Infopaket

Financial Institutions and Risk Management

Master of Finance, Banking and Insurance of educational program "Financial Institutions and Risk Management"

2 years

120

7

Second (Master)

Management and administration

KnowledgeField EN

Admission is based on the results of a single entrance exam in a foreign language and an entrance exam in a major subject. The holders of bachelor's degrees in other specialization, took additional entrance exam in the major subject

First cycle of higher education (NQF Level 6) or higher.

The certification of graduates of the educational program is carried out through the public defense of the qualifying master's thesis and concludes with the issuance of a prescribed document conferring the master's degree and granting the corresponding qualification. The defense of the final thesis assesses the ability to conduct research on specific areas of financial institutions' activities and their management.

PR01.Utilize fundamental principles of finance, banking, and insurance in conjunction with research and management tools to engage in professional and scientific activities. PR02.Possess knowledge of the latest concepts and methodologies in scientific inquiry in the field of finance, banking, and insurance. PR03.Adapt and modify existing scientific approaches and methods to specific professional situations. PR04.Seek, process, systematize, and analyze information necessary for solving professional and scientific tasks in the field of finance, banking, and insurance. PR05.Communicate fluently, both orally and in writing, in a foreign language regarding professional and scientific matters, present, and discuss research findings. PR06.Present research results in a clear and well-argued manner, both orally and in writing, and actively participate in professional discussions. PR07.Resolve ethical dilemmas based on legal norms, ethical principles, and universal values. PR08.Apply innovative approaches in the field of finance, banking, and insurance and manage them effectively. PR09.Apply management skills in the field of finance, banking, and insurance. PR10.Diagnose and model the financial activities of economic entities, including financial institutions. PR11.Apply advanced knowledge in risk management and the activities of financial institutions to decision-making processes. PR12.Justify the choice of management decisions in the field of finance, banking, and insurance, evaluate their effectiveness considering goals, constraints, legislative and ethical aspects. PR13.Assess the complexity of tasks in the planning of financial institutions' activities and the processing of their results. PR14.Substantiate the relevance of research, the possibility of achieving set goals considering available resources, propose hypotheses, and argue conclusions based on research results. PR15.Present the results of their research, including the preparation of scientific publications and presentations at scientific events. PR16.Determine the vectors of targeted financing, directions, and peculiarities of relationships with fundraisers, apply methods for determining the necessary funding volumes, attract venture capital, and employ equity dilution techniques. PR17.Determine the vectors of innovative development of the financial services market and the directions and peculiarities of applying innovative financial platforms. PR18.Apply general scientific and specialized research methods aimed at understanding applied aspects of behavioral finance. PR19.Critically evaluate proposed management decision options, develop and justify proposals for their improvement considering criteria of uncertainty and rapid changes, risks, and potential consequences. PR20.Demonstrate skills in financial reporting, analysis, and interpretation of financial, statistical, and related information.

Full-time form

The final evaluation of learning outcomes at the University is carried out on a single 100-point scale. The assessment of the applicant corresponds to the ratio established of the level of professional and general competencies to the planned learning outcomes (as a percentage). The minimum positive level of assessment is 60 points. According to the results of exams, according to the results of diploma work; based on the results of practice work, the student is also graded on a four-point scale: “Excellent”, “Good”, “Satisfactory”, “Unsatisfactory”. If the final exam is not conducted after some disciplines, the results of the applicant’s work are evaluated on a 2-point scale: “Passed” or “Fail”. Observance of academic integrity by all participants in the educational process is mandatory.

Scientific research practice is a mandatory component of the educational and scientific program for obtaining a Master's degree in Economics. The main base for scientific research practice is the Department of Insurance, Banking, and Risk Management of the Faculty of Economics, as well as research libraries. The duration of the practical training is determined by the curriculum. The final form of assessment is the defense of reports on the practice at the faculty. Additional requirements for completing the practice are defined in the guidelines and the work program.

The ability to perform professional tasks and hold positions in organizations across various sectors of economic activity, with job responsibilities that require competence in the field of finance, banking, and insurance, including: Central banks, Second-tier banks, Consulting companies, Asset management companies, Investment institutes, Non-governmental pension funds, Insurance companies, Rating agencies, Other non-banking financial and credit institutions. Professionals with expertise in finance, banking, and insurance can pursue careers in these organizations and contribute to their operations in various capacities.

The possibility of studying in a PhD program: Level 9 of the NQF, the third cycle of the QEHEA, and Level 8 of the EQF-LLL