KIU implements Finance and Information Management MSc. Program is implemented in English language. KIU welcomes International students.
The digital transformation is leading to the emergence of new business models that are fundamentally changing the financial sector. Triggered by increased competitive pressure on the part of financial service providers, the growing willingness of the population to take advantage of digital offerings in this area and the increasing use of new technologies and methods such as blockchain and machine learning, digitized and automated financial services are becoming more and more important. In contrast to traditional financial services, digital business models are often processed in small teams, from strategy development to data analysis to software implementation, and require fast and agile processes and thus comprehensive knowledge in all the areas mentioned.
The Master of Science Program - "Finance and Information Management" aims to prepare graduates for future challenges in the field of finance. Graduates can design new business models in this area. It provides the theoretical and methodological foundation for the subject of financial management. In addition to financial management, information technology, computer science and mathematics also play a decisive role. This is particularly evident in the three concentrations. The program has an interdisciplinary character, imparting knowledge and skills about financial topics in connection with data, their processing, analysis, and preparation with the help of information systems and mastery by means of empirical-analytical working methods.
Program Name: Finance and Information Management
Program Degree: Master of Science (M.Sc.) in Finance
Program Focus: Digital finance, financial management, information technology and financial mathematics in conjunction with entrepreneurial thinking and acting.
Program Goals:
The general goal of the FIM program is to deepen and specialize competitive specialists in the field of finance and information management to be able to carry out finance and information management activities independently in various sectors (public, private, and non-governmental), on top managerial positions on international and national levels. The program goals are as following:
G1 To transfer comprehensive interdisciplinary knowledge in the areas of finance, financial economics, financial mathematics, and information management; knowledge and skills on financial topics related to data and data processing, data analysis and preparation with the help of information systems and mastery by means of empirical-analytical working methods.
G2 To deepen the knowledge and skills in leading, managing and developing a wide range business scenario on different industry levels, in different sectors worldwide by recognizing designing efficient and sustainable financial, investment and risk management processes due to automation.
G3 To develop the attitudes and values, that promote personal development and a link between practice and science in the field of finance and information management
Program Concentrations:
1. Quantitative Finance (QM),
2. Financial Management (FM)
3. Business and Information Systems Engineering (BISE)
Career Opportunities:
Positions where FIM Program graduates with this specific requirement profile are needed can be found in:
* Finance industry
* Start-ups, especially in the so-called FinTech sector and Insure-Tech companies
* Insurance Companies
Prof. Dr. Rudi Zagst
Rudi Zagst studied business mathematics at the University of Ulm. After his dissertation in the field of stochastic dynamic optimization, he started his professional career at HypoVereinsbank AG. There, he worked as Head of Product Development in the lnstitutional Investment Management before transferring to Allfonds International Asset Management GmbH as Head of Consulting and finally becoming Managing Director of Risklab GmbH - Private Research Institute for Financial Studies in 1997. Since 1992, Prof. Zagst has held various teaching assignments at the Universities of Augsburg, St. Gallen, Munich, Toronto, Ulm and Singapore. After completing his habilitation in 2000 at the University of Ulm,Prof. Zagst accepted a call to the Technical University of Munich as Professor of Mathematical Finance in 2001, where he holds the Chair of Mathematical Finance and is Head of the ERGO Center of Excellence in lnsurance. His research focuses on financial engineering, risk and asset management. In 2003, Prof. Zagst was appointed a second member of the Faculty of Economics. Since 2004 he has been Deputy Chairman of the joint elite degree program "Finance & Information Management" of the Technical University of Munich and the University of Bayreuth. Prof. Zagst works on a voluntary basis in the Munich Financial Center Initiative (FPMI) of the Bavarian StateMinistry of Economic Affairs, Regional Development and Energy, in the Advisory Board of the Bavarian Research Foundation and as the Executive Board member of Ecuadorhilfe Stuttgart e.V. In 2007, Prof. Zagst was honored by the magazine Unicum Beruf with the award "Professor of the Year i2007" for his commitment to a practical education of his students.
* Investment Companies
* Consulting firms that specialize in providing advice in Digitalised Financial Services,
conceptual Software Design and Development.
* Health & Pharmaceutical Sector
* Computer and Data Science Sector
* Multinational Companies in distribution, production/manufacturing sectors
* The sectors that are dominant according to job forecasts for 2030
Prof. Dr. Natia Zedginidze
Prof. Natia Zedginidze, holds a PhD in Economics and has over 20 years’ experience of working in public, private and non-governmental sector. Prof. Zedginidze has been teaching for 13 years at various higher education institutions. Her research scope covers management, supply chain management, strategic management & leadership, human resource management, quality management systems and project management.
Prof. Zedginidze also specializes in internal auditing according to international management system standards (ISO standards). Her work experience covers development of companies to achieve ISO certification. Prof. Zedginidze has also been consulting USAID/HICD, GIZ, UNDP, DRC, EBRD and other development partners’ projects in organizational capacity and human capital development.
Prof. Zedginidze’s holds a PhD from the Tbilisi Ivane Javakhishvili State University (defended in 2006) and her research topic covered evaluation of foreign direct investments. Prof. Zedginidze holds MBA in Management and is a certified project manager (graduate of George Washington University PMI program).
In her recent capacity as Deputy Minister of Education, Science, Culture, and Sport of Georgia, Prof. Zedginidze managed large infrastructure and human capital development projects.
Faculty Members
The students will have a truly unique international experience at KIU with Georgian and international faculty members.
Program fee per year for International Students - 7,000 € ( 22189 GEL) and covers following:
* Tuition
* Tbilisi-Kutaisi-Tbilisi weekly transportation
* KIU internal shuttles
* KIU welcome kit with laptop (in case of need can be rented from KIU for free of charge during 2 years duration of the program), KIU email, Office365, KIU corporate set, access to KIU LMS, online library, etc.