PhD in Development Finance​

  • Research
Course Overview
Course starts 21 January 2019
Application closes 31 July

The focus of USB’s PhD in Development Finance is specialised research to support the growth agendas of South Africa and Africa. Doing research at PhD level will enable you to contribute to a crucial understanding of development finance. Advanced knowledge of development finance is typically required in senior positions in policy-making institutions, government, public and private corporations, financial institutions and international organisations. This is the first PhD of its kind on the African continent.

 

Year 1
2 blocks
Block 1
21 January – 1 February 2019
Block 2
06 - 17 May 2019
Following years
Full PhD registration awarded after completion of first year
PROGRAMME COORDINATOR
Ashenafi Fanta

Dr. Fanta holds a doctoral degree in Social and Economic Sciences (Corporate Finance) from Johannes Kepler University of Linz in Austria and Master’s degree in Accounting and Finance from Addis Ababa University in Ethiopia. Dr Fanta is multilingual and fluent in English, Amharic and Wolaitigna.

  • Structure & Content
  • Learning Philosophy
  • Admission Requirements
  • Fees

Overview

During the first year of this programme, you need to attend 2 blocks of 2 weeks each on the USB campus. During this time, you will acquire advanced research techniques and a thorough understanding of the theory and practice of development finance, allowing you to finalise a comprehensive research proposal. During the second and subsequent years, you will do supervised research, culminating in a PhD degree.

Core modules in Year 1

The three core modules are compulsory:

  • Advanced Research Techniques
  • Advanced Theory and Practice of Development Finance
  • Global Development Finance

Electives

Students who are not graduates of USB’s MPhil in Development Finance (MDevF) programme may be required to do three electives from the MDevF based on their areas of interest.

Research assignment

As a PhD student you will be expected to pursue supervised research, culminating in a doctoral dissertation which constitutes the examinable product for which the PhD degree is eventually awarded.

This PhD is intended to develop knowledge and skills in the field of Development Finance. The programme has been designed to help you develop the skills required to carry out advanced research and to equip you with a sound understanding of the principles and theories of development finance. The programme consists of:

  • A core curriculum in Year 1: This structured coursework component is non-credit bearing but you are required to pass the requisite courses and submit a comprehensive proposal before proceeding with the dissertation. You need to do three core courses at PhD level.
  • A research thesis from Year 2 onwards: As a PhD student you will be expected to pursue supervised research, culminating in a doctoral dissertation. This dissertation must:
    • Represent an original and significant contribution to
      the enrichment and advancement of knowledge on Development
      Finance
    • Demonstrate originality of thought, a theoretical underpinning, relevance to the discipline and rigour in execution
    • Create intellectual capital.

To apply for the PhD in Development Finance you must meet the following requirements:

  • A good master’s degree in Development Finance, Economics, Finance or allied field
  • A strong quantitative background.
  • International students require a SAQA evaluation certificate to evaluate your degree according to South African standards. In this regard please contact SAQA at saqainfo@saqa.org.za

  • These are the 2019 provisional tuition fees.

 

Programme fees for 2019 Total
Students from South Africa R116 500
Students from the Southern African Development Community
(SADC) countries
R124 680
Students from the rest of Africa (non-SADC) R133 680
Students from the rest of the world R133 680
Deposit payable on acceptance of admission for 2019
Students from South Africa R10 100
Students from the Southern African Development Community
(SADC) countries
R37 170
Students from the rest of Africa (non-SADC) R39 433
Students from the rest of the world R39 433
Application fee for 2019
Application fee (non-refundable; applicable to all students) R710

 

Download our Development Finance brochure

Class Profile 2018

3–6 years
7–11 years
12 years and more
Under 25 years
31–36 years
37 years & older
Black African
Indian
White
Other
Finance
Management
Strategy & Planning
Administration

You will benefit from this doctoral degree if you want to do specialised research to support the growth agendas of South Africa and Africa. You will gain a crucial understanding of development finance to apply in senior positions in policy-making institutions, governments, public and private corporations, financial institutions and global organisations.

  • You will be able to become a development finance practitioner and develop Africa where it matters.
  • You will be able to implement the design and financing of growth initiatives ranging from roads and energy plants to houses and hospitals.
  • You will gain an understanding of the structure of African economies and how financial markets contribute to development.
  • You will acquire the skills to make a meaningful contribution to policy formulation and implementation in this field.
  • You will be able to work in financial institutions such as banks and development finance corporations, and in policy-making institutions, governments, public and private corporations, and also global organisations.

Testimonials from our alumni

Dave Munro, Fund head, Vumela Enterprise Development Fund, Heidelberg, South Africa,

“I researched available Masters programmes in Development Finance globally, and USB provided the best combination of applied knowledge and research. It is a privilege for me to learn with such a diverse group of people in this field.”

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FAQ’s

A PhD enables you to solve a business problem in a structured way and to gain expertise – through in-depth research – in a particular field. PhD research undertaken at USB must also be meaningful because we emphasise the creation of knowledge that is particularly relevant to African organisations.

USB’s PhD may be described as a practice-based programme since knowledge is advanced partly by means of the professional application of the discipline. It combines scientific rigour and managerial relevance. Consequently, PhD students must be able to make a contribution to both science and practice. The outcome is applicable expertise. This kind of PhD will stand you in good stead if you want to work in industries focused on research and innovation, or at an academic institution.

A concept note is just the initial proposal with guidelines.  Once the initial research proposal is accepted, then a comprehensive research proposal is required.

The first year comprises of 2 blocks of 2 weeks each on campus. In view of the intensive nature of the programme, the USB prefers participants to be fully resident for the first year of the programme to enable them to cope with the rigours of the coursework. The lectures are organised in two blocks of two weeks each and they will take place between March and June every year. Each course is covered in a block and consists of highly interactive lectures, seminars and case discussions. A student who fails to complete the course work and the research proposal after the first year may be asked to withdraw from the programme.

Download our Development

Finance brochure