THE DEPARTMENT OF FINANCE AND FISCAL SCIENCES
Welcome to the Department of Finance and Fiscal Sciences
Welcome to the Department of Finance and Fiscal Sciences. The Department was established as the Department of Finance at the inception of the National University of Science and Technology in 1991 before it was stemistised into the new name in the year 2023.
Aims of the Department
- Education and Research: Provide high-quality industry-oriented education in the three fields of the finance discipline, namely Finance, Financial Engineering and Fiscal Studies.
- Global Participation: Deliberately involve and abreast students with international best practices through global research competition participation such as the CFA Research Challenge Competition and other international networks.
- Financial Literacy: Enhance financial literacy among students and the business communities within our vicinity.
- Industry Collaboration: Foster partnerships with financial institutions and experts as well as liaise with industry through earmarked MOAs.
- Policy Analysis: Research on financial markets and fiscal policies, and regulations to produce policy briefs.
- Ethics and Responsibility: Emphasize ethical behaviour and social responsibility in Finance discipline.
- Entrepreneurship and Innovation: To encourage entrepreneurial thinking and innovation in financial services. This includes exploring new technologies, business models, and financial products.
- Research Risk Management: To educate students about risk assessment, risk mitigation, and financial stability.
Role and Contributions
The Department offers two undergraduate programmes specialising in Finance and Fiscal Studies as well as three postgraduate programmes specialising in Finance and Investment, Financial Engineering and Fiscal Studies. The Department also offers research-based postgraduate programmes at Master of Philosophy and PhD levels focused on any of our three pillars of specialisation. The Department boast of mutual associations with the Zimbabwe Revenue Authority (ZIMRA) and Ba Isago University in Botswana, whose relationships are managed through signed MOAs between NUST and these external partners. This has helped the Department in information exchange and collaborative teaching and learning. Additionally, our programmes have benefited immensely from our external industry partners whose experts are part of the Department Advisory Board membership. The current Board was constituted in 2022 comprising mainly experts in our three areas of specialisation who are hands-on industry practitioners in three countries; Zimbabwe, the USA and Mauritius.
Employment opportunities vary depending on the area of specialisation. Finance graduates normally find their way into financial advisory services, portfolio management, and financial risk management roles, in addition to the generic financial operations and management roles within financial and non-financial organisations; financial engineering graduates mainly go into financial products designing roles to suit particular financing needs or project funding while fiscal studies graduates get into tax advisory services, customs operations and management at country, regional and international levels as well as tax collection and management roles in country and regional tax or customs administration bodies or their agencies as well as running their businesses with a bias towards these fields.
Our Programmes
Undergraduate
ENTRY REQUIREMENTS
Normal Entry
For normal entry, applicants should have passed at least 5 subjects at the Ordinary Level including Mathematics and English; and, have good passes in at least two subjects at 'A' Level from Mathematics, Economics and Accounting, and any other commercial-related subject(s) such as: - Mathematics, Economics, Statistics, Management of Business, Computer Science, Business Studies.
Applicants should have a minimum of a National Diploma in Banking and Finance, Accountancy or recognised equivalent.
Applicants who hold a Higher National Diploma in Accountancy, Banking and Finance, or an equivalent qualification from a recognized institution may be considered for direct entry into Part Two of the degree programme provided necessary courses have been covered after mapping the passed courses with our programme.
Special entry shall be in accordance with the General Regulations.
Mature Entry
Applicants who are at least 25 years old for men and 23 years for women on the day of the academic year and not legible for entry under the normal entry requirements may apply for mature entry provided;
They have passed at least five approved 'O' Level subjects including Mathematics and the English language
Duration of Programme and Delivery
The Programme consisting of coursework shall normally be completed over a maximum period of 4 years on a full-time and/or block-release basis.
Structure of the Programme
In accordance with the General Regulations, the degree requires the study of a range of courses over four years (8 semesters). This includes one academic year of Industrial attachment.
ENTRY REQUIREMENTS
Normal Entry Requirements
For normal entry, candidates should have passed at least 5 subjects at Ordinary Level including Mathematics and English; and, have good passes in at least two subjects at 'A' Level from Economics and any other related commercial subject(s) such as: - Accounting, Mathematics, Statistics, Management of Business/ Business Studies, Computer Science, Geography.
