Programme Specification Title: International Investment Banking Final Award: Master of Science (MSc) With Exit Awards at: Postgraduate Certificate (PG Cert) Postgraduate Diploma (PG Dip) Master of Science (MSc) To be delivered from: 19 Sep 2016 Level Date Masters or Postgraduate Certificate (PG Cert) 2017-18 Masters or Postgraduate Diploma (PG Dip) 2017-18 Masters or Master of Science (MSc) 2017-18 Page 1/23
Table Of Contents 1. Introduction... 3 2. Basic Programme Data... 4 3. Programme Description... 5 3.1 Overview... 5 3.2 Aims and Objectives... 6 3.3 Variations to Standard Regulations and Guidance... 6 4. Programme Outcomes... 7 4.1 Knowledge and Understanding... 7 4.2 Subject Specific Intellectual Skills... 7 4.3 Subject Specific Practical Skills... 7 4.4 Transferable Skills and Attributes... 8 5. Learning, Teaching and Assessment Strategies... 9 5.1. Learning and Teaching Strategy... 9 5.2. Assessment Strategy... 10 6. Programme Structure... 11 Appendix I - Curriculum Map... 12 Appendix II - Assessment Map... 14 Appendix III - Benchmark Analysis... 18 Appendix IV - Benchmark Statements(s)... 21 Page 2/23
1. Introduction This document describes one of the University of Lincoln's programmes using the protocols required by the UK National Qualifications Framework as defined in the publication QAA guidelines for preparing programme specifications. This programme operates under the policy and regulatory frameworks of the University of Lincoln. Page 3/23
2. Basic Programme Data Final Award: Programme Title: Exit Awards and Titles Master of Science (MSc) International Investment Banking Postgraduate Certificate (PG Cert) Postgraduate Diploma (PG Dip) Master of Science (MSc) Subject(s) Finance Mode(s) of delivery Full Time Part Time Is there a Placement or Exchange? UCAS code Awarding Body Campus(es) School(s) Programme Leader Relevant Subject Benchmark Statements Professional, Statutory or Regulatory Body Accreditation No University of Lincoln Lincoln Campus Programme Start Date 2017-18 Lincoln Business School Dimitrios Vortelinos (dvortelinos) Page 4/23
3. Programme Description 3.1 Overview The recent financial crises in the USA and Europe triggered the interest of the public towards the international interlinks of investment banking. According to the Graduate Market Report 2016, investment banking alone (without banking and finance) is the fourth industry in the United Kingdom with the largest number of graduate vacancies in 2016. The investment banking sector also offers the highest graduate salaries across all industries or business sectors. Investment Banking roles vary from wealth managers, private bankers and corporate financiers to compliance officers and analysts. This programme will critically evaluate current concepts and techniques in banking, finance, risk management, and other areas associated with international investment banking. It will introduce you to a range of empirical research methods, services and practices in the investment banking industry. A feature of the programme concerns regulation and policy interventions on banking and finance. The modules you will take consider international aspects of banking and finance and you will have the opportunity to perform research based on your chosen country. A minimum 2:2 honours degree and grade C or above in GCSE Mathematics is required for entry. International Students will require English Language at IELTS 6.0 with no less than 5.5 in each element, or equivalent. http://www.lincoln.ac.uk/englishrequirements The University of Lincoln offers international students (non EU/UK) who do not meet the direct entry requirements for a postgraduate degree course the option of completing a pre-master's programme at the University s International Study Centre. The programme consists of eight taught modules and an independent study element supported with a module in research methods and design. All modules are compulsory: Term 1 - Commercial Bank Management - Private Banking and Wealth Management - Quantitative Methods for Economics and Finance I - Portfolio Analysis Term 2 - Investment Banking - Risk Management in Banking - Quantitative Methods for Economics and Finance II - International Macroeconomics and Finance In addition you will undertake: - Research Methods for Banking, Finance and Economics - Independent Study for Banking, Finance and Economics The programme is targeted at both full-time and part-time students at both local (Home/EU) and international students. Part-time students will take two modules per teaching term. The mix of modules for each term will be agreed upon with the programme leader and will depend on the background of the student. To qualify for a Postgraduate Certificate in International Investment Banking, you should have Page 5/23
