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- Master of Applied Finance (Financial Services)
Master of Applied Finance (Financial Services)
Duration
18 - 24 months
12 subjects
Classes commence
| September (Autumn) |
| January (Winter) |
| April (Spring) |
Fees*
AED 9,415.35 / USD 2,565 per subject
*VAT 5% inclusive
The Master of Applied Finance (Financial Services) offers a comprehensive and advanced program designed to equip students with in-depth knowledge of financial institutions, bank management, and lending. Through work-integrated learning and ongoing collaboration with industry, and collaborative peer learning, participants will gain a conceptually sound and practical understanding of the global financial system. Additionally, competing approaches to corporate governance and business ethics will be developed, besides how to provide protection against portfolio, financial and corporate risks.
With a focus on the legal framework governing financial institutions and the intricacies of a bank's lending process, bank management theory and the securities associated with it, graduates emerge well-prepared to navigate the dynamic landscape of financial services with confidence. The program will also include an emphasis on developing conceptual and practical knowledge relevant to a disruptive financial services sector including key areas such as fin-tech, sustainable financial management and data-driven decision-making.
This specialised concentration opens diverse career avenues in banking, asset management, and other financial sectors, including Credit Analyst, Business Analyst, Foreign Exchange Trader, Loan Officer, Bank Liability Manager, Financial Manager, Asset Manager, Financial Risk Manager, among others, making the graduates highly sought after by employers.
Students applying for a master's degree must have completed a bachelor's degree (or equivalent) at an accredited institution of higher education and have achieved the minimum grades outlined below:
| Country | Direct Admission | Probationary Entry* GPA 2.5-2.99 or equivalent |
Conditional Entry** GPA 2.0-2.49 or equivalent |
|---|---|---|---|
| Australia | 65% | 57% | 50% |
| Brazil | 7/10 | 6/10 | 5/10 |
| China | 75% | 63% | 50% |
| Colombia | 3.5/5 | 3.25/5 | 3/5 |
| Egypt | 65% (Good) | 57% | 50% (Pass) |
| India | 50% | 45% | 40% |
| 10 Point System: 7.0/10.0 | 10 Point System: 6.0/10.0 | 10 Point System: 5.0/10.0 | |
| 4 Point System: 3.0/4.0 | 4 Point System: 2.5/4.0 | 4 Point System: 2.0/4.0 | |
| Iran | 14 | 13 | 12 |
| Japan | 70/100 or 4/5 | 65/100 or 3.5/5 | 60/100 or 3/5 |
| Jordan | 70% | 60% | 50% |
| Kenya | 50% | 45% | 40% |
| Lebanon | 11 | 10.5 | 10 |
| Mexico | 8/10 | 7/10 | 6/10 |
| Nepal | 50% | 45% | 40% |
| Nigeria | 50% | 45% | 40% |
| Pakistan | 50% | 45% | 40% |
| Russia | Average of 4 | Average of 3.5 | Average of 3 |
| South Korea | 80/100 | 75/100 | 70/100 |
| UAE | 3 | 2.5 | 2 |
| UK | 2nd Class Honours with lower division (or min 50%) | 45% | Pass (or min 40%) |
| USA | 3 | 2.5 | 2 |
* Applicants with a bachelor’s degree in the relevant field of study, or its equivalent, with an overall GPA between 2.5 and 2.99 (on a 4.0 scale) may be conditionally admitted to a master’s program, only if they meet the necessary english language requirement. Such students must take a maximum of 18cp of subjects studied for the master’s degree during the period of conditional admission and must achieve an overall WAM of 55 in their first 3 subjects at the University. Students who fail to achieve this standard may have their enrolment discontinued.
** Applicants with a bachelor’s degree in the relevant field of study, or its equivalent, with an overall GPA between 2.0 and 2.49 (on a 4.0 scale) may be conditionally admitted to a master’s degree, only if they meet the necessary english language requirement and they will be required to complete a maximum of 18cp remedial non-credit bearing subjects prior to enrolment in their chosen Master’s degree. Students must achieve a minimum WAM of 55 in these subjects in order to progress to the master’s degree or may have their enrolment discontinued.
