The MSc program in Accounting and Finance of the Athens University of Economics and Business (AUEB)

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1 The MSc program in Accounting and Finance of the Athens University of Economics and Business (AUEB) is a leading European postgraduate program. Offered by AUEB, the most prestigious Greek University in Economics and Business, the program has been operating successfully since Given Greece s prime location at the crossroads of three continents, AUEB offers an exceptional educational opportunity that brings together challenges from the European Union, the fast developing Balkan countries, and the Middle East. The program has been designed to offer high-quality specialized scientific knowledge in the fields of Accounting and Finance, focusing on current international developments in the area. It is offered on both a full-time and a part-time basis. The one-year full-time program is designed for students who have recently graduated and seek to continue their studies at the postgraduate level, while the two-year part-time program meets the needs of business executives. For each of the abovementioned courses, students can major in Accounting or in Finance. The aim of the program is to foster a new generation of accounting and finance professionals capable of analyzing the corporate challenges and opportunities that lie ahead in the global financial environment. This aim is pursued by offering a modern, well-designed program that is based on varied teaching methods, which include study of the international literature, laboratory-supported lectures, case studies, individual and team project assignments, a thesis, and guest lectures by our executive visiting speakers. The University s infrastructure also contributes to this aim, providing access to relevant scientific and professional journals, and also to databases that allow quick and effective access to information. Furthermore, the Department s Laboratories, and the University library and Computer Centre, enable postgraduate students to study and carry out high-quality research. In addition, we take pride in attracting the most motivated, highly achieving individuals who are looking to develop their research, analytical, conceptual and critical thinking skills to the highest level and become innovators in their chosen fields of expertise. Graduates of the Master s Program in Accounting and Finance follow distinguished careers. They are highly employable and they work in positions such as accountants, directors of accounting departments, financial directors, auditors, financial analysts, credit officers and analysts, bankers, dealing room traders risk analysts and evaluators of investment projects, while some of them follow academic careers. We are also proud to announce a new collaboration established between our program and the Masters in Advanced Studies and Financial Research of the Graduate School of Management IGR-IAE of the University of Rennes 1. The agreement involves the exchange of two graduates per year between the collaborating parties, who will be given the opportunity to attend an additional masters program in the collaborating institution for free. Thus, the AUEB graduates selected each year will be awarded the Masters diploma in Advanced Studies and Financial Research of the University of Rennes 1, after the successful attendance of the relative masters program s curriculum. Our Masters program was also recently ranked among top 100 Programs internationally according to a survey carried out by Eduniversal.com, one of the most respectable European organizations for evaluating universities and higher education institutions all over the world. The ranking involved top postgraduate programs specialized in Financial and Auditing-Accounting studies (more information available at Last but not least, studying for an MSc in Greece affords international students the opportunity to acquaint and familiarize themselves with a beautiful environment that blends a long tradition of excellence in commerce with a robust academic curriculum, within a dynamic modern economy. Studying at AUEB will surely prove to be a great experience for all international students, who are encouraged to make the most out of it! Whether students participate in computer-backed courses, attend lectures by business executives and leaders, or just experience the Mediterranean way of life and cuisine, it is certain that their studies in the Master s Program in Accounting and Finance program will turn out to be an unforgettable, life altering experience! 1

