MASTER OF SCIENCE AND PROFESSIONAL DIPLOMA IN BANKING AND FINANCE

INTRODUCTIONThe graduate degrees in banking and finance (Master of Science and Professional Diploma) are academic and professional programs, respectively, intended for academicians and practitioners in the fields of banking, investment, finance and Islamic finance. Curriculum is both theoretical and practical in nature and many of the teaching in courses depend on the case study methodology. Students have the option of pursuing their studies leading to one of the following degrees:
• A Professional Diploma in Banking and Finance.
• A Master of Science in Banking and Finance.

Program Description

The Masters and Diploma in Banking and Finance are designed for students with a Bachelor degree in business, finance, economics or related disciplines. The degrees offer a strong finance-focused curriculum in contrast to an MBA or an EMBA which tend to be general in nature.

While the curriculum emphasizes financial theory and modeling in many of its courses, students are introduced to contemporary topics in finance including the international and regulatory dimensions. Students are also engaged in applied research and simulation exercises using case studies and professional software packages.

Admission Requirements

Generally, students admitted to the graduate programs in banking and finance are required to have an adequate academic background in economics or finance, in addition to a strong applied experience in areas related to the field. Students who lack any of these requirements must complete remedial courses as needed, details of which are shown in section (6) curriculum below.

Decisions on admission to the university are made by the admissions committee based on the student’s academic records, business experience, proof of English proficiency, recommendation letters, the student’s statement of purpose and the student’s performance in the admission interview.
The general admission guidelines are:
• A minimum grade of “Good” or equivalent from recognized universities in Egypt or abroad.
• A minimum of 3 years of experience in banking and finance or related fields.
• A minimum score of 61 in internet-based TOEFL (iBT) or equivalent.
Acceptance in the program is based on the applicant’s record in the above areas and on his/her performance in the interview.

Program Outcomes

The graduate programs in Banking and Finance have five major outcomes: integrating business functions for financial decisions; demonstrating strong knowledge of financial theory; evaluation of financial performance; analysis of financial investment alternatives; and in addition, graduates should be able to analyze problems in their area of specialization and provide adequate advice to management.

Upon successful completion of the program, each student will be able to:

• Integrate Business Functions for Financial Decisions: demonstrate an understanding of how to integrate the different business disciplines in assessing financial challenges and opportunities taking into account the local and international constraints as well as the company’s mission, vision and overall strategy.
• Demonstrate Strong Knowledge of Financial Theory: understand, compare and contrast the different financial theories that influence financial decisions in valuation, dividends distribution, capital structure, mergers and acquisitions, credit rating and other related areas.
• Evaluate Financial Performance: identify the firm’s strength and develop the right mix of assets that are aligned with the overall strategy of the firm, and evaluate whether the objectives of the firm’s investment policy have been met.
• Analyze Financial Investments: evaluate the risk-return trade-off of different financial investments and design a portfolio of investments that is optimum in terms of liquidity, duration and other identified requirements and constraints.
• Demonstrate Expertise in Area of Specialization: provide professional advice on issues related to his/her specialization including analyzing problems and developing alternatives for decision-making.

Graduate Requirements

• To receive their Master of Science degree in Banking and Finance, Students have to:
1. Complete a minimum of 30 crhrs of course work, plus possibly none credit courses depending on their academic background and practical experience, with a cumulative GPA of 3.0 or higher.
2. Submit and successfully defend a thesis, equivalent to 12 crhrs in their area of specialization.
3. Complete the requirements of the degree in a period from two to three years. Extension may be granted in special cases subject to approval from the school council.

• Students opting for the Diploma in Banking and Finance must complete 18 crhrs of required course work with a cumulative GPA of 3.0 or higher in a period from one to two years. Extension may be granted in special cases subject to approval from the school council.

Curriculum

1. Remedial Courses 

Students lacking an adequate academic background in economics or finance or applied work experience in the field may be required to take one or more of the following none credit remedial courses to eliminate their deficiency.

Courses Cr Hr
STAT 601 Probabilities and Statistics for Business.
ACCT 601 Financial Accounting.
ECON 606 Business Economics.
FINC 601 Financial Management.
2
2
2
2

 

2. Business Required Core Courses (8 Cr Hrs)

Courses Cr Hr
ACCT 605 Financial Statement Analysis
FINC 621 Quantitative Methods for Finance
MGMT 601 Management and Leadership
BSAD 603 Corporate Strategy and International Competitiveness
2
2
2
2

 

3. Finance Required Core Courses (10 Cr Hrs)

Courses Cr Hr
FINC 602 Corporate Finance
FINC 603 International Finance
FINC 604 Investment Management
FINC 608 Fixed Income Securities
FINC 614 Financial Markets
2
2
2
2
2

 

4. Masters Required Courses (4 Cr Hrs)

Courses Cr Hr
BSAD 606 Corporate Governance
BSAD 607 Research Methods in Business
2
2

 

5. Masters Electives (8 Cr Hrs)

Students must choose to specialize in one of four areas: Banking, Investment and Finance, Islamic Finance or Banking and Finance.

Students specializing in any of the first three areas must complete four courses (8 Cr Hrs) from courses listed in that area with the approval of their advisor. Students specializing in Banking and Finance must complete, with the advisor’s approval, four courses (8 Cr Hrs) from the other three specializations including at least one course in each area.

Courses Cr Hr
Banking Specialization (8 Cr Hrs.):
ACCT 607 Financial Reporting for Banks
FINC 605 Mergers and Acquisitions
FINC 610 Financial Regulations and Ethics in Banking
FINC 611 Risk Management in Banking
FINC 613 Mortgage Financing
FINC 616 Management of Financial Institutions
FINC 690 Selected Topics in Banking and Finance
FINC 699 Independent Studies in Banking and Finance
2
2
2
2
2
2
2
2
Investment and Finance Specialization (8 Cr Hrs):
ACCT 606 Financial Reporting for Investment Companies
FINC 605 Mergers and Acquisitions
FINC 606 Private Equity and Small Business Finance
FINC 607 Derivatives
FINC 609 Financial Regulations and Ethics in Investments
FINC 612 Real Estate Investments
FINC 690 Selected Topics in Banking and Finance
FINC 699 Independent Studies in Banking and Finance
2
2
2
2
2
2
2
2
Islamic Finance Specialization (8 Cr Hrs):
ACCT 608 Accounting and Financial Reporting for Islamic Banks
FINC 617 Introduction to Islamic Finance
FINC 618 Insurance and Takaful
FINC 619 Islamic Project Finance and Transactions
FINC 620 Islamic Asset Management
FINC 690 Selected Topics in Banking and Finance
FINC 699 Independent Studies in Banking and Finance
2
2
2
2
2
2
2
Banking and Finance Specialization (8 Cr Hrs):
Students specializing in Banking and Finance must complete, with the advisor’s approval, four courses (8 Cr Hrs) from the other three specializations by taking at least one course in each area.

 

6. Thesis

In addition to the course work, students opting for the Masters degree must also submit and successfully defend a thesis, equivalent to 12 Cr Hrs, in their area of specialization.