Finance and Banking Timisoara
The profile of the study program
How do companies behave? How do financial markets work? How does the financial sector interact with the other components of the economy?
This study program enables you to understand the way in which the financial sector works and helps you build a career in this field, as financial and credit institutions play a great role not only in the world economy, but also as one of the most important employers on the market. The Finance and Banking study program has been created as a direct answer to the continuously growing need for professionals, who, through their training and experience can help companies, regardless of their size, be successful on a global market. By attending this program you will learn and analyze the way in which companies obtain and handle their capitals, the founding and implementation of financial strategies in the public and private sector, which monitor and control the financial flows and the use of financial instruments, the economic conditions that influence them and many others. The skills you will acquire will allow you to continue your professional training by attending a master’s program in the field of finance.
Field of study
The university study cycle
Accreditation status
Form of education
Language of instruction
- 3 Years / Onsite
- Intakes: Jun, Sept
Overview
The practical components
The Finance and banking undergraduate program ensures a high level of professional training, by offering the necessary knowledge in order to master quantitative, statistical and financial methods and techniques in the field of enterprise asset management, efficiency, effectiveness and risks at enterprise level, skill development in the domain of financial investments, the usage of techniques and instruments which are specific for credit and financial institutions, for insurance societies, knowing the instruments of monetary policy (state budget, public income and expenditure), mastering the taxation techniques.
The four platforms installed within the Trading Floor give you the possibility to put into practice the information gathered throughout the second and third year of studies, for certain subjects. At the end of the second year, the mandatory one month long internship stage inside enterprises, financial and credit institutions, insurance societies and public institutions contributes to the consolidation of the acquired knowledge.
Career Opportunities
Investment analyst;
Securities investment consultant;
Credit analyst;
Financial risk manager;
Financial analyst – insurance.
Program Learning Outcomes
Knowledge:
C1. The graduate demonstrates knowledge of national trade, business relations and banking;
C2. The graduate demonstrates knowledge of public finances;
C3. Graduate demonstrates knowledge of scholarship;
C4. The graduate demonstrates knowledge of securities information;
C5. The graduate demonstrates knowledge of market conditions, government regulations and the situation financial, customer or business objectives and needs;
C6. The graduate demonstrates knowledge of investment portfolios;
C7. The graduate demonstrates knowledge of financial market analysis;
C8. The graduate demonstrates knowledge of financial risk;
C9. The graduate demonstrates knowledge of financial risk analysis;
C10. The graduate demonstrates knowledge of financial data collection;
C11. The graduate demonstrates knowledge of the analysis of a company’s financial performance;
C12. The graduate demonstrates knowledge of developing an investment portfolio;
C13. The graduate demonstrates knowledge of creating an investment portfolio for a client that includes an insurance policy or multiple policies to cover specific risks, such as financial risks, assistance, reinsurance, industrial risks or natural and technical disasters;
C14. The graduate demonstrates knowledge of investment advice;
C15. The graduate demonstrates knowledge of the external factors of societies;
C16. The graduate demonstrates knowledge of research and analysis of the external factor related to enterprises, such as consumers, market position, competitors and political situation;
C17. The graduate demonstrates knowledge of the analysis of the internal factors of companies;
C18. The graduate demonstrates knowledge of researching the various internal factors that influence the functioning of enterprises, such as its culture, strategic foundation, products, prices and available resources;
C19. The graduate demonstrates knowledge of credit risk;
C20. The graduate demonstrates knowledge of financial policies;
C21. The graduate demonstrates knowledge regarding the preparation of a financial plan;
C22. The graduate demonstrates knowledge of developing a financial plan in accordance with financial and client regulations, including an investor profile;
C23. The graduate demonstrates knowledge of risk maps;
C24. The graduate demonstrates knowledge of risk reports;
C25. The graduate demonstrates knowledge of profitability calculation;
C26. The graduate demonstrates knowledge of cost, income calculation;
C27. The graduate demonstrates knowledge of risk factors;
