Master in Banking and Finance


The MBF program is designed for the personal and professional development of graduates who are interested to work in accounting, strategy, finance and management fields. It is also appropriate for other professionals who desire to perform the role of financial management in government or non-government organizations.

The strategic financial management integrates the financial management function into business strategy and every other aspect of an organization's operation. Applying the strategic financial management knowledge and skills improves an organization's effectiveness and efficiency. 

Hence, in today's highly competitive business environment, both government and non-government organizations are increasingly putting more emphasis in this area to achieve their organizational objectives.


Student needs to complete 54 credits to be considered for the award of the degree. This can be obtained on two tracks:

    1.Thesis track – student takes 14 courses (42 credits), and writes a thesis (12 credits) that is then submitted in the official format. A final defense of the thesis is set with the presence of the official representatives from the Ministry of Education, Youth, and Sports (MoEYS).

    2.Non-thesis track - student takes 14 courses (42 credits), and in lieu of the thesis, takes

four more subjects (12 credits) one of which is a research report that is also submitted in the official format. Final submission of this report serves as the basis for the student to take the state examinations set by the Graduate School with official observers from the Ministry of Education, Youth, and Sports (MoEYS).

The GPA requirement in all courses must be met in both tracks.


This program is made available on weekends and weekdays.
1.    For weekends:    
         Saturday: 2:00-5:00 p.m.; and 5:15-8:15 p.m.
         Sunday:    8:00-11:00 a.m.; and 12:00-3:00 p.m. 
2.   For weekdays:
        Monday to Friday: 5:30-8:30 p.m.



Course CodeCourse Description / TitleNumber of CreditsTotal Number of Credits
Basic Courses12
GBF 101*Statistics3 
GBF 102*Research Methods3 
GBF 103*International Organizational Behavior 3 
GBF 104*Managerial Accounting3 
Major Courses18
GBF 205Banking Operations and Law**3 
GBF 313Capital Market and Fund Raising**3 
GBF 206Strategic Management3 
GBF 208*Financial Statement Analysis3 
GBF 209Bank Lending and Credit Administration**3 
GBF 210*Corporate Finance3 
Elective / Cognate Courses12
GBF 205*International Human Resource Management 3 
GBF 312*Investment Management3 
GBF 313*Risk Management **3 
GBF 314*Managerial Economics3 
Options for Thesis or Non Thesis Tract12
Option 1: For Thesis Tract
GBF 415AThesis Writing12 
Option 2: For Non Thesis Tract
GBF 415BFinancial Management Research Project 3 
GBF 416*Management Ethics 3 
GBF 417*Production and Operation Management 3 
GBF 418*Leadership3 
Total 5454


  • The first three letters of the Course Code represents the Master's Program/Degree
  • The first number of the Course Code represents the semester where such course is approximately offered  
  • The last two numbers of the Course Code represent the order of the subjects required to finish the said degree
  • Courses with * are common subjects for MBA and MDM
  • Courses with ** are subjects for State Exams
  • NUGS reserves the right to change some of these courses from time to time in order to provide its students with the kind of education that meets the need of Cambodian's organizations and the country's development requirements.