Aerial view of Dar Es Salaam, Tanzania

MScFinance - Tanzania

Why this course?

The MSc in Finance is offered in conjunction with the Institution of Finance Management (IFM) in Dar Es Salaam, Tanzania.

This course is suitable for those intending to develop their careers in finance, broadly defined as:

  • corporate finance
  • security analysis
  • portfolio management
  • options and futures
  • treasury management
  • the functioning of financial institutions and markets
  • financial decision-taking in the public sector

If you’re already working in finance, the course will enhance your effectiveness in your current role. We’ll explore the latest developments in the field and encourage you to question traditional rules and techniques and take an analytical approach to practical problems.

The programme provides you with:

  • a good understanding of financial theory and analysis
  • an appreciation of the nature and functioning of financial markets and institutions
  • a good working knowledge of accounting information and its use in financial decision-making and analysis
  • the ability to apply the analysis developed in the course in:
    • financial management
    • international finance
    • international banking
    • security analysis
    • portfolio management
    • options
    • futures & other derivatives
  • an appreciation of recent developments in the financial markets, particularly the derivative markets
  • the ability to identify and analyse problems, consider alternative approaches and choose appropriate solutions
  • various transferable skills in:
    • problem solving
    • data analysis
    • statistical analysis
    • model building
    • the critical evaluation of theory and practice
    • the use of spreadsheets and other software packages
    • information collection
    • report writing
    • the communication of ideas and analysis
    • presentational techniques
    • research activities
The Department of Accounting & Finance has been ranked 2nd in the UK for Accounting and Finance by the Times University Guide for 2013 and the Sunday Times Guide.

Facilities

Strathclyde’s award-winning Business School is one of the largest institutions of its kind in Europe. We have around 200 academic staff and more than 3,000 full-time students.

The departments and specialist units work together to provide a dynamic, fully-rounded and varied programme of specialist and cross-disciplinary postgraduate courses.

Course content

Part-time structure

Semester 1
  • Accounting & Financial Analysis
  • Quantitative Methods for Finance
Semester 2
  • Principles of Finance
  • International Financial Markets & Banking
Semester 3
  • Advanced Corporate Finance & Applications

And one from the following:

  • Security Analysis
  • Management Accounting
Semester 4
  • Derivatives & Treasury Management

And one from the following:

  • Portfolio Theory & Management
  • Behavioural Finance
  • Empirical Methods in Finance
Semester 5:
  • Empirical Research Projects/dissertation

Compulsory classes

Semester 1
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, the relationship between risk and returns. While the analysis will be developed in the context of corporate finance, looking at companies’ decisions on the investments in assets and how these investments will be funded and the nature of the markets in which it will also consider the principles underlying financial reasoning that can be applied on a more general basis.

Find out more in the 2015/16 class outline for Principles of Finance.

Accounting & Financial Analysis

The aim of this class is to provide you with an understanding of the basic principles of financial accounting and financial analysis, the ability to interpret financial statements and their use in assessing the financial position and performance of companies.

This class provides an introduction to the principles of accounting and the analysis of financial statements. It will enable you to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and to interpret and analyse these statements. Particular emphasis is placed on the accounting concepts and information employed in financial analysis and decision taking.

You'll develop the ability to prepare and interpret financial statements and construct cash forecasts. In addition, you'll develop an understanding of the demand and supply for accounting information; an appreciation of the role of financial analysis and analysts; and an awareness of the statistical characteristics of accounting numbers.

Find out more in the 2015/16 class outline of Accounting & Financial Analysis.

Quantitative Methods for Finance

This class aims to provide an introduction to statistical techniques that are commonly used in finance, a basic understanding of econometric analysis, and an appreciation of the general role of quantitative methods in finance. It also aims to develop your practical computational skills by offering an opportunity to solve problems using statistical software. The class will focus on the application of statistical techniques in empirical analysis in finance.

Find out more in the 2015/16 class outline for Quantitative Methods for Finance.

International Financial Markets & Banking

The aim of the class is to provide you with an understanding of the financial system and the roles and functions of financial markets and institutions. A particular emphasis is placed on understanding the roles of intermediaries such as banks and investment firms.

You'll develop an understanding of the various characteristics and roles of fixed income, equity, and foreign exchange markets. While some attention will be given to the UK financial markets, the global nature of financial markets will be widely discussed. This class aims to equip you with an awareness and understanding of financial markets and institutions in the context of the global economy. Particular emphasis will be placed on the role and contribution of the banking sector.

This class covers the reasons for, and nature of, of financial markets and institutions with a particular focus on banking, the global nature of these markets and their regulation.

Find out more in the 2015/16 course outline for International Financial Markets & Banking.

Semester 2
Advanced Corporate Finance & Applications

The aim of this class is to discuss the different ways in which firms can raise funds, internally and externally, and the role of capital markets in determining the terms on which funding will be available. The costs and risks of difference sources of financing and the role of taxation will also be covered.

It will also provide you with a working knowledge of the leasing decision of a firm, of corporate financial planning, the management of working capital, the rationale for mergers and acquisitions, the implications of corporate governance, and issues related to corporate financial restructuring.

