Study program
Finance and Banking

finance-and-banking-msu

Four - year study program

Study program: Finance and banking
Faculty: Faculty of economics and organization of entrepreneurship
Degree: Bachelor’s degree / undergraduate / first cycle
Location: Sveti Nikole or Bitola, Republic of North Macedonia
Student status: full-time or part-time
Duration of study:  4 years (8 semesters)
Total number of courses: 40
ECTS: 240
Awarded degree: Bachelor of economics (Module: Finance and Banking)
Tuition fee per year for international students: EUR 2030

Finance plays a significant role in the stability of the global economy, meaning it is directly or indirectly connected to all of us. Finance and banking is a study program for all those who wish to work in the field of finance (accountants, bankers). The studies last for four years, or eight semesters.

Through the study program, you will become acquainted with the essence and practical significance of the fundamental principles of finance, learn to recognize the characteristics and types of various financial instruments (bonds, stocks, savings deposits, loans, financial derivatives, etc.), and understand the principles of valuing financial instruments, namely the basic factors that influence an investor’s decision on where to invest their money.

The program also includes subjects from the field of accounting, where you will be introduced to the basic techniques of asset accounting, and the accounting recording of income and expenses…

Bachelor's degree

Available at Sveti Nikole and Bitola.

Finance and banking is a study program that will help you develop your analytical skills, as well as your skills in making conclusions. There are numerous pre-established theories that can help you decide which financial decision is best, but here you will learn that each situation is different. Pre-established theories will help you see things, but it does not mean they can always be implemented as they are.

For this reason, here you will learn to develop your “sense” for dealing with unpredictable matters, which will be your best ally as future economists.

The four-year studies cover 40 subjects that students need to pass. Each semester includes mandatory and elective subjects. From the possible two elective subjects, students choose only one. From a possible three subjects, two are chosen. From possible four subjects, students choose only two.

Upon graduation, you will earn the professional title of Bachelor of Economics (Module: Finance and banking).

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Study program
four - year degree program

1 SEMESTER

  • Microeconomics
    Required

    6 ECTS

  • Business Mathematics
    Required

    6 ECTS

  • Essentials of Management
    Required

    6 ECTS

  • English Language 1
    Required

    6 ECTS

  • Business Ethics
    Elective

    6 ECTS

  • Information Systems
    Elective

    6 ECTS

2 SEMESTER

  • Macroeconomics
    Required

    6 ECTS

  • Accounting Principles
    Required

    6 ECTS

  • Statistics
    Required

    6 ECTS

  • English Language 2
    Elective

    6 ECTS

  • Introduction to Business
    Elective

    6 ECTS

  • Business Communication
    Elective

    6 ECTS

3 SEMESTER

  • Marketing Principles
    Required

    6 ECTS

  • Entrepreneurship
    Required

    6 ECTS

  • Commercial Law
    Required

    6 ECTS

  • Russian language 1
    Required

    6 ECTS

  • Managerial Economics
    Elective

    6 ECTS

  • Monetary Economics
    Elective

    6 ECTS

4 SEMESTER

  • Public Finance
    Required

    6 ECTS

  • Organizational Behavior
    Required

    6 ECTS

  • Financial Accounting
    Required

    6 ECTS

  • Pricing Policy in Marketing
    Elective

    6 ECTS

  • Russian Language 2
    Elective

    6 ECTS

  • Business Psychology
    Elective

    6 ECTS

5 SEMESTER

  • Financial Markets and Institutions
    Required

    6 ECTS

  • Business Planning
    Required

    6 ECTS

  • Insurance
    Required

    6 ECTS

  • Banking
    Required

    6 ECTS

  • Human Resource Management
    Elective

    6 ECTS

  • Bank Marketing
    Elective

    6 ECTS

6 SEMESTER

  • Corporate Finance
    Required

    6 ECTS

  • Financial Analytics
    Required

    6 ECTS

  • Financial Management
    Required

    6 ECTS

  • Risk Management
    Elective

    6 ECTS

  • Strategic Management
    Elective

    6 ECTS

  • Strategic Marketing
    Elective

    6 ECTS

7 SEMESTER

  • Securities
    Required

    6 ECTS

  • International Finance
    Required

    6 ECTS

  • Revision
    Required

    6 ECTS

  • E-Business
    Required

    6 ECTS

  • Project Management
    Elective

    6 ECTS

  • Operative Management
    Elective

    6 ECTS

8 SEMESTER

  • International Trade
    Required

    6 ECTS

  • Investments
    Required

    6 ECTS

  • International Economic Relations
    Elective

    6 ECTS

  • Bank Management
    Elective

    6 ECTS

  • Change Management
    Elective

    6 ECTS

  • Foreign Exchange System
    Elective

    6 ECTS

  • Bachelor’s Thesis
    Required

    6 ECTS

Admission
requirements

Candidates eligible for admission to the bachelor’s program include those who have completed a four-year secondary education, whether in their country of residence or abroad, and have successfully passed the national or international matura exam (for countries where it is  required).

Our program also welcomes applications from students of other accredited faculties, graduates, and foreign nationals.

We admit candidates without the need for entrance exams, making the application process simpler and more accessible.

Documents
for admission

When applying for admission to the bachelor’s program from outside the Republic of North Macedonia, students are required to prepare the following documents:

  • Diploma/Certificate for completing secondary education (certified with an Apostille Stamp or a stamp from the respective Ministry of Foreign Affairs for countries not members of the Hague Convention);
  • Certificates for each completed year of secondary education;
  • Decision from the Ministry of Education and Science of the Republic of North Macedonia for the recognition of the diploma for completed secondary education (our university offers assistance in obtaining this document);
  • Birth Certificate;
  • Certificate of Citizenship;
  • 4 passport-size color photographs.

The application documents should be submitted to the International Slavic University:

  • in Sveti Nikole, located at Marshal Tito No. 77 – 2220 Sveti Nikole, Republic of North Macedonia or
  • in Bitola, located at Novachki Pat No. 16 – 7000 Bitola, Republic of North Macedonia.

Tuition
fees

For international students, the tuition fee is EUR 2030 per year. International students are required to pay the full amount of the yearly tuition fee at the beginning of the academic year.

For more information please visit the Tuition Fees page.

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