Finance, Banking and Insurance

8.072.00.01 Finance, Banking and Insurance
Qualification awarded: Master in finance, banking and insurance
Entry year: 2021
Mode of study: full
Program duration: 1 year and 4 months
Institute: Institute of Economics and Management
Number of credits: 90 ECTS credits
Level of qualification according to the National Qualification Framework and the European Qualifications Framework: NQF Level 7 (Second cycle of QF-EHEA / EQF Level 7)
Field(s) of study: Management and Administration
Specific admission requirements: Excluded
Qualification requirements and regulations, including graduation requirements: Total fulfillment of the curriculum, defense of master’s degree qualification work.
Characteristics of the educational program: Emphasis is placed on the formation of universal professional knowledge, analytical, communicative, organizational skills of integrative problem solving, which is achieved through the taxonomy of educational goals in the field of finance, banking, and insurance. The educational and professional program has four practical lines: corporate finance, public finance, finance and credit, international finance.
Gained competence: (SOFTWARE LEARNING RESULTS): To use the fundamental principles of finance, banking and insurance in combination with research and management tools for professional and scientific activities. To know at the level of the latest achievements the basic concepts and methodologies of scientific knowledge in the field of finance, banking and insurance. To carry out adaptation and modification of existing scientific approaches and methods to specific situations of professional activity. To search, process, systematize and analyze information needed to solve professional and scientific problems in the field of finance, banking and insurance. Be able to communicate freely in a foreign language orally and in writing on professional and scientific issues, present and discuss research results. Be able to present the results of the research in an accessible and reasoned way orally and in writing, to take part in professional discussions. To solve ethical dilemmas based on the rule of law, ethical principles and universal values. Be able to apply and manage innovative approaches in the field of finance, banking and insurance. To apply management skills in finance, banking and insurance.
To carry out diagnostics and modeling of financial activity of business entities. To apply in-depth knowledge in the field of financial, banking and insurance management for decision making. To justify the choice of management decisions in the field of finance, banking and insurance and evaluate their effectiveness taking into account the objectives, existing restrictions, legal and ethical aspects. To assess the degree of complexity of tasks in planning activities and processing its results. To apply conceptual knowledge of financial relations research methodology in financial and non-financial corporations. To substantiate the directions of improvement of financial and tax policy of the state, financial and non-financial corporations. To choose methods of adaptation and directions of use of international standards and norms in the practical activity of a professional in the field of finance. To use tools and technologies of modern management in the management of financial and non-financial institutions (financial controlling, budgeting, tax monitoring, rehabilitation, optimization of business processes). To carry out general, financial, tax, operational due diligence within the activities of financial and non-financial corporations. To use information systems of state financial bodies and corporate information systems, electronic systems for the transfer of banking information, interbank and other payment systems. To choose and apply economic and mathematical methods and models and determine the benefits of their application in the activities of financial and non-financial corporations. Program learning outcomes in terms of NRC:
To have conceptual knowledge acquired in the process of learning and professional activity, including certain knowledge of modern achievements. To have critical understanding of basic theories, principles, methods and concepts in teaching and professional activities. To solvе complex unforeseen tasks and problems in specialized areas of professional activity and / or training, which involves the collection and interpretation of information (data), the choice of methods and tools, the use of innovative approaches. Communicating information, ideas, problems, solutions and personal experience in the field of professional activity to specialists and non-specialists.
Academic mobility: None, but mobility is encouraged and recognized according to ECTS procedures
Work placement(s): Pre-diploma practice
Programme director: Sc.D., Prof. Liudmyla Shkvarchuk [liudmyla.o.shkvarchuk@lpnu.ua]
Occupational profiles of graduates: Graduates of the master's program have employment opportunities in financial institutions, enterprises of various forms of ownership, in state and municipal financial management bodies in positions with professional functions in one or more of the economic activities: financial intermediation, insurance; banking, activities in the field of accounting, business and management; activities in the field of state and municipal administration; supervision in the field of budgeting and taxation, management at the level of districts, cities, inner-city districts, territorial communities. Positions according to DK 003: 2010: 1461. Managers (managers) in the field of monetary intermediation; 1462. Managers (managers) in the field of financial leasing; 1463. Managers (managers) in the field of lending; 1465. Managers (managers) in the field of life insurance and savings; 1466. Managers (managers) in the field of pension insurance; 1467. Managers (managers) in support activities in the field of finance; 1468. Managers (managers) in ancillary activities in the field of insurance; 1469. Managers (managers) in other types of financial intermediation; 2414. Professionals on the financial and economic security of enterprises, institutions, and organizations; 2413. Professionals working with securities; 2419.3. Professionals of civil service and local self-government.
Access to further studies: Obtaining third (educational and scientific / educational and creative) level
Other program features: The program is comprehensive, manifested in the training of professionals in key areas of the financial system. At the choice of applicants, some educational components are taught in a foreign (English) language. The program has a pronounced practical orientation, which is manifested in the presence of laboratory work, mandatory individual applied tasks in the implementation of course projects, and the requirements for qualification work.