MSc in Finance

1. Name of the master's programme: Finance

2. Level of qualification obtainable in the master's programme and designation of professional qualification on the degree:

• level of qualification: master's degree (magister, master; abbreviated: MSc)
• qualifications: Economist in Finance

3. Field of training: Economics

4. Degrees accepted as prerequisites for admission to the master's programme:

4.1. Full credit value can be considered: finance and accounting, economics and management bachelor's training courses.

4.2. The credits specified in Section 9.2 may primarily be taken into account: applied economics, economic and financial mathematical analysis, public service, business and management, trade and marketing, human resources, international business, tourism and hospitality, basic training for business educators.

4.3. The following may also be taken into account by completing the credits specified in point 9.2: those bachelor's and master's degree programmes, as well as those programmes pursuant to Act LXXX of 1993 on Higher Education, which are accepted by the credit transfer committee of the higher education institution based on a comparison of the knowledge serving as the basis for determining the credit.

5. Duration of the training programme in semesters: 4 semesters

6. Number of credits to be collected to obtain a master's degree: 120 credits

• orientation of the training programme: practice-oriented (60-70 percent)
• credit value assigned to the thesis: 15 credits
• minimum credit value for optional subjects: 6 credits

7. The field of study classification of the vocational qualification according to the unified classification system for training areas: 343/0412

8. The training objective and professional competencies of the master's degree programme

The objective of the training is to train economic professionals who, with their financial and economic literacy, and their internationally competitive, modern and high-quality theoretical, methodological and practical knowledge, are capable of independent, creative, and economically oriented thinking, and of managing and analyzing the financial processes of the economy at both macro and micro levels. With their business and methodological knowledge, consciously developed leadership skills and abilities, they become capable of performing financial tasks in various areas of domestic and international economic life, in the public and private sectors, and of processing and enriching financial literature. They are prepared to continue their studies in a master's degree programme.

8.1. The professional competencies to be acquired

8.1.1. In Finance programme the economist

a) knowledge

• Has mastered the concepts, theories, processes and characteristics of economics and the micro and macro levels of organization of the economy and is familiar with the determining economic facts.
• Understands the structure, operation and domestic and transnational relations of business organisations, their information and motivational factors, with particular regard to the institutional environment. Knows the European integration process and the policies of the European Union related to its activities.
• Possesses modern, theoretically demanding mathematical-statistical, econometric and modelling methods for problem identification, formulation and solution, information collection and processing, and is aware of their limitations. Knows the planning and management rules, professional and ethical standards of enterprises, business organisations and projects.
• Knows standard financial models, with particular attention to standard models of economics and their applicability.
• Knows the methodology of corporate financial and investment decisions, the methodology of analyzing corporate investments and other investments, the possibilities of corporate financing and tax matters.
• In addition to the solid foundations acquired in the field of financial theory, students are also comfortable with specialised topics that can help them find employment in the broader financial sphere (banks, insurance companies, brokerage firms, investment fund and asset managers, as well as their supervisory bodies and the central bank).
• Knows the pricing of money and capital market instruments, capital market transactions and the valuation procedures related to them, and the theory and practice of derivative transactions, which are important in financial risk management.

b) abilities

• Independently formulates new conclusions, original ideas and solutions, is able to apply sophisticated analysis and modeling methods, develop strategies to solve complex problems, and make decisions, even in a changing domestic and international environment and organisational culture.
• After gaining practical knowledge and experience, they manage medium and large-sized enterprises and complex organisational units, perform comprehensive economic functions in business organizations, plan and manage complex management processes, and manage resources. They are able to work effectively in an international, multicultural environment.
• Able to lead and manage the financial functions of large and medium-sized enterprises, including those that are connected to the capital market due to their activities or capital structure, or are exposed to significant financial risks.
• Able to provide high-quality analytical, decision-preparation and decision-making activities for companies.
• Able to price money and capital market instruments, managing and directing capital market transactions, analyzing investments and other investments, and managing financial risk in derivative transactions.
• Able to perform financial analysis, decision preparation and decision-making tasks at financial institutions, budgetary institutions, and national governing organisations.

