Bachelor of Finance

To earn the Bachelor of Finance degree, students must complete 146 KIMEP credits or 240 ECTS.

The following table illustrates the structure of the BFIN Program.

Category of courses	KIMEP credits	ECTS credits
General Education	36	56
Program Foundation	68	112
Program Specialization	36	60
Final Attestation	6	12
TOTAL	146	240

Program Foundation Courses (112 ECTS/68 KIMEP credits):

(1)Program foundation required courses (92 ECTS credits / 56 KIMEP)

(2)Program foundation elective courses (20 ECTS credits/12 KIMEP)

Program Foundation Courses			ECTS	KIMEP credits		Prerequisite
Program Foundation Required Courses			92	56
BUS4251.1		Internship Program I	2	1		30 KIMEP credits completed
FIN4251.2 FIN4241.2		Internship Program in Finance II/ Cases in Finance (substitute)	2	2		60 KIMEP credits and BUS4251.1
ENG/GEN1100		Academic Speaking	5	3		ENG 1110/ GEN1010
ENG/GEN1121		Academic Reading and Writing 2	5	3		ENG 1120
KAZ2103 or RUS2103		Professional Kazakh (Russian)	3	2
FIN2105		Business Microeconomics	5	3		ENG1120
FIN2106		Business Macroeconomics	5	3		FIN2105
MGT3001		Principles of Management	5	3		ENG1120
ACC2102		Financial Accounting I	5	3		FIN2105
FIN3121		Financial Management	5	3		ACC2102, FIN2105
IFS2203		Management Information Systems	5	3		GEN/OPM1300/ 2301
MKT3130		Principles of Marketing	5	3		ENG1120
OPM3131		Introduction to Operations Management	5	3		GEN2402
GEN2402		Business Statistical Analysis	5	3		MATH1202/ GEN1201
ACC2201		Management Accounting I	5	3		ACC 2102, FIN2105
FIN3210		Corporate Finance	5	3		FIN3121, ACC 2102, FIN2105
LAW2202		Business Law	5	3
MGT4201		Strategy and Business Policy	5	3		MGT3001, MKT3130, FIN3121, ACC2201
OPM3011		Quantitative Methods for Business Data Analysis	5	3		GEN2402
GEN1201		Mathematics for Business and Economics	5	3		None
Program Foundation Elective Courses			20		12
XXXX	Elective 1		5		3
XXXX	Elective 2		5		3
XXXX	Elective 3		5		3
XXXX	Elective 4		5		3
TOTAL			112		68

 

Program Specialization Courses (36 KIMEP/ 60 ECTS credits):

• Required Specialization Courses (27 KIMEP credits/ 45 ECTS) and
• Elective Specialization Courses (9 credits/ 15 ECTS)

