Master of Science in Banking and Insurance

The Masters of Science in Banking and Insurance is a specialized dual postgraduate degree program that opens you to the quantitative approaches and analytical and technical aspects of banking and insurance. MSc in Finance and Insurance study from texila zambia covers different elements of the finance, banking, and insurance markets and methodically exposes you to researching and analyzing international economic trends, investments, assets, financial markets, stocks, shares, liabilities, etc.

Following the 2007-2009 global financial crisis, professionals with advanced industry knowledge and mastery in the areas of finance, banking, and insurance are in high demand. TAUs MS in Banking and Insurance is ideal for aspiring private advisers and financial analysts working in banking, finance, financial services, investment banking, insurance, and other related areas.

Customer preferences have evolved over the decade with increasing demands and expectations of exceptional experiences at all touchpoints of various financial products. Our Postgraduate degree in Banking and Insurance equips banking professionals with the necessary skills to help them ride the wave of change and have a rewarding career in the banking and insurance sector or progress to specialize further in this critical field.

Texila American University, Zambia, offers unique learning opportunities in full-time, part-time, and online modes with its Masters Degree in Banking and Insurance program for the savviest professionals supported by highly qualified faculty with extensive research experience and strong industry connections.

Objectives of the Programme

  • M.Sc. Banking and Insurance program aims to provide optimum practical and theoretical knowledge related to Banking and Insurance management and its contribution to the economic development of Zambia. 
  • To exhibit critical thinking skills to address diverse business challenges and opportunities across the SADC region.  
  • Prepares them to function on teams on various multidisciplinary problems in the Banking and Insurance sector 
  • To demonstrate effective written and oral communication skills. 
  • To exhibit Ethical Behaviour and Social Responsibility 
  • To recognize the importance of and possess the skills necessary for life-long learning and compete with the best in the field.  
  • To exhibit competence in the use of technology and information systems in modern organizational operations


Years Duration


  • Qualification from any recognized body with a level equivalent to bachelor’s qualification
  • Diploma (2 years) from a recognized institution and to possess 10 years of work experience with a minimum of 3 years of experience as a manager or a team leader position

Structure of the programme

Course Code Subjects Credits
Year 1
MSC1111 Principles of Management & Organisation Behaviour 19
MSC1112 Managerial Economics 19
MSC1113 Advanced Business Accounting & Financial Management 19
MSC1114 Marketing Principles and Practice 19
MSC1115 Strategic Management 19
MSC1116 Business Research Methods & Statistics 19
MSCP01 Capstone Project 5
Year 2
MSB2111 Personal Financial Planning 19
MSB2112 Financial Institutions and Markets 19
MSB2113 Corporate Insurance Management 19
MSB2114 Marketing of Insurance Services 19
MSC2115 Research Publication in Journals/e-conference 5
MSC2116 Project work Dissertation & Defense 40

Credit System: One credit represents 10 notional hours of learning. This learning includes classroom, supervised and self-directed hours, assessment time, workplace training, assignment writing, online learning and fieldwork. A normal year of fulltime study (including contact hours and self-directed hours) is 1200 hours (120 credits). Any variation in hours from this requires specific justification. Similarly, any variation from 120 ZQF credits in one fulltime year requires specific justification. Credit units shall not be used for awarding qualifications under the ZQF.

Selection Factors

Students applying to Bachelor of Business Administration program at TAU Zambia campus are selected on the basis of their academic, personal, and extracurricular abilities. Each student will be assessed based on the educational background, age, and intended course of study. Additionally, students must have the intellectual, physical, and emotional capacities to meet the requirements of a successful career in their respective fields.

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Note: New Intake for Masters in Banking and Insurance is currently not open.

What Do You Gain?

  • Formulate an integrative business project through the application of multidisciplinary knowledge
  • Describe the function of marketing, the strategic marketing process, consumer behavior, and how marketing contributes to organizational growth and customer value.
  • Familiar with current digital technologies and Information Technology (IT) management trends.
  • Employ effective cross-cultural communication
  • Skills to generate novel and value-creating products, processes, or organizational forms
  • Communicate logically constructed and relevant oral and written arguments and information
  • Demonstrate awareness of economic, environmental, political, legal, and regulatory contexts of global business practice
  • Employ financial decision models to select appropriate projects for a business enterprise and manage firm growth through strategies such as mergers, acquisitions, international expansion, and new venture development.
  • Learners will be able to apply resource optimization by understanding various costs
  • Define the key elements needed to measure and report on project scope, schedule, and cost performance
  • Outline the development of information systems in knowledge areas of Project Management
The outcomes of the program will satisfy the demands of the labor market, in the Banking and Insurance sector, where the graduate will be able to practice his/her profession with adequate knowledge, skills and attitude required, contributing to the development of the country and the African Region as a whole.

Teaching Methodology

  • Total 16 weeks in the Trimester (2 courses per trimester)
  • 4 Modules Per Course, 3 Units per Module & 6 (5-7) Chapters in each Unit = (4*3*6)= 72 Chapters
  • Instructional hours through University Campus: Per course 14 hours  (2hrs x 1days x 7 weeks)
  • Suggestive Lecture Duration: 1 Module in two Classes (2 hrs per class/ per week)
    (Live Lectures – Other than Lusaka Students will receive the transmission of the weekly lectures at the Facility Centre or LMS platform (as per the availability) and shall also have the privilege to join at TAU Campus for any ongoing class at their convenience)

Academic Delivery and Assessment

  • On-Campus program is delivered in Semester pattern and On-line mode of program is delivered in Trimester/Block pattern.
Assessment per Course Weightage
Formative (Internal)
3 MCQ Tests for each Module.

Total Module – 4

Summative (External)
Final Exam (50 MCQ) 60%
Total 100%

Why Choose Us?

  • Uniquely Designed Learning Methodology
  • Outcome Based Academic Delivery
  • Continuous Academic Support
  • Enhanced Learning Management Systems
  • Technology Enabled Services
  • Block Based Learning, Dedicated learning of one subject at a time, focuses on more immersed learning
  • Capstone Project, promote integrated learning and understand the connections between various subjects
  • Article review promote critical thinking and analytical skills among the learners
  • Contextual Project Work, gives an opportunity to the students to relate what is being taught into the context of the real world, and thus eliminating the questions of “Why do I need to learn this stuff?”

Career Opportunity

MSc Banking and Insurance degree groom you as future managers to help you handle business issues. This course offers you the required knowledge to meet the challenges of the globally changing scenarios. The program will help you find innovative ways to achieve a competitive advantage. This course will train you to be compatible with the corporate sector in the below-mentioned jobs.

  • Financial Risk Manager
  • Business Analyst
  • Internal Auditor
  • Credit Analyst
  • Loan Officer
  • Development Officer
  • Insurance Surveyors
  • Actuaries
  • Investment Professionals



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