In the globalized economy, two service sectors are prominent in terms of their contribution to growth. These service sectors derive from the fields of financial services and shipping. In general, financial science focuses on the management of financial resources and risks as well as on the methods of obtaining funding for economic activities. Shipping deals with the science of managing international shipping operations on which much of the global economic activity depends. In both areas, a professional presence of well-trained technocrats / scientists being capable to respond adequately to changes in the economic environment is of vital importance.
The programme offers the opportunity to acquire basic knowledge in both disciplines and to choose a specialization in one of them through a series of specialization modules. Classes are taught by academics of recognised standing with doctoral studies and teaching experience in major universities of the United States of America, the United Kingdom and Australia, with an internationally recognized scholarly work.
During the first two years of study, modules in Economics, Accounting, Statistical Analysis, Finance, Shipping and Commerce are offered, followed by specialized modules in contemporary topics of Finance or Shipping. For the Finance direction, modules inter alia, in Financial Analysis, Econometrics, International Financial Markets, Investment Management and Banking are offered while for the Shipping direction, modules in Shipping operations management, Chartering, Maritime Insurance, Distribution and Maritime Law are offered.
The curriculum is divided into two parts. The first two years are common to all students and include modules that provide an educational base necessary for the last two years. During the first two years, students attend introductory modules such as: economics, commerce, finance, shipping, quantitative methods, general education classes, and foreign language classes. Specifically, during the first two years, students attend the following modules:
- Introduction to Commerce, Finance and Shipping (ECTS 60):
10 modules in finance, international economics, finance, shipping and commerce
- Quantitative Methods (ECTS 24):
4 modules in mathematical and statistical methods
- General Education Courses (ECTS 24):
4 modules in Accounting, Information Technology, Business Ethics and Commercial Law
- Foreign Language (ECTS 14):
3 modules for English language for Business Administration.
In the third and fourth year of the curriculum, students choose to specialize in one of two offered directions: Finance or Shipping. Students must choose advanced modules in the specialization of their choice in order to deepen their knowledge. In addition, students choose from a list of elective modules a number of modules aimed at expanding their knowledge.
Finally, during the last semester of their studies, students must prepare a thesis, which can be completed during their placement in a business or other workplace.
More specifically, during the last two years, students attend the following modules:
- Advanced modules in the direction of their choice: Finance or Shipping (ECTS 60): 10 modules in Finance or Shipping - 5 of these modules are common for both specialties
- Elective Modules (ECTS 30): Modules are selected from an approved list - at least two modules must be selected from those offered by the Department and at least two additional modules must be selected from those offered by another Department of the CUT
- Research Methods in Finance or Shipping (ECTS 6): 1 module that prepares students to conduct a research in the area of their specialization
- Thesis (ECTS 15): prepared during the final semester of studies
- Traineeship (ECTS 7-10): performed during the final semester of study.
Certifications and Exceptions
The Department of Commerce, Finance, and Shipping works with internationally recognized professional degree programme providers. The Department's study programme has received accreditations from worldwide certified professional accountants such as the ΙCAEW Chartered Accountant qualification (ACA) and the Association of Chartered Certified Accountants (ACCA). In addition, the Department is certified by the Institute of Chartered Shipbrokers (ICS).
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