Banking and Finance

MSc, Postgraduate Diploma, Postgraduate Certificate


This MSc develops the knowledge and analytical skills needed for a successful career in banking, finance and related areas. It is aimed at students from a variety of backgrounds, including students with no previous training in economics or accountancy.

The course is taught by Economics and Accounting & Finance in the Stirling Management School.


The MSc Banking and Finance programme is accredited by the Chartered Banker Institute,

‌The Chartered Banker Institute, the only professional banking Institute in the UK, recognises the relevance of the MSc Banking and Finance and will offer graduates of the programme credit against its professional qualifications.  Graduates of the MSc Banking and Finance are, therefore, eligible to apply for Associate membership with the Institute. It will also allow graduates of the MSc who wish to attain Chartered status with the Institute to follow an accelerated route, requiring study of two further modules, which must include Credit and Lending. This recognition allows graduates of the MSc to fast-track attainment of a globally recognised, professional qualification. 
For further information, please see the link below.

Santander Universities Work Skills Programme

Photo: Mr. Stephen Jenkins (Santander University Relationship Brank Manager, centre) Dr. Siobhán Lucey (MSc Banking and Finance Programme Director, far right) and the current MSc Banking and Finance students at the recent Santander Universities Work Skills Programme presentation

Santander Universities will provide MSc Banking and Finance students the opportunity to participate in it Work Skills Programme.   Students will be selected by undertaking in the Standard Universities challenge and the winner(s) of the challenge will work in the University branch of Santander during the third semester of the programme.  The Santander Universities Work Skills programme will develop their skills across a range of competencies including Risk Management, World Class Service Ethics, Sales Management and HR functions including People Management.  This is an excellent opportunity for students interested in banking to learn more about the industry, gain new skills and also demonstrate their commitment to a career in banking.   




Key information

  • Degree type: MSc, Postgraduate Diploma, Postgraduate Certificate
  • Study methods: Full-time, Campus based
  • Start date: September
  • Course Director: Dr Siobhán Lucey
Download course leaflet

Want to speak to an academic expert?

Contact the Programme Director

Dr Siobhán Lucey

Stirling Management School
University of Stirling

View fees and finance

Course objectives

The overall objective of the course is to impart the knowledge and skills needed for a successful career in banking and finance, or a related field. Developments in banking and finance are occurring rapidly, and with growing complexity. So people working in this area must be able to understand and analyse current developments, and also be able to anticipate future developments. The course is designed for students from a variety of backgrounds, and does not require any previous training in economics or accountancy.

The specific objectives of the course are:

  • to provide knowledge and understanding of the nature of financial systems, and the particular roles of banks and the central bank
  • to develop the capacity to appraise and compile economic and financial reports
  • to understand those aspects of economics that are most relevant for a career in banking and finance
  • to develop an appreciation of the international dimension of financial systems
  • to develop the ability to apply appropriate risk management techniques
  • to develop the capacity to understand, assess and comment on company accounts
  • to develop the facility to use spreadsheets and econometric techniques to analyse corporate performance, and to identify trends in financial markets
  • to develop the ability to appraise investment projects with capital budgeting techniques
  • to develop an understanding of the key financial decisions made by corporations, and their use of the equity and bond markets to raise finance
  • to provide knowledge and understanding of different types of banking and financial systems, including those in emerging countries and countries in transition
  • to provide an understanding of the theory, methodology and techniques of research in banking and finance, and also of the potential limitations of this research

Learning outcomes

The general learning outcomes in terms of knowledge and understanding that apply to the course as a whole are:

  • a systematic understanding of knowledge in banking and finance
  • a critical awareness of current problems and new insights in banking and finance
  • a practical understanding of the techniques of enquiry and research used in banking and finance, and of how they are used to create and interpret knowledge
  • a conceptual understanding for evaluating current research and scholarship in banking and finance
  • a conceptual understanding for evaluating methodologies and (where appropriate in a dissertation) for formulating hypotheses

What makes us different?

Formal accreditation by The Chartered Banker Institute

The Chartered Banker Institute has formally accredited the MSc Banking and Finance programme offered by the University of Stirling, making it one of a select few UK programmes offering this level of recognition. Those who successfully complete the programme are eligible to apply for Associated Chartered Banker status with the Institute. It will also allow the MSc graduates who wish to attain Chartered status with the Institute to follow an accelerated route.

Photo: Dr. Siobhán Lucey (MSc Banking and Finance Programme Director), Mr Simon Thompson (Chief Executive, Chartered Banker Institute), Ms. Linda Livingstone (Chartered Banker Institute, Academic Relationship Manager) at the formal accreditation signing at the University of Stirling in December 2015.