Program Specialization Courses			ECTS		KIMEP credits			Prerequisite
Program Specialization Required Courses			45		27
BUS3334	Ethics, Responsibility and Sustainability in Business		5		3			MGT3001, MKT3130, FIN3121, ACC2201
FIN3211	Advanced Corporate Finance		5		3			FIN3210, FIN3121
FIN3230	Risk Management and FinTech		5		3			FIN3210, FIN3121
FIN3220	Investments		5		3			FIN3210, FIN3121
FIN4211	Financial Modelling		5		3			FIN3220
FIN4224	Financial Derivatives		5		3			FIN3210, FIN3121
FIN4235	International Finance and Cryptocurrencies		5		3			FIN3210, FIN3121
FIN4214/	Financial Statement Analysis		5		3			FIN3210, FIN3121
FIN4251.3	Internship Program III		5		3			FIN4251.1, FIN4241.2
Program Specialization Elective Courses			15		9
FIN4250	Personal and Entrepreneurial Finance		5		3			FIN3210, FIN3121
FIN4212	Mergers and Acquisitions		5		3			FIN3210
FIN4220	Real Estate Finance		5		3			FIN3210, FIN3121
FIN4221	Investment Banking		5		3			FIN3210
FIN4225	Fixed-Income Securities		5		3			FIN3220
FIN4231	Commercial Bank Management		5		3			FIN3210, FIN3121
FIN4240	Security Analysis and Portfolio Management		5		3			FIN3220
FIN4241	Case Studies in Finance		5		3			FIN3210, FIN3220, FIN3230
FIN4242	Selected Topics in Finance		5		3			FIN3210, FIN3220, FIN3230
FIN4246	Insurance		5		3			FIN3210, FIN3121
FIN4201	Foundation of FinTech		5		3			FIN3210, FIN3220, FIN3230
FIN4202	Behavioral Finance		5		3			FIN3210, FIN3220, FIN3230
FIN4203	Applications in Entrepreneurial FinTech		5		3			FIN3210, FIN3220, FIN3230
FIN4204	Best Practices in Islamic Finance		5		3			FIN3210, FIN3220, FIN3230
FIN4205	Introduction to Blockchain and Cryptocurrency		5		3			FIN3210, FIN3220, FIN3230
FIN4206	Corporate Governance and Sustainability		5		3			FIN3200
FIN4247		Financial Regulation and Supervision		5		3	FIN3210, FIN3121
FIN4248		Islamic Banking and Finance		5		3	FIN3210, FIN3121
OPM3215		Business Time Series Forecasting		5		3	GEN2402
BUS4800		Cases in Contemporary Business		5		3	MGT3001, MKT3130, FIN3121, ACC2201
FIN4232		Financial Risk Management and Decision Making		5		3	FIN3210, FIN3121, FIN 3230
CIT3805		Big Data Analytics		5		3	OPM3011
TOTAL				60		36

Final Attestation (6 KIMEP credits/12 ECTS):

Final Attestation Courses		ECTS	KIMEP credits	Prerequisite
BUS4271	Thesis I/ Thesis Project I: Research Methods in Business Studies	6	3	102 credits and GEN2402
FIN4272	Thesis II/ Thesis Project II	6	3	128 credits and BUS4271
TOTAL		12	6

BFIN students have the opportunity to choose among MAJORS:

(1) Corporate Finance and Investment Management

(2) Financial Institutions and Risk Management

Corporate Finance and Investment (36 KIMEP credits / 60 ECTS)

To gain Major in Corporate Finance and Investments students are required to complete the following courses:

Course Code	Course Title	ECTS	KIMEP credits
All 9 Program Required Specialization Courses		45	27
FIN4225	Fixed-Income Securities	5	3
Any one course from:
FIN4212 FIN4221	Mergers and Acquisitions Investment Banking	5	3
FINxxxx	Any 1 course from Program Elective Specialization courses	5	3
TOTAL		60	36

Financial Institutions and Risk Management (36 KIMEP credits / 60 ECTS)

For majoring in Financial Institutions and Risk Management, students are required to complete
the following courses:

Course Code	Course Title	ECTS	KIMEP credits
All 9 Program Required Specialization Courses		45	27
FIN4232	Financial Risk Management and Decision making	5	3
Any one course from:
FIN4231 FIN4248 FIN4246 FIN4204	Commercial Bank Management Islamic banking and Finance Insurance Best Practices in Islamic Finance	5	3
FINXXX	Any 1 course from Program Elective Specialization Courses	5	3
TOTAL		60	36

MINORS FOR STUDENTS OF THE BANG COLLEGE OF BUSINESS

Students are free to choose among different minors. They can also graduate without taking any minor. Graduating
without a minor provides more flexibility in selecting elective courses because major requires students to take
a particular set of courses.

To gain a minor the BCB students shall take particular courses for a total of 9 KIMEP credits/15 ECTS. A
particular course cannot be counted towards both a specialization and a minor.

Table below lists the requirements for MINORS for the BCB students.

