• In 2018 Kozminski University was ranked 17th in the world in the Global Masters in Finance Ranking published by "Financial Times". It is the only university ranked from Central and Eastern Europe.
  • The Master's Program in Finance and Accounting has been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree program(s) incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams.
  • Graduates of the program benefit from exemptions from most of the papers on the fundamental level ACCA Qualification (F1-F5, F7, F9; additionally students from the Corporate Reporting and Accounting specialization are exempted from F6 and F8) and can expect to have a wide range of career opportunities in all areas of business.
  • Kozminski University is an academic partner of the CAIA Association. Becoming a partner of the CAIA Association, a global network of more than 9,000 alternative investment professionals located in more than 90 countries, gives our students access to CAIA's vast databases and the possibility to get a special scholarship.
  • The Master's Program in Finance and Accounting is designed in close cooperation with practitioners - representatives of companies and financial institutions. It delivers in-depth specialized knowledge and develops skills of analyzing complex business problems through combining financial and accounting information with knowledge from other areas.
  • The Program is actively supported by industry strategic partners, who assure that the curriculum stands to the current requirements of the labor market. Today these are Citibank Europe PLC, Accenture Services Ltd, and KPMG. Each of our partners is actively engaged in shaping and directing the study process by participating in the Program Council and thereby, bringing invaluable input to the contents of the course, organizing guest lectures facilitated by experienced senior management and providing internship and full-time job opportunities to our students. Assuring that the study process is closely intertwined with practical experience, gives our students a competitive edge and provides a dynamic start to their careers.

Program Partners


What you gain from your studies

  • Economic mechanisms at the micro- and macroeconomic level.
  • Proper functioning of an enterprise and financial institutions in a free market economy.
  • Assessment of the current and future financial conditions of an organization.
  • Market position and business entities.
  • Professional and ethical standards used in solving problems in finance and accounting.
  • Principles and accounting standards, both in domestic and foreign and international accounting operations.
  • Preparing and interpreting financial statements and formulating useful conclusions based on them.
  • Design of efficient accounting systems, assessing the effectiveness of the accounting systems used in a variety of entities.
  • Implement ways to improve the financial condition of each entity, its restructuring, and rehabilitation.
  • Making the right choice out of the most favorable sources of financing.
  • Identify risks in business, its measurement, and management.

Career opportunities after your studies

  • A specialist in finance, financial analyst, or manager in organizations dealing with financial services (banks, insurers, mutual funds, broker services), international corporations or the public sector.
  • A controller, an accountant, an auditor, or an accounting specialist in a related field (professions that have proven to be resistant to the financial crisis). The program prepares its participants for work in both the private and public sectors.
  • A specialist in any department of a company related to finance and accounting.
  • A specialist in Anti-Money Laundering and compliance departments of international banks.

Study resources

Students have access to multiple study resources allowing them to collect all the necessary information for solving practical business problems as well as to dwell into academic science. The university provides access to a plethora of databases, including Reuters, BankScope, EMIS, Infinancials, etc. (a complete list can be found here), which represent an essential toolkit for business analysis. Academic databases such as ScienceDirect, ProQuest, JSTOR etc. allow tracking the most recent research findings in the domains of economics and finance. Thanks to a special agreement, KU students have access to the published materials of Financial Times (including articles, webcasts, business data, and interactive graphics), which provides an unparalleled international exposure and essential multidisciplinary knowledge of global politics and finance.

Being a highly positioned academic institution, Kozminski University puts a strong emphasis on rigorous research aimed at gaining new insights into business and economics through the application of the refined methodology. KU staff publish prolifically in prestigious peer-reviewed journals such as Journal of Corporate Finance, Journal of Banking and Finance, Journal of Financial Stability, Emerging Markets Review, etc.

Double degree programs

During the course of study, students of the Master in Finance and Accounting Program have the opportunity to go off on their second year to one of our partner universities for a so-called double degree program, thanks to which they will receive not only the diploma of Kozminski University but also from our partner university!

