Master in Sustainable Finance Timisoara
In the current context, of increasing interest in the field of sustainable finance and responsible, which focuses on investments in companies and projects with a significant and positive impact on the environment and society, the Master’s degree program in Sustainable Finance offers students the opportunity to study and apply financial theories and practices in organizations, with an emphasis and addressing sustainability and ESGD (environmental, social, governance and data) levels.
In the current context of increasing interest in the field of sustainable and responsible finance, which focuses on investments in companies and projects with a significant and positive impact on the environment and society, the master’s degree program “Master in Sustainable Finance” offers students the opportunity to study and apply financial theories and practices in organizations, focusing on and addressing sustainability and ESGD (environmental, social, governance and data dimensions).
The opportunity to follow a master’s degree program in the field
Finance, taught in English, called Master in Sustainable Finance, presents significant advantages in the current context of the evolution of the labor market and economic development, from the perspective.
Field of study
The university study cycle
Accreditation status
Form of education
Language of instruction
- 2 Years / Onsite
- Intakes: Jul, Sept
Overview
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
Location
- The name of the qualification acquired through the study program: Specialist in sustainable finance
- Qualification level format *: 7
- Awarded title: Master in Finance
Program details
- Duration of the study program: 2 years
- Number of credits **: 120
- Maximum number of students that can be enrolled: 50
- Seats financed from the state budget: 24
- Paid places: 26
- Annual tuition fee:
EU students 4000 lei (€804)
Non-EU students €1980
Career Opportunities
Financial-banking expert;
Investment analyst;
Investment consultant.
Program Learning Outcomes
Knowledge:
C1. The graduate demonstrates knowledge of the main financial tools and indicators used for analysis
trends in the financial markets;
C2. The graduate demonstrates knowledge of the impact of economic, political and social factors on financial markets;
C3. The graduate demonstrates knowledge of different investment instruments and their characteristics;
C4. The graduate demonstrates knowledge of analyzing and evaluating the performance of investment portfolios, understanding
the importance of diversification and risk management;
C5. The graduate demonstrates knowledge of fundamental economic theories applicable to national trade and
international, business relations, banking and public finance;
C6. The graduate demonstrates knowledge of capital market workings, including instruments
traded financials and factors influencing price fluctuations;
C7. The graduate demonstrates knowledge of financial information sources, including specialized databases and
specialized publications, necessary for the collection of data on securities and market conditions;
C8. The graduate demonstrates knowledge of the strategic analysis and assessment tools necessary to a
interpret business intelligence, including PESTEL/Canvas analysis of the business model, competitor analysis and assessment of market trends;
C9. The graduate demonstrates in-depth knowledge of national and international legislation relevant to
investments, including regulations on tax optimization, investment protection and contract law;
C10. The graduate demonstrates advanced knowledge of financial management principles and techniques, including
investment analysis, financial planning and methods to make fiscal obligations more efficient;
C11. The graduate demonstrates advanced knowledge of a wide range of financial products and services including
financial planning, insurance products, and investment strategies;
C12. The graduate demonstrates in-depth knowledge of the interpretation of financial statements, including the balance sheet, profit and loss account and cash flows, as well as key financial indicators;
C13. The graduate demonstrates advanced knowledge of financial mathematics, including interest calculation, amortization, investment evaluation, and financial modeling;
C14. The graduate demonstrates in-depth knowledge of the various types of financial risks, including credit risk, market risk, liquidity risk and operational risk;
C15. The graduate demonstrates advanced knowledge of financial data sources, data collection methods, and financial reporting standards;
C16. The graduate demonstrates knowledge of the variety of information sources relevant to his field of study or work, including academic databases, specialist publications, research reports and online resources;
C17. The graduate demonstrates in-depth knowledge of various types of investments and insurance policies, understanding the practical way in which they can be used to cover specific risks, including financial, industrial and natural or technical disaster risks;
C18. The graduate demonstrates knowledge of the principles and practices of effective communication and negotiation in the context of business relationships;
C19. The graduate demonstrates knowledge of the importance of business networks and strategic partnerships for the success of the organization;
C20. The graduate demonstrates knowledge of the structure and specificities of the banking sector, including the types of banking products and services available to individuals and legal entities;
C21. The graduate demonstrates knowledge of the relevant financial and banking regulations governing banking operations and consumer protection;
C22. The graduate demonstrates knowledge of the principles of interdepartmental communication and its importance for organizational success;
C23. The graduate demonstrates knowledge of the functions and responsibilities of various departments within a organizations.
