MCom (Development Finance)
The Developing Markets Need Finance for Development
Development finance is not just for do-gooders and NGOs, but for people and institutions that can influence development trends in an emerging context and make large-scale changes that can impact positively on the quality of life of people around the world. Development finance tools are used by people who have the financial expertise necessary to help the market grow and improve the overall investment climate. It provides the expertise to start initial investments that act as the right catalyst, and demonstrate that enterprises can thrive in economically challenging markets. It is used to ensure that funds channelled through development projects provide sustainable outcomes that can sustain the development agendas of developing countries. The Master of Commerce Degree in Development Finance is, therefore, designed to develop people and institutions that can help provide optimum financial outcomes that enhance the design and implementation of reforms and capacity-building programmes adopted by governments, the private sector, NGOs and the wider emerging market.
Why the Degree?
As a professional discipline, Development Finance is widely practiced today by all central governments; major development finance institutions including the World Bank, the IMF, the UN; as well as public and private sector organisations, international foundations and NGOs. However there is a shortage of Development Finance experts in Africa, where the expertise is needed most. It's for this reason the University of Cape Town’s Graduate School of Business (GSB), has partnered with Africagrowth Institute (AGI), to create the Master of Commerce Degree in Development Finance.
The MCom (Development Finance) programme which takes place at the GSB aims to ensure that Africa produces enough development finance experts to meet the growing needs of the growing continent.
- Development Finance Practitioners
- Civil Servants
- Staff of Development Finance Institutions
- Staff of Other Financial Institutions
- Staff of NGOs
- Staff in the Private Sector
- A four-year degree or Honours degree in Economics, Commerce, Accounting, Finance or other finance related degrees.
- Alternatively applicants may have a four-year or Honours degree in other non-finance related discipline with at least 3 years work experience in finance related work.
- Students must be fluent in spoken and written English.
- Applicants are not required to take the GMAT or any other tests.
- Micro-Enterprise Finance
- Project Finance
- International Finance for Development
- Quantitative Methods in Development Finance
- Issues in Development Finance
- Responsible Investment
- Public Sector Finance
- Financial Risk Management
- Research Methods
Students will be required to take a minimum of one elective from the following list:
- Sovereign Debt Management
- WTO and Trade Negotiations
- Global Financial Architecture
- Financial Services Regulation
- International Trade Policies
- Corporate Finance and Investment
GSB faculty is committed to ensuring that the MCom in Development Finance program is the best in Africa.
Professor Nicholas Biekpe is the Program Director & Teaches Quantitative Methods in Development Finance
Dr Sean Gossel is Head of Research & Teaches Financial Risk Management
Dr Stephanie Giamporcaro is Head of Academic Coordination and internationalization & Teaches Responsible Investment
Dr Kutlwano Ramaboa Teaches Research Methodology
The program not only benefits from the expertise of the GSB faculty but also from a range of international lecturers, who bring a practitioner and afropolitan vision to complete the range of financial topics taught in the program.
Core courses and elective are validated through the successful completion of a range of assignments: a mini-test in class, a final exam in class and an essay/case study to be written outside class are usually requested by lecturers.
In addition students must write and submit a research report on a suitable topic to round off the degree.
Each student will be required to write a report in one of the following formats:
- Writing and analysing a major work-related case study.
- Writing an essay-type scientific report which delves deeply into a particular issue of interest to the student.
- Writing a journal article related to one or more of the modules on the degree programme.
The degree is offered as a 2-year modular programme. A first intensive modular (2 weeks) period takes place in the period March/April of the first year. A second intensive modular period (2 weeks) is organized in August of the first year. The second year an intensive modular period takes place in February. The rest of the year is dedicated to the writing of the compulsory research report.
Please note that applicants are not required to take the GMAT or any other tests
Tuition fees for the 2014 programmes are under review. Our website will
be updated during August 2013 with provisional fees. The final approved
2014 fees will be known only in November 2013. As a guideline, please
refer to the fees for 2013
Ms. Candice Marais
MCom Development Finance
Tel: 021 406 1437
Tel: 021 406 1418
Professor Nicholas Biekpe
Tel: 021 914 6778 / 6769 / 6739
Ms Dina Potgieter
Tel: 021 914 6778 / 6769 / 6739