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MBA/MS Finance Program
Cesar E.A. Virata School of Business
University of the Philippines

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The MBA program

The MBA Program of the University of the Philippines aims to help managers gain a distinct advantage in their profession, whether they are in industrial, financial, government or non-profit institutions. The MBA Program seeks candidates of high caliber -- i.e., students with strong academic backgrounds, professional experience, personal maturity and the interest and discipline to develop their managerial and leadership potential. On the average, 50 students are admitted into the Full-time Program, and twice as many in the Managers' Program.

To achieve this goal, the College offers a broad-based program curriculum which hopes to strike a balance between technical training and practical problem-solving, that is founded on current management theories and approaches. It is complemented by case analyses, company/industry studies, business games and other experiential learning methods. A conscious effort has been made to develop a curriculum responsive to the unique features of the Philippine and Asian environments. MBA students engage in an intensive study in current management concepts and techniques through a core curriculum covering the functional areas in business as well as economics, applied mathematics and statistics and behavioral science. Students are encouraged to gain added functional expertise by pursuing elective courses offered at the College of Business Administration or in allied graduate units of the University.

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The MS Finance program

Financial institutions undertake the financial sector's mobilization of resources. Crucial to the sector's growth is its managerial manpower.

The effort in developing such managers had been through MBA programs that offer elective courses in financial management. However, MBA programs remain mainly oriented toward training generalist business managers. As a result, substantial resources are still expended in non-formal special training in finance.

Furthermore, the growing size and complexity of the Philippine finance sector has created the need for a specialized degree program in finance.

In accordance with UP's mandate to be at the forefront of learning and advanced education, the University became convinced about the financial services industry's need for a master's program in finance.

In June 1995, with the strong representations from prospective students and finance practitioners, UP finance faculty members conceptualized and designed a master's program in finance. This proposal was later refined by the faculty of the Department of Accounting, Finance, Economics and Law, and by the business community. The latter group included officers and members of the Financial Executives Institute of the Philippines (FINEX) and the Bankers Association of the Philippines (BAP). Visiting professors from US and Canadian universities with which UP has academic linkages further reviewed the proposed program. All these inputs, taken together, led to the final design of the "MS in Finance Program."

In accordance with established processes in the University, the Program was approved by the faculty of the College of Business Administration (January 3, 1996), the University Council (April 15, 1996), and the Board of Regents (April 23, 1996).

Philosophy & Objectives

This Program's theoretical orientation is blended with a significant amount of attention for pragmatic application. Each course is structured around a theoretical framework and gives greater emphasis on current research and literature.

The Master of Science in Finance degree Program aims to prepare the student for a career in financial management, specifically to undertake the various financial management functions in managing financial institutions, as well as the functions of the financial manager or the treasurer in non-financial institutions. The Program also intends to prepare the student for responsibilities in regulatory and policy-making functions affecting financial markets and institutions.

To prepare the student for a finance career, he/she shall pursue studies that shall provide a solid foundation in finance and a mastery of the relevant literature, theory and application. The Program provides the student with a strong foundation on theory, principles, and concepts of finance. In addition, the student is introduced to analytical tools and perspectives that shall provide a firm basis for financial decision-making. The Program has rigorous course requirements and demands high levels of energy and commitment from the student. The student shall work in depth in each course through proper balancing of finance theory and research literature (on one hand) with the practical aspects of financial management (on the other). Empirical research work shall be combined with the case-study approach.

Although anchored on concepts, theories, tools and techniques, the Program has a decision-making orientation because it is dedicated to the development of the managerial manpower for the finance sector.

The target students are those performing (or who shall perform) key managerial functions in firms in the financial services sector, or their counterparts in the non-financial sectors (particularly those performing finance and treasury functions) and in government.

The required skills and knowledge for finance practitioners appear to be the following:

1. Finance management of banks and other financial institutions.

2. Corporate financial management.

3. Familiarization on:

a. the financial services sector;

b. traditional financial markets (money and capital market) and non-traditional markets (warrants, options and futures);

c. regulatory, fiscal and monetary policies as they affect the sector;

d. key securities/documents that are the subject of transactions in the sector.

4. International finance (the system's linkage with external financial systems).

Admission Requirements

The Program only admits new students to start in June.

The basic prerequisite for admission is a four-year bachelor's degree, or its equivalent. No preference is given to business degree holders. Applicants with substantial work experience are generally preferred. Those who are fresh out of College are not admitted.

All local applicants are required to take the CBA Graduate Programs Admission Test (GPAT) consisting of logic, reading and quantitative exams administered before Program opening. In the case of foreign applicants, the Graduate Management Admission Test (GMAT) may be taken in lieu of the GPAT. Applicants from non-English speaking countries are required to submit a TOEFL test score. GMAT and TOEFL scores that are more than five years old are not acceptable.

However, all admitted applicants are expected to acquire (if not yet present) a minimum level of proficiency in accounting, statistics and mathematics. For this purpose, the Program offers workshops or noncredit courses before school opening for those whose backgrounds show deficiencies in these areas. Students are expected to be proficient in using computers. Admitted applicants from non-English speaking countries may be required to complete an intensive English course prior to the Program opening.

Considering the knowledge and skills requirements described in the preceding section, the minimum level of proficiency in the following areas should be present prior to entry to the Program.

1. Accounting (fundamentals);

2. Quantitative Methods (basic statistics and mathematics); and

3. Computer Literacy.

Prior background in economics and business law is desirable, but not necessary for entry, as these will be taken up in the core courses.

REQUIREMENTS:

1. Accomplished Application Form

2. Original Transcript of Records

3. NSO Birth Certificate (photocopy)

4. Certificate of Employment

5. 2 x 2 photo (2 copies)

 

 

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Last modified: 04/04/14