SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Master of Management in Finance and Investment Management 
SAQA QUAL ID QUALIFICATION TITLE
97752  Master of Management in Finance and Investment Management 
ORIGINATOR
University of Witwatersrand 
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  190  Not Applicable  NQF Level 09  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2031-06-30  

Registered-data under construction

The qualification content is currently being updated for the qualifications with the status “Registered-data under construction” or showing “DETAILS UNDER CONSTRUCTION” to ensure compliance with SAQA’S Policy and Criteria for the registration of qualifications and part-qualifications on the National Qualifications Framework (NQF) (As amended, 2022). These qualifications are re-registered until 30 June 2027 and can legitimately be offered by the institutions to which they are registered.

 

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.  

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The purpose of this qualification is to provide learners with specialised skills and knowledge in finance and investment management.

A qualified learner will be able to:
  • Interpret the macroeconomic underpinnings of financial markets.
  • Identify researchable issues and provide scientifically acceptable research outcomes that informs improved organisational processes and production.
  • Advice corporate/organisations on the fundamentals of investments and wealth management.

    Rationale:
    The Master of Management in Finance and Investment Management is designed to provide learners with specialised management skills in finance and investments. This qualification prepares learners for positions at senior management levels in private financial services firms, government financial institutions and also assists learners with the ability to set up financial schemes that meets the needs of the community. Learners will also be equipped with skills to lead and oversee financial management matters in their respective organisations. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Recognition of Prior Learning (RPL):
    Applicants who do meet the admissions process but who can demonstrate to the satisfaction of the University that they have suitable experiential or work based learning, may be considered for admission and/or for the recognition of prior learning. Applicants who, after such assessment, are deemed to have sufficient potential but are in need of further academic development, may be required to broaden their curriculum to include preliminary programmes prior to admission or parallel programmes after admission.

    Entry Requirements:
    The minimum entry requirement for access to this qualification is:
  • A four-year cognate Bachelor's Degree at NQF Exit Level 8 or equivalent. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification consists of compulsory and elective modules at NQF Level 9, totalling 190 Credits.

    Compulsory Modules, 150 Credits:
  • Corporate Finance and Financial Statement Analysis, 15 Credits.
  • Investments, 15 Credits.
  • Finance Macro-environment Analysis, 15 Credits.
  • Applied Financial Econometrics, 15 Credits.
  • Research Report, 90 Credits.

    Elective Modules, 40 Credits (select four):
  • Advanced Corporate Finance and Corporate Governance, 10 Credits.
  • Capital Budgeting and Project Finance, 10 Credits.
  • Advanced Financial Statements Analysis and Disclosure, 10 Credits.
  • Banking Operations and Financial Institutions Management, 10 Credits.
  • Investment Banking and Primary Markets, 10 Credits.
  • Development and Entrepreneurial Finance, 10 Credits.
  • International Finance and Globalisation, 10 Credits.
  • Emerging Markets and Financial Market Development, 10 Credits.
  • Trading and Securities Selection, 10 Credits.
  • Asset Management and Portfolio Formation, 10 Credits.
  • Derivatives, Debt and Structured Contracts, 10 Credits.
  • Real-estate Markets and Mortgage Finance, 10 Credits.
  • Models, Forecasting and Risk Management, 10 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Interpret the macroeconomic underpinnings of financial markets.
    2. Identify researchable issues and provide scientifically acceptable research outcomes that inform improved organisational processes and production.
    3. Advice corporates or organisations about the fundamentals of investments and wealth management. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Financial markets valuation concepts are analysed and applied in different settings and recommendations are made.
  • Investment tools are applied to solve real life problems.
  • The techniques to evaluate debt and equity assets are appraised and compared to their real-time values.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Research in the discipline of finance and investment is conceptualised, pursued, presented and appropriate recommendations are made.
  • Appropriate theoretical principles are used to analyse and evaluate assets.
  • Specialist knowledge in each stage of research, information and data collection and management, analysis and writing process is demonstrated.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Problem solving skills and expertise is demonstrated in complex and fast paced global contexts.
  • Evaluations of the application of the principles of company analysis are written using both accounting and market data.
  • A real or hypothetical company is analysed and recommendations about the company's situation and performance to potential investors are made.

    Integrated Assessment:
    Integrated assessment will be achieved through a variety of strategies. These include written examinations, group and individual projects and assignments, practical examinations and a research report. Some of the criteria may be assessed through observation of the learners during their classes.
    Integrated assessment will be both formative and summative. Formative assessment will take place during seminar presentations, discussions and project sessions. Self and peer assessment will contribute to formative assessment.
    Summative components of assessment will include the research report in which learners define the research question, identify appropriate research methodologies, undertake a literature review, critique the literature, collect and analyse data, and finally compile a report.
    The written and practical examinations will require integration of information from the different areas of the course content. 
    		•

    INTERNATIONAL COMPARABILITY 
    United Kingdom:
    A number of universities in the United Kingdom offers a Master of Science Degree in Finance and Investment is offered. The qualification provides learners with a specialist education in finance and investment. It gives learners a global perspective on investment markets and asset classes, provides practical knowledge on the processes and mechanics underlying investment, and builds on the learners' existing numerical skills so that they are able to understand and practice investment-related mathematics. Learners are required to complete a research report in order to complete this qualification.

    United States of America:
    The Master of Science in Finance in Corporate Finance is offered by various higher education institutions in the United States of America (USA). This qualification offers learners specialist education in finance and investment. Research forms an integral part of the qualification.

    Conclusion:
    This qualification compares favourably with both international qualifications as learners are required to complete a research report in a specialist area of interest. 

    ARTICULATION OPTIONS 
    This qualification provides possibilities for both horizontal and vertical articulation.

    Horizontal Articulation:
  • Master of Commerce in Investment Management, at NQF Level 9.
  • Master of Commerce in Finance, at NQF Level 9.

    Vertical Articulation:
  • Doctor of Commerce in Finance, at NQF 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 Witwatersrand 


    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.