Minor Area	Code	Course Title			KIMEP credits		ECTS	Prerequisite
Accounting (any 3courses)	ACC3101	Financial Accounting II			3		5	ACC2102
	ACC3201	Intermediate Financial Accounting I			3		5	ACC3101
	ACC3202	Intermediate Financial Accounting II			3		5	ACC3201
	ACC3212	Accounting Information Systems			3		5	ACC3101
	ACC3110	Management Accounting II			3		5	ACC2201
Finance		FIN3210		Corporate Finance		3	5		FIN3121, ACC2102, FIN2105
		FIN3220		Investments		3	5		FIN3121
									FIN3101
		FIN3230		Financial Institutions Management		3	5		FIN3121
									FIN3101
Information Systems in Business (any 3 courses)		IFS3202		Database Management Systems in Business		3	5		GEN/OPM 1300 or GEN/OPM2301
		CIT1303		Information Systems   and Networking		3	5		GEN/OPM 1300 or GEN/OPM2301
		IFS3745		Information Security Management		3	5		GEN/OPM 1300 or GEN/OPM2301
		IFS4204		Decision Support System		3	5		GEN/OPM 1300 or GEN/OPM2301
Computer Applications		CIT2731		Digital Graphics in Business		3	5		GEN/OPM 1300 or GEN/OPM2301
		IFS4204		Decision Support System		3	5		GEN/OPM 1300 or GEN/OPM2301
		CIT3734		Web Technologies inBusiness		3	5		GEN/OPM 1300 or GEN/OPM2301
Management (any 3 courses)		MGT3206		Leadership and Motivation		3	5		MGT3001
		MGT3208		Innovation Management		3	5		MGT3001
		MGT3210		International Business		3	5		MGT3001
		MGT3212		Organizational Behavior		3	5		MGT3001
Leadership		LDP3201		Leadership: Principles and Best Practices		3	5		MGT3001
		LDP4201		Leadership: Making Principles Work		3	5		MGT3001
		LDP4202		Leadership in Action		3	5		LDP 3201 LDP4201
Human Resources Management		MGT3204		Human Resource Management		3	5		MGT3001
		MGT4208		Training and Development		3	5		MGT3204
		MGT4210	Compensation and Performance Management			3	5		MGT3204
Entrepreneurship		MGT3211	Principles of Entrepreneurship			3	5		MGT3001
		MGT3218	Business Model Innovation			3	5		MGT3211
		MGT3217	Building and Accelerating the Venture			3	5		MGT3211
Marketing (MKT 3150  and any 2 other courses)		MKT3150	Strategic Marketing			3	5		MKT3130
		MKT3201	Consumer Behavior			3	5		MKT3150
		MKT3202	Marketing Communications			3	5		MKT3130
		MKT3214	Brand Management			3	5		MKT3150
		MKT4203	Marketing Research			3	5		MKT3150
Tourism and Hospitality Management (MKT3221 and any 2courses)		MKT3221	Tourism Practices and Principles			3	5		None
		MGT3215	Hospitality Management			3	5		None
		MKT3222	Cross-Cultural Tourism Marketing			3	5		MKT3130
		MKT3223	Niche Tourism			3	5		None
		MGT3216	Leisure and Recreational Management			3	5		None
Big Data Management and Analysis (IFS4203 and any 2 courses)		IFS3202	Database Management Systems			3	5		GEN/OPM1300 or GEN/OPM2301
		IFS4203	Big Data Management and Analysis			3	5		GEN/OPM1300 or GEN/OPM2301
		IFS4204	Decision Support Systems			3	5		GEN/OPM1300 or GEN/OPM2301
		IFS4302	Business Intelligence Applications			3	5		GEN/OPM1300 or GEN/OPM2301; MKT 3130
		CIT3908	Cybersecurity			3	5		GEN/OPM1300 or GEN/OPM2301
		CIT3816	Mobile Technologies and Applications			3	5		GEN/OPM1300 or GEN/OPM2301
Logistics and Supply  Chain Management (OPM 3205 and any 2 courses)		OPM3205	Logistics and Supply Chain Management			3	5		OPM3131
		OPM4201	Purchasing and Material Management			3	5		OPM3205
		OPM4501	Transportation Carrier Management			3	5		OPM3131