Abilities:
A1. The graduate has skills in interpreting financial data and market reports to identify opportunities to
investments and/or risks;
A2. The graduate has skills in assessing clients’ financial objectives and in identifying the most suitable investment instruments to meet these objectives;
A3. The graduate has skills in using financial analysis tools and techniques to evaluate portfolios of
investments and identify the need for adjustment;
A4. The graduate has skills in analyzing economic data to identify trends, patterns and potential impact on different economic sectors;
A5. The graduate has skills in using trading platforms and financial analysis software to monitor real-time developments on the capital market and interpret statistical data;
A6. The graduate has skills in analyzing and interpreting financial information to assess the financial situation, objectives and needs of clients or organizations;
A7. The graduate has skills in applying critical thinking and analysis techniques to evaluate options and alternatives available, facilitating the process of making strategic business decisions;
A8. The graduate has skills in drafting, analyzing and negotiating investment contracts, ensuring their compliance with current legislation and protecting the organization’s interests;
A9. The graduate has skills in evaluating financial statements of organizations to identify opportunities to
improving financial performance and tax optimization;
A10. The graduate has skills in analyzing the financial needs of clients and in recommending the most appropriate solutions financial to meet these needs;
A11. The graduate has skills in applying financial analysis techniques to assess financial performance, identifying market/domain trends, organizational strengths and vulnerabilities, and ways to improve financial and non-financial results;
A12. The graduate has skills in using financial calculation software and developing complex financial models to support financial decision-making;
A13. The graduate has skills in using risk analysis tools and techniques, such as Value at Risk (VaR) analysis and Monte Carlo simulation models, to assess the potential financial impact of risks on an organization or an individual;
A14. The graduate has skills in organizing, synthesizing and analyzing financial data using specialized financial analysis software to interpret the collected information;
A15. The graduate has skills in identifying and evaluating the relevance of information sources to extract data and information useful to his research or learning objective;
A16. The graduate has skills in assessing the client’s financial needs and goals, selecting and combining various investment instruments and insurance policies to create a diversified portfolio;
A17. The graduate has skills in identifying and approaching interested third parties to establish and maintain positive and long-term business relationships;
A18. The graduate has skills in analyzing and interpreting information obtained from banking professionals to make informed decisions about banking products and services;
A19. The graduate has skills in establishing and maintaining effective communication relationships with managers from different departments, using various communication channels.
Responsibility and autonomy:
RA1. The graduate is able to develop strategic recommendations based on the analysis of trends in the financial markets, targeting both individual clients and organizations;
RA2. The graduate is able to develop and present customized investment strategies, taking into account the client’s risk tolerance and financial objectives;
RA3. The graduate demonstrates autonomy and responsibility in monitoring the performance of recommended investments and adjusting investment strategies to respond to market changes;
RA4. The graduate is able to advise clients on investment strategies, making informed decisions to a
optimize portfolio performance based on clients’ objectives and risk tolerance;
RA5. The graduate demonstrates autonomy in managing client relationships by effectively communicating recommended updates to their investment portfolios;
RA6. The graduate is able to interpret economic information and formulate strategic recommendations for decision-makers in the public or private sector, taking into account the current economic context and future forecasts;
RA7. The graduate demonstrates autonomy in managing and carrying out various projects/studies, contributing to the development of economic policies or business strategies of organizations;
RA8. The graduate is able to develop investment strategies based on the analysis of market trends, recommending
investment portfolios adapted to clients’ objectives and risk tolerance;
AR9. The graduate demonstrates autonomy in continuously updating and adjusting investment strategies to respond to capital market changes;
RA10. The graduate is able to use the financial information collected to support investment decisions or
financing, ensuring that they are in line with legal regulations and with the financial strategies of clients or organizations;
RA11. The graduate demonstrates autonomy in the management and continuous evaluation of sources of financial information,
updating and adapting financial strategies according to market developments and customer needs;
RA12. The graduate is able to consult and collaborate with executives and other stakeholders to formulate and implement strategic decisions that promote the perspective, productivity and sustainable operation of the organization;
RA13. The graduate demonstrates autonomy in identifying challenges and opportunities within the organization, making decisions based on detailed analysis and practical experience;
RA14. The graduate is able to advise organizations on the structuring of the investment portfolio, to ensure fiscal optimization and minimize legal risks;
RA15. The graduate demonstrates autonomy and the ability to make decisions in complex and variable contexts;
RA16. The graduate is able to provide personalized advice and propose innovative solutions for organizations’ financial problems, helping them to maximize their profits and minimize their risks;
