Master of Finance (MF)

The Masters in Finance is designed for experienced professionals wishing to fast-track their career in finance. Specifically,  for those wishing to advance their career in finance or change their area within finance, as well as those who have exposure to finance in a current or previous role, who now wish to deepen their financial knowledge.  As a generalist programme in a specialist field, it aims to fast-track your career by providing you with: a strong foundation in the principles and practice of finance; a substantial base of new concepts and knowledge; new skills, analytical tools and perspectives which provide a sound basis for financial decision-making. These are crucial elements for anyone wishing to excel in financial institutions or the finance function of organisations.  

Admission Requirements
A candidate must satisfy any of the following minimum requirements in addition to specific programme requirements:


  • Be a holder of a Bachelors degree in either finance, economics, or any other equivalent field with at least Upper Second Class honours or its equivalent from an institution recognized by the University Senate.

  • Be a holder of a Bachelors degree in either finance, economics, or any other equivalent field  with Lower Second Class honours provided the candidate can show proven evidence of research ability and/or three (3) years experience in a relevant field.

  • Be a holder of a Bachelors degree in either finance, economics, or any other equivalent field with a PASS or its equivalent from any institution recognized by the University Senate provided such candidates have proven research ability and/or relevant work experience of five (5) years.
  • Be a holder of  Postgraduate Diploma in Business Sciences of KSMS/JKUAT who will be  admitted with exemption of at most six (6) units offered in the first two semesters of the Masters programme. Such units must be  equivalent in content and bear the same codes as those offered at Masters level.

  • Possession of  the minimum  entry requirements does not guarantee automatic admission to the Masters degree.

Programme Objectives:
The board objectives of the MF programme  to is  provide a solid Foundation, for  the participants, in the area of Finance.  At the end of this programme, participants will be able to among others to:

i) Provide a grounding to students in the area of finances.
ii) Acquire subject-specific skills for employment or further study.
iii) To acquire the ability to design and apply financial models.

Progranne Duration
The programme will be taken on full day/evening or part-time mode over a period of 12 months or 24 months respectively

Target Audience:
The Masters in Finance is designed to prepare experienced professionals, both in the public and private sector and specifically in Anglophone Africa,   for successful careers in the finance industry or in the finance function in business organizations.
Unit Codes and Title

Semester 1
HCEF 3101: Applied Economics
HCEF 3102: Introduction to Finance
HCEF 3103: Mathematics for Economists
HCEF 3104: Accounting
HCEF 3105: Behavioral Finance
HCEF 3106: Investments

Semester 2
HCEF 3107: Applied Statistics
HCEF 3108: Operations Researc
CEF 3109: Corporate Finance
HCEF 3110: Financial and Emerging Markets
HCEF 3111: International Finance
HCEF 3112: Organisational Behaviour

Semester 3
Core Units
HCEF 3113: Research Methods
HCEF 3114: Risk Management
HCEF 3115: Applied Econometrics
HCEF 3116: Seminar Paper in  Finance
Options (Any 2 Units from Preferred  Option)

Financial Markets Option
HCEF 3117: Financial Instruments
HCEF 3118: Financial Time Series
HCEF 3119: Global Financial Markets

Corporate Finance Option
HCEF 3120: Mergers and Acquisitions
HCEF 3121: Advanced Corporate Finance
HCEF 3122: Project Finance

Real Estate Management  Option
HCEF 3123: Real Estate Finance
HCEF 3124: Real Estate Investment  and Portfolio Management
HCEF 3124: Seminar in Real  Estate Finance
Semester 4
HCEF 3125: Research Project
HCEF 3126: Internship Programme
Last Updated on Tuesday, 30 March 2010 12:53


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