MASTER IN FINANCE AND ACCOUNTING

Master in Finance and Accounting

Level
Graduate Programs (Master)
Duration
2 years
Language
EN
Obtained title
Master's Level Degree
Mode
Full-time
Part-time
Brochure
Contact
Dana Duda
Supervisor of the field of study
Dana Duda
About the studies
Basic information

In 2020 Kozminski University was ranked 20th in the world in the Global Masters in Finance Ranking published by "Financial Times". It is the only university ranked from Central and Eastern Europe.

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The Master's Program in Finance and Accounting is designed in close cooperation with practitioners - representatives of companies and financial institutions. It delivers in-depth specialized knowledge and develops skills of analyzing complex business problems through combining financial and accounting information with knowledge from other areas.

This Program is designed for motivated and passionate people with a clear vision of pursuing top international careers in finance.

You shall join the ranks of our Alumni who are respected leaders in investment and commercial banking, private equity and brokerage firms, consulting companies, treasury departments, regulatory authorities etc.

Graduates receive a Master in Finance and Accounting diploma. Additionally they get a diploma's supplement stating which major the student finished.

Program highlights
1
Be part of a top FT ranked Master in Finance and Accounting program

Check why the "Financial Times" ranking is crucial for the development of your future career HERE.

2
Choose an outstanding Double Degree program with our international partners!l!

Receive two diplomas of highly esteemed European universities.

3
Choose your own path of self development

Choose between 3 unique majors depending on your preferences: Corporate Finance (CFA approved), Corporate Reporting and Accounting (ACCA certified), or International Banking

4
Learn from the best!

Meet top tier strategic partners who assure programs alignment with job market expectations and discuss the latest trends and your career opportunities during workshops. Today these are Citibank Europe PLC, Accenture Operations, KPMG and Santander Investment Bank!

Partners of the program

The Program is actively supported by industry strategic partners, who assure that the curriculum stands to the current requirements of the labor market. Today these are Citibank Europe PLC, Accenture Services Ltd, KPMG and Santander Investment Bank. Each of our partners is actively engaged in shaping and directing the study process by participating in the Program Council and thereby, bringing invaluable input to the contents of the course, organizing guest lectures facilitated by experienced senior management and providing internship and full-time job opportunities to our students. Assuring that the study process is closely intertwined with practical experience, gives our students a competitive edge and provides a dynamic start to their careers.

Double Degree Programs

During the course of study, students of the Master in Finance and Accounting Program have the opportunity to go on their second year to one of our partner universities for a so-called double degree program, thanks to which they will receive not only the diploma of Kozminski University, but also from our partner university!

Thanks to the double degree programs you will be able to gain a diploma of a renowned university by spending just a part of your studies with no increase to your study or financial obligations.

Click on the logo of a partner institution to get more information on your university of interest.

Available Double Degree Programs on the Master in Finance and Accounting studies:

Accreditations, Certificates & Recognitions

The Master's Program in Finance and Accounting has been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree program(s) incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams. Graduates of the program benefit from exemptions from most of the papers on the Applied Knowledge and Applied Skills level ACCA Qualification (AB, MA, FA, LW, PM, FR, FM; additionally students from the majors in Corporate Reporting and Accounting are exempted from TX and AA) and can expect to have a wide range of career opportunities in all areas of business. Kozminski University is an academic partner of the CAIA Association.Becoming a partner of the CAIA Association, a global network of more than 9,000 alternative investment professionals located in more than 90 countries, gives our students access to CAIA's vast databases and the possibility to get a special scholarship. Kozminski University is an academic partner of GARP (Global Association of Risk Professionals), which is currently the leading professional association for risk managers, dedicated to the advancement of the risk profession through education, research and the promotion of best practices globally. By virtue of covering at least 70% of the body of knowledge of the Financial Risk Manager (FRM®) examination.

Watch a short video on the program
Program leader
dr Franjo Mlinarič

The KU Master in Finance and Accounting Program guarantees access to global best practice, academic expertise, and relevant training in the heart of Europe. It is globally acknowledged by the most prestigious professional bodies and rankings in the financial universe as well as by the Programs’ strategic partners: Accenture, Citibank and KPMG.   
 

Our carefully selected students from over twenty countries around the world contribute to a creative and challenging environment, facilitated by prolific academic researchers and experienced market practitioners. We put a strong emphasis on experimental learning-by-doing, extracurricular activities and international exchange of students and faculty to foster a unique combination of globally competitive industry knowledge and skills.  
 

The Program covers the full spectrum of topics financial professional needs to gain critical insight and foresight in times of a volatile and ambiguous environment. Thus, it is our passion to empower new generations of competitive, creative and ethical leaders in the world of business and finance. Together with our students, we strive for excellence and invite you to share our ambition.  