2 PROGRAM STRUCTURE Following approval by the Hellenic Ministry of Education, the Master s Program Curriculum is equivalent to 75 ECTS (European Credit Transfer System) credit units. The curriculum includes twelve course units (5 ECTS credits each). Upon completion of the taught courses, students are required to complete an MSc thesis, which is equal to three course units (15 ECTS credits). There are both compulsory and elective course units. There are nine compulsory course units in the Accounting stream and ten compulsory course units in the Finance stream. The Postgraduate Program Committee, taking into consideration the students preferences and the availability of academic staff, decides on the elective course units offered each year. The lectures are conducted for the English speaking groups in English, while the literature is mostly in English. For the part-time program, eight course units are offered in the first year of study and four in the second. Program curriculum Accounting Stream Core Courses Auditing Business Analysis and Valuation Corporate Finance Cost Accounting Financial Accounting I Financial Accounting II International Accounting Standards Theory Managerial Accounting Quantitative Methods in Accounting Elective Courses Accounting Information Systems and Internal Control Banking Contemporary Research Issues in Accounting Equity Portfolio Management Financial Derivatives Financial Econometrics Modern Types of Financing Money and Capital Markets Principles of Corporate Governance Public Sector Accounting Tax Legislation and Planning Finance Stream Core Courses Banking Business Analysis and Valuation Corporate Finance Equity Portfolio Management Financial Accounting Financial Derivatives Financial Econometrics Modern Types of Financing Money and Capital Markets Quantitative Methods in Finance Elective Courses Behavioral Finance Computational Finance Contemporary Research Issues in Finance Credit Risk and Credit Derivatives International Capital Taxation and Investment Decisions Market Microstructure and Dealing Room Simulations Principles of Corporate Governance Real Estate Finance Risk Management Shipping Finance Requirements The academic and professional background of applicants is carefully evaluated. The basic entry requirements are the following: Undergraduate University Degree (recognition by the Hellenic National Academic Recognition Information Centre is required). Very good command of the English language, as determined by a TOEFL, TOEIC or IELTS score, or the Cambridge or Michigan Certificate of Proficiency in English (CPE) or Certificate of Advanced English (CAE) GMAT (only for full-time applicants)* Work experience (only for part-time applicants). * The GMAT examination fees are totally refundable to each candidate in case of acceptance to the postgraduate program. 2

3 Memberships and Rankings AUEB is currently a member of the European University Association (EUA) and the Association to Advance Collegiate Schools of Business (AACSB International). According to the Best-Masters Ranking ( held by Eduniversal, the Masters program in Accounting and Finance was ranked among top 100 programs globally in the scientific field of Financial Markets, and among top 200 programs globally in the scientific field Auditing/Accounting Tuition fees and Scholarship Opportunities The fees for the Postgraduate Program are determined by the University Senate and are paid in four instalments. The total cost of the program varies depending on the course attended (full time or part time) and the student s country of origin, starting from Monetary awards to top students The Postgraduate Program offers monetary awards up to euros to the top three (3) students in each stream (based on grades achieved throughout the program), for both the full-time and the part-time programs. The exact amount of the award is determined annually at a Departmental staff meeting. The awards are given out each year during the graduation ceremony. Hellenic Aid Scholarships Program for international students Through the Hellenic Aid program, the Hellenic Ministry of Foreign Affairs grants each year 100 scholarships for studies in Greece to nationals of developing countries included in the list of OECD. The deadline for submitting applications to the Greek authorities abroad is usually July 30. Hellenic Aid announces the results to successful applicants around September each year. Greek State Scholarships The State Scholarships Foundation (I.K.Y.) grants scholarships for postgraduate or postdoctoral studies in Greece to all foreigners as well as scholarships for the attendance of the Modern Greek Language and Culture. The programmes for postgraduate/postdoctoral studies are announced around January / February of each year and the scholarships are offered to nationals (foreigners or of Greek origin) from: a) THE EUROPEAN UNION MEMBER STATES, ICELAND, NORWAY, SWITZERLAND, U.S.A., CANADA, AUSTRALIA, NEW ZEALAND and JAPAN, b) BALKANS, CENTRAL or EASTERN EUROPE (NON MEMBERS OF THE EUROPEAN UNION), ASIA, AFRICA and LATIN AMERICA. Scholarships offered by AUEB s Research Centre The Masters Program in Accounting and Finance offers to the top student of the course unit Equity Portfolio Management a full grant for the 1st level preparatory classes (40 hours) of the International Certification CIIA (Certified International Investment Analyst) and CEFA (Certified European Financial Analyst) held by the AUEB Research Centre in association with the Hellenic Association of Certified Stockmarket Analysts (HACSA) In addition, the program, in association with the AUEB Research Centre, offer to the top student of the elective course unit «Shipping Finance» a full grant for the Executive Seminar Shipping Derivatives and Risk Management which is held twice every year. International Co-operations and Agreements The Masters program in Accounting and Finance of AUEB recently established collaboration with the Masters in Advanced Studies and Financial Research of the Graduate School of Management IGR-IAE of the University of Rennes 1. The agreement involves the exchange of two graduates per year between the collaborating parties, who will be given the opportunity to attend an additional masters program in the collaborating institution for free. Thus, the AUEB graduates selected each year will be awarded the Masters diploma in Advanced Studies and Financial Research, after the successful attendance of the relative masters program s curriculum. 3

