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Doctor of Philosophy in Finance Program

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  • Fee Structure

Intake Periods

Modes of study, course overview.

This program is designed to equip learners with skills to identify, analyse and solve problems in the finance discipline primarily using techniques of original academic research. The programme incorporates rigorous coursework and research culminating in the production of a doctoral thesis. The program encompasses a variety of formal and informal interactions with faculty and aims to enable students develop competencies in the theory, practice, and research methodology essential to the advancement of the finance discipline. Students are expected to apply this knowledge in responding to financial policy and financial challenges in diverse practice settings. The program’s knowledge dissemination approach is meant to nurture curiosity, a heuristic exploration of new knowledge, and critical thinking. In this regard the program learning philosophy encourages discourse that leads to meaningful insights of financial knowledge and pose thoughtful questions that reinforce or challenge ideas. The students will, therefore, be expected to critique literature, present concept papers during departmental seminars, participate in training workshops, prepare papers for publication in peer refereed journals, and develop hands-on data analysis experience using advanced statistical techniques. Students will further be required to participate in professional development workshops and conferences organized internally by the Department of Economics, Finance and Accounting as well as local and international ones.

Who Can Join

To be eligible for admission into this programme an applicant must meet the following requirements:

  • Be a holder of a master’s degree in Finance from a recognized institution; or
  • Be a holder of a master’s degree in Economics, Accounting or related discipline
  • Any other qualifications equivalent to a) and b) above, but subject to approval by the Senate and meeting the minimum requirements set by the Commission for University Education (CUE).

Duration & Structure Of The Programme

The minimum duration for completing the PhD (Finance) program is three calendar years while the maximum is six calendar years.

Mode of Delivery of The Programme

This program incorporates both coursework and research. Coursework requires face-to-face student-lecturer interaction, and both are required have physical presence in the assigned classrooms for teaching and learning to take place. In. the course work component of the program, students will cover eight core courses and 2 elective courses for a total of ten courses. The courses will be covered through the following approaches:

  • Lectures and seminars
  • Group discussions and presentations
  • Analysis of Case studies
  • Presentations by Guest speakers

The mode of delivery includes face-to-face and online engagement through the institutional Learning Management system. The latter will be used in delivery and submission of assignments, as well as access to learning and refer

Curriculum Road Map

Year 1 semester i, year 1 semester ii, year 2 semester i, year 2 semester ii, year 3 semester i, year 3 semester ii, enquire now.

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DOCTOR OF PHILOSOPHY (PhD) IN FINANCE

The Doctor of Philosophy (PhD) Degree Programme in Finance is a research and thesis degree that is focused on developing cutting-edge quantitative research academic skills that are needed to advance teaching, research and consultancy in finance.  The PhD programme in Finance is structured around student mentoring processes management by faculty to inculcate independent and critical thinking, with emphasis on the interplay between theory development and empirical applications.  The graduates are encouraged to foster this culture of scholarship as prospective faculty at higher learning institutions. A critical component of the PhD programme is dissemination on knowledge through peer-reviewed scholarly journals.   To achieve this, faculty and students work closely together throughout the programme to develop the capabilities requisite for scholarly success, namely, academic craftsmanship.  The hallmark of the PhD in Finance programme is that students acquire broad based business knowledge, horned skills in the specialization area and academic craftsmanship.  Research topics include but not limited to public finance , corporate finance and personal finance , financial markets, financial economics,  portfolio theory, tax planning, retirement planning, estate planning, financial services, financial mathematics, experimental finance and behavioral finance.

A range of stimulating and rewarding careers is available to finance graduates including teaching in higher learning institutions, business leadership in public finance , corporate finance , financial markets, tax planning, retirement planning, estate planning, financial services , financial analysis and investment banking.

The Doctor of Philosophy in finance programme that we offer provides a platform for interrogation of finance theories and practice while recognizing its interplay with other disciplines such as accounting, economics, econometrics, statistics and research methodology. The programme grounds application of scientific approaches to test finance phenomena. It encourages learner driven and active participation approach. The programme considers how people, financial management processes and structures interrelate. It is concerned with data, metrics and standards on financial management practice. The learner will seek new knowledge in emerging areas in accounting and use the knowledge to build on related theories. The programme focuses on societal needs and targets excellence in its delivery and output, provides equity in opportunities within its pursuit and placement and is expected to foster integrity and coexistence among people.

                                                                                                     

FIRST YEAR FIRST SEMESTER

FIRST YEAR SECOND SEMESTER

SECOND YEAR SECOND SEMESTER

THIRD YEAR FIRST SEMESTER

THIRD YEAR SECOND SEMESTER

University Admission Requirements

The applicant must:

  • Satisfy the minimum entry requirements for admission into the degree programme of Doctor of Philosophy of Maseno University and as set by Commission for University Education.
  • Satisfy the entry requirements for admission to the School of Business and Economics of Maseno University and for each programme.
  • Satisfy the entry requirements for admission to the School of Graduate Studies of Maseno University.

