Banking and Finance
Faculty of Economics and Administrative Sciences

About Department

The Banking and Finance Study Program is designed to prepare students for successful careers in the financial sector by providing a solid foundation in banking operations, financial markets, investment analysis, and risk management. The program combines theoretical knowledge with practical skills to help students understand the complexities of modern financial systems and global economic trends. Emphasis is placed on analytical thinking, financial decision-making, and the use of digital tools and technologies in finance. Graduates are equipped to work in banks, financial institutions, investment firms, or pursue advanced studies in finance and economics.

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

Social Sciences

Economy

Banking and Finance

General Requirements
  • Candidates with completed secondary education, in accordance with Article 134, paragraph 2
  • All candidates must take an internal exam to assess their knowledge of the English language
  • Candidates who do not achieve a minimum score of 60/100 points need to attend the Preparatory School
  • Investment Banking
  • Finance asvisor for corporate firms
  • Risk Analysis in financial institutions

Academic Staff

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Coordinator

Elena Parnardzieva Stanoevska

elena.parnardzieva@ibu.edu.mk
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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.

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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