Introduction The Department of Finance is one of the four teaching departments in the University of Dar es Salaam Business School

(UDBS). The department prepares students for careers in finance and banking related areas including corporate finance, banking, insurance, financial management, microfinance, banking and social security. The department offers a number of course and programmes at both undergraduate and postgraduate levels. Members of the department are also involved in a number of research and consultancies as well as provision of public services such as serving in various boards of directors of public and private entities. Undergraduate Programmes Two specializations are offered for undergraduate students: B.Com Finance (Corporate Finance specialization) and B.Com Finance (Banking specialization). Like other specializations in the 3-year BCom degree programme, students start to specialize in their second year of study. Students majoring in Finance are expected to have performed well in Accounting and Quantitative related courses. Good analytical skills and a fairly good command of the worldview are also expected. From the 2009/2010 academic year the specializations will be changed to degree programmes. This also marks a departure from the current practice where all students are admitted in, and graduate with BCom degree. Admissions and graduations will be for BCom in Finance and BCom in Banking and Financial Services. Admitted students have opportunity to concentrate in a number of areas through guided baskets as follows: Bcom in Finance (with concentrations in Corporate Finance, Financial Markets, Leasing and Public Finance) Bcom in Banking and Financial Services (with concentrations in Banking and Social Security)

Specialized courses offered to undergraduate students in the new programme include: Principles of Microeconomics Principles of Macroeconomics Principles of Finance Financial Management Introduction to Financial Services Bank Operations Money and Capital Markets Microfinance Leasing Management Personal Finance Risk Management and Insurance Investment Analysis Financial Analysis Security Analysis and Portfolio Management Law Related to Banking and Financial Services Bank Financial Management Advanced Security Analysis and Portfolio Management Lending Management Treasury Management International Business Finance Development and Investment Banking Financial Management Special Topics Legal Issues on Leasing Governmental and International Leasing Postgraduate Programme The department offers a number of finance related courses in programmes offered by the school including Masters of Business Administration (MBA), Postgraduate Diploma in Entrepreneurship and Enterprise Development (PGDEED), and Masters in Entrepreneurship and Enterprise Development (MEED). Other programmes are the NetTel Africas Postgraduate and Masters in ICT Policy and Regulations and the Postgraduate in Microfinance. For the MBA students specializing in finance take specialization course as well as do their dissertation in finance related area. Currently the requirement is four courses but this is to be increased to at least seven. Specialized courses

offered to postgraduate students in the department include: Financial Management Financial Analysis Financial Institutions and Markets Investment Analysis and Portfolio Management International Business Finance Advanced Corporate Finance Financial Planning and Analysis Micro Finance Monetary Theory and Policy Cost Benefit Analysis Public Finance Management of Financial Intermediaries Financial Derivatives Personal and Social Security Finance Current Issues in Financial Management Career and Employment Prospects Graduates in the specializations offered by the Department of Finance have career opportunities in the financial services sector (banking, insurance, social services), the public sector and the corporate world in general. Some of our graduates have climbed the career ladder to the positions of Chief Executive Officers and Directors of Treasury in banks, and Directors of Finance. Others have branched off to other areas including accounting and consultancy while some have gone into self employment. Cursory observations and anecdotal evidences for the past few years suggest that nearly 60 percent of graduates from the Department secure employment within three months of graduation.

New Programmes and the Future The department, as well as the School as a whole, regularly review courses and programmes to reflect changes in the domestic and global environment. Currently the department is spearheading effort to launch the following: Institute of Insurance and Risk Management (IIRM) to offer insurance and risk management courses at certificate, diploma and degree levels. Among the proposed programmes are Certificate in Insurance, Diploma in Insurance and Risk Management, Bachelor of Sciences in Actuarial Sciences and Bachelor of Commerce in Insurance Risk Management The Banking Academy to offer academic and professional programmes in banking field at certificate to postgraduate levels. Specialized Masters Degrees: MSc (Finance) and MSc (Development Finance) STUDENT ORGANIZATIONS Almost all students taking Finance courses are members of the Dar es Salaam University Finance Association (DUFA). The head of the Department is the internal adviser while the Patron is usually from outside the University. Currently the Patron is the Managing Director of CRDB Bank Plc.

Staff Position and Expertise The department boasts of members of staff with wealth of expertise and experience in teaching, research and consultancy. The core areas include corporate finance, economics, financial markets, banking, microfinance and risk management. Name Dr. E. J. Minja Dr. M. M Chijoriga Prof. E. S Kaijage Dr. D. R. Lwiza Dr. E. Ishengoma Dr. M. D. Baisi Lic. E. R. Mduma Mr. T. A. Swai Mr. R. Renald Mr. E. Mkwizu Ms. N. Mori Mr. M. Ilomo Core Areas Financial Markets, Monetary Economics, Corporate Finance Financial planning, Financial institutions Corporate Finance, International Finance Banking, Financial Markets, Corporate Finance Microfinance, Economics Corporate Finance, Microfinance Risk Management, International Finance Banking, SME Financing, Leasing Financial Markets, Economics Banking, Project Management & Microfinance Microfinance, Financial Institutions International Trade and Finance

Department of Finance
UNIVERSITY OF DAR ES SALAAM

BUSINESS SCHOOL
University of Dar es salaam

Contacts The Head, Department of Finance, University of Dar es Salaam Business School, Room 204, UDBS Building, Mlimani Campus P.O. Box 35046, Dar es Salaam, TANZANIA Telephone: +255 22 2410 257 or +255 22 2410 500-8 Ext 2560 Fax: +255 22 2410510 Email: finance@udbs.udsm.ac.tz Website: http://www.udbs.udsm.ac.tz/finance