The Doctor of Philosophy (PhD) Degree Programme in Finance is a research and thesis degree that is focused on developing cutting-edge quantitative research academic skills that are needed to advance teaching, research and consultancy in finance.  The PhD programme in Finance is structured around student mentoring processes management by faculty to inculcate independent and critical thinking, with emphasis on the interplay between theory development and empirical applications.  The graduates are encouraged to foster this culture of scholarship as prospective faculty at higher learning institutions. A critical component of the PhD programme is dissemination on knowledge through peer-reviewed scholarly journals.   To achieve this, faculty and students work closely together throughout the programme to develop the capabilities requisite for scholarly success, namely, academic craftsmanship.  The hallmark of the PhD in Finance programme is that students acquire broad based business knowledge, horned skills in the specialization area and academic craftsmanship.  Research topics include but not limited to public finance , corporate finance and personal finance , financial markets, financial economics,  portfolio theory, tax planning, retirement planning, estate planning, financial services, financial mathematics, experimental finance and behavioral finance

Doctor of Philosophy (Ph.D.) Programme in Business

The Programme Structure and Duration

The Programme shall take a minimum of three years and a maximum of six years for fulltime students. The Programme shall take a minimum of four years and maximum of eight years for part time students.

The Programme consists of a total of seventeen (17) units comprising of nine (9) course work units and thesis (8 units). Students will take a maximum of three (3) and minimum of two (2) coursework units per semester. Students shall embark on the thesis upon completion of the coursework.

Examination Regulations The seminar paper shall be examined by presentation(s), assignment(s), term paper(s) and final examination.

The independent study paper shall be marked out of 100%.The pass mark for each course shall be fifty percent (50%). The final examination shall account for 60% of the marks in the each taught unit while continuous assessment shall account for the remaining 40%.A candidate who fails in any course shall be allowed to sit for a supplementary. A candidate who fails in a supplementary examination shall be discontinued. A candidate who fails in all the units offered in a semester shall be discontinued.

Unit Codes and Titles

SN Unit Codes and Titles Core 1. BMS 900: Statistics for Business I 2 BMS 901: Business Research Methods 3 BMS 902: Statistics for Business II 4 BMS 919: Data Analysis and Measurement 5 BBA 920: Economic Analysis for Business Decisions 6. BSU900: Thesis Accounting Option (Required) 1 BAC 900: Accounting theory 2 BAC 902: Theory of taxation 3 BAC 903: Accounting Seminar 4 BAC 904: Independent Study in Accounting Finance Option (Required) 1 BAC 901: Empirical Finance 2 BAC 905: Theory of Finance 3 BAC 906: Finance Seminar 4 BAC 907: Independent Study in Finance

Marketing Option (Required) 1 BBA 921: Consumer Behaviour 2 BBA 922: Marketing Theory 3 BBA 929: Marketing Seminar 4 BBA 930: Independent Study in Marketing

Human Resource Management Option (Required) 1 BBA 923: Human Resource Development 2 BBA 924: Organizational Theory and Behaviour 3 BBA 931: Human Resource Manager Seminar 4 BBA 932: Independent Study in Human Resource Management

Strategic Management Option (Required) 1 BBA 925: Global Business Strategies 2 BBA 926: Theoretical Foundations of Strategic Management 3 BBA 933: Strategic Management Seminar 4 BBA 934: Independent Study in Strategic Management

Entrepreneurship Option (Required) 1 BBA 927: Entrepreneurship and Business Development 2 BBA 928: Planning for Growth in Entrepreneurship 3 BBA 935: Entrepreneurship Seminar 4 BBA 936: Independent Study in Entrepreneurship

Management Science Option 1 BMS 903: Decision Models & Analysis 2 BMS 907: Advanced Operations Management 3 BMS 908: Seminar in Management Science 4 BMS 909: Independent Study in Management Science

Management Information Systems Option 1 BMS 905: Strategic Information Systems 2 BMS 913: Advanced Topics in Information Systems 3 BMS 914: Seminar in Management Information Systems 4 BMS 915: Independent Study in Information Systems

Project Management Option 1 BMS 906: Project Economic Analysis 2 BMS 916: Theoretical Foundations of Project Management 3 BMS 917: Seminar in Project Management 4 BMS 918: Independent Study in Project Management

Actuarial Science and Insurance Option 1 BMS 904: Stochastic Analysis of Insurance Portfolios 2 BMS 810: Advanced Actuarial Science Models 3 BMS 911: Seminar in Actuarial Science & Insurance 4 BMS 912: Independent Study in Actuarial Science & Insurance

Year Two (Core) BSU900: Thesis

Year Three (Core) BSU900: Thesis

Tuituion Fees : 200,000.00 Statutory Fees : 32,800.00 Fee per Annum : 232,800.00

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Doctor of Philosophy (PhD) in Business Administration

Doctoral studies provide an opportunity for candidates with an outstanding academic background to engage in an advanced study in a specialized field of research. Candidates are expected to have intellectual curiosity, self-discipline and a high level of motivation to carry out research.

