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Banking and Finance
– Start as of Winter Semester 2017/18

Lense, enlarging statstical data of financial development.

Beginning in the winter semester of the academic year 2017/18, the Faculty of Business, Economics and Statistics will offer a new master’s programme in Banking and Finance. Its aim is to introduce students to the most recent theories and methods which are necessary for a successful career in the financial sector, in public administration, and in regulatory agencies.

The programme is not only open to those with a bachelor’s degree in business, economics, or a related discipline, but also to applicants with a degree in other fields of study who are interested in finance, in particular to those with a formal science background. All courses will be held in English. For this reason, the command of English at level C1 according to the Common European Framework of Reference is required.

The opportunity to choose courses from other disciplines of the economic sciences as well as related fields, and the possibility to select courses in research methods complete the programme. These electives may also be courses held in German.

1) Study Overview
a) Admission
b) Alumni of the department say ...
2) After Graduation
3) Contact

1) Study Overview

Students sitting in the library of the Faculty of Business, Economics and Statistics.

The master’s programme in Banking and Finance offers a solid, well-grounded education in the key areas of finance. Students also acquire knowledge in other disciplines of the economic sciences, in related areas, and in research methods.

The programme consists of a general "core programme" and two alternative branches of study labelled "business orientation" and "science orientation". In both branches, students select between specialised courses in different subjects related to the area of finance.

In the "core programme", the following courses are mandatory:

  1. Basics of Finance
  2. Decisions under Uncertainty
  3. Introductory Econometrics
  4. Core Courses in Financial Asset Pricing, Banking and Financial Intermediation, and Corporate Finance
  5. Money and Banking
  6. Game Theory and Information Economics

The specialisation "business orientation" trains students in the fields of modern banking management and corporate finance, preparing them for positions in financial departments of corporations and consulting firms, in controlling, in risk management, in commercial banking and in investment banking.

The specialisation "science orientation" allows students to choose between three different disciplines, i.e. banking, corporate finance, and financial markets. Graduates are prepared for positions in central banks, federal authorities supervising different segments of the financial market, international financial institutions, and research departments of banks. It also enables graduates to continue their studies and to apply for PhD programmes in Finance at highly reputable universities.

More information is available here.

a) Admission

Graduates of the bachelor‘s programmes in Business Administration, International Business Administration, Economics, Statistics, Business Informatics, Computer Science and Mathematics at the University of Vienna qualify as candidates for admission to the master’s programme in Banking and Finance without any further requirements.

Graduates in other fields of study must prove

  • the command of English at level C1 according to the Common European Framework of Reference,
  • knowledge in the fields of business administration, economics, mathematics, and statistics comprising 30 ECTS credits, of which at least 3 ECTS credits must have been acquired in courses in mathematics and 3 ECTS in courses in statistics.
  • A score of at least 150 credits in the quantitative reasoning section of the GRE Revised General Test within the last two years is necessary.

Prof. Thomas Gehrig
Univ.-Prof. Thomas Gehrig, Ph.D.

”The fall of 2017 marks the start of a new master’s program in Banking and Finance. This program also addresses the institutional particularities of the financial systems in Continental Europe, such as their strong banking focus.
In addition to the necessary analytical, methodological skills and the institutional knowledge, students will be made familiar with the underlying economic mechanisms. Thus, the basis for a professional career will be laid and students will be taught how to manage successfully under ever more rapidly changing regulatory, technical and economic conditions.
The most important qualification for the programme is the personal interest in the topic. Basic knowledge in economic science, mathematics and statistics is also necessary to a certain degree; a prior academic degree in those particular subjects, however, is not necessary. The programme will be held exclusively in English.”

- Univ.-Prof. Thomas Gehrig, Ph.D., Professor of Finance

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b) Alumni of the department say ...

“For me, it was a good choice to study at the Faculty of Business, Economics and Statistics at the University of Vienna, in particular because of the practically-oriented group works, the quantitative orientation in many of my elected courses, small class sizes and the excellent relation between lecturers and students.
In my daily work, I often rely on the financial knowledge and the ability to solve new and complex problems, acquired and exercised at the University of Vienna.
The new master’s programme in Banking and Finance sounds very interesting to me. It provides a consolidated financial knowledge and opens the doors to a wide range of opportunities in the professional and also in the academic world.”

- Anna Demmelmayr, MSc, Senior Associate KPMG Advisory GmbH Austria
Graduate of the master’s programme in Business Administration with a specialisation in
Corporate Finance and Operations Research in 2014

“The master’s programme in Business Administration with full specialisation in Finance gave me a sound knowledge of Corporate Finance and Financial Markets with a focus on quantitative approaches.
The matter I especially like in the new master’s programme in Banking and Finance is the diversity of students. Undergraduates with different academic backgrounds, reaching from business administration and economics to mathematics, statistics and business informatics will teach all participants to solve problems through a variety of methods and look at challenges from different angles. I think the new programme is a great opportunity for all students with a high motivation and self-initiative to build a solid ground for their future career.“

- Richard Boulanger (CFA), MSc, Global Macro Strategist, ZZ Asset Management
Graduate of the master’s programme in Business Administration with a specialisation in
Corporate Finance and Financial Markets in 2014

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2) After Graduation

Large Euro Sign in front of a building.

The master’s programme in Banking and Finance provides students with the necessary skills for ambitious careers in theoretical and applied research as well as for specialised and executive positions in both private enterprises and the public sector.

In particular, graduates of this programme find excellent opportunities in consulting firms, controlling and finance departments of companies, risk management and corporate finance departments of banks as well as central banks, government and supervisory agencies, international financial institutions, and research units of commercial and investment banks. It also prepares students for good international PhD programmes.

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3) Contact

Further information on the master’s programme Banking & Finance is available here.

Regarding studies at the Faculty of Business, Economics and Statistics visit this site.

For organisational queries regarding study programmes, please send an e-mail to wiwi-service@univie.ac.at.

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Zusätzliche Informationen