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Master of Applied Finance (Financial Technology)
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  • Master of Applied Finance (Financial Technology)

Master of Applied Finance (Financial Technology)

Degree Summary
Program Outcomes
Program Structure
Faculty
Accreditation
Admission Requirements
Duration

18 - 24 months
12 subjects

Classes commence
  September (Autumn)
  January (Winter)
  April (Spring)
Fees*

AED 9,415.35 / USD 2,565 per subject
*VAT 5% inclusive

The financial technology (FinTech) sector is transforming the financial services industry, driving innovation across banking, investments, and digital payments. Rapid advancements in blockchain, algorithmic trading, and financial data analytics are reshaping how businesses, financial institutions, and governments operate. As technology continues to disrupt traditional models, the demand for professionals who can bridge finance and technology is rapidly growing.

The Master of Applied Finance – Financial Technology at the University of Wollongong in Dubai (UOWD) equips professionals with the skills to lead the FinTech industry. This specialised program combines core financial principles with advanced technological applications, providing expertise in blockchain technology, digital banking, algorithmic trading, and financial data analytics. By integrating finance and technology, the program enables graduates to identify opportunities for innovation, improve financial processes, and develop solutions for real-world challenges.

Designed in collaboration with leading financial institutions and technology companies, the program offers an industry-aligned curriculum that ensures practical, job-ready skills. Graduates will be well-positioned for roles such as FinTech Business Analyst, FinTech Product Manager, Digital Banking Specialist, and Financial Technology Consultant. Whether advancing in financial services or transitioning into the FinTech sector, having a deep understanding of financial technology is essential. UOWD's Master's degree in Applied Finance (FinTech) provides the expertise and global recognition needed to succeed.

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Program Selection Guide
UOWD's Master of Applied Finance
View Program Structure
  • Academic Requirements
  • Application Procedures
Entry Requirements

Students applying for a master's degree must have completed a bachelor's degree (or equivalent) at an accredited institution of higher education and have achieved the minimum grades outlined below: 

 

Country Direct Admission Probationary Entry*
GPA 2.5-2.99 or equivalent
Conditional Entry**
GPA 2.0-2.49 or equivalent
Australia 65% 57% 50%
Brazil 7/10 6/10 5/10
China 75% 63% 50%
Colombia 3.5/5 3.25/5 3/5
Egypt 65% (Good) 57% 50% (Pass)
India 50% 45% 40%
10 Point System: 7.0/10.0 10 Point System: 6.0/10.0 10 Point System: 5.0/10.0
4 Point System: 3.0/4.0 4 Point System: 2.5/4.0 4 Point System: 2.0/4.0
Iran 14 13 12
Japan 70/100 or 4/5 65/100 or 3.5/5 60/100 or 3/5
Jordan 70% 60% 50%
Kenya 50% 45% 40%
Lebanon 11 10.5 10
Mexico 8/10 7/10 6/10
Nepal 50% 45% 40%
Nigeria 50% 45% 40%
Pakistan 50% 45% 40%
Russia Average of 4 Average of 3.5 Average of 3
South Korea 80/100 75/100 70/100
UAE 3 2.5 2
UK 2nd Class Honours with lower division (or min 50%) 45% Pass (or min 40%)
USA 3 2.5 2

 

* Applicants with a bachelor’s degree in the relevant field of study, or its equivalent, with an overall GPA between 2.5 and 2.99 (on a 4.0 scale) may be conditionally admitted to a master’s program, only if they meet the necessary english language requirement. Such students must take a maximum of 18cp of subjects studied for the master’s degree during the period of conditional admission and must achieve an overall WAM of 55 in their first 3 subjects at the University. Students who fail to achieve this standard may have their enrolment discontinued.

** Applicants with a bachelor’s degree in the relevant field of study, or its equivalent, with an overall GPA between 2.0 and 2.49 (on a 4.0 scale) may be conditionally admitted to a master’s degree, only if they meet the necessary english language requirement and they will be required to complete a maximum of 18cp remedial non-credit bearing subjects prior to enrolment in their chosen Master’s degree. Students must achieve a minimum WAM of 55 in these subjects in order to progress to the master’s degree or may have their enrolment discontinued.

