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International Banking and Finance
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Module descriptors more >
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Learning Outcomes more >
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Welcome from programme director professor Michael Collins
Professor Michael Collins

I am very pleased to be able to offer this exciting new part-time MSc in International Banking & Finance. It is a Masters programme of the prestigious University of Leeds, one of the top Russell Group universities in the UK. Modules on the programme will be delivered within first-class teaching facilities located in Manama, Bahrain, exclusively by staff of Leeds University Business School (LUBS). All teaching staff are first rate academics in their own fields of Banking and Finance, publishing in leading journals and/or having business links with the financial sector, bringing a wealth of academic and practical knowledge to the programme.

Students on the programme will be part of the academic community of the University of Leeds, with internet access to all postgraduate services of the university. Students will also be joining LUBS which is one of the world’s leading business schools (e.g. ranked 48th in the world by the Financial Times, Global MBA, 2008 and 52nd in the world by the Economist, Which MBA?, 2007). LUBS is EQUIS, AMBA and CIPD accredited and has over 2,000 postgraduate and undergraduate students.

The MSc in International Banking & Finance is particularly suitable for those already employed in the financial services sector and who seek skill enhancement and promotion, as well as for those who hope to have a future career in the financial services sector.

The Programme will be taught in English, on a part-time basis, over two years.

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A leading programme from a leading European business school
Leeds University at Night

You can enhance your future career prospects by joining an elite group of banking professionals, here in Bahrain, on this prestigious Masters programme. The programme is aimed at ambitious finance professionals, working in the Gulf, who are looking to improve their career path in the public or private sector and manufacturing or services organisations.

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Earn a top qualification from a top university without leaving your job
building at night

Management Development Centre International and Leeds University Business School in the UK have specially tailored this programme to the needs of professionals in the Gulf so they can continue their careers without disturbing their current employment arrangements. In fact, it can bring great benefits to employers during the lifetime of the programme.

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Our MSc has several features to make it special
Leeds University

Top lecturers fly in to deliver weekend modules… so the University comes to you.

The programme is based on the same programme students undertake on campus, tailored for the needs of the Gulf finance professional.

Leeds University Business School will handle all academic matters.

Students are fully registered students of the University.

The degree is awarded in the same way, with the same wording as if studied on campus.

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Here’s how it works
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How does it work?
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This part-time programme consists of twelve modules (or subjects), taught over two years.

It provides specialised education in Banking and Finance, in Bahrain, delivered by University of Leeds staff who are leading experts in their field.

It is particularly suitable for those already employed in the financial services sector and who seek skill enhancement and promotion, as well as for those who hope to have a future career in the financial services sector.

The Programme is to be taught in English.

Teaching methods include lectures, seminars, case studies, videos, syndicate exercises, with an emphasis on participative problem-solving. Delivery will take place in-country (Bahrain), with each module being taught over four days in block format in order to facilitate attendance by students in employment. Students are required to attend for a four-day period (including weekends) at approximately two monthly intervals for each module.

Assessment of each module is by written examination or assignment, and is every two months prior to new lecture - ie 9am - 12noon. Degree classification will conform to the standards and regulations employed within the Leeds University Business School for its Masters programmes.

Students attaining an average mark of 70% will be awarded a Distinction; and an average mark of 60% will be awarded a Merit. A Pass requires an average mark of 50% across all 180 credits studied. In addition, for the award of a Masters, students must complete all the programme modules and pass 10 from 12 of those modules (allowing students to compensate for lower performance in two modules by excellent performance elsewhere). Students who successfully complete the programme will be awarded a Masters degree of the University of Leeds.

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Programme structure

The MSc will comprise 180 credits in the form of 12 taught modules (each worth 15 credits if successfully completed). All elements of the Programme are compulsory. The module names and codes are set out in the following table:

Ref Module Credits
  Induction 0
LUBS5086 Corporate Finance 15
LUBS5088 Business Accounting 15
LUBS5090 International Business Finance 15
LUBS5092 International Banking and Finance 15
LUBS5094 Retail Banking 15
LUBS5096 Corporate Governance 15
LUBS5084 Quantitative Methods in Risk Management 15
LUBS5098 International Investment 15
LUBS5150 Risk and Insurance 15
LUBS5082 Islamic Banking and Finance 15
LUBS5152 Financial Analysis 15
LUBS5154 Consumer and Corporate Credit 15
  Total 180

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Mode of delivery

Each module will consist of 150 hours of Student study. There will normally be three elements to Student study:

  • a taught element
  • a self-learning element
  • a distance-learning element

The taught element will consist of workshops taught in English by Leeds University Business School staff. Each workshop will be four days long (total of 30 hours). These elements will be delivered in Bahrain, and will involve a mix of teaching materials, including lectures, case studies, videos, class discussion, group exercises, etc.

The second element will comprise one hundred hours of Student self-learning. This time will include preparation for workshops, post workshop reading and researching and preparation for module assessments.

The distance-learning element will comprise around twenty hours of on-line or paper-based input (or equivalent) of teaching materials and exercises, to be completed in advance of attending the module.

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Timing and Duration

The timing and duration of teaching will be in twelve blocks over twenty three months.

The Workshops will normally be taught every 8 weeks on

Wednesday: 1:30pm - 6:30pm

Thursday: 9:30am - 6:30pm

Friday: 9:30am - 6:30pm

Saturday: 9:30am - 6:30pm

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Module descriptors (in order of delivery to students).
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Corporate Finance
Drawing on finance theory, this module considers financial markets, market efficiency, principles of investment management, corporate capital structure and dividend policy, derivative markets, commodities and currencies. Providing a critical understanding of the principles for effective financial decision making in a corporate enterprise.

