MSc Finance | Master of Science in Finance | Masters Degree
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Master of Science in Finance (MSF)

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Key Fact
  • Program name
    Master of Science in Finance (MSF)
  • Program code
    MSF
  • Dept. chair
    Dr. Tahar Tayachi
  • Program length
    2 Years
  • Credit hours
    54

 About the Program

One of the priorities of the Ministry of Higher Education in Saudi Arabia is to develop highly skilled and qualified Saudi manpower and human capital that can support the expected economic growth and increase productivity. In this regard, the National Qualifications Framework was established in order to guide the higher education institutions in developing suitable programs and in equipping their graduates with the appropriate skills.

In alignment with this national strategy, Effat University (EU), through its various undergraduate and graduate programs, is aiming to produce world class graduates and highly qualified professionals in their fields. Given the importance of the financial sector for Saudi Arabia economy, and its contribution in creating job opportunities, EU has decided to launch a Master of Science in Finance (MSF). This program will contribute to effectively qualify and prepare the female students to become professionals and top national and international leaders in this growing sector.

When joining this program the students will be offered three options. They can chose to graduate with a general master in finance or follow one of the two tracks offered in the program: Islamic Finance and Entrepreneurial Finance & Strategy. Islamic finance track will allow students to build knowledge and to apply techniques in different areas of Islamic finance and banking. Entrepreneurial Finance & Strategy track will allow students to be worldwide recognized as having a finance background with an additional knowledge in entrepreneurial strategy and business innovation.

The Master of Science in Finance (MSc) is designed in order to equip students with a solid understanding of financial theory and research methodology and to prepare graduates for successful careers in analysis and consultancy in the private and the public sectors. Additionally, the program provides an excellent preparation for students planning to pursue Doctoral studies by enhancing their research and analytical skills.

 

Program Opjectives:

  1. Gain a unique national positioning of the program.        
  2. Sustain the program's academic excellence by adhering to the national and international accreditation quality standards.
  3. Stimulate and support the program's research activities
  4. Maintain and strengthen valuable relationships with graduates, employers and the community in general.
  5. Build and maintain valuable partnerships with international academic institutions

 Concentrations

Students can choose to graduate with a general master of science in finance or follow one of the two concentrations offered in the program:

  1. Islamic Finance (IF) Concentration:

  2. Islamic finance concentration will allow students to build knowledge and to apply techniques in different areas of Islamic finance and banking.
  3. Entrepreneurial Finance & Strategy (ES) Concentration: 

  4. The Entrepreneurial Finance & Strategy concentration aims to provide graduates with a unique profile combining expertise in different conventional finance areas and enhanced by managerial, entrepreneurial strategy and business innovation, consultancy and corporate strategy skills.

 Career Opportunities

The Master of Science in Finance will produce outstanding graduates who will be able to efficiently work as:


Middle and top managers in banks with conventional and Islamic banking
Financial Manager multinational companies
Financial Analyst
Portfolio Manager
Risk Management Specialist
Investment Banker
Financial Planner
Broker
Risk Consultant
Real Estate Financier
Regulator in the central banks of countries with Islamic Finance
Corporate Strategist
Islamic Finance Entrepreneur
Incubator Manager

 Learning Outcomes

Knowledge

  • Demonstrate a comprehensive knowledge of the conceptual framework and the contemporary issues in the field of finance (Itqan)

Cognitive Skills

  • Apply quantitative and analytical skills needed for effective financial management and decision making (Itqan)
  • Solve problems and make financial decisions within a risk-return framework (Itqan)
  • Analyze various financial management issues through the application of critical thinking and reasoning skills (Itqan)

Interpersonal Skills and Responsibility

  • Utilize data, software, and information technologies in problem solving and effective decision making (Itqan)
  • Identify the ethical and legal responsibilities applicable in the field of finance (Ihsan)

Communication, IT, and Numerical skills

  • Conceptualize financial management issues into coherent written statements and oral presentations and research (Ambassador)
  • Demonstrate high communication skills to interact, cooperate, and lead in a global context (Stewardship)

 Graduation Requirements

  • 33 credit hours of Core Courses
  • 12 credit hours of Technical Electives
  • 5 credit hours of Professional Thesis

