- Start date: Feb 2020
Study mode and duration: fully delivered in Bahrain on a part-time basis
Approved: by The Bahrain Higher Education Council (HEC)
Study with us
- intensive part-time two-year programme that offers students a rigorous core academic curriculum
- delivered in Bahrain and is mainly taught through a cominbation of lectures, tutorials and computer labs
- combines the entrepreneurial and innovative elements of 'FinTech revolution'
- gain a cutting edge qualification, delivered by Strathclyde academics
- no need to take a year out to complete studies
Why this course?
Strathclyde Business School has been at the forefront of the innovative and ground-breaking FinTech movement for a sustainable transformation of global finance for the better. It has successfully pioneered the UK’s first FinTech Masters (2017) and the first Fintech Masters in the Bahrain region (2019).
Working alongside its local partner, Bahrain Institute of Banking and Finance (BIBF) the MSc Financial Technology (FinTech), is fully delivered in Bahrain on a part-time basis.
This Masters degree will bolster Bahrain’s position as a leading FinTech hub in the region, and offer ambitious individuals the opportunity to gain a cutting edge qualification, delivered by Strathclyde academics, without having to take a year out to complete studies.
The intensive two year programme will offer students a rigorous core academic curriculum combined with the entrepreneurial and innovative elements of the “FinTech Revolution”. It includes a selection of financial methods, programming, data analytics and regulations and technology, with a particular emphasis on how these different subject areas come together to create new financial services and products.
FinTech is a multi-disciplinary area, so the MSc Financial Technology Bahrain draws upon the breadth of expertise available not only in Strathclyde Business School via its departments of Accounting & Finance and Management Science, but also from the University of Strathclyde’s Faculty of Science, with a significant input from the highly acclaimed Department of Computer and Information Sciences.
What you'll study
The MSc Financial Technology takes a holistic view of the financial ecosystem from the perspective of where it is headed.
It teaches the concept of Strategic FinTech, a top-down view of how innovation is impacting business models and society.
The course will give you the insights needed to navigate organisations in a world where the backbone of finance is
Financial Technology (FinTech) is the future of taught finance. It combines the theory and knowledge behind capital markets with the technology that makes financial transactions more efficient. This degree provides the skills that banks and insurance companies are looking for, combining finance, big data techniques and analytics as well as programming.
FinTech is a multi-disciplinary area and this plays well to Strathclyde’s strengths: programming, data analytics and the theory of financial markets are all core teaching modules and recognised areas of research excellence.
The first year of study is designed to both develop and integrate finance and analytical methods. The second year is designed to integrate programming and big data techniques as well as extend the students’ core skills in finance and enhance understanding of financial markets.
Big data and the method of its analysis are becoming increasingly important for banks and other financial institutions. More generally, the MSc will teach students how to become effective financial technology analysts, equipping them with the tools and techniques for careers that combine finance and technology.
As with all Strathclyde Business School programmes, it has business at its heart, with real industry experience a key component. One class is developed in partnership with academics and practitioners allowing students to experience the practical reality of applying analytical methods in financial technology business.
Triple-accredited business school
This programme is delivered in Bahrain over a two year period and is mainly taught through a combination of lectures, tutorials and computer labs.
This class introduces the concept of Strategic Fintech, a top down senior management level approach to Fintech as taught by business schools.
Principles of Finance
This class provides an introduction to the basic principles of financial decision taking and the theory of finance. It will develop the basic principles of valuation, the nature of risk and uncertainty, and the relationship between risk and returns.
Programming for Fintech
Programming is taught to a level at which the knowledge can be useful to a financial professional.
Principles of Finance 2
The principles of finance are the same as taught on any finance degree course. They encompass the mathematical relationship between risk and return, capital asset pricing and valuations.
Quantitative Business Analysis
The first part provides an introduction to the basic theory and application of statistical modelling. Topics covered include:
- data analysis
- probability theory
- distributions and moments
- hypothesis testing
The second part focuses mainly on two areas:
- regression modelling
- multivariate analysis
While key background theory will be presented, the emphasis is on the generation and interpretation of output from commercially available software.
