FAQs - MSc in Banking

1. Do I have to take two modules per semester?

2. What is the National Framework of Qualifications?

3. At what level is this qualification included at on the National Framework of Qualifications?

4. What is an ECTS Credit?

5. Can I have more information about the Chartered Banker designation?

6. What is Continuing Professional Development (CPD)?

7. How much CPD will I need to complete per annum for the Chartered Banker designation?

8. I would like to discuss whether this is the right programme for me.

 

1. Do I have to take two modules per semester?

No, subject to operational constraints such as timetabling and student demand, you can take one or two modules per semester. 

2. What is the National Framework of Qualifications?

The National Framework of Qualifications (NFQ) provides a way to compare qualifications and to ensure that they are quality assured and recognised in Ireland and abroad. 
For further information you can visit their website at www.nqai.ie   

3. At what level is this qualification included at on the National Framework of Qualifications?

The MSc in Banking is a postgraduate educational award and is included on the National Framework of Qualifications at level 9 (masters degree level). By way of comparison, an honours undergraduate degree is at level 8 on the NFQ. 

4. What is an ECTS Credit?

ECTS refers to the European Credit Transfer and Accumulation System. It is the recommended academic credit transfer system for higher education in Europe (including Ireland) and is designed to allow comparison between different academic programmes within Europe.
Each module on the MSc in Banking equates to 10 level 9 ECTs credits. 

5. Can I have more information about the Chartered Banker designation?
The prestigious professional designation, Chartered Banker is aimed at those who wish to develop leadership and management careers in banking and financial services. Its introduction is a response to the demand for a rigorous, internationally recognised professional designation for bankers, which incorporates both education and relevant experience.
Chartered Banker has been offered in Ireland since 2010. It is awarded jointly by The Institute of Banking and the Chartered Institute of Bankers in Scotland. There are currently designates in over 35 countries all over the world raising professional standards in banking.

6. What is Continuing Professional Development (CPD)?
The purpose of CPD is to keep your qualification current and to ensure that those who qualified in the past are as knowledgeable as those qualifying today.
There have been many definitions of CPD by various individuals and bodies over the years. The Professional Associations Research Network in the UK carried out an extensive research project into CPD between November 1998 and February 2000 and in the process devised the following comprehensive definition:
"CPD is any process or activity of a planned nature, that provides added value to the capability of the professional through the increase in knowledge skills and personal qualities necessary for the execution of professional and technical duties, often termed competence. It is a life-long tool that benefits the professional, client, employer, professional association and society as a whole and is particularly relevant during periods of rapid technological and occupational change."

7. How much CPD will I need to complete per annum for the Chartered Banker designation?

You will need to complete 20 CPD hours per calendar year of which at least 1 hour has to be relevant to ethics.  The Institute of Banking offers designates supports to complete their CPD hours such as:

  • Online modules
  • Webinars/seminars
  • Accreditation of in-company and other external events
  • Online CPD record for managing hours

8. I would like to discuss whether this is the right programme for me.

No problem, the programme manager would be delighted to discuss the programme with you.
You can contact the programme manager, Dr Gerry Grenham, at:
E:    [email protected] 
T:    +353 (1) 611 6526 (direct)