In addition, you must also fulfil the following requirements

  • An overall grade point average GPA of 3 out of 4.00 or higher for the MIFM program
  • No grades lower than 2.00 out of 4.00 for any MIFM course
  • A grade of 2.00 out of 4.00 or higher for the professional thesis​

 Program Plan (Master of Science in Finance)

Course Code

Course Title

Credit Hours

Pre-requisite

MFCF 510

Fundamentals of Conventional Markets

3-0-3

None

MFCF 511

Analysis & Management of Conventional Derivatives

3-0-3

None

MFCF 512

Corporate Finance

3-0-3

MFCF 510

MFCF 513

Fixed Income

3-0-3

MFCF 510

MFCF 514

Merger & Acquisitions and Investment Banking

3-0-3

MFCF 510

MFCF 515

Corporate Valuation

3-0-3

MFCF 512

MFEC 550

Financial Econometrics

3-0-3

None

MFAC 540

Financial Reporting and Analysis

3-0-3

None

Total

24


Technical Electives: Select a total of 07 courses (21 credit hours) from the two panels

Technical Elective Courses 1: Any Two of these

Course Code

Course Title

Credits Hours

Pre-requisite

MFIF 521

Fundamentals of Islamic Finance: Markets & Instruments

3-0-3

None

MFIF 522

Islamic Economics, Business & Finance

3-0-3

MFIF 521

MFIF 524

Islamic Quasi Fixed Income Financial Instruments: Sukuk

3-0-3

MFIF 521

MFIF 525

Hedging Techniques in Islamic Finance

3-0-3

MFIF 521

Total

06 only

Technical Elective Courses 2: Any Five of these

Course Code

Course Title

Credits Hours

Pre-requisite

MFCF 516

Financial Decision Making & Computational Finance

3-0-3

MFCF 510

MFCF 517

Asset Management

3-0-3

MFCF 510

MFCF 518

International Finance

3-0-3

MFCF 510

MFCF 519

Investments & Alternative Investments

3-0-3

MFCF 510

MFCF 520

Real Estate Finance

3-0-3

MFCF 510

MFCF 521

Risk management

3-0-3

MFCF 510

MFBM 573

Private Equity and Venture Capital

3-0-3

MFCF 510

Total

15 only

Total Technical Electives

21 credit hours

Thesis

Course Code

Course Title

Credits Hours

Pre-requisite

MFRS 590

Research Proposal

3-0-3

None

MFRS 591

Thesis

6-0-6

MFRS 590

Total

9

Total Credit Hours of the Degree

54

Free Tracks (Students have to take 07 courses from the following)
Financial Decision Making & Computational Finance
Asset Management
International Finance
Investments & Alternative Investments
Real Estate Finance
Risk management
Private Equity and Venture Capital
Fundamentals of Islamic Finance: Markets & Instruments
Islamic Economics, Business & Finance
Islamic Quasi Fixed Income Financial Instruments: Sukuk
Hedging Techniques in Islamic Finance​

 Program Plan (Concentration in Islamic Finance)

Course Code

Course Title

Credit Hours

Pre-requisite

MFCF 510

Fundamentals of Conventional Markets

3-0-3

None

MFCF 511

Analysis & Management of Conventional Derivatives

3-0-3

None

MFCF 512

Corporate Finance

3-0-3

MFCF 510

MFCF 513

Fixed Income

3-0-3

MFCF 510

MFCF 514

Merger & Acquisitions and Investment Banking

3-0-3

MFCF 510

MFCF 515

Corporate Valuation

3-0-3

MFCF 512

MFEC 550

Financial Econometrics

3-0-3

None

MFAC 540

Financial Reporting and Analysis

3-0-3

None

Total

24

Technical Elective Courses (Any Seven)

