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Banking & Finance MSc

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Build an excellent career in the banking and finance industry. Explore the challenges facing financial markets and the global banking sector. Uncover the complexities of intricate financial principles and data applications to investment problems.

Investment analysts, financial advisors and managers require a thorough understanding of many complex and challenging aspects of banking and financial markets, and our course is explicitly designed to equip you with these essential skills.

The MSc in Banking & Finance at King’s Business School offers a comprehensive finance education. You’ll discover a wide range of topics including commercial & investment banking, financial derivatives, risk management, financial regulation and behavioural finance. By the end of your course, you’ll have all the skills you need for a huge range of careers across the sector.


Key benefit

  • Theory & practice - Our teaching staff consists of expert academics conducting game-changing financial research, alongside active senior finance industry practitioners. This gives students the ultimate combination of practical skills and advanced conceptual understanding.
  • Explore the challenges of tomorrow – our modules focus on areas that have major practical and theoretical application, such as investment analysis and management, portfolio creation and management, investment and commercial banking, asset and risk management, mergers and acquisitions, financial derivatives, quantitative financial analysis, taxation and banking regulation.
  • Masterclasses – Our ungraded modules & masterclasses allow you to enhance your understanding of financial markets, databases, software & programming and increase the possibility of securing internships in financial firms.

Key information

Application status Open

Duration 1 year FT, September to September

Study mode Full-time

Credit value UK 180 / ECTS 90

Course leaders Dr Leone Leonida

Further details

Course contact for further information

Postgraduate Admissions Team, Admissions Office
tel: +44 (0)20 7848 7000
fax: +44 (0)20 7848 7200

Course contact form Postgraduate admissions

Awarding institution King's College London

Faculty King's Business School



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MSc Banking and Finance

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Course detail


The MSc in Banking & Finance at King’s Business School is an innovative course designed to provide you with an in-depth understanding of the finance and banking industry. The programme will also equip you with essential research, analytical and critical thinking skills, preparing you for a range of careers across the finance sector and expose you to challenges raised by the availability of large dataset in corporate finance and asset returns.

You’ll build a strong foundation in key financial principles and techniques through the following selection of core modules:

Quantitative Methods for Finance – Learn the industry-standard methods and modern techniques essential to understanding financial data and approaching issues facing banks today.

Investments - Gain a strong understanding of the end-to-end investment management process and modern investment techniques.

Commercial & Investment Banking – Discover modern financial markets, intermediaries, financial crises and the role of regulation in the financial sector.

Financial Statement Analysis – Study the analysis used by financial institutions to identify suitable investments and learn from current industry practitioners.

Financial Derivatives – Learn the theory and practice of pricing & hedging derivative securities.

You’ll also have the chance to shape your degree to reflect the career you want through our extensive range of elective modules:

Asset Pricing – Explore the core principles of asset pricing theory and understand the risks & premiums of financial assets.

Empirical Finance – Compare the effectiveness of alternative financial theories using real world data.

Applied Risk Management for Banking – Build your understanding of the risks that financial institutions are exposed to and the key tools used to manage them.

Financial Econometrics – Examine the relevant econometric techniques applied to key problems in finance.

Corporate Finance – Learn the methods used to value investments, make corporate financing decisions and evaluate policies corporates undertake to make cash returns or dividend decisions to stakeholders.

Empirical Macroeconomics – Observe modern economic trends and explore large scale financial & economic factors.

Financial Regulation & Governance – Further your understanding of the public policy instruments available in banking, alongside the latest developments of the regulatory landscape to counter the effects of financial crises.

Topics in Applied Finance – Explore the operations of wealth management, financial engineering and shipping finance.

Behavioural Finance – Examine the behavioural biases that financial market participants exhibit and study the resulting asset pricing anomalies.

You’ll also undertake a 15,000 word Research Project (Dissertation), where you will conduct your own in-depth research and apply the knowledge & methods gained from studying our taught modules.


Ungraded modules

As part of the course, you will also have the chance to take ungraded modules alongside the above modules. These will allow you to gain practical, real world financial skills geared towards maximising your employability once you graduate.