MERIT CERTIFICATES

In order to be eligible for the merit certificates under each Bachelor program, a student must:

1. Take a set of three courses, offered by the BCB undergraduate programs, in a respective
2. Meet exit criteria of a minimum overall GPA 00 in all courses required for a respective certificate.
3. All pre-requisites must be met (waive of pre-requisites, concurrent registration, CSS courses as
   equivalence of BCB courses are NOT allowed).

MERIT CERTIFICATE IN AUDITING (9 KIMEP CREDITS / 15 ECTS)

Required courses:
ACC4203	Auditing
ACC4209	Fraud Examination
ACC4216	Professional Auditing

MERIT CERTIFICATE IN TAXATION (9 KIMEP CREDITS / 15 ECTS

Required courses:
ACC3205	Principles of Taxation
ACC3210	Taxation in Kazakhstan
ACC4240	Taxation of Multinational Enterprises

MERIT CERTIFICATE IN CORPORATE FINANCE AND INVESTMENT MANAGEMENT (9
KIMEP CREDITS / 15ECTS)

Required courses:
FIN4224	International Financial Management
FIN4212	Mergers and Acquisitions
FIN4221	Investment Banking

MERIT CERTIFICATE IN FINANCIAL INSTITUTIONS AND RISK
MANAGEMENT (9 KIMEP CREDITS / 15 ECTS)

Required courses:
FIN3230	Financial Institutions Management
FIN4224	Financial Derivatives
FIN4232	Financial Risk Management and Decision making

MERIT CERTIFICATE IN MARKETING
COMMUNICATIONS AND BRANDING (9 KIMEP CREDITS / 15 ECTS)

Required courses:
MKT3202	Marketing Communications
MKT3201	Consumer Behavior
MKT3214	Brand Management

MERIT CERTIFICATE IN TOURISM AND HOSPITALITY MANAGEMENT
(9 KIMEP CREDITS / 15 ECTS)

Required courses:
MKT3221	Tourism Practices and Principles
MGT3215	Hospitality Management
MKT3222	Cross-Cultural Tourism Marketing/ MKT3223 Niche Tourism /MGT3216 Leisure and Recreational Management

MERIT CERTIFICATES IN ENTREPRENEURSHIP (9 KIMEP CREDITS / 15 ECTS)

Required courses:
MGT3211	Principles of Entrepreneurship
MGT321 8	Business Model Innovation
MGT321 7	Building and Accelerating the Venture

MERIT CERTIFICATE IN BIG DATA MANAGEMENT (9 KIMEP CREDITS / 15 ECTS)

Required courses (any 3 courses):
IFS3202	Database Management Systems
CIT3805	Big Data Analytics
IFS4204	Decision Support Systems
IFS4302	Business Intelligence Applications
CIT3908	Cybersecurity
CIT3816	Mobile Technologies and Applications

MERIT CERTIFICATE  in LOGISTICS (9 KIMEP
CREDITS / 15 ECTS)

Required courses:
OPM3205	Logistics and Supply Chain Management
OPM4201	Purchasing and Material Management
OPM4501	Transportation Carrier Management

CERTIFICATE IN LEADERSHIP

The purpose of the Leadership Development Program is to help KIMEP students develop the necessary skills to
assume key positions in Kazakhstani business and government. It focuses on the practical application of
leadership skills, ending in a supervised internship. Those students who fulfill all Program requirements listed
below receive a Certificate in Leadership.