Note:

[1] Unless otherwise stated, the entry requirements above are based on Section I institutions. Further details on alternate entry requirements can be obtained by contacting the Admissions department.
[2] The Master of Applied Finance is an advanced degree for students who have a recognised bachelor’s degree in Business, Engineering, Maths or IT related specialisation.

English Language Requirements

At UOWD, all classes are taught in English and in order to enrol in a master's degree you will need to submit one of the following certificate of English language proficiency:

 

English Language Test Entry Score
IELTS
Academic
Overall score of 6.0 with 6.0 in Reading and Writing and 5.0 in Listening and Speaking
TOEFL
Internet based
79 with not less than 20 in Writing, 18 in Reading, 17 in Listening, 16 in Speaking
TOEFL
Computer based
213 with a 4.0 TWE/Essay Writing
TOEFL*
International paper based
550 with a 4.0 TWE/Essay Writing

Note: Students who have achieved an overall Academic IELTS score of 6, but with a minimum of 5 in reading and writing for their relevant program, may opt to take Academic Writing as an additional subject during their first semester at an additional fee of AED 1,050/USD 286. A 50% pass rate is required to clear the post enrolment condition. Alternatively, the student may opt to retake the IELTS test.

* Students admitted under this criterion must complete the test at AMIDEAST.

Credit for Prior Learning

If you are seeking credit for prior learning, you will need to submit an official academic transcripts showing all courses studied and the grades obtained, syllabus details (including information on course content) for the courses you have successfully completed and an explanation of the grading system. Your eligibility for Credit for Prior Learning will be decided in consultation with UOWD's Faculty Offices prior to the beginning of the program.

To make an application for your chosen program, complete the online application form and submit it along with all your supporting documentation (see below) prior to the application deadline.

Late applications may be accepted subject to the availability of places but applicants are encouraged to apply as early as possible.

Supporting Documentation

The following records are required to process your application. Please ensure that all these documents accompany your UOWD application for admission form submittal:

  • The original transcripts of your bachelor’s degree results
  • A Certificate of Completion

(If the above documents are not in English, a certified English translation is required)

  • Proof of your english language proficiency

(Note: Results from IELTS & TOEFL tests must be sent to the University directly from the IELTS or TOEFL testing centres quoting the UOWD institution code IELTS: AE109 / TOEFL: 7907)

  • Your current resume or CV
  • A copy of your UAE ID card (if applying from within the UAE)
  • A copy of your passport (and Residence Visa, if resident in the UAE).

Additionally, if you are seeking advance standing in your chosen program:

  • Certified copies of official academic transcripts showing all courses studied and grades obtained, syllabus details (including information on course content) of the courses you successfully completed and an explanation of the grading system.
Attestation of Documents

Applications are required to obtain attestation / equivalency of their bachelor’s degree from the UAE Ministry of Education. The attestation / equivalency process is dependent upon whether you completed your bachelor’s degree within the UAE or outside the UAE.

If the bachelor’s degree was completed outside UAE, you must have your bachelor’s degree and transcripts/mark sheets certified by:

  1. The issuing University and/or recognised authority for tertiary education in the host country in which you completed your education
  2. The Ministry of Foreign Affairs in the host country
  3. The UAE Embassy in that host country OR the Embassy of the host country in UAE must attest the authenticity of the documents and attestations.

Additionally, the UAE Ministry of Education must issue an Equivalency Certificate. Applicants must have a valid UAE residency visa when applying for an Equivalency Certificate. In special cases where complying with conditions (2) and (3) are not feasible, the certificates may be verified against originals by Embassies in the UAE and the UAE Ministry of Foreign Affairs.

If you are unable to secure the Equivalency Certificate(s) as outlined above will be asked to sign a “Consent to Provide Documents” form agreeing to secure the equivalency. You will be permitted to commence your studies at UOWD, but will be given a maximum of one semester to obtain the equivalency certificate(s). UOWD reserves the right to take appropriate action against any applicant who cannot secure the appropriate documentation in this time, which may result in the termination of the student’s enrolment at UOWD.

