BBS London eProspectus 2013-14

BANGOR BUSINESS SCHOOL LONDON CENTRE Study MBA/MSc degrees at the No 1 Business School in the UK for Accounting, Banking and Finance

2013/14

www.bangor.ac.uk/londonbusiness

If London’s where you want to B...

Choose Bangor Business School A world leading Business School for Banking rated No1 in the UK* - now in the heart of London’s financial district.

facebook.com/BBSLondonCentre twitter.com/BBSLondonCentre We have made all reasonable effort to ensure that the information in this brochure is correct at the time of printing (October 2012).

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* for research in Accounting & Finance (including Banking) according to the UK Government’s most recent Research Assessment Exercise (RAE 2008)

Bangor Business School provided me with a solid academic grounding in economics and business. What I learned at Bangor I still use today in my position as Chief UK Economist at Deutsche Bank in London. The standard of teaching was excellent. Bangor Business School set me up for life, and has helped me enormously in my subsequent studies and my job.

Dr George Buckley Chief UK Economist, Deutsche Bank, London

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Contents 5 6 8 11 12 14 17 18 22 24 26 28 30 32 34 38 40 42 4

Welcome by Head of School About Bangor Business School Bangor Business School London Centre Location Careers Learning Scholarships & Bursaries Staff MBA Banking & Finance / MBA Finance MBA Islamic Banking & Finance MSc Accounting & Finance MSc Banking & Finance MSc Finance MSc International Banking & Development Finance Modules Chartered Banker MBA Application Procedure Accommodation

International Reputation

Welcome to the London base of Bangor University’s renowned Business School, offering a range of cutting-edge MBA and MSc degrees in Accounting, Banking and Finance.

Bangor Business School has been recognised for many years as a leading centre of teaching and research in banking and finance. The UK Government’s most recent research assessment placed Bangor as the number one university in the UK for accounting and finance research (including Banking).

Professor John Thornton Head of Bangor Business School

Our MBA and MSc programmes are designed to meet the needs of those wishing to obtain advanced academic and professional training in the banking and finance area and are also suited to those who wish to pursue careers in the financial sector.

We look forward to developing our London centre and continue to strive to maintain our position as the leading school in the UK for research in the accountancy, banking and financial area.

See you in London soon.

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About...

Bangor Business School Bangor University’s Business School is one of the major European university schools for financial and banking studies offering a full range of disciplines from undergraduate to doctoral level.

In the most recent Research Assessment Exercise, Accounting, Banking and Finance within the Business School has been judged for conducting world-leading research and it leads the UK table, ahead of all other universities conducting research in this area.

Not only the top institution in the UK, Bangor Business School is amongst the world’s Top 30 for Banking research, according to the most recent RePEc (Research Papers in Economics) survey, hosted by the Economic Research Department of the Federal reserve Bank of St. Louis. Bangor is placed 27th in the table – the highest placed UK institution.

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Coupled with our commitment to excellence in research is a commitment to high quality teaching. Staff combine their research careers with a real dedication for teaching.

Students are attracted by its reputation for high quality and expertise, particularly in the area of Banking and Financial Services in which Bangor is a leading European centre housing one of the largest PhD schools of any business school in the UK. Staff research papers and articles are published regularly in leading journals and their books published to a worldwide audience.

In recent years, staff at the Business School have conducted high level consultancy work including major policy studies for many leading organisations like the European Commission, The World Bank and the UK Treasury.

By partnering universities worldwide and engaging with business, industry and external organisations, we offer a broad dimension to academic disciplines, enhancing the academic environment for both staff and students.

Bangor University Established in 1884, Bangor University combines traditional academic excellence with cutting-edge research and facilities.

The latest Research Assessment Exercise (RAE 2008) has confirmed Bangor’s status as a research-led university with an international perspective.

Bangor University is proud of its status as one of the world’s top 275 universities (Times Higher Education World University rankings 2011/12), a ranking based

on key factors such as research performance, academic peer review and faculty-student ratio.

The University is constantly investing in ambitious and high profile projects such as the current development of a world-class Arts and Innovation Centre, worth ÂŁ40 million.

We offer a broad dimension to academic disciplines, enhancing the academic environment for both staff and students.

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Londo experie Bango experti 8

on ence or ise Why London?

From our modern, centrally located offices we offer a first class learning experience and deliver courses respected by international employers. The London centre enables both busy executives and full-time students to benefit from the wealth of knowledge and expertise that exists within Bangor Business School. Whilst executives may combine their busy careers with professional development, full-time students may further develop their knowledge and skills through part-time employment.

Bangor Business School London Centre Building on its No 1 position in the UK for Accounting and Finance (including Banking) research*, Bangor Business School is now delivering a portfolio of specialist MBA and MSc degrees at its centre in the City of London. The London Centre, which is based at the impressive Broadgate Tower, enables the Business School to deliver its cutting edge financial services programmes to individuals who wish to live and study in London. * according to the UK Government’s most recent Research Assessment Exercise (RAE) 2008

Full time programmes September 2013 intake (12 month programmes):

• • • • • • •

MBA Banking & Finance MBA Islamic Banking & Finance MBA Finance MSc Accounting & Finance MSc Banking & Finance MSc Finance MSc International Banking & Development Finance

Part time distance learning programme: • Chartered Banker MBA

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10 Photo: British Land

Location

The Bangor Business School London headquarters is based at the impressive Broadgate Tower (opposite), a brand-new development in the centre of London, in the heart of the banking district and adjacent to Liverpool Street Station.

Close to the Banking district and the Bank of England, the centre is also within easy walking distance of famous London landmarks such as St Paul’s Cathedral and the Tower of London. Broadgate Tower is currently the fourth tallest building in the City of London.

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Careers

Lecturing Staff

Links with Industry

Leaders in the field of Banking and Finance research who teach on the degrees at the Bangor campus also teach at the London Centre. This will give confidence to students that programmes will have similar structure, content and the same high quality as that set at the Bangor University campus. Bangor Business School’s top researchers and senior staff who were responsible for achieving the No 1 position in the UK for Finance and Accounting research, also teach on MBA and MSc programmes. This means that students will receive lecturers by academic staff who are pushing back the frontiers of research. To get to know our staff, see pages 18 – 19 of this brochure.

