Master of Science in Banking and Finance

Master of Science in Banking and Finance

Course information

Course title Master of Science in Banking and Finance
Course code PMSCBKFPET2
Postnominal M.Sc.(Melit.)
Level of qualification Second Cycle
National Qualifications Framework level Level 7
Duration 6 Semesters
Mode of attendance Part-time Evening
Total ECTS credits 90
Coordinator Joseph Falzon
Delivered by Faculty of Economics, Management and Accountancy
The Master of Science in Banking and Finance will help students grasp the modern theories of banking, investment, finance, stock and bond analysis, and portfolio and wealth management. The Master degree will also assist students to learn how to conduct empirical techniques, to test and verify these same financial theories.

The programme of studies extends over a period of three years of part-time studies spread over 6 semesters. Lectures are held in the evening, normally spread over three days a week.

The programme will be composed of 12 study-units delivered over 4 semesters of part-time evening lectures. Each study-unit will be of 5 ECTS and will have 35 hours of lectures. All study-units will have part of the final grade (25 percent) based on a project, problem sets, or case studies. Workshops and discussions will also be conducted for most of the study-units.

During the last 2 semesters, students will have to write a dissertation of about 25,000 words. Students will also be encouraged to submit a shorter version of their main findings in an academic journal. The dissertation will help students learn how to do independent and serious research in an area of their choice, and will sharpen their skills of summarizing important aspects in the literature and also testing important hypothesis using empirical data.

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The Course shall be open to applicants in possession of:

(a) a Bachelor degree in Banking and Finance from this University, obtained with at least Second Class Honours or

(b) the degree of Bachelor of Commerce from this University with at least Category II, and a minimum average mark of 65% in the credits assigned to the second and third year study-units of the Banking and Finance main area of study or

(c) a degree with at least Second Class Honours or Category II, in any other area deemed relevant by the Board or

(d) a qualification deemed by Senate, on the recommendation of the Board, to be comparable to the qualifications listed in paragraphs (a), (b) and (c),
provided that, in appropriate cases, the Board may require students admitted to the Course to follow and pass supplementary study-units to which a maximum of 12 ECTS credits are assigned in addition to the programme of study.

The admission of applicants under paragraphs (b) and, if necessary, (c) and (d) may be made conditional on the results of an interview conducted for the purpose.

Preparatory Programme

Applicants admitted under paragraphs (b) and, if necessary, (c) and (d) may be required to complete a preparatory programme, comprising not less than 30 ECTS credits and not more than 60 ECTS credits, and to obtain an overall average mark of 55% or better, prior to their registration as regular students on the Course.

The Board may grant students full or partial exemption from the requirement of the Preparatory Programme if it is satisfied that the students possess post-first cycle qualification work experience that is relevant to the Course.

The admission requirements are applicable for courses commencing in October 2020.

For more detailed information pertaining to admission and progression requirements please refer to the bye-laws for the course available here.

UM currently hosts over 1,000 full-time international students and over 450 visiting students. The ever-increasing international students coming from various countries, in recent years, have transformed this 400-year old institution into an international campus.

Our international students generally describe Malta as a safe place, enjoying excellent weather and an all-year varied cultural programme. Malta is considered as the ideal place for students to study.

You can compare your national qualifications to the local requirements by visiting our qualifications comparability webpage.

Access more information about our admission process and English language requirements.

After you receive an offer from us, our International Office will assist you with visas, accommodation and other related issues.

Local/EU/EEA Applicants: Total Tuition Fees: Eur 7,560
Fee per semester: Eur 1,260

Non-EU/Non-EEA Applicants: Total Tuition Fees: Eur 10,800
Yr 1: Eur 5,400 - Yr 2: Eur 5,400 - Yr 3: NIL
The M.Sc. in Banking and Finance will give students the opportunity to:

• appreciate the nature, drivers and economic role (including main products and markets) of international banks.
• show an appreciation of the complementary and competitive aspects of the relationship between financial intermediaries (including banks) and the financial markets.
• become aware of strategic trends and developments in the private banking industry.
• become aware of the key features of the global investment banking industry.
• discuss how external forces, including the internationalization of banking markets, financial innovation, regulation, and technology influence bank strategy.
• become fully conversant with the concepts of arbitrage and limits to arbitrage, crucial to understand pricing of many assets, and the relationship between arbitrage and the concept of efficient markets.
• advise clients – whether retail investors or institutional investors – on different issues central in bond markets, price complex fixed income securities, and basic and complex bond trading strategies.
• be able to properly evaluate the equity markets and build effective portfolios under different market conditions.
• be able to critically appraise the real world relevance of current thinking on exchange rate determination.
• evaluate the performance and financial condition of a company.
• utilize a range of tools to analyze and interpret financial statements, particularly related to the investment management sector.
• familiarize the students with the most common algorithmic trading strategies.
• help students combine theoretical analysis with the implementation of problem solving strategies to solve various financial trading problems.
• enable students to critically analyze and learn from the experiences of countries and financial services institutions in various regulatory circumstances, particularly national and institutional crises experiences.
• enable students to become familiar with various key EU financial services directives.
• help those students who may eventually be working in compliance, legal, or regulatory departments of Financial Services institutions assimilate much quicker the practical day-to-day requirements of their jobs.
• enable students understand the tools, templates, standards and frameworks available to enable a proactive Internal Control which focuses on meeting objectives without any difficulties.
• enable students to look at the critical drivers in Internal Control (Risk Management, Internal Audit Management, Compliance and all the units and lines of defense).
The course is intended for any student wishing to obtain specialized knowledge to become a more effective and qualified bank manager, investment analyst, asset and wealth manager, portfolio manager and hedge fund trader.
On completing the Master degree, the students will have the necessary academic qualification to fill managerial posts in banking, financial institutions, investment companies and hedge funds. They will be able to conduct serious and deep analysis of any investment decision in stocks, bonds, alternative assets, mutual funds, currencies, and commodities. The graduating students will continue to lead the banking and financial services industry in Malta and help it to expand and develop to a higher level of sophistication. They will become effective leaders in this growing industry.
Click here to access the Programme of Study applicable from 2020/1.

Last Updated: 30 September 2020

The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
Unless for exceptional approved reasons, no changes to the programme of study for a particular academic year will be made once the students' registration period for that academic year begins.