RA17. The graduate demonstrates autonomy in decision-making and in providing financial advice, highlighting a deep understanding of the economic and legislative impact on financial decisions within organizations;
RA18. The graduate is able to develop personalized financial plans to meet long-term goals
of clients, providing strategic advice and managing investment portfolios;
RA19. The graduate demonstrates autonomy in managing client relationships and adapting financial recommendations to market changes and evolving client needs;
RA20. The graduate is able to formulate strategic recommendations based on financial analysis, directing the organization towards improvement actions that can generate increased profitability;
RA21. The graduate demonstrates autonomy in managing financial analysis projects, initiating assessments and consultations to support financial management decisions;
RA22. The graduate is able to provide effective financial support to colleagues, clients or other interested parties by interpreting and explaining the results of financial calculations in an accessible way;
RA23. The graduate demonstrates autonomy in performing financial calculations, offering recommendations based on the analyzes carried out and adjusting to the specific needs of each case;
RA24. The graduate is able to develop risk mitigation strategies and propose appropriate hedging solutions
to minimize the financial impact of the identified risks;
RA25. The graduate demonstrates autonomy in the continuous monitoring of financial risks and in the adjustment of strategies mitigating them based on market developments and changes in the risk profile of the organization or individual;
RA26. The graduate is able to use the collected financial data to develop financial forecasts and to a
evaluate the financial performance of organizations or projects, thus contributing to the decision-making process;
RA27. The graduate demonstrates autonomy in managing financial data flows, ensuring their updating and accuracy for periodic analysis and reporting;
RA28. The graduate is able to integrate and apply information obtained from various sources to support professional and personal development;
RA29. The graduate demonstrates autonomy in managing and constantly updating his knowledge by regularly consulting information sources;
RA30. The graduate is able to develop customized investment strategies, advising clients on their choice
the most appropriate investment strategies;
RA31. The graduate demonstrates autonomy in monitoring and adjusting the investment portfolio to ensure correlation with client objectives and changing market conditions;
RA32. The graduate is able to develop and implement communication strategies that support the development and maintaining business relationships, ensuring a continuous and constructive exchange of information between the organization and its parties interested;
RA33. The graduate demonstrates autonomy and initiative in identifying networking and partnership opportunities, thereby contributing to the growth and development of the organization;
RA34. The graduate is able to initiate and maintain constructive dialogues with professionals in the banking sector, facilitating access to essential information for clients’ projects or financial needs;
RA35. The graduate demonstrates autonomy in managing relationships with the banking sector, including negotiating terms for banking products and services in the interest of the client or their own organization;
RA36. The graduate is able to facilitate the exchange of information and collaboration between departments, thus contributing to the improvement of operational efficiency and organizational performance;
RA37. The graduate demonstrates autonomy in initiating and managing interdepartmental projects, demonstrating the ability to lead and coordinate team efforts to achieve common goals.
Description of the exam test (s)
(1) For the academic year 2024 – 2025, admission to master’s degree studies at the Faculty of Economics and Business Administration is carried out according to this regulation based on the online admission test marked with ADMIS/RESPINS and the dossier competition, by fields and programs studies. Knowledge specific to the field of study is verified through written and/or oral tests based on a bibliography containing specialized works or a topic that will be displayed on the own web page (www.startfeaa.ro) / UVT admission platform.
(2) For university master’s study programs organized in a foreign language, respectively International Corporate Finance (in English), Management of business organizations (in English), Business management in European contexts (In French), Global Entrepreneurship, Economics and Management (in English), the admission process also contains a language proficiency test that will follow the verification of general knowledge of communication in the respective language, eliminatory, conducted online, with the help of electronic means that ensure direct audio and video communication with the candidate in the admission process , marked with accepted/rejected. Possession of internationally recognized diplomas/certificates, such as:
CAE – Cambridge Certificate in Advanced English;
IELTS – International English Language Testing System;
TOEFL – Test of English as a Foreign Language;
DALF – Advanced Diplomas of the Langue Française,
is equivalent to taking and passing the language skills test for candidates enrolled in university master’s study programs in foreign languages. Candidates from countries where the official language is English or French or those who have followed an undergraduate university study program in English or French are considered admitted to the language proficiency test for admission to the university master’s study program in that language . Candidates declared rejected in the language skills test remain registered for the admission competition to the master’s degree university study programs in Romanian, according to the options selected during registration.