C28. The graduate demonstrates knowledge on establishing the influence of economic, political and cultural risk factors, as well as other additional aspects;
C29. The graduate demonstrates knowledge of financial risk management;
C30. The graduate demonstrates knowledge of strategic business intelligence;
C31. The graduate demonstrates knowledge of establishing strategies in the current activity;
C32. The graduate demonstrates knowledge of establishing financial statements;
C33. The graduate demonstrates knowledge of fiscal policy;
C34. The graduate demonstrates knowledge of risk management;
C35. The graduate demonstrates knowledge in financial consulting;
C36. The graduate demonstrates knowledge in the development of strategies and plans aimed at achieving sustainable development of the enterprise, regardless of whether the enterprise belongs to him or her or is owned by another person;
C37. The graduate demonstrates knowledge regarding the sustainable development of society;
C38. The graduate demonstrates knowledge of lending;
C39. The graduate demonstrates knowledge of loan analysis;
C40. Graduate demonstrates knowledge of credit rating;
C41. The graduate demonstrates knowledge of credit reports;
C42. The graduate demonstrates knowledge of synthesizing financial information;
C43. The graduate demonstrates knowledge of financial calculations;
C44. The graduate demonstrates knowledge regarding the identification of information sources;
C45. The graduate demonstrates knowledge of consulting information sources;
C46. Graduate demonstrates knowledge of company standards;
C47. The graduate demonstrates knowledge of the organization’s code of conduct;
C48. The graduate demonstrates knowledge of company management.
Abilities:
A1. The graduate has skills regarding the analysis of developments in national or international trade, business relations and the banking sector, as well as developments in public finances and how these factors interact in a given economic context;
A2. The graduate has skills regarding scholarship monitoring;
A3. The graduate has skills on gathering up-to-date information to develop investment strategies;
A4. The graduate has skills in collecting information on securities, market conditions, government regulations and financial situation, objectives and needs of clients or businesses;
A5. The graduate has skills regarding the review of investment portfolios;
A6. The graduate has skills in monitoring the financial market;
A7. The graduate has skills in analyzing the evolution of financial markets in a certain direction over time;
A8. The graduate has skills in identifying and analyzing risks that could have a financial impact on an organization or an individual, such as credit risk and market risk;
A9. The graduate has skills in collecting, organizing and combining financial data;
A10. The graduate has skills regarding the interpretation and analysis of financial data;
A11. The graduate has skills in analyzing the financial performance of a company based on accounts, ledgers, financial statements and external market information;
A12. The graduate has skills regarding the development of an investment portfolio;
A13. Graduate has investment advisory skills;
A14. The graduate has the ability to carry out research activities and analysis of the external factor related to enterprises, such as consumers, market position, competitors and the political situation;
A15. The graduate has the ability to research different internal factors that influence the functioning of enterprises, such as culture, strategic foundation, products, prices and its available resources;
A16. The graduate has the ability to apply the credit risk policy;
A17. The graduate has the ability to implement company policies and procedures within the credit risk management process;
A18. The graduate has the ability to understand compliance with the company’s financial policies regarding all fiscal and accounting procedures of the organization;
A19. The graduate has the ability to ensure compliance with the company’s financial policies regarding all fiscal and accounting procedures of the organization;
A20. The graduate has the ability to provide financial advice and develop negotiation and transaction plans;
A21. The graduate has skills to use data visualization tools;
A22. The graduate has skills to gather all the information, analyze the variables;
A23. The graduate has the skills to prepare reports in which the risks identified by the company or projects are analyzed;
A24. The graduate has skills to estimate the savings obtained from a product;
A25. The graduate has skills to perform risk factors;
A26. The graduate has skills to manage financial risks;
A27. The graduate has skills to anticipate financial risks;
A28. The graduate has the ability to make strategic business decisions;
A29. The graduate has the ability to fundamentally integrate strategically in the current activity;
A30. The graduate has skills to reflect on the strategic foundation;
A31. The graduate has skills to understand and interpret key lines and indicators in financial statements.