4 PREPARING TO STUDY IN GREECE!!! Athens is the capital and largest city in Greece with a population of over four million people. Given its strategic location and membership in the European Union, Greece plays a key role in the international trade between Europe and the rapidly developing Balkan and Asian countries. Greece is also the biggest investor in the Balkans. In addition, Athens is the cradle of democracy and academia. The city combines its unique history and archaeological monuments with a vibrant way of living and unforgettable nightlife. Athens is also a city with many different aspects and landscapes. A walk around the famous historic triangle (Plaka, Thission, Psyri) reveals a blend of many different eras: ancient monuments and old mansions along with sophisticated contemporary buildings, luxurious department stores next to small friendly shops, and fancy gourmet restaurants situated alongside traditional taverns. Last but not least, Athens is not only one of the safest cities in the world, but one of the most hospitable as well! Getting around Athens is also very easy and affordable nowadays because the city offers a very good public transportation network with the underground, metro and suburban railway reaching almost every single neighborhood in the city! In addition, public shuttle buses and trolleys are very convenient for getting around the city centre in no time! There is also a tram which connects the city centre with the beautiful seaside suburbs and the Athenian coastline! Yes, international students will need to gather a number of documents prior to their arrival in Greece. The Program Secretariat is available to help students at every step of the way regarding the various procedures they must follow. First, students should make sure that they have a valid passport, and that they bring with them the necessary travel documentation (insurance, etc), their acceptance letter for the Master s program, and a set of passport-size photographs required by local authorities. Prior to travelling to Greece students from non-eu countries will need to get a 90-day Student Visa type D (not visitor's visa), issued prior to departure. They need this in order to apply for a residence permit once they arrive in Greece and before the expiration of the visa. Students should note that only holders of type D visas are eligible to obtain a residence permit. Depending on the country of origin, some additional documents might be necessary for entry into Greece. Students should visit the Greek embassy or consulate in their area for detailed and updated information regarding entry documentation. For a listing of Greek embassies and consular offices, please check: 4

5 Upon arrival in Greece all international students will have to go through the following steps: 1. Register at the University 2. Apply for a residence permit. The following documentation is necessary: Two photocopies of the passport (showing the first page as well as the page with the stamped visa). Two coloured passport size photos. Two copies of a confirmation letter that the student is registered at AUEB (provided by the Secretariat of the program, in Greek). Two copies of a document that proves the student has sufficient funds to cover his/her expenses while studying in Athens (e.g. bank account statement or a letter from the University for scholarship holders). Two copies of a health certificate from a Greek Public Hospital stating that the student does not suffer from any contagious illness (the University will arrange an appointment). The health booklet provided by the Secretariat upon registration as mentioned above. 3. Apply to DOATAP (Hellenic National Academic Recognition Information Centre (NARIC)) for recognition and validation of Bachelor's degree. Documents required for degree recognition: Application form (to be found at Certified photocopy of passport. Photocopy of residence permit. Copy of High School Diploma. Students from non EU countries upon arrival in Greece should go to the Embassy of their country in Athens with their high school diploma and request a statement from the cultural attaché indicating that the holder of the specific high school diploma has the right to enter higher education. Original copy of the University degree. Original transcript from University. Validated copy of University degree and transcript. These documents must be verified for authenticity reasons according to the Hague Convention (APOSTILLE) in the Ministry of Education of the country of undergraduate studies. For countries not participating in the Hague Convention, both the degrees and the official transcript must be certified by the Consular Authorities of Greece in the country in which the degree has been obtained. In both cases students will need to have their degree and transcripts translated into Greek at the Embassy of Greece or at the Ministry of Foreign Affairs in Athens (translations must have the stamp of the Greek Republic). Alternatively, if the degree is not verified as above, then the official transcript must be sent in English directly from the University to DOATAP. If a student s University/school/ department is not already included in the official DOATAP List, some additional documents are required: Certificate or official letter from the student s University Department stating that it has the right to award Master s and PhD degrees. Certificate or official letter from the student s University Department stating the percentage of permanent faculty that holds PhDs (the percentage must be at least 50% and the statement should include University/ Schools and Department) International students are strongly advised to visit the official DOATAP website at to find out exactly what documents they need to submit for recognition of their undergraduate degree. 5

