7M04101 - "Finance" (research and pedagogical direction) is developed for training personnel for the system of higher, postgraduate education and scientific sphere, who possess profound research and pedagogical training in the field of finance.

The goal of the training program 7M04101 - "Finance" (research and pedagogical direction) is to train highly qualified specialists with critical and analytical thinking, in-depth knowledge in the field of financial economics, econometrics, financial analysis and risk management, who are able to predict and model financial processes, attract investments and manage assets.

The educational program is designed in such a way that it can be adapted to the individual needs of each individual student within the framework of educational standards.

Studying for a master's degree implies a greater degree of independence for the student, and research work is reflected in his publications, reports and final scientific work, which allows you to expand your scientific horizons, develop analytical thinking and improve the skills of independent research work

Features of the educational program:

- The opportunity to practice in the largest banks, leading financial, investment, industrial and consulting companies.

- Mastering by undergraduates of scientific research and experimental methods of observation and analysis of economic processes and phenomena.

- This program will be of interest to those who are interested in studying quantitative methods in finance, focused on the use of modern approaches to the study of financial economics in professional and research activities.

- Training involves conducting scientific research in the field of finance and credit, focused on the development of modern scientific schools, as well as close ties with the academic community and the business environment.

- In the course of their studies, masters have the opportunity to attend many master classes on topical applied financial problems from professionals, conducted both in the form of traditional interactive meetings with case analysis to business games and workshops.


The main objectives of the training program

7M04101 - "Finance" (research and pedagogical direction) are:

Profound theoretical and practical training in the chosen direction of science and pedagogical activity;

Training of specialists with a high level of professional culture, including the culture of professional communication, having a civil position, able to formulate and solve contemporary research and practical problems; teach at universities, successfully carry out organizational and managerial, economic, research, design and educational activities; obtaining the necessary minimum knowledge in the field of university pedagogy and psychology and teaching experience at the university

Development of creative potential, initiative and innovation, competitiveness of masters in the labor market, providing an opportunity for the best employment in a specialty;

Developing students' ability to self-improvement and self-development, needs and skills of independent creative mastery of new knowledge throughout their active life.

Key competencies in the training program

7M04101 – "Finance" (research and pedagogical direction):

TThe ability to demonstrate knowledge in the field of history and philosophy of science, to know the basic concepts of philosophy of science, methods and techniques of logical analysis;

Ability to demonstrate knowledge in the field of higher school didactics, skills of conducting classes in higher school;

Ability to demonstrate knowledge in the field of psychology of the subject of managerial activity, as well as skills and abilities of managerial activity;

The ability to integrate into the international professional environment and use a professional foreign language as a means of intercultural, scientific and professional communication;

The ability to apply innovative technologies, methods of modern analysis of economic processes in setting and solving economic problems and analyzing micro-macroeconomic indicators, apply modern communication and information technologies, carry out professional and research activities;

The ability to understand the current state of the economic, political, legal and technological environment of the global business partnership, to know international financial markets and instruments;

Ability to create new values, make creative decisions, tolerance; to cooperate with other enterprises and organizations at the international level;

The ability to apply knowledge in solving problems in new or unfamiliar situations in contexts and within broader (or interdisciplinary) areas related to finance, monetary sphere, analyze trends in the international financial market conjuncture, demonstrate knowledge and understanding that are the basis or opportunity for the original development and application of ideas in the field of finance;

The ability to be able to develop curricula for teaching financial disciplines in higher educational institutions, educational and methodological materials to ensure the process of teaching financial disciplines, to use modern educational technologies in the teaching process;

The ability to analyze the main ideological and methodological problems, including interdisciplinary ones, studied in science at the present stage of its development, and use the results in professional activity, the ability to expand and deepen the knowledge necessary for everyday professional activity and continuing education in doctoral studies.

Types of professional activity

Analytical;

Production and management;

Organizational and management;

Research (scientific and pedagogical direction);

Pedagogical (research and pedagogical direction);

Experimental research (profile direction).

