MSc in Money, Banking and Wealth Management
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Course overview
About the Course
View All Course Modules
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Jan 2025 (Full-time)
| Module | Type | Credits | Level |
|---|---|---|---|
| Banking Risk Management | Core | 15.00 | 7 |
| Central Banking 1 (History, Strategies and Operations) | Core | 15.00 | 7 |
| Central Banking 2 (Monetary Policy and Financial Stability) | Core | 15.00 | 7 |
| Dissertation | Core | 60.00 | 7 |
| Empirical Techniques and Research Methods in Macroeconomics | Core | 30.00 | 7 |
| Financial Analysis and Asset Management | Core | 15.00 | 7 |
| Money, New Means of Payments and Investment Strategy | Core | 15.00 | 7 |
| The Central Bank, The Banking System and The Macroeconomy | Core | 15.00 | 7 |
| Core Concepts of Risk Management PRMIA | Optional | 0.00 | 7 |
Jan 2025 (Part-time)
| Module | Type | Credits | Level |
|---|
Sep 2025 (Full-time)
| Module | Type | Credits | Level |
|---|---|---|---|
| Banking Risk Management | Core | 15.00 | 7 |
| Central Banking 1 (History, Strategies and Operations) | Core | 15.00 | 7 |
| Central Banking 2 (Monetary Policy and Financial Stability) | Core | 15.00 | 7 |
| Dissertation | Core | 60.00 | 7 |
| Empirical Techniques and Research Methods in Macroeconomics | Core | 30.00 | 7 |
| Financial Analysis and Asset Management | Core | 15.00 | 7 |
| Money, New Means of Payments and Investment Strategy | Core | 15.00 | 7 |
| The Central Bank, The Banking System and The Macroeconomy | Core | 15.00 | 7 |
| Core Concepts of Risk Management PRMIA | Optional | 0.00 | 7 |
Sep 2025 (Part-time)
| Module | Type | Credits | Level |
|---|---|---|---|
| Banking Risk Management | Core | 15.00 | 7 |
| Central Banking 1 (History, Strategies and Operations) | Core | 15.00 | 7 |
| Central Banking 2 (Monetary Policy and Financial Stability) | Core | 15.00 | 7 |
| Dissertation | Core | 60.00 | 7 |
| Empirical Techniques and Research Methods in Macroeconomics | Core | 30.00 | 7 |
| Financial Analysis and Asset Management | Core | 15.00 | 7 |
| Money, New Means of Payments and Investment Strategy | Core | 15.00 | 7 |
| The Central Bank, The Banking System and The Macroeconomy | Core | 15.00 | 7 |
| Core Concepts of Risk Management PRMIA | Optional | 0.00 | 7 |
Jan 2026 (Full-time)
| Module | Type | Credits | Level |
|---|---|---|---|
| Banking Risk Management | Core | 15.00 | 7 |
| Central Banking 1 (History, Strategies and Operations) | Core | 15.00 | 7 |
| Central Banking 2 (Monetary Policy and Financial Stability) | Core | 15.00 | 7 |
| Dissertation | Core | 60.00 | 7 |
| Empirical Techniques and Research Methods in Macroeconomics | Core | 30.00 | 7 |
| Financial Analysis and Asset Management | Core | 15.00 | 7 |
| Money, New Means of Payments and Investment Strategy | Core | 15.00 | 7 |
| The Central Bank, The Banking System and The Macroeconomy | Core | 15.00 | 7 |
| Core Concepts of Risk Management PRMIA | Optional | 0.00 | 7 |
Jan 2026 (Part-time)
| Module | Type | Credits | Level |
|---|
Course overview
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.
Course Structure
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 ³Ô¹ÏÍø 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.
Entry Requirements
Entry requirements
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 with relevant work experience
Mature students
Age is no barrier to learning and we welcome all applications from suitably qualified students.
International students
We are happy to consider all international applications and if you are an international student, you may find it useful to visit our international pages for details of entry requirements from your home country.
The University is a UKVI Student Sponsor.
English levels
If English is not your first language, please check our postgraduate English language requirements.
Selection process
Wherever possible, you will be invited to the University to meet the Admissions Tutor for an informal interview and to have a tour of our campus. If you are an international applicant, it may not be possible for you to visit in person, so if the Admissions Tutor has any queries about your application you may be conducted by skype, email or phone.
Initial enquiries and face-to-face appointments are also welcomed by the Director of the degree, Mr Damian Pudner damian.pudner@buckingham.ac.uk
Teaching & Assessment
Professors and lecturers
The Money, Banking and Central Banking programme is taught by leading monetary and banking academics and market practitioners.
Professor Tim Congdon is one of the world’s leading monetary analysts and the UK’s leading exponent of the ‘monetarist’ school of thought. He founded the research consultancy, Lombard Street Research in 1989, and the Institute of International Monetary Research in 2014.
