Academics | Faculties | FACULTY OF BUSINESS ADMINISTRATION & ECONOMICS | Masters | Master of Science - Business Strategy | NDU
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The MS in Business Strategy aims at providing aspiring candidates with a set of professional and technical skills allowing them to incorporate a strategic perspective in their business processes and solidly advance in their chosen pathway be it further studies or employment.

Total Credits
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September 2018
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Program Description

The Master of Science in Business Strategy is a specialized degree. It aims at providing students with a specialization in the field of Business Strategy. This program is designed to attract:

  1. 1.Financiers, bankers, investors, auditors and other finance/accounting/insurance professionals, preparing themselves for the next stage in their careers;
  2. 2.Fresh business and economics graduates preparing themselves to jump-start a career in financial risk management;
  3. 3.Professionals and business or economics graduates aspiring to pursue doctoral studies in financial risk management or any other subject allied to finance;
  4. 4.Professionals and graduates of other scientific disciplines, in particular, engineering and hard sciences, contemplating a move into the world of finance and risk management.


Program Goals and Learning Outcomes

General Attributes

Goal 1: Our students will be able to communicate effectively in written and oral forms:

  1. 1.Students will deliver professional business speeches and presentations;
  2. 2.Students will produce professional quality business papers.


Goal 2: Our students will integrate corporate social responsibility in their managerial thinking:

  1. 1.Students will include the corporate social responsibility concepts of a firm when analyzing business situations.

Specific Attributes

Goal 3: Our students will demonstrate strategic and analytical thinking abilities:

  1. 1.Students will analyze complex business problems and recommend optimal strategies;
  2. 2.Students will integrate a strategic perspective when analyzing business cases and will be able to formulate corporate, business and functional strategy.


Goal 4: Our students will be effective decision makers

  1. 1.Students will be able to assess business scenarios and make effective and efficient decisions.

Research Skills

Goal 5: Our students will develop research skills:

  1. 1.Students will be able to plan, develop, and write academic research and professional papers.

Admission Procedures and Requirements

The requirements for entry into the MS FRM program are:

  • Business and Economics Graduates:
    • An application form duly completed;
    • Two recommendation letters, one of which is from a university professor;
    • A GPA of 3.0/4.0 or its equivalent at the undergraduate level.
  • Other Discipline Graduates:
    • Same requirements as indicated above in addition to up to 18 credits of relevant undergraduate business courses.


Applicants from institutions where English is not the language of instruction, a minimum score of 600 in the English Entrance Test is required.

Credit Transfer

Up to 6 relevant master’s level credits can be transferred from other relevant master’s programs. Relevant programs include (list not exhaustive):

  • MS, MA, MPhil or MRes programs in Business/Management;
  • MS, MA, MPhil or MRes programs in Economics or Financial Economics;
  • MBA (with or without concentration).

Graduation Requirements

Students seeking the degree of MS FRM must complete a total of 30 credits on full-time or part-time basis with an overall average of at least 3.0/4.0.


Major Core Courses (12cr.)

Major Elective Courses (6cr.)

The choice of the major elective courses will depend on student interest; two courses from the following pool must be chosen:

Capstone Course (3cr.)

The capstone course utilizes the collective knowledge in the different functional areas in business to equip the student with the necessary skills he/she requires in crafting and implementing the strategic plan.

Research Component (9cr.)

The final phase of the MS program consists of writing a structured Master’s research thesis based on an approved research proposal preceded by a course that introduces students to quantitative and qualitative research methods.


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