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Master of Applied Finance

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The Master of Applied Finance (MAF) courses are dedicated to equipping you with the knowledge and skills needed to excel in the financial sector through a two year program. Our approach combines academic rigor with practical insights from industry practitioners. Below is an overview of the courses offered in each semester and their assessments.

Curriculum

1st  Semester

Finance and monetary economics – PhD. Prof. NECULA Ciprian & PhD. Assoc. Prof. COZMANCA Bogdan Octavian
Financial markets – PhD. Assoc. Prof. IORGULESCU Filip Teodor
Quantitative methods in finance – PhD. Prof. NECULA Ciprian & PhD. Prof. FARKAS Walter Erich
Business and investment valuation. Risk and return. – PhD. Prof. DUMITRESCU Dalina & PhD. Assoc. Prof. GHERGHINA Liliana Nicoleta

2nd Semester

Corporate finance and financial management – PhD. Prof. BRASOVEANU Laura Mihaela
Financial controlling and reporting. Performance measurement – PhD. Prof. CRETAN Georgiana Camelia
Mergers, acquisitions and corporate restructuring – PhD. Assoc. Prof. CIOBANU Radu
Banking – PhD. Prof. NECULA Ciprian

3rd Semester

Institutional portfolio. Investments, insurance and pensions – PhD. Prof. MITROI Adrian
Individual portfolios. Wealth planning and behavioral finance – PhD. Prof. MITROI Adrian
Organizational behavior and governance. Ethics and professional standards – PANAIT Iulian

4th Semester

Leadership and strategy. Politics and Economics – PhD. Prof. DUMITRESCU Dalina & PhD. Assoc. Prof. GHERGHINA Liliana Nicoleta
Scientific seminar – PhD. Prof. MITROI Adrian
Ethics and academic integrity – PhD. Prof. MITROI Adrian
Internship – PhD. Assoc. Prof. CIOBANU Radu
Preparation for defense of dissertation

Faculty

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

Program Manager
Conf. univ. dr. Adrian Mitroi (adrian.mitroi@fin.ase.ro)

Program Vice-Manager
Conf. univ. dr. Radu Ciobanu (radu.ciobanu@fin.ase.ro)

Faculty

The Department of Finance provides academic training in the fields of corporate finance, public finance, insurance, and financial markets.

The Department of Money and Banking specializes in monetary studies, encompassing banking operations, risk management, and banking performance. It also focuses on foreign exchange and capital markets.

Associate

Guest
  • Iuliana Ismailescu, PhD – Professor at Pace University New York
  • Madalin Viziniuc, PhD – Senior Economist, National Bank of Romania

Research

Dissertation Thesis
  1. Students have to read the lists with the proposals of topics for the dissertation thesis.
  2. They have to contact potential scientific coordinators in order to be advised them regarding the proposed topic(s).
  3. By mutual agreement, the professor and the student can propose new topics for the graduation thesis.
  4. Until 17 november 2023, send to this link the application for the chosen topic, signed the coordinator’s.
  5. On 24 november 2023, the centralized list wll be uploaded on the fabbv.ase.ro site.
  6. In case of collaboration divergence between the scientific coordinator and the student, the dean may appoint, at
    the request of the coordinator or the student, another scientific coordinator, consulting with the head of
    department.
  7. The final list of students will be displayed before the anti-plagiarism check.

Career Trajectories

Educational Milestones

Our program equips you with the skills, knowledge, and practical experience necessary to excel in the financial industry.

  • Pursuing a finance postgraduate degree greatly enhances your prospects in finance-related careers.
  • Finance principles remain consistent globally, opening doors to job opportunities anywhere you go.
  • Real-world applications, like case studies, equip you with essential problem-solving skills for professional success.
  • Gain expertise in using tools and insights that enable you to make informed decisions, steering businesses in the right direction.
  • Focusing on applying these strategies provides essential technical knowledge for a dynamic and complex financial landscape.
  • As a finance student, you’ll acquire in-depth knowledge of financial concepts useful for personal financial management, including budgeting, saving for emergencies, retirement, and other financial goals. Additionally, you’ll learn to distinguish between assets and liabilities and delve into the intricacies of investments.
Certifications

Chartered Financial Analyst (CFA)
CFA Society Romania is one of the most important local professional organizations bringing together investment professionals from banking, asset management, insurance, private equity, pension funds and other different fields of the investment industry. CFA Society Romania was established in 2000 as a professional, non-governmental organization and is one of the investment societies that are part of CFA Institute.
CFA Program is for portfolio and wealth managers, investment and research analysts, professionals involved in the investment decision-making process, and finance students who want to work in the investment management profession. At the end of the program you will receive CFA charter.
To complete the program:

  • Successfully pass three exams (Level I, II, and III)
  • Have 4,000 hours of professional work experience in the investment decision-making process (accrued before, during, or after passing CFA Program exams) in a minimum of 36 months.
  • Join CFA Institute as a regular member

Association of Chartered Certified Accountants (ACCA)
The ACCA Qualification gives you the skills to make an impact in any workplace. It includes a practical experience requirement – so when you qualify, you’ll already have at least three years’ hands-on experience. This makes you incredibly valuable to employers – and gives you the confidence to get your accountancy career off to a flying start.