A32. The graduate has skills to interpret financial statements;
A33. The graduate has skills to advise on policy changes;
A34. The graduate has skills to advise on tax procedures and the implementation of new policies at national and local level;
A35. The graduate has skills to advise on risk management;
A36. The graduate has skills to provide advice on financial management;
A37. The graduate has skills to provide financial advice on the acquisition of new assets, making investments and tax efficiency methods;
A38. The graduate has the skills to develop strategies and plans aimed at achieving a sustainable development of the enterprise, regardless of whether the enterprise belongs to him or is owned by another person;
A39. The graduate has skills to examine and analyze loans granted to organizations and individuals through different forms of credit;
A40. Graduate has credit rating review skills;
A41. The graduate has skills to investigate and search for information on the creditworthiness of companies and corporations, which is provided by credit rating agencies;
A42. The graduate has skills to prepare solvency reports;
A43. The graduate has skills to collect, review and assemble financial information from different sources or from different departments;
A44. The graduate has skills to provide support for performing financial calculations;
A45. The graduate has the skills to provide support to colleagues for the preparation of complex files;
A46. The graduate has skills to identify sources of inspiration to educate themselves on certain topics;
A47. The graduate has skills to ensure leadership in accordance with the organization’s code of conduct;
A48. The graduate has skills to keep in touch with managers;
A49. The graduate has the ability to liaise with management staff from other departments.
Responsibility and autonomy:
RA1. The graduate is able to analyze the factors that interact in a given economic context;
RA2. The graduate is able to observe and analyze the daily trends of the stock market;
RA3. The graduate is able to obtain financial information regarding securities, market conditions, government regulations and the financial situation, objectives and needs of clients or businesses;
RA4. The graduate is able to update client portfolios;
RA5. The graduate is able to provide financial advice on investments;
RA6. The graduate is able to predict the trends of a financial market;
RA7. The graduate is able to propose solutions for covering credit and market risks;
RA8. The graduate is able to predict possible financial scenarios and the performance of an enterprise or a project;
AR9. The graduate is able to analyze the financial performance of the enterprise in order to identify actions to improve the activity;
RA10. The graduate is able to identify profit-enhancing actions;
RA11. The graduate is able to create an investment portfolio for a client that includes an insurance policy or several policies to cover specific risks, such as financial risks, assistance, reinsurance, industrial risks or natural and technical disasters;
RA12. The graduate is able to evaluate the economic objectives of the client;
RA13. The graduate is able to provide advice on possible financial investments or capital investments to promote wealth creation or protection;
RA14. The graduate is able to carry out research activities and analysis of the external factor related to enterprises;
RA15. The graduate is able to understand different internal factors that influence the functioning of enterprises, such as its culture, strategic foundation, products, prices and available resources;
RA16. The graduate is able to permanently maintain the company’s credit risk at a manageable level and takes measures to avoid the risk of credit default;
RA17. The graduate is able to apply all fiscal and accounting procedures of the organization;
RA18. The graduate is able to create a financial plan;
RA19. The graduate is able to develop risk maps;
RA20. The graduate is able to communicate specific financial risks, their nature and impact on an organization;
RA21. The graduate is able to recommend possible solutions for risk prevention;
RA22. The graduate is able to evaluate the profit that could be generated from the new acquisition or a new project;
RA23. The graduate is able to determine the influence of economic, political and cultural risk factors, as well as other additional aspects;
RA24. The graduate is able to identify procedures to avoid or minimize their impact;
RA25. The graduate is able to analyze strategic business information;
RA26. The graduate is able to consider options and alternatives to a challenge and makes judicious decisions based on analysis and experience;
RA27. The graduate is able to integrate the strategies in the activity of the occupied position;
RA28. The graduate is able to extract the most important information from the financial statements according to the needs and integrate this information in the development of the department’s plans;
RA29. The graduate is able to implement new policies at national and local level;
RA30. The graduate is able to manage risk prevention strategies;
RA31. The graduate is able to implement risk management strategies, knowing the different types of risks for a specific organization;
RA32. The graduate is able to propose solutions related to financial management, such as acquiring new assets, making investments and tax efficiency methods;
RA33. Graduate is able to take actions to increase revenue and positive cash flows;
RA34. The graduate is able to offer solutions regarding overdraft protection, credit for export packaging, term loan, purchase of trade effects;
RA35. The graduate is able to determine the probability of non-payment by the debtor;
RA36. The graduate is able to prepare reports showing the probability that an organization will be able to repay debts;
RA37. The graduate is able to prepare reports in a timely manner, meeting all legal requirements related to the agreement;
RA38. The graduate is able to synthesize financial information;
RA39. The graduate is able to create a document with unified financial plans or accounts;
RA40. The graduate is able to provide clients or other parties with financial support for complex files or calculations;
RA41. The graduate is able to obtain information in a specific context;
RA42. The graduate is able to manage the organization’s code of conduct;
RA43. The graduate is able to guarantee effective service and communication, namely sales, planning, purchasing, merchandising, distribution and technical elements.
