BANKING AND FINANCE

“It was a decisive factor in my choice of studies that the programme is specially geared towards working students, and that we have many lecturers working in the banking business. What I also like is the openness towards students‘ suggestions and we and the lecturers are on equal, almost professional partner-like, footing.“

Andreas Kuen, BA, Alumnus

 

Qualification awarded
Bachelor degree programme (6 semesters, 180 ECTS credits): Bachelor of Arts in Business; abbreviated: BA

Level of qualification
Bachelor degree programme: first cycle, ISCED 5A, EQF level 6

Specific admission requirements
Admission to a bachelor degree programme at a university of applied sciences is granted upon the basis of the Austrian higher secondary school leaving certificate (Reifezeugnis), its foreign equivalent, or the successful completion of a special university entrance examination (Studienberechtigungsprüfung). Students of compulsory lower schools who have completed additional schooling in the form of apprenticeships as skilled workers may also take a vocationally based examination acknowledged as equivalent to the higher secondary school leaving certificate (Berufsreifeprüfung). Generally admission to universities of applied sciences degree programmes is based on a selective admissions process. The admissions process for the bachelor degree programme Banking and Finance consists of a written application, an interview and a multiple-choice test.

Specific arrangements for recognition of prior learning (formal, non-formal and informal)
Students who have acquired certain competences through prior learning can apply for the recognition of these. If the competences were acquired within the framework of a formal learning process (university or equivalent, or other recognized training /education institutions), the programme director decides on the basis of the documents provided (transcripts, course descriptions, etc.), if the credits for the prior learning can be transferred. If competences were acquired in a non-formal or informal context, students can request a competence ascertainment test. If the student passes this test, the competences acquired through prior learning will be credited. Applications for recognition of prior learning have to be submitted within 14 days of the beginning of the semester in which the course is situated. Students must substantiate a request for recognition of prior learning with original documents or officially authenticated copies.

Recognition of study abroad periods
Before the study abroad period every prospective mobile student draws up a learning agreement which has to be approved by the UAS bfi Vienna and the host institution. In case of changes in the study programme the learning agreement may be amended. All changes have to be approved by both the UAS bfi Vienna and the host institution. After the mobility period students hand in their transcripts of records to the mobility coordinator, who will facilitate the recognition based on the signed learning agreements and the approved changes. The credits obtained at the host institution in accordance with the learning agreement are automatically transferred into the transcript of records of the UAS bfi Vienna with their original titles and a reference to the host institution, where the study abroad credits were obtained.

Qualification requirements and regulations
Students in the bachelor degree programme should have:

  • a strong motivation to work in one of the various job areas in the banking and finance sector,
  • willingness and competencies to deal with numbers and people,
  • teamwork skills.

 

Profile of the programme
The bachelor programme Banking and Finance is a 6-semester programme to be studied either in a full-time or in a career-parallel form (Career-parallel programmes are designed for working students and take their specific situation into account. The semester takes 20 weeks and classes are held on three evenings per week and on Saturdays.). The main educational goals of the Banking and Finance bachelor degree programme are:

  • to provide students with methodological-theoretical knowledge and social as well as personal skills for a career in the banking and finance industry,
  • to provide students with subject specific knowledge also in the second language English,
  • to prepare students for various management functions in the banking and finance industry.

 The main subject areas of the bachelor degree programme are: banking, insurance, corporate finance, financial markets, business administration and economics, law studies, information technology, English, personality development.

An internship in the future vocational field during the 6th semester is mandatory.

 

Key learning outcomes
Graduates of the bachelor degree programme Banking and Finance are able to:

  • identify and analyse the operations carried out by banks and insurance companies,
  • apply ideas and methods in the fields of banking customers, risk management, mathematics, and corporate finance,
  • distinguish and assess insurance products,
  • apply insurance controlling methods,
  • analyse and answer questions of finance (e.g. portfolio selection, fixed income, option contracts) and corporate finance (corporate finance and assessment),
  • perform in an international work environment due to intercultural management skills combined with work-related English.

 

Occupational profiles of graduates with examples
As employers for graduates of the banking and finance bachelor programme the following types of companies are especially relevant: banks, insurances, leasing and credit card companies, investment companies, industry and holding companies, consulting, tax accountancy and auditing companies and regulatory authorities.
They bachelor graduates are qualified for the following expert positions: corporate and private customer adviser, junior asset manager, junior treasury manager, junior risk manager, auditor, controller, credit auditor, M&A assistant, junior manager in consulting companies, organizer in banks.

 

Access to further studies
Graduates of UAS bachelor degree programmes may enrol in master programmes at universities and UASs.

Course structure diagram with credits
Banking and Finance BA (PDF, 78.04 KB)

Course descriptions in German
Course descriptions in English

Examination regulations, assessment and grading
Every examination can be repeated twice, whereby the third examination is before a commission. In case of a negative commission examination, a once only application to repeat a year can be made to the degree programme director. According to the modalities for examinations outlined in the curricula, achievement may be evaluated upon the basis of oral and written exams or project related work. In principle oral examinations are open to the public (Source: Austrian Federal Ministry of Science and Research Unit III/7).
Final examination: For UAS bachelor degree programmes, independently written works, so-called bachelor papers, are to be produced within the lectures, the concluding bachelor examination is held in the form of a commission.

Austrian Grading Scheme (PDF, 38.95 KB)

Additional information about the grading system is provided in the Transcript of Records (ToR) and the Diploma Supplement.

Graduation requirements
For UAS bachelor degree programmes, independently written works, so-called bachelor papers, are to be produced within the lectures, the concluding bachelor examination is held in the form of a commission.

Mode of study (full-time, part-time, e-learning…): Full-time and career-parallel

Programme director or equivalent:  Margit Ozvalda, tel.: ++43-1-7201286-55