B.Sc. in Finance

Specialization in Finance focuses on consolidating the knowledge of the theoretical framework and analytical methods needed for successful financial decision-making under conditions of uncertainty prevailing in the complex, competitive and globalized business environment. Graduates with this specialization develop skills that will enable them to carry out financial activities (in relation to capital markets, investment decisions and risk management) in a wide range of organizations such as 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 also acquire the necessary skills that enable them to continue their studies at the postgraduate level (Master, Ph.D) or earn professional certifications such as the CFA (Chartered Financial Analyst).

Graduates who specialized in Finance have been admitted to graduate programs like those of the University of London School of Economics, Manchester, Warwick, UCL and Southampton, or doctoral programs in America. Scholarships have also been granted by the CFA society with the aim of obtaining the CFA title.


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 give students the flexibility to customize their degree in a manner that better suits their individual interests, expanding their knowledge in finance topics and application areas beyond their specialized focus. Students who specialize in Finance may choose the remaining four Business Depth courses from the list below (two out of four Finance depth courses may be also replaced by other appropriate courses offered

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 specializing in Finance also need to meet the "breadth" requirements in Business Administration by selecting seven courses (42 ECTS) from other disciplines of the School of Economics and Management (Accounting, Management Science, Marketing, Management and Economics). These requirements are satisfied by selecting one course in Economics, two in Accounting, three in other disciplines and the course BPA 346: Quantitative Methods in Management II. Students are encouraged to choose elective courses for the Breadth Requirement from the Table below (these courses can also replace up to two specialization courses but cannot simultaneously satisfy the Breadth and Depth requirements). Finance students who wish to have exemptions from professional Accounting examinations should seek academic advice at the start of the third year of their studies.

Course Title
AFN 311 Financial Reporting II
AFN 312 Managerial Accounting and Costing II
AFN 318 Auditing I
AFN 319 Taxation I
AFN 414 Energy sector Accounting and Finance
AFN 415 Contemporary Topics in Accounting
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

Finance students can take 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

Courses instructors for the dergee are mentioned in courses description

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