completed satisfactorily sixty credits involving modules from all the three core programme areas: a Quantitative Methods (Quantitative Methods for Economics and Finance I or Quantitative Methods for Economics and Finance II), a Finance (International Macroeconomics and Finance, Portfolio Analysis) and a Banking (Commercial Bank Management, Private Banking and Wealth Management, Investment Banking, Risk Management in Banking) module. The Business School organises a series of career events on an annual basis to inspire and support students in securing a job and thinking about their career development in the longer term. The events provide examples of career roles and journeys and create opportunities to network with employers. More information about the University s career services can be found from the following website: http://uolcareers.co.uk. 3.2 Aims and Objectives The overall aim of the programme is to enhance students' horizons on investment banking and to provide the students with the skills and critical mindset to conduct in-depth and innovative analysis to make sound investment decisions. More specifically, the programme objectives are to: - Provide a challenging and a highly rewarding student learning experience based on research informed teaching - Equip students with the theoretical and empirical foundations of investment banking with a focus on applying theory to resolve practical problems - Inculcate in students the desire and drive to engage in a continuous learning process they are required to adopt for pursuing a career in investment banking The QAA Subject Benchmark statement for Master's programmes in Business and Management (2015) has been used as a reference point in developing the programme. 3.3 Variations to Standard Regulations and Guidance None. Page 6/23
4. Programme Outcomes Programme-level learning outcomes are identified below. Refer to Appendix I Curriculum Map for details of how outcomes are deployed across the programme. 4.1 Knowledge and Understanding On successful completion of this programme a student will have knowledge and understanding of: 1 How to quantify and critically apply key concepts and models in the area of international investment banking 2 How to critically interrogate and evoke literature and theory related to international investment banking 3 How to apply theoretical frameworks to different disciplines in international investment banking and appreciate the limitations of such frameworks 4 Recognise major risks within international investment banking and how to critically assess and evaluate them 5 How core concepts and practices within international investment banking can be critically applied to particular problems 4.2 Subject Specific Intellectual Skills On successful completion of this programme a student will be able to: 6 Demonstrate an understanding and critically reflect on professional practice in international investment banking 7 Critically evaluate best practices and regulation compliance in international investment banking services 8 Identify, employ and reflect on how Econometric methods apply to different research questions 9 Using a range of techniques, critically analyse empirical data relavant for international investment banking 10 Justify the choice of concepts and models of best practice in the international investment banking industry 4.3 Subject Specific Practical Skills On successful completion of this programme a student will be able to: 11 Use appropriate statistical software packages to analyse and interpret financial and economic data 12 Conduct numerical analyses to test theories and professional practice in international investment banking Page 7/23
13 Conduct and critically apply research in areas of international investment banking 14 Communicate and critically present banking related information to a variety of audiences through a range of media 4.4 Transferable Skills and Attributes On successful completion of this programme a student will be able to: 15 Critically and actively synthesise the learning in order to aid problem-solving and decision-making 16 Identify and critically reflect on and evaluate relationships between methods, processes and outcomes 17 Strengthen and draw implications for the improvement of practice from contemporary thinking 18 Analyse and process data and critically evaluate the findings For details of each module contributing to the programme, please consult the module specification document. Page 8/23
