Finance and Risk Management

Assoc. Silviu Ursu, PhD
Assoc. Iulian Ihnatov, PhD

Previous compulsory courses
Quantitative methods or an equivalent course – Statistics, Econometrics, Research Methods, Calculus, Mathematics, Statistical Methods, Data Analysis.

Admission criteria:  
• 60% – grade of Bachelor exam;
• 40% – grade for CV & Letter of Intent (written in English).

The candidates should prove their English skills, in one of the following ways:
• by holding a certificate issued by an entity which is recognized by the Romanian Ministry of Education, OR
• by passing an on-site English test during admission period.

Additional selection criteria:
1. Category of university where the candidate graduated Bachelor studies;
2. Average grade of Bachelor studies.


  • Compulsory courses
    Financial Markets and Instruments
    Research Methods in Economics and Business
    Financial Reporting and Analysis
    Financial Decisions and Corporate Strategy
    Advanced Mathematics for Economics
    Financial Econometrics
    Electives – two courses from
    Programming and Databases
    Quantitative Methods in Finance and Risk Management
    Organization Theory and Design
    Information Systems and Business Processes
    Electives – two courses from
    Monetary and Financial Macroeconomics
    Microeconomics of Financial Institutions
    International Financial Management
    Fundamentals of Risk Measurement
    The educational plan is valid for the first year of study (2018/2019)
  • Compulsory courses
    Research Methods in Finance
    Advanced Topics in Bank Risk Management
    Master’s Thesis Preparation
    Electives – one course from
    Governance and Regulation
    Institutional and Personal Investment
    Electives – four course from
    Corporate Valuation
    Responsible Finance and Investing
    Portfolio Theory
    Theory of Corporate Finance
    Derivative Instruments
    Banking, Insurance and Risk Management
    Credit Risk Management
    Business Ethics
    Market Risk Management
    Taxes and Business Strategy
    Operational Risk Management
    The educational plan is valid for the 2nd year of study (2018/2019)

Finance and Risk Management (FRM) is the International Double-Degree Master’s Programme in English of Alexandru Ioan Cuza University of Iași created within the strategic partnership with top European universities – University of Groningen, University of Applied Sciences bfi Vienna, University of Bologna and University of Economics in Katowice.

You will choose FRM if you want to:

    • Join an international class and enhance your academic capability with renowned professors from world-class universities with international accreditation (AACSB, EQUIS) and top practitioners certified by global associations in finance and risk management (CFA and PRMIA);
    • Gain advanced knowledge of financial theory and research methods and develop the academic skills to design solutions for real and complex financial and risk management problems;
    • Acquire a comprehensive toolkit of highly practical skills for a successful career in investment management, security analysis, corporate restructuring, corporate planning and consultancy, or trading and risk management.