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Financial Engineering

Language of instruction

english, lithuanian

Qualification degree and (or) qualification to be awarded

Bachelor of Business Management

Place of delivery

Vilnius, Saulėtekio al. 11, LT-10223

Institution that has carried out assessment

No data

Institution that has performed accreditation, accreditation term

Studijų kokybės vertinimo centras, 5/30/2030

Data provided or updated (date)

3/5/2018

Order on accreditation

SV6-28
More about programme

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Summary of the Profile

General Description:
Objective(s) of a study programme:
To prepare Bachelors of finance engineering, who would be able to apply in their professional activity the acquired knowledge of financial theory and practice in forming, evaluating and independently making effective financial decisions, based on systematic, critical and constructive thinking, being able to integrate and apply the complex of knowledge of financial theory, financial process management and financial engineering that includes the innovative financial instruments, the ways of cognition of economics, as well as achievements of other fields of science and technology.
Learning outcomes:
Knowledge
- Knowledge of engineering principles, mathematics, informatics, humanitarian sciences and its application for formation of vide world-view in order to know and to evaluate phenomenon of economic, financial, scientific and technological progress necessary for perception of financial system and suitable for proper performance of finance management functions.
- Knowledge of finance theory and finance engineering categories, principles, and concepts and its application for dealing with financial management problems in international, national, regional business development.
Research skills
- Is able to implement the researches that allow to specify constructive application of financial results in changing or non-typical conditions, grounding the demand of financial evaluation and financial solutions in various fields, considering risk and uncertainty.
- Is able to use quantitative and qualitative research methods, forming assumptions to make financial analysis, to research financial markets and activity of its participants in a dynamic business environment and under conditions of changing financial and economic situation.
Special skills
- Is able to form an adequate to analysing processes financial models, that can be used to solve practical tasks of financial engineering, to improve financial processes and to achieve business results by the most efficient manner.
- Is able to prepare financial management strategies including the human factor, technology, and modern financial instruments taking into account the behaviour of financial markets participants under conditions of risk and uncertainty also financial market regulations.
Social skills
- Is able to discuss information, ideas, knowledge and potential solutions under the conditions of complex environment in written and oral form with experts and laymen.
- Is able to develop and provide socially responsible proposals based on analytical, systematic, engineering and critical thinking in financial and adjacent areas.
Personal skills
- Is able independently and effectively use principles of financial management and instruments of financial engineering also to participate in financial markets and promote socially responsible financial behaviour by his/her own example.
- Is able to assume responsibility for the result of the work, to evaluate its impact and effects on society and independently developing his/her professional competence through lifelong learning.
Activities of teaching and learning:
Participatory lecture, problem solving lecture, seminar, practice, individual and group works, real world experiences, case study, reports, search of information and its generalization, individual study of academic literature, oral presentation, etc.
Methods of assessment of learning achievements:
Assessment is based on the three levels: Threshold, Typical and Excellent.
Summative assessment is used: closed or open book exam, midterm exam, individual work (e.g. oral or written presentations, homework, etc.); practice report, course works and course projects, complex projects, defence of final theses, etc.
Framework:
Study subjects (modules), practical training:
Study program consists of: 15 credits of general University subjects (e.g. Philosophy, Specific language, Intercultural communication, etc.), 186 credits of subjects of the field of study (e.g., Financial evolution and principles, Essentials of Financial decisions, Microeconomics, Management, Financial engineering, International finance, Personal finance, Investment management, etc.), 15 credits of Introductory and Professional Practice, 6 credits of free choice obligatory courses, and 18 credits of Bachelor‘s thesis.
Specialisations:
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Optional courses:
Student can choose an additional practice, study subjects of the same field of study (optional choice (not more than 9 credits) and free choice (not more than 6 credits), study subjects of other field of study (optional choice (not more than 9 credits) and free choice (not more than 6 credits)).
Distinctive features of a study programme:
Financial Engineering study programme provides the high-level Bachelor’s (graduate) studies considering the society interests and market needs. The programme of Financial Engineering is treated as a system of interests of the key programme’s participants – students, university, business and public sector.
The knowledge of financial engineering is a result of harmony between deep finance, management and economical scientific knowledge and other e.g. fundamental, sciences knowledge.
Financial engineering study program is oriented on the ability to know and to applicate not only traditional financial instruments, but concentrates on innovative one.
Financial engineering studies forms engineering thinking and project based work ability.
Special point in Financial engineering study program is given on the time value of money and on the cognition and evaluation of financial risk under uncertainty.
Application of different types of software and data bases, also the use of different quantitative research methods forms an exclusive knowledge and abilities in the field of financial management and financial modelling.
The disciplines proposed in the programme, such as Behavioural Finance, Personal Finance Management, Financial Risk Management, etc. determine the transformation of the acquired knowledge and skills into the most effective source of knowledge for solving the arising problems of financial management.
Access to professional activity or further study:
Access to professional activity:
Bachelor is able to work in the private (manufacture, commerce, facilities), public (public service) sectors, banks, credit unions pensions and investment funds, payment institutions, insurance companies and other institutions or enterprises as finance specialists, finance analysts, accountants, statisticians.
Access to further study:
Students can continue to study Master's degree in management or economics.