Lecturer

Teaching interests: Financial Accounting, Audit, Entrepreneurial Finance

Research interests: Accounting Education, Technology in Education, Accounting History

Ellie is a Middlesex University alumna. She trained and qualified as a Chartered Accountant with Deloitte gaining experience of a diverse range of clients in the banking and finance industry. She is heavily involved with the activities of the British Accounting and Finance Association – Accounting Education Special Interest Group.

Angeli Arora
Senior Lecturer

Teaching interests: Financial Accounting and Corporate Finance

Angeli is ACA qualified and holds a BA in Accounting from the University of Dundee. She was the Finance Director at BD London, an advertising and marketing agency, and at Earls Court and Olympia exhibition venues prior to joining Middlesex University.

Kooi See Yeap
Senior Lecturer

Teaching interests: Financial Accounting; Managerial Finance

Research interests: Financial Reporting; Audit Quality; Corporate Governance

Kooi See has extensive accounting experience in public accounting firm prior to joining the teaching profession. She has taught in Malaysia, United Arab Emirates and Vietnam.

Vinita Mithani
Lecturer

Teaching interest: Financial Aspects of Business

Vinita is a chartered accountant and has over fifteen years' experience in Practice. She was previously a senior manager in a City firm of accountants. She is now Head of Finance in a commercial organisation, and a part-time lecturer at the University. She strives to bring her practical experience into her teaching to make the subject real and relevant to her students.

Tony Kilmister
Senior Lecturer

Tony has many years of teaching finance at London South Bank University, Coventry University and, now, Middlesex University. His teaching portfolio extends across corporate finance, investment analysis, financial markets and financial risk management. Tony’s produced teaching material for the Institute of Chartered Secretaries and Administrators (ICSA) and is currently the coordinator for an ICSA module in Portfolio Management. His interests lie in the evolution of investment management, financial markets and risk assessment practices.

  • Ana Starciuc

    Banking and Fiance BA student

    The course is complex, stimulating, challenging, exciting but at the same time rewarding. I'm particularly proud of my HRM report that analyses the internal and external environment of an organisation and finds solutions to its problems and my Applied Econometrics project that estimates the probability of default of a firm.

    In the future, I'm planning to do a masters degree in Finance and Investments and becoming a professional in the banking sector. My time at Middlesex has given me considerable help to achieve my ambitions.

Other courses

Accounting and Finance BA Honours

Start: October 2018, EU/International induction: September 2018

Duration: 3 years full-time, 4 years full-time with placement, 6 years part-time

Code: N420

Business Management (Finance) BA Honours

Start: October 2018

Duration: 3 years full-time, 4 years full-time with placement, Usually 5 years part-time

Code: N302

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