Study program Applied finance
One year studies
Study Program: Applied Finance
Faculty: Faculty of Economics and Organization of Entrepreneurship
Degree: Master’s degree (Second Cycle, Academic)
Location: Sveti Nikole or Bitola
Duration of Studies: 1 year (two semesters)
Admission Requirement: Minimum of 240 ECTS credits
Total Courses: 6
Program ECTS Credits: 60
Total ECTS upon Graduation: 300
Awarded Degree: Master of Economic Sciences (Applied Finance)
Annual Tuition Fee: 2,030 EUR
In the Applied Finance study program, you will learn how to “make room” for modern financial practices that are more flexible, practical, and—most importantly—applicable in a real business context. This is a postgraduate program lasting one year (4+1) or 60 ECTS credits. The admission requirement is that the student has completed higher education with at least 240 ECTS credits.
Applied Finance focuses on the practical use of financial tools and analyses to make informed decisions in both the business and public sectors. This is a critical area in every organization, where accuracy, analytical skills, and strategic planning are equally valued to ensure financial stability and growth.
Post-graduate studies
In modern organizations, financial management is one of the key factors for successful decision-making and long-term stability. Among all the resources available to an organization, the ability to perform financial analysis, planning, and control is what distinguishes routine operations from strategic growth. Applied Finance is closely connected to all other business functions and provides the foundation for rational management of capital, investments, and risks.
The program will equip you with knowledge of the various activities and functions of financial management—from budgeting, cost monitoring, and resource optimization, to financial statement analysis, cash flow management, and investment decision-making. You will learn how to assess organizational performance using financial indicators, leverage data for better decision-making, and develop strategies for financing and growth.
You will also understand why risk management is essential for every organization, how financial markets and institutions operate, and the role of regulation and ethics in financial practice. The program will develop your skills in using modern financial tools and technologies necessary for today’s dynamic economic environment.
The one-year program includes 7 courses that students are required to complete. From the 8 offered electives, students choose 3.
Upon completion of the program and the preparation of a master’s thesis, you will earn the professional title of Master of Economic Sciences (Applied Finance).
Study program one year studies
9 SEMESTER
-
International Financial Markets and Institutions
6 ЕКТС
-
International Monetary System
6 ЕКТС
-
Corporate Governance
6 ЕКТС
-
Public Audit
6 ЕКТС
-
Risks in Financial Institutions
6 ECTS
-
Government Accounting and Nonprofit Accounting
6 ECTS
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Development Economics
6 ECTS
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Quantitative Methods in Finance
6 ECTS
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International Financial Reporting Standards
6 ECTS
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Tax Analysis and the Tax System in North Macedonia
6 ECTS
10 SEMESTER
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Methodology of Scientific Research
6 ECTS
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Financial Management – Intermediate Level
6 ECTS
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Master’s Thesis
Admission requirements
Candidates eligible to enroll in the second cycle (Master’s) studies are those who have completed a first cycle (Bachelor’s) program with at least 240 ECTS credits (four-year studies).
Students from other accredited faculties and foreign nationals are also eligible to enroll (as regulated by law).
Enrollment is granted without the requirement to take an entrance exam.
Documents for admission
When applying for enrollment in the second cycle (Master’s) studies, candidates must submit the following documents:
Diploma for completed first cycle (Bachelor’s) studies
Certificate of completed exams
Birth certificate
Photocopy of ID card
4 small color photographs
Application documents can be submitted at the premises of the International Slavic University in Sveti Nikole at 77 “Marshal Tito” Street and in Bitola at 90A “Prilepska” Street.
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.