Banking and Finance
Faculty of Economics and Administrative Sciences

About Department

Nowadays, global financial markets are becoming increasingly complex, with an increasing demand for professionals with specialized knowledge in banking and finance. Financial institutions, investment funds and regulatory agencies are looking for highly trained individuals capable of addressing challenges such as economic volatility, regulatory compliance and technological advances such as FinTech and Blockchain technology.

 

Our Master’s program in Banking and Finance offers rigorous training in advanced financial concepts, quantitative methods, and industry practices, opening doors to high-level careers in banking, finance and beyond. It is designed to provide advanced academic and practical knowledge of financial systems, banking operations and capital markets. The main goal of our study program is preparing students to deal with the complex challenges in the global financial sector, equipping them with analytical tools, technical expertise and strategic decision-making skills needed in modern financial and banking professions.

 

After completion of this master’s program, students will acquire expanded knowledge in the field of banking with a special emphasis on sustainable (green) finance, corporate finance, the impact of modern technology on the development of the fintech sector, financial accounting and control, as well as the challenges in the application of international accounting standards and econometric models that facilitate financial decision-making. Thus, by producing ethical and well-trained professionals, the program contributes to a stable and transparent financial sector, which is vital for social development and trust in economic systems.

Available Quota: 50 students
Tuition Fee (Balkan): €2000.00/year
Tuition Fee (International): €4000.00/year

Општествени науки

Економски науки

Банкарство и Финансии

Academic Staff

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Prof. Dr.

Savica Dimitrieska

savica.dimitrieska@ibu.edu.mk
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Prof. Dr.

Snezana Bilic

sbilic@ibu.edu.mk
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Prof. Dr.

Violeta Madzova

v.madzova@ibu.edu.mk
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Assoc. Prof. Dr.

Andrijana Bojadzievska-Danevska

andrijanab.danevska@ibu.edu.mk
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Assoc. Prof. Dr.

Liza Alili Sulejmani

liza.alili@ibu.edu.mk
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Assoc. Prof. Dr.

Luljeta Sadiku

l.sadiku@ibu.edu.mk
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Asst. Prof. Dr.

Ahmet Lökçe

ahmet.lokce@ibu.edu.mk
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Asst. Prof. Dr.

Djeneta Telak Durmishi

ceneta.telak@ibu.edu.mk
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Asst. Prof. Dr.

Elena Parnardzieva Stanoevska

elena.parnardzieva@ibu.edu.mk
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Asst. Prof. Dr.

Kristina Velichkovska

kristina.velickovska@ibu.edu.mk
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Asst.

Diellza Bilalli

diellza.ibu@ibu.edu.mk
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Asst.

Edita Mustafa

edita.mustafaibu@ibu.edu.mk
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Asst.

Sani Saidi

saidi.sani@ibu.edu.mk

Course Plan

First Year
ENG 101
English Language I
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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CE 101
Computer Skills
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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PR 101
Communication Skills
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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IER 101
Principles of Economics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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PR 102
Sociology
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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MK 101
Macedonian Language I
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 1
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TUR 101
Turkish Language I
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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ENG 102
English Language II
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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MATH 103
Mathematics for Economics and Business
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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IER 102
Accounting Principles
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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POL 101
Introduction to Law
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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BAF 101
Introduction to Finance
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 1
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MK 102
Macedonian Language II
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 1
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TUR 102
Turkish Language II
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 1
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Second Year
IER 201
Microeconomics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 2
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MAN 201
Principles of Management
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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BA 201
Introduction to Business
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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BAF 201
Analysis of Financial Statements
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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STA 202
Statistics in Social Sciences
Semester Fall
Weekly Hours
2 + 0
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 2
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IER 206
European Politics and Globalization
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 2
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STA 201
Business Statistics
Semester Fall
Weekly Hours
2 + 2
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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BAF 202
Banking
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 2
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IER 204
Macroeconomics
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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BAF 203
Corporate Financial Management
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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MATH 203
Mathematical Modelling
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 2
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BAF 204
Money Laundering
Semester Spring
Weekly Hours
2 + 0
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 2
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MAN 212
Entrepreneurship
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 2
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Third Year
BAF 301
Banking Management
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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BAF 302
Banking Regulation and Basel Capital Standards
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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IER 301
Monetary Theory and Politics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 3
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BAF 303
International Financial Markets and Institutions
Semester Fall
Weekly Hours
2 + 0
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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BAF 304
Credit Policy
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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BA 306
Law and Ethics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 3
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BAF 305
Bank Risk Management
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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BAF 306
Bank Marketing
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 3
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RMSS 307
Research Methods for Social Sciences
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Compulsory
Academic Year
Year 3
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BA 302
Analysis and Control of Cost
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 3
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IER 304
Public Finance
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 3
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BAF 399
Internship
Semester Spring
Weekly Hours
0 + 0
ECTS Credits
4.0
Course Type
Compulsory
Academic Year
Year 3
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Fourth Year
BAF 401
International Finance
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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IER 402
International Transport and Logistics
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 4
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MAN 401
Human Resources Management
Semester Fall
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 4
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IER 404
Investments
Semester Fall
Weekly Hours
2 + 0
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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IER 405
International Monetary System
Semester Fall
Weekly Hours
2 + 0
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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BAF 490
Project I
Semester Fall
Weekly Hours
0 + 6
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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BAF 499
Project II
Semester Fall
Weekly Hours
0 + 6
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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BAF 499
Project II
Semester Spring
Weekly Hours
6 + 0
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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BAF 402
Investment Banking
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
6.0
Course Type
Compulsory
Academic Year
Year 4
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BAF 403
Auditing
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 4
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BAF 404
Insurance
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
5.0
Course Type
Elective
Academic Year
Year 4
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BAF 405
E-Banking
Semester Spring
Weekly Hours
2 + 0
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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IER 406
Contemporary Economic Systems
Semester Spring
Weekly Hours
2 + 1
ECTS Credits
4.0
Course Type
Elective
Academic Year
Year 4
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Jobs

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