Note:
[1] Unless otherwise stated, the entry requirements above are based on Section I institutions. Further details on alternate entry requirements can be obtained by contacting the Admissions department.
[2] The Master of Applied Finance is an advanced degree for students who have a recognised bachelor’s degree in Business, Engineering, Maths or IT related specialisation. Students who do not have the above background may be admitted on probationary status subject to the successful completion of the foundation subjects of the MAF program.
At UOWD, all classes are taught in English and in order to enrol in a master's degree you will need to submit one of the following certificate of English language proficiency:
| English Language Test | Entry Score |
|---|---|
| IELTS Academic |
Overall score of 6.0 with 6.0 in Reading and Writing and 5.0 in Listening and Speaking |
| TOEFL Internet based |
79 with not less than 20 in Writing, 18 in Reading, 17 in Listening, 16 in Speaking |
| TOEFL Computer based |
213 with a 4.0 TWE/Essay Writing |
| TOEFL* International paper based |
550 with a 4.0 TWE/Essay Writing |
| EmSAT Achieve English |
1400 |
Note: Students who have achieved an overall Academic IELTS score of 6, but with a minimum of 5 in reading and writing for their relevant program, may opt to take Academic Writing as an additional subject during their first semester at an additional fee of AED 1,050/USD 286. A 50% pass rate is required to clear the post enrolment condition. Alternatively, the student may opt to retake the IELTS test.
* Students admitted under this criterion must complete the test at AMIDEAST.
If you are seeking credit for prior learning, you will need to submit an official academic transcripts showing all courses studied and the grades obtained, syllabus details (including information on course content) for the courses you have successfully completed and an explanation of the grading system. Your eligibility for Credit for Prior Learning will be decided in consultation with UOWD's Faculty Offices prior to the beginning of the program.
To make an application for your chosen program, complete the online application form and submit it along with all your supporting documentation (see below) prior to the application deadline.
Late applications may be accepted subject to the availability of places but applicants are encouraged to apply as early as possible.
The following records are required to process your application. Please ensure that all these documents accompany your UOWD application for admission form submittal:
- The original transcripts of your bachelor’s degree results
- A Certificate of Completion
(If the above documents are not in English, a certified English translation is required)
- Proof of your english language proficiency
(Note: Results from IELTS & TOEFL tests must be sent to the University directly from the IELTS or TOEFL testing centres quoting the UOWD institution code IELTS: AE109 / TOEFL: 7907)
- Your current resume or CV
- A copy of your UAE ID card (if applying from within the UAE)
- A copy of your passport (and Residence Visa, if resident in the UAE).
Additionally, if you are seeking advance standing in your chosen program:
- Certified copies of official academic transcripts showing all courses studied and grades obtained, syllabus details (including information on course content) of the courses you successfully completed and an explanation of the grading system.
Applications are required to obtain attestation / equivalency of their bachelor’s degree from the UAE Ministry of Education. The attestation / equivalency process is dependent upon whether you completed your bachelor’s degree within the UAE or outside the UAE.
If the bachelor’s degree was completed outside UAE, you must have your bachelor’s degree and transcripts/mark sheets certified by:
- The issuing University and/or recognised authority for tertiary education in the host country in which you completed your education
- The Ministry of Foreign Affairs in the host country
- The UAE Embassy in that host country OR the Embassy of the host country in UAE must attest the authenticity of the documents and attestations.
Additionally, the UAE Ministry of Education must issue an Equivalency Certificate. Applicants must have a valid UAE residency visa when applying for an Equivalency Certificate. In special cases where complying with conditions (2) and (3) are not feasible, the certificates may be verified against originals by Embassies in the UAE and the UAE Ministry of Foreign Affairs.
If you are unable to secure the Equivalency Certificate(s) as outlined above will be asked to sign a “Consent to Provide Documents” form agreeing to secure the equivalency. You will be permitted to commence your studies at UOWD, but will be given a maximum of one semester to obtain the equivalency certificate(s). UOWD reserves the right to take appropriate action against any applicant who cannot secure the appropriate documentation in this time, which may result in the termination of the student’s enrolment at UOWD.