Employability prospects for specialists

A graduate of the training program 7m04101 - “finance” (research and pedagogical direction) has employment opportunities in such organizations and institutions as: research, design organizations (as scientific employees, chief specialist, design engineer, head of department), domestic and international business structures, consulting and financial companies, organizations of the real and state sectors of the economy (as financial director, director of the retail creation department director of the department of banking risks, senior tax consultant, pr specialist, field sales supervisor (supervisor in a large foreign company), it financial manager), technical and vocational education, universities;


SKILLS AND COMPETENCIES

Acquisition of methods of analysis and management of financial and business risks, the cost and structure of capital, methods of managing financing of current activities at an enterprise

Financial management for asset valuation, working capital management, financing decisions, dividend policy and capital structure

Competence in the field of statistical modeling of economic problems, analysis of economic phenomena and processes applying standard theoretical and econometric models

Ability to choose ways to improve functioning of financial and credit system with application of fiscal measures and monetary policy

Management and research of information to assess results and effectiveness of financial activities of companies of various legal forms

Research and methodological training to integrate technology and translation of experience to enhance students’ cognitive activity


SPEAKERS AND MENTORS

Bokusheva Svetlana

Finance accountant with experience in managing the financial and credit department, chief accountant and deputy director of the regional branch of the second-tier banks

Abdijapparov Aidar

Master, Sales Manager at Al Hilal Bank

Kenzhebekov Nurbol

Financial Analyst, Head of the Large and Medium-Sized Business Lending Sector JSC "Bank Centercredit"

Kumarbekov Diaz

Business Analyst, Financial Advisor, Graduated from KBTU, Almaty, BSc Economics, University of Essex, Colchester, England, MSc Applied Economics and Data Analysis





OUR PARTNERS

JSC "Insurance Company" Centras Insurance"

JSC "Freedom Finance"

JSC "Kaspi bank"

JSC "Tsesnabank"

JSC "People's Bank of Kazakhstan"

JSC "IC" Eurasia"

Microfinance Organization "KMF"

JSC "Housing Construction Savings Bank of Kazakhstan"

Department of State Revenues for the City of Shymkent

JSC "Eurasian Bank"







EMPLOYMENT

Banks

Leasing companies

Mortgage Companies

Pension funds

Pawnshops

Microcredit organizations

Insurance companies

Government bodies

Universities

Research institutes

CAREER & INCOME

Financial Manager — from 150 000 to 200 000 KZT

Investment or financial advisor — from 150 000 to 200 000 KZT

Financial analyst — from 210 000 to 250 000 KZT

Risk manager — from 210 000 to 250 000 KZT

Auditor — from 210 000 to 250 000 KZT

CFO — from 300 000 KZT

ADMISSION

Second higher education

  • Documents:
    Diploma, ID
  • Entrance tests:
    Comprehensive testing
• Apply for admission •• Request a call back •
  Agabekova Sholpan Nurtazaevna
  Shinet Gulzada Galymkyzy
  Myrzalieva Gulmira Askanbekovna
  Stasenko Olga Alekseevna

