Bachelor of Science (Honours) Banking Practice and Management
The BSc Banking Practice and Management degree is designed to cater for a variety of different requirements including those starting out in a management career in financial services, particularly in retail and commercial banking. It provides essential core knowledge of the industry, the external environment in which it operates and the interaction between the two.
The overall aim of the BS in Banking Practice and Management is to:
- Provide students with opportunities to investigate and analyse a range of issues relating to the practice and management of banking and the wider financial services sector.
- Encourage students to reflect on and engage in academic and practitioner debate on issues relevant to banking, financial markets and the financial services sector in general.
- Enable students to apply specialised, up-to-date knowledge within specific areas of the banking sector, utilising a work based learning approach where relevant.
- Enable students to analyse and evaluate business cases in order to make and justify strategic and practical decisions/recommendations relevant to the management of banking services and activity.
- Develop student’s ability to identify customer needs and expectations and to manage provision of services to them.
- Increase student’s awareness of the importance of strategic, moral/ethical, social, economic and environmental issues within the banking sector in general.
- Provide opportunities for students to develop the necessary skills and competencies to move on to further study within the discipline and to develop professionalism in the context of a banking sector managerial role.
At the end of this course, students will:
- The range of organisations in the banking sector, the wider financial services institutional framework within which they operate, and the products and services they deliver.
- The processes, procedures and practices required for the effective management and governance of banking organisations within the financial services sector.
- Subject-specific theories, empirical evidence and concepts relating to banking and financial services generally and how these apply in a practical work environment.
- Financial services, markets and banking practice as evolving disciplines that need to respond to the constantly changing legal and regulatory environment.
Teaching may include the following:
- Case Studies
- Analysis of reports
- Computer simulation
Part-time: 36 Months
The programme consists of 3 stages each of 12 months duration.
Full-Time/Part-Time: January, April, July, October
At least 18 years old
Minimum Academic Entry Requirement
- Any 3 ‘A’ level subjects with Grades B, C and C or the International Baccalaureate (28 points) or equivalent High School/Year 12 qualification OR
- Polytechnic Diploma in a non-relevant field, OR
- Students with 2 ‘A’ level subjects may enter via the ACCA 'Fundamental papers F1-F6 (or part thereof), students may be eligible for entry/exemption
- Applicants must hold GCSE Mathematics at minimum grade C (or equivalent) and English Language at minimum grade C (or equivalent) or an IELTS score of 6.0 with no element below 5.5 (or equivalent English language qualifications).
To be considered for mature entry you will be required to meet the following criteria:
- Be aged 30 or over with 8 years of relevant experience
- Unable to meet the standard entry criteria for Professional Certificate in Banking (PCertB)
As a mature applicant, you are required to submit a current CV supported by a 500 to 600 word statement indicating why you have chosen to undertake the programme and how it will support your career plans. If you do not meet the minimum entry criteria for GCSE (or equivalent) in Mathematics you should briefly describe your Mathematical ability as part of your statement. If invited to progress an interview may be held.
You may be required to successfully complete the Financial Markets and Risk module as Continued Professional Development, prior to being accepted into the programme.
Year 1: S$7000(Local students)
Year 2:S$8000(Local students)/S$9500(International student)
Year 3:S$16,500(Local students)/S$18,000(International student)
Financial Markets and Risk
The module is designed to provide an introduction to the environment within which the financial services industry operates and to explore the main components of the financial system. It begins by describing the major financial institutions, the markets within which they operate and the main participants in the markets. The emphasis is on how the financial system works and on the inter-relationships between market participants and stakeholders.
Assessing Financial Performance
The module commences with an examination of the users of financial information, their information needs and the qualitative characteristics of useful information. The module develops with a study of the accounting system that produces the financial statements which measure business performance, position and liquidity. The module progresses with a review of the budgetary process in organisations, recognising that operational performance targets are most commonly communicated and monitored via this process. This review explicitly acknowledges that while many budgets are expressed in financial terms, it is equally important to have budgets / targets based on key operational measures and to regularly monitor actual levels of achievement against those targets.
Fundamentals of Leadership and Management
This module focuses on the principles of management, in terms of the management of people, systems and self. It also identifies the importance of management skills in the strategic context, personal skills for the delivery of quality customer service. The increasing importance of organisations recognising the influence of the external environment, its stakeholders and operating in a socially responsible manner are also explored.
Marketing Financial Services
The focus of this module is how financial services organisations identify, understand and meet the needs, expectations and aspirations of customers to ensure the effectiveness of an organisation’s marketing effort.
