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Banking and Digital Finance MSc

The programme focuses on major practical and theoretical applications in banking and the most innovative aspects of digital finance. The programme emphasises the analytical foundation of finance and financial products, focusing on theory and methods and making extensive use of relevant practical applications.

Covid-19 programme updates

Due to COVID-19, there may have been updates to this programme for the 2020 academic year. Where there has been an update, these are indicated with a red alert and a link which will provide further information.

Key information

Programme starts

September 2020

Modes and duration

Full time: 1 year
Part time: 2 years

We aim to schedule compulsory teaching components over two days. Part time students will usually attend one of these days each week.

Application dates

All applicants
Open: 1 November 2019
Close: 11 August 2020
Notification
Due to the large number of applications received, this programme is no longer accepting applications for 2020/21 entry. We apologise for any inconvenience caused. Applications for 2021/22 entry will open later in the year.

Tuition fees (2020/21)

UK/EU:
£29,260 (FT)
£14,730 (PT)
Overseas:
£29,260 (FT)
£14,730 (PT)


Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website.

Location: London, Bloomsbury

Entry requirements

A minimum of an upper second-class Bachelor's degree in an appropriate subject such as Computer Science, Mathematics, Economics or other highly numerate disciplines. Knowledge of mathematical methods and introductory probability and statistics is also required. Applicants must show an interest in developing thinking and problem-solving skills.

English language requirements

If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency.

The English language level for this programme is: Good

Further information can be found on our English language requirements page.

International students

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below.

Select your country:

About this degree

The primary objectives of our Banking and Digital Finance MSc are to provide students with the tools and skills to gain an in-depth understanding of the finance and banking industry. The programme is highly applied and the teaching is also research-driven, thus allowing students to have access to the most innovative aspects of digital finance.

The programme consists of eight compulsory taught modules (120 credits) and a project dissertation (60 credits).

Upon successful completion of 180 credits, you will be awarded a MSc in Banking and Digital Finance.

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.

Compulsory modules

  • Banking and Corporate Finance
  • Financial Analytics and Machine Learning
  • Asset Pricing
  • Corporate Activity and Capital Structure
  • Big Data in Quantitative Finance
  • Finance and Artificial Intelligence
  • Monetary System and Digital Finance
  • Risk Analysis and Quantitative Asset Allocation

Please visit the Banking and Digital Finance MSc programme page for further module details. 

Optional modules

There are no optional modules.

Covid-19 module updates
Due to COVID-19, there may be updates to the modules for your chosen programme of study this year. Some modules may not be available or may need to be moved to a later term or year of study. These updates are relevant for 2020-21 academic year only.  The full list of modules will be available in the module catalogue from late August.  From the first week of September, you will be invited to complete module selection from Portico, our student record system. There may need to be additional updates or changes to modules during the academic year to allow for new guidance from the UK Government and Public Health England. Your department shall keep you updated of these changes as they become available.

Dissertation/research project

All students undertake an independent research project which culminates in a dissertation of 10,000 words (60 credits).

Teaching and learning

The programme will be delivered through a combination of formal lectures, seminars, classes, workshop sessions, and independent or group work. Industry experts in the field of banking and finance have been consulted during the detailed design of the syllabus, and will contribute to teaching. In addition, you will be taught by UCL academic staff with international research reputations, who are specialists in their fields.

