BSc Banking and FinanceCourse Code: 1945-DP046A (Year 1 Entry) / 1945-DP046A (Year 2 Entry)
This programme offers students with knowledge of the major areas of banking and finance, financial management and risk analysis. It provides a solid finance, economics and accounting background for analytical positions in banking and finance industries.
- The degree is awarded by the University of London and the programme is academically developed and managed by the London School of Economics and Political Science (LSE);
- In 2021, LSE was ranked 4th worldwide in the subjects of Accounting & Finance; 6th worldwide in the subjects of Economics & Econometrics; 11th worldwide in the subjects of Business & Management Studies; and 49th worldwide overall in QS World University Rankings.
This programme aims to:
- provide students with an understanding of the ways in which financial intermediaries and institutions operate, and the structure and functioning of financial markets;
- give students knowledge about the pricing of financial assets, and why and how corporations issue various types of assets;
- provide students with an understanding of precisely how such intermediaries operate, both on a domestic level and in the international arena;
- provide students with an understanding of how banks (and other institutions) might use financial assets, for example derivatives, in risk management procedures;
- provide students with a well-rounded coverage of the major issues and areas of modern financial theory and practice.
Programme Intended Learning Outcomes
On completion of the programme, students should be able to
- Knowledge and understanding
- communicate knowledge and understanding of several of the major contexts within which banking operates, based on a critical evaluation of related theoretical and conceptual frameworks and of empirical evidence as to its effects; (modules 1, 3, 7, and 8, plus modules 11 and 12 from selected from electives g, l, and m)
- communicate knowledge and understanding of, and appropriate ability to use and critically evaluate, current and major alternative technical languages and practices of banking and finance, together with appropriate ability to apply them; (modules 3, 5, 6, 8, and 9)
- manipulate financial and other numerical data and appropriate understanding of and ability to apply mathematical and statistical concepts; (modules 1 to 10, plus modules 11 and 12 selected from electives e, g to j, l, and m)
- communicate and apply knowledge and understanding of the principles of business information systems management to an appropriate level; (modules 11 and 12 selected from elective k, and n)
- analyse business activities and perform financial analyses and projections in appropriate contexts of planning, decision making and control to an appropriate level; and to recognize the limitations of these techniques; (modules 4 to 6, and 8 to 10, plus modules 11 and 12 selected from electives e, and g to j)
- understand the pricing of financial assets and why and how corporations issue various types of assets; (modules 3, 5, 6, and 9)
- demonstrate appropriate ability to communicate knowledge and understanding of financial management, risk and the operation of financial markets, based on critical evaluation of theories and empirical evidence. (modules 5, 6, 8, and 9)
- Intellectual and cognitive skills
- locate, extract, analyse and draw reasoned conclusions from multiple sources (including electronic sources) of appropriate literature and relevant data and acknowledge and reference sources appropriately; (modules 1 to 12)
- critically analyse arguments; (modules 1, 2b, and 3 to 12)
- assimilate and lucidly evaluate alternative views. (modules 1, 2b, and 3 to 12)
- Transferable skills
- communicate effectively in a written context; (modules 1, 2b, and 3 to 12)
- use information technology (spread-sheets, word-processing and online databases) appropriately; (modules 4 to 6, and 10, plus modules 11 and 12 selected from electives a, f, i, j, and k)
- organise information, and to assimilate and evaluate competing arguments; (modules 1, 2b, and 3 to 12)
- manage their own learning, including working effectively to deadlines; (modules 1 to 12)
- be open-minded and have a capacity to handle ideas and scrutinise information in critical, evaluative and analytical ways. (modules 1 to 12)
University of London Programmes
The University of London is truly one of the greatest universities in the world. The University is a federation of 18 world-class colleges and 10 specialised institutes, with a student population of more than 120,000. The University's reputation for high academic standards has been built on the outstanding teaching and research of its colleges since 1836, and its degrees are recognised internationally by governments, universities, employers and professional bodies as being of a high academic quality and standard.
For over 150 years, University of London degrees have been accessible to students all over the world through the University of London Programmes. Over the years, many exceptional people who have studied with the University of London Programmes have shaped our world. Former students include seven Nobel Prize winners, leaders of commonwealth countries, government ministers, renowned authors, academics, judges and business leaders. Today, the University of London Programmes are truly international in character with more than 50,000 students in 180 different countries.
