About this course
Help businesses to manage economic change on this master’s degree in International Banking and Financial Studies. You’ll gain expert knowledge about the relationship between banking, finance and the economy.
When you graduate you'll be well prepared for success in the global job market. Our graduates have gone to work for leading organisations such as the International Monetary Fund and the Bank of England.
This MSc International Banking and Financial Studies is ideal if you want to move into senior roles in finance and banking.
You’ll explore current theory and practice as you learn to assess and evaluate real-world scenarios. Using quantitative evaluation methods and historical perspectives you'll hone your ability to identify the latest trends and events. This will inform your understanding of modern banking and finance.
Learning highlights include:
- company financing
- capital costs and security
- investment appraisal
- foreign exchange exposure management
- corporate governance
You'll also cover the ‘micro’ aspects of banking looking at areas like financial risk management, and ‘macro’ factors such as understanding how the economy influences banking.
Optional modules give you the freedom to personalise the course to match your career plans or research interests. You could focus on:
- banking in developing countries
- behavioural biases and financial decision making
- fixed income or derivative securities analysis
- the stock market
You can gain experience using specialist industry tools including:
- Stata for analysing, managing and visualising data
- EViews for statistical forecasting and modelling
- MATLAB for numerical computing
Professor Taufiq Choudhry is your course lead. His research encompasses many of the most pressing concerns in modern global finance including the impacts of financial and political crises on financial investment risk. Visit Professor Choudhry's profile page to learn more about his work.
“The fact that topics such as financial risk management, securitisation, econometrics and capital management are covered in the curriculum, makes the MSc in International Banking and Financial Studies one of the most challenging and well-balanced programmes in its field.”
This course is based at Highfield.
This qualification is awarded by the University of Southampton.
Download the Course Description Document
The Course Description Document details your course overview, your course structure and how your course is taught and assessed.
Changes due to COVID-19
Although the COVID-19 situation is improving, any future restrictions could mean we might have to change the way parts of our teaching and learning take place in 2022 to 2023. This means that some of the information on this course page may be subject to change.
Find out more on our COVID advice page.
You’ll need a 2:1 degree in a subject with an element of quantitative study such as:
Find the equivalent international qualifications for your country.
We do not accept the following subjects:
- Language Studies – degrees that focus on learning a language or how to translate, such as 'Business English', 'Applied English', or 'Translation', are not acceptable. However, this restriction does not apply to ‘English’ and ‘English literature’ degrees of the kind taught in the UK.
- Art/Design/Vocational Studies – degrees that focus on learning a particular form of art, craft or vocation. These include degrees in art, graphic design, photography, television broadcasting, script writing, or performance/dance.
English language requirements
If English isn't your first language, you'll need to complete an International English Language Testing System (IELTS) to demonstrate your competence in English. You'll need all of the following scores as a minimum:
IELTS score requirements
- overall score
We accept other English language tests. Find out which English language tests we accept.
Recognition of professional experience
If you don’t have the exact entry requirements, but have significant work experience in this sector we’ll assess your relevant professional experience, your subject knowledge and your aptitude for learning.
Your application will be considered on individual merit and you may be asked to attend an interview.
Got a question?
Please contact us if you're not sure you have the right experience or qualifications to get onto this course.
Tel: +44(0)23 8059 5000
Your studies will run for a full 12 months, from September to the following September.
Your first 9 months cover taught modules and exams. This is followed by a 3 month period working on your dissertation.
Want more detail? See all the modules in the course.
For entry in Academic Year 2022-23
Year 1 modules
You must study the following modules:
Banking, Finance and Risk Dissertation
The dissertation stage of your Postgraduate programme involves an extended, independent investigation of a topic of your own choosing and the preparation of a 15,000 word dissertation describing your work. Essentially, the dissertation is a test of your a...
Corporate Finance 1
In this module we begin by looking at the types and sources of finance for a company. Next we seek to understand the cost of capital and the major theories that guide us. Next comes sources of long-term finance: capital, debt and hybrid finance. Finally, ...
