MSc in
MSc in Financial Management Athens University of Economics & Business
Introduction
The M.Sc. program in Financial Management is a recently established postgraduate program of the Department of Accounting and Finance of AUEB’s School of Business. The program operates in accordance to the university’s regulations and Law 4957/2022. The program is taught in English, mainly aiming to attract international students or Greek students who are interested in attending a top-quality English-Speaking Master's program. The program is also addressed to business executives who are employed by multinational enterprises based in Greece or abroad, that mainly operate in English, and wish to develop their skills in the constantly evolving scientific field of Financial Management.
The program’s international profile is in line with the latest global economic and business developments, primarily aiming to better qualify its graduates and boost even more their job placement prospects in the highly competitive international marketplace.
The Program’s Mission
The program’s mission is the advancement of knowledge and scientific research in the field of Financial Management, which examines methods and practices that lead to the optimal allocation of the financial resources of modern enterprises and organizations. Proper Financial Management of modern public and private organizations is a key pillar that can greatly support a country's economic development as well as the society’s well-being. In addition, the internationalization of financial practices and the ongoing interaction between different countries and organizations, have imposed English as an international trading and communication language. This mission is accomplished through a contemporary and well-designed curriculum that utilizes a variety of teaching methods apart from the study of international scientific literature, such as laboratory classes, case studies, and individual or team assignments.
Specialization in Financial Management
The specialization is addressed to students who are interested in attending a top-quality master’s program in Financial Management. The curriculum is designed to develop them into business executives that use their knowledge of advanced corporate finance and financial reporting tools in evaluating and resolving complex business situations.
Students will:
- develop an advanced understanding of the use and implementation of applied financial management tools required for the successful and efficient management of a multinational company.
- be qualified to work as top executives in the financial management business field.
Students must complete 12 modules and an MSc Dissertation or an internship.
The Master’s Program in Financial Management is equal to seventy-five (75) ECTS credits (European Credit Transfer and Accumulation System), and includes twelve (12) courses , worth five (5) ECTS credits each, as well as the MSc thesis, worth fifteen (15) ECTS credits.
The program includes four (4) preparatory courses in each specialization a) Financial Management and b) Data Driven Financial Management, which are offered in September each year. Final registration at the program requires successful attendance and examination in all preparatory courses unless one is exempted upon the approval of the Program's Committee.
The lectures are conducted in the morning or in the afternoon.
| Preparatory Course - 4 Weeks | |
| Introduction to Financial Accounting | Pass |
| Introduction to Finance | Pass |
| Fundamentals of Econometric & Statistical Analysis | Pass |
| Principles of Programming | Pass |
| 1st Bimester Period | ECTS |
| Financial Management | 5 |
| Econometric Methods | 5 |
| Accounting For Corporations I | 5 |
| 2nd Bimester Period | ECTS |
| International Finance | 5 |
| Corporate Finance | 5 |
| Accounting for Corporations II | 5 |
| 3rd Bimester Period | ECTS |
| Investment Management | 5 |
| Accounting Measurement of Financial Instruments IFRS 9 | 5 |
| Fundamental Analysis of Investments | 5 |
| 4th Bimester Period (students must select three courses equal to a total of 15 Credit Units) | ECTS |
| Derivatives Markets and Valuation | 5 |
| Corporate Financing: Trends and Developments | 5 |
| Commercial and Investment Banking | 5 |
| Financial Planning | 5 |
| Sustainability Management and Reporting | 5 |
| Fraud Examination | 5 |
| Mergers and Acquisitions | 5 |
| Taxation Issues | 5 |
| Dissertation | ECTS |
| Dissertation - Summer Months | 15 |
Specialization in Data Driven Financial Management
The program aims to attract students interested in attending a quality master’s program with a core orientation in Financial Management, who are also interested in acquiring technical skills in data analytics that will help them resolve corporate problems that require the analysis of large amounts of financial data. The program is also addressed to business executives who wish to develop their business decision-making skills by using insights derived from available data and evolve their skills in the challenging scientific field of Financial Management.
Students must complete 12 modules and an MSc Dissertation or an internship.
The Master’s Program in Financial Management is equal to seventy-five (75) ECTS credits (European Credit Transfer and Accumulation System), and includes twelve (12) courses, worth five (5) ECTS credits each, as well as the MSc thesis, worth fifteen (15) ECTS credits.
The program includes four (4) preparatory courses in each specialization a) Financial Management and b) Data Driven Financial Management, which are offered in September each year. Final registration at the program requires successful attendance and examination in all preparatory courses unless one is exempted upon the approval of the Program's Committee.