London School of Economics and Political Science (LSE)
Academic direction for all of the courses offered through the University of London Programmes is provided by the Colleges of the University. Academics at these Colleges develop the syllabi, prepare the study materials, and are responsible for the assessment of students. In the case of the BSc Banking and Finance, BSc Accounting and Finance, BSc Economics and Management and BSc Business and Management programmes, academic direction is provided by the London School of Economics and Political Science (LSE). Please click here for more details.
LSE has consistently been ranked at the highest level among universities in the United Kingdom.
2021 QS World University Rankings49th – Overall ranking worldwide2021 QS World University Rankings by Subject
4th – Subject: Accounting & Finance
6th – Subject: Economics & Econometrics
11th – Subject: Business & Management Studies
The BSc Banking and Finance programme offers students with knowledge of the major areas of banking and finance, financial management and risk analysis. It provides a solid finance, economics and accounting background for analytical positions in banking and finance industries.
The entire programme consists of 12 modules (30 credits each).
Upon completion of 12 modules (360 credits), students will be awarded the Bachelor of Science in Banking and Finance by the University of London. No other exit awards are accredited by HKCAAVQ.
1. Introduction to Economics
2. Mathematics 1 and Statistics 1
3. Principles of Banking and Finance
4. Principles of Accounting
5. Asset Pricing and Financial Markets
6. Principles of Corporate Finance
7. Choose ONE from below:
8. Financial Intermediation
9. Investment Management
10. Auditing and Assurance
11-12. Choose TWO from below:
a. Marketing Management
b. Organisation Theory: an interdisciplinary approach
c. The Law of Business Organisations
d. Human Resource Management
f. Management and Innovation of e-business
g. Monetary Economics
h. Managerial Economics∆#
i. Financial Reporting#
j. Management Accounting#
k.Information Systems Management#
n. Business and Management in a Global Context#
* Subject to change
For courses 11 to 12,
i) Students cannot take Managerial Economics with Microeconomics. ∆
ii) Students can only take one course among these courses (h) to (n). #
1. Students who admitted through the Graduate Entry Route will have to take 9 courses, i.e. courses 1, 2, 3, 5, 6, 7, 8 and 9, plus one course from courses 11 to 12 selected from electives (a) to (g).
IC may offer some courses, but not all, as electives every year.
The above programme structure is intended to be used as a guide to prospective students. Students must also follow the programme structure, prerequisites and exclusions presented by the University of London Programme Programme Specification and Regulations.
Introduction to Economics
This course aims to introduce students to an understanding of the domain of economics as a social theory; the main analytical tools which are used in economic analysis; the main conclusions derived from economic analysis. It will also develop students’ understanding of their organizational and policy implications and enable them to participate in debates on economic matters.
The course aims to enable students to acquire mathematical skills including multivariate calculus and linear algebra, as required for their use in economics-based subjects. It also prepares students for further study in courses of mathematics and/or related disciplines.
The emphasis of the module is on the application of statistical methods in management, economics and the social sciences. Attention will focus on the interpretation of tables and results and the appropriate way to approach statistical problems. Treatment is at an elementary mathematical level. Ideas of probability, inference and multivariate analysis are introduced and are further developed in the half course 04b Statistics 2.
Principles of Banking and Finance
The specific aims of this course are to: provide institutional features of financial systems; identify key issues and problems arising in banking and finance; introduce the key economic concepts required to analyse these key issues and problems; illustrate how these economic principles can be applied to address the key issues identified; show how the institutional features address the key issues identified.
Principles of Accounting
This course aims to: introduce students to the principles underlying accounting; enable students to apply, interpret and explain key accounting techniques; provide a broad understanding of the theory and practice of financial accounting and management accounting.
Asset Pricing and Financial Markets
The course aims to provide students with a thorough grounding in asset pricing; develop students’ skills in applying pricing methods to realistic scenarios; provide a critical overview of the research on financial market efficiency; allow students to develop an understanding of how securities markets operate.
Principles of Corporate Finance
This course provides a theoretical framework used to address issues in project appraisal and financing, payout policy, capital structure, mergers and acquisitions, equity offerings, and risk management. It provides students with the tools required for further studies in financial intermediation and investments.
The course aims to: deepen the understanding of the basic theory of optimization by economic agents and the efficiency of the resulting outcome for the market as a whole; introduce students to the analysis of strategic interaction as well as interaction under asymmetric information; clarify the role of economic policies as tools to improve efficiency in the presence of market failures; promote the ability to think in a structured framework, and clarify the importance of formal arguments; demonstrate the art of modelling which requires simplifying a problem by identifying the key elements without oversimplifying the issue.