Covid-19 contact hours on campus
In Term One, while campus will be open, all the learning activity for the core content of your modules will take place online – including lectures, tutorials, seminars and assessments. By “core content” we mean everything you need to learn to complete the module successfully. In addition to these online contact hours, we will be offering some face-to-face educational activities for students on campus, and we will provide alternative online activities for those students unable to join us on campus. These activities, which will include contact with academic staff, will be relevant to your programme of study may include seminars, academic and employability skills workshops, small-group or individual tutorials, lab and practice-based teaching. UK Government safety guidelines will limit the amount of ‘in person’ activity we can offer and while it will vary from programme to programme, is likely to be no more than 1-2 hours per week. This will vary across departments, particularly if your programme includes laboratory/practical/studio/workshop sessions. You will be updated with more specific details as they are available and your timetable will indicate which sessions will be on campus and which will be available online.
Covid-19 assessment updates
There may be changes to the format of assessments for modules in this programme due to COVID-19. These will be summarised for each module on the module catalogue from 17 August 2020.   If any changes to assessments need to be made during the academic year due to updates in government guidance, these will be communicated to you as soon as possible from your department.    
Communicating further Covid-19 mitigation plans
We are continuing to follow UK Government guidance, as well as the expertise of our researchers, including specialists in health, education, human behaviour and infection prevention, to make sure UCL is as safe as possible during the COVID-19 pandemic. If it becomes necessary to make further changes to your programme as a result of new guidance/regulations, UCL and your department will communicate these as soon as this becomes clear. We will keep you up-to-date with our plans throughout term one, so you have the information you need to be able to take decisions that are right for your circumstances. Please ensure that you keep in touch with your department by regularly checking your UCL emails, Moodle courses, the Coronavirus FAQs for Students page and any UCL online groups or social media you follow.

Additional costs

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs.

Accessibility

Details of the accessibility of UCL buildings can be obtained from AccessAble. Further information can also be obtained from the UCL Student Support & Wellbeing team.

Funding

Scholarships relevant to this department are displayed below.

Brown Family Bursary

Note:
This scheme is now closed for 2020/21
Value:
£15,000 (1 year)
Eligibility:
UK
Criteria:
Based on both academic merit and financial need

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.

Careers

The programme aims to produce graduates who will serve the needs of universal banks, mutual and pension funds, investment banks, governments, central banks, advisory bodies and the fintech industry. The MSc will provide graduates with a systematic understanding of banking, financial systems and the advanced technological application of finance, the external context of these areas, and how they are managed. Graduates will be competent in applying a range of digital tools, taking account of their relationship and interaction with banking and financial markets. Through having gained critical awareness of current issues and the development of financial systems and markets, graduates will be able to convey their knowledge of leading-edge practice and research in the field.

Employability

Once they enter professional practice, graduates from this programme will be able to demonstrate knowledge, understanding and skills in the following areas:

  • analytical aspects of banking and financial markets
  • interpretation and analysis of data and big data 
  • banking products and operations
  • crypto economics
  • AI and machine learning

Why study this degree at UCL?

Global demand is growing for financial managers to be capable of dealing with the interaction between finance and new technologies (fintech). Our Banking and Digital Finance MSc is a specialist Master’s degree designed to address said demands of the next era of technology-led financial services. It is aimed at those already in, or targeting, technology-led finance and banking careers. 

Finance is going through major changes due to disruptive innovations which have developed and accelerated the next era of technology-led financial services. The view of industry is that universities have not kept pace with the continuous innovations taking place in the finance sector. UCL’s Institute of Finance and Technology, the home of Banking and Digital Finance MSc, is addressing this concern from its inception by liaising with industry, government and other influential bodies, including BlackRock, HSBC, European Investment Bank, London Stock Exchange Group, KPMG, WILLIS Re, the Bank of England, HM Treasury, the World Bank and the IMF.

The challenges and opportunities posed by new technologies, and in particular by the Internet of Things, call for unique approaches and cross-discipline analyses. The Institute is built around a vision of finance at the service of major societal challenges. New financial models, embedding technical, environmental and social aspects within financial mechanisms, will be developed by experts in their fields who will pass on this new understanding to future global leaders through our Banking and Digital Finance MSc.

Department: Civil, Environmental & Geomatic Engineering

Application and next steps

Applications

Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

Who can apply?

We encourage applications from prospective students with a background in an appropriate subject such as finance, banking, computer science, mathematics, economics or other quantitative disciplines. Knowledge of mathematical methods and introductory probability and statistics is also required. Applicants must show an interest in developing thinking and problem-solving skills.

Application deadlines

All applicants
11 August 2020

For more information see our Applications page.

Apply now

What are we looking for?

We look for students with drive, intelligence, enthusiasm, and the right aptitude. Applicants should highlight any international experience they have, including international exchanges, trips, internships, fluency in other languages, and/or interest in other cultures. These attributes would be advantageous because applicants are likely to be working in a highly diverse and international environment.

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Page last modified on 13 August 2020