The Centre places significant value on its links with industry, and its location at the heart of London’s financial district is a key element in this. Academics who teach at the Centre have a very wide range of links with business, banks and international financial institutions. A range of guest speakers from industry are invited to deliver lecturers at the Centre and to share their experiences with the students.

A recent related example involved a group of students being invited to presentations at Bloomberg offices near the Centre. The Centre has arrangements for a small number of internships which are offered (on a competitive basis) towards the end of the programme each year.

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Career prospects Graduates of the London Centre programmes have excellent prospects for pursuing employment in a wide range of roles in the accounting, business, banking and financial sectors of the global economy. The programmes’ emphasis on practical insights enhances students’ employability. The programmes enable students to develop a range of transferable skills which are widely sought in the above sectors. For example, students develop technical skills in accounting, research methods, econometrics and statistical software. They also develop skills in conducting independent research and in working in a team.

The Centre offers specialist advice to students

at various points in the programme in order to prepare them for securing employment after the completion of their studies.

Graduates of Bangor Business School have an impressive track record of employability and some of our alumni are now employed in senior positions across the globe, from Downing Street and Deutsche Bank to Accenture Luxembourg and the Cayman Islands Monetary Authority.

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Learning Blackboard

In addition to face to face lectures, seminars and workshops, students will receive learning support 24 hours a day, 7 days a week by means of Bangor University’s extensively developed online learning resource: ‘Blackboard’.

A virtual learning environment, Blackboard is a powerful tool that supports and enhances students’ learning experience and enables lecturers to upload recordings of every lecture via lecture capture 14

technology, articles, reading materials, financial spreadsheets, financial databases, powerpoint lecture slides and many other resources for students to access.

Each degree scheme, and each module within each degree scheme will have its own dedicated blackboard microsite and the vast majority of all essential material plus supplementary materials is

made available to students via this site. Lively discussions on topical subjects relevant to specific modules can also take place on the blackboard virtual seminar room.

Every module leader will make extensive use of this facility to enhance and support each and every student’s learning and development.

Library and IT Services Every student will be provided with a set of core text books and a laptop, which provides access to blackboard, the online learning resource and to the University Library Services’ electronic reading materials such as e-books and e-journals. Students will also have free access to City Business Library, which is located within a short distance to the Bangor Business School, and all city of London libraries.

I chose Bangor Business School because it is an internationally renowned institution and recognised worldwide for its research in banking, finance and accounting. Being located in the heart of London City, the London Centre provides students with a unique exposure to the world of finance. The various modules have exposed me to and provided me with knowledge in the workings of financial markets, financial instruments, appraisal techniques, corporations’ strategy and financial reports. With a degree from this honourable university, there will be many doors open to me after I graduate.

Mohamed Al-Mahroos, Bahrain MSc Banking and Finance 15

I graduated in Banking and Finance from Bangor in 1983 and have since enjoyed a varied career in finance and general management. My latest role, as Chief Operating Officer at No.10 Downing Street, demonstrates that Bangor has a reputation that is widely respected both in the City, where early in my career I worked in Banking, and in the Civil Service who value highly people with a broad financial background.

Eric Hepburn Chief Operating Officer, Prime Minister’s Office, 10 Downing Street

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Scholarships & Bursaries Platinum and Gold Scholarships

(available for all full time MBA and MSc programmes)

Platinum and Gold Scholarships offered by Bangor Business School provide financial support for full-time students on any of our taught postgraduate degree programmes.

Platinum Scholarships are valued at £10,000 and Gold Scholarships are valued at £5,000.

To be eligible to apply for a Gold or Platinum Scholarship, you must first submit an application for entry to one of the Bangor Business School London Centre full-time Masters degree programmes detailed in this brochure. Every applicant who is issued an official offer of admission will then be invited to apply for a Scholarship and will receive details of how to apply for a Scholarship.

The closing date for Scholarship applications is: 1st March 2013 (first deadline) 1st July 2013 (final deadline)

£2,000 Bursary

All applicants will be automatically considered for a £2,000 bursary. (please note: students will NOT be able to receive both a Platinum or Gold Scholarship AND a £2,000 bursary).

Loyalty Fee Discount (for Bangor Graduates)

Bangor University alumni are eligible for a loyalty discount of £2,000 on fees for any of the programmes offered at Bangor Business School London Centre. (please note: students will NOT be able to receive both the Loyalty Discount and a Scholarship).

Scholarships (for Chartered Banker MBA)

There are a limited number of scholarships available to applicants of the Chartered Banker MBA Programme regardless of the entry route.

Scholarships will be awarded on the strength of applications received. Whilst academic achievement is a key criteria, a broad view of each candidate’s academic, work experience and life achievements will be considered.

Further details of how to apply for a Chartered Banker MBA Scholarship visit the website at: www.charteredbankermba.bangor.ac.uk

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London Centre Academic Directors Professor John Thornton Head of Bangor Business School Professor of Global Finance John Thornton is a Professor of Global Finance. Prior to joining Bangor Business School in 2008 he was with the International Monetary Fund (IMF) in Washington DC, where he was, respectively, an Assistant Director in the Western Hemisphere Department, the Fiscal Affairs Department, and in the Middle East and Central Asia Department.

His responsibilities at the IMF included leading the negotiations for the stand-by arrangements with Ecuador and Argentina following currency and banking crises and debt defaults in these countries, and leading the annual Article IV consultation discussions with Egypt.

He also held posts as the IMF resident representative in Nepal and in Costa Rica.

Professor Thornton has also been a staff member of the Economics Department of the Organisation of Economic Development and Cooperation in Paris, and was Vice President of Economics at Merrill Lynch International in London. He previously spent a year as Lecturer in Banking and Finance at Bangor University and was a Lecturer in Macroeconomics at the Institut d’Etudes Politiques de Paris.

