MarekAssociate Professor of Finance,

Academic Director of the MSF Program  

Graduate School of Business, Nazarbayev University

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Dear potential applicant to the MSF Program,

On behalf of Nazarbayev University Graduate School of Business I welcome you to the Master of Science in Finance admission portal. You are just steps away from making an important, life-changing decision: To apply for the MSF Program at Nazarbayev University!

Our graduate program in finance opens an exciting new world of career and business opportunities: careers in finance are prestigious, intellectually stimulating, varied (there are many different career paths, sectors, industries and jobs which a financial expert can pursue), and satisfying (provide interesting work as well as good compensation). Kazakhstan’s financial sector has a great growth potential stemming from the country’s continuing commitment to economic reform and globalization. Successive waves of privatization, establishment of the AIFC (Astana International Financial Center), and continuing banking and legal reform will lead to an increased demand for finance professionals in the near future.


The core of finance is to understand value creation. Successful companies create value through good investment and financing decisions. Investment decisions are about how (on which projects) to spend money; financing decisions about how to raise this money. Finance experts can work in a company as a CFO, treasurer, chief accountant etc., thus focusing on Corporate Finance; such person evaluates a company’s projects and financial consequences of managerial decisions from the inside. Or, they can work as asset managers, investment bankers, or consultants, focusing on Investment; they evaluate other companies and their projects from the outside. Apart from these two main fields of finance, one could mention complementary fields such as risk management and financial engineering, mathematical finance, banking, and specialty fields such as insurance and real estate. Besides working in the private sector, there are finance jobs in the government and public sector, supranational organizations, and quasi-government organizations. One can also aspire to set up a business and become a private investor or financier.

Finance is not only about numbers, but inevitably deals with numbers. Good quantitative skills and sound logic and intuition (on the level of GMAT/GRE) are prerequisites to understand the mathematics behind finance. Calculations are performed in a spreadsheet (Excel) or in specialized software (Matlab, STATA, SAS, R). Other “hard skills” of a finance graduate are quantitative methods, statistics, econometrics, accounting, and economics. We also pay attention to “soft skills”: team work, communication, presentation skills, entrepreneurship, and leadership – qualities that set people for success and enable them to pull others with them. Finally, we care a great deal about ethics, which is a key to make sure that our graduates not only benefit themselves, but contribute to the society.

The MSF Program at Nazarbayev University is partially sponsored by the National Bank of the Republic of Kazakhstan. The National Bank’s role is to facilitate the upbringing of a new generation of financiers, finance experts and innovators, who will become the leaders in the field and will contribute to the country’s economic reform. The students who are selected for the National Bank scholarship will have a unique opportunity to work at the National Bank, at one of its departments, with the potential of a fulfilling career in an institution which is central to economic and financial regulation in Kazakhstan.

Our ultimate goal is to provide world class financial education comparable to the best MSF programs globally. The top quality international faculty and the resources of Nazarbayev University, together with you, a highly-motivated candidate seeking intellectual challenge in the program and an exciting career afterwards, will make it possible. We look forward to see you in the classroom!


In the Press

You are worth exactly as much as your connections. It has long been known - the more people have great connections, the easier it is for them to solve problems.
The main task of modern business is to be aware of new trends and respond quickly to changes. And this applies to all aspects of business, including personnel development. Why it is important for businessmen to get new knowledge in a timely manner and why companies need to invest in human capital, in interviews said Erken Turganbayev, Director of programs for executives of NUGSB.
A university professor should not only be demanding and able to explain his subject, but also have relevant information. Publications in well-known scientific journals are considered to be the main indicator of this relevance in the scientific community.
NU School of Business started admission for the year 2019 for MBA program, MBA program for managers and MSc in Finance (Master of Science in Finance) program. The correspondent of looked into their peculiarity and applied orientation.

Last News

Nazarbayev University Graduate School of Business invites you to Research Seminar “Africapitalism, MNEs, and the Sustainable Development Goals in Africa” by Kenneth Amaeshi, Chair in Business and Sustainable Development and Chair of the Sustainable Business Initiative, The University of Edinburgh
On April 25, 2019 NU Graduate School of Business hosted a BUSINESS TALK & COFFEE networking workshop: “How to develop creativity and innovation in organizations?” by Dr. Cinzia Colapinto.
On April 20, 2019 Nazarbayev University Graduate School of Business held the GSBNU Alumni Reunion. This year Alumni Reunion was represented by a 1-day weekend program (Official part and Dinner).
Finance Research Symposium features discussions and talks by academics, practitioners and policy makers in Finance and Economics around a three  different themes «Financial Econometrics and Statistics; Behavioral Finance and Economics; and Capital Markets and Monetary Policy» held at Nazarbayev University on 18-19 April, 2019. The Financial Research Symposium aimed to bridge the gap between the […]

Upcoming Events

A two-day Research Symposium about Finance and Economics will take place at Nazarbayev University Graduate School of Business on April 18-19, 2019.
We invite you to the master class “How to develop creativity and innovation in organizations?” by Dr. Cinzia Colapinto on April 25 at 6:30 pm
Come to NUGSB on February 16, 2019 to attend free master classes during the Open House Day! The registration is closed.
Decision makers are surrounded with concepts and terminology from financial accounting: gross profit margin, operating cycle, liquidity, solvency, and numerous others. This course provides an applied introduction to the key topics in financial accounting and financial statement analysis. In the process, we will also introduce concepts and terminology of finance. As a result, program participants […]