Special Entry
Candidates should have minimum of a National Diploma in Banking and Finance, Accountancy or recognised equivalent.
A candidate who holds a Higher National Diploma in Accountancy, Banking and Finance, or an equivalent qualification from a recognized institution may be considered for direct entry into semester two of the degree programme provided necessary courses have been covered after mapping the passed courses with our programme.
Special entry shall be in accordance with the General Regulations.
Mature Entry
Potential students who are at least 25 years old for men and 23 years for women on the day of academic year and not legible for entry under the normal entry requirements apply for mature entry provided;
They have passed at least five approved 'O' Level subjects including Mathematics and English language,
Applicants wishing to be considered under mature entry provisions may have to attend interviews and/or specific tests administered by the university to assess their general suitability for the admission.
Meeting the minimum admission requirements does not necessarily ensure admission. Admission is based on the number of places available and is awarded based on merit. The Department of Finance reserves the right to interview candidates to assess their suitability for admission into this programme.
Postgraduate
Entry Requirements
Normal Entry
To be considered for admission to the MSc programme, a candidate should, normally, hold a good Honours degree or equivalent in Finance, Accounting, Economics and Banking, Risk, Insurance, Actuarial Science, or their equivalents.
In addition, applicants should have completed the following modules, or their equivalents, at undergraduate level: Accounting, Principles of Economics, and Quantitative Analysis for Business and Corporate Finance.
Experience in financial markets will be an added advantage.
Entry Requirements
To be considered for admission to the MSc programme, a candidate should, normally, hold a good Honours degree or equivalent in Finance, Accounting, Economics and Banking, Risk, Insurance, Actuarial Science, or their equivalents.
In addition, applicants should have completed the following courses, or their equivalents, at undergraduate level: Accounting, Principles of Economics, and Quantitative Analysis for Business and Corporate Finance.
Experience in financial markets will be an added advantage.
Our Staff
PhD Economics, University of Fort Hare, RSA; MPhil Development Finance, Stellenbosch University, RSA; MSc Banking and Financial Services, NUST, Zimbabwe; B.Com (Hons) Risk Mgt and Insurance, NUST, Zimbabwe
MPhil Development Finance, SU, RSA, MSc Finance Banking and Financial Services, NUST, Zimbabwe., BCom Finance, ZOU, Zimbabwe, HND Computer Science, Bulawayo Polytechnic, Zimbabwe
MBA, (MSU) Zimbabwe, BCom (Hons) Business Management, (NUST) Zimbabwe, PGDM, (NUST) Zimbabwe, Higher National Diploma in Office Management (Byo Poly ) Zimbabwe
PhD Finance, University of KwaZulu-Natal, RSA; MSc Finance and Investment, NUST, Zimbabwe; Certificate in Investment Analysis and Portfolio Management, UNISA, RSA; Bachelor of Business Studies (Honours), UZ, Zimbabwe.
PhD Management Studies-Finance, University of South Africa, RSA; MSc Finance and Investment NUST, Zimbabwe; B. Com (Hons) Finance GZU, Zimbabwe
MSc Financial Engineering NUST, Zimbabwe, BEd(Honors) Physics NUST, Zimbabwe, Diploma in Education UZ, Zimbabwe, Certificate of Web and Computer Programming BYU, USA.
MSc Financial Engineering WorldQuant USA, BCom (Hons) Finance NUST Zimbabwe, Cert Data Analysis UCT RSA, Cert Data Science SAS Certification MANCOSA RSA, Cert in Unlocking Investment & Finance WORLD BANK, Certified Financial Risk & Regulation GARP USA.
MBA, ZOU, Zimbabwe, MSc Finance and Investment, NUST, Zimbabwe, BBS Hons, UZ, Zimbabwe, FETC, Hexco, Zimbabwe
PhD Management Studies-Finance, University of South Africa, RSA; MSc Finance and Investment (Cum laude) NUST, Zimbabwe; B. Com (Hons) Banking and Finance (Cum laude) MSU, Zimbabwe; Banking Diploma, IOBZ, Zimbabwe; Post Graduate Diploma in Higher Education, NUST, Zimbabwe.
MSc Finance and Investment NUST, Zimbabwe; BCom Hons Business Management (Financial Management specialization), UNISA, RSA, BCom Financial Management UNISA, RSA.