Typical curriculum of the educational program 7М04202 - Jurisprudence

Name of disciplines Cycle of disciplines ECTS Brief description of the disciplines
History and Philosophy of Science
BD3Issues under study: the subject and basic concepts of modern philosophy of science; science in the culture of modern civilization; the emergence of science and the main stages of its historical evolution; the structure of scientific knowledge; the dynamics of science as a process of generating new knowledge; scientific traditions and scientific revolutions, historical types of scientific rationality; features of the modern stage of science development; prospects of scientific progress; science as a social institution; natural sciences in the structure of modern scientific knowledge; history of pedagogical science. Formed competencies: knowledge of the main features of science as a special type of knowledge, activity and social institution; knowledge of the main historical stages of the development of science and the variety of scientific method; ability to navigate the main ideological and methodological problems arising at the present stage of the development of science; possession of the terminological apparatus of the philosophy of science; possession of methods and techniques of logical analysis.
International Economy
BD5Issues under study: international accounting; risk sharing and business cycles; international monetary economy; risk sharing and incomplete markets; exchange rates and international investments; global capital market; public debt and sovereign risk; financial stability; macro/microprudential policy. Formed competencies: mastering the skills to analyze and use models for determining and trading the exchange rate, models of international flows and investment decisions.
Foreign language (professional)
BD3Issues under study: grammatical material, special vocabulary, terminological material; educational material corresponding to the main disciplines of the specialty; reading, speaking, listening and writing in the professional sphere. Formed competencies: mastering the skills of intercultural and communicative competencies of students; integration into the international professional environment; the use of a professional foreign language as a means of intercultural, scientific and professional communication.
Pedagogy in Higher Education
BD5Issues under study: higher school pedagogy as a science, its methodological foundations; general theoretical foundations of higher school didactics; professional and communicative competence of a higher school teacher; driving forces and principles of teaching in higher school; the content of higher education; modern educational technologies in higher school; higher school as a social institution of education and personality formation; the essence of education in higher school. Formed competencies: knowledge of the basics of teaching in higher school; forms, methods, educational technologies and specifics of professional and pedagogical activity of a university teacher; knowledge of forms and methods of conducting classes in higher school.
Microeconomics (advanced level)
BD5Issues under study: the theory of consumer and producer behavior in conditions of certainty, consumer choice in conditions of uncertainty, general and partial economic equilibrium, monopoly and oligopoly, external effects and public goods, market fiasco, problems of asymmetric information. Formed competencies: skills of applying microeconomic analysis; skills of building microeconomic models, interpreting and using the results obtained.
Macroeconomics (advanced level)
BD5Issues under study: the equilibrium of the commodity market; the impact of fiscal and monetary policy instruments; macroeconomic equilibrium and policy in a closed and open economy; conditions for full market adjustment, violations of the mechanism; aggregate supply and demand at flexible prices; the positive slope of SRAS; problems of conducting macroeconomic demand policy, neoclassical growth models. Formed competencies: mastering the skills of macroeconomic modeling
Financial econometrics
BD5Issues under study: statistical characteristics of financial data; classical linear regression model; predictability of returns in financial markets; volatility estimation models; asset pricing models; modeling of multidimensional time series. Formed competencies: mastering asset management skills by applying the methodology of financial and econometric research; skills in choosing an adequate econometric model; skills in data analysis using econometric software; interpretation of the results obtained.
Forecasting in Economics and Finance
BD5Issues under study: sources of economic and financial data and external forecasts; data collection and preparation, deviations, seasonal regulation, measures of forecasting efficiency; econometrics models; vector autoregression; Bayesian vector autoregression; machine learning techniques; forecasting scenario consequences of forecasts for policy. Formed competencies: formation of financial forecasting skills through econometric modeling and interpretation of results.
Theories of international trade and development
BD5Issues under study: classical trade theory based on the comparative advantages of countries trade theory; trade theory with monopolistic competition; theory of offshoring; multinational corporations; the influence of international ethnic networks on trade; the impact of trade on the hostility of countries, institutions and culture on economic development. Emerging competencies: skills in identifying factors that stimulate international trade and inequality, data analysis in trade and development.
Research work of a master's student, including the implementation of a master's thesis, conducted without interruption from theoretical training
Additional cycle of disciplines4Issues under study: scientific research; practice in the form of research of a real object, based on the approved research topic and the topic of the master's thesis. Formed competencies: formation of skills to implement scientific research; solve tasks; select information sources on the topic of work; conduct analytical work to identify practically significant moments.
Psychology of Management
BD5Issues under study: psychology of management in the system of scientific knowledge; basic approaches to the study of the management system; individual professional concept of the head; managerial interaction and decision-making process as an aspect of managerial activity; psychological features of the implementation of the main managerial functions; psychology of the subject of managerial activity; psychology of individual management styles. Formed competencies: knowledge of the psychological content of managerial activity, the individual managerial concept of the head, the theoretical foundations of managerial interaction, the psychological features of the implementation of the main managerial functions, the psychology of the subject of managerial activity; knowledge of the methods of psychological research in the field of managerial activity and interaction.
Financial economics
PD5Issues under study: the role of innovation; mathematical methods and computer technologies in the financial economy; financial crises; exotic options; structured products; hybrid securities; banking; risk management, assets; credit derivatives, bonds, insurance problems; company valuation, M&A; attracting venture capital. Formed competencies: mastering the skills of independent research of events in the financial markets and their impact on the economy.
Evaluation of companies in mergers and acquisitions