The programme provides for a wide variety of specializations in management. To prepare Doctor of  Philosophy (Ph.D.) candidates for advanced research, teaching and writing skills in their chosen area of specialization, candidates shall be required to take supporting coursework comprising six course units and lasting at least two semesters.

The Ph.D. programme seeks to orient candidates to the informed and critical application of knowledge to problems and issues concerning management disciplines and professions. The doctoral programme is intended to enhance individuals' capacity and skills for positions involving teaching, and research, in local and international institutions.

The objectives of the programme are: a) to enhance skills in the various areas of specialization; b) to provide an opportunity to the candidate to carry out and present scholarly work; and c) to carry out research in the chosen area of study and submit a Ph.D. thesis.

MODES OF DELIVERY

 Full-time and part-time programme

The teaching of the degree programme shall extend over a minimum of 8 semesters and a maximum period of 16 semesters.

   Each semester shall consist of 15 weeks inclusive of teaching and examinations

     Each course unit in the programme has a loading of a minimum of 45 hours

 Open, Distance and e-Learning

   This Module is offered off-campus using multimedia approach in distance education.

   The main media of instruction will be print and electronic study materials.

  • The study materials shall be self-instructional.
  • There will be use of limited face-to-face contact during the residential sessions.

Face-to-face delivery mode shall not exceed one third of the instructional time.

  • Counseling and guidance shall be provided using multi-media approach.
  • The module will run for a minimum of eight semesters of 24 weeks each and a maximum of 24 semesters from the date of registration.
  • The minimum semester load shall be two course units and the maximum shall be six course units.
  • Each course unit in the programme has a loading of a minimum of 45 hours.

The doctoral programme shall last for a minimum period of seven (7) semesters and a maximum of fifteen (15) semesters.

Course outline

Candidates will be required to take three (3) core and three (3) specialization courses as indicated below.

Thematic Areas of Specialization

Accounting • Banking • Finance • Global Management • Human Resources Management • Strategic Information Systems

• Marketing • Operations Management • Organizational Theory and Behaviour • Strategic Management • Entrepreneurship and Small business Development

The following shall be eligible for admission:

A holder of a Master of Business Administration(MBA) from the UoN or any other recognized university

A holder of Masters degree from the UoN in areas of specialization relevant to the disciplines in faculty of commerce or any other institution recognized by senate.

a) A holder of a Master of Business Administration (MBA) Degree from the University of Nairobi or any other institution recognized by the senate. b) A holder of a Masters degree from the University of Nairobi in areas of specialization relevant to the disciplines in the School of Business or any other institutions recognized by Senate.

Registration as a Doctoral student

a)For the purposes of eligibility for registration in the programme, an applicant who qualifies for admission into the course work phase shall be deemed to have satisfied the requirement spelt out in paragraph 4 of the common regulations for the degree of doctor of philosophy.

(b) A successful applicant shall register as a doctoral studentand take the required coursework. This student registration shall be for a minimum of three semesters and a maximum of seven semesters. The student shall be required to complete the coursework phase and develop an acceptable Research Proposal before being  enrolled as a doctoral candidate.

Enrolment as a Doctoral Candidate

A student shall enroll as a doctoral candidate after fulfilling the following requirements in his/her respective departments of specialization: (a) successful completion of all the common and specialization courses. (b) presentation of an acceptable Thesis Research Proposal.

Thesis Research A candidate shall carry out supervised Thesis Research in his/her chosen area of study, for a minimum period of four semesters,culminating in a Doctoral Thesis.

Extension of Registration An extension of the registration period may be granted by Senate subject to satisfactory reasons being presented by the candidate.

TUITION                                                                       72,000.00

EXAMINATION (PER UNIT @1000)                           1,000.00

LIBRARY (PER YEAR)                                                5,000.00

MEDICAL FEE (PER YEAR)                                       6,500.00

ICT SERVICES - (PER YEAR)                                    7,000.00

REGISTRATION (PER SEMESTER@2250)               2,250.00

CAUTION - (ONCE)                                                    5,000.00

ID CARD ( PER YEAR)                                              1,000.00

ACTIVITY-( PER YEAR)                                             2,000.00

THESIS EXAMINATION                                             50,000.00

Tuition/Supervision fees after course work p.a.     288,000.00

total units=6

1 unit                                      101,750.00

 2 units                                   174,750.00

 3 units                                   247,750.00

 Semester totals 

1  unit                                      75,250.00

 2 units                                   148,250.00

 3 units                                   221,250.00

1 unit                                      96,750.00

 2 units                                   169,750.00

 3 units                                   242,750.00

THESIS IS 50,000.00 AND 288,000.00 FOR THE SUBSEQUENT YEARS

Bank Account to Deposit:

ABSA Bank of Kenya

Branch-ABSA Towers

A/C Name: UON Module II  Fee Collection Account

A/C. No.:     2032771362

For more information visit faculty site  here  or

Apply now prompt

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Degree Duration: 2 years | Schedule of Intakes: September 

Doctoral studies provide an opportunity for candidates with an outstanding academic background to engage in an advanced study in a specialized field of research. Candidates are expected to have intellectual curiosity, self-discipline and a high level of motivation to carry out research.

