Programme Specification for the 2025/6 academic year
BSc (Hons) Applied Retail and Commercial Banking (2RB25) (Higher Apprenticeship) (Part-Time)
1. Programme Details
| Programme name | BSc (Hons) Applied Retail and Commercial Banking (2RB25) (Higher Apprenticeship) (Part-Time) | Programme code | UDS4BDABDA09 |
|---|---|---|---|
| Study mode(s) | Academic year | 2025/6 | |
| Campus(es) | Streatham (Exeter) |
NQF Level of the Final Award | 6 (Honours) |
2. Description of the Programme
The BSc (Hons) Applied Retail and Commercial Banking is designed to prepare the next generation of banking professionals for a fast-evolving financial services environment. Combining academic rigor with practical relevance, this programme equips students with the technical knowledge, interpersonal capabilities, and ethical grounding required to thrive in modern retail and commercial banking roles.
This Level 6 Financial Services Professional apprenticeship programme is developed for those who work in roles within retail and commercial banking businesses, responsible for delivering effective retail branch services or head office functions or is responsible for managing relationships with business customers.
The completion of this apprenticeship will enable you to become a highly competent professional for the industry with core knowledge of:
- The structure, and key functions of modern retail and commercial banks.
- Computing and information skills for effective workplace performance and how to build and manage strong, ethical relationships with personal and business banking clients.
- How monetary policy, financial markets, and regulatory frameworks influence economic stability, growth, and development
- The operation of financial systems, instruments, and regulatory frameworks.
- Interpret financial statements and use analytical tools to assess performance and make lending or investment decisions.
- The financial products, strategies, and regulatory frameworks that shape personal finance.
- Explore ESG (Environmental, Social, and Governance) principles, climate risk, and the role of banks in supporting sustainable development.
- Examine how banks identify, assess, and mitigate key risks, including credit, market, operational, and reputational risk.
- The impact of technology on banking services, including AI, open banking, blockchain, and customer experience innovation.
- Dynamics of organisational change, including strategic, structural, and cultural factors, and key leadership styles, behaviours, and competencies required to drive innovation.
- Credit appraisal, loan structuring, and ongoing relationship management for SMEs and business clients.
Using principles of problem-based and inquiry-led learning, you are supported to demonstrate core skills such as client/customer relationships, delivering services, strategy and planning, problem-solving and decision-making, communication and marketing, teamwork and collaboration, developing self and continuous improvement which are then applied to work issues. You also develop well-rounded core behaviours, including honesty and integrity, adaptability, resilience and enthusiasm, innovation and creativity, and attention to detail. You will apply new knowledge to deepen your understanding. As you progress so the impact of your higher-level thinking is experienced in the workplace, and it is the application of knowledge, skills and behaviour that creates a difference in operational effectiveness.
Each stage of study is structured to incorporate masterclasses, online learning, academic coaching and workplace mentoring. Assessment is ongoing and is relevant to your work tasks, measuring the higher-level thinking skills demonstrated in a variety of problem-based assignments.
3. Educational Aims of the Programme
This programme is designed to increase access and widen participation into higher education through a programme which uses blended learning and blended assessment. We acknowledge that participants are employed and have consciously chosen to ‘earn whilst they learn’ (QAA, 2004) and as such this programme has been designed to recognise the knowledge, skills and understanding that an applicant has already developed in their current job role.
The programme is designed around the assumption that the most authentic and powerful pedagogy is one that focuses on the identification, analysis and resolution of immediate problems in your world, and so links learning directly to the Finance Sector.
In line with the QAA Subject Benchmark Statement for Finance, this degree is:
Awarded to learners who have demonstrated:
Subject-Specific Knowledge and Skills
- An appreciation of the nature of the contexts in which finance and banking can be seen as operating, including knowledge of the institutional framework necessary for understanding the role, operation and function of markets and financial institutions (for example the economic, ethical, legal, political, regulatory, social and tax environment, both national and international; the firm; the capital markets; and the public sector).
- Knowledge of the major theoretical tools and theories of finance and banking , and their relevance and application to theoretical and practical problems (for example concept of arbitrage and examples of its use; financial mathematics; informational efficiency; optimal risk sharing; portfolio theory; asset pricing models and the valuation of securities; cost of capital; derivative pricing; risk management; information asymmetry; principal agency relationships; signalling; Fisher separation and capital budgeting criteria; behavioural finance; term structure and the movement of interest rates; determination of exchange rates; and financial intermediation).