5. Learning, Teaching and Assessment Strategies 5.1. Learning and Teaching Strategy Students are expected to become aware of the interrelations of the concepts and frameworks in international investment banking. Modules commence with theory and tools in the practice of investment banking and culminate in more decision-based assessments. Although didactic teaching remains important, group discussions of professional situations and problems, making use of case studies as well as professional bodies' guidelines will be emphasised. It is expected that students will bring their own professional experiences to the classroom. While investment banking operations can be either national or international, the programme will put more emphasis on the international side of this sector in support of the University's internationalisation agenda, with modules covering topics of international relevance. The programme employs different teaching and learning methods designed to meet its aims. The teaching style varies because of the individual module objectives. For example, in Quantitative Methods for Finance module, statistical software will be taught in computer labs. In International Finance, students will work with macro data, based on theory. Risk Management in Banking will use case studies as well as regulatory directives from international banking authorities. Bond Pricing and Fund Management concentrates on the applied and empirical aspect of portfolio management theory. All banking modules (Commercial Bank Management, Private Banking and Wealth Management, and Investment Banking) will provide insight on the operations of banks and other financial institutions. Apart from the suggested textbooks, students are expected to read journal articles and current news. All lecturers will include discussions and debating opportunities in their classes. Class sizes remain small allowing for the interactive teaching and learning approach needed for professional oriented and academically coherent subject areas. Mature students have the opportunity to bring to the class their own experiences from different professional environments. The use of technology is an important element of the programme and student learning. For example, Datastream provides students with the real data, while EViews is the statistical software package used for statistical analysis across the modules. The programme also endorses the use of on-line learning resources, bulletin boards and discussion groups. The University's virtual communication system (Blackboard) will be used as a platform for this activity. The University of Lincoln regards students as collaborators in the production of knowledge. This teaching and learning philosophy is referred to as the Student as Producer principle. Accordingly, students learn through their own research as well as through traditional models of teaching. In the Business School, the programmes support this principle through the provision of technologies and learning spaces which may include DATASTREAM, EVIEWS, FT.COM, and STATA. Students also research organisational settings, individual behaviour, and the developments of the markets and the business environment to learn about and produce analysis in the business and management area. According to the Student as Producer principle, learning is more effective when it takes place in a collaborative way. On accounting, finance or economics, students engage in class discussion and exercises to learn together. There may also be more formal group work that leads to an assessment. The students also embark on an independent study project through which they investigate a topic related to accounting, finance or economics by collecting and interrogating primary or secondary data. The Business School has an excellent Library support network and students are encouraged to make use of the dedicated Library support team. There is an active English Language Support Centre where students can enhance their English without additional fees. In addition there is Maths and Page 9/23
Stats help available in the library. 5.2. Assessment Strategy The programme's learning outcomes are assessed through written exams and individual coursework. Feedback is offered to students on formative assessments. For those modules that are exam assessed, formative mock exams will take place in order to help students to understand the structure of the exam and evaluate their learning before a graded assessment. Details of module assessment strategies are included within each module specification. A research dissertation is supported by research training sessions and by the emphasis which individual modules place on research. It is planned that formal assessment submissions will be made via Turnitin, a software through which lecturers can provide written feedback and check the originality of submitted work. Page 10/23