The programme provides for a wide variety of specializations in management. To prepare Doctor of  Philosophy (Ph.D.) candidates for advanced research, teaching and writing skills in their chosen area of specialization, candidates shall be required to take supporting coursework comprising six course units and lasting at least two semesters.

The Ph.D. programme seeks to orient candidates to the informed and critical application of knowledge to problems and issues concerning management disciplines and professions. The doctoral programme is intended to enhance individuals' capacity and skills for positions involving teaching, and research, in local and international institutions.

The objectives of the programme are: a) to enhance skills in the various areas of specialization; b) to provide an opportunity to the candidate to carry out and present scholarly work; and c) to carry out research in the chosen area of study and submit a Ph.D. thesis.

Mode of Delivery: 

There will be two modes of delivery that will promote actively student engagement namely;-

Face to Face Mode

The program has a rich component of face-to-face delivery in which students will be expected to attend and participate in class, in the evenings and on weekends. Instructions shall be given in the form of lectures, lecture discussions, class presentations, seminars, demonstrations, fieldwork, case studies, student-lecturer consultations, supervised independent research, or any combination of these. Students shall undergo continuous assessment in each taught course in each semester, which shall take the form of written tests, term papers, oral presentations, field assignments, or any combination of these.

Open, Distance and e-Learning (ODeL)

The program is offered as part-time and through Open, Distance and Electronic Learning (ODEL) basis.  The part-time program is designed to accommodate the special needs of those in full-time employment or those who have other demands on their time, while ODeL will involve mainly home and/or office-based e-learning media.

Support Staff:    [email protected] | Tel:  254-20-318262 EXT. 28056

The doctoral programme shall last for a minimum period of seven (7) semesters and a maximum of fifteen (15) semesters.

The following shall be eligible for admission:

A holder of a Master of Business Administration(MBA) from the UoN or any other recognized university

A holder of Masters degree from the UoN in areas of specialization relevant to the disciplines in faculty of commerce or any other institution recognized by senate.

a) A holder of a Master of Business Administration (MBA) Degree from the University of Nairobi or any other institution recognized by the senate. b) A holder of a Masters degree from the University of Nairobi in areas of specialization relevant to the disciplines in the School of Business or any other institutions recognized by Senate.

Registration as a Doctoral student

a)For the purposes of eligibility for registration in the programme, an applicant who qualifies for admission into the course work phase shall be deemed to have satisfied the requirement spelt out in paragraph 4 of the common regulations for the degree of doctor of philosophy.

(b) A successful applicant shall register as a doctoral studentand take the required coursework. This student registration shall be for a minimum of three semesters and a maximum of seven semesters. The student shall be required to complete the coursework phase and develop an acceptable Research Proposal before being  enrolled as a doctoral candidate.

Enrolment as a Doctoral Candidate

A student shall enroll as a doctoral candidate after fulfilling the following requirements in his/her respective departments of specialization: (a) successful completion of all the common and specialization courses. (b) presentation of an acceptable Thesis Research Proposal.

Thesis Research A candidate shall carry out supervised Thesis Research in his/her chosen area of study, for a minimum period of four semesters,culminating in a Doctoral Thesis.

Extension of Registration An extension of the registration period may be granted by Senate subject to satisfactory reasons being presented by the candidate.

Course outline

Candidates will be required to take three (3) core and three (3) specialization courses as indicated below.

Thematic Areas of Specialization

Accounting • Banking • Finance • Global Management • Human Resources Management • Strategic Information Systems

• Marketing • Operations Management • Organizational Theory and Behaviour • Strategic Management • Entrepreneurship and Small business Development

managerial careers in the public and private sectors of the economy

Accounts, Finance, insurance, Investment banking, strategic management, Marketing

TUITION                                                                       72,000.00

EXAMINATION (PER UNIT @1000)                           1,000.00

LIBRARY (PER YEAR)                                                5,000.00

MEDICAL FEE (PER YEAR)                                       6,500.00

ICT SERVICES - (PER YEAR)                                    7,000.00

REGISTRATION (PER SEMESTER@2250)               2,250.00

CAUTION - (ONCE)                                                    5,000.00

ID CARD ( PER YEAR)                                              1,000.00

ACTIVITY-( PER YEAR)                                             2,000.00

THESIS EXAMINATION                                             50,000.00

Tuition/Supervision fees after course work p.a.     288,000.00

total units=6

1 unit                                      101,750.00

 2 units                                   174,750.00

 3 units                                   247,750.00

 Semester totals 

1  unit                                      75,250.00

 2 units                                   148,250.00

 3 units                                   221,250.00

1 unit                                      96,750.00

 2 units                                   169,750.00

 3 units                                   242,750.00

THESIS IS 50,000.00 AND 288,000.00 FOR THE SUBSEQUENT YEARS

Bank Account to Deposit:

ABSA Bank of Kenya

Branch-ABSA Towers

A/C Name: UON Module II  Fee Collection Account

A/C. No.:     2032771362

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PhD Programmes List

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Welcome to our Doctoral Programmes. This is where you will find full details of our Programmes, faculty, research, alumni, our partners and associations. In addition to that ,you will find full details of our prestigious advisory board.

