phd in finance karachi

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The IBA initially offered MBA program only for day scholars. In 1957, an evening program was launched to cater to the needs of working executives and managers who were interested in progressing their careers through business studies. Since obtaining a master's degree involves acquiring complex analytical and critical skills in a particular field, it allows students to develop specialized skills. Additionally, producing original work, including the writing and defense of a thesis or dissertation, is a major constituent of graduate studies. The MS degree is an untagged degree as the name of the major is excluded from the degree title, whereas MBA is a tagged degree. Over the years the MBA program has evolved significantly aided by a revamped curriculum. The MBA Executive Program was launched in 2009. This degree program has gained momentum among professionals of public and corporate sector of Pakistan. MBA Executive offers a wonderful opportunity to professionals to acquire a world class degree in Business Administration without leaving their jobs. The introduction of MS Computer Science and MS Economics in 2008 and 2010 respectively further diversified the streams of graduate programs and enabled graduate students to work outside their specific field of study at graduate level. On the other hand, the MS programs enable prospective applicants to enhance their long-term performance in the dynamic fields of Science and Economics. Aspirants of the graduate programs can expect a thoroughly transformational experience which will leave a lasting impact on their careers and professional intellect. The IBA Karachi offers MS Journalism, MS Islamic Banking and Finance and MS Management programs whereas MS Data Science and MS Finance programs have been recently launched.

The IBA initially offered MBA program only for day scholars. In 1957, an Evening Program was launched to cater to the needs of the numerous working executives and managers, who were interested in furthering their careers through part-time business studies. The outstanding aspect of graduate programs is the study in a specialized field, as obtaining a Master's degree involves acquiring complex analytical and critical skills in a particular field. Additionally, producing original work, including the writing and defense of a thesis or dissertation, is a major constituent of graduate studies. The MS degree is an untagged degree, as the name of the major is excluded from the degree title, whereas MBA is a tagged degree. Over the years, the MBA program has evolved significantly, aided by the revamped curriculum. From fall 2017, post qualification working experience would be preferred but not mandatory before embarking on MBA study programs. The MBA Executive Program was launched in 2009 for the in service professionals who cannot attend week-days program. This program attracts senior level executives both from private and public sectors.

The introduction of MS (Computer Science) and MS (Economics), in the years 2008 and 2010, respectively, further diversified the streams of the graduate programs and enabled graduate students to work outside his/her specific field of study at graduate level. The MS programs, on the other hand, enable prospective applicants to enhance their long-term performance in the dynamic fields of science and economics. Aspirants of the graduate programs can expect a thoroughly transformational experience, which will leave a lasting impact on their careers and professional intellect.

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Activities at the AERC

“Promoting Inclusive Growth in the Middle East And North Africa Challenges and Opportunities in a Pandemic World by IMF”- March 17, 2023

“Mounting Challenges, Decisive Times Middle East and Central Asia- December 08, 2022”

INAUGURATION OF

SDG Research & Resource Centre

AERC University of Karachi

A PANEL DISCUSSION ON

“Policy Choices During Economic Crises and Beyond”

“The State of Pakistan’s Economy and Federal Budget 2023-24

GUEST SPEAKER SESSION

Taha Saleem

Deputy Commissioner Karachi Central

Governing Karachi : Case Study of District Central

A ROUNDTABLE DISCUSSION FOR ECONOMIC POLICY REFORMS IN PAKISTAN

“Reforms for a Brighter Future:Time to Decide”

Dr. Naeem uz Zafar (S.I)

Chief Statistician Pakistan Bureau of Statistics

Digitalization of Population Census: Issues, Challenges and the Way Forward

FIRST POSTER PRESENTATION

Organized By

YOUNG ECONOMIST CONFERENCE on Sustainable Development Goals

Workshop on “pakistan: fisheries value chain assessment for its improvement”, book launch “econometrics application with eviews”.

By Prof. Dr. Abdul Waheed

at AERC Auditorium

A SEMINAR ON

“BRIDGING THE GAP”

“Data Visualization for Effective Policy-Exploring Tools and Technologies”

MUHAMMAD MUBASHIR MUKHTAR

PHILOSOPHY COURSE SERIES

“Divine Economics & Multidisciplinary Social Sciences”

DR. NISAR HUSSAIN HAMDANI

“Building Resilience and Fostering Sustainable Growth.”

IMF Resident Representative in Pakistan Ms. Esther Perez Ruiz

LECTURE SESSION

Dr. Faisal Sultan

Sharia’h Compliant Trade and Financing Course

MAS/Mphil & PhD Orientation 2024-25

Workshop on preparation of citizen budget or participatory budgeting for the next financial year 2024-25.