Description of the Exam Test
(A) The admission exam in the cycle of undergraduate university studies to the programs offered by FEAA requires taking a test of the type of an admission test.
(B) UVT-FEAA admission test contains 45 items, each worth 0,2 points, structured as follows: 30 economic reasoning items (with 4 answer options each), 12 inductive reasoning items (without answer options) and 3 special excellence items. 1 point is automatically added to the final score
(C) Working time for resolution the UVT-FEAA admission test it will be 45 minutes, quantified from the moment the sheets with the exam subjects are distributed.
(D) The minimum passing grade of the test UVT-FEAA for admission this 5,00.
(E) The technical and organizational details for taking the admission test can be found in The procedure regarding the organization and conduct of the UVT-FEAA Test for admission to undergraduate university study programs, annex 4 to Regulation regarding the organization and conduct of the admission process for undergraduate study programs.
Contact us
Florimund Mercy nr 2, Timisoara, Romania
List of required documents
1. Identity card / bulletin;
2. Birth certificate;
3. Marriage certificate – if appropriate;
4. Baccalaureate diploma or equivalent;
Candidates who passed the baccalaureate exam in the sessions corresponding to the 2023-2024 school year can upload to the admission platform and present at the collection points the documents necessary for the admission process from the UVT offices and from the county admission centers organized by the UVT, for the admission session immediately following the session in which they passed the baccalaureate exam, instead of the baccalaureate diploma, the certificate issued by the pre-university education unit in the original or a legalized copy, which mentions the general average from the baccalaureate exam, the grades obtained in the tests taken at this exam, the validity period and the fact that the diploma has not been issued.
5. Medical certificate issued by the family doctor, not older than 90 days from the date of its presentation at the document collection office, attesting whether the candidate is fit to enroll in university studies and, if applicable, , chronic conditions from which the candidate suffers (neuropsychiatric, psycho-pathological, pulmonary, dermato-venereal, disability (type, degree), etc.). Specific learning disorders (dyslexia, dysgraphia, dyscalculia, etc.) or any special educational requirements will be attested by a diagnostic certificate;
6. Certificate certifying completion of another undergraduate university study program (completed or not at the time of submitting the file), in which the funding regime in which each year of studies was completed (with funding from the state budget/ with fee, if it is/was carried out at a state higher education institution in Romania) and, if applicable, the years and semesters of studies in which the student benefited from the scholarship, respectively its type – if appropriate.
Admission Process Calendar
- Registration period:
Until July 17, 12:00
- Date of display of preliminary results:
July 18, 16:00
- Date of taking the language skills test – July:
July 19, 14:00
- Date of the admission test (s) (day, hour):
July 19, 9:00
- Deadline for certification of documents according to the original – July:
July 22, 16:00
- Date of results listing:
July 23, 16:00
- Filing appeals period:
July 23, 16:00 – July 24, 16:00 (online at the email address admitere.feaa@e-uvt.ro)
- Date of display of results after appeals:
July 24, 22:00
- Seats confirmation period:
July 24 – 26, 10:00
- Listing results after confirmations:
July 26, 21:00
- Seats confirmation period (second stage of confirmations):
July 26 – 27, 14:00
- Date of display of results after confirmations (second stage of confirmations)
July 27, 18:00
- Final results listing:
July 27, 22:00
Schedule of the admission process for the September session (valid if seats remain available after the first admission session)
- September registration period:
Until September 05, 16:00
- Date of posting of candidates registered in September:
September 06, 18:00
- Date of taking the admission test (s) September:
September 09, 10:00 – admission test; September 09, 16.00 – online language skills test for candidates majoring in foreign languages
- Deadline for certification of documents according to the original – September:
September 09, 16:00
- September results listing:
September 10, 20:00
- Appeals period:
September 10, 18.00 – September 20 (online at the email address admitere.feaa@e-uvt.ro)
- Display of results after September appeals:
September 11, 22:00
- September place confirmation period:
September 10 – 14, 12:00
- September final results listing:
September 14, 22:00 .
