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Postgraduate Programmes
Home > Programmes > Postgraduate Programmes

Postgraduate Programmes

The Department of Finance and Tax offers a range of undergraduate programmes and postgraduate programmes. 

Programmes in Finance

Programmes in Taxation

  • Coursework Masters Finance Programmes:

    The following coursework masters programmes are offered:

    Part-time 

    1. Master of Commerce specialising in Finance in the field of Financial Management (CMO31FTX02)
    2. Master of Commerce specialising in Finance in the field of Corporate Finance and Valuations (CMO31FTX14)
    3. Master of Commerce specialising in Finance in the field of Applied Finance (CMO40FTX15)

      Full-time

    4. Master of Commerce specialising in Finance in the field of Investment Management (CMO31FTX07)

     

    Research-only Programmes:

    Our programmes by research only are as follows:

    1. Master of Commerce (CM010FTX05)
    2. Doctor of Philosophy CD001FTX05)
  • About the programmes:

    Key contacts:

    • Head of postgraduate finance studies:  Associate Professor Chun-Sung Huang            E-mail
    • Finance postgraduate administrator:  Ms Christine Olsen                                               E-mail

    The following are course convenors for the courses that in various combinations make up the four finance postgraduate programmes:

    • FTX5000W – Associate Professor Chun-Sung Huang   E-mail
    • FTX5003W – Associate Professor Chun-Sung Huang   E-mail
    • FTX5028W – Associate Professor Phillip de Jager        E-mail
    • FTX5029W – Associate Professor Chun-Sung Huang   E-mail
    • FTX5042W – Mr Darron West                                        E-mail
    • FTX5043F – Associate Professor Glen Holman             E-mail
    • FTX5044H – Professor Paul van Rensburg                    E-mail
    • FTX5045W – Associate Professor Glen Holman            E-mail 
    • FTX5046W – Associate Professor Francois Toerien      E-mail
    • FTX5047W – Associate Professor Chun-Sung Huang   E-mail

     

  • Do I qualify?

    Applicants to the finance masters programmes must meet the basic entrance requirements, which are as follows:

    An NQF level 8 qualification, such as an honours degree in finance or a postgraduate diploma in accounting. Usually, the Level 8 qualification should be in cognate discipline to finance, although for the part-time courses applicable experience (see below) may make this less of an absolute requirement.

    In addition, for the part-time masters programmes only, candidates should have at least two years’ relevant work experience, the nature, level and relevance of which are also considered in the application.  Note that no experience requirement applies to the Master of Commerce specialising in Finance in the field of Investment Management, where the sole criteria for selection are possession of a level 8 qualification and the strength of the applicant’s academic record.

    All candidates are required to submit their latest curriculum vitae, full academic transcript and a letter of motivation with their online application (see below).  Applicants wishing to apply for a research-only masters or PhD are in addition required to submit a research proposal of around 10-15 pages.

    Candidates may be required to present themselves for an interview.

    In exceptional cases, where candidates do not possess a level 8 qualification (honours degree or equivalent), but have extensive and substantial workplace experience in the finance field, applications to the part-time programmes may be possible.  This is very rare, and requires the submission of a strong portfolio of evidence of their experience, which will then be subjected to a rigorous “recognition of prior learning” (RPL) evaluation and assessment, which may not be successful.

  • How much will it cost?

    The provisional course fees are listed on the individual course sites (see links below), but the information may also be found in the Fee Handbook available at: http://www.students.uct.ac.za/students/fees-funding/fees/handbook

  • How do I apply?

    Applications are made through the UCT online postgraduate application process. Click here to be directed straight to the UCT Online Application page.

  • By when must I apply?

    Opening and closing dates appear on the UCT Online Application page and are generally from mid-April until end-October of the year preceding the start of the coursework masters programmes. Applications for research-only masters and PhDs are possible throughout the year.

  • When do the coursework programmes start, and what is its overall duration?

