Banking & Finance MBA

A Master in Business Administration is a post-graduate qualification covering all areas of business and management in depth. It is possible to focus on a particular subject in detail by studying a specialised MBA. Potential applicants might consider studying for an MBA in banking and finance for a number of reasons:

The comprehensive training provided by the course prepares students in theory and practice for the changes and developments in the world of finance.

To develop technical skills including risk management and performance evaluation as well as a clear, real-world understanding of their application

It is a desirable qualification to have when seeking a job or promotion within the financial services sector.
It may lead to more senior positions and a higher salary.

Who should consider an MBA is banking and finance?

These courses are designed specifically for graduates who have hopes of building successful careers in global banking and finance and, as with most MBAs, are generally suited better to those who already have professional and practical experience in the business, and specifically the financial sector. It may be the next step for those who already hold a relevant or related qualification in accountancy or similar. For example, someone currently working in management or accountancy in the public or private sector or whose current role involves dealing with financial services might want to gain a specialist MBA in order to further their knowledge and understanding of the industry, pursue a more key position or a change in role.

Objectives of the course

An MBA in banking and finance is designed to deliver a comprehensive framework within which to familiarise students with up to date, current financial developments and provide an overview of contemporary banking and finance from a management perspective from which students can build successful careers. Students will focus on building managerial and strategic techniques that may be practically applied in the industry on a global scale. Many courses will places emphasis on the importance of understanding and analysing international banking and financial markets. Students will use case studies and real-life situations to develop analytical, managerial and crisis resolution skills.

Typically courses will build on existing knowledge and proceed to cover the following key areas in detail: supervising financial regulation; managing risks, assets and liabilities; strategies for managing financial institutions and markets; handling private equity, venture capital, mergers and acquisitions.

Practical things to consider

The duration of the course will be a factor to contemplate; it is possible to complete an MBA in banking and finance in one year of full time study or alternatively, students may choose to study part time which may take up to five years. Distance learning is also an option which allows students flexibility to complete modules at their own pace, to fit around their schedule; this of course also provides freedom in terms of location.

The cost of an MBA can vary dramatically between institutions, and it is worth noting that the more highly respected an awarding body, the higher their fees will be. An MBA in banking and finance can cost from approximately £8,000 to £20,000, which generally will not include books, materials or living costs. With this in mind, it is important to consider if taking an MBA is absolutely necessary to achieve the goals and progression aspired to. However, some employers will sponsor their employees to take an MBA for professional development purposes.

Where to study

Below are a number of institutions offering MBAs in banking and finance in the UK.

University of Birmingham
Global Banking & Finance MBA
Duration: 1 year full time
Start date: September

Bangor University
Banking and Finance MBA
Duration: 1 year full time

University of London
Banking MBA
Duration: 2 to 5 years part time
Start date: November, January or June

Durham Business School
Global MBA (finance)
Duration: Distance learning, flexible modules

Nottingham University Business School
MBA Finance
Duration: 1 year full time