Organized By AERC

Mr. Muhammad Afzal Channa

Director-ERU,Finance Department

Government of Sindh

A WORKSHOP ON

“Youth Universities Network on SDG’s (YOUNGs)”

AERC Alumni

“AERC Alumni Meet Dinner 2024”

“Charter of Economy for Sindh By Dr. Kaiser Bengali”

A Book Talk on

“Development Pathways By Dr. Ishrat Husain”

Welcome to the AERC

The Applied Economics Research Centre (AERC), University of Karachi, was established in 1973. The major functions of the Centre are policy oriented Core/academic Research, Contract Research for clients, post-graduate teaching and providing advisory services to the government. The Centre undertakes research on issues in applied economics with a focus on urban and regional economics, agriculture economics, human resource development,public finance, poverty, health and nutrition, industrial economics, trade, environment and gender issues.Research is based on primary data collection carried out by AERC through surveys and analysis of secondary data from published sources. With subsequent growth of the Centre, its activities have broadened to include advance training of economists from all parts of Pakistan.

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Latest News

Admissions m.a.s. / m.phil. programme fall session : 2024 – 25 (weekend programme).

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AERC Webinar Series : Say No to Rejection New  

Pjae volume 33 no.2 has been published, list of candidates qualified for admission: m.a.s. / m.phil. & ph.d programmes (morning session: 2024-25), pakistan journal of applied economics (pjae) : call for papers new  , signing of mou between aerc and data n dashboards limited, signing of mou between aerc and sdg’s sindh – undp, pakistan’s economic outlook and the federal budget 2023-24 aerc-spdc new  , pjae volume 33 no.1 has been published, aerc and iobm university sign mou, inauguration sdg research & resource centre at aerc, aerc and spdc sign mou for research collaboration, handing over and taking over of directorship of aerc, pjae volume 32 no.2 has been published, on the elusive search for social justice under democratic capitalism since adam smith by prof. dr. syed nawab haider naqvi, director's message:.

Prof. Dr. Nooreen Mujahid Director Applied Economics Research Centre (AERC) University of Karachi Karachi, Pakistan 92-21- 99261541 – 43 92-21- 99261547 – 49

Direct contact to director: 92-21-99261546 [email protected]

Applied Economics Research Centre (AERC), University of Karachi, is a unique research institute devoted to imparting post graduate level education on one hand and conducting, supporting and encouraging academic and policy oriented research in applied economics and related disciplines on the other. We are performing research on various topics. We publish academic journal, research reports, opinion pieces, and newsletters to the public, and we also seek to exchange opinions with people from various fields through conferences, seminars, and workshops.

As Director of the AERC, I envision our Institute as part of a vital strategy to invest in emerging research fields in applied economics and social sciences that may defy today’s traditional academic classification …

AERC Voice Newsletter

September – December, 2019

May – August, 2019

MoU Signing Ceremony

MoU signing ceremony between Applied Economics Research Centre, University of Karachi and SDG’s Support Unit Sindh UNDP

Development Plan

Prospectus 2021, research report.

Review of Current Sharecropping Arrangements in Sindh

“On the Elusive Search for Social Justice under Democratic Capitalism since Adam Smith” by Prof. Dr. Syed Nawab Haider Naqvi

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Business Management

Strategic focus of CBM includes major accreditations, and we are working towards achieving the AACSB accreditation. Making entrepreneurship as major career choice of our graduates, adoption of experiential learning, one-on-one mentoring by well reputed industry executives, making intellectual contributions as a primary determinant of faculty qualifications and development of critical skills and innovation through specially designed courses and a lively and thriving culture of student activities.

To be among the leading business school, nationally and internationally, that is recognized for producing transformational and change leaders and managers with IoBM.

CBM Mission

To provide transformational and change leadership and management for the development of economy and society through excellence in character, professionalism, education and research.

Dr. Muhammad Kashif

Professor Dr. Muhammad Kashif is a seasoned academician, researcher, and administrator with a distinguished career in Economics and Finance. Holding a PhD from the Adam Smith Business School, University of Glasgow, Scotland UK, Dr. Kashif has demonstrated a strong academic background and expertise in the field of Finance and Economics.

His qualifications include a Master's in Financial Economics with a specialization in Finance from Adam Smith Business School, University of Glasgow, Scotland UK and an MBA with a focus on Finance. Dr. Kashif also holds a Bachelor's Degree with a specialization in Mathematics and Economics from the University of Baluchistan, Pakistan.

