Complete Guide to Studying Finance and Economics Major in Turkish Universities
What is the Finance and Economics Major?
Finance and Economics major primarily deals with the study, analysis, and forecasting of economic activity and the effective management of financial resources.
What is Financial Economics?
Financial economics is a branch of economics that focuses on the study of financial systems, financial markets, capital allocation, and risk management.
Overview of the Finance and Economics Major
History of Finance and Economics Major in Turkey
The finance and economics major emerged in Turkish universities in the modern era, especially in the 20th century.
Number of Students Studying Finance and Economics in Turkey
It is estimated that the number of students studying finance and economics in Turkey ranges between 50,000 and 100,000.
Advantages of Studying Finance and Economics in Turkey
– Diverse and Advanced Programs: Turkish universities offer a variety of advanced study programs in finance and economics.
– Practical Learning Opportunities: Opportunities for practical learning through training courses and workshops.
– Employment Opportunities: Availability of job opportunities in the Turkish and global financial markets after graduation.
– Networking Opportunities: Opportunities to connect with experts and professionals in finance and economics through courses and conferences.
– Skill Development: Students can acquire essential skills in financial analysis, risk assessment, and investment decision-making.
– Access to Resources: Access to scientific and technical resources available in Turkish universities.
Is Studying Finance and Economics in Turkey Affordable?
The cost of studying finance and economics in Turkey is moderate compared to other countries. The cost varies between public and private universities.
Turkish universities offer low tuition fees with high-quality education and internationally recognized degrees.
For comprehensive information about the cost of studying economics and finance, contact us at Alemni Shokran.
Admission Requirements for Finance and Economics in Turkey
Undergraduate Requirements
– High school diploma or equivalent.
– Passing the university’s admission exam.
– Proof of proficiency in Turkish or English, depending on the language of instruction, through exams like TOEFL, IELTS, or YDS.
– Passport copy and personal photos.
Master’s Program Requirements
– Degree: A bachelor’s degree in a related field such as finance, economics, business administration, mathematics, or statistics.
– GPA: A minimum GPA of 2.5 out of 4.0.
– Language Proficiency: Proficiency in the language of instruction (English or Turkish). Acceptable exams include:
– TOEFL: Minimum score of 80.
– IELTS: Minimum score of 6.5.
– YÖS: For programs taught in Turkish.
– Statement of Purpose: A letter explaining the applicant’s motivation and relevant skills and experiences.
– Resume: Detailed CV outlining education, work experience, and achievements.
– Recommendation Letters: Some universities require letters of recommendation from previous professors or supervisors.
PhD Program Requirements
– Master’s Degree: A master’s degree in finance and economics or a related field from a recognized university.
– GPA: Minimum GPA of 3.0 out of 4.0 in the master’s program.
– Admission Exams: Some universities require passing specific PhD admission exams like ALES, GRE, or GMAT.
– Language Proficiency: Proof of proficiency in the language of instruction. This can be demonstrated through exams like IELTS or TOEFL for English programs, or YÖS for Turkish programs.
– Resume: Detailed CV in English or Turkish.
– Statement of Purpose: A letter explaining the applicant’s goals for pursuing a PhD.
– Recommendation Letters: Two or three letters of recommendation from professors.
– Passport: Copy of the passport.
– Photos: Recent personal photos.
For detailed admission requirements, contact us at Alemni Shokran.
Duration and Curriculum for Finance and Economics Degrees in Turkey
Bachelor’s Degree
– Duration: Four academic years, consisting of eight semesters, each lasting 18 weeks.
– Core Courses:
– Principles of Microeconomics
– Principles of Macroeconomics
– Financial Accounting
– Basic Finance
– Applied Statistics
– Mathematics for Finance
Specialized Courses:
– Corporate Finance
– Stock Investments
– Behavioral Finance
– International Finance
– Real Estate Finance
– Business Law
– Business Ethics
Master’s Degree
– Duration: Typically between two and three years, depending on the program requirements.
– Core Courses:
– Advanced Microeconomics and Macroeconomics
– Monetary and Financial Theory and Policies
– Financial Analysis and Investments
– Financial Risk Management
– International Finance and Financial Globalization
– Econometrics and Financial Modeling
– Cost Accounting and Advanced Financial Accounting
– Project and Investment Management
– Advanced Economic Theories
– Labor Economics and Development
– Advanced Financial Statement Analysis
– Financial Engineering and Portfolio Management
– International Finance and Global Financial Markets
– Accounting Information Systems and Auditing
– Applied Research Methodology
PhD Degree
– Duration: Generally four years.
– Core Courses:
– Microeconomic Theory
– Financial Economics
– International Economics
– Research Methodology in Economics and Finance
– Corporate Finance
– Quantitative Financial Analysis
– Islamic Economics
Career Opportunities for Finance and Economics Graduates
Bachelor’s Degree Graduates
– Financial Sector:
– Banks: Various departments like finance, retail banking, and corporate banking.
– Insurance Companies: Life insurance, property insurance, and health insurance departments.
– Securities Companies: Trading, portfolio management, and financial research departments.
– Private Sector:
– Companies: Finance, strategic planning, and marketing departments.
– Accounting and Auditing Firms: Accountants or auditors.
– Management Consulting Firms: Management consultants.
– Public Sector:
– Ministry of Finance: Budget, tax, and investment management departments.
Master’s and PhD Graduates
– Financial Analyst: Analyze financial data to evaluate company performance and make investment decisions.
– Portfolio Manager: Manage investment portfolios for clients.
– Risk Analyst: Assess and develop strategies to mitigate financial risks.– Financial Consultant: Provide financial advice on various topics like investment and wealth management.
– Customer Relations Manager: Build relationships with clients and offer financial products and services.
– Economic Analyst: Analyze economic data to advise governments on economic policies.
– Financial Expert: Advise the government on budget, investments, and financial operations.
– Auditor: Audit government financial data.
– Financial Planner: Plan government budgets and oversee their implementation.
– Economic Researcher: Conduct economic research related to government work.
– Project Manager: Manage specific projects for non-profit organizations.
Languages Available for Studying Finance and Economics in Turkey
– Turkish: The primary language for most programs.
– English: Offered by some universities to attract international students.
– Arabic: Some universities offer programs in Arabic to attract students from Arab countries.
Some Universities Offering Finance and Economics in Turkey
– Istanbul University
– Istanbul Technical University
– Middle East Technical University
– Bilkent University
– Istanbul Aydin University
– Ankara University
Don’t miss the opportunity to join the ranks of highly qualified graduates ready to take on leadership roles in leading financial and economic institutions locally and globally.
Contact us at Alemni Shokran to study finance and economics and register now for a promising academic and professional future in Turkey!