General information
As of the 2015/2016 academic year, a specialisation "Financial Decisions" has been launched on the Finance and Accounting faculty, created by staff from the Department of Central Banking and Financial Intermediation.
In the 2017/2018 academic year, the specialisation was launched on a part-time basis for the first time.
The supervisors of the Financial Decisions specialisation are:
· full-time studies: dr Joanna Stawska and dr Wojciech Zatoń
· part-time studies: dr hab. Dagmara Hajdys, prof. UŁ and dr Magdalena Ślebocka.
Learning outcomes
The training process in the Financial Decisions specialisation ensures that the student receives the relevant knowledge and develops the skills and competences necessary for the future financial decision-making specialist. Particular emphasis is placed on the decision-making process in financial transactions and operations between different participants in the financial services market. The financial operations analysed include corporate financing strategies, day-to-day financial decisions made in a company, preparation of merger and acquisition operations, trading in financial instruments, banking transactions, foreign exchange operations, management of individual client investments, insurance decisions and investments of insurance funds, tax settlements.
To a large extent, the educational results of the Financial Decisions specialisation are consistent with the educational results of the Finance and Accounting specialisation at the Faculty of Economics and Sociology, University of Łódź. In particular, the educational areas of the Financial Decisions specialisation include:
Upon completion of the Financial Decisions specialisation, graduates will have knowledge of:
- the functioning of the financial market and its participants,
- legal regulations and ethical rules governing the financial market,
- relationships between market participants
- aspects and methods of decision-making,
- mechanisms linking the financial market to the real economy, financial decisions of companies and individual customers - households,
- instruments, types of financial transactions and operations used and carried out between financial market participants,
- sources and methods of collecting financial data,
- methods of financial data analysis used for forecasting, simulation and optimisation of financial operations,
- risks and ways to mitigate them in financial operations.
Upon completion of the Financial Decisions specialisation, graduates are able to:
- analyse phenomena occurring on the financial market, combining aspects of the macro scale (processes occurring in the economy and on the financial market) with aspects of the micro scale (needs and decisions of businesses and individual customers - households),
- analyse and correctly assess the behaviour of customers of financial institutions, both individual and corporate (enterprise),
- analyse financial data and use this analysis to carry out financial operations,
- make financial decisions in a methodical manner,
- recognize the needs and preferences of financial services and decision-making process of customers of financial institutions,
- participate in the process of building the service offer of a financial institution,
- develop a corporate finance strategy
- prepare investment plans for individual clients,
- carry out tax and insurance transactions, record them,
- identify risks in financial transactions
- prepare and carry out financial operations between financial institutions and their clients (companies, individual clients) striving for optimality of decisions made (optimality consists in achieving maximum compatibility of the offer construction of one side of the transaction with the needs of the other side),
- ensure that the transactions carried out comply with legal and ethical standards.
Upon completion of the Financial Decisions specialisation, graduates will:
- is aware of the level of his/her knowledge and skills, understands the need for constant professional and personal development, in particular with regard to new financial services and products and changing legal regulations on the financial market,
- is able to build and maintain relations as a representative of financial institutions with customers and as a customer with representatives of financial institutions,
- knows how to research the attitudes and preferences of participants in financial operations,
- is able to interact and work in a group, but also to conduct independent activities on the financial market,
- is able to make a complex analysis of a task defined by him/herself or others, consistently striving to implement individual and team actions on the basis of a thorough decision-making process,
- is able to take financial decisions independently and with a high degree of responsibility, being aware of the risks and consequences of these decisions,
- is able to take financial decisions independently and with a high degree of responsibility, being aware of the risks and consequences of those decisions, acts in accordance with legal regulations and rules of professional ethics,
- is able to make a critical self-assessment of his/her own competence.
Graduate profile
Completion of the Financial Decisions specialisation will provide a broad financial knowledge with specialisation in transaction preparation and financial decision-making. As a result, Graduates will be able to be employed in positions:
- financial analysts in companies, banks, insurance institutions,
- financial advisors
- product and quality management specialists for financial services,
- analysts and advisors in consulting and advisory firms with the prospect of running their own business in the field of consulting and advisory services.
The Financial Decisions specialisation provides the opportunity to put into practice the knowledge of the relationship between individual and corporate clients and financial institutions. The novelty of this specialisation lies in taking into account, in the analysis of financial decisions, the perspective of both clients and their economic interests, as well as the objectives and rules of conduct of financial institutions. As a result, graduates of this specialisation will have a good understanding of the mechanism of financial operations and will be able to use the knowledge and skills acquired to make optimal decisions, being both a client (individual or corporate employee) and an employee of a financial institution.
