Quantitative Asset and Risk Management (ARIMA) (Double Degree)

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
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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

OR

• 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.