Financial Management and Control
Contrary to what many people think, the 2008 financial meltdown stills casts a heady shadow over our financial system. The business world is lacking in control management, risk management and consumer confidence. The MFMC programme will therefore, provide you with the necessary financial tools and instruments to improve and develop the financial world. After completing the Master of Financial Management and Control (FMC) you will be fully equipped to kick-start your career in the financial sector and, ultimately, land a job at CFO level.
The MFMC comprises three pillars. Firstly you will scrutinise anything and everything that has to do with finance: from financing start-ups to acquisition for existing companies. The FMC will train you to have all the traits of a prospective CFO, making the second pillar of management a crucial one. Lastly, we focus on control systems as found in corporate governance, asking questions like “how can you devise an efficient data system” or “how does the use of soft control systems encourage consumer confidence?”
The FMC programme consists of four terms. Full-time students start the programme during the first week of September and complete it the following August. Students will follow five classes during the first three terms, with lectures from Monday till Friday (lecture hours vary), and during the fourth term, students will complete their thesis project and won’t have any other classes during that period.
All FMC theory is specifically designed to make you an international financial expert in the new economic environment. Many of our students come from outside of Europe, and have a completely different approach when it comes to management. Consequently the first few terms, we will place extra attention on western management philosophy. Moreover, aside from the standard themes such as Financial Accounting and Organisational Behaviour and Leadership, we also pay close attention to Big Data techniques. Companies from all around the world are sitting on a gold mine of information, ready to be analysed by FMC graduates.
Merging together theory and practice, FMC students also follow a range of practical courses to boost their professional skills. And to further nourish your enthusiasm we will visit a number of international companies to see first-hand how these international companies are tackling today’s financial issues.
The final step will be to write your Master thesis. Many will cringe at hearing that dreadful six-letter word, but not FMC students. While the thesis writing process can be a difficult and draining process, many of the FMC students use it as a springboard to their career. Students usually write their thesis for an existing company, that introduce a financial issue they are struggling with. One success story was an FMC student who, wrote her thesis on the advantages of Bitcoin. Her sponsor company was so impressed they eventually reintroduced Bitcoin as a payment method.
Į magistro studijų programas gali stoti visi, baigę universitetą arba besimokantys paskutiniame kurse. Studijos kurias baigei ar tebesimokai turi būti panašios krypties kaip ir tos, į kurias nori stoti, kadangi priėmimas yra paremtas ECTS kreditų suderinamumu.
- ECTS kreditų išrašas - jei dar nesi baigęs aukštosios mokyklos, būtina prisegti ECTS kreditų išrašą, kuriame būtų matyti, kokius dalykus Tu mokeisi bei kokius pažymius ir kiek kreditų už juos gavai. Kai siunti anketą paskutiniame kurse, diplomą reikia prisegti vėliau, kai tik jį gausi.
- Bakalauro diplomas – jei jau esi baigęs aukštąją mokyklą, išrašo nereikia, užtenka prie anketos prisegti savo Bakalauro diplomą.
Anglų kalbos žinias gali patvirtinti vienu iš šių būdų (kokio balo reikalauja tavo pasirinkta programa rasi prie programos stojimo reikalavimų):
- IELTS
- TOEFL
If you can answer ‘yes’ to these questions you have the right credentials:
- Are you 22 years old or over?
- Do you have a minimum of two years relevant professional or managerial experience?
- Do you have a degree from a recognised University (or institute of higher education equivalent) in either Business Studies or in a subject with a business emphasis?
GMAT
You’ll also need a score of 450 or above, on the Graduate Management Admissions Test (GMAT). To do well, it takes at least 2 months of preparation.
It costs about $250. You can take the test at a Sylvan Test Centre (see www.ets.org or e-mail gmat@ets.org). Or find out more about GMAT at www.gmat.org.
TOEFL- or IELTS-test
In order to make sure that you have an adequate command of the English language you will have to pass a test. These are the so-called TOEFL- (www.toefl.org) or IELTS-(www.ielts.org) tests. If the language of instruction during your previous education was/is English or if you are a European Union-national with English as subject during your previous education, you are not required to take a TOEFL- or IELTS-test.
- TOEFL Internet Based - 80
- IELTS 6.0
After graduating from the THUAS’ FMC programme you will receive a Master of Science degree (MSc).
The FMC programme has been accredited by the NVAO (accreditation organisation for higher education in the Netherlands and Belgium) in 2012. Our Master’s proves to be an excellent basis for you to obtain your accountant’s degree and become a Certified Chartered Accountant.
After graduating, motivated people can rise to the top and make lasting, positive contributions to business. They may accept jobs with large corporations, but just as often take jobs with small or mid-size companies and non-profit organisations.
Other career options include consulting positions or entrepreneurship.
