Finance (Master’s Program)

ILIA STATE UNIVERSITY

The Finance Master’s Program aims to create the foundation for successful career advancement in the field of finance and prepare competitive specialists for high-level positions related to financial activities in various organizations, who will:

  • Be equipped with research, analytical skills, and theoretical knowledge necessary for evaluating complex financial issues
  • Act as reliable and independent finance professionals in the process of company/organization strategy formation, assessment, and development
  • Independently identify problems and solve them effectively using innovative/latest approaches
  • Be able to conduct financial activities in accordance with business law and professional norms

 

Degree awarded: Master of Business Administration in Finance

Language of instruction: Georgian

Program duration: 120 ECTS credits, 4 semesters

Why Should You Choose the Finance Master's Program at Ilia State University

Highly Qualified Staff

The master's program is led by a team of leading specialists and practitioners in the field, including academic and visiting staff who are constantly involved in contemporary research, international collaborations, and practical activities.

Learning Resources and Infrastructure

Information technology resource centers, fully equipped lecture auditoriums, university library with diverse collections and rich electronic resources, including international electronic databases, university student registration and learning process management network "Argus" and distance learning platforms "Turnitin" and "E-learning", university and/or faculty centers contribute to improving the quality of academic processes and ensure achievement of learning outcomes provided by the program.

Development of Practical Skills

The program ensures the development of students' practical and transferable skills through practical work and assignments embedded in relevant courses. Additionally, for the purpose of developing useful skills, the program includes both research institutes based at Ilia State University (Business Research Center) and partner organizations with which appropriate memoranda have been signed.

Opportunity for International Experience

Erasmus+ exchange programs enable students to study abroad for one or two semesters at partner universities, gaining European education and experience while developing competitive advantages in both local and international markets.


Program Directors

Associate Professor Giorgi Khishtovanigiorgi.khishtovani@iliauni.edu.ge 

Associate Professor Alexandre Ergeshidzealeksandre.ergeshidze@iliauni.edu.ge 


Employment Opportunities

Program graduates can be employed:

  • In the private and public sectors in finance
  • In leading and middle-level managerial positions across various functional areas of management

 

Program graduates can continue their studies at the doctoral level.

Admission to the Finance master’s educational program is based on general master’s examination results and internal university examinations.

Applicants who have obtained a bachelor’s degree in any field (preferably, but not mandatory – 0412 Finance, Banking and Insurance/0413 Management and Administration/0414 Marketing and Advertising/0311 Economics fields) and possess English language skills (reading ability) at minimum B2 level are admitted to the program.

To confirm English language competency, candidates must pass an examination administered by the university (mandatory only to confirm reading ability at B2 level), or present one of the following documents confirming English language competency:

  1. a) Official internationally recognized language certificate showing B2 or higher level according to the Common European Framework of Reference (CEFR):
  • Cambridge examinations: Cambridge English Scale – 160-180; IELTS – Bands 5.5, Cambridge First, FCE, BEC Vantage, ILEC – Pass with B2; Aptis Test
  • Pearson Tests: PTE General, Level 3; PTE Academic 59-75
  • TOEFL iBT 72
  • EF SET: 51-60
  • Duolingo: 90-115
  1. b) Certificate issued by the National Assessment and Examinations Center – Certus
  2. c) Diploma confirming completion of an English-language bachelor’s program, indicating that the language of instruction was English

 

Information about admission requirements and evaluation criteria is updated annually on the university website www.iliauni.edu.ge

Within the Finance Master’s Program, students must accumulate a total of 120 credits/ECTS to obtain the qualification.

  • Mandatory courses – 90 ECTS
  • Elective courses – 12 ECTS

 

Master’s thesis – 18 ECTS

Resources and Research

Program-Related Resources and Partners

  • University library
  • Learning auditoriums and computer classrooms
  • University learning process management network “Argus”
  • “Turnitin”, “E-learning”
  • Business Research Center
  • Academic Writing Center
  • Psychological Counseling Center

Partner Organizations

Within the collaboration framework, memoranda have been signed with the following organizations: “National Bank of Georgia”, “Georgia’s National Competition Agency”, “Digitroni”, “FIABCI Georgia”, “Federation of Professional Accountants and Auditors of Georgia”, “PMC Research Center”, “Anova”, “EBIT Consulting”

Academic Staff and Their Research Interests