What you gain from your studies

Students of the program can expect to master the knowledge and skills regarding: 

  • Economics the economic mechanisms at the micro- and macro- economic level 

  • Proper functioning of an enterprise and financial institutions in a free market economy 

  • Assessment of the current and future financial conditions of an organization 

  • Market position and business entities 

  • Professional and ethical standards used in solving problems in finance and accounting 

  • Principles and accounting standards, both in domestic and foreign and international accounting operations 

  • Preparing and interpreting financial statements and formulating useful conclusions based on them 

  • Design of efficient accounting systems, assessing the effectiveness of the accounting systems used in a variety of entities 

  • Implement ways to improve the financial condition of each entity, its restructuring and rehabilitation 

  • Making the right choice out of the most favourable sources of financing 

  • Identify risks in business, its measurement and management 

Career Opportunities After Your Studies
  • Specialist in finance, financial analyst, or manager in organizations dealing with financial services (banks, insurers, mutual funds, broker services), international corporations or the public sector. 

  • A controller, an accountant, an auditor, or an accounting specialist in a related field (professions that have proven to be resistant to the financial crisis). The program prepares its participants for work in both the private and public sectors. 

  • A specialist in any department of a company related to finance and accounting 

  • A specialist in Anti-Money Laundering and compliance departments of international banks 

Program
Choose between 3 available majors

Timeline of the studies:  

  1. SEMESTER 1  
  • Advanced Corporate Finance 
  • Corporate Financial Reporting 

  • Quantitative and Qualitative Research Methods 

  • Communication and Negotiation Skills 

  • Advanced Macroeconomics 

  • Big Data Analysis 

  • Modern Banking Systems 

  • Introduction to AML and Compliance in Banking 

  • Career Track Seminar

SEMESTER 2

  • Application of Statistics and Econometrics in Finance and Accounting 

  • Corporate Valuation and Fundamental Analysis 

  • Advanced Financial Reporting 

  • Advanced Management Accounting 

  • Financial Instruments and Financial Risk Management 

  • Advanced SQL 

  • Ethical Issues in Finance and Accounting 

  • Psychology of Financial Markets 

  • Dissertation Seminar 

SEMESTER 3

  • Mergers and Acquisitions 

  • Corporate Governance and Control 

  • Programming in Finance 

  • Dissertation Seminar 

Choose one of the two available majors: 

  • Corporate Finance (CFA Track) 

  • Corporate Reporting (ACCA Track) 

SEMESTER 4

  • Dissertation Seminar 

Choose either: 

  1. 1. Two elective courses 

  1. 2. An 8 week long internship 

 

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Class schedule

Full-time programs: Classes take place from Monday to Friday in the morning and in the afternoon.   

Part time programs: Part time program classes take place on Friday (in the afternoon), Saturday and Sunday (in the morning and in the afternoon). 

Community
Opinions of students and alumni
Tim Knapp
Tim Knapp

„When I took the decision to specialise myself on Finance and Accounting, I aimed to pursue a high-class Master’s programme which optimally prepares me for my future professional career in the challenging and rapidly changing world of finance.     The Master in Finance & Accounting at Kozminski University has impressed and inspired me from the beginning and surpassed my expectations. All of the various courses highly emphasise the linkage of theoretical concepts with their real-world applications which makes the programme genuinely unique.     Personally, this approach has allowed me to tackle both, the diverse responsibilities I have been encountered with and the various challenges I will face during my corporate finance career. Furthermore, the university actively promotes extracurricular activities such as the CFA Institute Research Challenge – the most prestigious student competition in finance – which enabled me to represent Kozminski University together with my team mates at the EMEA Finals in Dublin.     In addition, wide-ranging and valuable support for students who aim to become, for example, CFA or CAIA charterholders is provided. Moreover, above all, the programme offers one the opportunity to study in a highly international and culturally diverse environment whereby I have been able to connect and build long-lasting relationships with like-minded people from around the globe."

Mickael Jin
Mickael Jin

"The Master of Finance of Kozminski University provides the opportunity for students to take part in the CFA Institute Research Challenge.The competition gives the students the opportunity to work and build an equity research of a publicly listed company.     With the valuable experience and skills gained during the challenge, in addition to the broad and deep knowledge received from the Master's program itself, I was able to secure an offer at the Investment Banking Division of Trigon Dom Maklerski, one of the leading independent investment banking firm in the CEE region."FILM (Historie absolwentów, uczestników)."

 

Admission
Admission requirements

ATTENTION! In accordance with the recommendations of Ministry of Health of Republic of Poland, concerning the prevention of Coronavirus spread, the University is closed until further notice. The employees of Admission Office are available during the office hours (8:30 - 16:30) via e-mail (admission@kozminski.edu.pl) or by calling +48 22 519 22 69. In urgent cases there is the possibility to schedule an individual meeting with the employees, after scheduling an appointment following this link. Admission for full-time and part-time Master programs at Kozminski University is based on 2 criteria: GPA on your previous studies and results of an online entry test. Maximum score is 100 points - 50 points for the test and 50 for GPA. Candidates who scored at least 60 points from both criteria will be qualified to the program.

