Master programmes

Banking and Finance (starting: winter semester of 2017)

Brief description

Curriculum

Degree programme code:
Degree programme: Master's programme
Degree programme duration: 4 semesters
Workload: 120 ECTS credits
Degree: Master of Science (MSc)
Language of instruction: English
Admission requirements: Click here
Application procedure: no

Programme outcomes

The objective of the Master’s programme in Banking and Finance is to provide students with a sound education in core areas from the field of finance. In addition, the programme imparts knowledge from other sub-areas from the field of business and economics as well as from related fields and methodological subjects.

Students of the programme acquire the latest theoretical and methodological competences, equipping them for a successful career in the financial sector, in public administration or with regulatory authorities. 

Advanced courses focusing on different research areas provide an opportunity for students to give their education a more practice-oriented or a more academia-oriented focus. Compulsory elective modules and individual specialisations enable students to select courses according to their interests.

Fields of activity

Graduates of the master’s programme in Banking and Finance have the methodological and academic profile required for taking up special positions and leading positions in the financial sector, in public administration or with regulatory authorities.

The special focus on Business Administration trains students in the area of modern bank management or corporate finance and prepares them for careers in consultancy companies, controlling, corporate finance departments, risk management as well as in corporate banking and investment banking.

The special focus on Science Orientation is aimed at students who strive for a career in central banks, state authorities supervising different segments of the financial market, international financial institutions and research departments of banks, or who plan to continue their academic education in the form of a PhD programme in the field of finance.

Structure

A list of all courses to be completed is available at the website of the Department of Finance.

Core Programme
ECTS credits required: 36
ECTS credits
Introductory Module:
Basics of Finance (4 ECTS credits)
Decision Theory (4 ECTS credits)
8
Core Courses in Finance 1:
Asset Pricing 1 (4 ECTS credits)
Banking and Financial Intermediation 1 (4 ECTS credits)
Corporate Finance 1 (4 ECTS credits)
12
Economics:
Money and Banking (4 ECTS credits)
Game Theory and Information Economics (12 ECTS credits)
16

Elective Programme
ECTS credits required: 60
Students can choose from one of the following two specialisations
ECTS credits

Specialisation 1: Business Orientation

Econometrics for Business Orientation:
● Introductory Econometrics
8

Banking for Business Orientation:
● Banking and Financial Intermediation 2 (4 ECTS credits)
● Commercial Banking (4 ECTS credits)
● Investment Banking (4 ECTS credits)
● Seminar (4 ECTS credits)
● Electives in Corporate Finance or related areas (8 ECTS credits)

oder

Corporate Finance for Business Orientation:
● Corporate Finance 2 (4 ECTS credits)
● Valuation (4 ECTS credits)
● Corporate Restructuring (4 ECTS credits)
● Seminar (4 ECTS credits)
● Electives in Corporate Finance and related areas (8 ECTS credits)

24
Electives in Finance, Accounting and Economic Law 20
Electives in Business, Economics and Statistics8

Specialisaton 2: Science Orientation

Core Courses in Finance 2:
● Asset Pricing 2 (4 ECTS credits)
● Banking and Financial Intermediation 2 (4 ECTS credits)
● Corporate Finance 2 (4 ECTS credits)
12
Econometrics for Science Orientation:
● Introductory Econometrics (8 ECTS credits)
● Econometrics in Finance (8 ECTS credits)
16

Banking for Science Orientation
or
Corporate Finance for Science Orientation
or
Financial Markets

16
Electives from the fields of:
finance, business administration (in particular accounting and controlling), economy, mathematics and statistics, financial mathematics and actuarial mathematics, econometrics, programming and computer based financial modelling, business law and psychology
16

Master's Thesis Module
ECTS credits required: 24
ECTS credits
Master's Thesis Seminar2
Master thesis20
Master examination2

Personal requirements

The programme is not only open to graduates from degree programmes focusing on business and economics, but is also aimed at graduates of any fields of study who are interested in financial issues and, in particular, to those with a formal background in academia. 

All courses are taught in English. Therefore, English language skills corresponding to language level C1 according to the Common European Framework of Reference for Languages are required.

Mathematical and statistical ability

We encourage students with various backgrounds such as business, economics, statistics, mathematics and physics to apply.
A sound background in mathematical and statistical tools is advantageous but not a requirement. But we expect students to have a working knowledge of calculus and should know the basics of vectors and matrices, probability and statistics. 

Professional experience

Candidates are not required to have previous work experience and this would not disadvantage them in any way.

Admission

To be admitted to the master's programme in Banking and Finance students must have completed an eligible bachelor's programme or an eligible bachelor's programme at a university of applied sciences or an equivalent degree programme at a recognised Austrian or foreign post-secondary educational institution.

The following bachelor’s programmes at the University of Vienna are certainly eligible and qualify a candidate for admission to the master’s programme in Banking and Finance without any other requirements:

  • Business Administration
  • International Business Administration
  • Economics
  • Statistics
  • Business Informatics
  • Computer Science
  • Mathematics

Graduates of other programmes must in any case demonstrate

  • sufficient command of English at Level C1 of the European Framework of Reference;

    language competence can be proven by
    • TOEFL: ibt (internet-based): score of 110;
    • IELTS: Overall Band Score: 7;
    • Cambridge English – Advanced: Grade C (score of 180);
    • Cambridge English – Proficiency: Grade C;
    • Language Center of the University of Vienna: Certificate of Level C1;
    • Finished bachelor or master degree completely taught in English in an accredited educational institution;

    see also Language requirements for English-language master programmes (Student Point)

  • previous knowledge in Business Administration, Economics, Mathematics and Statistics comprising at least 30 ECTS credits;
    thereof at least 3 ECTS credits in Mathematics and 3 ECTS credits in Statistics;

  • achievement of at least 150 points in the GRE revised General Test’s assessment section on Quantitative Reasoning within the previous two years.

    The GRE revised General Test is a standardised test that is composed of three assessment sections:
    • Verbal reasoning,
    • Quantitative reasoning and
    • Analytical writing
    The Quantitative Reasoning section, in which mathematical knowledge is examined and a total maximum of170 points can be acquired, is decisive.

Contact and help

For questions regarding the content or the organisation of the programme, please contact: ssc-wiwi@univie.ac.at

Additional information about the master’s programme in Banking and Finance is available on the website of the Department of Finance.