The Doctoral Programmes inculde: PhD in Business & Management Research Specialization Workshops, PhD Program in Business and Management & Pre-Doctoral Workshop.

phd in finance kenya

PhD Fellowships In Digital Innovations & Diagnostics For Infectious Diseases In Africa (Di-Dida)

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PhD in Public Finance and Financial Services Law at The University of Nairobi (UoN)

Ph.D in Finance at Jomo Kenyatta University of Agriculture and Technology - Kigali Campus

Entry requirements.

Masters degree in a relevant field

Mode of Study

Application Procedure

Similar Programs

Doctor of business administration, nairobi city campus, doctorate in business leadership, karen campus, the management university of africa, ph.d finance, main campus, ph.d in business administration, kisii center, kq pride centre, kitale centre, ph.d in business information systems, bondo campus, ph.d in business management, nairobi campus, ph.d in finance, kigali campus, ph.d in international business.

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DOCTOR OF PHILOSOPHY IN ECONOMICS

The PhD program in economics prepares students to become professional, independent economic researchers applying state-of-the-art methods to analyze economic phenomena.

The Doctoral Programme in Economics aims at providing advanced scientific training in economic analysis. Doctoral graduates in Economics should be able to perform highly demanding tasks and to adapt to new micro- and macroeconomic contexts.

The main objectives of the programme are to:

  • Apply modern economic theory, using analytical and evaluative skills, to understand and solve a variety of economic problems and to make policy evaluations, recommendations, and decisions.
  • Possess the analytical, mathematical, and econometric skills needed to engage in and conduct original research. This will include the ability to use modern, extensive, economic datasets. In doing so, students will be able to understand and replicate contemporary findings within economics research.
  • Produce and publish original economic research; this includes their dissertations as well as the production of research papers appropriate for peer-reviewed academic journals and submission to economic research conferences.
  • Communicate and disseminate knowledge of economics effectively in careers within and outside academia
  • Schedule of Intakes

Department of Economics and Development Studies, University of Nairobi has ONE intake in a year.

  • September Intake (Every Year)

For any assistance and clarification please contact any of the following:

Academic Revenue Office

Tel:+254 20 491 3138

(For all courses) 020 491 0000

Email:[email protected]

More information may also be obtained from the Admissions Office, Main Campus, Administration Block, 1 st floor, room 116, Room A112 or email: [email protected]

6.9 Mode of Delivery

The programme shall adopt blended learning through the use of  face-to-face and online modes. The face-to-face learning will take place within the classroom setting at the Main Campus. Currently, learning is through  online delivery. The online classes are conducted over video conferencing platforms such as Mtihani, Zoom and Google Meet, among others.

The classes are conducted in the evening, Monday to Friday. Time 5.30pm – 8.30pm. 

Students who successfully finish the coursework shall, in the second half of the second year, select their dissertation topics and prepare their thesis proposals, which have to be presented in a proposal seminar in the Department. On approval, the proposal will be forwarded to the Board of Postgraduate Studies for thesis registration.

During the third year, students will be involved with thesis research, fieldwork, and data gathering and analysis under the guidance of their supervisors.  This process will end with a post-fieldwork seminar, where students will present preliminary analyses of their research.  The fourth and final year will be devoted to final thesis write-up and defense.  There will be two distinct parts to this period.  The draft thesis will be prepared during the first half of the year and presented at a thesis seminar in the department.  The draft thesis will be finalized during the second half of the year and defended in accordance with established procedures.

In the first year of study students will take a total of 6 (six) compulsory course units in the core areas of microeconomics, macroeconomics and quantitative methods, two from each area. In each of the two semesters of the first year, candidates shall be required to take THREE (3) compulsory courses.

Semester 1:

  • CEC8101 – Microeconomics I
  • CEC8103 – Macroeconomics I
  • CEC8105 – Quantitative Methods I

Semester 2:

  • CEC8102 – Microeconomics II
  • CEC8104 – Macroeconomics II
  • CEC8106 – Quantitative Methods II

In the first half of the second year, students will continue with further coursework by taking FOUR (4) elective course units selected from the list of electives on offer.  Students shall take the course units from two elective fields only, e.g. Agricultural Economics and Monetary Economics.  In the second half of the second year, students would then prepare for and take comprehensive examinations.