Available Double Degree Programs on the Master in Finance and Accounting studies:




Corporate Finance

The specialization offers an immersive and accelerated learning environment – one that inspires students to reflect and reemerge as professional financial analysts. Facilitated and moderated by experienced market practitioners, the specialization classes challenge the conventional knowledge and offer fresh insights into complicated business issues. As part of the specialization, students will be trained in cutting-edge techniques of portfolio and wealth management (including alternative investments), financial modeling, capital budgeting, and risk management. Kozminski University seeks to make the contents of the Corporate Finance specialization consistent with the CFA Candidate’s Body of Knowledge (CBOK). The ultimate goal is to enable KU students to start passing CFA exams while studying at the University.

Corporate Reporting and Accounting - ACCA track

The specialization offers professional in-depth training in the techniques of financial reporting, audit, and assurance. The classes aim to provide students with the relevant theoretical basis and practical skills necessary to meet the expectations of the highly competitive business environment. Students gain advanced skills of consolidated financial reporting analysis, financial performance appraisal, quality control, and transnational audits.

Recognizing the transformative role of experiential learning, Kozminski University constantly strives to achieve a perfect balance of theoretical knowledge and practice-oriented study solutions. This is where the feedback from the practitioners and a wide business community becomes an invaluable source of new ideas and relevant evidence validated by everyday decision making. The specializations ‘Corporate Finance’ and 'Corporate Finance and Accounting' are partnered with Accenture, which is a renowned and internationally acclaimed leader in the domain of strategy, consulting, technological and operational solutions for business. Accenture’s managers participate in the Program Council and provide training to our Master students in order to deliver an out-of-the-box perspective on complicated business issues. The best students will be invited for an internship at Accenture.

International Banking - Anti-Money Laundering - track with Citibank

Qualified anti-money laundering (AML) professionals are in high demand as banking institutions increase their focus on risk prevention. Regulatory requirements are constantly evolving, forcing the financial sector to constantly improve AML response systems. As a result, AML has become a new hot career choice for ambitious people willing to work internationally. The shortage of qualified candidates in the field remains an issue. Recognizing the growing development opportunities offered by the AML industry, Kozminski University, and Citi Service Center Poland established strategic partnership aimed at training skills and competencies necessary to successfully work in the field of AML and Compliance. Students are familiarized with the general framework of risk management in financial institutions, AML operations standards and procedures, receive relevant knowledge of international legal AML regulations, and learn about the responsibilities of Compliance officers. Classes are conducted by senior management Citi’s AML Operations Hub. Best students of the specialization will be invited to the summer internship program at Citi Service Center Poland.

* Specializations will launch provided that the required amount of students sign up.

Timeline of the studies

1st Semester 2nd Semester 3rd Semester 4th Semester
  • Advanced Corporate Finance
  • Corporate Financial Reporting
  • Quantitative and Qualitative Research Methods
  • Communication and Negotiation Skills
  • Advanced Macroeconomics
  • Big Data Analysis
  • Modern Banking Systems
  • Introduction to AML and Compliance in Banking
  • Business Analysis
  • Application of Statistics and Econometrics in Finance and Accounting
  • Corporate Valuation and Fundamental Analysis
  • Advanced Financial Reporting
  • Advanced Management Accounting
  • Financial Instruments and Financial Risk Management
  • Advanced SQL
  • Ethical Issues in Finance and Accounting
  • Psychology of Financial Markets
  • Dissertation Seminar
  • Mergers and Acquisitions
  • Advanced Methods for Performance Management
  • Finance Simulation Games
  • Dissertation Seminar

Choose one of the three available specializations:

  • Corporate Finance (CFA Track)
  • Corporate Reporting (ACCA Track)
  • AML and International Banking
  • Corporate Governance and Control
  • Dissertation Seminar

Choose either:

  • Two elective courses
  • An 8-week long internship

Exchange Program

Spend one semester in one of our 200 partner universities.

Exchange Program

Spend one semester in one of our 200 partner universities.

Exchange Program

Spend one semester in one of our 200 partner universities.

Double Degree Program

Spend one or two semesters in one of our partner institutions and obtain a second degree.

