Masters Decision-Making

Masters in future studies

MPhil in Futures Studies

MPhil in Futures Studies

Applications close 12 December

  • Blended
Course Overview
Course starts February 2020
Application closes December 2019

The MPhil in Futures Studies is a 2-year programme that will grow your knowledge and understanding of futures concepts and tools so that you are able to perform your duties as a professional futurist responsible for strategising and planning. You will acquire the skills to understand local and global issues, and also understand their impact on your and your clients’ strategies.

Application closes

South African students: 12 December 2019
ARPL applicants: Applications closed
Students from SADC countries: Applications closed
Students from rest of world: Applications closed

 

CLASSES
6 February – 1 October 2020 (Thursday evenings)
YEAR 1
Complete 5 core modules on-campus or via online classes
YEAR 2
Complete the research assignment
PROGRAMME HEAD
Professor André Roux

Professor André Roux is the programme head of USB’s Futures Studies programmes. His areas of expertise are Management Economics and Futures Studies. He holds a PhD from Stellenbosch University. He lectures on Economics and Futures Thinking at USB, in other African countries and in Europe. In 2016 and 2017, he won the Best Lecturer Award in Stellenbosch University’s Faculty of Economic and Management Sciences.

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

  • These are the 2020 provisional tuition fees.

 

Programme fees for 2020 2020 (1st year) 2021 (2nd year) Total Provisional Quotes
Students from South Africa R96 085 R77 058 R173 143 Request Quote
Students from Southern African
Development Community (SADC) countries
R100 355 R81 328 R181 683 Request Quote
International students from the
rest of Africa (non-SADC)
R105 125 R86 098 R191 223 Request Quote
International students from
the rest of the world
R130 195 R111 168 R241 363 Request Quote
Deposit payable
on acceptance of admission for 2020
Students from South Africa R12 600
Students from SADC countries R50 178
International students
from the rest of Africa (non-SADC)
R52 563
International students
from the rest of the world
R65 098
Application fee for 2020
Application fee (non-refundable;
applicable to all students)
R800

 

Overview

The MPhil in Futures Studies builds on the concepts introduced in the Postgraduate Diploma. The content of the programme is aligned with the professional and intellectual skills required of futurists. You will, among others, acquire consultation and facilitation capabilities, and learn how to manage projects and do stakeholder analysis, environmental scanning, scenario planning and strategic planning.

Core Modules

This programme consists of 5 modules:

  • Scanning the Environment
  • Demography
  • Technology Futures
  • Applied Futures Studies
  • Quantitative and Qualitative Futures Studies Methods

Research assignment

You need to complete a research assignment during the second year of enrolment which counts for 80 of your total course credits. This assignment gives you the opportunity to apply the knowledge and skills you have acquired to a field of your choice.

USB’s internationally accredited MPhil in Futures Studies builds on the School’s Postgraduate Diploma in Futures Studies to deepen your understanding of futures concepts and futures tools. It is aimed at anyone who wants to bring about a more desirable future by equipping decision makers and strategic planners with the essential skills to make strategic long-term decisions. This will allow them to deal with rapid and complex changes both locally and internationally.

Complete and pass USB‘s Postgraduate Diploma in Futures Studies with an average of at least 65%.

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

Class Profile 2018

Less than 2 years
3-6 years
Unknown
25-30 years
31-36 years
37 years and older
Commerce
Arts & Humanities
Engineering
Natural & Physical Science
Unknown
Law
Information Technology
Black African
Coloured
Indian
White

Futures Studies will typically benefit strategic planners, decision makers, managing directors, CEOs and others involved in long-term planning. These programmes will prepare you for senior-level positions in public and private corporations, in government, financial institutions and global institutions.

  • You will significantly enhance your decision-making and strategy-setting skills because you will have an understanding of the forces and trends that shape the future.
  • You will enhance your understanding of the complexity of global change, including its rapid pace and impact on Africa, and also on your or your clients’ organisations.
  • You will acquire the professional and intellectual skills needed to become a professional futurist.
  • You will be able to build a career path leading to senior management positions in a range of private and public sector institutions.

Testimonials from our alumni

Liz Hillock, Postgraduate Diploma in Futures Studies 2014, has subsequently completed her MPhil in Futures Studies,

‘I found the PGDip in Futures Studies incredibly rewarding. Although it is part of the Business School, the course itself is interdisciplinary. It not only helped me in aspects of my job but, more importantly, it has enabled me to see the world at large with fresh eyes.’

