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Master of Applied Finance (Financial services)

The Master of Applied Finance in Financial Services is an advanced program for students interested in acquiring an advanced knowledge of financial services, banking and regulatory systems. You will develop an in-depth knowledge of the tools relevant for lending decisions and liquidity management, alongside the ability to make astute financial choices for the benefit of stakeholders.

The program will equip you with the tools you need to understand the complex relationships between central banks and other institutions, regulators, markets and societies across a range of banking and finance services. You’ll also graduate with a thorough understanding of corporate governance and business ethics.

18 - 24 months

Spring - January
Summer - May
Autumn - August

Fees per subject
AED 8,967
USD 2,443
(VAT 5% inclusive)


Our strong links with  a broad range of financial industry partners in the UAE and across our global network will allow you to investigate financial markets and institutions in depth as part of your program of study, giving you real world experience and the opportunity to develop and apply the skills you have learnt throughout your degree.

Globally accredited, internationally relevant

Because we’re licensed by the UAE Ministry of Education - Higher Education Affairs, through the Commission of Academic Accreditation, our students and graduates can be assured that our degrees are recognised throughout the UAE and internationally.

All MAF programs are also quality assured by UOW Australia, which is registered with the Australian Tertiary Education and Quality Standards Agency (TEQSA), the national regulator of higher education in Australia. Upon graduation, students can choose either a degree certificate from UOWD or a degree certificate from the University of Wollongong Australia.

Program Duration

The maximum requirement to graduate from a single specialisation MAF program is twelve (12) subjects.

The program will normally take you five or six semesters to complete (based on three semesters per year with summer as an optional semester and two subjects per semester). At this rate, the degree can be completed in two years or less. Classes are held 6:00pm - 9:30pm, Sunday to Thursday. Each subject requires one evening of attendance for 13 weeks.

If you have joined UOWD in spring 2016 or later, your program of study is as follows:

Program Structure

Level Subject Code Subject Name
Common Finance Foundation FIN924 Financial Statement Analysis for Business
FIN958 Financial Institutions
ECON939 Quantitative Economic Analysis
FIN926 Advanced Managerial Finance
Specialisation Subjects FIN925 Banking Theory and Practice
FIN955 International Banking
FIN956 Banking, Lending and Securities
FIN959 Enterprise Risk Management
TBS909 Corporate Governance
Electives* FIN927 Entrepreneurial Finance
FIN928 Multinational Financial Management
TBS905 Economic Analysis for Business
MARK922 Marketing Management
FIN930 Islamic Banking and Finance
Capstone Project FIN960 Research in Financial Markets and Institutions

*Students are required to choose two electives from the approved list.


Program Leader

Dr Vikash Ramiah

Dr Vikash Ramiah
Associate Professor
PhD, RMIT University; Master of Finance, RMIT University; Diploma of Management, RMIT University; BSc (Hons) UOM

Dr Vikash Ramiah is an Associate Professor at the University of Wollongong in Dubai, and currently teaches International Financial management on undergraduate level and Portfolio Simulation and Financial Strategy on postgraduate level...

Read more


If you joined UOWD prior to Spring 2016, please click here.

For more information on fees and scholarships, entry requirements, application procedures,  academic timetabling and information about credit for prior learning, please follow the links below:

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