Additional information
Framing the study program in fields of science
- The fundamental field Social Sciences: The branch of science Economics
- Wide domain according to the international classification ISCED F-2013: 04 Business, administration and law
- Restricted domain according to the international classification ISCED F-2013: 041 Business and administration
- Detailed field according to the international classification ISCED F-2013: 0412 Finance, banking and insurance
Qualification details
- The name of the qualification acquired through the study program: Finance and Banks
- Qualification level format *: 6
- Awarded title: Degree in Economic Sciences
Program details
- Duration of the study program: 3 years
- Number of credits **: 180
- Maximum number of students that can be enrolled: 50
- Seats financed from the state budget: 25
- Paid places: 25
- Annual tuition fee
EU students 3500 lei (€704)
Non-EU students €1980
Finance and Banking Program at West University of Timișoara (UVT) – Faculty of Economics and Business Administration (FEAA)
The world of finance and banking is ever-evolving, driven by technological advancements, globalization, and the increasing complexity of financial markets. If you aspire to be a leader in this dynamic field, the Finance and Banking program at the Faculty of Economics and Business Administration (FEAA) of the West University of Timișoara (UVT) is an ideal choice. This program offers a comprehensive education designed to equip students with the skills, knowledge, and practical experience required to excel in the global financial landscape.
Why Choose the Finance and Banking Program at UVT – FEAA?
1. Internationally Recognized Education
The West University of Timișoara is one of Romania’s leading educational institutions, renowned for its academic excellence and focus on innovation. The Faculty of Economics and Business Administration is highly regarded for producing graduates who excel in both the national and international job markets.
2. Comprehensive Curriculum
The program covers a wide range of topics, from the fundamentals of finance to advanced banking operations and investment strategies. It is tailored to provide students with both theoretical foundations and practical skills, ensuring they are ready to tackle real-world challenges.
3. Industry-Relevant Training
The curriculum is designed in collaboration with industry experts and financial institutions, ensuring students gain insights into the latest trends and practices in the finance and banking sectors.
4. Strong Focus on Employability
UVT’s Finance and Banking program emphasizes professional development. Through internships, case studies, and projects, students acquire the practical experience necessary to stand out in competitive job markets.
5. Multicultural Environment
Located in Timișoara, a vibrant city with a diverse and international student community, the program offers a multicultural learning environment that prepares students for global careers.
Program Structure and Curriculum
The Finance and Banking program is structured to provide a balance between core financial principles and specialized banking knowledge. The curriculum is divided into modules, with each focusing on key aspects of the field.
Year 1: Building Foundations
In the first year, students are introduced to fundamental concepts in economics, finance, and business. Courses include:
- Principles of Microeconomics and Macroeconomics
- Introduction to Financial Markets
- Business Mathematics and Statistics
- Accounting and Financial Reporting
Year 2: Exploring Financial Systems
The second year delves deeper into banking operations, risk management, and corporate finance. Key courses include:
- Corporate Finance
- Banking Operations and Services
- Investment Analysis and Portfolio Management
- Risk Assessment in Financial Institutions
- Financial Technology (FinTech)
Year 3: Specialization and Practical Application
In the final year, students focus on specialized topics and practical applications of their knowledge. They also complete internships and a graduation project. Key courses include:
- International Finance and Banking
- Financial Derivatives and Risk Hedging
- Strategic Financial Management
- Regulatory Frameworks in Banking
- Capstone Project: Financial Analysis
Learning Experience
1. Practical Learning Opportunities
The program incorporates hands-on learning through case studies, simulations, and projects. Students work on real-world scenarios, enabling them to apply theoretical knowledge to practical problems.