Financial Services: The Commercial Environment
This module focuses on the macroeconomic environment surrounding financial services organisations. It looks at the theories of intermediation, the process of disintermediation and the macroeconomic, regulatory and technological drivers that impact on the financial services industry. Students will be encouraged to consider how these influences interact with each other and how they impact on financial services in practical terms.
Organisational Management in Financial Services
This module focuses on five core areas crucial to the successful leadership and management of an organisation that enable it to achieve its objectives. These core syllabus elements – leadership and management, culture, organisational structure, planning and control and change management are each explored separately as well as in the context of their inter-dependencies. Within these core areas, consideration is given to how to create long-term sustainable benefits, in line with prevailing ethics and understanding, and how to respond constructively to social, environmental and economic change.
Retail Financial Services
This module has been designed to provide the requisite skills, knowledge and understanding to enable students to effectively manage retail customer relationships and to discuss the main range of retail financial services. The syllabus is arranged in such a way that it takes students from the inception of the customer relationship across the potential financial needs of that customer, through to the termination and ending of the relationship.
Commercial and Corporate Financial Services
The module has been designed to provide the student with an understanding of and an ability to analyse the detailed relationship between a financial institution and its commercial and corporate customers, including both legal and practical aspects of the relationships. It focuses in detail on the critically important area of sustainable lending; analysing lending propositions and structuring suitable solutions. This also covers the taking of appropriate security, monitoring and controlling ongoing risks in the relationship, key terms and conditions implicit in lending, and a thorough understanding of the impact of insolvency. The module also considers the broader spectrum of other general and more specialised commercial and corporate banking services and products, and their relevance to meeting different customers’ needs.
Strategic Management in Financial Services
The module’s main focus is the strategic management of financial service organisations and the module will cover both strategic management concepts and skills with reference to case studies and empirical evidence. The module aims to give students an understanding of the nature of strategic management, by providing a comprehensive analysis of pertinent issues, both theoretical and practical, on the topic.
Choose 3 from:
The module covers advanced analytical frameworks to provide both theory and practical tools to analyse and evaluate information in corporate financial statements. It will deepen the student’s ability to analyse how financial information captures and reflects the critical factors of risk and success in the competitive environment of corporate firms.
Globalisation of Financial Management
This option module has been designed for students who wish to build on their previous knowledge of the financial system to gain a better understanding of the implications of financial market integration and the emergence of a global financial system for financial intermediation. The module enables students to analyse the process of financial globalisation and its impact on the design of financial systems and operations of international financial markets. It also examines the activities and roles of key players, such of financial institutions, international investors, multinationals and multi-lateral organisations, that use and contribute to the efficiency, stability and competiveness of these markets.
Retail Business Strategy
The module focuses on the exploration of concepts, tools and techniques of use in the development and implementation of strategies which will lead to the achievement of growth in key business areas in income, profitability, and market share and shareholder value. Students will also examine a number of aspects which are integral to the attainment of these business goals, including: customer retention and new business acquisition; building and sustaining high levels of customer satisfaction; creating differentiation; and exploiting sources of competitive advantage. Whilst the regulatory environment is not expressly referenced in all sections, given its impact and influence on business strategy, it is an important consideration for across all areas of the syllabus.
Risk Management in Banking
Risk Management in Banking is aimed at students who wish to build upon their previous knowledge of risk by critically evaluating the risk management process within a contemporary banking context. Given that those studying the module could be future leaders in the banking industry, the content of this module takes a very practical approach; ensuring students develop a good underpinning and an inquisitive approach to risk management. A wide range of data and real life case studies are used to help demonstrate practical issues and considerations for a modern banking industry.
The module examines the core features of a typical wealth management division including investment services, brokerage and financial planning as well as international and private banking. Students will examine the various categories of client, identify and assess their needs, develop solutions and justify advice. Such advice will range from core financial planning (life cover / pension requirements), through to making investment recommendations from a range of financial products such as an equity / bond based portfolio, to hedge funds / private equity holdings. The module also provides relevant context by comparing alternative regulatory regimes an adviser could be working within, in particular this will focus on the details of what is required to become, and remain, authorised by the Financial Conduct Authority (FCA) within the UK. In addition students will evaluate contemporary issues that impact upon the wealth management service.
- STP holders - 90%
- Non-STP holders - 75%
Requirements for the Award
All Honours degrees in year 3 will be awarded as appropriate to a student who has achieved the required credits as follows:
- First Class Honours 70% and above
- Upper Second Class Honours 60 to 69%
- Lower Second Class Honours 50 to 59%
- Third Class Honours Degree 40 to 49%
Classification for year 3 is based on 30% of the year 2 and 70% of the year 3 marks.
1 Teacher: 60 Students