    Registration takes place on the Wednesday of the 3rd week of January each year.  The first course commences on the first Saturday of February and lectures on the last course conclude around mid-to-end November each year.  There is an overlap in some courses from time to time during the year.

  • What courses will I do on each of the non-research only streams?

    Depending on the programme you have chosen, the following are guidelines for each of the courses:

  • CAPITAL MARKETS AND FINANCIAL INSTRUMENTS – FTX5043F (starts beginning Feb, ends late April)

    This course forms part of the first year of the Master of Commerce Finance (Financial Management; Corporate Finance and Valuations; and Investment Management) programmes. The course is part-time but intensive. Lectures are usually on Tuesday evenings and Saturday mornings with Tutorials on Thursday evenings.  The focus of the course is on applied finance and capital markets. Topics include Capital Markets, Futures, Options, Fixed Income Securities, Currencies, Duration, Forwards, Hedge Funds, Interest Rate Swaps, and International Finance.

  • CORPORATE FINANCE AND VALUATIONS – FTX5042W (starts early May, ends mid-November)

    This course forms part of the first year of the Master of Commerce Finance (Financial Management; Corporate Finance and Valuations, and Applied Finance) programmes. The course is part-time but intensive. Lectures are usually two (sometimes three) evenings a week and Saturday mornings.  Occasionally, sessions will be consolidated into whole-day workshops/seminars.  The focus of the course is on corporate finance and valuations. Instruction is by way of lectures and seminars, as well as applied case studies.  Students are expected to be well prepared for classes.  Topics include accounting and financial analysis, DCF valuations and their components, financial modelling, cost of capital, behavioural finance and other related topics.  Content varies somewhat from year to year at the discretion of the lecturers.

  • TOPICS IN FINANCIAL MANAGEMENT – FTX5028W (starts mid-February, ends late July)

    This course forms part of the Master of Commerce Finance (Corporate Finance and Valuations; Investment Management and Applied Finance) programmes. The course is part-time but intensive. Lectures are usually on Monday and Wednesday evening and a few Saturday mornings.  The focus of the course is on financial management. Topics include Risk Management, Competition Policy, Basel Capital Accords, Market risk, Credit risk, Capital asset pricing model, Barra models, Long/Short term investing, Equities, Brexit and Case studies.

  • EMPIRICAL FINANCE – FTX5044H (starts early May, ends mid-November, with a course overview in February)

    Empirical Finance (FTX5044H) is a compulsory course for the Master of Commerce Finance, specialising in Investment Management (CM031FTX07) and students are expected to be available on a full-time basis. The course’s primary aim is to develop the student’s ability to interpret and conduct empirical research in the field of investments. 

    This entails lectures on research methodology, practical econometrics and applied lab sessions using statistical software. This will serve to complement and lay a foundation for the dissertation to be conducted as a 50% portion of the ‘half thesis’ Masters in Investment Management Programme. Thesis supervision on certain topics is offered to students who both do this course and are registered for the Masters in Investment Management degree. A list of topics available for supervision is usually presented to students in a lecture prior to the course starting or in the first lecture of the course. Unlike the part-time courses, the dissertation is started in the first year of studies

    Lectures and interactive discussions are also presented on a number of key topics in investments.  Sub-modules on Bonds and Derivatives are presented.

DISSERTATIONS  

  • FTX5000W – 180 Credit Masters in Finance by Dissertation only

    The dissertation length will be a maximum of 40,000 words excluding appendices and bibliography.  A candidate for the degree shall register for at least one academic year.  A candidate shall undertake an approved research dissertation under the guidance of a supervisor.  The approval process shall include a presentation of the research proposal within six months of registration, to a Departmental panel.  Continued registration is dependent on the outcome of this presentation.  When the student has determined a topic, a supervisor will be appointed, and a memorandum of understanding will be agreed upon in order to manage expectations and completion dates.