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Professor Phil Molyneux Head of Bangor University’s College of Business, Social Sciences and Law Professor of Banking and Finance Prof. Phil Molyneux’s main area of research is on the structure, efficiency and performance of banking markets and he has published widely in this area. He is series editor of the Palgrave Macmillan Studies in Banking and Financial Institutions and co-editor of the OUP Handbook of Banking.

In 2002, he was appointed as an Expert Adviser on financial services legislation to the European Parliament Committee of Economic and Monetary Affairs. He has also undertaken contract research on policy formation commissioned by the European Commission (2005) and the Spanish Savings Banks Foundation (20032006). He has acted as consultant to the New York Federal Reserve Bank, World Bank, UK Treasury, Citibank Private Bank, Barclays Wealth, Credit Suisse and various other international banks and consulting firms.

He was appointed Danielsson Chair of Banking and Finance at the University of Gothenburg and the Swedish School of Economics in 2002-2003; in 20052006, he was appointed Levob Special Chair of Financial Services at Erasmus University, Rotterdam.

Professor Owain ap Gwilym Programme Director Professor of Finance Prof. ap Gwilym’s main research areas are market microstructure, investment management, and credit risk and credit ratings.

He has published over sixty academic research articles and his work has appeared in a number of internationally recognised journals including Journal of Banking and Finance, Financial Analysts Journal, Journal of Portfolio Management, Journal of Futures Markets, Journal of Derivatives and Journal of Business Finance and Accounting.

Past research papers have been profiled in the Financial Times and the New York Times, and in the 2006 MidWest Finance Association conference he won the Best Paper award.

Prof. ap Gwilym leads the credit ratings research group at Bangor.

He is also co-editor of Credit Ratings International and Credit Ratings in Emerging Markets, published by Interactive Data. He has engaged in projects with Fitch Ratings, Financial Times, Moody’s Investors Service, and Scottish Widows.

Support Staff Elizabeth De-Ben Rockson Centre Manager

Juliette Smeed Academic Co-ordinator

Elizabeth De-Ben Rockson is the London Centre Manager. She has overall managerial responsibility of enhancing the students experience while studying in London and to support the Centre’s publicfacing activities. She is also responsible for working with the Director of Studies in devising and implementing the school’s strategy, priorities and planning, and the dayto-day management and problem solving in relation to all the work of the Centre, including its external partnerships.

Juliette is responsible for supporting London-based students during their studies, providing assistance with study skills, language skills, employment skills and help with their academic progress. She is also responsible for personal support of students at the London Centre and can provide advice and help on issues affecting students’ performance or attendance, including health and wellbeing matters, and familyrelated issues.

Abigail Colaco, India MSc Banking & Finance

Juliette recently moved to London from Auckland, New Zealand, where she worked in both student support and teaching roles in the tertiary sector. Most recently, she tutored and lectured in academic writing and research study skills.

To view all London Teaching Staff profiles, go to: www.bangor.ac.uk/ londonbusiness/staff

I specifically chose the Bangor Business School London Centre as I wanted the best of both worlds - the outstanding faculty of Bangor Business School and the metropolitan experience of London. With such a wide variety of modules on offer, I feel that I’ve gained a much better understanding of the Finance industry, which is my area of interest. Studying at the London Centre has been a wonderful experience and has helped me pave a path towards my future goal of securing a good job in the financial sector either here in the UK or back home in India.

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Bangor University has risen substantially in the Times Higher Education World University rankings 2011-12, and is now placed among the world’s top 275 universities.

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MBA MBA Finance

Banking & Finance

Bangor Business School was the first UK university to offer an MBA in Banking and Finance, and today it continues to be one of Europe’s foremost institutions for financial research and education.

Who should consider studying the MBA Banking and Finance / MBA Finance?

The MBA Banking and Finance and MBA Finance programmes are designed to help ambitious executives accelerate their professional development by providing advanced training focussed on the managerial issues faced by modern financial services firms.

The programmes place particular emphasis on the application of financial, managerial and strategic developments that affect real-world decision making in the global financial industry.

The MBA Banking and Finance and MBA Finance degrees are designed for candidates with degrees or relevant business backgrounds, who wish to develop their expertise and further their professional careers.

Alongside practical insight and skills, students gain analytic training in order to familiarise themselves with the latest strategic, managerial and industrial developments in the financial services sector. With Bangor staff at the forefront of the latest research, students have the added reassurance that teaching is contemporary and reflective of the current industrial climate.

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The course will be of particular interest to: • Graduates who have professional experience in the financial sector; • Managers and accountants in public and private organisations who wish to develop their financial management skills; • Managers employed in the financial services industry; • Graduates contemplating a career in the banking and financial services industry; • Graduates who have relevant practical experience and wish to enhance their skills in the areas of banking and finance; • Finance professionals (like corporate treasurers and accountants) who deal with the financial services industry.

Course structure

The MBA Banking and Finance and MBA Finance are full-time, 12 month programmes consisting of two parts.

Part 1 is taught from September to May, with examinations in January and May. Modules are taught in blocks, with 4 in Semester 1 (September – December), and 4 in Semester 2 (January – April). Continuous assessment is an integral part of all of our taught modules.

The final module mark will be based on both coursework and examinations.

Part 2 consists of EITHER completing a supervised dissertation of around 12,000 words, during the summer months (June to September) to be submitted in September; OR Applied Business Projects, which involves attending a taught programme in June and then completing four project assignments by September.

MBA Banking and Finance Compulsory modules: • • • • • •

Organisations and People Management Research Bank Financial Management International Banking Financial Institutions Strategic Management International Financial Management

Optional modules (choose 2): • • • •

Strategic Management Marketing Financial Services Banking and Development Financial Intermediation

Module descriptors can be found on pages 34 – 36.

