BSc Finance and Investment Banking

BSc Finance and Investment Banking is an official CFA Program Partner

Course overview

Highlights

  • 97% overall student satisfaction, 3rd highest in the UK for finance undergraduate degrees
  • CFA official programme partner 
  • IMC Advantage partner
  • A practically oriented degree which specialises in investment banking, financial markets and corporate finance issues
  • Diverse learning in large scale lectures, small group seminars, workshops and trading simulations taught by academics and market practitioners

Course overview

If you have any questions, please contact us by email at admissions@icmacentre.ac.uk or by phone on +44 (0)118 378 6497

Careers & internships

Careers

Here at the ICMA Centre, we recognise the importance of career development and have integrated specialist career management into the programme, thereby providing our students with a tool kit to help them achieve their career aspirations. Our graduates enter the market with knowledge and skills to enable them to gain excellent careers in areas such as sales and trading, asset management, operations and risk management. Our statistics show that typically more than 90% of graduates are in employment or further study within 6 months of graduating

Internships

Through the duration of this course, students are expected to undertake an eight to ten week working internship throughout the summer vacation between the second and third year. This invaluable experience can provide students with excellent experience and skills to add to their CV, as well as the opportunity to network. The ICMA Centre provides assistance in identifying and applying for internships with CV grounding and honing interview techniques.

Entry requirements

GCSE: Mathematics and English grade B or above.

A and AS Levels: Achieve grades AAA-AAB in three A level subjects. Must include a minimum B grade at AS level Mathematics.

International Baccalaureate: Achieve 35 overall. Must also include grade 5 in standard level Mathematics.

We also welcome students with other qualifications e.g. Scottish and Irish Highers.

International Foundation Programme: Overall average of ‘Distinction’ level results. Please note that the foundation programme must contain a core element of Mathematics.

English requirements

If English is not your first language, you may be required to take one of the following:

TOEFL (Test of English as a foreign language): overall score of 88 with no less than 17 in Listening and Writing, 18 in Reading and 20 in Speaking

IELTS (British Council International English Language Test): Score of 6.5 overall with no less than 5.5 in any component of the test.

Examinations and Assessment

The majority of units are examined with an element of coursework. You must pass your first year examinations in order to proceed to the second year, however these results do not count towards your final degree. The results of your second and third year examinations are combined to form your final degree classification, these are weighted a third and two thirds accordingly.

 

Fees and funding

UK/EU students

The tuition fee for new students in 2016-2017 will be £9,000. Payment of this fee can be deferred, by means of a tuition fee loan, until after you have finished at university and are earning at least £21,000 (or equivalent) per year. PLEASE NOTE: All fees are set for one year only.

International Students

Band 2 £18,400 – the BSc Finance and Investment Banking and BSc Finance and Psychology fall under this band.
Band 2 courses are programmes that have a significant laboratory or ‘workshop’ content

These fees cover tuition, matriculation, examination, graduation and membership of the Students’ Union. They refer to the current academic year.

Why study at the ICMA Centre?

students-on-grass-WK-700x300-tny “National league tables show that Henley Business School consistently provides one of the most satisfying and rewarding student experiences in the UK.” Professor John Board, Dean.   Part of the triple-accredited Henley Business School and top 1% University of Reading, the ICMA Centre has a global reputation for its excellence in undergraduate, postgraduate and executive education in finance, as well as professional and policy development research and consultancy.   Based in University of Reading’s award-winning Whiteknights campus – a short train ride from London, the financial capital of the world – the ICMA Centre is the product of the first active collaboration between the securities industry and a university finance department.   Find out more about:

Compulsory modules

Introduces you to the key financial markets, exchange mechanisms and the investment banks and investment management houses that operate in these markets and their various functions.
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20

Provides you with a knowledge of the key concepts that underlie the valuation of financial assets, including an examination of the pricing of stocks, bonds and options. The module also provides an introduction to modern portfolio theory, a discussion of how to measure risk and return, and an analysis of whether financial markets are efficient. The trading simulation part of the module will introduce you to computer simulation of securities dealing and spreadsheet modelling. You will be taught the relevant theory and will experience how this theory works in a virtual dealing environment.
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20

Examines the principal financial statements produced by companies. You will cover many areas including: the concepts of profit and capital; the balance sheet and profit and loss account; company accounts; and cash flow statements ? all are essential ingredients in corporate valuation.
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10+10

An introduction to economics for students of business and finance. The module aims to provide an introduction to both microeconomics and macroeconomics sufficient to help students of business and finance understand the economic forces at play and economic framework that underpins their specific field.
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20

This module introduces students to a range of quantitative techniques that are commonly applied in business, finance and management. The module will cover both introductory statistics and mathematical techniques that are necessary for a good understanding of financial theories and to be able to develop and understand the models used in business and finance.
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20

This module aims to provide students with an understanding of the assurance process, specifically in relation to the assessment of internal controls and gathering of evidence on an assurance engagement. This module also aims to introduce students to the fundamental notions of governance, sustainability and corporate responsibility as they apply to the management of a business and to introduce the basic concepts of professional ethic.
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20

Compulsory modules

The module aims to build on the techniques for portfolio selection that have been introduced in the Securities, Futures and Options module. The module examines the issues involved in understanding the investment market, constructing a competitive investment portfolio (of an active, passive or smart beta style), evaluating the performance of that portfolio, and adjusting its composition through time. It will also consider issues revolving around the management of risk. The compulsory, practical project of the course will provide students with hands-on experience in constructing and managing a realistic investment portfolio.
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20