Isaac Nkama, Director at Facilitation Africa, PGDip and MPhil in Futures Studies,

‘In a rapidly changing world, the ability to interpret and influence your environment can make the difference between securing your relevance in tomorrow’s world – or an irreversible error for your organisation’s future. This multidisciplinary programme is for those who recognise that the globalised and highly dynamic world is no longer business as usual, and who want to stay ahead by strategically shaping today’s developments for tomorrow’s success.’

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FAQ’s

If you play a role in the direction of a business, the decisions you make must be aligned with where the business world is going. Futures Studies will enhance your understanding of possible changes in the long-term future and equip you with the correct methods to respond accordingly.

This programme is conducted over a two year period.

The closing dates for each programme appear on the web page for that programme. In general, the closing dates for foreign applicants from non-SADC African countries and rest of world close approximately three months prior to the closing date for applicants from South Africa and (visa-exempt) SADC countries.

Obtaining a study permit (study visa) from the South African authorities takes up to 12 weeks from the date of being offered a place on a programme at USB – hence the early application deadline for foreign students.

ARPL candidates (all programmes) need to apply by 30 October each year. Late applications after the closing dates will only be considered in exceptional circumstances.

The course content is presented through a series of lectures and workshops, delivered in blended learning format. With blended learning you can choose between on-campus classes and online classes. This makes the programme convenient and accessible for busy business people and executives. It also means you can study while you work. Students have to be thoroughly prepared for blended learning lectures so as to extract optimal benefit from contact sessions.

For the course-based part of the programme, you can choose between attending weekly classes (4-hour classes) on campus or, alternatively, downstreaming the classes by logging in and participating online using your own computer or device.


masters in development finance

MPhil in Development Finance

MPhil in Development Finance​

Applications close 15 November

  • MPhil in Development Finance Intake 1
  • MPhil in Development Finance Intake 2
Course Overview
Course starts March 2020
Application closes November 2019

If you want to make it your life’s work to help unlock Africa’s growth potential, the MPhil in Development Finance will equip you with critical skills to become a specialist in this area. You will gain an understanding – on a Master’s level – of the complexities of the different development finance resources available to poor countries, especially in Africa. You will also acquire the skills to help formulate and implement policies in this field. This will enable you to take on senior positions in the financial industry and in policy-making and regulatory institutions.

Application closes

South African students: 15 November 2019
ARPL candidates: Applications closed
Students from SADC countries: Applications closed
Students from rest of world: Applications closed

YEAR 1
2 blocks
Block 1
02 – 14 March 2020
Block 2
24 August – 5 September 2020
Course Overview
Course starts 23 March 2020
Application closes November 2019

If you want to make it your life’s work to help unlock Africa’s growth potential, the MPhil in Development Finance will equip you with critical skills to become a specialist in this area. You will gain an understanding – on a Master’s level – of the complexities of the different development finance resources available to poor countries, especially in Africa. You will also acquire the skills to help formulate and implement policies in this field. This will enable you to take on senior positions in the financial industry and in policy-making and regulatory institutions.

Application closes

South African students: 15 November 2019
ARPL candidates: Applications closed
Students from SADC countries: Applications closed
Other international students: Applications closed

YEAR 1
2 blocks
Block 1
23 March – 04 April 2020
Block 2
28 September 2019 – 10 October 2020
PROGRAMME HEAD
Professor Michael Graham

Professor Michael Graham received his PhD from the University of Vaasa, Finland, and was an Associate Professor of Finance at Stockholm Business School in Sweden before being appointed as Professor in Finance at USB. His research interests are in corporate finance, corporate governance and financial markets.

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

  • These are the 2020 provisional tuition fees.
Programme fees for 2020 2020 2021 Total Provisional Quote
Students from South Africa R91 220 R91 220 R182 440 Request Quote
Students from the Southern African Development
Community (SADC) countries
R95 490 R95 590 R190 980 Request Quote
International students from the rest of Africa (non-SADC) R100 260 R100 260 R200 520 Request Quote
International students from the rest of the world R125 330 R125 330 R250 660 Request Quote
Deposit payable on acceptance of admission for 2020
Students from South Africa R12 600
Students from the SADC countries R47 745
International students from the rest of Africa (non-SADC) R50 130
Students from the rest of the world R62 665
Application fee for 2020
Application fee (non-refundable; applicable to all students) R800

 

Overview

If you want to make it your life’s work to help unlock Africa’s growth potential, this MPhil in Development Finance will equip you with critical skills to become a specialist in this area. You will gain an understanding – on Master’s level – of the complexities of the different development finance resources available to poor countries, especially in Africa. You will also acquire the skills to help formulate and implement policies in this field. This will enable you to take on senior positions in the financial industry and in policy-making and regulatory institutions.

