Name of Programme
MSc Money, Banking and Wealth Management
MSc Money, Banking and Wealth Management [Part Time]
Final Award
MSc
Location
Buckingham
Awarding Institution/Body
University Of Buckingham
Teaching Institution
University Of Buckingham
School of Study
School of Humanities and Social Sciences [Economics and International Studies]
Programme Code(s)
PMSF1PMBIS / Full Time / 1 Year
PMSP2PMBIS / Part Time / 2 Years / MSc Money, Banking and Wealth Management [Part Time]
Professional Body Accreditation
Optional PRMIA module accreditation: ‘Associate PRM Certificate’
Relevant Subject Benchmark Statement (SBS)
Admission Criteria
The minimum entry level required for this course is as follows:

- a first or a good second-class honours degree from a recognised university, or

- a recognised professional qualification in the field with relevant work experience.

IELTS: 6.5 average (with 6.0 or above in each component)
Applicable Cohort(s)
Winter 2023
FHEQ Level
Level 7
UCAS Code
Summary of Programme

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.
In addition, the collaboration with the Institute of International Monetary Research will provide more opportunities to engage in academic and research seminars where students will learn from top academics in monetary economics. Students on the programme will be able to benefit from internship opportunities in various financial institutions (OMFIF, IIMR), as well as the accreditation on risk management provided by PRMIA, the Professional Risk Managers' International Association.
Educational Aims of the Programme
The programme will offer the latest research methods and tools to teach students to think critically and apply their knowledge to practical problems faced by investment banks wealth managers and central banks and other financial institutions. The programme will be delivered by staff with vast amounts of expertise in the fields covered within the programme, including banking and financial markets analysis, financial regulation analysis, central bank roles, new means of payments and monetary policy analysis from which students will greatly benefit. Specifically, the programme will benefit from having Professors Geoffrey Wood and Tim Congdon as members of the teaching team, both with a recognised career in this field and with experience in providing consultancy and expert advice at the highest governmental and political level in the UK.
Programme Outcomes

Knowledge and Understanding

1. Demonstrate knowledge on the effects on money changes on prices and output as well as on business cycle fluctuations
2. Use and understanding of the modelling of economic and financial problems to facilitate market participants and decision making;
3. Demonstrate the effective technical and independent research skills required to conduct research and critical analysis in monetary economics;
4. Demonstrate an in-depth knowledge and a critical awareness of current problems affecting central banks (particularly in times of great crisis), investment banks mainly, and new insights in monetary economics (such as the launch of new digital currencies) able to understand the origins and the proposed policies to tackle a banking and financial crisis.

Teaching/Learning Strategy

1. Core knowledge and understanding is acquired through weekly lectures and interactive tutorials. Additional tutorials and office hours will be held as required to provide detailed feedback from module tutors.
2. Students will be expected to undertake more independent (though supervised) research towards the end of the programme in order to complete a masters dissertation
3. Termly essays (in addition to the preparation of the tutorial questions) will be required to test the progress and knowledge gained by the students. Written feedback will be given to students.

Assessment Strategy

1. Termly essays.
2. Written examination.
Programme Outcomes

Cognitive Skills

1. Evaluate and analyse economic and more in particular monetary policy decisions and their effects in prices and the business cycle.
2. Understand the importance of risk management in major investment banks decision making.
3. Critically evaluate central banks’ monetary strategies and policies and their impact on monetary and financial stability

Teaching/Learning Strategy

1. They will be acquired mainly through lectures and interactive weekly tutorials, where students will be set specific tasks and questions to prepare for and are expected to undertake both independent and supervised study and research.
2. Students will be given regular feedback in tutorials and as regards their written termly essays

Assessment Strategy

1. Termly essays.
2. Written examination
Programme Outcomes

Practical/Transferable Skills

1. Resource and utilise economic and financial history as the relevant background to understand better the current problems affecting the economy, and in particular central banks’ policy options and commercial and investment banks’ decisions
2. Utilise of statistical tools and skills to identify, measure and analysis economic and monetary phenomena;
3. Practice with specialised statistics and econometrics software (E-views mainly) to process data and solve complex monetary related problems;
4. Utilise key models of standard and advanced economic and monetary theory to understand current economic problems and be able to make policy recommendations;
5. Demonstrate proficiency in analysing complex banking statements and central banks’ balance sheets and communications.
6. Engage in independent research and critically evaluate policy investment and financial properties to maximise company value;

Teaching/Learning Strategy

1. Practical Skills will be acquired through interactive tutorials where students will be encouraged to contribute to the discussions, the presentation of individual or group projects/essays and supervised lab exercises (mainly econometric software applications).
2. Tutorial hours with the lecturers will also help students gain the skills and the confidence to prepare and defend their coursework in public discussions, as well as encourage them to develop their research skills.

Assessment Strategy

1. Practical Skills will be regularly monitored and assessed using presentations, group and/or individual projects or essays, exams and set tutorial preparation.
External Reference Points
• Framework for Higher Education Qualifications (Link);
• Relevant Subject Benchmark Statement(s) (Link);
Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided. More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each course unit/module can be found in the departmental or programme handbook. The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production
Spring 2022
Date approved by School Learning and Teaching Committee
Spring 2022
Date approved by School Board of Study
Spring 2022
Date approved by University Learning and Teaching Committee
Spring 2022
Date of Annual Review
In line with the universities annual monitoring process.

 

PROGRAMME STRUCTURES

MSc Money, Banking and Wealth Management

PMSF1PMBIS / Full Time / September Entry
Term 1
Autumn
The Central Bank, The Banking System and The Macroeconomy [L7/15U] (HPFCBBM)
Empirical Techniques and Research Methods in Macroeconomics [L7/30U] (HPFETRM)
Term 2
Winter
Central Banking 1 (History, Strategies and Operations) [L7/15U] (HPFCBK1)