Semester 3:

  • XEA826 – Labour Economics I
  • XEA827 – Labour Economics II
  • XEA846 – Public Sector Economics I
  • XEA847 – Public Sector Economics II
  • XEA851 – International Economics I
  • XEA852 – International Economics II
  • XEA856 – Development Economics I
  • XEA857 – Development Economics II
  • XEA861 – Econometrics I

Comprehensive Examination

  • XET901 – Comprehensive Examination in Microeconomics
  • XET902 – Comprehensive Examination in Macroeconomics
  • XEA905 – Comprehensive Examination in Labour Economics
  • XEA909 – Comprehensive Examination in Public Sector Economics
  • XEA910 – Comprehensive Examination in International Economics
  • XEA911 – Comprehensive Examination in Development Economics
  • XEA912 – Comprehensive Examination in Econometrics

During the third year, students will be involved with thesis research, fieldwork, and data gathering and analysis under the guidance of their supervisors.  This process will end with a post-fieldwork seminar, where students will present preliminary analyses of their research.  The fourth and final year will be devoted to final thesis write-up and defense.  There will be two distinct parts to this period.  The draft thesis will be prepared during the first half of the year and presented at a thesis seminar in the Department.  The draft thesis will be finalized during the second half of the year and defended in accordance with established procedures.

Written Examinations - Core and Electives

  • All candidates shall be required to take and pass examinations in the core courses before proceeding to the second year.
  • All candidates shall be required to take and pass examinations in the four electives during the second year of study.
  • Continuous assessment shall consist of timed tests, assignments, class presentations and seminar papers.
  • Each course shall be examined through a three hour written examination at the end of the semester during which the course was offered.
  • The final examination shall account for sixty percent (60%) of the total marks in each course while the continuous assessment shall account for the remaining 40 per cent.
  • The pass mark shall be fifty percent (50%).
  • The pass mark for the supplementary examinations shall be fifty percent (50%), which is also the maximum attainable mark.
  • A candidate who fails not more than 50% of the units in any academic year will be allowed to sit for supplementary examinations in the failed units when next offered.
  • A candidate who fails more than 50% of the units in any one academic year shall, at the recommendation of the School Board of Examiners and approval by Senate, be discontinued.
  • A candidate who fails in two consecutive supplementary examinations of any one unit shall, at the recommendation of the School Board of Examiners and approval by Senate, be discontinued.

Written Examinations - Comprehensives

  • All candidates who have fulfilled 6.1 and 6.2 above shall prepare and sit for comprehensive examinations in three subject areas, which shall include Microeconomics, Macroeconomics and another subject area of their choice.
  • The Comprehensive Examinations shall be graded out of one hundred percent (100%).
  • The pass mark for each Comprehensive Examination shall be fifty percent (50%)
  • A candidate who fails a Comprehensive Examination in any one unit shall take a supplementary examination the next time offered.
  • A candidate who fails more than 2 Comprehensive Examinations shall, at the recommendation of the School Board of Examiners and approval by Senate, be discontinued.
  • A candidate who fails in two consecutive supplementary comprehensive examinations in a particular subject area shall, at the recommendation of the School Board of Examiners and approval by Senate, be discontinued.
  • A candidate who successfully finishes the coursework and the Comprehensive Examinations shall proceed to prepare and present a thesis proposal.
  • Candidates will be allocated at least two supervisors, one of whom shall be a member of the academic staff in the School.
  • Each supervisor shall be required to compile and submit at least one progress report of the candidate’s work each semester.  The report shall be submitted to the Director, School of Economics with a copy to the Director, Board of Postgraduate Studies for appropriate action.
  • Candidates shall be required to present one seminar paper each semester.
  • The candidate shall write and submit for examination a Thesis compiled from the research work carried out under the direction of not less than two supervisors.
  • The format of the Thesis shall be as prescribed in the common regulations for the degree of Doctor of Philosophy in all Faculties of the University.
  • The thesis is equivalent to 12 core units or 2 academic years of coursework.

The common regulations for the Degree of Doctor of Philosophy in all the faculties of the University of Nairobi shall apply.

The following shall be eligible for admission:

  • Holders of a Master's degree in economics from the University of Nairobi.
  • Holders of a Master's degree in economics from an institution recognized by the University of Nairobi Senate as of comparable academic status.
  • Holders of qualifications deemed by the Senate of the University of Nairobi to be equivalent to (a) and (b) above 

Application Information

Step 1: Visit the application website http://application.uonbi.ac.ke

Step 2: Registration and creation of User Account - To register, you need an email address and phone number that will be validated during registration. Every applicant must create their own personal user account .

Step 3: Profile Management - Key-in your personal details and upload scanned copies of academic certificates and a passport size photograph. Only when your profile is complete can you apply for the programme you wish to undertake.

Step 4: Programme Selection - Select and apply for the course you are interested in. You will be issued with a REFERENCE NUMBER and directed to pay the prescribed application fee through the following Available Payment options:

  • Credit/Debit Card
  • M-Pesa Pay Bill
  • Direct Cash Deposit at any Kenya Commercial Bank (KCB) branch

Upon payment, you will receive a confirmation of the payment on the email address and phone number registered in step 2.

