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Institute of Finance Management — IFM

Address: 5 Shaaban Robert St, Dar es Salaam, Tanzania

Description Institute of Finance Management — IFM

  • Established: 1972
  • Type of institution: higher education institution
  • Location: Dar Es Salaam, Tanzania
  • Number of students: 9,228
  • Language of instruction: English.

Since its founding in 1972, the Institute of Finance Management (IFM) has been Tanzania's oldest financial institution of higher education and has been committed to excellence in teaching, research, and counseling. At IFM, students are inspired and challenged to explore the critical challenges of the 21st century in the areas of financial management, insurance, social protection and information technology. The Institute has four faculties that award certificates, diplomas and degrees. Today, the educational institution has about 38,350 graduates.

Programs, courses and tuition/boarding fees, prices in Institute of Finance Management — IFM

Program name


  • Dates: year-round
  • Duration: 1-2 years.

The Institute offers programs for obtaining a basic certificate of a technical specialist in the following areas:

  • Accounting (BTCA)
  • Banking and Finance (BTCBF)
  • Computer Engineering and IT Technology (BTCC & IT)
  • Insurance and Social Security (BTCISP)
  • Taxation (BTCT).


  • Dates: year-round
  • Duration: 2 years.

IFM diploma programs are implemented in the following areas:

  • Accounting (ODAC)
  • Banking and Finance (IIBF)
  • IT Technology (ODIT)
  • Computer Science (ODCS)
  • Insurance and Risk Management (ODIRM)
  • Social Protection (ODSP)
  • Taxation (ODTM).


  • Dates: year-round
  • Duration: 3 years.

The Institute offers undergraduate programs in the following areas:

  • IT technology
  • Actuarial Sciences
  • Accounting
  • Computer science
  • Taxation
  • Social protection
  • Risk Management and Insurance
  • Finance and Banking
  • Finance and economics.


  • Dates: year-round
  • Duration: 1.5-2 years.

The Institute offers master's programs in the following areas:

  • IT technologies and management
  • Finance and accounting
  • Social Protection Policy and Development
  • Insurance and actuarial sciences
  • Human capital management
  • Investments and finances.

Accommodation, housing and food

The Institute provides hostels for students with special needs and some freshmen from other countries.

It should be noted that IFM does not guarantee accommodation for each first-year student or any continuing student.


  • The Institute is included in TOP-20 best educational institutions in the country
  • IFM provides learning opportunities for students of all nationalities, cultures and religions
  • The educational institution uses a competency-based approach to learning, striving to develop three balanced subject areas in students: cognitive (mental abilities), affective (attitude and behavior in the areas of their profession) and psychomotor (relevant skills in their areas of specialization).

Equipment Institute of Finance Management — IFM

The IFM main campus is located in the center of Dar es Salaam, on Robert Shaaban Street, opposite the National Museum.

The material and technical support of the educational institution includes:

  • 27 classrooms
  • 10 lecture halls
  • 7 computer laboratories equipped with multimedia, printing and copying equipment
  • Computers with Internet access throughout the campus
  • The library.

Term dates, timetable and extra fees

The institute has a two-semester academic year, which begins in the last week of October and the first week of November.

Additional expenses:

  • The cost of living in Dar es Salaam = 716 $ -1011 $ / month.

Entry requirements, assessment and extra fees, how to apply, what is required to enrol, conditions, entry tests and exams

To enter the institute, you must submit an online application and provide documents about education.

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Institute of Finance Management — IFM reviews

Recommendations on when to apply

Language courses, schools and children's language camps Primary and secondary education - private schools Preparation programmes for entering universities - higher education Higher education (after completing accredited programs A-level, IB, High School) - Bachelor, Master, MBA
- we recommend to apply 6-9 months before the start of the course (some camps and schools offer discounts for early booking or for lengthy study programs)
- there are some very popular and high demand children's camps, where the applications need to be submitted 1 year in advance (in particular Switzerland , Great Britain , USA , Canada , Austria)
- we recommend to apply one year before the start of the training program,
- some schools have a specific time frame (September-November - please specify an individual school)
- some schools require tests in several stages (UKISET, internal tests of the school: English, mathematics, logics, subjects, interview, some require a personal visit)
- we recommend to apply one year before the start of the program,
- for Foundation and Pathway programs, IELTS and TOEFL certificates are usually required, respectively

- recommended submission one year before the start of the program,
- the deadline normally closes in January, for TOP HEIs and, as a rule, in March in other universities
- for a bachelor, a Foundation or Pathway preparatory program a completed A-level, IB, High School + IELTS / TOEFL are required
- for Masters you need a graduated higher education, in some cases you need a pre-Masters program
- MBA requires completed higher education, work experience preferably at least 2-3 years, etc.
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