With extensive research and teaching experience, Dr. Kashif's academic journey has revolved around Asset Pricing, Portfolio Choice, and Investment Analysis. His commitment to academic excellence is evident in successfully supervising numerous PhD and MPhil/MS students, guiding them in their research endeavors and contributing to their academic growth.

In addition to his academic pursuits, Dr. Kashif has held key administrative roles, including Dean of the Faculty of Management Sciences and Head of Department at SZABIST University, Pakistan. In these leadership positions, he has exhibited exceptional organizational and management skills, overseeing academic programs for national and international accreditation, building faculty portfolios as per international standards, and managing publications.

Dr. Kashif's commitment to excellence extends to the global stage, as reflected in his role as an Editor and Reviewer for esteemed publications such as the Journal of Banking and Finance, Journal of Managerial Finance, and International Journal of Emerging Markets, among others. His dedication to academic discourse is further demonstrated through active participation in conference presentations and chairing sessions.

As an accomplished researcher, Dr. Kashif has published over 40 research articles in nationally and internationally recognized, Web of Science-indexed impact factor journals. Notably, his paper on "Higher co-moments and asset pricing on the London Stock Exchange" published in the Journal of Banking and Finance has received widespread recognition.

Dr. Muhammad Kashif brings a wealth of academic, research, and administrative experience, making him a valuable asset to any institution committed to excellence in education and scholarly pursuits.

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Why Study at CBM?

Institute of Business Management creates an environment for students to reach their full potential. With a purpose built campus with state of the art facilities and multiple student societies organising various events, students are groomed to be all rounders ready to take up any challenge given to them.

Navera Abrar

Dr. muhammad irfan khan, arsalan haneef malik, syed husain shaharyar, naheed ghaffar, dr syed muzzammil wasim, dr. arsalan hussain, dr. muhammad junaid, musawir ali soomro, dr kiran jameel, nida shaukat, dr. mohammad asif khan, muhammad muzaffar ali, ambreen bashir haris, dr. irfan hameed, dr. ayesha kiramat baig, dr. fariha raza, syed muhammad fahim, asma rehman, muhammad tabish, midhat nadeem, dr. s. amir saeed, dr. muhammad adnan bashir, sadia saeed, ekhlaque ahmed, bushra javed, dr. junaid ansari, juveria baig, dr. mirza dilshad baig, dr. bilqees ghani, syeda tayyaba fasih, dr. kazi afaq ahmed, zafar mehdi, dr. muhammad azeem qureshi, saba gulzar, dr.shiraz ahmed, dr.fazal anwer khalidi, dr. shagufta ghauri, javaid ahmed, sajid nazir, dr syed adeel ali shah, dr. shahzeb malik, dr. falak shad memon, dr. fahad bin abdullah, dr. muhammad irshad khan, dr. abdur rahman aleemi, dr. muhammad ather akhlaq, dr. jamshaid iqbal, dr. shahid amjad, dr. munir hussain, sardar muhammad nawaz, dr. marium mateen khan, dr. omar javaid, dr. zeeshan asim, dr. muhammad shujaat mubarik, khawaja masood raza, dr. arslan qayyum, syed sarmad hasan, syeda faiza, syed musawar ali, kanwal hussain, basit ibram chawla, afshan gul khan, dr. bilal ahmed chishty, muhammad asim khan, dr. nayeem ul hassan ansari, mehboob moosa navdawala, kamran ahmed rabbani, dr. imam uddin, sharique ayubi.

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MS in Finance & Economics

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The MS in Finance & Economics program provides high-quality postgraduate education in finance & economics in a research-active and intellectually challenging environment. The program builds a coherent foundation for intuitive economic ideas and rigorous analytical skills in finance and economics by engaging students in analyzing issues of interest to global corporations, financial institutions, and international investors. Therefore, the program aims to make students proficient in examining current financial and economic problems, exploring feasible strategies, and applying relevant knowledge and analytical models to help corporations, institutions, and investors achieve optimal outcomes and solutions from a global perspective.

This MS program is a weekend program and is spread across three semesters. There are two streams available for MS. One Stream is by Course Work and other one is by Research Work. In Course Work Stream, the student is required to complete 10 courses of 3 credit hours each. In Research Work Stream, the student is required to complete 8 Courses and Two IRS OR one Thesis. In both the streams, 30 credit hours are to be completed. The time limit to earn an MS degree is from 1.5 to 4 years. As per HEC guidelines, all MS students are required to clear GAT General test or HAT relevant with minimum 50% score.