List of required documents:
ID card;
Birth certificate – for UVT graduates of undergraduate university studies from the current year, the document is not mandatory, it can be taken from the existing file for the cycle of university undergraduate studies;
Marriage certificate – if appropriate;
Bachelor’s degree or diploma equivalent to it, accompanied by the supplement to the diploma, or certificate of completion of undergraduate university studies, accompanied by the transcript, for candidates who graduated from undergraduate university studies in the current year; UVT graduates of undergraduate studies in the current year do not need to upload the certificate of completion of undergraduate studies and the transcript on the admission platform in order to apply for master’s studies in the same year, the results of the final examination of undergraduate studies , respectively the average of the years of undergraduate university studies, being taken over in the candidate’s file directly by the admission committees of the UVT faculties;
Medical certificate issued by the family doctor, not older than 90 days from the date of its presentation at the document collection office, certifying whether the candidate is fit to enroll in university studies and, if applicable, the conditions chronic conditions suffered by the candidate (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;
Certificate certifying completion of another master’s university study program (completed or not at the time of submission of the file), in which the funding regime in which each year of studies was completed (with funding from the state budget/with a 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, 14:00
Date of display of preliminary results: July 18, 17:00
Date of taking the language skills test – July : 19-22 July
Date of the admission test (s) (day, hour): 19-22 July
Deadline for certification of documents according to the original -July: July 22, 2024, 16:00 a.m
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, 23:00
Seats confirmation period: July 24 – 26, 12:00
Listing results after confirmations: July 26, 23:00
Seats confirmation period (second stage of confirmations): until July 27, 15:00
Date of display of results after confirmations (second stage of confirmations): July 27, 19:00
Final results listing: July 27, 23:00
Schedule of the admission process for the September session (valid if seats remain available after the first admission session)
September registration period: Until September 09, 14:00
Date of posting of candidates registered in September: September 09, 20:00
Date of taking the admission test (s) September: 10 September
Deadline for certification of documents according to the original – September: September 10, 16:00
September results listing: September 11, 21:00
Appeals period: September 11, 21:00 – September 12, 21:00
Display of results after September appeals: September 12, 22:00
September place confirmation period: September 12 – 14, 14:00
September final results listing: September 14, 23:00.
Contact us
Strada Florimund Mercy nr 2, ap 12, Timisoara, Romania
Master in Sustainable Finance at West University of Timișoara (UVT) – Faculty of Economics and Business Administration (FEAA)
The world is rapidly shifting towards sustainable development, and finance plays a crucial role in shaping a greener, more equitable future. If you aspire to be at the forefront of this transformation, the Master in Sustainable Finance offered by the West University of Timișoara (UVT) through its prestigious Faculty of Economics and Business Administration (FEAA) is your gateway to an impactful and forward-thinking career.
This program is designed to equip students with cutting-edge knowledge and skills in sustainable financial practices, blending theoretical foundations with practical applications in a global context.
Why Choose the Master in Sustainable Finance?
1. Addressing a Global Need
Sustainability has become a priority for businesses, governments, and organizations worldwide. The financial sector is at the forefront of integrating Environmental, Social, and Governance (ESG) principles into investment strategies, risk assessments, and corporate practices. This master’s program prepares students to navigate these challenges and contribute to a sustainable economy.
2. Interdisciplinary Approach
The program combines insights from economics, environmental science, and finance to provide a holistic understanding of sustainable finance. Students learn to analyze and implement strategies that balance profitability with social and environmental responsibility.
3. Renowned Institution
The West University of Timișoara is recognized as one of Romania’s leading educational institutions. Its Faculty of Economics and Business Administration (FEAA) is renowned for producing highly skilled professionals who excel in the global market.
4. Strong Industry Connections
The FEAA has established partnerships with financial institutions, multinational companies, and governmental organizations. These connections offer students access to internships, networking events, and career opportunities in sustainable finance.
