The European Education Directory

Athens University of Economics and Business
MSc in International Shipping, Finance and Management


Address Athens University of Economics and Business, 47A Evelpidon Street, 11362, Athens, Greece
Tel. No. +30 210 820 3696
Fax No. +30 210 820 3667
E-mail address
Course MSc in International Shipping, Finance and Management
Length of course A 12-months full-time program, designed to meet the needs of graduates, with lectures taking place mainly during the morning or in the afternoon.
A 24-months part-time program, designed to meet the needs of business executives, where lectures are conducted in the evenings.
Date of commencement Starting in September every year.
Application Deadlines 1st round, Friday 15th of January 2016
2nd round, Thursday 31st of March 2016
3rd round, Tuesday 31st of May 2016
Class Size 20 -30 students
Student accommodation Not available in University’s dorm’s, but the program facilitates the students to rent or share a flat
Cost/fees The program fees for the academic year 2015-16 come to:
• €8,000 for the full time program and
• €9,500 for the part time program
Financial assistance There will be scholarships for the students in the full time program. Academic excellence awards are granted to students that excel in the program at the end of the academic year Scholarships also available from other Greek state foundations (more information upon request)
Admission requirements The evaluation and acceptance of applicants is based on the following criteria:

• Bachelors Degree from a recognized university (Degrees from non-Hellenic universities must be officially recognized and certified by the National Academic Recognition Information Centre
• Grade point average of the Bachelor’s degree.
• Two confidential academic reference letters in sealed envelopes.
• Very good command of the English language, as indicated amongst others by IELTS, TOEFL, TOEIC scores.
• Grades received in relevant to the MSc undergraduate course units
• Work experience (for part-time applicants).
• Personal interview by the Admissions Committee.

The Admissions Committee ranks the applicants according to the above quantitative and qualitative criteria.
Require documents Documents that must be submitted with the application:
1. Application form. Applications can be submitted a) on line, b) in person or by post (see contact details below)
2. Two recent passport size photographs
3. CV in English
4. Personal statement of approximately 500 words, in English
5. Copy of the bank deposit slip, covering the application processing fee of €50 (Account details: ΙΒΑΝ GR69 0110 1100 0000 1100 0125 051, SWIFT/ BIC: ETHNGRAA, BENEFICIARY: RC AUEB)

Documents that can be submitted at a later stage:
1. Two confidential recommendation letters, by the interview date
2. Certified Copies of all University Degrees / Diplomas (Recognition by the Hellenic National Academic Recognition Information Centre (DOATAP) is required)
3. Official Transcripts of marks received (with certified translation in English if not in Greek)
4. Proof of employment record, if any – required for part time applicants
5. English language certification verifying excellent command of the language (as determined by a TOEFL, TOEIC or IELTS score, or the Cambridge or Michigan Certificate of Proficiency in English)
Course Director Professor MANOLIS G. KAVUSSANOS
Contact for application Program Secretariat
Tel. +30 210 820 3696
Fax. +30 210 820 3667


Master in International Shipping, Finance and Management

The MSc in International Shipping, Finance and Management program offers:
  • Postgraduate study in an International Maritime Centre, in Greece – with the highest ownership (in tonnage) in the World and hundreds of companies located here

  • The opportunity to study at AUEB, a top School for Economics and Business in Greece and Internationally recognized for its quality of education, research and training

  • An MSc program qualification officially recognized by the Greek State

  • An academic program taught by world class professors, constantly reviewed to fit the needs of the industry

  • Placements of students with companies at the end of the taught part of the program

  • Visits to relevant companies and organizations

  • Executive guest speakers from the industry

  • Access to major databases, newspapers, periodicals and academic journals related to shipping, finance and management

  • A number of scholarships available to suitable applicants, sponsored by shipping and other companies and organisations, foundations and banks

  • Academic excellence prizes, awarded to students at the end of the full and part time programs
The Interdepartmental MSc in International Shipping, Finance and Management (ISFM) comprises a unique combination of knowledge areas, which are essential for those employed or are interested to find work in the International Shipping industry. This is achieved through a modern, well-structured program, which combines reading of the international literature, laboratory classes, case studies, teaching and an academic dissertation. The academic members of staff involved in the program are producing highly pioneering research in their respective fields of study. Business executives are also invited as keynote speakers in the program. All the above are disseminated in the curricula of the course units to make up a distinct educational program.