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10 2 Photographs MSc in Accounting & Finance Application Form Full time Part time (* Please select only one of the above mentioned choices) Accounting Finance (** Please select only one of the above mentioned choices) Full name (First and last name):... Father s first name:.... Place and date of birth:.... Nationality: Native Language:... ID or Passport No:... Marital Status:... Residential Address:.... Postal Address (if different from the residential address):. Tel No (landline and mobile):.. Fax No: Address:.. 1

11 Please report the university degrees you hold, the overall grade, the name of the University, the length of studies and the major you specialized in. INSTITUTION AND COUNTRY DEGREE GPA* SUBJECT/ MAJOR YEAR OF ENTRY GRADUATION YEAR FURTHER INFO* * If you have not yet graduated from your university, please fill in your GPA for the time being in the 3rd column, and write down in the last column the number of remaining course units in order to obtain your degree. Please mention any professional certifications you may possess (e.g. the ACCA, CFA, CIIA certifications etc). PROFESSIONAL CERTIFICATION INSTITUTION DATE ACQUIRED 2

12 Please report the foreign languages you are familiar with, the level of knowledge as certified by the Diploma you hold (CAE, CPE, TOEFL, IELTS or TOEIC) as well as the date your Diploma was issued. LANGUAGE DIPLOMA GRADE (where applicable) DATE ACQUIRED DATE TAKEN (OR TO BE TAKEN) SCORE Please list below the work experience you have had until now with the most recent appearing first. FROM TO COUNTRY COMPANY POSITION CORE RESPONSIBILITIES 3

13 Please fill in the name, title and contact details of the people that you have requested recommendation letters from. Full Name Title Address Tel. No. Full Name Title Address Tel. No. Please make sure that your recommendation letters are posted to the program s Secretariat in sealed and signed envelopes. They can be submitted along with the application form and the rest of the required documentation required or separately but not later than the end of the applications period deadline. Briefly outline the main reasons for which you wish to attend the MSc program in Accounting and Finance. How do you think the program will help you to accomplish your professional and educational aspirations? 4

14 How did you first hear about the MSc program in Accounting and Finance? Internet (please mention the actual website) Newspapers-. (please mention the name of the paper and the country published) Program graduates or students Elsewhere..... (please specify) DATE: SIGNATURE: The application can be submitted in person or posted to the following address: Admission s Office, MSc in Accounting and Finance AUEB s Postgraduate studies and Research Center Building 9 th floor, Room A Evelpidon and 33 Lefkados Str, P.C , Athens, Greece 5

The MSc program in Accounting and Finance of the Athens University of Economics and Business (AUEB)

The MSc program in Accounting and Finance of the Athens University of Economics and Business (AUEB) The MSc program in Accounting and Finance of the Athens University of Economics and Business (AUEB) is a leading European postgraduate program. Offered by AUEB, the most prestigious Greek University in

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