PD4Issues under study: mergers and acquisitions as strategic investments of a company: concepts, classification, motives, effects, risks; evaluation of the effectiveness of mergers and acquisitions; organization of mergers and acquisitions; methods of integration of companies and evaluation of their effectiveness; methods of financing mergers and acquisitions; restructuring of companies and evaluation of its effectiveness. Formed competencies: the ability to evaluate the effectiveness of mergers and acquisitions of various types; the ability to determine the factors influencing decisions on business restructuring; mastering the skills of assessing the value of a united company and building a financial model of a merger transaction.
Direct investment and venture capital
PD5Issues under study: direct investment; organization of a PE fund; selection of projects and entry strategies; evaluation of PE and VC investments; return of funds, structuring of PE transactions; increasing the value of portfolio company management, withdrawal of PE assets. Formed competencies: mastering asset management skills by analyzing the effectiveness of PE and VC, selecting transactions, evaluating PE investments, structuring PE transactions.
Debt financial instruments
PD5Issues under study: short-term and long-term debt financial instruments; exchange-traded, over-the-counter derivatives; review of bond instruments, valuation of fixed-income securities; risks associated with investing in bonds; science of the structure of term interest rate models; evaluation of derivative interest rates. Emerging competencies: mastering the skills of risk assessment by analyzing pricing methods and trading strategies for derivative products.
Investment analysis (advanced level)
PD3Issues under study: evaluation of applications, dividend discount model; application of free cash flows; multiplication methods; residual value of venture capital; financial modeling/forecasting; credit analysis; analysis of financial statements of companies; financial model of companies; screening of investment ideas in financial organizations. Formed competencies: mastering asset management skills by building a basic integrated model for evaluating the company, performing a credit analysis of the company.
Research work of a master's student, including the implementation of a master's thesis [UA] 1
Additional cycle of disciplines4Issues under study: scientific research; practice in the form of research of a real object, based on the approved research topic and the topic of the master's thesis. Formed competencies: formation of skills to implement scientific research; solve tasks; select information sources on the topic of work; conduct analytical work to identify practically significant moments.
Research work of a master's student (scientific internship)
Additional cycle of disciplines4Issues under study: scientific research; practice in the form of research of a real object, based on the approved research topic and the topic of the master's thesis. Formed competencies: formation of skills to implement scientific research; solve tasks; select information sources on the topic of work; conduct analytical work to identify practically significant moments.
Pedagogical Practice
BD4Familiarity with the specific conditions of professional pedagogical activity. Formation of professional skills and acquisition of experience in professional pedagogical activity; mastering the basics of pedagogical skills; strengthening motivation for pedagogical creativity in higher education.
Modern banking services and Islamic banking
PD5Issues under study: the economic content of the market of modern banking services; the life cycle of new banking services; remote service system services and their risks; adaptive possibilities of using Islamic banking products; attracting financial resources through the development of Islamic banking. Emerging competencies: demonstrating the ability to manage assets by analyzing and using the potential of second-tier banks and Islamic banking in solving urgent problems of economic development.
Advanced methods in business research
PD5Issues under study: economic modeling of marketing research; strategic management; personnel management: clustering and factor analysis, parametric and nonparametric methods, endogeneity and approaches to achieve consistency; structural models, panel data analysis. Formed competencies: skills of applying advanced business research methods, interpreting the results of evaluation and analysis, presenting the results to scientists and business.
Options, futures and other derivative financial instruments
PD6Issues under study: derivative financial instruments; financial engineering; the use of methods of probability theory and financial mathematics; classical exchange and over-the-counter FIUs (forward, futures, swap); trading strategies using options; FIU applications. Formed competencies: demonstration of the ability to manage assets by using the FIU in financial management and investment analysis; skills in analyzing and modeling financial situations using the FIU
Insurance models and actuarial calculations
PD6Issues under study: actuarial mathematics; justification of the existing insurance system; models of individual risks; models of short-term and long-term life insurance; principles of reinsurance; models of the theory of risk in insurance. Formed competencies: mastering the skills of applying the theory of decision-making in conditions of uncertainty and probabilistic modeling of cash flows for modeling financial systems; mastering the skills to apply the methodology for calculating insurance tariff rates.
Research work of a master's student, including the implementation of a master's thesis, conducted without interruption from theoretical training
Additional cycle of disciplines10Issues under study: scientific research; practice in the form of research of a real object, based on the approved research topic and the topic of the master's thesis. Formed competencies: formation of skills to implement scientific research; solve tasks; select information sources on the topic of work; conduct analytical work to identify practically significant moments.
Theory and practice of taxation
PD4Issues under study: higher school pedagogy as a science, its methodological foundations; general theoretical foundations of higher school didactics; professional and communicative competence of a higher school teacher; driving forces and principles of teaching in higher school; the content of higher education; modern educational technologies in higher school; higher school as a social institution of education and personality formation; the essence of education in higher school. Formed competencies: knowledge of the basics of teaching in higher school; forms, methods, educational technologies and specifics of professional and pedagogical activity of a university teacher; knowledge of forms and methods of conducting classes in higher school.
Research Practics
PD16The purpose of research practice is to deepen and consolidate the knowledge, skills and abilities acquired during the development of professional training disciplines by focusing on the main areas of scientific research.
Design and Protection of the Master's Thesis
Additional cycle of disciplines8The purpose of the preparation and defense of the master's thesis is to achieve the necessary knowledge, skills and abilities in the organization and conduct of research work
Research work of a master's student, including the implementation of a master's thesis [UA] 2
Additional cycle of disciplines2Issues under study: scientific research; practice in the form of research of a real object, based on the approved research topic and the topic of the master's thesis. Formed competencies: formation of skills to implement scientific research; solve tasks; select information sources on the topic of work; conduct analytical work to identify practically significant moments.