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Master of Applied Finance

Return on Education in the Know of Finance

Corporate Finance

Learn how to handle corporate financial decisions and delve into the tools and analyses often used to make these decisions.

Financial Risk Management

Acquire an understanding of the key aspects of risk management in business and learn more about how to analyze and quantify corporate risk.

Investment Analysis

Explore the utilization of security valuation and portfolio management, and delve deeper into equity, debt, and derivative markets.

Learn the know-how in Finance

Our Master program equips graduates with the skills to confidently lead financial functions in businesses. It is an ideal qualification for those looking to upskill in finance and lay the foundation for pursuing the Chartered Financial Analyst (CFA) designation.

Program Overview

Program Duration: Two academic years (from October to July)

Class Schedule: Evening courses from 18:00 to 20:50 (In-person)

Program Venue: Paul Bran Building, Bucharest, Romania

Enrollment Capacity: Limited to 35 students

Tuition Scholarship: Available for EU, EEA, and Swiss citizens

Admission Method: Determined the admission score, 60% Bachelor Exam Grade and 40% Specialization Interview

Why study Applied Finance at ASE ?

Prestigious Academic Heritage

Best Reputation Among Employers

Proven Alumni Success

Director’s Message

Conferentiar Univ. Dr. Adrian T. Mitroi, CFA, MBA

Dear Prospective Students,
In today’s challenging yet interesting times of the AI economy, education for a top job in finance is a key strategic advantage. Our program delivers practical knowledge, trains you in the necessary skills, and develops your abilities to enjoy and succeed in your profession and life. Be smart and learn about things that interest you, that make you happy and interested. MAF is a good start. Success!

Professor of Behavioral Investment Finance, Faculty of Finance, ASE Bucureşti
Dr. Adrian T. Mitroi, CFA, MBA

Solid Educational Foundation

  • advanced, real-world practical finance
  • investment analysis
  • portfolio and risk management
  • data management and technology
  • personal, behavioral and aspirational finance
  • ethics and professional standards
  • financial economics

The Learning Pillars of MAF

Instruments and Operations in Contemporary Finance

Finance and Monetary Economics

Financial Markets

Quantitative Methods in Finance

Business and investment valuation. Risk and return

Corporate finance, financing and valuation

Corporate Finance and Financial Management and Valuation

Financial Controlling and Reporting. Performance management

Mergers, acquisitions and Corporate Restructuring


Competitive markets and financial investments

Institutional Portfolio Management. Investments, Insurance and Pensions

Individual Portfolio Management, Wealth Planning and Behavioral Finance

Organizational Behavior and Governance. Ethics and Professional Standards

Research and applications

Leadership and Strategy. Politics and Economics

Scientific seminar

Ethics and academic integrity


Bucharest University of Economic Studies

Step into the world of our esteemed university, established Royal Decree on April 6th, 1913. This video offers a journey, beginning with a glimpse into our historical roots, followed an exploration of our modern-day commitment to academic excellence.

Master of Applied Finance