MBA Finance

Compulsory modules: • • • • •

Organisations and People Management Research International Financial Markets Portfolio Management International Financial Management

Optional modules (choose 3): • • • • • • •

Strategic Management+ Marketing Financial Services+ Islamic Finance Financial Modelling Financial Institutions Strategic Management Financial Crises and Bank Regulation Islamic Banking*

+ Your optional modules must include Strategic Management or Marketing Financial Services or both. * Islamic Finance is a pre-requisite for Islamic Banking.

Entry Requirements We welcome applications from good graduates in relevant disciplines and from those with equivalent professional qualification and work experience.

A good degree from a reputable university is required, or equivalent overseas qualification and grade.

Alternatively, possession of a suitable professional qualification and practical experience may also be accepted.

If your native language is not English, you must provide satisfactory evidence that you have an adequate knowledge and understanding of written and spoken English.

We require: For MBA Banking and Finance: • IELTS 6.5, with no individual score lower than 6.0 • TOEFL Internet Based: 90, with no individual score lower than 20 For MBA Finance: • IELTS 6.0, with no individual score lower than 5.5 • TOEFL internet based: 80, with no individual score lower than 16

Apply online at:

www.bangor.ac.uk/ londonbusiness/apply

Module descriptors can be found on pages 34 – 36.

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MBA Islamic Banking & Finance Bangor Business School’s MBA in Islamic Banking and Finance is designed to equip executives with the specialist knowledge required for professional development in the international finance sector.

Who should consider studying the MBA Islamic Banking and Finance?

The programme follows many of the same core modules as the Banking and Finance MBA, providing rigorous training in the theory and practise of mainstream financial services management and strategy. Specialist modules in Islamic Banking and Finance provide a particular focus on the theoretical foundations, products, performance, financial instruments and risk management issues of what is by now the preferred way of banking for one fifth of the world’s population.

The MBA Islamic Banking and Finance is designed for candidates with degrees or relevant business backgrounds, who wish to develop their expertise and further their professional careers in the international finance industry.

Teaching staff are active in their research work, allowing students to benefit from an education that reflects contemporary, cutting-edge issues and developments that can be applied in the workplace from the outset.

This taught MBA offers an opportunity to study the structure of the Islamic banking and finance industry, including its theoretical foundations, products, performance, Islamic financial instruments and risk management issues. These and other topics will be studied within the wider context of the banking and finance industry worldwide. The MBA aims to develop executives who will progress quickly to senior management positions in institutions that transact banking business on Islamic principles.

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The course will be of particular interest to: • Graduates who have professional experience in the financial sector; • Managers and accountants in public and private organisations who wish to develop their financial management skills; • Managers employed in the financial services industry; • Graduates contemplating a career in the banking and financial services industry; • Graduates who have relevant practical experience and wish to enhance their skills in the areas of banking and finance; • Finance professionals (like corporate treasurers and accountants) who deal with the financial services industry; • Finance professionals who work in institutions that transact banking business on Islamic principles.

Course Structure

Entry Requirements

The MBA in Islamic Banking and Finance is a full-time, 12 month programme consisting of two parts.

Entry to the MBA in Islamic Banking and Finance programme requires a good undergraduate degree in a relevant subject (e.g. Economics, Finance, Accounting, Management), or a similar qualification from any other institution.

Part 1 is taught from September to May with examinations in January and May. Modules are taught in blocks, with 4 in Semester 1 (September – December), and 4 in Semester 2 (January – April). Continuous assessment is an integral part of all of our taught modules. The final module mark will be based on both coursework and examinations.

Part 2 consists of EITHER completing a supervised dissertation of around 12,000 words, during the summer months (June – September) to be submitted in September; OR Applied Business Projects, which involves attending a taught programme in June and then completing four project assignments by September.

Compulsory Modules: • • • • •

Organisations and People Management Research Islamic Finance Islamic Banking International Banking

Optional Modules (choose 3): • • • • • •

Strategic Management Marketing Financial Services Banking and Development International Financial Management Bank Financial Management Financial Institutions Strategic Management

A good degree from a reputable university is required, or equivalent overseas qualification and grade. Alternatively, possession of a suitable professional qualification and relevant practical experience may also be accepted. In general, however, applicants are judged on their individual merits, and age, work experience and other factors are also taken in to consideration. Whilst work experience is desirable, it is not essential.

If your native language is not English, you must provide satisfactory evidence that you have an adequate knowledge and understanding of written and spoken English.

We require: • IELTS 6.0 (with no individual score lower than 5.5) • TOEFL internet based: 80 (with no individual score lower than 16)

Apply online at:

www.bangor.ac.uk/ londonbusiness/apply

Module descriptors can be found on pages 34 – 36.

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MSc Accounting & Finance

Changes in the business environment create the need for individuals wishing to pursue a senior management role to be aware of contemporary accounting and finance developments.

Understanding these theoretical and practical issues is critical for managers who often have to make rapid and far-reaching decisions about the short term financial operations and long term strategies of firms.

The MSc in Accounting and Finance offers you a unique opportunity to develop an appreciation of the causes and significance of current developments in the financial and corporate sectors, and to study advanced theory and practice relating to accounting and finance.

The aim of the programme is to provide graduates and other individuals that have practical accounting and financial training with the knowledge and skills necessary to pursue a senior level professional career in accounting, financial services or related sectors of the economy.

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What Will I Study?

Issues you will tackle as part of your MSc Accounting and Finance degree programme include: • How are the financial accounts of companies formulated, and how do they differ across jurisdictions?

• What agency issues are important in the creation of company accounts?

• How does accounting theory inform financial and management accounting practice?

• How does regulation impact on the performance of firms, and how do accounting practices highlight profit and/or loss realisation?

• What empirical techniques can be used to evaluate company performance?

• In what ways have financial accounting requirements and auditing been influenced by recent company failures?

• What are the relationships between risk and return governing investment in company shares and other derivative instruments?

• Which factors are most likely to influence the evaluation and implementation of international investment projects?

• How can we calculate a suitable cost of capital to appraise the capital investment decision?

• How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?

• How are futures, options, derivatives and swaps used to manage balance sheet and off-balance sheet risks?