Double Degree Program

Spend one or two semesters in one of our partner institutions and obtain a second degree.

If you have any questions regarding the contents of the Program

Please do not hesitate to send your queries and we will gladly provide you with the necessary information: masterinfinance@kozminski.edu.pl

Admission requirements

Admission for full-time and part-time Master programs at Kozminski University is based on 2 criteria: GPA on your previous studies and results of an online entrance test. The maximum score is 100 points - 50 points for the test and 50 for GPA. Candidates who scored at least 60 points from both criteria will be qualified to the program.

Required documents

Application for full time and part time Master's programs at Kozminski University must include:

  • application form - complete the form online, print and sign.
  • original Bachelor/Master degree diploma or notarized copy and transcript of records.
  • 1 signed passport photograph.
  • copy of the national ID or a passport.
  • A CV in English.
  • proof of payment of the admission fee (non-refundable).
  • certificate confirming proficiency in English (unless the high school/university courses were taught in English) - e.g. FCE, CAE, CPE, BEC, CEIBT issued by the University of Cambridge; IELTS (>=6.0 points); TOEFL IBT (>=87 points); TOEIC (at least 700 points from the test); LCCI (English for Business level 2, 3, 4); London Test of English certificates (PEARSON) - level 3, 4, 5 (certificates Edexcel). Polish citizens who did their previous studies in English or who scored at least 95% on the basic level or 80% in the extended level from the English Language at the Polish Matura can be excluded from submitting an English proficiency certificate.

All documents issued in foreign languages should be translated into Polish or English by a sworn translator. We process applications from 4th of February until August (applications from non-EU citizens) and from 4th of February until the end of September (applications from EU-citizens). Applications received afterward will be kept on file and processed within the next application period.

The admission fee for all Bachelor programs delivered in English is 100 PLN.

Payment of the admission fee should be made to the following bank account:

Name of the bank: Pekao S.A. II o/Warszawa
Address: Grzybowska 53/57, Warszawa
Bank account number: 20 1240 1024 1111 0010 1646 0637

Candidates from foreign countries

Foreigners who need a visa to study in Poland are additionally required to make payment of tuition for one full year of studies before we can issue documents necessary in the visa application process i.e. invitation to come to Poland and the admission decision. Admission commission issues a conditional acceptance letter including individual account number to which the payment should be transferred in Polish Złoty (PLN) calculated according to the exchange rates of the National Bank of Poland (www.nbp.pl). In case the candidate is denied, visa tuition is returned. Admission fee is non-refundable.

In case of visa, accommodations and other daily issues please contact our Student Support and Service Center: studentsupport@kozminski.edu.pl

Tuition and Fees

Master's Program in Finance and Accounting (full-time)

Tuition per semester when paid in full 11250 PLN 2624 EUR* 2993 USD*
Tuition per semester in 5 installments 5 x 2270 PLN 5 X 530 EUR* 5 x 604 USD*
Admission fee 100 PLN 24 EUR* 27 USD*

Master's Program in Finance and Accounting (part-time)

Tuition per semester when paid in full 8850 PLN 2064 EUR* 2355 USD*
Tuition per semester in 5 installments 5 x 1790 PLN 5 X 418 EUR* 5 x 477 USD*
Admission fee 100 PLN 24 EUR* 27 USD*

* Exchange rates according to NBP table of 2019-01-28: 1 EUR = 4,2885 PLN, 1 USD = 3,7592 PLN

PRICES IN PLN ARE APPLIED. If you pay in EURO or USD please note that payments in EUR and USD are recalculated into PLN according to the exchange rate of Millennium Bank based on the day of receipt of payment to the Kozminski University bank account.

Program taught in:
  • English (US)

See 4 more programs offered by Kozminski University »

Last updated February 14, 2019
This course is Campus based
Start Date
2 years
11,250 PLN
Full-time tuition per semester when paid in full. 8850 PLN: Part-time tuition per semester when paid in full. Additional fees may apply.
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Application for non-EU citizens - August 1
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End Date
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Master in Finance and Accounting