We currently offer ungraded modules in the key programming languages, software and environments for finance, including Matlab, Python, C++, R, VBA and Stata. We also offer classes in English for financial career and International Banking and Finance.

Course purpose

Our MSc in Banking & Finance provides a diverse, well rounded and general education in the core principles of finance, giving you the skills to progress into a diverse range of financial careers once you graduate.

Students who complete the MSc successfully will be able to:

  • Employ industry standard techniques and methods used in modern banks and financial institutions.
  • Apply their knowledge and skills to solve theoretical and applied problems in finance.
  • Critically evaluate the impact and effectiveness of current banking practices.
  • Analyse the banking & financial systems of advanced and transitional economies.
  • Communicate effectively and exhibit key skills valuable for both employment in the finance sector and lifelong learning.

The course is suitable for students who have studied finance previously at an undergraduate level, those who have studied management / business / economics, or those who come from quantitative disciplines such as Maths, Engineering or Physics.

Course format and assessment

We use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study.

 Module Lectures, seminars and feedbackSelf-study 
Per 15-credit taught module Between 20 and 30 hours which typically consist of a combination of lectures, case discussion and class activities; there may be some variation in the precise format. Each 15-credit taught module has approximately 120-130 hours of self-guided learning time.
Dissertation module Dissertation workshops and one-to-one supervision. Approximately 596 hours self-study and project work.


Typically, one credit equates to 10 hours of work.

Throughout the degree students are assessed by a variety of methods, which could include written examinations, coursework and individual or group projects and presentations. The dissertation will be assessed on one 15,000-word extended piece of writing. Assignment feedback is provided within four working weeks of submission.

Extra information

Some unique features of our MSc Banking & Finance are:
  • Our programme is designed with a view to securing exemptions from exams run by professional bodies providing professional qualifications.

  • Extensive contributions from respected city professionals and industry experts who also teach you, bringing practical insights into the classroom by applying the theory to real-world scenarios.

  • A fully developed careers programme with careers consultants and extensive industry links that aim to maximise your employment prospects.

  • A set of optional short courses designed to equip you with further practical training and key technical skills for the finance industry

  • State-of-the-art facilities such as a virtual trading floor which provides exclusive access to the latest financial software used in the banking and finance industry, and access to specialised financial and economic databases and software used by economists in finance or in government. These facilities are coupled with a range of courses that familiariseyou with such practical skills as trading and database use.


Year 1

Courses are divided into modules. You will normally take modules totalling 180 credits.
Required Modules

You are required to take:

• Quantitative Methods for Finance (15 credits)

• Investments (15 credits)

• Commercial and Investment Banking (15 credits)

• Financial Statement Analysis (15 credits)

• Financial Derivatives (15 credits)

• Dissertation (60 credits)

Optional Modules

In addition, you are required to take 45 credits from a range of optional modules, which may typically include:

• Asset Pricing (15 credits)

• Empirical Finance (15 credits)

• Applied Risk Management for Banking (15 credits)

• Financial Econometrics (15 credits)

• Corporate Finance (15 credits)

• Empirical Macroeconomics (15 credits)

• Financial Regulation & Governance (15 credits)

• Topics in Applied Finance (15 credits)

• Behavioural Finance (15 credits)

King’s College London reviews the modules offered on a regular basis to provide up-to-date, innovative and relevant programmes of study. Therefore, modules offered may change.

Entry requirements & how to apply

Banking and Finance entry requirements
Minimum requirements

High 2:1


Undergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject) or equivalent overseas qualification. Our programme is most suitable if you have some quantitative background in either finance and/or economics or have a degree with some quantitative elements.

In order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.

Please note: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.

International requirements   Visit our admissions webpages to view our International entry requirements.
English Language requirements Band B Visit our admissions webpages to view our English language entry requirements.


Application procedure

Applications must be made online using King’s online application portal apply.kcl.ac.uk and a non-refundable application fee of £100 applies. Your application will be assessed by academic staff in the department; we aim to process all applications within four to six weeks, but during February, March and holiday periods, applications may take longer to process.