2. Internship Programs
UVT’s partnerships with leading banks, investment firms, and financial institutions allow students to gain valuable work experience through internships. These opportunities provide insights into industry practices and help build professional networks.
3. Experienced Faculty and Guest Lectures
The program is taught by a mix of experienced academics and industry professionals. Regular guest lectures from banking executives, financial analysts, and policymakers provide students with diverse perspectives and insights into the financial world.
4. State-of-the-Art Facilities
FEAA offers modern facilities, including computer labs with financial software and access to databases such as Bloomberg and Reuters. These resources help students stay updated on market trends and conduct in-depth financial research.
Career Opportunities
Graduates of the Finance and Banking program are well-equipped to pursue careers in a variety of roles within the financial sector.
Potential Career Paths
- Financial Analyst: Assessing market trends and providing investment recommendations.
- Banking Officer: Managing operations, loans, and customer relations in banks.
- Risk Manager: Identifying and mitigating financial risks for organizations.
- Investment Banker: Structuring deals and raising capital for companies and governments.
- Portfolio Manager: Managing investments and optimizing returns for clients.
- FinTech Specialist: Developing and implementing innovative financial technologies.
- Compliance Officer: Ensuring adherence to financial regulations and standards.
Industries and Employers
Graduates can work in:
- Commercial and investment banks
- Insurance companies
- Asset management firms
- Consulting firms
- Regulatory bodies and government agencies
- Multinational corporations
With the program’s strong emphasis on employability, graduates have gone on to work for top employers in Romania and abroad.
Why Study in Timișoara?
Timișoara, also known as the “City of Innovation,” offers an enriching environment for students.
1. Academic Hub
Home to prestigious institutions like the West University of Timișoara, the city attracts students from around the world, creating a vibrant academic community.
2. Affordable Living
Timișoara is one of the most cost-effective cities in Europe, offering quality education and a high standard of living at affordable prices.
3. Rich Cultural Heritage
As a European Capital of Culture, Timișoara is known for its historical landmarks, art festivals, and multicultural atmosphere, providing students with a well-rounded experience.
Admission Requirements
To apply for the Finance and Banking program, candidates must meet the following criteria:
- High School Diploma: Recognized secondary education certificate.
- Language Proficiency: Proof of English proficiency (e.g., TOEFL, IELTS) if applicable.
- Application Documents:
- Academic transcripts
- Personal statement
- Letters of recommendation (optional)
For master’s programs in Finance and Banking, additional requirements such as a bachelor’s degree in economics, finance, or a related field apply.
Why Choose UVT’s FEAA for Finance and Banking?
The Finance and Banking program at the West University of Timișoara’s Faculty of Economics and Business Administration offers:
- A rigorous academic foundation combined with practical experience.
- Opportunities for international exchanges and collaborations.
- Access to a global network of alumni and industry leaders.
- A pathway to rewarding and high-impact careers in finance and banking.
Conclusion
The Finance and Banking program at UVT’s FEAA is a gateway to a fulfilling career in the dynamic world of finance. Whether you aim to work in investment banking, corporate finance, or the fast-growing FinTech sector, this program provides the tools, knowledge, and global perspective needed to succeed.
By choosing UVT, you are not just enrolling in a degree program—you are joining a community of ambitious learners and professionals committed to making a difference in the financial world.
Take the first step toward your future in finance and banking today. Your journey starts here, at the West University of Timișoara!
How to Apply?
- You Apply
Tell us a little about yourself and we’ll help with the rest. Our convenient online application tool only takes 10 minutes to complete.
- We Connect
After you submit your application, an admissions representative will contact you and will help you to complete the process.
- You Get Ready
Once you’ve completed your application and connected with an admissions representative, you’re ready to create your schedule.