Certificate in Investment Performance Measurement (CIPM)
The Certificate in Investment Performance Measurement designation offers career distinction for all investment professionals charged with appraising and selecting portfolio managers, evaluating portfolio performance, and communicating with clients.
CIPM Program is for portfolio managers, investment consultants, financial advisers, sales and client service professionals, and other investment professionals involved in selecting portfolio managers, evaluating portfolio performance, or communicating with clients. At the end of the program you will receive CIPM designation.
To complete the program:

  • Successfully pass two exams
  • Have 4,000 hours of professional work experience in the investment decision-making process (accrued before, during, or after passing the CIPM Program exams)
  • Join CFA Institute as a regular member
  • Participate in the Mandatory Professional Learning (MPL) Program

Certified European Financial Analyst (CEFA)
The Certified European Financial Analyst Diploma was set up in 1991. Since its introduction, the CEFA diploma has become one of the most respected and recognized professional credentials in the world, known as the “gold standard” among financial industry professionals in Europe. It is accredited in 15 European countries as well as in Argentina and Brazil and is well recognized employers. Our Diploma respects local market requirements, conditions, and characteristics as well as individual cultures.

Certified ESG Analyst (CESGA)
The EFFAS Certified ESG Analyst (CESGA) programme is particularly aimed at financial analysts and portfolio managers who want to integrate ESG data in their capital allocation processes, but also, in general, all investment professionals increasingly committed to ESG issues. Other specialists such as corporate sustainability officers, investor relations, auditors and consultants will find this course interesting to develop a better understanding of the needs of capital markets in terms of ESG information. Summing up it is ideal for asset owners, asset managers, corporate consultants, financial planners, and family offices who wish to embrace ESG integration holistically.

Chartered Alternative Investment Analyst (CAIA)
Concentrates on alternative investments like hedge funds, private equity, and real assets.

Chartered Global Management Accountant (CGMA)
It recognizes professionals who have advanced proficiency in finance, operations, strategy and management and is underpinned global research to maintain relevance with employers, and develop competencies most in demand.

Certified Wealth Manager (CWM)
Designed for professionals in wealth management and private banking.

Financial Risk Manager (FRM)
Emphasizes risk management in financial markets

Chartered Institute for Securities & Investment (CISI)
Specializes in securities, investment, and wealth management.

Chartered Institute of Public Finance and Accountancy (CIPFA)
CIPFA is the only professional accountancy body in the world dedicated exclusively to public finance.

Body of Expert and Licensed Accountants of Romania (CECCAR)
Established in 1921, the Body of Expert and Licensed Accountants of Romania is the representative body of the accountancy profession in Romania, non-profit and of public interest, with a remarkable evolution at the national level, being represented in all 42 counties of our country means of territorial branches.

Certified International Investment Analyst (CIIA)
The Certified International Investment Analyst (CIIA) is an internationally recognised, advanced professional qualification programme and certificaction for individuals working in the finance and investment industry.

Postgraduate Studies

Elevate your expertise with our Postgraduate Studies program, designed for individuals looking to advance their careers and broaden their horizons in finance and economics. Whether you’re pursuing a master’s degree or a specialized postgraduate certificate, our program offers a range of flexible options to cater to your educational needs. Explore new areas of specialization, enhance your professional qualifications, and take your career to the next level with our postgraduate studies.

Doctoral Studies (PhD)

Our Doctoral Studies (PhD) program is the pinnacle of academic achievement, designed for those who seek to make a profound impact in the world of finance and economics. It’s an opportunity to engage in cutting-edge research, contribute to the academic community, and drive innovation in your chosen field. With dedicated faculty, state-of-the-art resources, and a supportive environment, our PhD program equips you with the knowledge and skills needed to become a leading expert in your area of specialization.

Career Paths

Our program equips you with the skills, knowledge, and practical experience necessary to excel in the financial industry. Applied Finance graduates are in demand across a range of industries such as:

  • Consulting
  • Corporate finance
  • Financial planning
  • Financial risk management
  • Funds management
  • Insurance
  • Investment banking

They also receive opportunities to specialize in:

  • Accountant
  • Actuary
  • Capital Markets Analyst
  • Corporate Investment Banker
  • Credit Manager
  • Financial Advisor
  • Financial Analyst
  • Financial Controller
  • Financial Risk Manager
  • Insurance Specialist
  • Investment Banker
  • Personal Financial Advisor
  • Portfolio Manager
  • Securities, Commodities, and Financial Services Sales Agent
  • Stockbroker
  • Trader
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Master of Applied Finance