The Department of Finance


Mrs Asmeralda Chivore : Chairperson

Landline: +2639282842 ext 2119
Mobile: +263773278594
Fax: +2639286803

Welcome to the Department of Finance at National University of Science and Technology. Over the years the department has been fast growing and dynamic consisting of active academics and students.  We are committed to academic and professional advancement and success of students seeking careers in finance and fiscal studies.

In today’s rapidly changing, global economy we are the only department in the country offering an undiluted programme in finance.  We are also the only department offering the Fiscal Studies programme. 

The Department has 15 academic members of staff and from time to time makes use of visiting academics.   The Department yearns to provide experts with leadership and entrepreneurial skills to serve public and private sectors at national and international levels.   

Programmes are offered at undergraduate, postgraduate and doctoral levels, supported by an excellent team of staff who work closely with students to provide a dynamic learning environment and a great student experience. 

Our vision is to adapt out programmes and course offerings to meet the needs of industry and society in a rapidly changing environment.  All programmes in the department prepare the student for more advanced professional work or schools and/or successful career.  The department’s programmes are most sought after with demand always outstripping the number of places available.

Programmes On Offer

Take a look at what we are offering you

Undegraduate Degree Programmes

Bachelor of Commerce Honours Degree in Finance (full-time and block-release)

Entry requirements

Normal Entry

Applicants should have passed at least 5 subjects at Ordinary Level including Mathematics and English; and, have good passes in at least two subjects at 'A' Level from Mathematics, Economics and Accounting, and any other commercial related subject(s) such as: - Mathematics, Economics, Statistics, Management of Business, Computer Science, Business Studies.

Special Entry

Applicants should have minimum of a National Diploma in Banking and Finance, Accountancy or recognised equivalent. 

Applicants who hold a Higher National Diploma in Accountancy, Banking and Finance, or an equivalent qualification from a recognized institution may be considered for direct entry into Part two of the degree programme provided necessary courses have been covered after mapping the passed courses with our programme. Special entry shall be in accordance with the General Regulations.

Mature Entry

Applicants who are at least 25 years old for men and 23 years for women on the day of academic year and not legible for entry under the normal entry requirements may apply for mature entry provided they have passed at least five approved 'O' Level subjects including Mathematics and English language,

Finance careers

The finance programmes offer rewarding careers as financial/investment analysts, advisors, consultants, entrepreneurs or researchers in the financial sector, money and capital markets, microfinance sector, treasury department of private and public sector, non-governmental organisations, research institutions and academia.  Graduates can also pursue professional programmes such as CFA, ACCA, or CA.

Financial Engineering careers

Typically as a multidisciplinary field, financial engineering provides an array of opportunities as quantitative financial analysts, investment managers, bankers or traders, financial risk managers, derivative analyst, project managers, product designers, financial regulators, algorithmic traders, and quantitative researchers for private and public corporations as well as at local, state and central governmental level as well as in international organisations. Most often graduates are engaged as lecturers at universities or may pursue professional programmes such as Chartered Financial Risk Engineers or Chartered Financial Analysts.


Postgraduate Degree Programmes (MSc)

MSc in Finance and Investment

To be considered for admission to the MSc programme, a candidate should, normally, hold a good Honours degree (at least 2.2 or equivalent) in Finance, Accounting, Economics and Banking, Risk, Insurance, Actuarial Science, or their equivalents.

In addition, applicants should have completed the following modules, or their equivalents, at undergraduate level: Accounting, Principles of Economics, and Quantitative Analysis for Business and Corporate Finance. 

Experience in financial markets will be an added advantage.

MPhil Programmes

Two-year MPhil programmes are available to research-oriented students.

  • MPhil in Finance and Investment
  • MPhil in Financial Engineering
  • MPhil in Fiscal Studies

PhD Programmes

  • PhD in Finance
  • PhD in Financial Engineering
  • PhD in Fiscal Studies

Our Activies

Popular research themes are:

  • Financial Innovation
  • Financial Markets
  • Asset Pricing
  • Development Finance
  • Risk Analysis and Management
  • Corporate Finance
  • Public Finance/Economics
  • Corporate Governance, Ethics and Integrity
  • Real Estate Finance and Investment
  • Financial Modelling and Engineering

The Department of Finance offers an eclectic collection of consultancy services in the areas of Finance and Investment, Financial Engineering as well as Fiscal Studies.  The services are directed toward the needs of both institutional and non-institutional (individual) clients.


Partnership with Zimbabwe Revenue Authority (ZIMRA)

Through a Memorandum of Understanding with ZIMRA, we collaborate in the development and implementation of the BCom and MSc Fiscal Studies programmes. 

Partnership with the Capital Market Industry

The Department is collaborating with players in the capital market industry (Securities Exchange Commission of Zimbabwe (SECZ), Zimbabwe Stock Exchange (ZSE), Financial Securities Exchange (Pvt) Ltd (FINSEC), CDC Group plc and ESCROW Systems) by providing 30 Part II students (mainly Accounting, Actuarial Science, Banking and Finance majors) to pilot the online trading platform for one month (from 1 to 30 June 2018) before the system is introduced to the general public. 

Partnership with Investment Professionals Association of Zimbabwe (IPAZ)

The Department is communicating with IPAZ to enhance and sharpen the investment profession through knowledge sharing and engagement.  Two main areas of cooperation are:

  • Providing information and advice on the way forward to achieve CFA Affiliation.

The Research Challenge, which is affiliated to CFA Institute and involves local and regional competitions, culminating with an international competition

  • NUST Investors Association (NIA): NIA is a student body that engages in academic, professional and social interaction within and outside the university.  Apart from inviting speakers within and outside NUST, the association arranged a trip to the Zimbabwe Stock Exchange on 17 November 2017.  In addition members had a fruitful visit to Sandra Jones Orphanage on 28 April 2018 where they donated various items and spent the day interacting with the children.
  • World Customs Day Activities: In collaboration with officials from ZIMRA and SFAAZ, each year on 26 January Fiscal Studies students join the world in commemorating the International Customs Day celebrations based on the WCO themes. 

Our Departmental Staff


Mrs A. Chivore

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A. Lugube

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Mr Mbedzi

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Mr N. Mungwini

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Chief Secretary

Ms P. Pawandiwa

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