For more information or assistance on attesting documents from outside UAE, click here.

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Program Structure

The Master of Applied Finance - Financial Technology requires the successful completion of 72 credit points of subjects. To complete this program, it will normally take you five or six trimesters (based on 3 trimesters per year where you take 2 subjects). The capstone subject, BUS 922 Business Research Capstone should be completed within the final session of study.

  • Program Structure

Program Core Subjects

This subject introduces students to the role played by statistical analysis using both financial and non-financial data for decision-making in organisations. Students will develop the skills to review and interpret the results of data analysis in various forms.

This subject examines the framework for financial statement analysis with discussion of the role of accounting information and intermediaries. Emphasis is on the appraisal and prediction of corporate financial performance from publicly available information such as accounting numbers, industry and economic statistics as well as other stock market data. Cases and problems are gradually introduced, provoking an analytical and creative thinking process ending with the evaluation and preparation of appropriate business strategies.

This subject examines advanced aspects of corporate finance within the contemporary business environment. The subject first analyses the impact of capital markets, information asymmetries and principal-agent conflicts on practical decision-making in the firm. It then investigates several specialised areas receiving increased scrutiny from corporate stakeholders including financial distress and restructuring, corporate governance, managerial compensation, organisational architecture and risk management, debt and equity strategies, mergers and acquisitions and emerging market corporate finance.

This subject focuses on the emerging demand by investors and wider community for socially responsible investing. This subject will cover ethics in investing, good corporate governance, social impact and green bonds, environmental finance, the importance of finance and economics in relation to the UN Sustainable Development Goals, socially responsible investing, CFA ethics for financial advisors, and other developing areas of importance.

This subject reviews the global financial system and investigates the functioning of Australian financial institutions and markets. Particular content may include coverage of the evolution of the global monetary system and organisations; the international financial markets including Euromarket; the framework of Australian financial system; the role of regulation sectors; the operations of money market, capital market and derivative market; the banking industry and payment system; and the implication of monetary and fiscal policies on financial markets.

The focus in this subject will be on providing protection against portfolio, financial and corporate risks that are common to any number of basic and advanced investment decisions. Topics covered include risk insurance; the function of a risk management program to satisfy shareholders, employees, regulators, and other important stakeholders; the continuing evolution of best-practice risk policies and methodologies and associated risk infrastructures; implementation and the efficient communication of an organisation-wide Enterprise Risk Management (ERM) approach that encompasses market, credit, liquidity, operational, legal and regulatory, business, strategic and reputation risks.

Specialisation Core Subjects

This subject explores the rapidly evolving fields of tokenized assets and decentralized finance (DeFi), offering broad overviews into various digital assets, such as Central Bank Digital Currencies (CBDCs), cryptocurrencies, tokenized commodity, artwork, and real estate. It emphasizes the risk-return profiles, regulatory development, and their impact on the traditional financial ecosystem. Leveraging practical exercises and industry case studies, students will critically evaluate the financial attributes and performance of these assets. The subject aims to equip students with the knowledge to navigate the complexities of financial technology, preparing them for future opportunities in this innovative sector.

The subject analyses the impact of regulation on the fintech industry, examining regulatory drivers and business decisions related to lending, payments, and digital assets. Students will delve into digital information regulations, covering digital privacy, artificial intelligence, and big data. The subject explores the use of regulatory sandboxes by fintech firms and financial institutions to test ideas and gain regulatory support, compares regulatory approaches across different countries, and explores future trends in fintech regulation. Students will gain insights into the evolving regulatory framework governing technology-driven financial innovation, setting these discussions within the context of business ethics and professional ethics. The subject utilises real case studies to allow students to engage with both theoretical concepts and practical applications.

