Course description

The program requires successful completion of 90 ECTS (European Credit Transfer System) units and is structured as follows:



Orientation Week

1. Program Review: Regulations, Policies, and Procedures
2. Team and Community Building
3. Business Communication
4. Financial Software

Core Courses (sequence to be specified):

  1. Introduction to Quantitative Methods
  2. Principles of Finance
  3. Financial Econometrics
  4. Corporate Finance
  5. Financial Economics
  6. Investments
  7. Financial Markets and Institutions
  8. Risk Management
  9. Financial Reporting and Analysis
  10. Empirical Asset Pricing
  11. Governance and Regulation
  12. Investment and Commercial Banking

Elective Courses

Students opt for three elective courses following successful completion of the core courses. The list of possible electives offered may change based on student interests and faculty availability.

  1. International Finance
  2. Active Portfolio Management
  3. Islamic Banking and Financing
  4. Behavioral Finance
  5. Actuarial Science
  6. Options, Futures, and Other Derivatives
  7. Data Analytics

A two-week residency at the National Bank of the Republic of Kazakhstan in Almaty

In order to link the academic learning to the challenges of real-life situations in financial institutions in the Republic of Kazakhstan, students will participate in a 2-week residency at the National Bank of the Republic of Kazakhstan in Almaty. A study program will be organized by the National Bank of Kazakhstan in which experts and managers of financial institutions and organizations, as well as representatives of the regulator of the financial markets will be actively involved.
Students will be required to complete assignments and present findings and recommendations to senior management during the residency with the National Bank and its affiliates. Also they will visit the head offices of these organizations to meet experts, hear presentations, observe work processes, and to help build their professional networks so that they can begin thinking about various career paths, elective course choices, thesis project ideas, and career opportunities they may pursue upon completion of the program.

A two-week international residency for Global Business Experience

In order to link the academic learning to the challenges of real-life situations in the international environment, students will undertake a 2-week trip to one of the global financial centers hosted by an international partner. Students will visit financial companies and events designed to help build practical knowledge and network. In addition to completion of one core course in the curriculum, a few practitioner classes will be delivered by finance professionals to equip the students with relevant tools and deeper insights that relate to their area of specialization.

Master’s Thesis

Students must complete and submit an approved team project under the guidance of a faculty advisor, followed by an oral defense. Completion of the team project involves data collection and analysis, structuring the explanation of the analysis, and providing and defending a specific recommendation to address a clearly defined research problem.

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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 Forbes.kz 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 Zakon.kz looked into their peculiarity and applied orientation.

Last News

On April 20, 2019 the Nazarbayev University Graduate School of Business hosted the fourth meeting of the International Advisory Board, established at the initiative of the school leadership and designed to contribute to achieving its strategic aims.
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
Dear students, faculty and staff, Nazarbayev University Graduate School of Business invites you to Research Seminar “Acquiring organizational identity through international talent attraction in french tech startups” by Dana Abeuova, PhD Candidate, ESCP Europe WHEN: Monday, April 15, 12:30 – 13:30 WHERE: Block C3 (GSB/GSPP Building), 3rd floor ABSTRACT: The article explores the phenomenon of […]

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 […]