Master. After acquisition of the Study programme the student receives 2nd level professional Master’s degree in finance and obtains the qualification “Financial analyst” which corresponds to the 5th professional qualification level and it corresponds to the level 7 of the Latvian Qualification Framework (LGF) and European Qualification Framework level 7.
Immatriculation, that is the enrolment in the study programme is organized according to the Enrollment Regulations of the School, which are being endorsed by the Senate for each coming academic year.
For recognition of non- formal and informal learning there is a legal framework to promote and implement lifelong learning. On January 10, 2012, the Cabinet of Ministers issued “Rules of Procedure for Recognition of Learning outcomes in Prior Learning or professional experience”, Number 36. The procedural documents have been developed by the School and endorsed by the Senate. Lifelong learning activities have been designed to facilitate LLL. Programmes are designed with Learning outcomes which ensures transparency and comparability. ECTS is applied to lifelong learning. General arrangement for the recognition of non- formal and informal learning are explained in the Rules of Procedure for the Recognition of Prior Learning which were endorsed by the Senate in 2012. The document explains the process, the criteria and the recognition.
In order to obtain the qualification and professional Master’s degree, the student has to fulfil the following programme requirements:
• To acquire course learning outcomes that ensures knowledge on the latest theories and practice in the field
• To acquire research skills, innovation and project skills, course in business administration
• Has to study pedagogy and psychology courses
• Has to do a company placement
• Has to prepare and defend the Master’s degree thesis.
The implementation of goals and objectives of professional Master’s degree programme “Financial Management” complies with the strategic goals set out by regulations of the Cabinet of Ministers on higher professional education State Standard of the 2nd level for Profession ‘Financial analyst’. Goal of the programme is to train high level professionals in forecast and modelling of financial processes, based on research and creative work, as well as investment project management in credit institutions, investment companies, insurance companies, and large corporations, to develop the skill to explore and understand regularities in the field of financial processes and relations, to acquire methods and techniques to analyse and assess them. Within the programme students are encouraged to do research and develop the skills of elaborating a scientific research work, which enables the graduates to continue their studies in doctoral programmes. The study process takes place using the method of the so-called “problem-based learning”, i.e. analysis of problem situations and other study materials, in order to develop skills to apply the theoretical knowledge, discussions, argumentation skills, and the skills of presentation of the theoretical ideas, analyzing research literature and practical problems of the branch. The students study under the guidance of experienced and professional academic staff and acquire 60 ECTS. The students have international study environment. The students are eligible to study under Erasmus exchange programme. They have also the opportunity to study with international academic staff from partner universities.
Acquisition of learning outcomes have been set as follows:
1 Ability to analyse complicated scientific and professional problems and view a situation critically, address the current financial management issues of a company, take decisions, complete highly qualified professional functions.
2 Demonstrate ability of financial management and forecast, ensuring competitiveness of a company and increasing its added value in the changing environment of global economy
3. Team-work skills, ability to understand the interests of different groups, to argue and conduct discussions, communication and conflict management skills.
4. Demonstrate understanding and ethical responsibility about the impact of professional activities upon environment and society
5. Ability to assess and analyse the financial environment in the local and international markets
Graduates are competent to work in banks and companies, public and local government institutions, as well as in private companies as financier, senior or chief accountants, auditors and the Heads of Finance Department.
The graduates of Professional Master’s degree programme are eligible for further studies at Doctoral degree programmes.
|Course||Lecturer||CP||Type of examination||Planning|
|STUDY COURSES PROVIDING ACQUISITION OF KNOWLEDGE IN THE BRANCH IN THEORY AND PRACTICE|
|Financial Management and International Finance||
|Investment and Finance Management in a Company||
|RESEARCH, CREATIVE, DESIGN WORK AND MANAGEMENT COURSES|
|Research Methods in Financial Management||A.Spilbergs||2||Examination||2|
|Financial Forecasting and Modelling||
|ELECTIVE COURSES – 2CP|
|Work placement – 6 CP|
|Work placement||Career Centre||6||Defence||6|
The assessment of students is in accordance with the requirements of “Study Ordinance”.
Acquisition of 60 ECTS including a company placement and a preparation and the defence of the Master’s paper.