Course Code

Course Title

Credits Hours

Pre-requisite

MFIF 521

Fundamentals of Islamic Finance : Markets & Instruments

3-0-3

None

MFIF 522

Islamic Economics, Business & Finance

3-0-3

None

MFIF 523

Islamic Financial Instruments Management : Cash Flow Analysis

3-0-3

MFIF 521

MFIF 524

Islamic Quasi Fixed Income Financial Instruments: Sukuk

3-0-3

MFIF 521

MFIF 525

Hedging Techniques in Islamic Finance

3-0-3

MFIF 521

MFIF 526

Islamic Asset Allocation

3-0-3

MFIF 521

MFIF 527

Portfolio of Islamic Financial Instruments

3-0-3

MFIF 521

MFIL 560

Islamic Law of Financial Contracts

3-0-3

MFIF 521

MFAC 541

Islamic Accounting and Reporting

3-0-3

MFIF 521

MFET 581

Entrepreneurial Finance

3-0-3

None

MFCF 520

Real Estate Finance

3-0-3

MFCF 510

Total

21 only

Thesis

Course Code

Course Title

Credits Hours

Pre-requisite

MFRS 590

Research Proposal

3-0-3

None

MFRS 591

Thesis

6-0-6

MFRS 590

Total

9

Total Credit Hours of the Degree

54

Free Tracks (Students have to take 07 courses from the following)
Fundamentals of Islamic Finance : Markets & Instruments
Islamic Economics, Business & Finance
Islamic Financial Instruments Management : Cash Flow Analysis
Islamic Quasi Fixed Income Financial Instruments: Sukuk
Hedging Techniques in Islamic Finance
Islamic Asset Allocation
Portfolio of Islamic Financial Instruments
Islamic Law of Financial Contracts
Islamic Accounting and Reporting
Entrepreneurial Finance
Real Estate Finance​

 Program Plan (Concentration in Entrepreneurial Finance & Strategy)

Course Code

Course Title

Credit Hours

Pre-requisite

MFCF 510

Fundamentals of Conventional Markets

3-0-3

None

MFCF 511

Analysis & Management of Conventional Derivatives

3-0-3

None

MFCF 512

Corporate Finance

3-0-3

MFCF 510

MFCF 513

Fixed Income

3-0-3

MFCF 510

MFCF 514

Merger & Acquisitions and Investment Banking   

3-0-3

MFCF 510

MFCF 515

Corporate Valuation

3-0-3

MFCF 512

MFEC 550

Financial Econometrics

3-0-3

None

MFAC 540

Financial Reporting and Analysis

3-0-3

None

Total

24

Technical Elective Courses (Any Seven)

Course Code

Course Title

Credits Hours

Pre-requisite

MFET 580

Entrepreneurship and Business Planning

3-0-3

None

MFET 581

Entrepreneurial Finance

3-0-3

None

MFCF 520

Real Estate Finance

3-0-3

MFCF 510

MFBM 570

Business Process Management and Modelling

3-0-3

None

MFBM 571

Project Management and Financing Strategies for Green Business

3-0-3

None

MFCS 531

Structured and Project Finance

3-0-3

None

MFBM 572

Entrepreneurial Strategy

3-0-3

None

MFBM 573

Private Equity and Venture Capital

3-0-3

None

Total

21 only

Thesis

Course Code

Course Title

Credits Hours

Pre-requisite

MFRS 590

Research Proposal

3-0-3

None

MFRS 591

Thesis

6-0-6

MFRS 590

Total

9

Total Credit Hours of the Degree

54

Free Tracks (Students have to take 07 courses from the following)
Entrepreneurship and Business Planning
Entrepreneurial Finance
Real Estate Finance
Business Process Management and Modelling
Project Management and Financing Strategies for Green Business
Structured and Project Finance
Entrepreneurial Strategy
Private Equity and Venture Capital

 Fact Sheet

Student Enrollment for Master of Science in Finance​ ​

Student Enrollment for MIFM​ ​

Number of International Students for Master of Science in Finance​ ​

Admissions
Bachelor GPA
Cum GPA
2.75/4 or 3.75/5
Major GPA
2.75/4 or 3.75/5
Rank
Very Good
Required Tests
Test
GMAT and STEP
Cut-Score
600
Effat Placement Tests
*TOEFL+ *TWE
550
**IELTS
6.0
Definitions & Conversion Charts
Definitions
 
Conversion Charts
 
Additional Department Requirement
Interview
Required
Recommendation Letter
2
Personal Statement
Required
CV
Required
Contact Information
Dept. Chair
Tel.+966 122137832
Assistants
Tel.+966 122137811 

Effat faculty

Effat Alumnae

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