• What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?

• How can financial forecasts be used in business valuation, and what techniques should be used to improve trend analysis and interfirm comparison?

With these needs in mind, the MSc Accounting and Finance programme is designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to accounting and finance.

The programme provides a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of accounting and financial techniques in a real-world setting.

Course Structure The MSc Accounting and Finance is a full-time, year-long programme consisting of two parts.

Part 1 is taught from September to May, with examinations in January and May. Modules are taught in blocks, with 4 in Semester 1 (September – December), and 4 in Semester 2 (January – April). Continuous assessment is an integral part of all of our taught modules.

The final module mark will be based on both coursework and examinations.

Part 2 consists of EITHER completing a supervised dissertation of around 12,000 words, during the summer months (June – September) to be submitted in September; OR attending the Financial Research Seminar Series, which is a taught series on research topics that are specific to our programmes of study. This is delivered in June, students then complete two assignments over the summer and take an exam in September.

Compulsory Modules: • • • • • •

Research Methods Accounting Theory International Financial Markets Advanced Financial Reporting and Regulation Financial Analysis Management Accounting

Optional Modules (choose 2): • • • •

Islamic Finance Financial Econometrics International Financial Management Investment Strategy and Portfolio Management

Entry Requirements Entry to the MSc Accounting and Finance programme requires a good undergraduate degree in a relevant subject, e.g. economics, finance, accounting or management from a university, or a similar qualification from any other institution. Alternatively, possession of a suitable professional qualification and relevant practical experience may also be accepted. In general, however, applicants are judged on their individual merits and age, work experience and other factors are also considered.

We welcome applications from good graduates in relevant disciplines and from those with equivalent professional qualification and work experience.

If your native language is not English, you must provide satisfactory evidence that you have an adequate knowledge and understanding of written and spoken English.

We require: • IELTS 6.0 (with no individual score lower than 5.5 • TOEFL internet based: 80 (with no individual score lower than 16)

Apply online at:

www.bangor.ac.uk/ londonbusiness/apply

Module descriptors can be found on pages 34 – 36.

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MSc Banking & Finance Banking and financial services represents a highly competitive and rapidly changing sector in every modern economy. Changes in customer requirements, technology, competitive conditions and regulation create the need for managers, traders and analysts to make rapid and often far-reaching decisions about their short term operations and long term strategies.

The MSc in Banking and Finance programme offers you a unique opportunity to study advanced theory and practice relating to financial services, and to develop an appreciation of the causes and significance of current developments in this vitally important and dynamic sector of the economy.

ESRC Recognition The MSc Banking and Finance is recognised by the Economic and Social Research Council (ESRC) as the first year of a 1+3 PhD training programme.

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What Will I Study?

Issues you will tackle as part of your MSc Banking and Finance degree programme include: • Why are the banking systems in different countries (such as the UK, Germany, Japan and the US) so diverse?

• What determines the structure, performance and efficiency of banking and financial markets?

• Why do banks and financial intermediaries exist?

• What are the main theories of the banking firm?

• How relevant are financial intermediaries in a world of increasing securitisation and with the evolution of virtual banking?

• How do banks optimally allocate capital?

• Does bank regulation increase or decrease risks?

• How do we measure the risks undertaken by banks?

• Can regulators reduce the likelihood of systemic (system-wide) risk?

• What are the relationships between risk and return governing investment in company shares and other derivative instruments?

• Can market risk be priced accurately? Can credit risk be priced accurately?

• How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?

• How can we assess the investment performance of pension funds, insurance companies and unit trusts?

• How do banks use futures, options, derivatives and swaps to manage their balance sheet and off-balance sheet risks?

• What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?

• How do banks manage their business so as to maintain customer relationships, improve operational efficiency and add shareholder value?

With these needs in mind, the MSc Banking and Finance programme is designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to banking, finance and capital markets. This programme provides a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of financial techniques in a real-world setting.

Course Structure The MSc Banking and Finance is a full-time, year-long programme consisting of two parts.

Part 1 is taught from September to May, with examinations in January and May. Modules are taught in blocks, with 4 in Semester 1 (September – December), and 4 in Semester 2 (January – April).

Continuous assessment is an integral part of all of our taught modules. The final module mark will be based on both coursework and examinations.

Part 2 consists of EITHER completing a supervised dissertation of around 12,000 words, during the summer months (June – September) to be submitted in September; OR attending the Financial Research Seminar Series, which is a taught series on research topics that are specific to our programmes of study.

This is delivered in June, students then complete two assignments over the summer and take an exam in September.

Compulsory modules: • • • • • •

Research Methods Bank Financial Management International Financial Markets Financial Modelling International Banking Financial Econometrics

Entry Requirements We welcome applications from good graduates in relevant disciplines and from those with equivalent professional qualifications and work experience.

A good degree from a reputable university is required, or equivalent overseas qualification and grade.

Alternatively, possession of a suitable professional qualification and practical experience may also be accepted.

If your native language is not English, you must provide satisfactory evidence that you have an adequate knowledge and understanding of written and spoken English.

We require: • IELTS 6.0, with no individual score lower than 5.5 • TOEFL Internet Based: 80, with no individual score lower than 16

Apply online at:

www.bangor.ac.uk/ londonbusiness/apply

Optional modules (choose 2): • • • • • • •

Islamic Finance Financial Institutions Strategic Management Financial Engineering Investment Strategy and Portfolio Management Financial Crises and Bank Regulation Financial Analysis Financial Intermediation

Module descriptors can be found on pages 34 – 36.

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MSc Finance The ever-changing nature of financial markets, financial institutions and business firms has made it increasingly important for finance experts (including financial managers in multinational companies, investment analysts in securities firms, lending officers in banks and other financial institutions and traders in capital markets and dealing rooms) to have a clear understanding of the theory and practice relating to financial market operations and corporate financial strategy.

Familiarity with the most recent developments in risk appraisal, portfolio analysis, the engineering of synthetic products, modelling techniques, financial analysis and valuation are essential requirements for all those involved directly in financial activities or who wish to gain a deeper understanding of this important area of business management.

