MSc Banking and Finance

Introduction to the Programme

The MSc Banking and Finance degree is taught within Middlesex University’s Business School where we deliver high-quality teaching and research, and provide a supportive learning environment, helping students to achieve excellent academic results.

With immense power to affect organisations, economics and the day-to-day lives of everyday people, our banks and financial systems play a vital role in maintaining stability throughout the world. A career in this sector is filled with exciting and important challenges to right the wrongs of the recession and develop new innovative ways to do business.

Why Study MSc Banking and Finance at Middlesex University Dubai?

This programme features the advanced learning which is needed to embark on a stimulating career in the financial sector, with an emphasis on international systems, banking institutions and securities markets to provide a relevant and contemporary edge in today’s competitive jobs market. Students can expect to not only learn the advanced concepts behind banking and finance but the practical ways in which they can use their knowledge within their profession.

Mode of Study Options: It is expected that by September 2021 we will have In-person classes and these could be supported by an online element. It is too early to commit to a 100% Online at present as it will depend on the Health & Safety situation and KHDA permissions. We can say at present that if the Health & Safety situation warrants it there could be a 100% online along with in-person classes.

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FRM Academic Partner with the Global Association of Risk Professionals (GARP)

GARP

Middlesex University Dubai’s MSc Banking and Finance has been awarded the status of FRM Academic Partner with the Global Association of Risk Professionals (GARP). GARP is the world’s leading professional organisation for risk managers and sets the global standard in professional certification with the Financial Risk Manager (FRM) certification. The FRM programme is rigorous and well respected across the globe. By demonstrating expertise and commitment to better risk management practices, certified FRMs stand apart in their respective organisations.

Risk management is one of the most dynamic fields in financial services and by aligning the curriculum with GARP, students can undertake two GARP examinations to achieve the professional FRM (Financial Risk Manager) certification. This shows employers that the candidate is will prepared to succeed in this challenging field.

GARP’s Academic Partner institutions represent the best in financial education around the world. In addition to being recognised as an academic partner, GARP will provide six students and one faculty member with scholarship towards the FRM Part I exam, along with many other benefits.

The Financial Modeling Institute

Middlesex University Dubai is an Academic Partner of the The Financial Modeling Institute (FMI). FMI is dedicated to excellence in Financial Modeling and globally recognized certifications and conducts rigorous financial modeling exams that truly test the proficiency of a candidate’s financial modeling skills.

Students of Middlesex University Dubai can benefit from a 40% discount towards certification for Level 1: Advanced Financial Modeler (AFM). Students have the opportunity to attend networking and webinar events.

FMI certifications are a gateway to becoming a member of a global network of financial modeling leaders who have demonstrated mastery of real-world, applied financial modeling expertise. The FMI certifications are ideal for all finance, accounting, investment, insurance, and other business professionals.

Programme Content

The MSc Banking and Finance programme will offer both full time and part time study modes, with the latter being run over 2 years. The programme will consist of six core modules, two optional modules and a dissertation. One taught modules will be worth 30 credits and be taught over the full academic year while the other five will be 15 credits and taught on a term only basis. The two optional modules will be worth 15 credits each while the dissertation will carry 60 credits. Yearlong modules will provide students with more time to assimilate the subject matter in each module. This will help students, particularly, in those modules with a large quantitative content.

Module and programme information is indicative and may be subject to change.

- Research Methods and Dissertation (60 Credits) - Compulsory
  
  The module provides you with the opportunity to select your own specialised research topic in the area of financial management. You will be expected to apply relevant theoretical frameworks, the existing seminal and the most up-to-date scholarly literature together with the relevant research methodologies and methods whilst conducting your research. You will be required to independently plan, organise, and coherently produce a limited but a well-researched work.
- Applied Corporate Finance (15 Credits) - Compulsory
  
  The aim of this module is to develop an understanding of the major issues in corporate finance. In particular it develops the student s ability to analyse corporate finance issues; apply finance theories to deal with practical issues in corporate finance; and investigate emerging issues and contemporary trends in the field.
- International Risk Management (15 Credits) - Compulsory
  
  The aim of this module is to develop in students an advanced understanding of the theory and practice of financial risk management, and provide students the opportunity to develop risk modeling skills, analytical and numerical skills in banking risk management practice. Based on recent theoretical and empirical developments, the module rigorously examines the framework in which financial and non-financial firms make their financial risk management decisions with an emphasis on firms operating in an international environment. The module will incorporate the financial database in the teaching of the principles of financial risk management.
- International Financial Regulation (15 Credits) - Compulsory
  
  This module aims to allow students to develop an understanding of the process of financial risk regulation in domestic and international banking. This module provides students the opportunity to develop skills in banking risk management practice, including knowledge of financial instruments used by financial institutions to manage credit, operational, and market risk. The module will place an strong emphasis on the knowledge of existing international regulatory frameworks, such as the Basel Capital Accords, the European Capital Directives, along with the impacts of international financial regulation on emerging markets will be analysed and the effect of accounting standards.
- International Financial Markets (15 Credits) - Compulsory
  
