Master of Business Administration – Finance

7th August 2018
1.5 Years on PT/DE


This Programme Brief summarises the contents of the Master of Business Administration (MBA) – Finance degree programme and is accordingly structured as follows. The programme rationale, aim, objectives and target group are outlined in Sub-sections 1.1 to 1.4 respectively, while the admission criteria and duration of study given in Section 2.0. Section 3.0 outlines the structure of the programme.



 The past several decades have witnessed significant growth in the demands on, and expectations of, finance professionals – particularly as they have become key in helping their organisations in the private sector navigate an increasingly complex business world. Developing finance professionalism extends to government and public sector organizations, where there is a need for enhanced finance leadership and public financial management to improve the quality of public service accountability and outcomes. The transparency, financial stability, and performance of governments and public sector organizations are closely linked with the quality and professionalisation of persons in executive positions.


The contribution of experts in finance, accounting, investment and management is extremely essential to the attainment of Zambia’s “prosperous and middle-income status” by the year 2030 as articulated in the Vision 2030. Therefore, the field also contributes to economic growth and development through the private and public sectors. To successfully make a significant contribution towards the effective and efficient operation of the private and public sectors, leaders, managers and employees require increasingly advanced specialized knowledge and technical skills in areas such as financial reporting and analysis, taxation, treasury, credit analysis, managerial economics, research and many more finance related fields. Therefore, in order to meaningfully contribute towards the much-needed capacity building and continuous professional development in the field of finance, this programme has been developed. This programme is timely, relevant, appropriate, necessary and sufficient in developing sustainable key competences for professionals working and those intending to work in accounting, finance and investment and related fields in either the private sector or public sector. It is also a useful programme for professionals or entrepreneurs who wish to just hone the knowledge in these fields.

1.2 AIM

The aim of this programme is to hone students’ financial theory, knowledge, framework, and competences that are indispensible in undertaking challenging and uncertain financial tasks in both the private and public sectors as well as at local and global level.



By the end of the programme, candidates should be able to:

  • demonstrate a thorough grounding in the fundamental theories, concepts, principles and practices of management with a focus on finance;
  • demonstrate the critical abilities of analysis, interpretation, evaluation and judgement as applied to management theory, taking into consideration the different cultural and global needs of the business environment;
  • evaluate the financial and business performance of organisations, including group companies;
  • evaluate and recommend strategies for addressing organisational challenges in finance related issues; and
  • undertake empirical research to help in solving organisational challenges in finance.



The MBA – Finance degree programme is designed to meet the growing demand for well-rounded business practitioners from all fields of specialization. It is intended for the following groups of people:

  1. university graduates in finance related fields who wish to enhance their business management competences with a focus in finance;
  2. holders of professional qualifications such as CIMA, ACCA, ZIM, ZICA, CIM, CILTS, CFA and CIPS, who wish to enhance their business management competences; and
  3. any eligible person who wishes to enhance their business management competences with a focus in finance.




To qualify for admission to the MBA – Finance degree programme an applicant must have any of the following qualifications:

  • a degree from a recognised institution; or
  • professional qualifications such as CIMA, ACCA, ZICA and CFA; and
  • at least two years post qualification experience in a managerial or professional capacity.


The course of study for the award of the MBA – Finance degree shall be completed in a period of not less than 18 months and not more than three years.



Each year of study will be divided into two semesters.  The courses are structured in such a way that semester one courses are not a pre-requisite of semester two courses in each academic year.  The course structure is as shown in Tables 1 and 2 below.


Table 1 Year 1 Courses

Semester 1 Semester 2
Course Code Course Title Course Code Course Title
MBF111 Research Methods (15 credits) MBF112 Credit Analysis (15 credits)
MBF121 Financial Reporting &  Analysis (15 credits) MBF122 Corporate Governance & Business Ethics (15 credits)
MBF131 Management Theory (30 credits) MBF132 Corporate Finance (30 credits)


Table 2 Year 2 courses

Semester 1
Course code Course title
MBF211 Operations & Supply Chain Management
MBF271 Dissertation
One elective from:
MBF221 International Business Finance
MBF231 Financial Risk Management
MBF241 Project Management
MBF251 Real Estate Finance & Investment Analysis
MBF261 Public Finance

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