This course aims to: show how our understanding of how economic systems operate has evolved substantially; explain why the growth rate of aggregate output varies from year to year; explain what determines unemployment and inflation in the short run and in the long run; discuss how macroeconomic policy might influence business cycles or long run growth.
The specific aims of this course are to: develop students’ understanding of the theories of financial intermediation; concepts and practices relating to the risk management process and techniques applied within major financial intermediaries; recent developments in financial risk management and regulation, including credit risk models, securitisation, derivative instruments and capital adequacy.
This course is aims to provide students to the investment environment in the role of a private or professional investor. Instead, it emphasizes the use of pricing theory in investment management. It aims to provide an overview of institutional details linked to financial markets and the trading process; provide an overview of historical trends and innovations in financial instruments and trading processes; provide an overview of various financial instruments; provide insight into the use of finance theory in investment management; provide a guide to the measurement and analysis of risk of financial investments; provide a guide to the measurement of performance of fund management; address key issues in risk management.
Auditing and Assurance
The aims of this course are: to introduce students to the principles of external auditing and other assurance services; to provide students with an understanding of the function of auditing and other assurance services and the related processes.
This course aims to introduce students to the fundamental principles of marketing; give students a broad understanding of consumers and the marketing behaviour of firms; explores the relevance of these academic subjects to marketing; encourage students to question the limitations of marketing management and to suggest ways of overcoming its many problems; develop students’ practical skills by applying learned theories to real-world organisational problems.
Organisation Theory: an interdisciplinary approach
This course explores the ways in which organisations can be designed (by management or others) in order to achieve their objectives. It exposes students to the ways in which economists, psychologists and sociologists address this and related issues. It is, therefore, an interdisciplinary course comparing and contrasting the contribution of the core social science disciplines to the study of organisations. The course draws upon both theoretical and empirical materials and students will be encouraged to draw upon their own local knowledge in pursuing their studies. There will be an emphasis (though not exclusive) on organisations, set up with an economics objective.
Human Resource Management
This course aims to: give students an introduce to the key elements of human resource management (HRM); demonstrate how the social sciences can assist in understanding the management of human resources; and to evaluate human resource policies and practices of organizations; help students examine the different theories which try to explain the relationship between HRM and organisational performance; develop students’ ability to analyse and critically evaluate HRM policies and practices.
The course aims to enable students to use the analytical tools of game theory and industrial economics to study key strategic problems in corporate decision making.
Management and Innovation of e-business
The objectives of the course are to explain the growth of e-business to date, both business-to-consumer and business-to-business, using relevant theories from business, management and the social sciences; examine the interaction between technological trends and the business and social context of e-business; identify innovations within the domain of e-business by presenting cases of the innovative use of e-business and network technologies; present relevant theories from business, management and the social sciences that help to explain the development and growth of e-business; discuss different e-business (business) models and strategies, including global supply chain management; electronic markets; shared economy and digital marketing; introduce the notion of new organisational forms, and discuss their business implications.
The aims of the course are to develop students’ understanding of the theories that relate to the existence of money, explaining why it is demanded by individuals and used in the trading process; develop students’ understanding of the monetary transmission mechanism, whereby decisions made by the monetary authorities concerning money supplies or interest rates can have real effects on the economy; introduce a number of macroeconomic models through which monetary policy can be evaluated, including Classical and Keynesian schools of thought so as to understand why monetary policy matters and when monetary policy decisions may be impotent; develop understanding of the uncertainties policy-makers face and how policy makers may deal with these.
The course aims to: enable students to approach managerial decision problems using economic reasoning; present business practice topics using an analytical approach, using equations and numerical insight.
The aims and objectives of the course are to: stimulate theoretical enquiry into financial accounting issues; develop students’ knowledge and understanding of financial accounting; prepare for further academic study in accounting and related areas; enable students to pursue a professional accountancy qualification; equip students for employment in areas where an understanding of accounting issues and tools is helpful.
This course is designed to equip students with knowledge of the concepts and the ability to apply techniques of management accounting, in order to be able to contribute to the success of an organisation. Modern management accounting is concerned with decision making, planning and control. It supports decision makers in their daily and strategic decisions, contributes to short- and long-term planning and produces information for control, performance measurement and management. This may also include nonfinancial information in management accounting reports, where it is used in combination with financial information to construct broader pictures of the contribution that different processes, procedures, functions, activities and divisions make to the strategic achievements of a firm.