Step 5: Application Tracking - Track the status of your application online through the system.  Alerts will be sent to your registered email address and phone number

Attachment Opportunities

Students may apply for attachment opportunities during the long holidays (May-August) every year. They get the opportunities to expand their economic knowledge and gain professional experience. There are many different types of economics attachments based on various types of work. The key areas: Mathematics and statistics; Research; Communication; Data analysis; Technology; and Business. The attachments opportunities are available in private and public sectors of the economy.

 Contacts of Support Persons

The Chairman,

Department of Economics and Development Studies,

Email: [email protected]

Land line: +254 20 491 3206

Cell Phone: +254722285602

© University of Nairobi 2024.  All rights Reserved.

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Engage-menu, dipak jain named as jindal school’s inaugural eminent phd alumnus.

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by Joy Donovan - February 22nd, 2024 - Alumni , Events , Featured

Image of a letter from R. Chandrasekaran sent to Dipak Jain

The letter is so special to him that he began his recent presentation to PhD students at the Naveen Jindal School of Management by flashing a photo of it for them to see. The one-paragraph letter invited him to further his education at The University of Texas at Dallas and was signed by “R. Chandrasekaran,” who at the time was a professor of operations research in the School of Management. Dr. Chandrasekaran is now Ashbel Smith Professor in the Erik Jonsson School of Engineering and Computer Science.

“That man made me what I am today,” Jain told students and faculty during his recent visit to the Jindal School. It was at UT Dallas that he earned an MS and PhD in management science in 1986. “A small letter like this brought me here. I consider this a place of opportunity.”

Jain, a soft-spoken man with an easy smile, accepted that invitation and went on to excel in his chosen career. The esteemed educator visited his alma mater’s campus to accept the Jindal School’s inaugural Eminent PhD Alumnus Award.

He fell into his career in management education almost by accident. As a student, he discovered through tutoring sessions with his own peers just how much he loved teaching.

“To me, this room is a temple,” Jain said to UT Dallas’ current PhD students assembled in a Jindal School lecture hall. “UT Dallas is no less than any school in the country, when it comes to the PhD program.”

Jain, who calls himself “the hugging dean,” exudes warmth and a gentle manner. His respect for the students, his previous supervisors and his own educational path was evident during his daylong visit on campus. His multiple presentations focused on business management, but much of his personal philosophy woven into those lectures made an impact on those attending.

Photo of Dipak Jain's lecture

“He gave some really nice examples of how you treat people,” said Paul Nichols , MBA’98, an associate professor of practice in the Jindal School’s Organizations, Strategy and International Management Area . “He kept making the point of how a little bit of kindness transformed his life. That opened an entire world for him. That’s the magic of being in the academic world. It’s not just testing and assignments.”

Jain’s two lectures underscored this notion. During his talks, Jain sprinkled inspirational concepts for his upper-level students to consider. Among them, a simple but impactful thought, “Wherever you travel, introduce yourself to the person sitting next to you. Be proactive.”

He also narrated stories that revealed another philosophy, saying that “I think about my journey from success to significance. While you’re successful, think about how you can make a difference in the peoples’ lives who work with you and for you.”

Choosing Jain as the first-ever recipient of the honor was easy, according to Dr. Sumit Sarkar , JSOM’s director of PhD programs and the Charles and Nancy Davidson Chair and a professor in the Jindal School’s Information Systems Area . The idea was originally floated by Dean Hasan Pirkul. The decision was made by the PhD Committee, and its members were unanimous in their decision that Jain was the right alum to be the first to receive this honor.

“Of course it was a no brainer,” Sarkar said. “We are extremely proud of him. He is fantastic.”

The honoree was invited to speak and was also entertained at receptions in celebration of his achievements. Eventually, Jain will be honored in a “PhD Hall of Fame” that will be created in the School of Management building, said Dr. Hasan Pirkul , Caruth Chair and Jindal School.

Photo of (from left) Hasan Pirkul, Dipak Jain, Sumit Sarkar

“It is really great to see him come back because he is an ideal role model for young PhDs,” Pirkul said after presenting Jain with the award at an afternoon reception attended by faculty, students and other stakeholders. “He has not only been very successful in research, but he has also been a well-known and highly respected leader in terms of managing schools. But more importantly he’s a genuinely nice guy. Everyone likes him. If the PhDs only remember that, that would be the best contribution to their lives.”

Currently, Jain resides in Chicago and serves as president emeritus of China Europe International Business School (CEIBS); distinguished professor of marketing, CEIBS; co-director of CEIBS Social Security and Aging Finance Institute; and co-chair of CEIBS Academic Council.

Previously, he was the dean of Northwestern University’s Kellogg School of Management from 2001 to 2009. Since then, he has served as dean of INSEAD, an international business school with campuses in France, Singapore and Abu Dhabi, from 2011 to 2013.