The MSc Finance programme offers you a unique opportunity to develop an appreciation of the causes and significance of current developments in the financial and corporate sectors, and to study advanced theory and practice relating to financial markets and the financial management of business firms.

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ESRC Recognition The MSc Finance is recognised by the Economic and Social Research Council (ESRC) as the first year of a 1+3 PhD training programme.

What will I study?

Issues you will tackle as part of your MSc Finance degree programme include: • What are the relationships between risk and return governing investment in company shares and other derivative instruments?

• Can market risk be priced accurately?

• Can credit risk be priced accurately?

• Which factors are most likely to influence the evaluation and implementation of international investment projects?

• How can we calculate a suitable cost of capital to appraise the capital investment decision?

• How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?

• How can we assess the investment performance of pension funds, insurance companies and unit trusts?

• How are futures, options, derivatives and swaps used to manage balance sheet and off-balance sheet risks?

• What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?

• How can spreadsheets be used to develop financial models, and what techniques are required to obtain computational solutions to finance problems?

• What are the main features of financial engineering, and how can one asset be transformed into another?

• What are the design features of synthetic assets, and how do they help us to develop strategies for hedging risks?

• How can financial forecasts be used in business valuation, and what techniques should be used to improve trend analysis and interfirm comparison?

With these needs in mind, the MSc Finance programme is designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training so that they are familiar with the latest theoretical and practical developments relating to corporate finance and the capital markets. This programme provides a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of financial techniques in a real-world.

Course Structure The MSc Finance is a full-time, year-long programme consisting of two parts.

Part 1 is taught from September to May, with examinations in January and May. Modules are taught in blocks, with 4 in Semester 1 (September – December), and 4 in Semester 2 (January – April). Continuous assessment is an integral part of all of our taught modules.

The final module mark will be based on both coursework and examinations.

Part 2 consists of EITHER completing a supervised dissertation of around 12,000 words, during the summer months (June – September) to be submitted in September; OR attending the Financial Research Seminar Series, which is a taught series on research topics that are specific to our programmes of study. This is delivered in June, students then complete two assignments over the summer and take an exam in September.

Compulsory modules: • • • • • •

Research Methods International Financial Markets Financial Modelling Financial Engineering Financial Econometrics Investment Strategy and Portfolio Management

Entry Requirements Entry to the MSc Finance requires a good undergraduate degree in a relevant subject, e.g. Economics, Finance, Accounting or Management from a university, or a similar qualification from any other institution.

Alternatively, possession of a suitable professional qualification and relevant practical experience may also be accepted. In general, however, applicants are judged on their individual merits and age, work experience and other factors are also considered.

If your native language is not English, you must provide satisfactory evidence that you have an adequate knowledge and understanding of written and spoken English.

We require: • IELTS 6.0, with no individual score lower than 5.5 • TOEFL Internet Based: 80, with no individual score lower than 16

Apply online at:

www.bangor.ac.uk/ londonbusiness/apply

Optional modules (choose 2): • • • •

Islamic Finance International Financial Management Financial Institutions Strategic Management Financial Crises and Bank Regulation

Module descriptors can be found on pages 34 – 36.

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MSc International Banking & Development Finance

Banking and financial services represents a highly competitive and rapidly changing sector in every modern economy.

Changes in customer requirements, technology, competitive conditions and regulation create the need for managers, traders and analysts to make rapid and often farreaching decisions about their short term operations and long term strategies.

The MSc International Banking and Development Finance offers you a unique opportunity to study advanced theory and practice relating to financial services, and to develop an appreciation of the causes and significance of current developments in this vitally important and dynamic sector of the economy.

ESRC Recognition The MSc International Banking and Development Finance is recognised by the Economic and Social Research Council (ESRC) as the first year of a 1+3 PhD training programme.

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What will I study?

Issues you will study as part of your MSc International Banking and Development Finance degree programme include: • Why do financial markets fail?

• How does bank regulation take account of the risks facing international banks across different countries?

• What are the likely policy responses of multilateral financial institutions?

• What is the role of the foreign bank in promoting banking system efficiency in developing countries?

• Are there any adverse outcomes associated with liberalisation and, if so, how would the institutional environment affect this?

• How do you explain the expansion of international banking markets and where are the efficiency gains?

• Why are the banking systems in different countries so diverse?

• What determines the structure, performance and efficiency of banking and financial markets?

• How volatile are international capital flows and how is monetary policy employed during episodes of financial distress?

• Why do banks conduct investment and private banking, what risks do they face, and what are the main strategic and performance features facing the global private and investment banking industry?

• How do we measure the risks undertaken by banks?

• Can regulators reduce the likelihood of systemic risk?

• What are the relationships between risk and return governing investment in company shares and other derivative instruments?

• Can market risk be priced accurately? Can credit risk be priced accurately?

• How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?

• How do banks use futures, options, derivatives and swaps to manage their balance sheet and off-balance sheet risks?

• What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?

With these needs in mind, the MSc International Banking and Development Finance programme is designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to international banking, development finance and international capital markets. This programme provides a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of banking and financial techniques in a real-world setting.

Course Structure The MSc International Banking and Development Finance is a full-time, yearlong programme consisting of two parts.

Part 1 is taught from September to May, with examinations in January and May. Modules are taught in blocks, with 4 in Semester 1 (September – December), and 4 in Semester 2 (January – April).

Continuous assessment is an integral part of all of our taught modules. The final module mark will be based on both coursework and examinations.

Part 2 consists of EITHER completing a supervised dissertation of around 12,000 words, during the summer months (June – September) to be submitted in September; OR attending the Financial Research Seminar Series, which is a taught series on research topics that are specific to our programmes of study. This is delivered in June, students then complete two assignments over the summer and take an exam in September.

Compulsory modules: • • • • •

Research Methods Bank Financial Management International Financial Markets Banking and Development International Banking

Optional modules (choose 3): • • • • • •

Entry Requirements We welcome applications from good graduates in relevant disciplines and from those with equivalent professional qualifications and work experience.