Business and Management in a Global Context
This module aims to: give students a research-based grounding in the shifting context of, and changing priorities in, the international business including globalizing trends, formal, and informal institutions, the political, economic, social, technological and legal issues and the resultant diversity of international business. Specifically takes into account the impacts of the 2020-21 pandemic and economics crises; prepare students to be able to discuss cultural, ethical and social issues for international business and suggest policies of corporate social responsibility and sustainable business practices; provide an introduction to and develop students’ ability to assess international trade and investment, multilateral organisations and regional integration and the global financial system; prepare students to be able to discuss how firms develop international business strategies, enter markets and alliances, and operate and manage on the global stage; give insight through frameworks, studies and examples of how businesses manage marketing and research & development, organisational structure and architecture, sourcing and the supply chain, exchange rates, information systems and human resources, in different parts of the globe, globally, regionally and domestically; prepare students to understand and assess project and change management practices in an international context; provide an introduction to the major emerging digital technologies, and how to manage these into operation and become digital businesses internationally; Overall, give students insight into the contexts of international business and enable students to work within these contexts to make judgements on strategizing and managing operations in the global economy. Also, to help students understand and assess the future trends and challenges for international business.
DURATION OF STUDY
Minimum 3 years (AD/HD graduates with full exemptions on 3 courses may complete the programme in 2 years).
The teaching methods include lectures and tutorials. Staff members consist of HKU SPACE and overseas lecturers.
Assessment will be done by examination. Each course is assessed by one written examination determined by the University of London. All examinations are held once a year in May/June.
- Teaching Staff - University of London
ABDEY, James Spencer BA, MSc Exeter; PhD LSE ALI, Haider BSc, PhD Lond; MPhil Cranfield ARABSHEIBANI, Gholamreza BA Nott Trent; MSc, PhD LSE ARHAT, Virdi MA Oxford; MSc, PhD LSE BEAUREGARD, Tanya Alexandra BA UW; MIRPM; PhD LSE BUCKLE, Michael John BA Newcastle; MSc Warwick; PhD CHANDLER, Roy Anthony BSc (Econ), FCA CORDELLA, Antonio BSc Bologna, PhD Info Sys Gothenburg DYKE, Eric George Lewis BSc, MSc QMC EVANS, Kevin Philip BSc Swansea; MSc; PhD Swansea FUNG, Libon BSc, MSc, PhD Lond HASLAM, James BA Sheffield; PhD Essex KIRKPATRICK, Ian BA (York), MSc (LSE), PhD (Wales) LASSOU, Philippe Jacques Codjo BSc INE; MSc, PhD Birmingham TIMMS, Jill BA Keele; MSc UCD; PhD LSE WHEATLEY, Sharon Jayne BSc UCL; MRes, DPhil KCL
- Teaching Staff - HKU SPACE
CHAN, Frank MBA Ottawa; CPA Australia; CGA Canada, ACCA UK CHAN, Ken BEcon; MEcon; MFin CHAN, Stephen EMBA CityU; BSc Lond; PDipAcc PolyU HK; ACMA; CGMA; ACA; CPA Canada; FCCA; HKICPA CHEUNG, Antony BBA, MSc CUHK CHOI, Wilson BEcon&Fin, MEcon HKU FUNG, Benjamin BEng; BSc; MPhil HO, Clive BComm & BEcon ANU; MEcon HKU; ASA CPA Australia HUI, Nelson BA Winn; MA Tor KWOK, Hermione BEcon&Fin, MEcon HKU KWOK, Isa
LLB Lond, MSc CUHK, PgD BA Surrey, CMA Australia
LAM, Philip BMath Wat; MInfo Tech CSU; PhD Info Sys Curtin; FHKLA; MIEEE LEE, Kenneth
BSc Western Ontario; MBA Ottawa; DBA South Australia
NG, William BA HKU; MBA Bradford SI, Sandy BBA; MCorFin; HKICPA; ACCA YEE, Thomas BEcon, PCEd HKU, MEcon HKU
Note: The list of teaching staff is subject to change.
Upon satisfactory completion of the programme, students will be awarded BSc Banking and Finance.
When students graduate with a degree, diploma or certificate from the University of London, they will be sent two documents - a final diploma (i.e. the parchment they receive following graduation) and a Diploma Supplement.
The final diploma will indicate that the student was registered with the University of London and awarded a University of London degree, diploma or certificate, and included the name of the Academic Direction which conducted the examinations. The University of London logo and signature of the Vice-Chancellor of the University of London are incorporated. The Diploma Supplement will describe the nature, level and content of the programme the student successfully completed and include a transcript of courses taken and marks achieved, as well as the overall classification. It also provides further information about the role of the Academic Direction and method of study.
