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MSc in Finance

The NUGSB Master of Science in Finance program (hereinafter – MSc in Finance) is a specialized, quantitative course of study for highly motivated individuals seeking a career in the field of finance. The MSc in Finance program will equip young professionals with the knowledge


We are delighted to announce that in order to participate in the selection process to study the MSc. in Finance (program) applicants can provide GRE/GMAT results or take ALEKS test administered by the School on appointed days for each round. 

To register for the ALEKS, applicants must select a date (one from their application period) in their application form on our application portal.

GRE/GMAT test reports shall be sent online by the official test administrator directly to the Nazarbayev University using institutional Code: GRE-6496, GMAT- H6m-R7-93.

Please note that there are GRE and GMAT available online worldwide.

You can register for:

1. GRE General test HERE.

2. GMAT online HERE.

Our admissions team is currently operating remotely. Please send your questions via email or using the form available here. You can also reach us at +7 7172 709028, 705742, 709332.

We are looking forward to receiving your applications for 2022 Intake.

an undergraduate degree (Bachelor’s degree or equivalent) a minimum GPA of 2.67 out of 4.00 on at least one of the applicant’s degrees (bachelor, master or PhD) IELTS test score of minimum 6.5, or the equivalent TOEFL. The TOEFL equivalent must be determined by the Admissions Committee according to the conversion table posted on the ETS website or through another official source. Reading, listening and speaking sub-scores must be no less than 6.0. The writing sub-score also should normally be around 6.0. GMAT/GRE

The Admissions Committee will not consider incomplete applications.

Applicants to the M.Sc. in Finance program, at the discretion of the Admissions Committee, may be exempted from submitting the language proficiency test report if: one of their earlier academic degrees was earned in a country with English as the language of official communication, academic instruction and daily life; an undergraduate degree was earned in a program which was officially taught in English; the applicant is a graduate of Nazarbayev University; an applicant is determined to be a native speaker

In order to demonstrate strong quantitative skills, candidates should take the GRE or GMAT standardized test. To learn more about each test please visit GMAT/GRE Guide here. All applicants have to provide the GRE or GMAT test results before the deadline

Applicants who obtained their degree diplomas/certificates from foreign educational institutions must request their official (original) transcripts to be sent directly by post to the Admission department of Nazarbayev University.

We prefer that recommendation letters come from a current or former employer. An applicant may also request letters from individuals with whom they have had significant professional/academic interaction such as a supervisor, professor or a major client. It is important for referees to be able to reflect/describe applicant’s value as an employee, his/her professional accomplishments, and personal qualities and interpersonal skills in an organizational context. We do not accept recommendation letters from friends, family members or any other personal contacts. An applicant should indicate contact details (name, corporate email, phone numbers) of their referees in the application form. The recommendation forms are automatically generated by the admissions system and sent to the referees via email. The recommendation forms should be filled in and emailed to with indicating the applicant’s name in the title.

The Program is intended for early to mid-career individuals with demonstrated quantitative skills who have no work experience, and young professionals with limited work experience seeking to specialize in the field of Finance.

All shortlisted candidates will be interviewed by Admission Committee. To learn more about the preparation of the interview here

No, we do not accept transfer credits from other schools.

Admission is restricted to one NUGSB program, which means that individuals interested in pursuing graduate level education in a business program offered by NUGSB must carefully read the program descriptions and decide which program is most suitable for them in helping them to realize their career goals. Upon review of applicant files, the Admissions Committee reserves the right to interview an applicant to explore whether or not another NUGSB program may better fit with his/her profile and career objectives.

NUGSB offers limited number of scholarships that cover from 50% to 100% of the tuition fees. Regarding the tuition fee per semester, please contact Admissions department directly.

An applicant may request a one-year deferral which could be approved or rejected at the discretion of the Admissions Committee. Deferred admission can be recommended for 1 (one) academic year by the Admissions Committee. Deferred admission allows a student to be considered for enrollment to a Program next year based on last year application but does not retain earned funding (if any). To participate in the allocation of funding for the next academic year, this student will need to submit a new application and participate in grant distribution with new pool applicants next year.

You can access free trial on ALEKS test website: or purchase a monthly subscription: The section we require is Essential Math Skills for Business.

You can find instructions for the ALEKS test here.

You can find topics of the ALEKS test here.

There is an opportunity to retake the ALEKS test one time only. The retake cost is -10 000 KZT