Postgraduate Programs 2018/19
Master of Science Program in Financial Analysis
Award Title

Master of Science in Financial Analysis

Program Short Name


Mode of Study


Normative Program Duration

18-24 Months

Program Fee


The program fee is payable in installments according to a payment schedule announced by the Program Office.

Offering Unit
Program Advisor

Academic Director:
Prof Peter MACKAY, Associate Professor of Finance


The Master of Science (MSc) Program in Financial Analysis is designed to provide rigorous training to students for professional careers in the finance industry. The curriculum is structured to meet the growing and specialized demands of the industry. It begins with a solid foundation in accounting, economics, quantitative and computing skills, asset valuation and financial derivatives, which form the core subjects in the Chartered Financial Analysts (CFA) examinations curriculum. Students can then build on top of this broad knowledge base by choosing advanced courses and specialized electives that lead to concentration in Corporate Finance or Security Analysis.

On successful completion of the program, graduates will be able to:

  1. Apply the financial knowledge to real-world investment management and securities valuation;
  2. Develop sophisticated financial models to support decision making; and
  3. Propose asset/risk-management solutions that maximize firm value.
  1. Minimum Credit Requirement

30 credits


  1. Credit Transfer

Students can apply for credit transfer and/or course substitution for core courses. The maximum number of transfer credits to be granted is 6 credits.


  1. Core Courses

12 credits

ACCT 5150
FINA 5120
FINA 5210
FINA 5240
FINA 5250
FINA 5290


  1. Required Courses

8 credits

FINA 5140
FINA 5220
orFINA 5840
FINA 5300
FINA 5360


  1. Elective Courses

10 credits


Last Update: 31 July 2018

The program comprises two concentrations:


  1. Corporate Finance Concentration

Students are required to choose at least four courses from the list of electives in Corporate Finance to graduate with the Corporate Finance Concentration designation. Courses to be selected and approved by the Academic Director.


  1. Security Analysis Concentration

Students are required to choose at least four courses from the list of electives in Security Analysis to graduate with the Security Analysis Concentration designation. Courses to be selected and approved by the Academic Director.


Students will be allowed to take more than 30 credits of coursework and claim a second concentration with a minimum of 8 additional credits. Of these additional 8 credits, at least 6 credits must not have been used to satisfy the first concentration requirement.


Last Update: 31 July 2018

To qualify for admission, applicants must meet all of the following requirements. Admission is selective and meeting these minimum requirements does not guarantee admission.

1. General Admission Requirements of the University
  • Applicants seeking admission to a master's degree program should have obtained a bachelor’s degree from a recognized institution, or an approved equivalent qualification.

2. English Language Admission Requirements

Applicants have to fulfill English Language requirements with one of the following proficiency attainments:

  • TOEFL-iBT: 80

  • TOEFL-pBT: 550

  • TOEFL-Revised paper-delivered test (effective from 2018/19 admission): 60
    (total scores for Reading, Listening and Writing sections)

  • IELTS (Academic Module): Overall score: 6.0 and All sub-score: 5.5

Applicants don't need to present TOEFL or IELTS score if

  • their first language is English, or

  • they obtained the bachelor's degree (or equivalent) from an institution where the medium of instruction was English.

3. Program Specific Admission Requirements
  • One year of full-time post-qualification work experience
4. Additional Information
  • Applicants must show academic potential for success in the program by presenting evidence of strong performance either in their undergraduate degree, on the GMAT or GRE tests, or other academic achievements.