Corporate Finance 2
This module covers topics such as investment appraisal, evaluation of corporate investment, M&A, corporate governance issues in both theoretical and empirical aspects, and thus provides the knowledge which may be required for managers. The materials may b...
Financial Risk Management
The module explores bank regulations as well as theoretical and practical techniques to measure market risk, interest rate risk and credit risk. It also discusses the theoretical and practical aspects of the risk management techniques employed in the fina...
This module is the core unit of the MSc International Banking and Financial Studies. It is also the module that is most directly focusing on banking, as opposed to financial market or accounting and finance-related courses otherwise on offer. This is a...
Quantitative Research in Finance
This module provides you with the opportunity to engage with econometrics theory focusing, in particular, on analysing financial markets and firms’ investment and financing decisions. The module will systematically prepare you with the necessary skills to...
You must also choose from the following modules:
Mainstream finance assumes that people are rational and is mainly concerned with how they should behave when making financial decisions. In this module, instead, we focus on how individuals make financial decisions in practice, and we use insights from ps...
Introduction to Portfolio Management and Exchange Traded Derivatives
The aim of this module is to provide a broad introduction to portfolio selection and derivatives from a theoretical and practical viewpoint. The course will show the interaction between asset management and derivatives.
Stock Market Analysis
This module provides an introduction to the modern finance theory and its applications to equity investing. It will start by giving a short preamble of the asset classes and stock markets, security analysis, and equity evaluation models. The course will t...
Learning and assessment
On this banking and finance master’s you’ll learn through interactive lectures, seminars and independent study. You’ll explore topics through group discussions and role play.
Learning activities will also include:
- mini class exercises
- case studies
Using case studies you'll apply theoretical concepts to real-world scenarios. For example you might assess the effect of local banks on a region’s economy by looking at:
- their credit limits
- the funding they offer
- local government funding limits
There are also computer lab sessions where you can use econometrics software to perform analyses of financial data.
Our academic team have worked for international banks, think-tanks, advisory organisations and consultancies. You’ll enrich your learning through their research and industry insights. You can also attend seminars to hear industry practitioners talk about the latest sector challenges. Previous talks have included speakers from:
- the International Monetary Fund
- the European Commission
- the Luxembourg Central Bank
- Germany’s national bank
The way we’ll assess you might vary between modules, and may include:
- group and individual assignments
- multiple-choice tests
- a dissertation
You'll use the methods, techniques and skills you learn in the taught part of the course to write a 15,000-word dissertation on a subject you choose.
We'll assign you a personal academic tutor, and you'll have access to a senior tutor.
You’ll leave us with the skills and knowledge attractive to a broad range of employers. You’ll be well prepared for roles in a variety of areas:
- banks and investment banks
- securities and asset management
- financial advisory and consulting
- regional development
- accounting and management
- think-tanks and government agencies
Graduates of this banking and finance degree have gone on to work for organisations including the International Monetary Fund, the European Commission, the Bank of England and Santander.
Careers services at Southampton
We're a top 20 UK university for employability (QS Graduate Employability Rankings 2022). Our Careers and Employability Service will support you throughout your time as a student and for up to 5 years after graduation. This support includes:
- work experience schemes
- CV/resume and interview skills workshops
- networking events
- careers fairs attended by top employers
- a wealth of volunteering opportunities
- study abroad and summer school opportunities
We have a thriving entrepreneurship culture. You'll be able to take advantage of:
- our dedicated start-up incubator, Futureworlds
- a wide variety of enterprise events run throughout the year
- our partnership in the world’s number 1 business incubator, SETsquared
Fees, costs and funding
Fees for a year's study:
- UK students pay £14,756.
- EU and international students pay £29,512.
When you accept your offer to study on this course you’ll be asked to pay a deposit. This is non-refundable. The deposit amount is:
- UK students: £250
- EU and international students: £1,000
Full terms and conditions and details of how to pay this deposit will be sent to you in your offer letter.