6. Programme Structure The total number of credit points required for the achievement of Postgraduate Certificate (PG Cert) is 60. The total number of credit points required for the achievement of Postgraduate Diploma (PG Dip) is 120. The total number of credit points required for the achievement of Master of Science (MSc) is 180. Level 4 Title Credit Rating Core / Optional Independent Study for Banking Finance and Economics 2017-18 45 Core Research Methods for Banking, Finance and Economics 2017-18 15 Core Masters Title Credit Rating Core / Optional Risk Management in Banking 2017-18 15 Core Quantitative Methods for Economics and Finance I 2017-18 15 Core Quantitative Methods for Economics and Finance II 2017-18 15 Core Portfolio Analysis 2017-18 15 Core Private Banking and Wealth Management 2017-18 15 Core International Macroeconomics and Finance 2017-18 15 Core Investment Banking 2017-18 15 Core Commercial Bank Management 2017-18 15 Core Page 11/23
Appendix I - Curriculum Map This table indicates which modules assume responsibility for delivering and ordering particular programme learning outcomes. Key: Delivered and Assessed Delivered Assessed Level 4 Independent Study for Banking Finance and Economics 2017-18 Research Methods for Banking, Finance and Economics 2017-18 PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PO11 PO12 Independent Study for Banking Finance and Economics 2017-18 Research Methods for Banking, Finance and Economics 2017-18 PO13 PO14 PO15 PO16 PO17 PO18 Masters Commercial Bank Management 2017-18 International Macroeconomics and Finance 2017-18 Investment Banking 2017-18 Portfolio Analysis 2017-18 Private Banking and Wealth Management 2017-18 Quantitative Methods for Economics and Finance I 2017-18 Quantitative Methods for Economics and PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PO11 PO12 Page 12/23
Finance II 2017-18 Risk Management in Banking 2017-18 Commercial Bank Management 2017-18 International Macroeconomics and Finance 2017-18 Investment Banking 2017-18 Portfolio Analysis 2017-18 Private Banking and Wealth Management 2017-18 Quantitative Methods for Economics and Finance I 2017-18 Quantitative Methods for Economics and Finance II 2017-18 Risk Management in Banking 2017-18 PO13 PO14 PO15 PO16 PO17 PO18 Page 13/23
Appendix II - Assessment Map This table indicates the spread of assessment activity across the programme. Percentages indicate assessment weighting. Level 4 Independent Study for Banking Finance and Economics 2017-18 Research Methods for Banking, Finance and Economics 2017-18 Independent Study for Banking Finance and Economics 2017-18 Research Methods for Banking, Finance and Economics 2017-18 Independent Study for Banking Finance and Economics 2017-18 Research Methods for Banking, Finance and Economics 2017-18 Independent Study for Banking Finance and Economics 2017-18 Research Methods for Banking, Finance and Economics 2017-18 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 40 50 10 49 50 51 52 EP 1 (Wk EP 2 (Wks Page 14/23
Independent Study for Banking Finance and Economics 2017-18 100 Research Methods for Banking, Finance and Economics 2017-18 16) 33, 34, 35) Masters 01 02 03 04 05 06 07 08 09 10 11 12 Commercial Bank Management 2017-18 40 International Macroeconomics and Finance 2017-18 Investment Banking 2017-18 Portfolio Analysis 2017-18 40 Private Banking and Wealth Management 50 2017-18 Quantitative Methods for Economics and Finance I 2017-18 Quantitative Methods for Economics and Finance II 2017-18 Risk Management in Banking 2017-18 13 14 15 16 17 18 19 20 21 22 23 24 Commercial Bank Management 2017-18 International Macroeconomics and Finance 2017-18 Investment Banking 2017-18 Portfolio Analysis 2017-18 60 Private Banking and Wealth Management 2017-18 Quantitative Methods for Economics and 100 Page 15/23
Finance I 2017-18 Quantitative Methods for Economics and Finance II 2017-18 Risk Management in Banking 2017-18 30 25 26 27 28 29 30 31 32 33 34 35 36 Commercial Bank Management 2017-18 International Macroeconomics and Finance 2017-18 40 60 Investment Banking 2017-18 40 Portfolio Analysis 2017-18 Private Banking and Wealth Management 2017-18 Quantitative Methods for Economics and Finance I 2017-18 Quantitative Methods for Economics and 100 Finance II 2017-18 Risk Management in Banking 2017-18 Commercial Bank Management 2017-18 International Macroeconomics and Finance 2017-18 Investment Banking 2017-18 Portfolio Analysis 2017-18 Private Banking and Wealth Management 2017-18 Quantitative Methods for Economics and Finance I 2017-18 Quantitative Methods for Economics and Finance II 2017-18 Risk Management in Banking 2017-18 37 38 39 40 41 42 43 44 45 46 47 48 Page 16/23
49 50 51 52 EP 1 (Wk 16) Commercial Bank Management 2017-18 60 International Macroeconomics and Finance 2017-18 Investment Banking 2017-18 60 Portfolio Analysis 2017-18 Private Banking and Wealth Management 2017-18 50 Quantitative Methods for Economics and Finance I 2017-18 Quantitative Methods for Economics and Finance II 2017-18 Risk Management in Banking 2017-18 70 EP 2 (Wks 33, 34, 35) Page 17/23