  The general aim of this module is to develop in students an advanced understanding of financial derivative products. More specifically, the module aims to provide students with an understanding of the pricing mechanics of financial derivative instruments and an understanding of the applications of financial derivative instruments in hedging, arbitrage and speculation. The module will incorporate the financial databases in teaching the concepts, valuation principles and application of financial derivative products.
- Applied Econometrics (15 Credits) - Compulsory
  
  This module aims to equip students with theoretical concepts and applications of modern applied econometrics. Students will acquire an understanding of the empirical techniques commonly used in economic research; the problems of data collection and analysis and the importance of empirical work in different fields of economic practice and policy. Expertise will be developed in the use of appropriate computational software packages Stata. Students will also learn to use specialist databases. The skills needed to communicate the results of empirical work in finance and economics, and to critically evaluate results, projections and forecasts in academic work and public policy.
- Banking and Financial Institutions (30 Credits) - Compulsory
  
  This module aims to advance students understanding of modern financial systems and institutions, utilising economic theory and empirical evidence. The programme initially explores the complexity and the integrated nature of international banking systems and regulation. The module emphasises the relationship between financial systems and economic performance, particularly the mechanisms by which the former may help to improve resource allocation and economic growth and stabilise banking systems. It also examines the causes of weaknesses in financial systems, including the roots of financial crises. Information-related problems and the way these are addressed by different types of financial institutions and systems will be central to the analysis. The investigation of emerging issues and contemporary trends in domestic and international banking will also be an important part of the programme. It aims at developing students’ ability to apply economic/finance tools and techniques in a variety of decision-making contexts for banking.
- Managerial Accounting (15 Credits) - Optional
  
  Aims to provide a critical understanding of management accounting techniques and practices and their relevance to contemporary business. The relevant concepts and theories, together with a range of emerging issues will be presented and critically evaluated.
- Fixed Income Securities (15 Credits) - Optional
  
  This module deepens your knowledge and practical understanding of fixed income products and their pricing mechanics. The module will also incorporate new developments in fixed-income derivatives such as mortgage-backed securities, collateralised debt obligations, and other structured fixed-income financial products. You will have the opportunity to use the Bloomberg Financial Database in learning the concepts, valuation principles and application of financial derivative products.

Teaching

In order to motivate students and facilitate retention and progression, taught modules will contain a mix of assessment components, both summative and formative. These might include in-class tests, computer based assignments, essays, case studies, group presentations/assignments and final unseen examinations. The use of summative assessment at various stages of the programme will encourage students to consolidate their understanding.

There will be dissertation workshops on a range of research related topics, such as, the structure of a Masters dissertation, identifying a topic, research tools available on the internet (sites where data and academic papers can be downloaded), developing and writing a research proposal, doing an applied econometrics project, and how to write a literature review. With guidance from their supervisor students will be required to prepare a detailed review of the literature, proposed methodology and sourcing of data. This will be submitted to supervisors after the year- end examinations.

Entry requirements

MSc Entry requirements for Banking and Finance

Normally a second class honours degree or above from a UK university in the field of finance or banking, economics, accountancy or business studies or Equivalent International Degree.
First degree must include an applied quantitative element of statistics, mathematics, engineering, physics, computing or science.
No Work Experience Required.

English Language Requirements (Postgraduate)

All programmes at Middlesex University Dubai are taught in English and applicants with previous education outside of English-speaking countries (such as the UK, the United States, Canada, England, Ireland, Australia, New Zealand), must demonstrate English language proficiency as follows:

English Language Test	Entry Requirement
IELTS Academic	6.5 (minimum 6.0 in each band)
TOEFL Internet-based	87 (21 in listening & writing, 22 in speaking and 23 in reading)
PearsonPTE Academic	58

For admissions related enquiries, kindly contact our admissions team on 0097143678100 / 0097143751212 alternatively you can email on admissions@mdx.ac.ae

Future Careers and Employability

The MSc Banking and Finance programme is designed to allow students whose career choices lie in the banking and financial services sector to develop their analytical skills, acquire a body of knowledge, and be exposed to the frontiers of the subject. Potential careers span a wide range, including investment banking, corporate banking, financial regulation, investment management, hedge fund management, the equity, bond and foreign currency markets, corporate treasury management, derivatives and risk management, or Islamic banking.

Middlesex has strong links with regional employers. Our industry partners offer internships and placement opportunities, give visiting lectures, and field visits and attend our Careers Day each year. Our Careers and Employability Service offers students a range of support both while they are studying with us – and after they have graduated.

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Course Detail

Introduction to the Programme

Why Study MSc Banking and Finance at Middlesex University Dubai?

Programme Content

Research Methods and Dissertation (60 Credits) - Compulsory

Applied Corporate Finance (15 Credits) - Compulsory

International Risk Management (15 Credits) - Compulsory

International Financial Regulation (15 Credits) - Compulsory

International Financial Markets (15 Credits) - Compulsory

Applied Econometrics (15 Credits) - Compulsory

Banking and Financial Institutions (30 Credits) - Compulsory

Managerial Accounting (15 Credits) - Optional

Fixed Income Securities (15 Credits) - Optional

Teaching

Entry requirements

English Language Requirements (Postgraduate)

Future Careers and Employability

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