View full details in the curriculum handbook
The MSc programme in Money, Banking and Central Banking – and the new pathway to Money, Banking and Wealth Management – is designed to offer specialised teaching to UK and overseas students.
The subject is particularly relevant given all the changes introduced in banking and financial markets during the last global financial crisis as well as the changes made by major central banks in the running of their monetary policies since then.
The programme pays particular attention to the changes introduced by major central banks since March 2020, with the outbreak of Covid-19 crisis, as well as to the launch of new digital currencies by central banks and the private sector. This all emphasises again the importance of high quality monetary and banking analysis so we can assess those policies compatible with stable economic growth and financial stability over the long term.
Expert knowledge of monetary economics and monetary policy, risk management and financial institutions is going to be of crucial importance and this programme aims to produce graduates with this specialised knowledge and the skills required for a career in central banking and finance, in particular in investment banking, wealth management as well as monetary analysis suitable to pursue a career in research departments and specialised media.
View the Money, Banking and Central Banking Brochure.
We offer two entry points, one in September and one in January, as well as a part-time programme, ideal for those seeking a flexible way to further their education and careers in money and banking.
The majority of the programme consists of the following modules:
- Financial Analysis and Asset Management (15 credits) – Asset management techniques will be thoroughly analysed, and particular emphasis will be placed upon modern portfolio management theory.
- Central Banking (1): History, Strategies and Operations (15 credits) – Learning the theoretical and analytical tools required to understand central bank roles and policy strategies.
- Money, New Means of Payments and Investment Strategy (15 credits) – The module will address new financial and digital technology and their impact on monetary policy and regulatory issues. It will also focus on how to use monetary analysis and investment strategy in a modern economy.
- Central Banking (2): Monetary Policy and Financial Stability (15 credits) – Identifying how monetary policy is designed and implemented by leading central banks.
- The Central Bank, The Banking System and the Macroeconomy (15 credits) – Analysing how money is created and how changes in the amount of money affect prices and output along the business cycle.
- Banking Risk Management (15 credits) – Learning about bank risk assessment and changes in bank regulation.
- Empirical Techniques and Research Methods (30 credits) – Becoming proficient in statistical techniques using specialised software to gather and analyse macroeconomic and financial data.
- MSc Dissertation (60 credits) – At the end of the programme students will submit a master’s dissertation with comprehensive research work on one of the topics addressed in the programme.
Professional accreditation in risk management
Students will have the option to study for an accreditation in financial risk management with the Professional Risk Managers’ International Association (PRMIA), ideal for those interested in entering the risk management industry.
The programme covers fundamental concepts of the risk management profession and has become a well-known benchmark in this market both in the UK and in the rest of the world.
The teaching staff of our master’s programme will offer extra academic support to the students who opt to take the exam. The cost of the PRM certificate course is covered, however the exam fee needs to be covered by those taking the exam.
This certificate will put students seeking a career in the financial and banking services industries at a considerable advantage.
The Institute of International Monetary Research
Established in 2014, in the aftermath of the Great Financial Crisis of 2007-2009, the Institute of International Monetary Research (IIMR) is an educational charity that aims to bring to public attention the strong relationship between the quantity of money on the one hand, and inflation and the levels of national income and expenditure on the other.
The Institute is heavily involved in the teaching of the programme. It offers its facilities to students to help them engage in a professional environment where they can focus on analysis into trends in money and banking. The Institute also produces research in the form of edited volumes and research papers that will inform students about the key debates in academia and financial markets.
In addition, the Institute of International Monetary Research organises research seminars in Buckingham and an annual monetary conference in the UK. At these events, students have the opportunity to learn from top academics, regulators and practitioners of monetary economics, both from the UK and overseas.