CERTIFICATE IN LEADERSHIP (9
KIMEP CREDITS / 15 ECTS)

Required courses:
LDP3201	Leadership: Principles and Best Practices
LDP4201	Leadership: Making Principles Work
LDP4202	Leadership in Action

FIN2105 Business Microeconomics (3 Credits; 5 ECTS)

Prerequisites: None 

This is an introduction to microeconomic concepts and techniques (mathematical and statistical) that are useful
for business decision-making. The course begins by examining markets -the interaction of demand and supply. It
examines the determinants of demand, and the cost structures that underlie supply. It also looks at the dynamic
process of price adjustment. Next, various models of profit maximization are developed, under different
competitive assumptions. Finally, the course looks at strategic problems. While there is no prerequisite for
this course, the course moves quickly and develops an intermediate level of microeconomic theory.

 

FIN2106 Business Macroeconomics (3 Credits; 5 ECTS)

Prerequisites: None 

This is an introduction to macroeconomic concepts and techniques (mathematical and statistical) that are useful
for business decision-making. The course begins by developing Keynesian models of income determination and
multiplier effects. It moves quickly to the interaction of real and financial markets, and the process of income
determination and money creation. Emphasis is placed on predicting the impacts of fiscal and monetary policy.
Students will develop a computer simulation, and use the computer model to analyze policy variables. Finally,
the course introduces models of the open economy, and provides basic techniques for determination of spot and
forward exchange rates.

 

FIN3101 Financial Institutions and Markets (3 Credits; 5 ECTS)

Prerequisites: FIN2106 Business Macroeconomics

The course introduces topics such as the functions, organization, structure and regulation of financial
institutions and markets. Students also study the role and operations of financial markets and institutions in
the economy, supply and demand for funds, interest rate determination, monetary and fiscal policy, and flow of
funds analysis. In addition, the course analyzes basics of financial policies and operations of commercial banks
and other financial institutions as well as an overview of the globalization of financial markets and
institutions.

 

FIN3121 Principles of Finance (3 Credits; 5 ECTS)

Prerequisites: ACC2102 Financial Accounting I

This is an introductory course to the field of finance with a broad scope and emphasis on general principles.
The objective of the course is to introduce basic tools and techniques essential in understanding major theories
of Finance and making financial decisions. Students will learn basics of financial system, time value of money
and discounting, financial performance analysis, basics of capital budgeting, basics of stock and bond
valuation, and introduction to corporate finance.

 

FIN3200 Ethics in Finance (3 Credits ; 5 ECTS)

Prerequisites: FIN3121 Principles of Finance, FIN3101 Financial Institutions and Markets

This 2-credit course will examine issues in ethics that arise from a financial context.  We will begin with
ethical theories such as Kantianism, Utilitarianism, Virtue Ethics, Care Ethics, and Contract theory.  We will
then explore contemporary issues involving Corporate Governance, Corporate Social Responsibility, Corporate
Sustainability, Socially Responsible Investing and share holder activism, and Stakeholder Theory.  The course
will examine in detail major cases of financial fraud, e.g. Mad off, Enron, BTA Bank.  Finally, students will
prepare and present a business case in Kazakhstan dealing with financial ethics. Course materials will consist
of articles, research articles, business cases and notes, and The Code of Ethics and Standards of Professional
Conduct of the CFA Institute.

 

FIN3210 Corporate Finance (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

This is an intermediate business financial management course, combining theory and applications. The course
focuses on detailed look at capital budgeting methods including Net Present Value and Internal Rate of Return,
capital budgeting under uncertainty, risk and return analysis, financial planning and forecasting, dividend
policy, capital structure policy, working capital policy, and interactions of investment and financing
decisions.

 

FIN3220 Investments (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

This course introduces the foundations of portfolio theory, asset pricing, trading and valuing securities as
well as provides frameworks for investment analysis of various financial instruments. The course begins with an
introduction of the modern portfolio theory and then turns to asset valuation based on the capital asset pricing
model and arbitrage pricing theory. The two subsequent areas of study are valuation and analysis of fixed income
instruments and stocks. Overall, this course represents the minimal financial theory and necessary practical
tools with which an undergraduate student majoring in finance should be able to make meaningful investment
decisions and be prepared for advanced courses in investment management.