A good degree from a reputable university is required, or equivalent overseas qualification and grade. Alternatively, possession of a suitable professional qualification and practical experience may also be accepted.

If your native language is not English, you must provide satisfactory evidence that you have an adequate knowledge and understanding of written and spoken English.

We require: • IELTS 6.0, with no individual score lower than 5.5 • TOEFL Internet Based: 80, with no individual score lower than 16

Apply online at:

www.bangor.ac.uk/ londonbusiness/apply

Islamic Finance Financial Institutions Strategic Management International Financial Management Financial Econometrics Investment Strategy and Portfolio Management Financial Crises and Bank Regulation

Module descriptors can be found on pages 34 – 36.

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Modules Accounting Theory This module critically evaluates a widespread and widely based set of theories that underpin any explanation of accounting behaviour and accounting regulatory output. Several of the most relevant theories borrow heavily from other subject areas, notably economics, finance, politics and social theory. You will examine the links between accounting and these disciplines, and analyse regulation in the light of the insights gained.

Advanced Financial Reporting and Regulation This module provides an advanced treatment of the main theoretical principles underlying financial reporting, and the practical implications of alternative regulatory regimes. Financial reporting underpins all of the work of a professional accountant, and is a vital part of the process of communication between the firm and its stakeholders.

Banking and Development This module critically evaluates the theory underlying the policy of financial liberalisation, and examines its implementation, primarily in developing countries. The impact of financial liberalisation on the financial systems of developing countries is analysed in depth.

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Bank Financial Management

Financial Econometrics

This module provides a grounding in the nature, strategic context and managerial functions of financial management in banks and other financial services firms. Three key themes are: identification and management of the trade-off between risk and return; improvement of a bank’s value using market models; and external market-based tests of bank performance

This module provides advanced coverage of econometric methods and practices that are used to model financial and business data.

You will develop the independent capability to design, estimate and evaluate appropriate econometric models using econometric software.

Financial Analysis This module analyses the techniques that are used to evaluate a company’s financial position and performance. You will examine the principles underlying inter-firm comparison (comparing the performance of one firm with another) and trend analysis (comparing the performance of the same firm over different periods).

Financial Crises and Bank Regulation This module examines why banks and financial markets are inherently vulnerable to crises, and analyses the role of policy makers and institutions. The roles of monetary policy, bank supervision and regulation, corporate governance and ratings agencies in mitigating or exacerbating crises are considered.

Financial Engineering This module develops a combined theoretical and practical approach to derivatives pricing and financial engineering. You will develop an understanding of the mathematical and stochastic models that are required to understand and replicate the analytical techniques used in financial engineering.

Financial Institutions Strategic Management This module examines the main theoretical and practical issues concerning banking business. You will develop a critical awareness of the theory of the banking firm, the motives for international banking, and regulatory and structural issues impacting on bank behaviour.

Financial Modelling This module develops a combined theoretical and practical approach to mathematical modelling for specialists in finance. The module emphasises numerical methods and other analytic approaches to financial modelling.

Financial Intermediation This module provides a theoretical foundation for the theory of financial intermediation, and examines core empirical papers in the banking literature.

International Financial Markets This module provides an overview of financial instruments in a multi-currency world, taking account of insights from portfolio theory concerning the relationship between risk and return, the diversification of risk, and the pricing of assets.

Investment Strategy and Portfolio Management This module evaluates the development of investment strategies for bonds, equities and derivatives that are designed to achieve optimal risk-return outcomes, and examines the measurement and evaluation of the performance of a portfolio of investments.

International Banking This module examines the origins of international banking, the activities of international banks, the markets in which they participate, and the sources of risk. You will investigate the determinants of the efficiency of international banks, and evaluate the implications for banks’ strategic decision-making.

International Financial Management In this module the financial management of multinational companies and the influence of macroeconomic, fiscal, currency and political environments on business and financial decision-making are examined in an international and global context.

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Islamic Banking This module provides an insight into the key features of Islamic banking business. The first part of the course outlines the theoretical foundations and development of Islamic banking practices. In particular, the main characteristics of various types of Islamic banking products are discussed. The second part of the course examines the operational features of Islamic banks focusing on their performance and how they compete with conventional interest-based banks. The final part of the course outlines contemporary challenges to Islamic banking business.

Islamic Finance This course provides an insight into topical issues relating to Islamic financial instruments and related risk management issues. The first part of the course examines issues relating to financial contracting, instruments and various intermediation issues.

The second part of the course focuses on the role of the capital market in providing Islamic financing and highlights financial engineering issues and well as risk management features of this type of business.

Management Accounting

Organisations and People

This module provides an understanding of the uses of financial data in measuring and evaluating business performance, and in setting the strategic aims of the organisation. The module aims to show that there is no simple set of formulae for constructing a universally “good� management accounting system, but there are methods, which, when sensibly applied, can be useful tools for developing effective management in any particular situation. The module emphasises the use of current management accounting techniques, and evaluates their strengths and weaknesses.

This module examines key issues arising from contemporary research in organisational behaviour and human resource management. It provides an integrated analysis of management, organisations and people, developing the conceptual, strategic and practical skills necessary for managers in complex, global organisational contexts.

Management Research This module analyses the philosophical basis for research in the management sciences, and examines a number of key methodological issues and approaches. Research designs for both quantitative and qualitative research methodologies are developed, including interviews, case studies, focus groups, surveys and experiments.

Marketing Financial Services This module critically evaluates the contributions of various schools of thought in marketing, and examines the relevant analytical models and management practices, with emphasis on the strategic importance of marketing to all organisations.

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Research Methods This module develops knowledge of intermediate and advanced research methods, and provides a basis in research methodology for those who may eventually wish to pursue research degrees.

Strategic Management This module analyses strategic decision-making within business. You will develop a critical understanding of the strategic processes of business management, the interconnections with the functional domains of marketing, human resource management and corporate finance, and the management of knowledge systems.

