M.Sc Finance

More About this Program

Vision

We seek to be a world-class citadel of knowledge in the area of finance, providing cutting-edge finance education and ground-breaking research that transforms individuals, organizations, business practice, and society to contemporary business and finance environment.

Mission

Providing conducive environment for teaching and learning for imparting skills, knowledge, behavior and attitude; advance and protect the independence of the academic enterprise; engender a sense of selfless public service and promote sound academic excellent minds; educating and inculcating values of integrity and accountability to our students through teaching, research and community service.

Philosophy

The philosophy of Master of Science in Finance Program is to provide an opportunity for graduates who are interested in taking higher degrees in Finance. The M.Sc. students will have the opportunity to develop their intellect through theory, practice and the integration of faith-based, values and learning in Finance with current trends in Scholarship. Thus, the intention is to produce for the Nigerian and the World at large, a reliable economy and financial base characterized diligence man-power that is evidenced by enquiry, independence and integrity. Such men and women will contribute significantly to modelling, reforming and transforming both the Nigerian and the World Financial System.

Objectives

- To train professional and academia financial experts.

- To develop manpower for financial policy formulation and implementation.

- To explain financial theories and models through empiricism and application.

- To integrate faith into the learning and practice of financial matters and practices.

- To produce graduates who will adopt faith-based research processes from a Christian perspective.

Master of Science in Finance (M.Sc.) Areas of Specialization:

1. Corporate Sector Finance (CSF)

2. International Finance (IF)

Master of Science in Finance (M.Sc.) Course Requirement

*Course Code*	*Course Title*	*Semester*
		YEAR 1		YEAR 2
		1ST	2ND	1ST
	GENERAL EDUCATION REQUIREMENT
GEDS 801	Religion, Faith and Morality	2
GEDS 802	Statistics		2

	CORE COURSES
FNCE 821	Financial Management and Policy	3
FNCE 822	Security and Portfolio Analysis		3
BSAD 800	Christian Business Ethics	3
FNCE 824	Financial Analysis and Reporting		3
FNCE 855	Computer Application in Finance	3
FNCE 832	Advanced Macroeconomic Theory		3
FNCE 889	Research Methods in Finance	3
FNCE 828	Quantitative Analysis in Finance		3
FNCE 887	Seminar in Finance			3
FNCE 890	Dissertation			6
	Elective Course Emphasis Courses	6	3 3
	TOTAL CREDITS (49) CORPORATE FINANCE EMPHASIS	20	20	9
FNCE 851	Corporate Finance	(3)
FNCE 836	Theory of Financial Intermediation		(3)
FNCE 853	Financial Regulation and Supervision	(3)


	INTERNATIONAL FINANCE EMPHASIS
FNCE 841	International Business Finance	(3)
FNCE 842	Management of Financial Institutions		(3)
FNCE 845	Global Banking Systems	(3)

	ELECTIVES
FNCE 886	Project & Infrastructure Finance (3)
FNCE 868	Micro-Enterprise Finance (3)

NOTES:
(i) Each student is required to select one (1) elective course in the 2nd semester to make up to the required number of course load for the semesters.
(ii) For effective planning, special requests for any specialized or professional electives course should be done through the Program Coordinator, prior to the date of the expected course offering.

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Admissions Requirements

a) Admission Requirements: Every candidate will be required to satisfy the regulation governing Postgraduate Studies at Babcock University. However, the following are specific: Candidates must have a minimum of Second Class Lower Division in Finance, Economics, Accounting, Business Administration, Marketing, Insurance, Actuary Science or other areas of business or management related course from Babcock University or from any other recognized University. Also, holders of Postgraduate Diploma in Finance, Economics, Accounting, Business Administration, Marketing, Insurance, Actuary Science from Babcock University or any other recognized University may apply.

b) Graduation Requirements: Before graduation, M.Sc. FINANCE candidates must pass a minimum of 43 units of coursework and defend a Dissertation (6 units) in a minimum of 3 semesters. Thus, a minimum of 49 credits (units) is required for the completion of the Program.

Programme Options

There is only one programme option for students enrolling in the program, namely; Dissertation cum Emphasis Option.

(i) Dissertation cum Emphasis (Specialized) Option (TEO):

The Dissertation cum specialized program option affords students a wider exposure to the subjects of finance. The student in this option will satisfactorily complete 49 credits in total. This includes 4 credits GEDS courses, 33 credits core courses requirement (with Dissertation writing), and 12 credits specialized elective courses. Candidates at the completion of the program would be versatile enough and would qualify as both academic and professional in his or her area of specialization.

Condition for Course Offering

There must be at least five registered students for a course to be offered. In case this condition is not met at the end of each registration exercise, concerned students should consult with the Program Coordinator for possible re-alignment, rescheduling or transfer. Any course offered with less than five registered students may be withdrawn and may later be re-offered.

Transfer of Credits Policy

The policies of the College of Postgraduate Studies on transfer of credits from other universities, as published in her PG Academic Bulletin, will be strictly followed.

Program Duration (Tenure)

The Post-Graduate policy on Program tenure for Master Degrees stipulated minimum of three (3) semesters. Nevertheless, that is the minimum for every program as per the NUC requirement. Candidates on the M.Sc. in Finance Degree program are expected to spend between three (3) to five (5) semesters on the program depending on the option and the module of choice. The details per option and module are as follows:

Ø Those on Regular Semester Module with Dissertation cum Emphasis Option (TEO) are to spend minimum of three (3) semesters and maximum of five (5) semesters.

Ø Those on Elongated Semester Module with Dissertation cum Emphasis Option (TEO) are to spend minimum of Four (4) semesters and maximum of six (6) semesters.

The breakdown of the above analysis is shown in the table below:

*S/N*	*MODULE*	*OPTION*	*TOTAL CREDITS*	*SEMESTER MAXIMUM LOAD*
1.	Regular	Dissertation cum Emphasis Option (TEO)	49	20
2.	Elongated	Dissertation cum Emphasis Option (TEO)	49	15

Note, however that graduation is based on satisfactory completion of graduation requirements and not on how many semesters a student has spent on the program. If any student enrols in the program with an approved credit transfers, such candidate is expected to satisfy CPGS Policy on Program duration. Students are advised to refer to academic policy of their respective bulletin.