The main aim of the module is to provide a rigorous grounding of the theory and practice of corporate finance and more specifically the long-term managerial decisions associated with investments, financing and payout and how they affect the value of the firm. It deals with how corporations are governed and structured, the financing alternatives, structures and processes involved (IPOs, SEOs, Private Equity, Bank Debt and Corporate Bonds), the payout policy of the firm (dividends and repurchases) as well growing through mergers and acquisitions. The module also extensively deals with advanced financial analysis and enterprise valuation methods employed by investment professionals and investment banks. Students are involved in a bespoke investment banking pitch-book simulation whereby they have to work on a team and produce financial analysis on a real transaction and assess the company’s strategic alternatives.
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20

  • Financial Modelling: Provides a rapid introduction to using MS Excel to solve a variety of practical problems related to finance. Many careers in banking and finance ow require candidates to possess a strong grounding in spreadsheet modelling and a working knowledge of Visual Basic for Applications (VBA).
  • Career Management Skills: Provides you with the opportunity to develop self-awareness in the context of career decision making, extends knowledge of the career opportunities that are available to you, and the skills to make effective applications.

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20

There are two overall objectives to this module:
  1. To develop an appreciation of the “fixed income” market by exploring traditional and innovative debt instruments and methods of pricing.
  2. Moving to a portfolio context, you will explore how different financial institutions use portfolios of debt instruments to achieve stated objectives.
The module also extends and builds upon the computer simulation of securities dealing that was examined in the Part I module Introductory Finance/Trading Simulation I.
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20

This module introduces students to the econometric techniques that are used in the empirical finance literature. Building on Introductory Quantitative Techniques for Finance module, this module aims to give students a solid understanding of the econometric approaches that are commonly employed to test financial theories.
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20

Optional modules

This module aims to develop and add to the knowledge, understanding and skills of financial accounting and reporting acquired on the level 4 module Introductory Financial Accounting. The module focuses on the technical and conceptual requirements of the regulatory framework for financial reporting.
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Choose from a variety of foreign languages (from beginner through to advanced). For more information please visit IWLP(Institute Wide Language Programme).
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Compulsory modules

Designed to combine the theoretical and practical approaches to derivatives pricing and trading. You will gain an overview of derivative securities and markets and a thorough understanding of derivatives pricing and trading. You will also be guided on the use of derivatives data and shown how to apply theoretical models and strategies presented in class through a number of case simulations in the dealing room. The trading cases involve both discrete and continuous time models and will require you to both trade and build hedging portfolios using put and call options.
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20

Introduces you to current techniques for measuring and managing risk in financial institutions. This module will help you to develop critical risk management skills that are now considered indispensable for anyone wanting to undertake a career in the financial sector. Topics include: types of financial risks, bank capital regulation, value-at-risk and expected shortfall, back-testing, variance forecasting, VaR decomposition and minimisation, credit rating systems and credit risk modelling.
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20

Optional modules

For the remaining modules you may choose four of the following:

Designed to combine theoretical and practical approaches to exotic derivatives in different markets: equity, FX, interest rates and credit. The objectives of the module include providing you with an overview of the exotic products in different markets, familiarising you with the different pricing approaches and models, highlighting the importance of engineering and innovations in financial products and showing how to apply the theoretical models and engineering strategies presented in class through a number of assignments.
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20

The aim of the research project is to allow students to define and execute a piece of research in finance on a topic of their choice, with direction from an academic supervisor and with assistance from a doctoral student support supervisor.
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20

The basic aim of this module is to equip students with a firm understanding of the structure and operation of the foreign exchange and short-term interest rate markets. This will not only provide the technical knowledge required to trade in or use those markets, but will also introduce and illustrate a number of key financial concepts such as balance sheet constraints, liquidity, funding issues, no-arbitrage pricing and arbitrage. The module has a strong practical flavour. Students will be given the opportunity to trade various money market instruments on simulated electronic markets.


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Introduces the characteristics of private equity as an alternative asset class and the different strategies for establishing a private equity or venture capital fund. Students will learn how to prepare a business plan for the purpose of raising finance and to appraise it as an investment executive. Topics include selecting and approaching private equity and venture capital firms; venture capital and the venture capital investment process; management buyouts; the due diligence process; different strategies for investment; exit routes, including IPOs and trade sales.
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20

Provides students with an understanding of finance and the ability to place financial innovations within a contemporary and historical framework. Modules will vary from year to year but may include: the history of finance; pensions and the cult of the equity; commodities; current issues in finance; asset pricing; corporate finance; and risk management.
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20

This dynamic and interactive module aims to inspire students and provide them with the entrepreneurial skills and confidence needed to put plans into action. Students will learn from the experience of successful entrepreneurs and are given a solid understanding of the realities of a business start-up. Topics include entrepreneurial forms and behaviour, creativity and innovation, idea development and feasibility testing, understanding market dynamics and satisfying customers, raising finance, intellectual property, networking, writing a business plan and pitching to investors.
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Choose from a variety of foreign languages (from beginner through to advanced). For more information please visit IWLP(Institute Wide Language Programme).
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*Please note that you cannot choose both a Language and the Practice of Entrepreneurship.