- An understanding of the relationship between financial theory and empirical testing, and application of this knowledge to the appraisal of the empirical evidence in at least one major theoretical area. The appraisal should involve some recognition of the limitations and evolution of empirical tests and theory (for example the efficient markets hypothesis; anomalies; risk management; pricing of derivatives and other securities; portfolio management; interest rates; exchange rates; raising capital and capital structure).
- An ability to interpret financial data including that arising in the context of the firm or household from accounting statements and data generated in financial markets. The interpretation should involve analysis using statistical and financial functions and procedures such as are routinely available in spreadsheets and other statistical/econometric software packages. It may involve the skills necessary to manipulate financial data and carry out statistical and econometric tests (for example estimation and interpretation of asset pricing models; financial modelling and projections; event studies and residuals analysis; elements of time series analysis, such as serial correlation, mean reversion, and stochastic volatility).
- An understanding of the financing arrangements and governance mechanisms and structures of business entities, and an appreciation of how theory and evidence can be combined to assess the effectiveness and efficiency of such arrangements (for example decisions as to sources of finance and financial structure; the pricing of corporate securities; the market for corporate control; corporate governance; financial planning; and international dimensions of finance).
- An understanding of the factors influencing the investment behaviour and opportunities of private individuals (for example bonds, equities, and derivatives; risk aversion; risk/return trade-offs; portfolio management and performance measurement; pensions and long-term savings; the tax treatment of savings and investments; international diversification; foreign exchange risk; objectives of, and constraints on, institutional investors and advisers).
- An understanding of financial service activity in the economy, and the factors that are changing these activities over time, and an appreciation of how finance theory and evidence can be employed to aid such understanding (for example, ideas of information asymmetry, moral hazard and risk sharing could be employed to analyse the fundamental nature of services, such as insurance, pensions, bank lending and consumer credit, and also explore fundamental problems arising in such financial service provision; the efficient market hypothesis could be used to explore the value added by investment and financial services).
- An ability to understand financial statements, and a reasonable appreciation of the limitations of financial reporting and disclosure practices and procedures (for example financial statement analysis; the relation between cash flow accounting and accrual accounting; discretionary accounting practices; and financial statement-derived measures of financial performance, including risk).
On completion of a degree covered by this Subject Benchmark Statement, a student is generally expected to have the following abilities and skills:
Cognitive Abilities and Generic Skills
- Critical evaluation of arguments and evidence
- Independent and self-managed learning
- Analysis, filtering and evaluation of data, and drawing reasoned conclusions concerning structured and, to a more limited extent, unstructured problems from a given set of data and from data acquired by the student
- Location, extraction and analysis of data from multiple sources, including acknowledging and referencing of sources
- Numeracy, including the processing and analysis of financial and other numerical data and the appreciation of statistical concepts at an appropriate level
- Using contemporary information and communications technology for the acquisition, analysis and communication of financial information
- Communication, including presenting quantitative and qualitative information, together with analysis, argument and commentary, in a form appropriate to the intended audience, and oral as well as written presentation
- Working with others (such as through small group projects)
Threshold graduates will be able to:
- Demonstrate a reasonable appreciation of the nature of the context and institutional framework in which finance and banking operates.
- Demonstrate a reasonable knowledge of the main theories used in finance and banking and a reasonable ability to apply them in straightforward structured situations from given data generated for the purpose.
- Reveal a reasonable ability to interpret financial data and carry out straightforward statistical and financial analysis.
- Relate empirical evidence to finance theory in at least one of the main areas of finance with a reasonable understanding of the significance and limitations of such evidence.
- Demonstrate an understanding of the financial needs of business entities, a reasonable appreciation and understanding of how theory and evidence may be used to guide practice; the workings of capital markets; the relationship between risk and return; and the nature and use of financial derivatives.
- Demonstrate a reasonable understanding of the principles of personal investment.
- Demonstrate a reasonable ability to use and interpret the information in financial statements.
- Demonstrate possession of the required cognitive abilities and non-subject specific skills to a reasonable level of attainment.
- Demonstrate a reasonable understanding of the economic, political, regulatory and social environments in which finance and financial services operates, and the ethical considerations embedded in these operations.
4. Programme Structure
The BSc Applied Retail and Commercial Banking is a 3-year Part-time programme of study at Regulated Qualifications Framework (RQF) level 6 (as confirmed against the FHEQ). This programme is divided into 3 stages. Each stage is normally equivalent to an academic year.
5. Programme Modules
The following tables describe the programme and constituent modules. Constituent modules may be updated, deleted or replaced as a consequence of the annual programme review of this programme.
