About US
Master of Arts Program in Applied Finance has been developed by academics and specialists in the field of Finance (leading by Associate Professor Dr Pattaragit Netiniyom and Assistant Professor Dr Nattawoot Koowattanatianchai, CFA of Kasetsart Business School) to cope with rapid changes in economy and socio-cultural contexts in Thailand. This graduate program aims to produce graduates who not only have breadth and depth knowledge in finance, but also can demonstrate professional honesty and integrity in all aspects of their profession in the financial services or related industry. Integrating business ethics into the curriculum is a systematic approach to fostering high quality leadership skills in our students, who will potentially become high-level financial managers in the future. This aspect of the program is also consistent with philosophy, vision, mission, and value of Kasetsart University that “creates and develops varied bodies of knowledge, and forms people who are intelligent, who think rationally, who behave morally, who are conscious of the common good, and who produce high standard work capable of competing in the world market”. Our ambition is therefore to produce financial practitioners and consultants who are capable of working competently and ethically for both public and private organizations that are active in both domestic and international money and capital markets.
In 2022, the program underwent a major revision resulting in many subjects being rectified to harmonize with renowned professional financial curriculums especially the CFA (Chartered Financial Analyst) program curriculum and the CFP (Certified Financial Planning) program curriculum.
Program
Master of Arts Program in Applied Finance requires at least 36 credit hours to complete. Students may select from either of research project options:
Plan A - Thesis Option
| Seminar | 2 credits |
| Core Courses | 18 credits |
| Electives | 4 or more credits |
| Thesis | 12 or more credits |
| Total | 36 or more credits |
Plan B - Independent Study Option
| Seminar | 2 credits |
| Core Courses | 18 credits |
| Electives | 10 or more credits |
| Independent Study | 6 or more credits |
| Total | 36 or more credits |
Although Master of Arts Program in Applied Finance is currently conducted in Thai, the program developers have a plan to offer the program in English in the near future. The program operates on a semester basis (two terms per one academic year). It is open to students with bachelor’s degree of any major. Work experience in the field of finance is not required to enroll in the program, noting however that it is an advantage for consideration in admission and classroom discussion.
Program of Study
Name of Curriculum: Master of Arts in Applied Finance Program
Name of Degree: Master of Arts (Applied Finance) M.A. (Applied Finance)
Master of Arts Program in Applied Finance offers part-time programs in finance, each of which normally takes two academic years to complete. Students must agree to complete the program within four academic years, or else their student status may be automatically terminated according to Graduate School Kasetsart University’s Rules. Classes are divided into two groups and take place during the weekend (9 am to 8 pm on Saturday, normally) as follows:
• Thesis Group: suitable for applicants who want to acquire financial research skills to pursue their doctoral study in the future, and also gain advanced financial management skills that the program offers. Experiences in the field of finance may not be required to be in this group but applicants must demonstrate their potential in successfully completing the program.
• Independent Study Group: suitable for applicants who want to acquire a variety of financial management skills for their professions. Students in this group will enroll in at least two more electives than those taken by the thesis group. Experiences in the field of finance is not required but strongly recommended.
All Master of Arts in Applied Finance Program classes are conducted in Thai language. The program operates on a semester basis (two terms per one academic year). No work experience in the field of finance is required to enroll in the program.
