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COURSE DURATION: Two (2) years | Rolling Intakes: January, September


The philosophy of this programme is to provide an excellent foundation for a career in both corporate and public finance using diverse research models. The curriculum places much emphasis on the improvement of the student's ability to handle financial issues confronting the business and financial world with professionalism and ethics. The programme is practical and career-oriented while maintaining high standards of rigour and scholarship. It provides new skills, analytical tools and perspectives, which provide a sound basis for financial management, accounting, investments, public finance and development, and management of financial institutions and markets. 


The programme provides a deep understanding of important financial concepts, models, methods, and theories that can be applied in both corporate and public environments in financial management. The programme will help improve quantitative analytical skills and deepen students’ knowledge of the financial markets. The programme aims at training the critical manpower required towards achieving Kenya’s Vision 2030, Sustainable Development Goals and other development objectives, and making East and Central Africa a vibrant region ready to face a globalizing world characterized by constant change and new demands.


At the end of the programme, the learner should be able to:

  1. Illustrate an understanding of theories in finance, accounting and related disciplines;
  2. Apply core concepts and tools in the finance discipline to develop integrated and innovative strategies to address current and emerging business problems;
  3. Evaluate and criticize financial policies and action plans;
  4. Develop appropriate research protocols to undertake research in finance, accounting and related disciplines.


Face-Face Mode

Lectures and tutorials using notes, electronic presentations, instruction manuals, group discussions, practical laboratory demonstrations and fieldwork.

Open, Distance Learning, and e-Learning Mode

To be offered off-campus using a multi-media approach, including a variety of self-instructional print and video conferencing materials.

Blended Learning Mode

This is the use of combined face to face and open, distance learning and e-learning modes

Contact Details: 

P. O. Box P.O Box 30197 - 00100 ,GPO .
Lower Kabete Campus - Lower Kabete Road
Tel: Tel: +254 02 4184160-5/254 20 2059163-4/ 0735704065/ 0729396808

Contact Person:Chairman Department of Finance and Accounting


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.

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

 The following shall be admissible:

        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.

With a degree in Master of Science in Finance and Accounting from university of Nairobi, a graduate has an opportunity in consulting in the investment banking industry. Besides consultancy, Master in Finance graduates will pursue careers in financial technology sector, analyst in brokerage firms, general financial analysts, asset management, and private equity and venture capital firms.

Notable Alumni

Ayora Oscah Edward

Catherine Ngahu


Caroline Kigen


Career and Internship Opportunities.  

Students who pursue this program can work in financial management firms, accounting firms, investment firms and many other financial institutions. They can also work in the banking sector, insurance sector and capital markets. 


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