Program Structure and Curriculum
The Master in Sustainable Finance is a two-year program that blends theoretical and practical learning. The curriculum is designed to provide a deep understanding of sustainable financial practices while developing analytical and strategic decision-making skills.
Key Modules
- Introduction to Sustainable Finance
- Fundamentals of sustainability in finance.
- Key concepts like ESG criteria, green bonds, and impact investing.
- Corporate Social Responsibility (CSR) and Governance
- The role of governance in sustainable practices.
- Case studies on successful CSR strategies.
- Environmental Economics and Policy
- Understanding the economic implications of environmental policies.
- Analyzing market-based approaches to environmental challenges.
- Risk Management in Sustainable Investments
- Identifying and managing risks associated with sustainable finance.
- Tools for assessing environmental and social risks.
- Financial Markets and Sustainable Instruments
- Exploring green bonds, carbon markets, and renewable energy investments.
- Mechanisms for integrating sustainability into traditional financial markets.
- Quantitative Methods for Sustainable Finance
- Statistical and econometric tools for analyzing sustainable financial data.
- Global Trends in Sustainable Finance
- Emerging trends and innovations in the field, including fintech solutions for sustainability.
- Sustainability Reporting and Performance Metrics
- Standards and frameworks for sustainability reporting.
- Tools to measure the impact of sustainable financial practices.
Learning Experience
1. Case Studies and Real-World Applications
The program emphasizes practical learning through case studies, simulations, and hands-on projects. Students analyze real-world scenarios to develop actionable solutions for sustainability challenges in the financial sector.
2. International Perspective
With a focus on global practices, the program equips students to work in diverse, multicultural environments. Opportunities for international exchanges and collaborations enhance the learning experience.
3. Research and Innovation
Students are encouraged to undertake research projects that address pressing issues in sustainable finance. The FEAA provides access to cutting-edge resources and support for innovative research.
4. Expert Faculty and Guest Lectures
The program is taught by experienced faculty members and industry professionals. Regular guest lectures by leading experts in sustainable finance offer insights into the latest developments in the field.
Career Opportunities
A Master in Sustainable Finance opens doors to a wide range of careers in the public and private sectors. Graduates are well-positioned to take on roles such as:
- Sustainability Analyst: Assessing the environmental and social impacts of financial activities.
- ESG Consultant: Advising organizations on integrating ESG principles into their operations.
- Green Investment Manager: Managing funds that focus on environmentally sustainable projects.
- Corporate Sustainability Officer: Leading sustainability initiatives within companies.
- Policy Advisor: Developing policies to promote sustainable economic growth.
With sustainability becoming a critical priority for businesses and governments, the demand for professionals with expertise in sustainable finance is growing rapidly.
Why Timișoara?
Timișoara, often referred to as the “City of Innovation,” is an ideal location for studying sustainable finance. The city is a hub for education, culture, and business, offering students a dynamic environment to thrive academically and personally.
1. Vibrant Academic Community
The West University of Timișoara fosters a supportive and engaging academic environment. Students benefit from a multicultural campus and a wide range of extracurricular activities.
2. Affordable Living
Timișoara offers high-quality living standards at affordable costs, making it an attractive destination for international students.
3. Cultural Richness
Known for its historical landmarks, art galleries, and festivals, Timișoara provides a rich cultural experience that enhances the student journey.
Admission Requirements
To apply for the Master in Sustainable Finance, candidates must meet the following criteria:
- Bachelor’s Degree: A recognized undergraduate degree in economics, finance, business, or a related field.
- Language Proficiency: Proof of English proficiency (e.g., TOEFL, IELTS) if applicable.
- Application Documents:
- Academic transcripts
- Curriculum Vitae (CV)
- Letter of motivation
- Letters of recommendation (optional)
The Master in Sustainable Finance at UVT’s FEAA is more than just a degree—it’s a pathway to shaping a sustainable future. With its interdisciplinary curriculum, practical learning approach, and focus on global trends, the program prepares students to become leaders in sustainable finance.
Why Choose UVT and GlobalStudent?
For international students, GlobalStudent is the ideal partner to navigate the challenges of studying abroad. From visa assistance to part-time job placement, GlobalStudent ensures that students can focus on their studies and make the most of their time at UVT.
If you’re ready to make a meaningful impact in the world of finance while contributing to a sustainable future, this program at the West University of Timișoara is your ideal choice. Start your journey today and join a community of changemakers dedicated to building a better tomorrow.
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.