Personal statement and supporting information

You will be asked to submit the following documents in order for your application to be considered:

Personal Statement  Yes

A personal statement is required. This can be entered directly into the online application form (maximum 4,000 characters) or uploaded as an attachment to the online application form (maximum 2 pages).

Previous Academic Study Yes A copy (or copies) of your official academic transcript(s), showing the subjects studied and marks obtained. If you have already completed your degree, copies of your official degree certificate will also be required. Applicants with academic documents issued in a language other than English, will need to submit both the original and official translation of their documents.
References Yes One academic reference is required. A professional reference will be accepted if you have completed your qualifications over five years ago. In some cases, we may request an additional reference from you.
Other Optional Applicants may wish to include a CV (Resume) or evidence of professional registration as part of their application

Application closing date

We recommend that you submit your application as soon as possible. Our first application deadline is the 26th March 2021. After this date, the programme will remain open only if places are still available and will be closed as soon as it is full.  

For programmes that remain open beyond this date, the final application deadlines for the following fee statuses are listed below: 

  • EU or overseas (international) fee status: 30th July 2021 

  • Home fee status: 27th August 2021 

Please note, you will not be eligible for an application fee refund if you apply after the first application deadline in March, and we are unable to process more offers as places are filled before the final application deadlines above. 


Help and support

If you don't have a suitable qualification for direct entry to a UK university, or if English isn't your first language, our academic preparation courses can help you get ready for study in the UK.

Preparation courses

Fees and funding

  • Full time Home fees: £35,500 per year (2021/22)
  • Full time overseas fees: £35,500 per year (2021/22)
  • Part time Home fees: N/A
  • Part time overseas fees: N/A

These tuition fees may be subject to additional increases in subsequent years of study, in line with King’s terms and conditions.


When you receive an offer for this course you will be required to pay a non-refundable deposit to secure your place. The deposit will be credited towards your total fee payment.

The UK deposit is £500.

The INTERNATIONAL deposit is £2,000. 

  • If you receive an offer on or before 31st March, payment is due by 30th April 2021. 

  • If you receive an offer between 1st April and 30th June, payment is due within one month of receiving the offer. 

  • If you receive an offer between 1st July and 31st July, payment is due within two weeks of receiving the offer. 

  • If you receive an offer on or after 1st August, payment is due within one week of receiving the offer. 

  • If you receive an offer from late August onwards, payment is due within 2 days of receiving the offer. 

If you are a current King’s student in receipt of the King's Living Bursary you are not required to pay a deposit to secure your place on the programme. Please note, this will not change the total fees payable for your chosen programme.


We have a number of scholarships available for King’s Business School Master’s students. Please visit our scholarships page for more information.

Additional costs/expenses

In addition to the costs above, you can also expect to pay for: 

  • Books if you choose to buy your own copies 
  • Clothing for optional course related events and competitions 
  • Library fees and fines 
  • Personal photocopies 
  • Printing course handouts 
  • Society membership fees 
  • Stationery 
  • Graduation costs
  • Travel costs for travel around London and between campuses 

Please visit our web pages on fees and funding for more information.

Financial help and support

Visit the fees and funding webpages to find out more about bursaries, scholarships, grants, tuition fees, living expenses, student loans and other financial help available at King's.

Career prospects

Graduates from programmes run previously by the programme directors are highly sought after by investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms and trading companies. Recent employers of these graduates include Capital Investment, Credit Suisse, European Bank for Reconstruction & Development, Fitch Ratings, HSBC and Morgan & Stanley. Some graduates have pursued research degrees in financial mathematics.

Career destinations

  • Capital Investment
  • Credit Suisse
  • European Bank for Reconstruction & Development
  • Fitch Ratings
  • HSBC
  • Morgan & Stanley



Blue box with King's College London rankings. Starting with, 7th in the UK for research quality. Followed by, 6th in the UK for research power. Concluding with, 4th among multi-faculty universities for research Impact. The source is research excellence framework 2014

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