Jain earned his bachelor’s degree in mathematics and statistics in 1976 and his master’s degree in mathematical statistics from Gauhati University (Assam) in 1978. He has published nearly 70 articles in leading academic journals and has earned the notable John D.C. Little Best Paper Award. He has been honored for his teaching and service, including receiving the Pravasi Bharatiya Divas from the Prime Minister of India, an award that recognizes exceptional leadership contributions of overseas Indians. He has performed editorial duties for the journal Management Science , Marketing Science, Journal of Business and Economic Statistics and Journal of Marketing Research .

His achievements are numerous within the corporate world, also. He has served on the boards of John Deere & Company (USA) and Reliance Industries (India). He has served as a consultant to multiple firms, including Microsoft, Novartis, American Express, Sony, Nissan, Eli Lilly and Company and Hyatt International.

His life has not been without struggles, though. He has fought through brain surgery, cancer and other setbacks. His perseverance encourages others. He said he sincerely believes difficulties come our way to make us better, not bitter.

“I think it’s very inspiring, especially since he went through so much,” said Dr. Ying Xie , a marketing professor and the Jindal School’s Marketing Area coordinator. Jain coached her while she worked on her dissertation which resulted in graduating from Kellogg in 2003. “With all that, he’s still taking on new challenges.”

Jain kept a busy schedule the day of his award presentation, starting by addressing the current JSOM PhD students, a special luncheon, and his afternoon lecture “The Enduring Value of Management Education.” He emphasized management education teaches students how to develop a structured approach while working on an unstructured business problem. He said he had been “blessed with good parents, good education, good teachers. He gave credit during the presentation to several UT Dallas mentors including Chandrasekaran, who wrote the keepsake letter, plus Frank Bass, Ram Rao, Shun-Chen Niu and Yu-Min Chen.

Photo of attendees converging in the ECLAT Atrium at a reception to celebrate the historic presentation of the Jindal School's inaugural Eminent PhD Alumnus Award to Dipak Jain (front row, third from left)

After Pirkul presented Jain with his commemorative plaque, Jain became reflective. Thinking of his career, his UT Dallas education and the 1982 letter, he smiled, saying he was grateful.

“Not to be too emotional, I think of being here as paying back to the institution that gave me an opportunity,” he said. “When he sent me that letter, I didn’t know him. My first thought today was I didn’t let those people down. They gave me an opportunity.”

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UT Dallas Jindal School students in a campus coffee shop requestion information

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MHS grad starts tech company that partners with Google

AUSTIN, Texas — Jon Bitz wants to help business owners better use technology.

Bitz, 32, is a 2009 graduate of Monroe High School . Today, he lives in Austin, Texas.

Earlier this month, Bitz and his business partner, Alex Smith, 36, of Fort Wayne, Ind., started KloudStax , a company that resells Google products and offers technical support to customers. It has 20 employees who work virtually. Bitz focuses on sales, and Smith is in technical work and support.

“We have talent from around the world. It’s heavily focused on tech. A lot are engineers,” Bitz said.

KloudStax has a partnership with Google.

“We gained authorization to resell Google products legally. We also provide professional services — like migrations and consultations — to companies,” Bitz said.

KloudStax sells Google email, workspace, servers, storage, artificial intelligence, data analytics and security. The company also helps businesses move to Google and then offers them support.

“We move all servers or databases to Google. We show them what is most cost-effective. We’ll go and scope out what they do and how they do it and give them a plan on how to move to Google,” Bitz said.

All the work is done virtually. The projects can take just a couple weeks to more than a year.

“It’s over the internet. We migrate services to Google services, we support set up, we fix issues,” Bitz said.

Bitz said Google does offer its own support, but because it has so many clients, it seeks partners to help them out.

“Google leans on its partners. Google has tons of customers. Google will bring us into customers that our capability aligns to,” Bitz said. “This gives them an extension to another team that supports and acts as if they’re Google. There’s a pretty decent amount of companies that do it.”

Bitz said KloudStax is growing fast.

“We just officially launched the company and already have 20+ customers,” he said. “For the most part they are businesses. They could be anywhere from a mom-and-pop pizzeria to a 70,000-employee business. It’s a wide range. Businesses that use email to communicate with customers and vendors or have a website, we would probably have a conversation.”

Bitz is one of three children of Joseph and JoAnn Bitz of Monroe. After graduating from MHS, Bitz attended Adrian College, where he played football. He then transferred to the University of Toledo and planned to play baseball, but got injured.

“I never played,” he said.

In 2014, he earned a business administration degree in marketing from UT. While there, he had a business booking concerts. After graduating, he moved to Austin.

“My sister lives in Austin. I visited her, and she talked me into interviewing with a tech company. There was a better future in that than music,” Bitz said.

Subscribe Now: For all the latest local developments, breaking news and high school sports content.

He worked in sales for Dell and Cisco System. Then he got into reselling products and worked for Carousel Industries before starting KloudStax.

“I get to work with a bunch of very smart people,” Bitz said. “My goal is to continue to give people the ability to use technology and to give (employees) the opportunity to do something different, to open doors to people in the tech world. I want to grow as big as we can get.”

To learn more, visit Kloudstax.com .

— Contact reporter Suzanne Nolan Wisler at [email protected] .

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