StudyQA — Master: Quantitative Asset and Risk Management (ARIMA) (Double Degree)

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Description Contents Requirements

ARIMA is a Joint Master Degree Programme in Quantitative Asset and Risk Management provided by universities:

University of Applied Sciences BFI Vienna (Austria),
University of Bologna (Italy),
University of Economics in Katowice (Poland).

During the first two semesters students follow the courses at the Faculty of Finance and Insurance in Katowice. The third semester is an obligatory exchange semester at one of the partner universities (two blocks of three weeks each). The programme is completed by a written thesis and diploma exam. As a result the graduates receive a master degree diploma awarded by all partner universities.
Coordinator:

University of Applied Sciences bfi Vienna, (Austria)
Partner universities:
University of Bologna (Italy),
University of Economics in Katowice, Poland

Semester 1

Module 1:

Fundaments in Quantitative Methods and Finance
Fundaments of Mathematics and Statistics 3 ECTS
Fundamentals of Finance 6 ECTS
Fundamentals of Economics 3 ECTS
Programming and Databases 4 ECTS

Module 2:

Financial Econometrics
Multivariate Methods 5 ECTS
Time Series Analysis 3 ECTS

Module 3:

Derivative Pricing
Equity and Foreign
Exchange Derivatives 2 ECTS
Fixed Income and Credit Derivatives 4 ECTS

Semester 2

Module 4:

Risk Measurement
Measurement of Market Risk 4 ECTS
Measurement of Credit Risk 4 ECTS
Measurement of Non-life Risk 2 ECTS
Measurement of Life Risk 3 ECTS

Module 5:

Asset Management
Introduction to Asset
Management 2 ECTS
Asset Class Interest Rate
Products 2 ECTS
Asset Class Equity 2 ECTS
Asset Class Credit Products 2 ECTS
Asset Class Foreign Exchange 1 ECTS
Alternative Investments 2 ECTS
Structure Products 2 ECTS

Module 6:

Research Methods
Research Methods 1 ECTS
Research Seminar 3 ECTS

Semester 3

Module 7:

Asset Liability Management And Risk Management For Banks
Bank Management 4 ECTS
Risk Controlling and
Organisation Market Risk 2 ECTS
Risk Controlling and
Organisation Credit Risk 2 ECTS
Operational Risk for Banks 1 ECTS
Cost Accounting 3 ECTS

Module 8:

Asset Liability Management And Risk Management For Insurances And Pensions Funds
ALM and Insurance
Management 2 ECTS
Management Life Risk 2 ECTS
Management Non-Life Risk 1 ECTS
Financial Reporting Standards 4 ECTS

Module 9:

Applied Asset Management
Integrating Aspects of Asset
Management 6 ECTS
Legal Framework and Ethics 3 ECTS

Semester 4

Module 10:

Applied Research in Asset and Risk Management
Advanced Topics 3 ECTS
Project Seminar – Managerial Accounting 4 ECTS

Module 11:

Graduated Requirements
Master Thesis 16 ECTS
Diploma Exam 7 ECTS

Eligible applicants must hold a Bachelor's or Master's degree awarded by a recognized higher education institution.
Detailed entry requirements:

nationals of the Member States of the European Union, Switzerland, Norway, Iceland and Liechtenstein, and members of their families
holders of a valid Polish Charter (Karta Polaka)
holders of a document (other than a visa) permitting them to stay in Poland
other foreigners

If you have a diploma of higher education (at least a Bachelor’s degree) that was not issued in Poland, you can:

enter the admission procedure applicable to Polish nationals; upon successful admission you will have the right to study according to the same rules that apply to Polish students (subject to the same fees) but you will not be entitled to a maintenance grant, special grant for disabled persons and assistance grants. You will, however, have the right to apply for the Rector’s grant for outstanding students

apply for admission on the basis of the Rector’s decision (without undergoing the admission procedure) and study subject to the fees that apply to foreigners, with no right to apply for any University grants. Check the entry requirements applicable to foreigners

If you have a diploma of higher education (at least a Bachelor’s degree) that was issued in Poland, you must enter the admission procedure applicable to Polish nationals.

If your diploma of higher education (at least a Bachelor's degree) was not issued in Poland, you can apply for admission on the basis of the Rector's decision (without undergoing the admission procedure) and study subject to the fees that apply to foreigners, without being entitled to any University grants. Check the entry requirements applicable to foreigners.
If your diploma of higher education (at least a Bachelor's degree) was issued in Poland, you must enter the admission procedure applicable to Polish nationals but you will be studying subject to the fees that apply to foreigners, without being entitled to any University grants.