Financial Management for Banks
The class aims to provide you with the knowledge and understanding required for managing the financial aspects of a bank’s business. This would be useful for those who wish to focus on Open banking and Disruptor Banks.
Risk Management for Banks
The class employs some of the basic principles of financial analysis to consider the application of risk analysis. It explores issues relating to risk management in the banking sector, with a particular focus on the regulatory requirements stemming from the Basel Accord.
Becoming an Effective Technology Analyst
This class is led by industrialists in partnership with academics concerned with FinTech problems. The practical reality of applying analytical methods in financial technology business is often far removed from the classroom. While traditional teaching can alert students to such issues, understanding needs to be reinforced by experience, which is acquired in this module.
Big Data Fundamentals
This class aims to endow students with an understanding of the new challenges posed by the advent for big data, as they refer to its modelling, storage, and access, along with an understanding of the key algorithms and techniques which are embodied in data analytics solutions.
Becoming an Effective Financial Technology Analyst 2
This class is a practical one, tying together the various elements that make both a good financial analyst and a good data analyst.
Focuses on experiential learning. Acting as clients, industrialists from the financial technology sector will introduce a series of business problems, outlining real problems on projects and cases that they have been involved in. Working in small groups, students will work in role of analysts/consultants with a brief of advising the client on how to tackle the problem.
The class adopts a process-based approach, all discussion follows the logic of the business processes. The class will provide you with conceptual knowledge introduced in the lectures, as well as hands-on experience gained in tutorials using appropriate packages of the various IS categories.
Risk Analysis & Management
This class will explore the entire process of structuring a risk problem, modelling it, supporting and communicating recommendations, both theoretically and in practice.
Portfolio Theory & Management
The aim of this class is to examine the Markowitz (1952) approach to optimal portfolio selection. The class explores issues relating to optimal portfolio choice and issues in practical fund management. This would be useful for those who wish to specialise in Roboadivsors.
The project allows the student to use all that they have learnt to specialise in an area of interest, delving much more deeply into it.
Big Data Tools & Techniques
This class will continue the focus on machine learning and data mining. It will also provide an introduction to data visualisation and big data platforms.
Business Information Systems
The class will build on the fundamental multivariate statistics by developing both visualisation and advanced analysis techniques relevant in the area of big data. The focus will be on application and interpretation of techniques and there will be an investigation of what makes good data. The class will develop both new theoretical knowledge in the form of analytics techniques as well as new software skills in relevant analytics software.
This class teaches the students the tools and approaches required to do rigorous and detailed analytical research.
Management Science Project
This project uses management science techniques to solve a data problem.
Learning & teaching
The programme format is especially designed for busy executives who need to combine career and family commitments with the demands of MSc studies.
The course is spread over two years and is based on weekend face-to-face intensive classes by academics from Strathclyde on a Friday and Saturday, supported by local tutoring during the week. There is an intensive course every 5/6 weeks and, in addition to attendance of the classes, students would be expected to study around 15-hours per-week during term time.
The flexibility of this part-time approach enables participants to graduate within two years. However, study may be spread over a longer period if necessary.
Assessment will vary across the classes but will include exams, written assignments, as well as practical team and individual projects.
Minimum second class honours degree, or overseas equivalent, in accounting, economics, business studies or a subject area with a strong quantative bias.
No prior knowledge of finance required.
|English language requirements|
The MSc Financial Technology is taught entirely in English and is highly interactive and practical. It requires a high level of competence in English speaking, writing, reading and understanding.
Minimum score of 6.5 in IELTS in normally required if your first language is not English.
We may consider applicants who fall slightly below these standards, or have other qualifications/ evidence in English proficiency.
Fees & funding
Please note: For information on instalment payments over the duration of study, please call 17815555/17816338 for details.
Graduates in this field will have a good understanding of the fact that finance is changing, and accounting, business information systems, and analytic methods are adapting to the internet as a delivery channel.
Graduates of this programme will be highly employable and be able to demonstrate the relevant skillsets for career progression in existing financial and capital markets or new paths in the wider finance sector.
Financial Technology (Bahrain)
Start Date: Mar 2020
Mode of Delivery: part-time