Santander Universities Work Skills Programme

Santander Universities will provide MSc Banking and Finance students the opportunity to participate in it Work Skills Programme. This programme will develop students’ skills across a range of competencies including Risk Management, World Class Service Ethics, Sales Management and HR functions including People Management. It provides students with an excellent opportunity to learn more about the industry, gain new skills and also demonstrate their commitment to a career in banking.

Innovative trading Boot Camp with Amplify Trading

As part of the Stirling Management School's focus on enhancing the employability of graduates, we run a free, week-long trading masterclass in conjunction with London-based Amplify Trading for students at the end of the Spring Semester.

Learn more about the Boot Camp


At the University of Stirling Management School, we are committed to ensuring that every single one of our students realise their potential.

The graduate job market has never been more competitive, and greater focus is now being placed on finding graduates who can demonstrate a wide array of skills, competences and experiences.

Find out more about employability

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Business Engagement

The University of Stirling Management School equips students to flourish as effective managers in the workplace through enhanced self-awareness, critical thinking, leadership and team-working skills.

Find out more about business engagement

Business Engagement

World-class library and teaching facilities

Studying for a degree means learning in different ways; managing your own time; conducting research; mastering new computer skills. We have the facilities and advice on hand to help you do all this - and do it well.

Learn more

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Life at Stirling

Of the many reasons students come to Stirling, such as academic reputation and research standards, one factor is always cited: the outstanding beauty of the University's Stirling campus. View our online films to get a picture of what it's like to live and study on our beautiful campus.

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Entry requirements

Academic requirements

A minimum of a second class Honours degree  or equivalent.  Applicants without these formal qualifications but with significant appropriate/relevant work/life experience are encouraged to apply.

English language requirements

If English is not your first language you must have one of the following qualifications as evidence of your English language skills:

  • IELTS: 6.0 with 5.5 minimum in each skill
  • Cambridge Certificate of Proficiency in English (CPE): Grade C
  • Cambridge Certificate of Advanced English (CAE): Grade C
  • Pearson Test of English (Academic): 54 with 51 in each component
  • IBT TOEFL: 80 with no subtest less than 17

For more information go to English language requirements

If you don’t meet the required score you may be able to register for one of our pre-sessional English courses. To register you must hold a conditional offer for your course and have an IELTS score 0.5 or 1.0 below the required standard. View our range of pre-sessional courses.

Flexible Learning

If you are interested in studying a module from this course, the Postgraduate Certificate or the Postgraduate Diploma then please email to discuss your course of study.


2016/17 Overseas £13,950
2016/17 Home/EU £6,100


2017/18 Overseas £14,600
2017/18 Home/EU £TBC

From 2016/7 onwards, the fees for all taught postgraduate courses are to be held at the level set upon entry.

Please note there is an additional charge for the conferral of your degree. This will be charged at the rate applicable when you complete your studies. View more information

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Scholarships & funding

Stirling Management School Postgraduate Scholarships

Stirling Management School is committed to investing in academically talented students, enabling them to further their education with a reputable qualification from one of the many degree courses on offer at the University of Stirling. There are various categories of funding available to support the cost of your studies at the University of Stirling.


Cost of Living

Find out about the cost of living for students at Stirling

Payment options

Find information on paying fees by instalments

Structure and teaching

Structure and content

Preparing and supporting students through their postgraduate studies

September 2014 saw the introduction of an intensive and invigorating period of ‘learning to learn’ for Stirling Management School’s postgraduate students. Activities, workshops and information sessions were held during this period to help students better prepare for the year ahead in order to ensure that they make the most of their time at Stirling.

By the end of this period, students were fully prepared to embark upon the formal teaching course invigorated and committed to the journey ahead with newly developed skills.

Providing students with the very best start to their studies, these activities support students to:

  • discover more about the exciting period of learning ahead;
  • develop an understanding of the course expectations;
  • get to know the teaching team and support staff;
  • learn more about a diverse range of approaches to learning;
  • understand what it takes to work as part of a successful team;
  • develop presentation skills and build confidence in public speaking;
  • learn about cultural and individual differences;
  • discover all that the University campus and the vibrant city of Stirling has to offer;
  • maximise their time studying at Stirling;
  • have fun and make new friends.

Students were introduced to their course, fellow students and the University by taking part in the Stirling Management School Flying Start Leadership Programme. This induction enabled students to develop skills to get the most out of their studies and to progress quickly in their career.

