B.Sc. in Finance

Specialization in Finance focuses on consolidating the student’s knowledge of the theoretical framework and analytical methods required for successful financial decision-making, under conditions of uncertainty prevailing in the complex, competitive and globalized business environment. Students with this specialization will develop the skills to undertake financial activities (in relation to capital markets, investment decisions and risk management) in a wide range of organizations, including banks, insurance companies, brokerage firms, portfolio management agencies, industrial firms, commercial firms and government agencies (such as the Central Bank and the Ministry of Finance). Students will also acquire the knowledge and skills necessary to continue their studies at the postgraduate level (Master, PhD), or earn professional certifications such as the CFA (Chartered Financial Analyst).

Our students, who have graduated with a degree in Finance, have been admitted to graduate programs at very prominent universities, for example, the University of London School of Economics, Manchester, Warwick, University College London and Southampton, as well as doctoral programs in the United States. Our graduates have also been awarded scholarships from the CFA society to pursue their professional qualifications.

The following tables depict all upper-level course requirements, along with each course’s prerequisites shown in parentheses. These requirements are typically fulfilled in the students’ third and fourth year of studies.


Depth Courses

The undergraduate program in Finance requires successful completion of nine depth/specialization courses (these courses should be in addition to AFN222: Corporate Financial Management which is required for all students of the Department). Five out of nine depth/specialization courses are required by all students who want to specialize in Finance:

Course  Title Prerequisites
AFN 321 Corporate Finance II AFN 222
AFN 322 Investment and Portfolio Management AFN 222
AFN 323 Modern Capital Budgeting AFN 222
AFN 325 Options, Futures and Risk Management AFN 222
AFN 421 Financial Policy AFN 321, AFN 322

The remaining four courses are designed to allow students to customize their degree to suit their particular interests, and/or to expand their knowledge of finance topics and application areas beyond their specialized focus. Students, who specialize in Finance, may choose the remaining four depth courses from the list below (two out of four Finance depth courses may be also replaced by other appropriate courses offered in Accounting or Economics, with approval of the Academic Advisor):

Course Title Prerequisites
AFN 324 Bank Financial Management AFN 222
AFN 411 Financial Statement Analysis AFN 111
AFN 422 Public Finance AFN 222
AFN 423 International Financial Management AFN 322
AFN 424 Financial Modeling AFN322, BPA 343
AFN 425 Contemporary Issues in Finance AFN 222
AFN 426 Insurance and Risk Management AFN 222

 

Breadth Courses

Students majoring in Finance must select seven courses (42 ECTS) from the other fields of the School of Economics and Management (accounting, management science, marketing, management, and Economics). These requirements are met by a course in Economics, two Accounting courses, three courses from the other fields, and the course, BPA 346, Quantitative Methods in Management II. Students are encouraged to choose breadth courses from the suggested list below. (Students can also replace up to two depth courses in Finance from the list below, provided that the same course is not used to meet other requirements). Finance students, who are interested in obtaining exemptions from professional accounting exams, are encouraged to consult their academic advisor at the beginning of the third year of their studies for proper guidance.

Course Title
AFN 311 Financial Reporting II
AFN 312 Managerial Accounting and Costing II
AFN 318 Auditing I
AFN 319 Taxation I
AFN 410 Financial Reporting in the Banking Sector
AFN 417 Auditing II
AFN 418 Financial Accounting II
AFN 419 Taxation II
ECON 306 International Finance (if AFN 423 not taken)
ECON 310 Money, Banking and Financial Markets
ECON 370 Topics in Finance and Monetary Analysis
ECON 415 Game Theory
ECON 473 Applied Econometrics
BPA 343 Applied Mathematical Modeling
BPA 447 Quantitative Methods in Management II

The above requirements allow Finance students to claim all exemptions from professional Accounting examinations offered by the Department. Students, who are interested in the exemptions, should consult their Academic Advisors at the beginning of their third year of study.

The table below shows the recommended course schedule for 3rd and 4th year students with specialization in Finance:

Third Year
5th Semester 6th Semester
AFN 321: Corporate Finance II AFN 323: Modern Capital Budgeting
AFN 325: Options, Futures and Risk Management AFN 322: Investment and Portfolio Management
Up to 3 elective courses * BPA 346: Quantitative Methods in Business II
  Up to 2 elective courses *
 
Fourth Year
7th Semester 8th Semester
PBA 435: Strategic Management                                     AFN 421: Financial Policy
Up to 4 elective courses * AFN 416: Business Ethics and Corporate Governance
  Up to 3 elective courses *

* Other depth courses, breadth courses, free electives or thesis

For the List of Exemptions from the Accountancy Bodies please click here.

Courses description

Coordinator for B.Sc. in Finance: Spiros H. Martzoukos & George P. Nishiotis