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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Master of Commerce in Asset Management 
SAQA QUAL ID QUALIFICATION TITLE
109919  Master of Commerce in Asset Management 
ORIGINATOR
University of Johannesburg 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Master's Degree  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  180  Not Applicable  NQF Level 09  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Reregistered  EXCO 0821/24  2019-07-25  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2031-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This qualification does not replace any other qualification and is not replaced by any other qualification. 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The purpose of this qualification is to develop the learner's knowledge of the discipline of asset management and to prepare the learner for a career in the asset management industry. Mastering of the research process will deliver learners who are prepared for the professional asset management industry. The qualification emphasises competence, integrity, and application of ethics in a professional environment.

Rationale:
The Master of Commerce in Asset Management has been developed to provide much needed asset management skills to the market and it will create an additional learning opportunity for learners with investment related backgrounds. No similar qualification of this nature exists in the South African market and therefore this qualification meets the need for further study in the financial markets. The qualifying learner will gain a global and South African financial market perspective and an in-depth understanding of the marketplace, which will provide them with a competitive advantage for employment. The curriculum covered in this qualification will allow learners to pursue the Chartered Financial Analyst professional qualification, Financial Risk Manager professional qualification, Chartered Alternative Investment Analyst professional qualification as well as a number of professional examinations offered by the Chartered Institute for Securities and Investment. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Entry Requirements:
The minimum entry requirements are:
  • A Bachelor Honours Degree in Investment Management.
    Or
  • Postgraduate Diploma in Investment Management.

    Recognition of Prior Learning (RPL):
    Prospective learners may apply for RPL as per the RPL policy of the institution.

    The institution accepts Recognition of Prior Learning (RPL) as an integral part of education and academic practice. It is acknowledged that all learning has value and the institution accepts the challenge to assess prior learning and award credit that is aligned to institution qualifications to promote lifelong learning.

    The purpose of the institution's RPL policy is to recognise prior learning in order to provide for access into qualifications, grant advanced standing and grant credits for modules on the principles and processes that serve as basis for RPL practices. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification consists of compulsory modules at National Qualifications Framework (NQF) Level 9 totalling 180 Credits.

    Modules:
  • Equity Analysis and Valuation, 15 Credits.
  • Financial Statement Analysis, 15 Credits.
  • Investment Analysis and Management, 15 Credits.
  • Financial Modelling of Assets, 15 Credits.
  • Fund Management, 10 Credits.
  • Financial Modelling of Funds, 15 Credits.
  • Governance and Regulations in Financial Markets, 10 Credits.
  • Risk Analysis and Management, 10 Credits.
  • Research Principles: Investment Management, 15 Credits.
  • Research Project: Asset and Fund Management A, 30 Credits.
  • Research Project: Asset and Fund Management B, 30 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Apply knowledge to solve theoretical, applied, research based and real life asset management problems.
    2. Integrate the key aspects of specified systems, situations, specified bodies of content and the effect in the asset management industry.
    3. Self-organise and working in groups in the face of continual challenge from the environment.
    4. Justify scientific paradigms and methods in scientific concepts and their changing nature.
    5. Produce integrated research projects relevant to the asset management industry. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Evaluate multiple options of applying and integrating asset management problems.
  • Integrate asset management knowledge to solve theoretical, applied or real life asset management problems in the asset management context.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Evaluate key aspects of specified systems, situations, specified bodies of content in the asset management industry.
  • Present and apply the implication of key aspects of the asset management industry on an advanced level.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Demonstrate an advanced ability to reflect with self and others, critical of own and other people's thoughts and actions.
  • Show a capability of self-organisation and working in groups in the face of continual challenge from the financial market environment.
  • Exhibit an ability to reflect with self and others, critical of own and other people's thoughts and actions.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Reflect on the importance of scientific paradigms in understanding scientific concepts and their changing nature.
  • Discuss and reflect the importance of methods in understanding scientific concepts and their changing nature.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Combine applicable knowledge to asset management so that the research problems can be correctly addressed.
  • Compile integrated research projects relevant to the asset management industry according to the applicable research principles.

    Integrated Assessment:
    All of the coursework modules for the Master of Commerce in Asset Management will be continuously assessed. Continuous assessment includes Formative and Summative Assessment made up of tests, assignments and a final examination.

    Summative Assessment will be conducted for the Research project and formative assessment for the Progress report. 
    		•

    INTERNATIONAL COMPARABILITY 
    This qualification has been compared with the following international qualifications:

    Master of Science (MSc) Investments, University of Birmingham, United Kingdom.

    The MSc Investments is closely comparable to a Master of Commerce in Asset Management as both qualifications focus on similar content areas.

    Core modules:
  • Dissertation.
  • Financial Modelling and Forecasting Techniques.
  • Financial Statement Analysis for Investors.
  • Foreign Exchange and International Money Markets.
  • Fund Management.
  • Investment Mathematics, Concepts and Markets.
  • Portfolio Theory and Investment Analysis.
  • Risk Management.
  • Security Analysis and Valuation.

    Optional modules:
  • Corporate Governance Issues in Fund Management.
  • Private Equity and Venture Finance.
  • Quantitative Techniques in Finance.
  • Trading Techniques.
  • Market Microstructure.

    Master of Science in Finance, Singapore Management University, Singapore.

    The Master of Science in Finance is closely comparable to a Master of Commerce in Asset Management as both qualifications focus on similar content areas.

    Modules:
  • Financial Accounting I.
  • Managerial Economics.
  • Finance Theory and Practice.
  • Portfolio Theory and Asset Pricing.
  • Managing your Career.
  • Financial Accounting II.
  • Valuation and Analysis.
  • Financial Modeling.
  • Derivatives.
  • Fixed Income Securities.
  • Hedge Funds.
  • Energy Project Valuation and Finance.
  • Financial Statement Analysis.
  • Real Estate Investment.
  • Corporate Financial Policies.
  • International Finance.
  • Financial Markets and Monetary Policy. 
    		•

    ARTICULATION OPTIONS 
    This qualification offers the following articulation possibilities:

    Horizontal Articulation:
  • Master of Economics, Level 9.

    Vertical Articulation:
  • Doctor of Commerce in Financial Management, Level 10. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. University of Johannesburg 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.