For more information or assistance on attesting documents from outside UAE, click here.
Program Structure
The requirement to graduate from a single specialisation MAF program is twelve (12) subjects. To complete this program, it will normally take you five or six trimester (based on 3 mandatory intake per year where you take 2 subjects). At this rate, the degree can be completed within two years or less. If you take 2 subjects per mandatory trimester, you can fast-track your degree and complete the program in four or five semesters (just over a year).
Common Finance Subjects
Specialisation Subjects
Research Capstone Project
Note: All students commencing in Autumn 2023 onwards would be required to complete a Research capstone of 12 credit points
In addition, you will choose any one elective from the approved list below:
Recommended elective to be completed by students pursuing CFA accreditation
Program Outcomes
- Prestigious and Accredited Degree:
Upon completion of the program, all students will get a Master’s degree from University of Wollongong Australia, a university in the top 1% of the world universities, accord to QS World University rankings. This degree is fully accredited in the UAE by Commission for Academic Accreditation (CAA) and Knowledge and Human Development Authority (KHDA).
- Skills You'll Learn to Support Your Career Goals:
The completion of the program will provide students with practical, hands-on, and job-ready skills essential for success in the financial services industry. Some of the key skills acquired through this program include financial analysis where Graduates gain expertise in analyzing financial statements, assessing financial performance, and making informed decisions based on financial data. They also learn to identify, assess, and manage financial risks using various techniques and tools to ensure stability and compliance with regulations. Understanding the intricacies of banking operations, including lending, credit evaluation, and regulatory compliance, is a common component of this program.
Also learn Insurance and Wealth management skills besides data analytics. Given the heavily regulated nature of the financial services industry, students will learn about various financial regulations and compliance protocols. Our program emphasize ethical considerations and the importance of maintaining high professional standards in financial services careers with technology integration.
These skills collectively prepare graduates for a variety of roles within the financial services industry, including positions in banking, investment banking, insurance, financial planning, and more.
- Doctoral Study Opportunities:
Should students wish to pursue further research after completing this Master’s degree, UOW Dubai offers a PhD program under the Faculty of Business.
- Global Career Opportunities:
Chief Financial Officer, Chief Executive Officer, Finance Business Partner, Financial Service and Insurance Managers, Equity Trader, Compliance Officer, Corporate Investment Banker, Corporate Treasurer, Financial Advisor/Consultant, Financial Risk Analyst, Financial Trader, Credit Analyst, Business Analyst, Foreign Exchange Trader, Loan Officer, Bank Liability Manager, Financial Manager, Asset Manager, Financial Risk Manager, Financial Service Representatives
- With the global nature of this degree, you will be equipped to work in any industry in private, semi private or government sector in any region of the world.
Accreditation and Recognition
All degrees at the University of Wollongong in Dubai are accredited by the Commission for Academic Accreditation (CAA) of the UAE Ministry of Education and are licensed by the Knowledge and Human Development Authority (KHDA). In addition, the degree is quality assured by UOW, which is registered with the Tertiary Education Quality and Standards Agency (TEQSA), the national regulator of the higher education sector in Australia.
Also, all business degrees of the University of Wollongong are accredited by The Association to Advance Collegiate Schools of Business (AACSB).
Students will be issued a UOW Australia degree upon graduation.
Professional Accreditation
Association to Advance Collegiate Schools of Business (AACSB)
The Association to Advance Collegiate Schools of Business (AACSB) provides an international seal of approval for business programs that ensures the educational needs of students are met through high quality, continuous improvement and excellence in education. This globally recognised accreditation has been awarded to only the top five percent of the world’s business schools.
Dr Haroon Khan
Associate Professor
(Discipline Leader - Accounting and Finance)
Dr Haroon Khan is an associate Professor and the Finance Program Director in the University of Wollongong in Dubai.
He received his PhD in 2011 from IAE, Graduate School of Management, Aix-en-Provence, & ESSEC, Paris, France, with specialisation in Strategic and Entrepreneurial Finance.
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