 

FIN3230 Financial Institutions Management (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

The course provides an analysis of the role of private financial intermediaries in providing financial services
to the public with a focus on the latest techniques of asset/liability and risk management in modern day
financial institutions. Other topics include the impact of recent regulations and the breakdown of geographic
barriers worldwide on the risks and opportunities to financial institutions. The impact of ethical,
technological and diversity issues affecting managerial decision making in financial intermediation is also
discussed.

 

FIN4211 Financial Modeling (3 Credits; 5 ECTS)

Prerequisites: FIN3220 Investments

This course will involve using spreadsheets to model financial transactions, perform valuations, and solve
complex financial problems from all areas of finance (equity, debt, and their derivatives). It will also involve
the use of financial functions and formulas, macros, and new programming in various financial applications.
Intermediate knowledge of any electronic spreadsheet (Microsoft Excel, Lotus, etc.) is required.

 

FIN4212 Mergers and Acquisitions (3 Credits; 5 ECTS)

Prerequisites: FIN3210 Corporate Finance

The course provides the key financial sources and instruments used for mergers and acquisitions (M&A) deals;
how to select the most appropriate type of financing – debt, equity, or a combination of the two; financing via
debt, bonds, and leases, and ways to borrow or lend; tactics considered in contracts, including contingent
payments, earn-outs, and equity kickers; how to determine when refinancing is necessary; how volatile global
events can affect economic systems and M&A financing and refinancing; debt/equity hybrids and other
financing methods.

 

FIN4214 Introduction to Financial Statement Analysis (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

The course objective is to teach students to accurately read and analyze financial statements of various
companies in a variety of industries. It examines the uses and misuses of financial statement data for a wide
range of financing decisions. The course analyzes various reporting options that affect income, assets, cash
flow forecasts, financial ratios, and trends; distinguishes between accounting rules and underlying economic
realities; and examines approaches that analysts can take when external reports do not reflect a firm’s
underlying economics. The course focuses on the pragmatic implications of corporate disclosures and
nondisclosures.

 

FIN4220 Real Estate Finance (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

This course provides a broad introduction to real estate finance. Project evaluation, financing strategies, and
capital markets issues related to real estate are covered. Other topics include real estate law, government
regulations of real estate uses, development and marketing of commercial and residential real estate.

 

FIN4221 Investment Banking (3 Credits; 5 ECTS)

Prerequisites: FIN3210 Corporate Finance

The course provides a study of investment banking activities, including their regulatory, institutional and
market environments, with extensive reference to the global marketplace. Students will learn the analysis of the
main investment banking services with emphasis on the mechanics and economics of the issuance process. Analysis
of the market for new issues and appraisal of their spread and price performance will be provided. Consideration
of ethical, technological and diversity issues in investment banking operations will be made.

 

FIN4224 Introduction to Financial Derivatives (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

This course offers an introduction to derivative markets. A derivative is an instrument whose value depends on
the values of other more basic underlying variables. This course focuses on financial derivatives. Emphasis is
placed on organization and role of put and call options markets, futures and forward markets, swaps markets, and
their interrelations. Major topics include arbitrage relations, valuation, hedging and speculating with
derivatives and implementation of derivatives trading strategies.

 

FIN4225 Fixed-Income Securities (3 Credits; 5 ECTS)

Prerequisites: FIN3220 Investments 

The course provides in-depth coverage, analysis, and guidance on analysis and management of fixed-income
securities. Topics include types and features of fixed income securities; risks and risk control strategies;
mortgage- backed and asset-backed securities; bond market indexes; bonds with embedded options; floating rate
securities; municipal bonds; fixed-income portfolio management; treasury securities; inflation-indexed bonds;
and interest rate derivatives and their applications.