The University offers excellent research facilities, providing access to online and hardcopy volumes of scientific and business journals, newspapers and magazines, databases and specialized software in its laboratories. This enables fast and efficient access to relevant information and data for students, which is vital in pursuing high standards of research and study. The Schools of Business Administration and of Economics are involved in the MSc program through their relevant Departments of Accounting and Finance and Management Science & Technology and of the International & European Economic Studies, respectively.

The professors of the MSc in ISFM are Ph.D. holders. They have solid educational backgrounds, significant professional work experience, influential scientific publications and presentations in international conferences. Their work has gained international recognition, have received teaching prizes by Greek and non-Greek universities, and are members of important international associations and committees.

All the above constitute a distinguished learning environment which is conducive to the promotion of academic research, thus allowing the MSc in ISFM to be highly competitive in the job market, enabling graduates to obtain immediate work placement. In other words the MSc in International Shipping, Finance and Management is a significant investment in the professional careers of its graduates.

Program Structure

The first semester comprises five (5) compulsory course units, each of five (5) ECTS and two (2) compulsory course units each of two and a half (2.5) ECTS. The second semester comprises two (2) compulsory course units, each of five (5) ECTS, and a number of optional course units which that add to a total of twenty (20) ECTS. During the second semester a compulsory dissertation is undertaken, which is equivalent to fifteen (15) ECTS.

During the second semester a compulsory dissertation is undertaken, which is equivalent to fifteen (15) ECTS.

The two (2) semesters are each divided into four (4) bimonthly periods. At the end of each bimonthly period there are examinations for the course units of the period.

Program Outline

Preparatory Course Units – 3 weeks

Elements of Mathematics and Economics for Business

Statistics for Business

Ship Technology and Terminology


1st Semester

Bimonthly Period A

Financial and Management Accounting


Financial Management


Maritime Economics and Business


Bimonthly Period B

Corporate Finance


International Economics


International Maritime Commodity Trade


Quantitative Methods for Shipping Data


2nd Semester

Bimonthly Period C

Management of Maritime Companies


Shipping Finance and Investment Decisions


Selection of one of the following course units:

Portfolio Analysis and Management


Fixed Income Securities


Corporate Governance




Ports Economics and Policies


Data, Models and Business Decisions in Shipping


Bimonthly Period D

Selection of three (3) or more course units from the following, totaling 15 ECTS

Shipping Business Risk Management




Maritime Insurance


Maritime Law


Logistics Management and Liner Shipping




Risk Management


International Finance


International Taxation of Capital and Investment Decisions


Wealth Management


Financial Analysis and Company Valuation


Human Resource Management


Strategic Decisions in Shipping


International Business


Project Finance


International Negotiations


Operations Management


Dissertation – 15 ECTS

The Athens University of Economics & Business

Established more than 85 years ago, the Athens University of Economics and Business (AUEB) has always been on the forefront of education and research. Our University has produced by far the largest number of industry leaders, entrepreneurs and managers and has thus played a key role in the development of the country. At the same time, AUEB is privileged to have excellent faculty. Enjoying the best reputation in Greece, and having developed a strong research orientation, AUEB attracts faculty who have previously been on the faculties of some of the best schools internationally, like Wharton, Columbia, London School of Economics, Cambridge, INSEAD, London Business School, Fuqua, and others. In addition, renowned scientists and political figures, including Nobel Prize winners in Economics, have been awarded Honorary Degrees from AUEB. Moreover, according to a recent survey by the Social Science Research Network (October 2006), AUEB is ranked 6th in terms of research and publications in a list of 799 Business Schools worldwide (not including the USA).

AUEB is currently a member of the European University Association (EUA) and the Association to Advance Collegiate Schools of Business (AACSB International).

Contact the MSc in International Shipping, Finance and Management
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