c) attitude

• Critically assesses own and subordinates' work and behavior, demonstrates innovative and proactive behavior in dealing with economic problems.
• Open and receptive to new findings in economic science and practice.
• Characterised by a cultured, ethical and objective intellectual attitude in his approach to people and social problems, and in his work, he pays attention to broader social, sectoral, regional, national and European values ​​(including social, ecological and sustainability aspects).
• Strives to develop his knowledge and working relationships, and encourages, helps and supports colleagues and subordinates to do so.
• Open to cooperation and participation in group work.
• Creative in his work, oriented towards problem identification and solution.
• Strives to solve problems in collaboration with others, whenever possible.
• Initiator in social and public affairs.

d) autonomy and responsibility

• Independently selects and applies relevant problem-solving methods in areas of importance from an organizational policy, strategy, and management perspective, and independently performs economic analysis, decision-making, and consulting tasks.
• Takes responsibility for his/her own work, for the organization he/she manages, for his/her business, for his/her employees. Independently identifies, plans and organises his/her own and his/her subordinates' professional and general development, and assumes and bears responsibility for them.
• It also reflects outstanding standards in professional work, and considers the general education associated with intellectual life, including the sources and methods of its acquisition, to be important.
• Interested in changes in the social, economic and legal environment of the financial world, and is characterised by responsible consideration and consideration of the consequences of professional decisions.
• Socially sensitive, risk-aware, and characterised by personal responsibility in decision-making.
• Takes responsibility for the findings and professional decisions expressed in his/her expert opinion, and for the work processes carried out by him/her or under his/her direction.

9. Characteristics of the master's degree programme

9.1. Professional characteristics

9.1.1. The disciplines and areas of expertise leading to the professional qualification, from which the training programme is built:

• knowledge of economics and social sciences (quantitative decision-making methods, mathematical-statistical analysis, financial economics, financial law, research methods) 30-50 credits
• financial professional knowledge (advanced corporate finance, advanced finance, financial market analysis, investments, risk management and measurement, taxation, financial statement analysis, history of financial theory) 20-40 credits.

9.1.2. Taking into account the optional specialisations, special knowledge can be acquired in the fields of applied corporate valuation, corporate crisis management, financial controlling, corporate financial information systems, strategic investments and real options, investment and financing decisions, banking operations, bond and stock markets, derivatives, empirical finance, monetary policy, community finance, tax theory and policy, sectoral budget management, specialised accounting and controlling. The credit ratio of the specialisation recommended by the training institution within the entire training is 25-45 credits.

9.2. Minimum requirements for entry to the Master's degree cycle for holders of the diplomas specified in points 4.2 and 4.3:

The minimum number of credits required for admission to the master's programme is 60 credits in the following areas:

• methodological knowledge (mathematics, statistics, computer science) 15 credits;
• economic knowledge (micro- and macroeconomics, international economics, environmental economics, economic theory, economic statistics, history of economic theory, economic modeling, economic policy, sectoral and functional economics, community economics, global and European economics, public policy) 10 credits;
• 10 credits in basic business knowledge (corporate economics, accounting, controlling, human resource management, economic law, marketing, management and organization, value creation process management, decision theory and methodology, business ethics, strategic planning, business communication);
• 10 credits in basic social sciences (European Union, general and economic law, economic history, sociology, psychology, philosophy);
• 15 credits in the field of professional knowledge (finance, money and capital markets, banking, monetary policy, taxation, corporate finance, company valuation).

Admission to the master's programme requires that the student have at least 30 credits in the listed areas based on their previous studies. Missing credits in the master's programme must be earned in accordance with the study and examination regulations of the higher education institution.