Stage 1
Compulsory Modules
| Code | Module | Credits | Non-condonable? |
|---|---|---|---|
| BEF1027DA | Foundation of Banking | 30 | No |
| BEF1028DA | Professional Skills and Relationship Management | 30 | No |
| BEF1029DA | Economics of Money and Banking | 30 | No |
| BEF1026DA | Financial Markets and Institutions | 30 | No |
Stage 2
* In stage 2 you must choose either BEF2027DA (Analysing Financial Information) or BEF2031DA (Personal Finance). You cannot choose both modules.
Compulsory Modules
| Code | Module | Credits | Non-condonable? |
|---|---|---|---|
| BEF2027DA | Analysing Financial Information * | 30 | No |
| BEF2029DA | Bank Risk Management | 30 | No |
| BEF2030DA | AI, Fintech and Digital Banking | 30 | No |
| BEF2028DA | Sustainable Banking | 30 | No |
| BEF2030DA | AI, Fintech and Digital Banking | 30 | No |
Stage 3
Compulsory Modules
| Code | Module | Credits | Non-condonable? |
|---|---|---|---|
| BEF3022DA | Bank Lending | 30 | No |
| BEF3023DA | Leadrership and Organisational Transformation | 30 | No |
| BEF3020DA | Work-Based Project: Creating Impact | 60 | No |
6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods
Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge
| Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to: | Intended Learning Outcomes (ILOs) will be... | |
|---|---|---|
| ...accommodated and facilitated by the following learning and teaching activities (in/out of class): | ...and evidenced by the following assessment methods: | |
1. Industry and organisation understanding: Develop a deep understanding of the structure of the Financial Services industry and in particular the role your part of the sector and organisation plays; the purpose of the function in which you work; how your function relates to the wider business. Demonstrate a good understanding of the impact the external environment has on Financial Services as appropriate to your role, together with relevant best practice. Develop a sound understanding of the organisations values and professional standards and how these are evidenced through your role. Demonstrate a clear understanding of the purpose of the different areas of the organisation you need to work with in your role, and how you support them. | Teaching is centred on problem-based and inquiry-led learning. There are three main components to the teaching methods: 1. Seminars: These sessions contain three elements:
2. Online learning platform All modules are delivered in a blended format; day or residential masterclass are supported by significant online resources. Each apprentice has the benefit of both a module lead (subject specialist) and an academic mentor, with whom you can develop your study skills, critical thinking skills, application of new knowledge, evaluate own progress and plan own development.
3. E-Portfolio This portfolio is built up over the academic year and is submitted at the end of each stage of study. It contains elements which capture the apprentice’s engagement with learning and reflections upon skills and behavioural development.
E-Portfolio constitutes the following:
Learning is enhanced through a teaching/ learning philosophy which partners with employer to blend academic and professional practice. | There will be a range of regular formative assessment which seeks to build the skills and confidence of learners whilst keeping them engaged with the programme. Summative assessment will include, but is not limited to, closed-book examinations, applied exercise, case studies, presentations, portfolios, reflective essays, position papers, business improvement projects, proposals, problem-based essays, book and article reviews, visual images, videos, infographics, academic essays, reports and peer assessment. Where elements of the integrated modules have not been completed or passed successfully, learners will be asked to retake the assessment component or complete a modified assignment tailored to specifically measure the relevant ILOs. |
Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge
| Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to: | Intended Learning Outcomes (ILOs) will be... | |
|---|---|---|
| ...accommodated and facilitated by the following learning and teaching activities (in/out of class): | ...and evidenced by the following assessment methods: | |
1. Illustrate arguments using reflections upon own practice and drawing from own reading of assigned academic texts | See details in Section A Learning and Teaching Activities. | See details in Section A Assessment Methods. |
Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge
| Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to: | Intended Learning Outcomes (ILOs) will be... | |
|---|---|---|
| ...accommodated and facilitated by the following learning and teaching activities (in/out of class): | ...and evidenced by the following assessment methods: | |
1. Client/Customer Relationships: Build ethically sound and trusted relationships with internal and/or external clients/customers to form the basis of a long-term partnership. Work with clients/customers to identify their relevant financial services requirements. Provide flexible and innovative solutions, integrating products and excellent service as appropriate to your role, in order to support client/customers and meet their best interests. | See details in Section A Learning and Teaching Activities. | See details in Section A Assessment Methods. |
7. Programme Regulations
Programme-Specific Award Rules
This Apprenticeship comprises three standard stages over three years with 120 credits at each of Levels 4, 5 and 6 and the specific stage:credit:level pattern as follows:
Stage 1: 120 credits at Level 4;
Stage 2: 120 credits at Level 5;
Stage 3: 120 credits at Level 6
The BSc (Hons) award is calculated based on Levels 5 and 6 weighted in the ratio of 1:2.