The class will cover the capital structure of companies, and their ability to raise finance through initial and seasoned equity capital issues. It will also examine mergers and acquisitions as major investments undertaken by companies, the firm’s working capital policy, and their payout policy in the form of dividends and stock market buybacks. It will be conducted through a series of lectures and tutorials.

Find out more in the 2015/16 class outline for Advanced Corporate Finance & Applications.

Derivatives & Treasury Management

The aim of this class are to provide a strong grounding in derivatives that may be used to manage the financial risks faced by individuals, financial institutions and business corporations. It places an emphasis on corporate treasury management and the role of derivatives in managing treasury risk.

Find out more in the 2015/16 class outline for Derivatives & Treasury Management.

Optional classes (choose two)

Behavioural Finance

The aim of the class is to provide you with an understanding of the main ideas of behavioural finance. A particular emphasis is placed on understanding the roles of non-rational actions and the development of new financial models that incorporate these ideas.

You'll engage with up to date research and develop a critical view of existing and new finance theories and models. It aims to introduce you to the rapid evolving area of behavioural finance. You'll develop an understanding of behavioural finance and an appreciation of its possible implications and applications.

This class introduces you to behavioural finance and provides you with an understanding of the main flaws of “traditional” finance theory from a behavioural finance viewpoint. It will allow you to develop the ability to discuss issues arising from violations of the rationality assumption and will enable you to evaluate new theoretical models based on research in psychology.

The course will allow you to appreciate the role of new developments in finance and their possible implications for established views of the functioning of financial markets.

Find out more in the 2015/16 class outline for Behavioural Finance.

Security Analysis

The aims of this class are to develop an appreciation of the investment characteristics of different types of securities, particularly bonds and shares, and to develop an understanding of how such securities are valued. This class will build on the analysis developed in the first semester class, Principles of Finance. It will consider the determination of interest rates, the valuation of bonds, the management of bond portfolios, and the valuation of equities.

Find out more in the 2015/16 class outline for Security Analysis.

Management Accounting

The course aims to give you a foundation in the theory and practice of management accounting. It emphasises the role of the management accountant in helping the owners and managers of a business to make decisions.

Different accounting information is required for different purposes: conventional cost accounting emphasises product costs for the allocation of costs between the cost of goods sold and inventories; decision-relevant costs provide information to help managers make resource allocation decisions; and responsibility accounting, cost control and performance measurement focus on both financial and non-financial information.

This course provides an introduction to the theory and practice of management accounting. It covers management accounting principles and their relevance to the business environment. It further involves a detailed exploration of the uses of management accounting information in the financial decision making process.

Empirical Methods in Finance

This class aims to build on the knowledge, understanding, and skills acquired in the Quantitative Methods in Finance class and extends it further, especially in the context of time series and panel data analysis. It focuses on applications in finance of econometric techniques and is extended to incorporate panel data analysis methods with their application in finance.

Find out more in the 2015/16 class outline for Empirical Methods in Finance.

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.

Find out more in the 2015/16 class outline for Portfolio Theory & Management.

Semester 3
Empirical Research Projects

This involves the preparation of three research projects.  Two of these projects will provide experience of undertaking empirical work in Finance. The choice of the topic for the third topic is left to each individual, though the topic must be approved by the Course Director.

Find out more in the 2015/16 class outline of Research Projects.

Assessment

The examinations for all classes will take place at the end of the semester in which they are offered.

Entry requirements

An Honours degree, or equivalent, in accounting, economics, business studies, maths, statistics or computing.

Overseas students' qualifications will be judged on an equivalent basis. Further information can be found at Strathclyde Equivalence.

For students whose first language is not English, more information about the English language requirements for studying at Strathclyde can be found here.

You must able to attend the introductory sessions in the middle of September 2016 at the Institute of Finance Management in Dar Es Salaam, Tanzania.

Fees & funding

How do I apply?

You must be offered a place on the MSc in Finance at IFM before you submit a scholarship application.

Applications for the MSc in Finance should be submitted directly to the University of Strathclyde to allow us to assess your academic suitability.

You should contact Barbara Baillie, the course administrator, to receive information on how to proceed with an application to the Strathclyde MSc in Finance. Any questions for IFM should be directed to Dr Imanueli Mnzava - kids.mnzava@gmail.com.

Commonwealth Scholarships for the study of the MSc Finance at the Institute of Finance Management (IFM)

The MSc Finance at the University of Strathclyde, offered in conjunction with the Institution of Finance Management (IFM), has been awarded a number of Commonwealth Scholarships to fund students taking the course at IFM. The scholarships will be available for the part-time (two years) course. Find out more about the Commonwealth Scholarships.

Scholarship search

Please note

The fees shown are annual and may be subject to an increase each year. Find out more about fees.

Careers

This course is suitable for those intending to develop their careers in finance, broadly defined as:

  • corporate finance
  • security analysis
  • portfolio management
  • options and futures
  • treasury management
  • the functioning of financial institutions and markets
  • financial decision-taking in the public sector

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Finance - Tanzania

Qualification: MSc, Start date: Sep 2016, Mode of delivery: distance learning, part-time

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