Delivery and assessment

Modules are taught by a combination of lectures and small group teaching, in the form of seminars, workshops or computing labs. Assessment in most modules includes coursework, often a mid-semester test, and an end-of-semester examination. Resit examinations are available.

Successful completion of the taught element of the course leads to the award of the Diploma or allows you to continue for the award of the MSc by completing dissertation based on an original research question agreed by yourself and your supervisor. The project should reflect your own understanding and knowledge of selected topics learnt during taught modules.


Academic Year 2015/16

Please view full module descriptions here.

Recommended reading

Popular texts & Text Books:

  • Introduction to Econometrics” by Christopher Dougherty, published by Oxford University Press, Fourth Edition, 2011
  • Begg, D. and Ward, D., Economics for Business 4th ed., McGraw-Hill, 2013
  • Chartered Banker Institute, 2010. Professionalism and Ethics: Study Book. BPP Learning Media
  • Solomon Jill, 2010. Corporate Governance and Accountability. 3rd Edition. John Wiley & Sons
  • Mishkin, F. (2013). The Economics of Money, Banking and Financial Markets, Global Edition, 10th edition update, Pearson Education
  • Matthews & Thompsons (2008) The Economics of Banking
  • Spratt Stephen, 2009. Development Finance: Debates, Dogmas and New Directions. Routledge.

Learning activities to prepare you for study in the UK

Prepare for Success is an interactive web learning tool for international students who are getting ready to come to the UK for study in further or higher education.


Modes of study


Study method


Why Stirling?


In REF2014 Stirling was placed 6th in Scotland and 45th in the UK with almost three quarters of research activity rated either world-leading or internationally excellent.

The Economics Division at Stirling Management School is committed to the pursuit of excellence in both research and teaching. The Division is ranked in the top 10% of institutions in the UK and Europe by RePEc (Research Papers in Economics). The Division’s contribution was recognised in the 2014 Research Excellence Framework (REF) where the School was placed in the UK’s top 25 institutions for Business and Management, out of 101 business schools in the UK.  

In Scotland, the School was ranked in the top five.  64% of our research outputs were classified as world-leading and internationally excellent in terms of their originality, significance and rigour and we were ranked 14th in the UK in terms of research impact with over 60% of our research impact judged to have outstanding reach and wide-ranging impact on the policies of public, private and governmental organisations.

We have received an overall score of 80% by the Complete University Guide Ranking in 2014. We are considered among the top 25 universities in the UK and top four in Scotland.

Stirling is at top 12 in the UK for graduate employability with 94% of our graduates in employment, or further study, within six months of graduating. (Telegraph / Destinations of Leavers from Higher Education 2011/12). The university was also place in Top 5 in UK for best value University (Telegraph, 2012)

We are also part of Scottish Graduate Programme in Economics ( which is a collaborative venture between eight top Scottish universities.

International Students

The University of Stirling welcomes applications from all countries.

Careers and employability

Career opportunities

There is an excellent employment record among graduates, many of whom now work in financial institutions in the UK and abroad.

MSc Banking & Finance graduates are currently working around the world in countries such as Kenya, Indonesia, China, India, Norway, Ghana, Turkey, Greece and Malta. They are actively contributing to the performance of the following organisations: Alpha Bank, Ministry of Finance, Greece, Citibank, Santander, Ernst & Young, HSBC, Jones, Lang LaSalle, Grant Thornton UK LLP, Bank of China, Vodaphone, CITIC Trust, Emporiki Asset Management.

Graduates entering into employment in the past three years are currently working as:

  • Associate, David Griscti & Associates (Malta)
  • Banker, Bank of China
  • Client Services Officer, JPMC (Vietnam)
  • Audit Associate, Grant Thornton UK LLP

Alumni of the MSc Banking & Finance degree who graduated between five and ten years ago have since advanced into some of the following positions:

  • Finance Manager, ActivTrades PLC (UK)
  • Senior Auditor, Ernst & Young (Malta)
  • Relationship Manager, Alpha Bank (Greece)
  • Audit Officer, Banking Bureau (Taiwan)
  • Business Development Manager, Jones Lang LaSalle (India)
  • Debt Management Advisor, HSBC (UK)

Some of our more established alumni are currently leading and shaping the strategy of global financial organisations – here is an example of how a few former Banking & Finance students have advanced in their careers:

  • Head of Banking Trends, Egnatia Bank (Greece)
  • Principal Finance Officer, Teachers Service Commission (Kenya)
  • Management Associate, Citibank (UK)
  • Credit Partner, Santander Corporate Banking (UK)
  • Head BPA Region, Novartis (Switzerland)
  • Anti-Evasion Tax Force Officer, Ministry of Finance (Greece)

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