Entry Test

The entry test is scheduled for 40 minutes and is meant to check the background of the candidate, analytical and logical thinking skills, as well as, possession of basic knowledge in the field, corresponding to the knowledge a Business-related Bachelor alumni should possess. Test is composed of 25 close-ended questions - 10 quantitative questions, 10 on general knowledge and current world situation and 5 on specialized knowledge in Business.

Required Documents

Application for full time and part time Master's programs at Kozminski University must include:   

  • application form - complete the form online, print and sign
  • original Bachelor/Master degree diploma or notarized copy and transcript of records (translation of the documents into Polish)
  • 1 signed passport photograph 
  • copy of the national ID or a passport 
  • CV in English
  • proof of payment of the admission fee (non-refundable)
  • certificate confirming proficiency in English
    • FCE, CAE, CPE, BEC, CEIBT issued by the University of Cambridge
    • IELTS  (at least 6.0 points, academic level)
    • TOEFL iBT (at least 87 points)
    • TOEIC (at least 700 points from the test)
    • LCCI (English for Business Level 2, 3, 4)
    • FTBE (Foundation Certificate for Teachers of Business English)
    • TELC (B2 Certificate in English)
    • Pearson certificate at least B2 level

Only candidates who scored at least 95% on the basic level or 80% in the extended level from English language at the Polish "Matura" examination, completed European Baccalaureate, completed International Baccalaureate or completed education instructed in English in one of the EU countries, Great Britain, Ireland, USA, Canada, Australia, New Zealand, can be excluded from submitting an English proficiency certificate.

Additional support

In case of visa, accommodations and other daily issues please contact our Students Support and Service Center: studentsupport@kozminski.edu.pl 

Foreigners who need a visa to study in Poland are additionally required to make payment of tuition for one full year of studies before we can issue documents necessary in the visa application process i.e. invitation to come to Poland and the admission decision.

Admission commission issues a conditional acceptance letter including individual account number to which the payment should be transferred in Polish Złoty (PLN) calculated according to the exchange rates of the National Bank of Poland (www.nbp.pl). In case the candidate is denied a visa tuition is returned.

Admission fee is non-refundable.

Step-by-step admission procedures
1
Register on-line

The admission form is available online.  

Transfer from another university  

2
Make payment of the admission fee

The admission fee should be transferred to the Kozminski University bank account or made through the platnosci.pl system available after completing the online application form.

3
Submit your application

All of the required documents should be submitted in the Admissions Office (in person or via regular post).

4
Entry test

Participation in online entry test is required for all candidates. Candidates are enrolled to the test after the application is reviewed and accepted by the Admission Committee.

5
Admission decision

The decision is issued in few working days after the test is cleared. Candidates who obtained at least 60 points from both admission criteria are qualified for program. 

 

6
Signing of the contract

The final step of the admission process is signing the agreement

Tuition and fees
Master in Finance & Accounting - Tuition Fees (Full-Time)
I year - tuition per semester (full-time) II year - tuition per semester (full-time)
Tuition per semester paid in full (PLN) 11 900 PLN 12 500 PLN
Tuition per semester in 5 installments (PLN) 5 x 2 400 PLN 5 x 2 520 PLN
Tuition per semester paid in full (EUR) 2770 EUR* 2910 EUR*
Tuition per semester in 5 installments (EUR) 5 x 560 EUR* 5 x 590 EUR*
Admission fee: 100 PLN / 24 EUR*
Master in Finance & Accounting - Tuition Fees (Part-Time)
I year - tuition per semester II year - tuition per semester
Tuition per semester paid in full (PLN) 9 400 PLN 9 900 PLN
Tuition per semester in 5 installments (PLN) 5 x 1 900 PLN 5 x 2000 PLN
Tuition per semester paid in full (EUR) 2190 EUR* 2310 EUR*
Tuition per semester in 5 installments (EUR) 5 x 450 EUR* 5 x 470 EUR*
Admission fee: 100 PLN / 24 EUR*

* Exchange rates according to NBP table of 2020-02-03: 1 EUR = 4,301 PLN PRICES IN PLN ARE APPLIED. If you pay in EURO please note that payments in EUR are recalculated into PLN according to the exchange rate of Millennium Bank based on the day of receipt of payment to the Kozminski University bank account. Check current exchange rate.  

Payment of the admission fee should be made to the following bank account:   

Name of the bank: Pekao S.A. II o/Warszawa  Address: Grzybowska 53/57,  Warszawa  Bank account number: 20 1240 1024 1111 0010 1646 0637  SWIFT code: PKOPPLPW  IBAN: PL 

Scholarships and discounts
Benefits of studying in Kozminski