What your fees pay for
Your tuition fee covers the full cost of tuition and any exams.
Find out how to pay your tuition fees.
Accommodation and living costs, such as travel and food, are not included in your tuition fees. Explore:
10% alumni discount
If you’re a graduate of the University of Southampton you get a 10% discount on your postgraduate tuition fees.
Postgraduate Master’s Loans (UK nationals only)
This can help with course fees and living costs while you study a postgraduate master's course. Find out if you're eligible.
Southampton Business School Deans International Scholarship
A scholarship of £8,000 is available to international students studying for an eligible postgraduate master’s at Southampton Business School.
Find out more about the Southampton Business School Deans International Scholarship, including eligibility and conditions.
Southampton Business School Postgraduate International Scholarship
A scholarship of £3,000 is available to international students studying for an eligible postgraduate master’s at the Southampton Business School.
Find out more about the Southampton Business School Postgraduate International Scholarship, including eligibility and conditions.
Southampton Business School Excellence in English Postgraduate International Scholarship
A scholarship of £3,000 is available to international students from mainland China, Hong Kong or Macau who are studying for an eligible postgraduate master’s at the Southampton Business School.
Find out more about the Southampton Business Excellence in English Postgraduate International Scholarship, including eligibility and conditions.
Other postgraduate funding options
A variety of additional funding options may be available to help you pay for your master’s study. Both from the University and other organisations.
Funding for EU and international students
Find out about funding you could get as an international student.
How to apply
- Use the 'apply for this course' button on this page to take you to our online application form.
- Search for the course you want to apply for.
- Complete the application form and upload any supporting documents.
- Submit your application.
The deadline for applying for your course for the 2023 year of entry depends on where you’re domiciled (where your permanent home is and where you have the closest ties).
This is because:
- students from different countries tend to apply at different times of year
- we want a diverse and balanced mix of international students with exceptional academic ability
|Place of domicile||Deadline|
|China||7 December 2022 (closed)|
|Anywhere else (except the UK)||29 March 2023|
|The UK (and others eligible for home fees)||7 July 2023|
We must receive new applications by midday GMT.
Applications for 2023 are now closed to those domiciled in China. The deadline for applicants domiciled in other countries may still move to:
- an earlier date if we have already received enough applications before the deadline
- a later date if there are still places available on the deadline
We receive many high-quality applications, so places for many of our courses are very competitive.
Application assessment fee
We’ll ask you to pay a £50 application assessment fee if you’re applying for a postgraduate taught course.
This is an extra one-off charge which is separate to your tuition fees and is payable per application. It covers the work and time it takes us to assess your application. You’ll be prompted to pay when you submit your application which won’t progress until you've paid.
If you're a current or former University of Southampton student, or if you’re applying for certain scholarships, you will not need to pay the fee. PGCE applications through GOV.UK and Master of Research (MRes) degree applications are also exempt. Find out if you’re exempt on our terms and conditions page.
When you apply you’ll need to submit a personal statement explaining why you want to take the course.
You’ll need to include information about:
- your knowledge of the subject area
- why you want to study a postgraduate qualification in this course
- how you intend to use your qualification
You'll also need to send 2 academic references.
Please include the required paperwork showing your first degree and your IELTS English language test score (if you are a non-native English speaker) with your application. Without these, your application may be delayed.
What happens after you apply
You'll be able to track your application through our online Applicant Record System.
We'll assess your application on the strength of your:
- academic achievements
- relevant professional experience
- personal statement
- academic references
We will aim to send you a decision 6-8 weeks after you have submitted your application.
If we offer you a place, you will need to accept the offer within 30 working days. If you do not meet this deadline, we will offer your place to another applicant.
Unfortunately, due to the volume of applications we receive, we may not be able to give you specific feedback on your application if you are unsuccessful.
Equality and diversity
We treat and select everyone in line with our Equality and Diversity Statement.
Got a question?
Please contact us if you're not sure you have the right experience or qualifications to get onto this course.
Tel: +44(0)23 8059 5000
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