1. MS by Course Work Stream: The Scheme of Study is as follows:

• Six Compulsory Courses (18 Credit Hours)
• Four Program Electives ( 12 Credit Hours)
• No IRS or Thesis

2. MS By Research Work Stream: The Scheme of Study is as follows:

• Two Program Electives ( 6 Credit Hours)
• Two IRS OR one Thesis (6 Credit Hours )

Semester-wise Breakup

Note: Maximum course load for a semester is 4 courses (12 credit hours). Summer is not a regular semester; therefore, summer courses are not offered regularly.

Program Elective courses may vary from time to time. All courses may not necessarily be offered every year.

“The students are required to take two electives from finance stream and two from the economics respectively” 

Students cannot register in Independent Research Study (IRS) OR thesis without completing six compulsory courses.

Courses List:

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MS Finance Program

Curriculum of the program.

Program Structure

Candidates need to obtain a total of 36 credit hours for MS Finance program. The course requirements are as follows:

 *Project is for 3 credit hours. Students opting for a project need to take an additional course to fulfill the MS degree requirements. Further such students cannot use this MS degree to apply for a PhD program, as per HEC policy.

Semester wise Breakup

Course List

Core Courses

* Project is for 3 credit hours. Students opting for a project need to take an additional course to fulfill the MS degree requirements. Further such students cannot use this MS degree to apply for a PhD program, as per HEC policy.

Corporate Finance

Market Finance

General Electives

Minimum duration: 18 Months / three semesters

Maximum duration: 4 years

Aptitude Test Components:

Candidates will be assessed on three broad components:

a. English Composition (MCQs) b. Finance (Basic level MCQs) c. Mathematics (MCQs); and d. Essay Writing

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GRADUATE MS Economics program

Master of Science (MS) Economics program

The MS Economics program is designed to provide a solid background in theory, quantitative methods and applications appropriate to the needs of economists involved in policy planning, analysis and forecasting of public and private sectors. The curriculum of this program has been designed to meet international standards. This program emphasizes on applied economics and caters to the growing market for economic analysts. Graduates from this program will be able to teach and conduct quality research in the fields of their interest and will be prepared for careers in universities, research organizations, business enterprises, government organizations, and multinational companies.

Eligibility

A minimum of 16-years of education out of which the last 4 years of education should be from an HEC recognized university/institute, with a minimum CGPA of 2.5 out of 4.0 or 60% marks in the last degree. All equivalency claims shall be evaluated by HEC. Experience is not a mandatory requirement for admission in this program.

Admission criteria

Admissions to all programs at the IBA are granted on merit, and there are no reserved seats of any category. The criterion for admission is the performance of the applicant in aptitude test and interview. The aptitude test is a written test on three subjects: English, Mathematics and Economics.

Candidates who have a minimum score of 650 in the quantitative section of GRE (International) or a score of 160 in quantitative section of revised GRE (International) are exempted from the IBA admission test. The candidates who pass the aptitude test qualify for the interview.

Candidates who have a minimum score of 650 in the quantitative section of GRE (International) or a score of 160 in quantitative & 150 of verbal section of revised GRE (International) are exempted from the IBA admission test. The candidates who pass the aptitude test qualify for the interview.

Duration: 2 years

Maximum time allowed:

• 4 years for full time students
• 7 years for part time students

Class Timings:

MS Economics is offered for full-time students as well as for part-time students. Classes in MS Economics are scheduled only in evenings (6:00-9:00 pm) on weekdays or any time (between 9:00 am - 9:00 pm) on Saturdays.

Teaching/research assistant positions

Teaching/research assistant positions are available in the department for full time MS students. These positions are offered only to those students who maintain a cumulative GPA of 3.00 in each semester in the MS program. Teaching/research assistants must not work elsewhere.

Requirements for MS Economics

Course requirements are given as: MS courses: 30 credit hours MS thesis: 6 credit hours

Required courses

Foundation/Refresher courses in summer semester

Two foundation/refresher courses of 3 credit hours each will be offered during summer semester. BS Economics and BS Economics & Mathematics graduates from IBA are exempted from the 2 foundation courses. For other candidates, the admission interview panel will decide which foundation courses are exempted.

• These two courses will be offered during the summer semester.
• The student will have to obtain at least 60% marks (Grade-C minus).
• The courses and grades will not be counted in the transcript and CGPA.
• Students will have to attend the classes with at least 75% attendance to be eligible for appearing in the final exam.
• Half of full course fee will be charged for each foundation course.

Semester-wise MS Economics Courses

*Students have option to take 1 additional elective course and an MS research project (ECO698) in place of MS thesis. The grade on MS thesis and MS research project would be pass/fail and will not be counted in the CGPA.

List of elective courses

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