|Degree Code:||D63||Degree Name:||MASTER OF SCIENCE IN FINANCE|
|Degree Description:||Click to View|
The Master of Science (M.Sc) degree in Finance is designed to assist students enhance their managerial effectiveness within the fields of Finance, Accounting, Investments, Banking and Insurance. The programme is practical and career-oriented, while maintaining high standards of rigour and scholarship. It provides new skills, analytical tools and perspectives, which provide a sound basis for financial management, accounting, investments, banking and insurance. Students are to be drawn from the Eastern and Central African region and beyond. The M.Sc degree in Finance offers a unique opportunity for students to develop an appreciation of the causes and significance of current developments in the financial and corporate sectors, and to study advanced theory and practice relating to finance, accounting, insurance, banking and insurance. The programme caters for those that have undergone prior training in Finance, Accounting, Banking, Insurance, Economics, Mathematics, statistics and engineering. Teaching goes beyond theoretical concepts to practical knowledge based on cases and real life experiences; hence shared experiences by the diverse student body are an integral part of the M.Sc programme.
The strength of the M.Sc degree in Finance is founded on the long history of the UON School of Business since 1972, experienced lecturers with a wide variety of backgrounds, and diversity in the student body in terms of backgrounds and nationalities. The School of Business is renowned for its work in management strategy, international business, marketing, finance and accounting. Indeed, graduates of the school of business are highly regarded by employers in the public and private sectors, and excellent opportunities exist for internships, work placements and graduate careers. Our location in the city of Nairobi –the region’s foremost business and financial centers – offers many key advantages to our students, and we have close links with many investment firms, banks, insurance companies and other financial institutions. The M.Sc degree in Finance acts as a terminal degree for those interested in careers in the corporate world, but also as a preparatory course for those aspiring to pursue doctorates for careers in research and teaching in Finance, Accounting, Investments, Banking and Insurance. The programme therefore aims at training the critical manpower required towards achieving Kenya’s Vision 2030 and other development objectives, and to making East and Central Africa a vibrant region ready to face a globalizing world characterized by constant change and new demands.
The objectives of the programme are to:
a) Equip the student with a knowledge of key generic and specific areas of Finance, Accounting, Investments, Banking and Insurance;
b) Equip students with the knowledge and skills necessary to pursue a senior level professional career in Finance, Accounting, Investments, Banking and Insurance;
c) Enhance self-confidence and the ability of the student to evaluate practical business experience from an academic, practical, and a critical perspective;
d) Develop understanding of the theoretical and practical issues critical for managers who often have to make rapid and far-reaching decisions about the short-term financial operations and long term strategies of firms;
e) Instill a professional and problem-solving attitude in the fields of Finance, Accounting, Investments, Banking and Insurance; and
f) Develop high-level manpower for academic and other research Institutions in the region.
2.0 Entry Requirements
2.1 The common regulations for the masters’ degree in the University of Nairobi shall be applicable.
2.2 The following shall be admissible:
a)A holder of at least an upper second class degree in Finance, Accounting, Banking, Insurance, Economics, Mathematics, Statistics and Engineering.
b)A holder of lower second class degree in Finance, Accounting, Banking, Insurance, Economics, Mathematics, Statistics and Engineering with at least two years of work experience.
3.0 Credits Transfer and Exemptions
3.1 Applicants who have completed equivalent Masters course units at other Senate recognized universities may, with the approval of the Senate, be allowed to transfer credits up to one third (four) course units into their program. Students desiring to receive credit for any prior course units done will need to make a formal request, which includes:
a) A list of the University of Nairobi (UON) course units for which the student is interested in getting credit;
b)Official transcripts, indicating courses that may be equivalent and;
c)Description and syllabus/outlines for the courses previously taken and passed. In addition there may be an exemption examination.
3.2 All those seeking to transfer credits will be required to pay an appropriate fee.
4.0 Course structure and Duration
4.1 The programme consists of twelve (12) taught course units that constitute Part 1 while a project Part II.
4.2 The minimum duration for the programme shall be three (3) semesters, while the maximum duration shall be ten (10) semesters, and will involve coursework, examinations and the research project.
4.3 A candidate shall be allowed to take a maximum of six (6) course units and a minimum of two (2) course units per semester.
4.4 Each course unit shall be taught for forty five (45) contact hours.
4.5 There will be eight (8) core course units which shall be taken by all candidates.
4.6 In addition to the core course units, candidates will be required to take three (3) specialization course units in a chosen thematic area, and one (1) elective course unit. Specialization course units allow a student to concentrate in their chosen thematic area, while elective course units provide options for additional knowledge in other areas of interest, not necessarily in their chosen thematic area.
4.7 Electives may be chosen from the list of elective course units in any area of study, or from specialization course units from a different thematic area, that would now count as electives.
4.8 Course units can only be taken after the necessary prerequisites have been successfully completed.
4.9 After completing Part I (all the taught course units – 8 core course units, 3 specialization course units, and 1 elective course unit), candidates will carry out research and produce a project (Part II). Part II shall commence in the semester immediately succeeding successful completion of Part I. Once the project is started it must be completed within the semester, or duration of six course units, with the maximum duration equivalent to the minimum load of two course units per semester.
|Fees Structure for the Master of Science in Finance Degree||View Details|
8. Fees Structure for the Master of Science in Finance Degree
* Foreign students to pay 25% more on fees
6.0 Examination Regulations
6.1 Written Examinations
a) In each semester, candidates will be required to take a minimum of two (2) and a maximum of six (6) examination papers.
b) All candidates shall be required to take and pass a total of twelve (12) examination papers before being allowed to proceed to do a project.
c) Each course unit shall be examined through a two-hour written examination paper at the end of each semester.
d) The final written examination shall account for fifty percent (50%) of the marks in each course unit, while continuous assessment shall account for the remaining fifty percent (50%).
e) The pass mark for each course unit shall be fifty percent (50%).
f) Candidates who fail to satisfy the examiners in any course unit may on the recommendation of the School Board of Examiners and approval by Senate be allowed to take up to two supplementary examinations.
g) A pass obtained in the supplementary examinations shall be recorded as 50% in the candidate’s academic record.
h) A candidate who fails to satisfy the examiners in the second supplementary examination shall, subject to the following on recommendation of the School Board of Examiners and approval by Senate, be:
(i) discontinued if the failed course unit is a core course, or
(ii) allowed to change to another specialization option if the failed course is a specialization course unit, or
(iii) allowed to take another elective if the failed course is an elective course unit.
Conditions (ii) and (iii) shall only apply provided the stipulated maximum period of 10 semesters is not exceeded; otherwise the candidate shall be discontinued.
6.2 Project Examination
a) Candidates shall be required to submit supervised project for examination at least three weeks before end of semester in which it is to be examined.
b) For purposes of examination regulations, the project shall be considered to be equivalent to four course units.
c) The pass mark for the project shall be fifty percent (50%)
d) A candidate who fails in the project may on the recommendation of the School Board or Examiners and approval by Senate, be allowed to re-submit the project one more time within the stipulated period of 10 semesters.
e) A pass obtained in the re-submission of a project shall be recorded as 50% in the candidate’s academic record.
f) Candidates who fail to satisfy the examiners in the re-submission of the project or fails to complete their study within the stipulated period of 10 semesters shall on recommendation of the School Board of Examiners and approval by senate be discontinued. A candidate shall not be allowed to work on a project for more than two semesters. All re-submissions must be done within the two semesters.
7.0 Degree Award
After completion of all the requirements the successful candidate shall be recommended for the award of the degree of Master of Science in Finance.
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