MSc Banking and Finance: Top Universities, Admission Process, Eligibility

Are you intrigued by the world of finance? Have you ever ventured into thinking about how financial markets operate and what drives investment decisions? Well, the answer to all your questions might just be a course away, known as MSc Banking and Finance. It is a postgraduate degree that covers a wide range of topics including investment banking, risk management, financial derivatives, and more. In today’s complicated financial landscape, pursuing this course can provide you with the extensive knowledge and skills required to be a valuable part of the industry. 

Name of the course	MSc Banking and Finance
Study-level	Postgraduate
Degree Name	Masters of Science (MSc)
Duration	1-2 years
Mode of Delivery	Offline and online
Career Scope	Investment banking, financial analysis, asset management, corporate finance

Top Universities to Study MSc Banking and Finance

Below we have mentioned a list of the top universities you can consider to pursue an MSc in Banking and Finance. 

University	QS Rank	Course Name	Annual Tuition Fee
Queen Mary University of London	145	Banking and Finance MSc	£31,850
King’s College London	40	Banking & Finance MSc	£37,680
Middlesex University	661 – 670	Banking and Finance MSc	£16,800
Macquire University	130	Master of Banking and Finance	AUD $32,300
University of Nottingham	100	Banking and Finance MSc	£30,200
The University of Melbourne	14	Master of Banking and Finance Law	AUD$46,240
Sheffield Hallam University	1001 – 1200	MSc Banking and Finance	£19,130
University of Leeds	75	Banking and International Finance MSc	£34,750
University of Bath	148	Finance with BankingMSc	£26,200
University of London		Banking and International FinanceMSc	£31,700
Edith Cowan University	529	Master of Finance and Banking	AUD $28,450
University of Sussex	218	Banking and Finance MSc	£25,000
Brunel University London	343	Banking and Finance MSc	£24,000
London Metropolitan University	901 – 950	International Banking and Finance – MSc	£9,300
University of Chester	532	Banking and Finance MSc	£14,250
University of Roehampton London	251 – 300	Banking, Finance and Risk Management	£16,500
Monash University	42	Banking and Finance	$53,000

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Why Study MSc Banking and Finance?

Pursuing an MSc in Banking and Finance can be a great career move, providing you with a comprehensive understanding of the finance industry. Here are other reasons why you should study this course:

• This course provides students with a deep understanding of banking operations, smart investment strategies, and financial markets. 
• It can increase your career prospects since the skills gained are required in various industries. Accordingly, it is an in-demand field. 
• Students learn about different data analysis tools and techniques required to navigate complex real-life financial situations, 
• It opens doors to a wide range of career paths ranging from investment banking to financial analysis and corporate finance. 
• Since finance experts are always in demand, this course offers job security to graduates.

Eligibility

Students who seek admission to MSc Banking and Finance must meet certain eligibility criteria to secure their seats. Although it can differ from university to country, here is a general overview of the same:

• Students must obtain a Bachelor’s degree in the same or related fields.
• Applicants must have secured at least 50-55% marks in their Bachelor’s.
• Candidates are required to clear English Language Proficiency Tests such as IELTS, TOEFL, and Duolingo with the required band/score (depending on the university). 

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Documents Required

Here is a list of documents that students need to submit to gain admission into their preferred university. 

• A filled application form 
• Proof of finances
• A passport and visa 
• Academic transcripts 
• Work experience (if any)
• LOR and SOP
• CV/Resume
• Proof of English Language Proficiency tests.

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Application Process

1. Collect all your academic transcripts.

2. Shortlist a university depending on your preferences and interests.

3. Write a Statement of Purpose (SOP) and Letter of Recommendation (LOR) and ensure the format relevant to the shortlisted university. 

4. Go to the official university website and complete the application form by entering your personal and academic details. 

5. Go through the list of documents required on the admission portal and upload a scanned copy to proceed. 

6. Finally, double-check everything and pay the application fee to submit your application. 

Career Scope in MSc Banking and Finance

The scope of MSc Banking and Finance is interestingly promising and vast. In today’s technologically advanced world, everything from financial institutions, and corporations to governments is heavily dependent on the expertise of finance professionals. They utilize their skills and knowledge to navigate complex financial markets, mitigate risks, and make strategic decisions. 

Graduates in this field can explore career paths in roles such as investment banking, financial analysis, asset management, corporate finance, and so on. Moreover, the skills acquired in this course can be applied to other industries. As the financial landscape continues to evolve, the demand for finance experts remains consistently high.

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Job Opportunities After MSc Banking and Finance

Here are the most common job opportunities graduates of MSc Banking and Finance can pursue.

Job Opportunities	Expected Salary
Financial Analyst	$60,500 – $77,700
Financial Manager	$104,500 – $132,500
Financial Advisor	$62,307 – $87,701
Actuary	$29,600 – $62,359
Accountant	$75,000 – $89,500
Chief Financial Officer	$114,000 – $122,500

FAQs

This blog covers all the information you need to know about MSc Banking and Finance. If you have queries or suggestions, drop them in the comments below. For further help, our expert team at Leverage Edu is available to assist you. Drop us a call at 1800572000 today to get an absolutely free counseling session!