Core Modules

The six core modules are compulsory:

  • Economic Development Perspectives in Africa
  • Issues in Banking and Finance
  • Microfinance
  • Project Finance
  • Public Policy and Leadership
  • Research Methods in Development Finance

Electives

The elective modules have been grouped together in specialization streams and students are expected to choose an elective from each group. Select any 3 electives from the following groups:

 

Group A: Environmental Finance; Infrastructure Finance; Public Sector Finance; Structured Finance

 

Group B: Agricultural Policy and Finance; Business Forecasting & Econometrics; Corporate Governance & Ethics; Food Security and Development in Africa; Leadership Development; Small Scale Enterprise Development

 

Group C: Development Project Management; Economic Diplomacy; Financial Sector Regulation and Development; Investment Promotion

Research assignment

Write a research assignment of 15 000 – 25 000 words on a development finance topic, preferably one that is of direct professional interest to you. You can work on your research assignment while you are doing your course work and electives.

The aim of this degree is to offer an internationally recognised academic qualification with content that is relevant in terms of Africa’s development needs. This critical-skills degree is designed to:

  • Fill the skills gaps in the financial industry and in policy-making and regulatory institutions in the development finance environment
  • Better understand the complexities of and manage the different development finance resources available to poor countries, especially in Africa
  • Understand the special problems of finance in developing countries and Africa in particular, and to acquire the skills to operate successfully and to make a meaningful contribution to policy formulation and implementation in this field.

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

  • An appropriate Honours degree (the first postgraduate degree after a Bachelor’s degree) or a 4-year Bachelor’s degree in business, finance, economics, accounting or commerce; OR
  • A 3-year Bachelor’s degree and a postgraduate diploma (120 SAQA credits) from a university or a university of technology in business, finance, economics, accounting or commerce; OR
  • A postgraduate degree in any discipline and appropriate experience in the area of development economics and/or finance; AND
  • A sound understanding of quantitative analysis – a good pass/grade for school-leaving mathematics is an advantage.
  • 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

IMPORTANT: The Bachelor’s or Honours degree must be on a level that is equivalent to the South African qualification. Local and foreign academic qualifications have to be at the NQF 7 level (old) or NQF 8 level (new). This implies that the qualification includes a module in Research Methodology and an individual research paper.

Assessment and Recognition of Prior Learning

USB provides wider access to its programmes through its Assessment and Recognition of Prior Learning (ARPL) process. In line with the requirements of the Council for Higher Education (CHE), USB may admit up to 10% of its student body under ARPL.

In order to be admitted to a Master’s programme at USB, candidates should be in possession of a relevant NQF 8 qualification, such as an Honours degree, 4-year in-depth Bachelor’s degree or a postgraduate diploma.

Candidates who wish to be admitted under the ARPL policy will firstly have to submit all the documentation and tests as required for all prospective students. In addition, prospective students applying for a Master’s degree at USB have to adhere to the following:

  • Have at least an NQF 6 qualification.
  • Have at least SIXyears of working experience after obtaining the qualification mentioned in 1, of which at least THREE years should have been in a management or related professional position.
  • Submit a comprehensive CV, indicating detailed areas of responsibility as well as information on activities outside the work environment.
  • Write an assignment of 10 to 15 pages (11-point font size with 1.5 spacing) on a topic supplied by the programme head. The assignment must contain a signed declaration of own work.
  • Provide USB with at least two references (typically current or former line heads) who can testify about the candidate’s managerial or related professional These references will be required to give a detailed personal reference about the candidate on forms provided by USB.
  • Next, USB’s Admissions Committee (head of the programme and another academic) will conduct an in-depth interview with the candidate.
  • If the Committee is of the opinion that the candidate has the abilities to cope with the demands of the MDevF programme, he/she may be admitted.
  • A recommendation of admission is sent via USB’s Academic Planning Committee to the Board of the Faculty of Economic and Management Sciences for notification. ​
  • ARPL candidates need to apply by 30 September each year to allow sufficient time for the assessment process.