To graduate from the program, each student must complete a minimum of 36 credit hours and maintain GPA of 3.00 or higher. Students in Plan A must complete a thesis of 12 credits, whilst students in Plan B must complete an independent study of 6 credits. In partial fulfillment of the requirements for the degree, students in both plans must publish their thesis/independent study or part of their thesis/independent study in academic journals, or present their thesis/independent study or part of their thesis/independent study to academic conferences that produce the proceedings as a publication. The structure of each study plan can be summarized as follows:
| Program Structure | Plan A | Plan B |
| Seminar | 2 credits | 2 credits |
| Core Courses | 18 credits | 18 credits |
| Electives | 4 or more credits | 10 or more credits |
| Thesis | 12 or more credits | - |
| Independent Study | - | 6 or more credits |
| Publication Requirement | YES | YES |
| Total | 38 or more credits | 38 or more credits |
Course Description
- Compulsory:
• Corporate Finance
• Legal Environment for Financier
• Financial Communication
• Financial Service for Society
• Financial Risk Management
• Financial Modeling
• Finance for International Transactions
• Seminar
• Thesis (Plan A)
• Independent Study (Plan B)
Electives:
• Economic Environment for Finance
• Financial Control and Governance
• Financial Analysis and Strategic Planning
• Applied Financial Engineering
• Investments for Risk Diversification
• Essentials of Fianancial Technology
• Portfolio Management for Individual and Institutional Investors
• Wealth Management
• Asset Valuation Management
• Real Estate Management
• Feasibility Study for Real Estate Project
• Modern Funding for Real Estate
• Selected Topics in Finance
• Special Problems
| Course Number | Course Description | Credit | Plan A | Plan B |
| 01135511 | Corporate Finance | 3(3-0-6) | ✔ | ✔ |
| 01135512 | Economic Environment for Finance | 3(3-0-6) | ✔ | ✔ |
| 01135513 | Legal Environment for Financier | 3(3-0-6) | ✔ | ✔ |
| 01135514 | Financial Communication | 3(3-0-6) | ✔ | ✔ |
| 01135515 | Financial Service for Society | 2(1-2-3) | ✔ | ✔ |
| 01135521 | Financial Control and Governance | 3(3-0-6) | ✔ | ✔ |
| 01135522 | Financial Analysis and Strategic Planning | 3(3-0-6) | ✔ | ✔ |
| 01135531 | Financial Risk Management | 3(3-0-6) | ✔ | ✔ |
| 01135532 | Applied Financial Engineering | 3(3-0-6) | ✔ | ✔ |
| 01135533 | Investments for Risk Diversification | 3(3-0-6) | ✔ | ✔ |
| 01135534 | Financial Modeling | 3(3-0-6) | ✔ | ✔ |
| 01135535 | Essentials of Fianancial Technology | 3(3-0-6) | ✔ | ✔ |
| 01135536 | Portfolio Management for Individual and Institutional Investors | 3(3-0-6) | ✔ | ✔ |
| 01135541 |
Finance for International Transactions | 3(3-0-6) | ✔ | ✔ |
| 01135552 | Wealth Management | 3(3-0-6) | ✔ | ✔ |
| 01135561 |
Asset Valuation Management |
3(3-0-6) | ✔ | ✔ |
| 01135571 | Real Estate Management | 3(3-0-6) | ✔ | ✔ |
| 01135572 | Feasibility Study for Real Estate Project | 3(3-0-6) | ✔ | ✔ |
| 01135573 | Modern Funding for Real Estate | 3(3-0-6) | ✔ | ✔ |
| 01135595 | Independent Study | 3,3 | ✘ | ✔ |
| 01135596 | Selected Topics in Finance | 1-3 | ✔ | ✔ |
| 01135597 | Seminar | 1,1 | ✔ | ✔ |
| 01135598 | Special Problems | 1-3 | ✔ | ✔ |
| 01135599 | Thesis | 1-12 | ✔ | ✘ |
Admission
Each applicant must hold a bachelor degree in any field and must meet all of Graduate School Kasetsart University’s requirements pertaining to personal attributes. No past work experience in the financial services or related sector is necessary but some exposure is an advantage for consideration in admission.
The admission intake for the current academic year is 40 persons: 12 persons for Plan A and 28 persons for Plan B.
To apply for this program, each applicant must complete the online application and include scanned copies of all original supporting documents. Useful supporting documents for consideration in admission include:
• statement of purpose
• academic transcript
• work experience verification
• certificate for English proficiency
Admission is subject to the number of available places for the current academic year. All qualified applicants therefore must participate in an interview to be considered for admission. Factors considered important for program admission include applicants’ past academic results, determination, competency, and potential uses of knowledge learnt from the program in the future.
Tuition Fees
Each applicant is entitled to an application processing fee of 1,000 Baht. Once admitted to the program, a tuition fee is collected every semester as follows:
| First Academic Year First Trimester | 90,000 baht |
| First Academic Year Second Trimester | 90,000 baht |
| First Academic Year Third Trimester | 80,000 baht |
| Second Academic Year First Trimester | 70,000 baht |
| Total Tuition Fees | 330,000 baht |
Contact Us
Master of Arts Program in Applied Finance
Kasetsart Business School Building, 3rd Floor
Kasetsart University Bang Ken Campus
50 Ngam Wong Wan Rd, Ladyaow, Chatuchak, Bangkok, Thailand 10900
Postal: PO Box 1089, Chatuchak, Bangkok, Thailand 10903
Phone: +66 2 942 8777 Ext. 1932 – 1936
Mobile: +66 81 834 3939
Fax: +66 2 579 0946