Appendix III - Benchmark Analysis This table maps programme learning outcomes to relevant QAA subject benchmark statements or PSRB guidelines. Knowledge and Understanding PO1 PO2 PO3 PO4 PO5 PO1 PO2 PO3 PO4 PO5 BAM01 BAM02 BAM03 BAM04 BAM05 BAM06 BAM07 BAM08 BAM09 BAM10 BAM11 BAM12 BAM13 BAM14 BAM15 BAM16 BAM17 BAM18 PO1 PO2 PO3 PO4 PO5 BAM19 BAM20 Subject Specific Intellectual Skills PO6 BAM01 BAM02 BAM03 BAM04 BAM05 BAM06 BAM07 BAM08 BAM09 Page 18/23
PO7 PO8 PO9 PO10 PO6 PO7 PO8 PO9 PO10 BAM10 BAM11 BAM12 BAM13 BAM14 BAM15 BAM16 BAM17 BAM18 PO6 PO7 PO8 PO9 PO10 BAM19 BAM20 Subject Specific Practical Skills PO11 PO12 PO13 PO14 PO11 PO12 PO13 BAM01 BAM02 BAM03 BAM04 BAM05 BAM06 BAM07 BAM08 BAM09 BAM10 BAM11 BAM12 BAM13 BAM14 BAM15 BAM16 BAM17 BAM18 Page 19/23
PO14 PO11 PO12 PO13 PO14 BAM19 BAM20 Transferable Skills and Attributes PO15 PO16 PO17 PO18 PO15 PO16 PO17 PO18 BAM01 BAM02 BAM03 BAM04 BAM05 BAM06 BAM07 BAM08 BAM09 BAM10 BAM11 BAM12 BAM13 BAM14 BAM15 BAM16 BAM17 BAM18 PO15 PO16 PO17 PO18 BAM19 BAM20 Page 20/23
Appendix IV: Benchmark Benchmark Statement(s) Page 21/23
BAM01 - Students should demonstrate a systematic understanding of relevant knowledge about organisations, their external context and how they are managed BAM02 - Students should demonstrate application of relevant knowledge to a range of complex situations taking account of its relationship and interaction with other areas of the business or organisation BAM03 - Students should demonstrate a critical awareness of current issues in business and management which is informed by leading edge research and practice in the field BAM04 - Students should demonstrate an understanding of appropriate techniques sufficient to allow detailed investigation into relevant business and management issues BAM05 - Students should demonstrate creativity in the application of knowledge, together with a practical understanding of how established techniques of research and enquiry are used to develop and interpret knowledge in business and management BAM06 - Students should demonstrate ability to acquire and analyse data and information, to evaluate their relevance and validity, and to synthesise a range of information in the context of new situations BAM07 - Students should demonstrate conceptual understanding that enables the student to: A. evaluate the rigour and validity of published research and assess its relevance to new situations. B... BAM08 - Students should demonstrate ability to conduct research into business and management issues that requires familiarity with a range of business data, research sources and appropriate methodologies, and for such to inform the overall learning process BAM09 - Students should demonstrate ability to communicate effectively using a range of media (for example, orally, in writing, and through digital media) BAM10 - Students should demonstrate ability to operate effectively in a variety of team roles and take leadership roles, where appropriate BAM11 - Students should demonstrate ability to take an international perspective including understanding the impact of globalisation on businesses, societies and the environment and the ethical implications BAM12 - Masters Graduates should be able to apply consistently their knowledge and subject-specific and wider intellectual skills BAM13 - Masters Graduates should be able to deal with complex issues both systematically and creatively, make sound judgments in the absence of complete data, and communicate their conclusions clearly to a range of audiences BAM14 - Masters Graduates should be able to be proactive in recognising the need for change and have the ability to manage change BAM15 - Masters Graduates should be able to be adaptable, and show originality, insight, and critical Page 22/23
Powered by TCPDF (www.tcpdf.org) University of Lincoln Programme Specification - Master of Science (MSc) International Investment Banking and reflective abilities which can all be brought to bear upon problem situations BAM16 - Masters Graduates should be able to make decisions in complex and unpredictable situations BAM17 - Masters Graduates should be able to behave ethically and with integrity and manage with a strong sense of social responsibility BAM18 - Masters Graduates should be able to evaluate and integrate theory and practice in a wide range of situations BAM19 - Masters Graduates should be able to be self-directed and able to act autonomously in planning and implementing projects at professional levels BAM20 - Masters Graduates should be able to take responsibility for continuing to develop their own knowledge and skills Page 23/23