  • FTX5003W – 90 Credit Minor Dissertation in Finance

    The dissertation length will be a maximum of 25,000 words excluding appendices and bibliography.  A candidate may be required to attend a research method course during which their dissertation proposal will be developed.  A candidate’s dissertation proposal will require the course convener and supervisor’s approval.  When the student has determined a topic, a supervisor will be appointed, and a memorandum of understanding will be agreed upon in order to manage expectations and completion dates.  A candidate will not be permitted to submit the dissertation if they have not completed the coursework component.  Assessment of the dissertation will be in terms of Rule FM10.2 of the Rules for the Degree of Master by Coursework and Dissertation.  The dissertation will be required to be of a publishable standard.

  • FTX5029W – 60 Credit Mini Dissertation in Financial Management

    The dissertation length will be a maximum of 15,000 words excluding appendices and bibliography.  This is the research component for the degree Master of Commerce Finance specialising in the field of Financial Management (CM031FTX02), or Corporate Finance and Valuations (CM031FTX14), and is a paper written in journal format of approximately 15,000 words.  When the student has determined a topic, a supervisor will be appointed, and a memorandum of understanding will be agreed upon in order to manage expectations and completion dates

  • FTX5045W – 15 Credit   Capital Markets and Financial Instruments Research Report

    The final output of this course is a research report of approximately 5,000 words in length.  This is one of three applied research components for the degree.  The intended outcome of this course is to build and develop the research and problem-solving skills of participats within the context of capital markets and financial instruments.  It should show the skill set necessary to undertake applied research, and demonstrate the ability to collect, organise and analyse material to communicate effectively.  Students are expected to research a practical applied problem in the above fields.  The candidate must demonstrate a capacity for applied research, the ability to communicate their results coherently and accurately, and must be of creditable literary quality.  When the student has determined a topic, a supervisor will be appointed, and a memorandum of understanding will be agreed upon in order to manage expectations and completion dates. 

  • FTX5046W – 30 Credit Corporate Finance & Valuations Research Report

    The final output of this course is a research report, of approximately I0,000 words in length.  This is one of three applied research components for the degree. The intended outcome of this course is to build and develop the research and problem­ solving skills of participants within the context of corporate finance and valuation. It should show the skill set necessary to undertake applied research and demonstrate the ability to collect, organise and analyse material and to communicate effectively. Students are expected to research a practical applied problem in the above field. The candidate must demonstrate a capacity for applied research, the ability to communicate their results coherently and accurately, and of creditable literary quality. The work should be equivalent to a Corporate Finance solution, or a business valuation exercise. When the student has determined a topic, a supervisor will be appointed, and a memorandum of understanding will be agreed upon in order to manage expectations and completion dates. 

  • FTX5047W – 15 Credit Topics in Financial Management Research Report

    The final output of this course is a research report of approximately 5,000 words in length.  This is one of three applied research components for the degree.  The purpose of this course is to build and develop the research and problem-solving skills of participants within the context of financial management topics.  The research should be well conceived and acknowledge earlier research in the field.  It should show the skill set necessary to undertake informed investigation, and demonstrate the ability to collect, organise and analyse material to capacity for research, the ability to communicate their results coherently and accurately, and of creditable literary quality.  When the student has determined a topic, a supervisor will be appointed, and a memorandum of understanding will be agreed upon in order to manage expectations and completion dates. 

  • How am I assessed (coursework masters programmes only)?

    A sub-minimum of 50% is required for the dissertation and students are required to achieve an overall mark for the aggregated programme of at least 50% or higher for all components of each course. 

  • Can I receive a distinction?

    The degree may be awarded with distinction if a student has an overall average of at least 75% with a sub-minimum of at least 70% for both the coursework and dissertation.

  • What happens if I fail a course?

    Courses may not be repeated.  No supplementary examinations are permitted.

Disclaimer

Any conflict between information on this site and the Faculty Handbook, Fees Booklet or official correspondence from UCT will result in such handbook/s or correspondence taking precedence.

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