Master of Science in Finance University of Nairobi, admission requirements, fee structure, is it marketable


Master of Finance is one of the most marketable courses in Kenya. The course can be applied in the banking industry, insurance, audit, research firms, private and government institutions. Accountants and Financial analysts are among the professionals who are encouraged to apply for this course. Statisticians, actuaries and economists also pursue the program.

Structure of the program

The program consists of twelve (12) taught course units that constitute Part 1 while a project Part II. The minimum duration for the program shall be four (4) semesters, while the maximum duration shall be ten (10) semesters, and will involve coursework, examinations and the research project. A candidate shall be allowed to take a maximum of six (6) course units and a minimum of two (2) course units per semester.

Each course unit shall be taught for forty five (45) contact hours. There will be eight (8) core course units which shall be taken by all candidates.

In addition to the core course units, candidates will be required to take three (3) specialization  course units in a chosen thematic area, and one (1) elective course unit. Specialization course units allow a student to concentrate in their chosen thematic area, while elective course units provide options for additional knowledge in other areas of interest, not necessarily in their chosen thematic area.

Electives may be chosen from the list of elective course units in any area of study, or from specialization course units from a different thematic area, that would now count as electives.

Course units can only be taken after the necessary prerequisites have been successfully completed.

After completing Part I (all the taught course units – 8 core course units, 3 specialization course units, and 1 elective course unit), candidates will carry out research and produce a project (Part II). Part II shall commence in the semester immediately succeeding successful completion of Part I. Once the project is started it must be completed within the semester, or duration of six course units, with the maximum duration equivalent to the minimum load of two course units per semester.

Admission Requirements

The common regulations for the masters’ degree in the University of Nairobi shall be applicable.

The following shall be admissible:

  1. a)A holder of at least an upper second class degree in Finance, Accounting, Banking, Insurance, Economics, Mathematics, Statistics and Engineering.

        b)A holder of lower second class degree in Finance, Accounting, Banking, Insurance, Economics, Mathematics, Statistics and Engineering with at least two years of work experience.

Fee Structure

TUITION                  31,500.00  
EXAMINATION (PER UNIT @1000)                    1,000.00  
MEDICAL FEE (PER YEAR)                    6,500.00  
ICT SERVICES – (PER YEAR)                    7,000.00  
LIBRARY (PER YEAR)                     5,000.00  
CAUTION – (ONCE)                    5,000.00  
ACTIVITY-( PER YEAR)                    2,000.00  
REGISTRATION (PER SEMESTER@2250)                    2,250.00  
ID CARD ( PER YEAR)                    1,000.00  
STUDENT ORGANISATION(PER YEAR)                    1,000.00  
THESIS EXAMINATION                  30,000.00  
Sem1  2 units                    94,750.00
   3 units                  127,250.00
   4 units                  159,750.00
   5 units                  192,250.00
   6 units                  224,750.00
Sems 2,3,5,6,8or9  2 units                    67,250.00
   3 units                    99,750.00
   4 units                  132,250.00
   5 units                  164,750.00
   6 units                  197,250.00
Sems 4,7 or 10  1 unit                    57,250.00
   2 units                    89,750.00
   3 units                  122,250.00
   4 units                  154,750.00
   5 units                  187,250.00
   6 units                  219,750.00
   if project registered in Sem 4-project fee                  180,750.00
   if project registered in Sem 5-project fee                  158,250.00
Sem1                            4.00                  159,750.00
Sem2                            4.00                  132,250.00
Sem3                            4.00                  132,250.00
Sem4  project                  180,750.00
Totals        605,000.00

Bank:  ABSA bank

Account name:  UON Application Account

Account Number:  2032771362

Bank branch: ABSA PLAZA


Bank: Kenya Commercial Bank (KCB) branch

Account Name: University of Nairobi

Account number: 11774757075

*Quote the application reference number as sent to your mobile phone