University of Tirana Contacts Panel

Master of Science in Finance

Name of academic qualification Master of Science in Finance
Cycle of study programme Second Cycle Studies
Name and status of awarding institution Faculty of Economics, University of Tirana, Public Institution
Language(s) of teaching/examination Albanian
Duration of study programme (years) 2 years
Delivery of study Full time

Entry requirement(s) in this study programme

Students who have completed a bachelor program in Finance-Accounting or Business-Administration at the Faculty of Economy, University of Tirana, are admitted in the Master programme without any additional requirement of fulfilling basic educational knowledge. Students who have completed a bachelor programme in either Finance-Accounting or Business-Administration in other Faculties of the Economy (public / private - national / foreign) are admitted after formal recognition of their diplomas under relevant regulations of the Faculty of Economy, University of Tirana.

Students who have completed a bachelor programme in either Economics or Economic Informatics at the Faculty of Economy, University of Tirana, are admitted in the Master programme after completing their basic educational knowledge.

Objectives and overview of the study programme

The main goal of this study program is the formation of skilled experts and specialists in the field of finance. The subjects of this study program aim at deepening and widening theoretical knowledge and creating capabilities for conducting advanced and independent scientific research. The goal of the program is on one hand to provide students with the tools, skills and in-depth theoretical knowledge for a successful professional and academic career, and on the other, to enable them to apply these skills into practice.

This study programme combines theoretical and practical knowledge in order to encourage critical and creative thinking of students, as well as to expose them to contemporary and key issues in finance through a learning approach strongly supported by scientific and research practices in finance. The design of Master of Science in Finance curriculum aims to provide a comprehensive and focused program in areas such as:

  • Corporate financial management and management of public finances
  • Planning and management of taxes and customs sector;
  • Management of banking techniques and insurance;
  • Risk analysis and investment management;
  • Financial markets and institutions;
  • Analysis and interpretation of financial statements, etc.

PSuccessful completion of this programme allows students to pursue an academic career through the enrollment in the doctoral studies, thus enhancing their potential of further development of their professional careers.

Assessmet scheme

The student's assessment scheme runs from mark 1 to 10 which have the following meaning: 1-4 fail, 5-6 sufficient, 7 satisfactory, 8 good, 9 very good, 10 excellent.

Exams are evaluated on a point basis system, the result of which is converted into marks based on the following schema:

Grade Points
4 up to 50 points
5 51-57
6 58-65
7 66-73
8 74-81
9 82-89
10 90-100

Access to further study

Eligible to enroll in the Third cycle of Studies (PhD in the field Finance).

Employment opportunities and professional qualification

After completing this program of study, students have accumulated all the necessary skills as a finance expert, with a high level of theoretical and practical knowledge. This degree enables them to be employed in central and local government institutions, research institutions, organizations, companies (public or private), various associations, etc. as a specialist in the relevant field of study or in the role of financial manager. After completing the program, students are capable to develop a successful career as an independent professional, in particular by practicing financial and fiscal consultancy. Master of Science Degree serves as a bridge to the academic career and doctoral research. The system of knowledge offered by this program and the acquired competencies enable students to pursue the Third Cycle of Studies (Doctoral studies).

Programme details

No. Subject ECTS Total hours Semester
First Year
1 Financial Markets and Institutions 6 60 I
2 Public Finances 6 60 I
3 Research Methods in Finance 6 60 I
4 Econometrics in Finance 5 60 I
5 Modern Theory of Investments 6 60 I
6 Advanced Financial Management 6 60 II
7 Analysis of Financial Statements 6 60 II
8 Advanced Financial Accounting 6 60 II
9 Advanced Strategic Management 5 60 II
10 International Financial Management 6 60 II
Total First Year 58 600
Second Year
1 Portfolio Management 6 75 I
2 Risk Management 6 75 I
Elective subjects (student chooses 3 subjects)
3 Banking Management 15 (3*5) 180 (3*60) I
Fiscal Management
Theory of Insurance
Real Estate Management
Financial Management of Public Organisations
4 Internship 5 100 II
5 Master thesis 30 150 II
Total Second Year 62 580
Total Year I+II 120 1180