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Undergraduate

The Department of Banking and Financial Management was created in 1989 and is the only one in the field of Finance in Greece.

The curriculum is comparable with the respective curricula of the foreign Universities, is adjusted to the Greek reality and aims at covering the educational needs of the financial sector of the country. In particular, apart from extended emphasis in Economic Analysis Quantitative Methods and Social Sciences, studies in the Department of Banking and Financial Management offer basic knowledge in the operation of enterprises, credit institutions and money and capital markets.

Special emphasis is given in the following aspects:

  1. the role of the financial manager of a modern corporation in achieving business targets, in financial planning and reporting and in rasing and using funds,
  2. the structure and functions of banking institutions,
  3. money and capital markets, particularly the functions of Stock Exchanges, portfolio management using options, futures, hedging and swaps,
  4. the structure and functions of investment banking firms with special emphasis in their activities concerning mergers, takeovers and divestitures,
  5. international banking and international banking institutions,
  6. the use of microcomputers and related applications for analysing and presenting data for solving financial problems.

The curriculum accommodates the professional needs of students who wish to become executives in private and state enterprises, banks and other profit-making and non-for-profit institutions.

With this curriculum, the Department deals with the present and future needs of the country in specialised administrative and business executives in all sectors of Department of Banking and Financial Management.

BSc in Banking and Financial Management, offered by the Department of Banking and Financial Management, School of Finance and Statistics, University of Piraeus

 

The curriculum presented below is currently (as of academic year 2019-2020) applicable for up to third year students, and will become fully applicable from academic year 2020-2021 for fourth year students as well. In the current academic year, fourth year students follow a marginally modified version of this curriculum, in which there exist two core courses in the eight semester (Portfolio Management and Business Policy and Strategy) instead of one.

Moreover, according to a recent decision of the Departmental General Assembly, foreign language courses no longer count towards the successful completion of the BSc Program. This modification becomes fully applicable for students expected to graduate in the academic year 2022-2023; however, language courses are still mandatory for students expected to graduate before that date.

Study in the BSc program takes a total of four years, developed over eight semesters, for a total of 240 ECTS credits (60 per year) corresponding to 32 different courses (4 courses per semester). Each of the two semesters (winter and spring) involves compulsory teaching over 13 weeks (this Semester duration is mandated by Greek law for all public Universities), so each module is taught over 13 weeks*4 hours per week in each Semester.

Foreign language courses are organised at the University level and cover the following languages: English, or French, or German. They are mandatory for students expected to graduate until year 2021-2022 (entry into the BSc Program in year 2018-2019) but have become non-mandatory for students having entered the BSc Program in year 2019-2020, so expected to graduate in year 2022-2023.

 

Courses taught in each Semester

 

First Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Microeconomics Ι C 4 7.5
Statistics Ι C 4 7.5
Mathematics Ι C 4 7.5
Regulation of Financial Markets C 4 7.5

 

 

Second Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Macroeconomics Ι C 4 7.5
Statistics ΙΙ C 4 7.5
Principles of Financial Accounting C 4 7.5
Mathematics ΙΙ C 4 7.5

 

 

Third Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Introduction to Computer Science and Programming C 4 7.5
Commercial Law C 4 7.5
Financial Management C 4 7.5
Financial Statement Analysis C 4 7.5

 

 

Fourth Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Money and Banking C 4 7.5
Fixed Income Securities C 4 7.5
Econometrics C 4 7.5
Corporate Finance C 4 7.5

 

 

Fifth Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
International Macrofinance C 4 7.5
Financial Derivatives and Hedging Strategies C 4 7.5
Elective course C 4 7.5
Elective course C 4 7.5

 

Sixth Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Financial Theory C 4 7.5
Banking C 4 7.5
Elective course Ε 4 7.5
Elective course Ε 4 7.5

 

Seventh Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Risk Management for Financial Institutions C 4 7.5
International Financial Markets C 4 7.5
Elective course Ε 4 7.5
Elective course Ε 4 7.5

 

 

Eighth Semester
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Portfolio Management C 4 7.5
Elective course C 4 7.5
Elective course Ε 4 7.5
Elective course Ε 4 7.5

 

 

 

 

 

 

Winter Semester Electives – study years 3 and 4
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Computational Finance Ε 4 7.5
Selected Topics in IFRS Accounting Ε 4 7.5
Financial Econometrics Ε 4 7.5
Theory of Decision Making Ε 4 7.5
Tax Accounting Ε 4 7.5
Credit Risk Management Ε 4 7.5
Microeconomics of Banking Ε 4 7.5
Neuro Finance Ε 4 7.5
Introduction to Insurance Ε 4 7.5
Management Accounting Ε 4 7.5
Market Microstructure Theory Ε 4 7.5
The Financing of Global Corporations Ε 4 7.5
Mutual Funds and Alternative Investments Ε 4 7.5

 

 

Spring Semester Electives – study years 3 and 4
Course name Core course/Elective (C/E) Weekly teaching hours ECTS Credits
Game Theory Ε 4 7.5
Business Policy and Strategy Ε 4 7.5
Environmental Finance Ε 4 7.5
Asset Pricing Ε 4 7.5
Mergers and Acquisitions Ε 4 7.5
Applied Global Macrofinance Ε 4 7.5
Stochastic Methods in Finance Ε 4 7.5
Applied Econometrics Ε 4 7.5
Bank Accounting Ε 4 7.5
Internship in Banking and Financial Management Ε 4 7.5
Economics of Information Ε 4 7.5
Organizational Behavior Ε 4 7.5
Special Topics in Risk Management Ε 4 7.5
Advanced Portfolio Theory Ε 4 7.5
Special Topics in Risk Management Ε 4 7.5
Stochastic Analysis Ε 4 7.5

 

 

 

Prerequisite Modules
Name of course for which a prerequisite course exists Semester Name of prerequisite course Semester
Statistics ΙΙ 2 Statistics Ι 1
Mathematics ΙΙ 2 Mathematics Ι 1
International Macrofinance 5 Macroeconomics Ι 2
Financial Statement Analysis 3 Principles of Financial Accounting 2
Econometrics 4 Statistics ΙΙ 2
Financial Derivatives and Hedging Strategies 5 Fixed Income Securities 4
Corporate Finance 4 Financial Management 3