Degrees are awarded with the following classifications: First Class Honours, Second Class Honours (divided into Upper Division and Lower Division), Third Class Honours and Pass.
For details of the latest recognition or paper exemption status of the University of London’s programmes, please check respective professional organisation’s website:
Association of Chartered Certified Accountants
Our graduates work in the private sector at firms ranging from accounting and auditing to banking and finance institution. Others purse fulfilling position in government agencies, the nonprofit sector or other industries.
Our graduates are eligible to pursue further studies in business or finance related disciplines at a postgraduate level.
Tuition fees* of the entire programme for 2021/22 include HKD184,800 to HKU SPACE and GBP6,344# to University of London and HKD9,985^ to HKEAA (12 courses and to be completed in 3 years).
|1st Year||2nd Year||3rd Year|
|HKU SPACE course fee||HKD61,600||HKD61,600||HKD61,600|
|Initial Registration fee (to be paid in the 1st year)||GBP1,146||-||-|
|Continuing Registration fee per year (to be paid in 2nd year and afterwards)||-||GBP523||GBP523|
|Examination fee^ per year (4 full courses)||GBP1384+ HKD3,815^||GBP1,384 + HKD3,085^||GBP1,384 + HKD3,085^|
|Total:||HKD61,600 + GBP2,530 + HKD3,815^||HKD61,600 + GBP1,907 + HKD3,085^||HKD61,600 + GBP1,907 + HKD3,085^|
An application fee GBP107 payable to the University of London also applies.
^To be adjusted in December 2021.
^The fee payable to the HKEAA is based on the number of papers.
*The published tuition fee is a reference for degree students who take the Standard Route and complete the programme within the shortest possible duration (3 years) without any re-sits. Fees are subject to change or year-on-year increases without prior notice. The amount of fees paid in GBP also depends upon the exchange rate differences.
Financial Assistance Schemes
This programme has been successfully accredited by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ). Full-time students are eligible to apply for Hong Kong government grants and low-interest loans, i.e. Financial Assistance Scheme for Post-secondary Students (FASP) and Non-means tested Loan Scheme for Post-secondary Students (NLSPS). For details, please refer to www.wfsfaa.gov.hk/sfo.
(for all CC and HPSHCC AD/HD Graduates)
Applicants from HKU SPACE CC/HPSHCC graduates or alumni are entitled to a scholarship of HK$7,000 for enrolling on an IC undergraduate programme in 2021/22. If students achieve a CGPA of 2.8 or above in your sub-degree programme, they will be awarded an additional incentive of HK$5,000 (total scholarship amount: HK$12,000).
To be eligible for the scholarship and/or the incentive, students are required to pay the deposit as stipulated in the conditional offer letter or the tuition fee as stipulated in the final offer letter, whichever applicable, on or before the payment due date. The total scholarship amount (either HK$7,000 or HK$12,000) will be disbursed to students after the commencement of the programme on which they have successfully enrolled.
Applicants shall hold:
- 2 HKDSE Category A subjects at Level 3 (including English Language) and 3 HKDSE Category A subjects at Level 2 (including Mathematics); or
- (a) 2 GCE ‘A’ Level Grade E + 3 GCE ‘O’ Level Grade C (including English Language & Mathematics); or
(b) 2 HKAL Grade E + HKCEE English Language at Grade C & 2 subjects at Grade E in HKCEE (including Mathematics); or
- International Baccalaureate (IB) Diploma including Mathematics / Mathematical Studies at Grade 3 (Higher Level / Standard Level); or
- An Associate Degree / a Higher Diploma from HKU SPACE or other recognised awarding institutions.
Note: There are many other qualifications, both from Hong Kong and overseas, that the University of London accepts as satisfying the entrance requirements for the degree programmes.
Graduate Entry Route
Students who hold a full first degree completed in a minimum of 3 years duration on a full-time basis (or equivalent) from a university or other institution acceptable to the University of London will be considered.
Please click here for details.
CSM London Summer Study Programme
This programme organised by IC provides a valuable opportunity for students to enroll into a short course in Central Saint Martins College of Arts and Design (CSM), one of the world’s leading institutes for arts and design education with 150 years of history.
This programme is recognised under the Qualifications Framework. For details of the QF level, registration number and validity period, please visit: www.hkqr.gov.hk.
This is an exempted course under the Non-local Higher and Professional Education (Regulation) Ordinance. It is a matter of discretion for individual employers to recognise any qualification to which this course may lead.