Dr Juan Castañeda is a Senior Lecturer in Economics at The University of ³Ô¹ÏÍø and Director of the Vinson Centre. He has worked with the European Parliament’s Economic and Monetary Affairs Committee and submitted written evidence for a UK Parliament report on the euro.
Brandon Davies has 32 years experience working at Barclays Bank. Once he retired from Barclays Bank he set up, for GARP, the bank training programmes for Indonesia and China, both sponsored by their respective central banks.
Professor Geoffrey Wood is a Professor of Monetary Economics at University of ³Ô¹ÏÍø. He spent many years as a part-time special adviser at the Bank of England, and has been on the staff of the Federal Reserve Bank of St. Louis.
Professor Ali Kabiri is a Professor of Economics and the Head of Department of Economics and International Studies at The University of ³Ô¹ÏÍø.
He is also a research associate of the Financial Markets Group at the LSE and an Honorary Lecturer at UCL, London, at the CSDU – Centre for the Study of Decision-Making Uncertainty.
Damian Pudner is Director of the Institute of International Monetary Research (IIMR).
Prior to this, he enjoyed a successful career spanning 25 years in the City of London, holding several senior roles at leading investment banks and financial institutions.
Amongst other members of the staff, students 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 policy level in the UK.
In addition, students will benefit from guest lectures by international experts in the field.
Assessment methods
The assessment of individual modules within each course varies according to the subject. Assessment is usually by examination, assessed coursework, or a combination of the two. 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.
After Your Course
Graduate employment
Our graduates have gone on to further study at most of the world’s leading universities, including Harvard, London (UCL and LSE and Imperial College), Oxford and Cambridge and secured jobs in senior positions around the world. Students will be able to benefit from career opportunities in various financial institutions, consultancy businesses and research institutes, including the Institute of International Monetary Research that will be offering several internships to our graduates.
“When studying Money, Banking and Central Banking at The University of ³Ô¹ÏÍø, students receive constant guidance and support. Proof of that is the continued support I have received after graduating to obtain my certificate as an Associate Professional Risk Manager” – David Orozco
Fees & Scholarships
The fees for this course are:
| Start | Type | First Year | Total cost |
|---|---|---|---|
Jan 2025 Full-time (1 Year) | UK | £10,300 | £10,300 |
| INT | £16,480 | £16,480 | |
Jan 2025 Part-time (2 Years) | UK | £5,150 | £10,300 |
| INT | £16,480 | £16,480 | |
Sep 2025 Full-time (1 Year) | UK | £10,300 | £10,300 |
| INT | £16,480 | £16,480 | |
Sep 2025 Part-time (2 Years) | UK | £5,150 | £10,300 |
| INT | £8,240 | £16,480 | |
Jan 2026 Full-time (1 Year) | UK | £10,300 | £10,300 |
| INT | £16,480 | £16,480 | |
Jan 2026 Part-time (2 Years) | UK | £5,150 | £10,300 |
| INT | £16,480 | £16,480 |
The University reserves the right to increase course fees annually in line with inflation linked to the Retail Price Index (RPI). If the University intends to increase your course fees it will notify you via email of this as soon as reasonably practicable.
Course fees do not include additional costs such as books, equipment, writing up fees and other ancillary charges. Where applicable, these additional costs will be made clear.
Scholarship opportunities
Postgraduate first-class scholarship
A first-class scholarship is available to both home and international students studying a taught postgraduate degree at the University. The scholarship will reduce tuition fees by 33%. The scholarship will be automatically awarded to applicants who already have a first-class honours degree that is recognised to UK standard.
Other scholarship opportunities
Details of other scholarships can be found on our Bursaries and Scholarships page. You should make an application to study at the University and receive an offer letter confirming our acceptance of your application before applying for a scholarship.
You may find it useful to visit our External Funding page.
Postgraduate loan scheme
A system of postgraduate loans for Masters degrees in the UK is available with support from the UK Government. The loan is available for taught and research Masters courses in all subject areas. The loans can be used for tuition fees, living expenses or both.
Accommodation
On-campus accommodation
We guarantee on-campus accommodation to all new students for their first four terms of study, as long as it is booked and paid for in good time, so you’re assured of a safe and secure home from home when you arrive at the University. Most new students choose this option.
Living on campus enables you to become involved in University activities, make friends, and integrate with the University community. For some of you this will be your first time in the UK; for others it will be the first time living away from home – and independence brings its challenges as well as its excitements. Whatever your circumstances, we know how important it is for you to feel comfortable in your accommodation.
What’s included?
All our study bedrooms are fully furnished, centrally heated, and connected to the internet. With few exceptions they have a wash basin and small refrigerator. We have a large number of ensuite rooms, and are upgrading more rooms each year. There are shared kitchens for when you wish to cook for yourself.
Find out more
If you’d like to find out more, visit our Accommodation pages or get in touch with our Accommodation Team.
We recommend that all prospective students visit our campus if they are able to, at one of our open days or a Campus Tour, campus tours include a typical student room.