Business Accounting
Providing an understanding of financial statements; interpreting them effectively; accounting information for external publication; use of internal financial information for planning, decision-making, control and performance measurement; analysis of cost behaviour; assessment of the viability of short and long-term projects; and analysis of deviations between actual and budgeted results.

International Business Finance
The international financial system and international financial management; exchange rate determination; foreign exchange markets, futures, options and swaps; exchange risk, country risk and its effective management.

International Banking and Finance
The current challenges and issues facing the world's international financial institutions and markets, with a focus on problems, issues, development, reform and policy. Central banking; comparative banking systems; regulation; financial instability; bank failures; bank M&A.

Retail Banking
Retail banking environment and operations; banks’ corporate and marketing strategies; regulatory framework; bank-customer relationships; impact of technology.

Corporate Governance
The theory and practice relating to corporate governance; the relationship between governance and ownership; role of institutional shareholders; board of directors, directors’ remuneration and corporate behaviour; role of accounting and auditing; the market for corporate control; impact on the financial structure and dividend decision.

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Quantitative methods in risk management and derivative pricing
The basic theory, tools and terminology of financial mathematics and their application to models and techniques that analyse real world situations; the Cox-Ross-Rubinstein binominal model; concepts of no-arbitrage and mean-variance in the calculation of fair prices; CAPM risk returns calculation; hedging and insurance; concept pf Value-at-Risk; credit risks and credit derivatives.

International Investment
Theories underpinning portfolio construction and the pricing of assets within an international context; evaluation of equities and bonds; evaluation of the extent to which securities are priced efficiently across international markets and the factors which may prevent the integration of markets; emerging markets; and the international bond markets.

Risk and Insurance
This module covers the main principles of life and non-life insurance from an actuarial perspective. Topics include financial planning, underwriting and selection, mortality trends, and life insurance mathematics.

Islamic Banking and Finance
Shariah law applied to financial markets; major opportunities and problems facing Islamic banking today; Islamic banking in the global economy; financial products and innovation; governance issues in Islamic banking; risk management and stability; regulatory framework for Islamic banks, in Muslim countries and elsewhere.

Financial Analysis
The relationship between corporate strategy, financial analysis and stock market performance. Analysis of financial information, strategic corporate audits; creative accounting; evaluation of corporate stock market performance; statement; evaluation of M&A activity; financial distress and corporate failure.

Consumer and Corporate Credit
The nature of credit markets for consumer and commercial lending. Decision processes and credit management practices from the perspective of the lender, with emphasis on modern risk modelling and management techniques.

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Entry Requirements

Applicants should usually have:

  • A good first degree (2.1 or better) or equivalent qualification in a relevant first degree or equivalent, e.g. accounting, finance, economics, mathematics. In exceptional circumstances, applicants without a first degree will be considered on the basis of their relevant work experience and potential for benefiting from the programme.
  • A pass in an approved test in English, if English is not your first language. Two such tests available internationally are:
    • the Test of English as a Foreign Language (TOEFL), administered by the Educational Testing Service in the US. For the paper-based test a score of at least 580 overall and 4.0 in the Test of Written English are required. The computer-based test requires scores of at least 240 overall and 4.0 in essay-writing. An internet-based test (TOEFL iBT) is available - applicants must achieve a minimum overall score of 94 with a minimum of 20 in Listening, 23 in Reading, 23 in Speaking and 24 in Writing.
    • the International English Language Testing Service (IELTS) test, administered by the British Council, in which scores of 6 or more in each section and an overall score of 6.5 are required.

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Learning Outcomes
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This Masters programme provides you with knowledge of advanced concepts and empirical findings in Banking and Finance and related financial areas– including International Banking & Finance, Retail Banking, Islamic Banking, International Business Finance, Consumer & Corporate Credit, International Investment, Corporate Governance, Corporate Finance, Risk & Insurance, Quantitative Methods in Risk Assessment, Business Accounting, and Financial Analysis.

The programme will provide you with a knowledge and understanding of banking and financial systems, institutions and organisations; a capability for analytical study and appraisal; a range of skills relevant to financial institutions, multinational corporations and investors; more general study skills of problem solving, decision making, and quantitative analysis; as well as a range of personal and interpersonal skills, including self-managed and co-operative learning, effective communication including presentation skills, report writing and the use of information technology.

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Streaming Video
How does it work? Hear from a former student
Lecture Former Student
Hear from Rob Rice About MDCI
Rob Rice Lecture

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Programme Fees

The total programme fee covers University registration, study guides, textbooks, intensive seminars and workshops, assignments, examinations, project, degree on completion and transcript.

Application Fee £200 (GBP)
First Year Fee £6,800.00 (GBP)
Second Year Fee £7,000.00 (GBP)
Total £14,000.00 (GBP)

Please ask for details of our instalment plan

Deposits and Refunds:
On our taught programmes we cannot recruit replacements at the last minute or part way through a course, so deposits and fees are non-refundable. No-one will be allowed to commence the year's tuition if he or she has not paid all stage fees in full.

Special Note:
The University and MDCI Ltd reserve the right to change the content, structure, assessment procedures, venue and the terms and conditions relating to these programmes.

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How to apply

Email Hameed Karimi:

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Contact your nearest MDCI Office (see contact details below)

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Contact Details

Management Development Centre International Ltd.
Suite 502
5th Floor, Entrance 3
Manama Centre
Kingdom of Bahrain
Tel:+973 17 216002
Fax:+973 17 216007

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