Class Profile 2018

Under 25 years
25-30 years
31-36 years
37 years and older
Less than 2 years
2 years
3–6 years
7–11 years
12 years and more
Unknown
Black African
White
Coloured
Indian
Commerce
Law
Information Technology
Arts & Humanities
Engineering
Natural & Physical Science
Education
Unknown

If you work on a managerial level in a financial services environment, you should consider this qualification. This MPhil holds value for people like financial analysts and policy makers in the private or public sector who engage with macro, enterprise and sectoral finance and financial management issues with a focus on developing countries and emerging markets.

  • 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

Rutendo Change, 2015 MPhil Development Finance, Associate Consultant, ZIMBISA, Harare, Zimbabwe,

‘As a future policy maker, I needed a programme that would stimulate critical thinking about the continent’s development challenges and act as a platform for the exchange of ideas and solutions to improve opportunities for all Africans. I have started building networks in Southern, West and East Africa, a tribe of Africa’s future leaders committed to the advancement of the continent and its people. No other development finance programme is as committed to Africa as USB’s MDevF.’

Iesrafeel Jakoet, 2015 MPhil Development Finance, Chief Financial Officer, OIM Group, Cape Town, South Africa,

‘With USB’s rating as one of the top three business schools in Africa, it was the obvious choice for me. I chose the MDevF to challenge myself on a professional and personal level. It broadened my knowledge base and gave me a different perspective on the challenges faced by the African continent. I’ve met some extraordinary people on this programme and it has made me realise the importance of a strong network of leaders who, together, can deal with the unique challenges of our continent.’

Elton Jangale, 2015 MDevF, Partner, PFI Partnerships (Public-Private Partnership Practitioners), Blantyre, Malawi; Board Director, Malawi Stock Exchange; Board Director, Malawi Revenue Authority,

‘I enrolled on MDevF to enhance my skills as a PPP practitioner. The MDevF, its experienced professors and diverse students challenged me to take a broader view of Africa’s sustainable economic development. I have now become a Development Practitioner playing various roles in promoting the economic development of Malawi and SADC.’

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FAQ’s

Not necessarily. The Postgraduate Diploma in Development Finance is a natural feeder to the MPhil. In extreme situations we accept exceptional candidates as RPL candidates.

Yes, you can apply through Assessment and Recognition of Prior Learning (ARPL).

Candidates who wish to be admitted under the ARPL policy will firstly have to submit all the documentation and tests as required for all prospective students. In addition, prospective students applying for a Master’s degree at USB have to adhere to the following:

  1. Have at least an NQF 6 qualification.
  2. Have at least SIX years of working experience after obtaining the qualification mentioned in 1, of which at least THREE years should have been in a management or related professional position.
  3. Submit a comprehensive CV, indicating detailed areas of responsibility as well as information on activities outside the work environment.
  4. Write an assignment of 10 to 15 pages (11-point font size with 1.5 spacing) on a topic supplied by the programme head. The assignment must contain a signed declaration of own work.
  5. Provide USB with at least two references (typically current or former ine heads) who can testify about the candidate’s managerial or related professional abilities. These references will be required to give a detailed personal reference about the candidate on forms provided by USB.
  6. Next, USB’s Admissions Committee (head of the programme and another academic) will conduct an in-depth interview with the candidate.
  7. If the Committee is of the opinion that the candidate has the abilities to cope with the demands of the MDevF programme, he/she may be admitted.
  8. A recommendation of admission is sent via USB’s Academic Planning Committee to the Board of the Faculty of Economic and Management Sciences for notification.  
  9. Note that ARPL candidates need to apply by 30 October each year to allow sufficient time for the assessment process.

Yes. For South African students, 75% of the annual fees are payable by the end of May and the balance of 25% by the end of September. Foreign students, however, need to pay the full programme fee prior to or upon registration.

USB supports the principle of recognition of prior academic learning, although this is only applied in very selective instances, because group work and collaborative learning are cornerstones of the USB MBA. To obtain an MBA degree at USB, a student must be registered at Stellenbosch University for at least two years and at least 50% of the credits have to be obtained at this University. A student who has been admitted to the MBA programme may apply for accreditation of prior learning, provided that it was obtained on another MBA programme. Students wanting to apply for accreditation of credits obtained elsewhere need to supply:

  • An application which includes full course outlines, number of SAQA credits, learning outcomes, number of class contact hours, prescribed textbooks, method and weights of assessment, and outcomes or topics per class session.
  • Additional work or assessments may be required.

Study Loans for students from West Africa: Guaranty Trust Bank Plc, with its headquarters in Lagos, Nigeria, has partnered with the USB to provide loan facilities for tuition expenses to USB students in West Africa. The MaxAdvance facility is a time loan or term loan that aims to meet a range of personal needs for students.