 

FIN4231 Commercial Bank Management (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

 The course aims on understanding the field of banking from the perspectives of both a bank customer as
well as a bank manager. Topics include introduction to the business of banking; asset-liability management
techniques and hedging against interest rate and credit risk; managing the bank’s investment portfolio and
liquidity position; managing bank sources of funds; providing loans to businesses and consumers; the bank’s
organizational structure and service options; and developing a channel for future growth and expansion.

 

FIN4232 Risk Management (3 Credits; 5 ECTS)

Prerequisites: FIN4224 Introduction to Financial Derivatives

The course provides comprehensive analyses and insights in risk management including: overview of risk
management -from the history of risk management to the new regulatory and trading environment; a look at past
and present risk management; risk management program designs; techniques to organize the risk management
function; develop a system to cover organizations exposures; and risk management implementation including the
use of the myriad systems to derive value at risk (VaR), stress-testing, and derivatives for measuring and
hedging risk in today’s marketplace.

 

FIN4235 International Financial Management (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

This course covers principles and applications of managerial finance in an international context. Particular
emphasis is placed on financial management of multinational business. Major topics include analysis of
opportunities, risks and problems unique to businesses involved in multinational operations, international
financial environment, international sources and uses of funds, foreign exchange risk management, and managing
international assets, liabilities, and securities.

 

FIN4240 Security Analysis and Portfolio Management (3 Credits; 5 ECTS)

Prerequisites: FIN3220 Investments

This is an advanced investment course designed to expand knowledge acquired in the introductory investment
course. The course provides thorough analysis of security valuation techniques and systematic portfolio
management. The topics include the processes and principles of financial valuation, valuation models and
components, valuation of debt, equity and other securities, portfolio construction and analysis, strategic
management of various classes of assets, and portfolio applications and portfolio evaluation.

 

FIN4241 Case Studies in Finance (3 Credits; 5 ECTS)

Prerequisites: FIN3210 Corporate Finance, FIN3220 Investments, FIN3230 Financial Institutions
Management and 90 credits completed

The course offers various advanced case studies on practical problems in planning, procuring, and maintaining
optimum distribution and utilization of financial resources of business entities. Topics of case studies will
vary depending on the interests of students, and the course instructor.

 

FIN4242 Selected Topics in Finance (3 Credits; 5 ECTS)

Prerequisite: FIN3210 Corporate Finance, FIN3220 Investments, FIN3230 Financial Institutions
Management 

The course examines particular issues and contemporary subject areas in Finance at an advanced level. Selection
of topics depends on students and instructors preferences.

 

FIN4246 Insurance (3 Credits; 5 ECTS)

Prerequisites: FIN3121 Principles of Finance, FIN3101 Financial Institutions and Markets

This course explores the principles of risk management and insurance. The course provides an understanding of
the foundations, applications and selection of insurance. Fundamentals of life and health insurance as well as
property and liability insurance will be included. Enterprise risk management for corporations, financial risk
management, overview of employee benefits, and strategic policies to mitigate risk will also be covered. The
student will also learn insurance relations, rules and regulation in Kazakhstan in this course.

 

FIN4247 Financial Regulations and Supervision (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

Financial regulation and supervision course focuses on the public regulation of the financial markets and
financial intermediaries – topics of high relevance in today’s environment of ongoing transformation of the way
financial markets are regulated. The course aims to develop students’ understanding of theory and practice of
regulation and supervision of financial markets. After introducing the general principles of effective
regulation and supervision of financial markets and institutions, the course is broadly split into three main
parts focusing on the following key areas: Regulation of securities markets, Regulation and supervision of
financial institutions and financial regulation and supervision in Kazakhstan.