The lectures are conducted in the morning or in the afternoon.
| Preparatory Course - 4 Weeks | |
| Introduction to Financial Accounting | Pass |
| Introduction to Finance | Pass |
| Fundamentals of Econometric & Statistical Analysis | Pass |
| Principles of Programming | Pass |
| 1st Bimester Period | ECTS |
| Financial Management | 5 |
| Econometric Methods | 5 |
| Accounting For Corporations I | 5 |
| 2nd Bimester Period | ECTS |
| International Finance | 5 |
| Corporate Finance with Analytics | 5 |
| Machine Learning Principles and Applications in Financial Management | 5 |
| 3rd Bimester Period | ECTS |
| Investment Management | 5 |
| Accounting For Corporations II with Analytics | 5 |
| Financial Statement Analysis and Valuation with Analytics | 5 |
| 4th Bimester Period (Elective Modules 15 Credit Units, Students At least 1 from each group of courses) | ECTS |
| Group I | |
| Derivatives Markets and Valuation | 5 |
| Sustainability Management and Reporting | 5 |
| Financial Planning | 5 |
| Group II | |
| Financial Data Analytics, Risk management & innovation | 5 |
| Financial technology (Fintech) | 5 |
| Auditing & Fraud Detection with Analytics | 5 |
| Data Management & Cyber Security | 5 |
| Dissertation | ECTS |
| Dissertation - Summer Months | 15 |
Admission Criteria and Applications process
Applications period: February to May
Applications are submitted online.
Required documents:
- Online application form
- Curriculum Vitae
- A copy of the undergraduate degree and a transcript of classes (of a Greek Institution of Higher Education or a foreign Institution recognized by the Hellenic National Academic Recognition Information Center- NARIC). Students of Higher Education Students in their final year of undergraduate studies must submit a statement (in accordance with Greek law 1599/86) that their acceptance into the Program is contingent upon them having obtained their degree by the end of the upcoming September exam period..
- Certification of excellent or very good knowledge of the English language (at the C2 or C1 level). Students who do not have such certification when they submit their application must submit a statement (in accordance with Greek law 1599/86) that their acceptance into the Program is contingent upon them acquiring the required certification of knowledge of English.
- Two letters of recommendation from professors (for candidates for full-time studies) and/or employers (for candidates for part-time studies)
- Verification of work experience (for candidates for part-time studies)
- Applicants holding a non-Greek university degree must meet the requirements set by law 4957/2022 (art. 304) regarding their degree’s recognition by the Hellenic National Academic Recognition Information Centre (DOATAP).
International Recognition
- QS World University Rankings
According to QS World University Rankings (2023), AUEB was ranked in the 98 place in the field of Finance - US News
According to US News (2020) AUEB was ranked in place 218 globally in the field of “Economics and Business”. - ARWU World University Rankings (Shanghai Ranking)
According to Shanghai ARWU (2018) AUEB was ranked among places 151-200 in the field of Economics and Finance and among places 201-300 (2018,2019,2021) in the field of Business Administration. - Eduniversal
Our MSc programs- Department of Accounting and Finance ranked first in Greece in their scientific field and were placed among top Masters program internationally, according to Eduniversal Best Masters Ranking 2022! The MSc in Accounting and Finance was ranked 22nd in Western Europe in the field of "Accounting", while the MSc in Financial Management was ranked 65th globally in the field of "Financial Markets". - SSRN
According to SSRN (Social Science Research Network) (2021) AUEB ranked in place 164 internationally in the “Top Business Schools” list. - CEOWORLD Magazine Rankings
According to CEOWORLD Magazine Rankings (2021) AUEB ranked in place 96 internationally in the “World Best Business Schools” list. - University Ranking by Academic Performance (URAP)
According to University Ranking by Academic Performance URAP (2020) AUEB ranked in place 275 in the field of ‘Economics”. - Eduniversal Masters Ranking 2021
According to Eduniversal Masters Ranking 2021 the MSc in Financial Management ranked in place 62 globally in the field of Financial Markets. - QS Masters in Finance Ranking (2022)
According to QS Masters in Finance Ranking (2022), AUEB is ranked 97th world widely. - CFA’s (Chartered Financial Analysts) University Affiliation Program
AUEB’s MSc in Financial Management was recently accepted in CFA’s (Chartered Financial Analysts) University Affiliation Program. The program’s curriculum officially covers at least 70% of the CFA’s accreditation modules and is officially listed among top educational programs that enjoy the support of CFA. This recognition also entitles the program to award up to two (2) CFA Student Scholarships to students or graduates each year.
Students’ Testimonials
“The program gives me the chance to expand my knowledge over my bachelor's degree in the field of Finance, offers me a valuable asset for future job opportunities, as well as it fulfils my aspirations of self progression and bringing me one step closer to understanding the functionality and importance of Finance.”
Konstantinos Kefiridis, MSc in Financial Management full time class 2020
“I chose to study at the MSc program in Financial Management because of the courses that it was offering. I believe that they are important, and I am certain that this master gave me the tools to succeed in the future. Furthermore, the university itself is one of the most recognizable universities across the world ……. The main competitive advantage of this program is the fact that it is offered totally in English. ……For someone who wants to work in this field, it's inevitable that he/she should be fluent in English……. Being a student of the MSc was a great experience and I have to admit that the professors were absolutely outstanding...”
Dimitrios Kefis, MSc in Financial Management full time class 2019
"I really enjoy the lectures. Coming from almost three full semesters of remote teaching, I enjoyed to be back in the classroom. The program is well organized and students have the ability to select from a range of courses, depending on their field of specialization. I also liked the separation of the semester into two bimesters, which enables a more focused learning environment. I also like the students here. They are very friendly and I have already met several fellow students from other subjects. The fact that the majority of students were Greek only helped to get to know the country and the language even better."
Marvin Prante, Exchange Student 2022