End Point Assessment and Grading
Achievement of the apprenticeship will depend on apprentices successfully completing a number of assessment activities. The methods used will ensure that you are assessed across the whole of the Level 6 Financial Services Professional Standard as published at the start of your level 6 apprenticeship.
Each assessment method will be individually graded fail, pass and distinction based on the criteria set in the Apprenticeship Standard.
You must achieve at least a pass in both elements of the EPA to achieve a pass overall in your apprenticeship, and a distinction in both elements to achieve a distinction overall.
For the avoidance of doubt this equates to the following when determining the overall Apprenticeship grade:
|
Work-Based Project Grade |
Panel Interview Grade |
Overall Apprenticeship Grade |
|
Fail |
Fail |
Fail |
|
Fail |
Pass |
Fail |
|
Pass |
Fail |
Fail |
|
Pass |
Pass |
Pass |
|
Distinction |
Pass |
Pass |
|
Pass |
Distinction |
Pass |
|
Distinction |
Distinction |
Distinction |
End Point Assessment (EPA) must be conducted by an approved independent assessor.
Level 6 End Point Assessment Overview – this contains 2 mandatory components, which are described in more detail in the programme handbook:
- A Work-Based Project that demonstrates the capability of the apprentice to deliver the key aspects of the role.
- A Structured Panel Interview based on the Portfolio of Evidence. The Panel Interview will focus primarily on the skills and behaviours of the Standard, testing the competence of the apprentice, the content of the Portfolio, and how well you are performing in your role. The portfolio that is tested by the interview will include a range of types of evidence including reflective learning. It will be created throughout the apprenticeship.
Full details of assessment regulations for all taught programmes can be found in the TQA Manual, specifically in the Credit and Qualifications Framework, and the Assessment, Progression and Awarding: Taught Programmes Handbook.
Additional information, including Generic Marking Criteria, can be found in the Learning and Teaching Support Handbook.
Classification
Full details of assessment regulations for all taught programmes can be found in the TQA Manual, specifically in the Credit and Qualifications Framework, and the Assessment, Progression and Awarding: Taught Programmes Handbook. Additional information, including Generic Marking Criteria, can be found in the Learning and Teaching Support Handbook.
8. College Support for Students and Students' Learning
You will be allocated an academic mentor whose role it is to support you in your professional development. There will be work-based meetings, known as tripartite reviews, between the employer, the apprentice and the academic mentor. At each of these meetings your progression and personal development is discussed, reviewed and recorded in the E-Portfolio.
You will also benefit from advice and support from your workplace mentor whose role extends to providing you with opportunities to identify projects, evidence and ongoing professional development.
The academic mentor will provide details of how to obtain support and guidance on personal difficulties related to being a student of the university. They are able to liaise with the module leads and programme director on your behalf, and will provide you with advice and support for the duration of the programme.
9. University Support for Students and Students' Learning
Please refer to the University Academic Policy and Standards guidelines regarding support for students and students' learning.
10. Admissions Criteria
Undergraduate applicants must satisfy the Undergraduate Admissions Policy of the University of Exeter.
Postgraduate applicants must satisfy the Postgraduate Admissions Policy of the University of Exeter.
Specific requirements required to enrol on this programme are available at the respective Undergraduate or Postgraduate Study Site webpages.
11. Regulation of Assessment and Academic Standards
Each academic programme in the University is subject to an agreed College assessment and marking strategy, underpinned by institution-wide assessment procedures.
The security of assessment and academic standards is further supported through the appointment of External Examiners for each programme. External Examiners have access to draft papers, course work and examination scripts. They are required to attend the Board of Examiners and to provide an annual report. Annual External Examiner reports are monitored at both College and University level. Their responsibilities are described in the University's code of practice. See the University's TQA Manual for details.
14. Awarding Institution
ICAS (Institute of Chartered Accountants in Scotland)
15. Lead College / Teaching Institution
Faculty of Environment, Science and Economy (ESE)
16. Partner College / Institution
Partner College(s)
Not applicable to this programme
Partner Institution
Not applicable to this programme.
17. Programme Accredited / Validated by
Not applicable to this programme.
18. Final Award
BSc (Hons) Applied Retail and Commercial Banking (2RB25) (Higher Apprenticeship) (Part-Time)
19. UCAS Code
Not applicable to this programme.
20. NQF Level of Final Award
6 (Honours)
21. Credit
| CATS credits | 360 |
ECTS credits | 180 |
|---|
22. QAA Subject Benchmarking Group
23. Dates
| Origin Date | Date of last revision |
|---|