 

FIN4248 Islamic Banking and Finance (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

The ongoing turbulence and crises in the modern financial system has drawn attention towards an alternative
system of financial intermediation, Islamic banking and finance. The objective of this course is to introduce
students to the alternative banking practices and financial market operations which are based on the Shari’ah
principles. Major topics include the fundamental Muslim beliefs, Shari’ah objectives, sources of Shari’ah rules
and role of Shari’ah boards in supervision of banking and financial market practices, difference between
conventional and Islamic banking, prohibition of riba and rationale of Islamic banking, key principles of
Islamic banking and investment, the basic Shari’ah rules for economic and financial transactions, conventional
and Islamic modes of financing: murabaha, mudaraba, musharaka, ijara, istisna’a and salam, the problems of moral
hazards and adverse selection in Islamic finance and conventional versus Islamic (Takaful) insurance.

 

FIN4250 Personal and Entrepreneurial Finance (3 Credits; 5 ECTS)

Prerequisites: FIN3101 Financial Institutions and Markets, FIN3121 Principles of
Finance

This course focuses on the analysis of the problems involved in efficient handling of personal finance. Also, an
opportunity to run a business is deeply explored during the course. Topics include: time value calculations,
budgeting, career planning, banking, insurance, home buying, consumer credits and money management, investment
planning, retirement planning, and estate planning. Besides that, the course focuses on efficient business
planning. The course is useful and interesting for those whose major specialization is finance as well as for
those who do not major in finance.

 

FIN4275 Thesis (2 Credits; 4 ECTS )

Prerequisites: completion of the General Education and Program courses

A thesis is a research work on a topic that is in the area of Finance. Students will be supervised by faculty
members in the process. Further details on thesis requirements are provided under the KIMEP University
regulations on this matter.

 

FIN4277 State Examination (1 Credit; 3 ECTS)

Prerequisites: completion of the General Education and Program courses

Students are required to take the state examination in Finance. Further details on this requirement are provided
under the KIMEP University regulations on this matter.

 

FIN4280/FIN4290 State Specialized Examinations (2 credits; 4 ECTS) 

Prerequisites: completion of the General Education and Program courses

Students can take state specialized examinations under certain conditions. Further details on this requirement
are provided under the KIMEP University regulations on this matter.

 

FIN4251.2 Internship Program in Finance II (2 Credits; 2 ECTS)

Prerequisites:70 KIMEP credits and  BUS4251.1 Internship Program I

Familiarization with the organizational structure of the internship host-organization, with the area of its
activities; learning mode of operation of the organization;   learning the organizational documents of the
organization; acquiring the skills of collecting and processing of primary information in the field of finance;
carrying out a comparative analysis of the organization; identifying gaps and suggesting the ways to improve the
development of the organization.

 

FIN4241.2 Case Studies in Finance (substitute) (2 Credits; 2 ECTS)

Prerequisites: BUS4251.1 Internship Program I and 70 credits completed

The course offers various advanced case studies on practical problems in planning, procuring, and maintaining
optimum distribution and utilization of financial resources of business entities. Topics of case studies will
vary depending on the interests of students, and the course instructor.

 

FIN4251.3 Internship Program in Finance III (3 Credits; 5 ECTS)

Prerequisites: FIN4251.2 Internship Program in Finance II or FIN4241.2 Case Studies in Finance
(substitute)

The consolidation and intensification of theoretical knowledge and skills acquired by students through the
process of theoretical learning; the formation of professional competence; the familiarization with
real industrial, technological, and organizational processes going on at the place of internship; the mastering
of the profession’s basics  in the operational sphere: the familiarization with and acquirement of the
methodology and technology of professional problem-solving; the collection of the necessary for the preparation
and compilation of the internship report materials. Bases of internship are organizations related to careers in
Finance.

Scholarship opportunities
There are many opportunities for merit-based scholarships for Kazakhstani and international students.
While studying at KIMEP University, students may also apply for part-time positions available on the University
campus.
Contact the Office of Financial
Aid, if you would like to apply for scholarship.

Information about grants and
financial support

Tuition & Fees