Financial management

Undergraduate study
Graduate study
Study duration
2 years
(4 semesters)
ECTS credits
120 ECTS
Professional or academic title
University Master of Economics
(MEcon)

Introduction

At the graduate university study in Business Economics, majoring in Financial Management, the student acquires additional knowledge in the field of finance, and if they want a stronger focus on the accounting field, they can achieve this through the elective subjects of the major. The graduate study should also provide students with knowledge in modern analytical techniques and new skills in order to create a solid basis for financial decision-making, and help increase their individual effectiveness in the field of finance. After completing this program, the student will be qualified in financial planning and management, investment planning, money and short-term securities management, credit counseling in banks, corporate finance, risk management and insurance, securities trading, investment and pension funds management, accounting and audit work. Such competences will enable employment in the private, public and state sectors.
Additional info

Study outcomes:

After completing the graduate university study in Business Economics, majoring in Financial Management, students will be able to:

  1. Analyze trends and developments in financial markets and manage financial instruments and taxes accordingly;
  2. Present in an informed manner their knowledge, attitudes and research results in the field of financial management;  
  3. Think critically when systematically solving quantitative and qualitative problems in financial management;  
  4. Create financial statements in heterogeneous organizations or institutions and evaluate their reliability by applying relevant accounting and auditing standards;
  5. Master and be able to apply modern, sophisticated techniques, methods and models that are necessary for making strategic business decisions in financial management.

Teaching at the study is conducted over 4 semesters. The distribution of ECTS credits is indicated below:

  • 30 ECTS credits are acquired in six compulsory courses that are offered in all majors that have a common content and cover the areas of managerial economics, research methods, leadership, project management, controlling and strategic management. With these courses, most of the joint learning outcomes of all majors are achieved.
  • 90 ECTS are distributed among majors, and the distribution of ECTS credits across semesters is made as follows:
  • In the first semester:
    • 15 ECTS credits are acquired through the common content in all majors (three courses) in the field of managerial economics, research methods and leadership.
    • 15 ECTS credits are distributed among the compulsory courses of the major.
  • In the second semester:
    • 10 ECTS credits are acquired through the common content in all courses (two courses) in the field of project management and controlling.
    • 20 ECTS credits are distributed among the compulsory courses of the major.
  • In the third semester:
    • 5 ECTS credits are acquired through the common content of all majors (one course) in the field of strategic management.
    • 25 ECTS credits are distributed among the major content, namely:
      • 10 ECTS credits for compulsory course content (2 courses).
      • 15 ECTS credits for elective course content (grouped in two specialized modules).
  • In the fourth semester
    • 15 ECTS credits are acquired through the diploma thesis
    • 15 ECTS credits are distributed among the elective course content, which can be completed in one of the following ways or in a combination of the following ways:
      • through major elective courses.
      • through university elective courses (only if the schedule permits it)
      • through courses from the ERASMUS+ mobility program or other types of mobility programs at other universities in accordance with the student’s approved study plan.
      • through student professional practice.
1st Semester
no.
COURSE NAME
Mandatory/Elective
P
S
V
ECTS
1.
Managerial economics
Mandatory
30
0
0
5
2.
Research methodology
Mandatory
30
15
0
5
3.
Leadership
Mandatory
30
0
0
5
4.
Banking
Mandatory
30
15
0
5
2nd Semester
no.
COURSE NAME
Mandatory/Elective
P
S
V
ECTS
1.
Project management
Mandatory
30
15
0
5
2.
Controlling
Mandatory
30
0
15
5
3.
Local public finances
Mandatory
30
0
0
5
4.
Financial derivatives
Mandatory
30
0
0
5
5.
Tax management
Mandatory
30
0
0
5
6.
Corporate finance
Mandatory
30
0
15
5
3rd Semester
no.
COURSE NAME
Mandatory/Elective
P
S
V
ECTS
4th Semester
no.
COURSE NAME
Mandatory/Elective
P
S
V
ECTS
1.
Risk Management
Elective
15
0
15
4
2.
Graduation thesis
Mandatory
0
0
0
15
3.
E-accounting
Elective
15
0
15
4
4.
Financial intermediation
Elective
15
0
15
4
5.
Financial law
Elective
30
0
0
4
6.
Fiscal policy
Elective
30
0
0
4
7.
Credit analysis
Elective
15
0
15
4
8.
Insurance
Elective
30
0
0
3
9.
Personal finance
Elective
30
0
0
4
10.
Predictive analytics
Elective
15
0
15
4
13.
Risk management
Elective
15
0
15
4
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