Professor Dr. Hj. Muhammed-Shahid bin Ebrahim Chaired Professor of Islamic Banking and Finance at Bangor Business School

Bangor Business School is a unique school in the UK striving to be a leader of education in the field of Islamic banking and finance as well as mainstream banking and finance. Our faculty members are well-published scholars in the field. This has allowed us to reach the highest ranking in the most recent Research Assessment Exercise in accounting and finance in the whole of United Kingdom.

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Chartered Banker MBA Bangor Business School is the only institution in the UK to offer the Chartered Banker MBA, a ground-breaking new qualification that allows you to gain the dual award of a top MBA in Banking and Finance and the coveted ‘Chartered Banker’ status – the highest professional award available to bankers worldwide.

‘Chartered Banker’ status is awarded by the Chartered Institute of Bankers in Scotland, the oldest banking institute in the world and the only remaining professional banking institute in the UK. It is committed to raising the standards of professionalism at all levels in banking and financial services, and to rebuilding public confidence and trust in banks and bankers.

Designed for busy professionals, the Chartered Banker MBA emphasises professional and vocational development, enhancing the understanding and application of those skills required in 21st century banking. This MBA experience brings together high level skills and knowledge from an Internationally recognised University and centre of Research Excellence with the professional and managerial competencies of a World leading Professional Institution dedicated to the profession of banking.

In short the Chartered Banker MBA provides a qualification that combines everything demanded in the new, postcrisis banking environment.

Who should consider it?

The unique Chartered Banker MBA is aimed at senior individuals in banks and other financial services firms, or those seeking to join the industry, who wish to extend their knowledge and understanding and to acquire the skills to cope with the change in the ever-evolving financial services industry.

Accelerated Route Applicants with an approved professional banking qualification may be admitted to the accelerated Chartered Banker MBA route. This means that applicants may be exempted from some modules.

Super Accelerated route Applicants with a recognised MBA may be admitted to the ‘super accelerated’ route.

This means applicants may be eligible to study as little as four modules to gain the dual qualification of ‘Chartered Banker MBA. ’Suitably qualified Bankers with Executive level experience may also be considered for this route.

These will be assessed on a case by case basis.

Alternative route to entry Two new routes are available to join The CBMBA programme for 2013: • Post Graduate Certificate in Business Administration (Chartered Banker) To gain this award you will study four modules.

• Post Graduate Diploma in Business Administration (Chartered Banker) To gain this award you will study eight modules.

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Students who successfully gain one of the above awards may choose to return at a later date to complete their MBA, subject to certain University time limits. Entry onto the Post Graduate Certificate or Diploma will be assessed in the same way as entry onto the MBA Programme.

Programme Overview When undertaking the Chartered Banker MBA you study eight Compulsory Modules and four Electives to gain the 180 credits needed for the full degree and dual award of ‘Chartered Banker MBA’.

Compulsory Modules: • • • • • • • •

Financial Institutions Risk Management Credit and Lending Professional Ethics and regulation Corporate Finance Corporate Strategy Managerial Economics Research Methods Human Resources / Organisational Behaviour

Entry Requirements We welcome applications from graduates with a good first degree. Alternatively, possession of an approved professional qualification and practical experience may also be accepted. Candidates who do not have a formal degree or professional qualification, but who have several years of approved management experience will also be considered.

English • IELTS 6.0, with no individual score lower than 5.5 • TOEFL Internet Based: 80, with no individual score lower than 16

Work experience Applicants should have a minimum of 3 years experience at a relevant level.

For details of how to apply, go to:

www.charteredbankermba.bangor.ac.uk/ admissions

Optional Modules (choose 4): • • • • • • • • • • •

Marketing Strategy International Banking Financial Analysis New Venture Creation Financial Crises and Regulation Islamic Banking and Finance Capital Markets and Treasury Management Private Banking and Wealth Management Global Monetary & Macroeconomic Policy Financial Services Compliance Retail Banking

Module descriptors are available on the Chartered Banker website at:

www.charteredbankermba.bangor.ac.uk

Student Membership of The Chartered Institute of Bankers Students also benefit from student membership of the institute for the duration of their studies.

This gives you access to a wide range of specialist support in the field of Banking, including training courses and professional advice.

This is a new and innovatory MBA for the global banking industry.

It combines the high level skills and professional competencies that will be increasingly necessary for the post-crisis banking environment.

Lord Mervyn Davies of Abersoch Former Government Minister and Chairman of Standard Chartered Bank

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Application Procedure To apply for entry onto any of the full time MBA and MSc programmes based at the London Centre, candidates must use the on-line application form. Paper applications WILL NOT be accepted: www.bangor.ac.uk/londonbusiness/apply

Please read the Guidance Notes before you start to complete the on-line application form.

For the Chartered Banker MBA, candidates should refer to the Chartered Banker MBA website for details of how to apply for entry onto this particular programme: www.charteredbankermba.bangor.ac.uk/admissions

Tuition Fees • MBA Banking and Finance • MBA Finance • MBA Islamic Banking and Finance £18,000 • • • •

MSc Accounting and Finance MSc Banking and Finance MSc Finance MSc International Banking and Development Finance £16,500

Please note: the above fees include all core text books and a laptop.

• Chartered Banker MBA £15,750 / £7,750 (accelerated route) For details about Scholarships and Bursaries, please refer to page 17 of this brochure.

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We have links with student accommodation providers in the city for those studying at Bangor Business School in London.

All accommodation benefits from good bus and underground rail connections to Liverpool Street Station, which is located less than 5 minutes walk from Bangor Business School, with many residences offering extraordinary views of London.

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Accommodation

Further details about student accommodation in London and how to apply for accommodation is listed on our website at: www.bangor.ac.uk/londonbusiness/accommodation

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Bangor Business School London Centre The Broadgate Tower 12th Floor 20 Primrose Street London EC2A 2EW T: +44 (0) 207 596 2873 E: londonenquiries@bangor.ac.uk www.bangor.ac.uk/londonbusiness