This subject provides a comprehensive exploration of the transformative impact of Financial Technology (FinTech) on the banking and insurance sectors. Students will examine digital wallets, cross-border digital payments, peer-to-peer lending, robo-advice and innovative solutions that are making financial processes more efficient and accessible. Students will learn concepts and practical solutions in Insurance Technology (InsurTech) that streamline processes, enhance customer experience through digital platforms, utilize data analytics for risk assessment, and implement innovations such as telematics and blockchain for efficient claims processing. Participants will engage with practical applications that focus on banking and insurance.

Elective Subjects

Students must complete TWO Elective Subjects (12 credit points of 900 level) from subjects offered from the School of Business (excludes MBA and some specialised 900 level subjects).

Capstone Project

In this capstone subject, students will plan and undertake a strategic research project, applying appropriate research methods to design, collect, and analyse data on an approved business topic. They will draw on specialised knowledge from relevant discipline(s) to critically assess findings and develop innovative, evidence-based solutions to complex challenges. Throughout the subject, students will present their ideas and recommendations clearly to both specialist and general audiences through oral and written communication, while ensuring their decisions reflect principles of social responsibility.

 

Program Outcomes

The Program learning outcomes for the Master of Applied Finance program and the major in Financial Technology is provided below:

  1. Integrate technical, theoretical and industry knowledge as it relates to the operation of the organization of and participation in local and international finance.
  2. Critically apply technical, theoretical and industry knowledge and skills to propose solutions to routine and/ or emerging problems in finance.
  3. Exercise professional judgement to propose solutions to problems in diverse contexts using economic, finance, regulatory and ethical perspectives.
  4. Communicate appropriately in oral, written and visual forms with relevant stakeholders.
  5. Work appropriately with others in order to achieve outputs relevant to finance.
  6. Conduct an applied research project.
  7. Reflect on performance and feedback to identify learning opportunities and self-improvement.

Financial Technology concentration Learning Outcomes

In addition to the Master of Applied Finance learning outcomes, students will be required to meet the following proposed learning outcomes for this major, which is as follows:

  1. PLO1:  Inspect a variety of financial assets and range of investment scenarios using analytical tools and processes for financial and investment decisions.
  2. PLO2:  Apply financial technology strategies grounded in responsible professional practice and principles of sustainability.
  3. PLO3:  Propose effective technology-based solutions, employing rigorous analysis and critical evaluation.
  4. PLO4: Explain the complex relationships between investors, financial institutions, regulators, and markets across a range of investment and financing contexts.
  5. PLO5: Apply knowledge effectively in financial technology to make informed decisions.

Accreditation and Recognition

All degrees at the University of Wollongong in Dubai are accredited by the Commission for Academic Accreditation (CAA) of the UAE Ministry of Education and are licensed by the Knowledge and Human Development Authority (KHDA). In addition, the degree is quality assured by UOW, which is registered with the Tertiary Education Quality and Standards Agency (TEQSA), the national regulator of the higher education sector in Australia.

Also, all business degrees of the University of Wollongong are accredited by The Association to Advance Collegiate Schools of Business (AACSB).

Students will be issued a UOW Australia degree upon graduation.

Professional Accreditation

Association to Advance Collegiate Schools of Business (AACSB)

AACSB

The Association to Advance Collegiate Schools of Business (AACSB) provides an international seal of approval for business programs that ensures the educational needs of students are met through high quality, continuous improvement and excellence in education. This globally recognised accreditation has been awarded to only the top five percent of the world’s business schools.

Dr Haroon Khan

Associate Professor
Discipline Leader (Finance & Accounting)

Dr Haroon Khan is an associate Professor and the Finance Program Director in the University of Wollongong in Dubai.

He received his PhD in 2011 from IAE, Graduate School of Management, Aix-en-Provence, & ESSEC, Paris, France, with specialisation in Strategic and Entrepreneurial Finance.

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Faculty

Dr Burcu Kapar

Associate Professor

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Dr Kashif Saleem

Associate Professor

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Dr Osama Al-Hares

Associate Professor
Director (Postgraduate Programs)

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Dr Vikash Ramiah

Associate Professor
Head of Postgraduate Studies (HPS)

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