The Master of Philosophy aims to expand knowledge beyond the undergraduate honours or postgraduate diploma level, culminating in a research thesis. Upon completion of a master by research degree, you may apply to be considered for entry into a Doctor of Philosophy (PhD) program. A higher degree by research differs from other postgraduate degrees in that at least two-thirds of the study program must involve research. Although some coursework units may be required, the main part of your work will be in the form of a thesis written under the guidance of a supervisor and associate supervisor(s). Your thesis must, in the opinion of the examiners, be a substantial original contribution to the knowledge or understanding of any field through the discovery of new facts, the formulation of theories or the innovative reinterpretation of known data and established ideas. It must also demonstrate your capacity to conceive, design and complete independent research. This course is designed to extend theoretical knowledge and associated techniques to a higher level. Students focus on one of the two areas, although coursework and research may be carried out in both areas. The degree is suitable for those who plan to pursue careers as professional economists or finance specialists in both public and private sectors or in academia. Professional recognition Depending on your area of speciality, you may be eligible for membership of various professional organizations upon graduation.