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Master of Science in Finance
Master of Science in Finance
The Master of Science in Finance (MFin) at SIMAD University is a rigorous, practice-oriented graduate program designed to meet Somalia’s growing demand for advanced financial expertise across banking, capital markets, public finance, and the private sector.
Introduction
The Master of Science in Finance (MFin) at SIMAD University is a rigorous, practice-oriented graduate program designed to meet Somalia’s growing demand for advanced financial expertise across banking, capital markets, public finance, and the private sector. The curriculum integrates investments, corporate finance, financial markets, risk management, Islamic finance, and real-estate finance, blending analytical depth with applied projects and capstone case studies. Graduates are prepared to lead in domestic and international settings and to contribute to Somalia’s economic recovery, institutional strengthening, and market development.
Specific Objectives
Upon completion, graduates will be able to:
- Apply advanced tools in valuation, capital budgeting, risk management, and portfolio analytics.
- Design and evaluate empirical studies using econometric and data-analytic techniques (e.g., EViews/STATA).
- Analyze international financial issues (FX, balance of payments, global capital flows) and advise multinational decisions.
- Interpret and communicate financial insights to diverse stakeholders with professional integrity.
- Integrate Shariah-compliant perspectives where appropriate in investment and financing decisions.
Human Resources and Facilities
Courses are delivered by research-active faculty with doctorates in Finance/Banking/Economics or equivalent, with recent peer-reviewed publications and strong English-medium teaching capability; adjuncts with significant industry experience may teach practice-oriented modules. Faculty development, assessment moderation, course evaluations, tracer studies, and employer feedback support continuous improvement. Learning resources include monitored access to core texts, digital tools, and analytical databases aligned to course needs.
Exam Regulations
Assessment emphasizes both continuous learning and summative evaluation. Typical components and indicative weight ranges include participation (5–10%), assignments (15–20%), group projects/presentations (15–25%), case analyses (10–15%), and final examinations (20–30%). The capstone/research component is assessed independently (100% of its 6 credits). Many course outlines specify that students must pass both midterm/continuous assessment and the final exam to pass the course (commonly 60% coursework, 40% final). Progression follows successful completion of semester requirements and maintenance of satisfactory standing per university policy.
Award of the Degree
To be awarded the Master of Science in Finance, a candidate must:
- Complete core, specialization, electives, and thesis with the minimum GPA required.
- Satisfy ethical and research compliance requirements.
- Demonstrate English proficiency (B2 via Linguaskill or approved IELTS/TOEFL).
- Clear all financial and administrative obligations.
The Master of Science in Finance (MFin) at SIMAD University is a rigorous, practice-oriented graduate program designed to meet Somalia’s growing demand for advanced financial expertise across banking, capital markets, public finance, and the private sector. The curriculum integrates investments, corporate finance, financial markets, risk management, Islamic finance, and real-estate finance, blending analytical depth with applied projects and capstone case studies. Graduates are prepared to lead in domestic and international settings and to contribute to Somalia’s economic recovery, institutional strengthening, and market development.
Study Programs
Code | Course Name | CU |
FNCE7101 | Research and Quantitative Methods | 3 |
FNCE7102 | Managerial Finance | 3 |
ACCT7104 | Financial Statement Analysis | 3 |
FNCE7105 | Portfolio Management | 3 |
FNCE7106 | Financial Markets and Institutions | 3 |
FNCE7107 | Bank Operations and Management | 3 |
FNCE7201 | Corporate Finance | 3 |
FNCE7202 | Issues in Islamic Banking | 3 |
ECON7101 | Quantitative Methods in Finance | 3 |
FNCE7203 | Company Evaluation | 3 |
FNCE7204 | International Finance | 3 |
FNCE7205 | Real Estate Valuation and Investment | 3 |
FNCE7206 | Islamic Financial Planning | 3 |
FNCE7207 | Seminar in Finance | 3 |
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Applicants must:
- Hold a recognized bachelor’s degree in business, economics, or a related field (minimum GPA 2.5).
- Provide evidence of professional experience (preferred but not mandatory).
- Semester Fees: USD 475
- Tuition Fees: USD 2,850 for two years
- The school has three intakes
- January, May, September