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.

Α. Depth Courses in Finance (9 courses)

(i) 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:

CodeCourse TitlePrerequisitesECTS
AFN 321Corporate Finance IIAFN 2226
AFN 322Investment and Portfolio ManagementAFN 2226
AFN 325Options, Futures and Risk ManagementAFN 2226
AFN 323Modern Capital BudgetingAFN 2226
AFN 421Financial PolicyAFN 321, AFN 3226


(ii) 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 4 depth courses from the indicative list below and the Internship (two of the four Finance depth courses may also be replaced by other suitable courses from the School, upon approval by the academic advisor).

CodeCourse TitlePrerequisitesECTS
AFN 324Bank Financial ManagementAFN 2226
AFN 411Financial Statement AnalysisAFN 1116
AFN 422Public FinanceAFN 2226
AFN 423International Financial ManagementAFN 3226
AFN 424Financial ModelingAFN 2226
AFN 425Contemporary Issues in FinanceAFN 2226
AFN 426Insurance and Risk ManagementAFN 2226


Β. Breadth Courses (7 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 the BPA 346, Quantitative Methods in Management II, and six courses beyond Finance from the School or elsewhere (at least two Accounting courses, and a maximum of three courses elsewhere in case the student pursues a minor degree in Computer science, Statistics, etc, upon approval by the Academic Advisor). Students are encouraged to select breadth courses from the suggested/indicative courses below. 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.

CodeCourse TitleECTS
AFN 311Financial Reporting II6
AFN 312Managerial Accounting and Costing II6
AFN 318Auditing I6
AFN 319Taxation I6
AFN 410Financial Reporting in the Banking Sector6
AFN 417Auditing II6
AFN 418Financial Accounting III6
AFN 419Taxation II6
ECO 306International Finance (if AFN 423 not taken)6
ECO 310Money, Banking and Financial Markets6
ECO 370Topics in Finance and Monetary Analysis6
ECO 415Game Theory6
ECO 473Applied Econometrics6
BPA 343Applied Mathematical Modeling7
BPA 447Quantitative Methods in Management III6


Internship: Students who elect to intern during an academic semester based on the department’s approved internship programs, will have to register for the course AFN 313, (6 ECTS), during the internship semester. Students who continue their internship for a second semester should register for AFN 413, (6 ECTS). Each of these internship courses replaces either a depth or a breadth course. During the summer semesters, students participating in internships in approved organizations will have to register for the course AFN113 (3 ECTS), and if they continue to work for an additional summer semester, they should register for AFN213 (3 ECTS). The total maximum number of ECTS that can be replaced by internships is 12. In the summer period of the second year, students can enroll in two elective courses and in the summer period of the third year to enroll in two depth or breadth courses offered by the department (or in elective courses).


Exemptions from professional Accounting examinations: 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.


Recommended course schedule

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

Course Schedule (3rd and 4th year) 
Third Year
5th Semester6th Semester
AFN 321: Corporate Finance IIAFN 323: Modern Capital Budgeting
AFN 325: Options, Futures and Risk ManagementAFN 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 Semester8th Semester
PBA 435: Strategic ManagementAFN 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


Coordinator for B.Sc. in Finance: Spiros H. Martzoukos