Top 7 Financial Specializations to Study in Turkey

Turkey is an important economic country located in a geographically strategic area that connects the East and the West. Due ..

Turkey is an important economic country located in a geographically strategic area that connects the East and the West. Due to this strategic geographical location, Turkish universities focus on teaching the best and most in-demand financial specializations in the global economy. In this article, we will discuss the importance of these specializations and their career paths after graduation to assist students who are interested in studying financial specializations in Turkey in choosing the most suitable specialization for them. Let’s get started.

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Studying Financial Specializations in Turkey

Turkey represents an important economic environment among the world’s countries, resulting in numerous prestigious job opportunities in the field of financial business. Turkey is home to major international banks, insurance institutions, investment funds, securities trading companies, and global financial consulting firms. Thanks to this economic diversity, various financial specializations can be studied at Turkish universities, providing students with diverse opportunities for learning and professional development.

Financial specializations in Turkey encompass a wide range of fields such as finance, banking, insurance, risk management, and financial data analysis. Students studying these specializations acquire modern financial concepts, tools, and the necessary skills to deal with financial challenges in institutions and societies.

With Turkey’s strong economy and its status as one of the largest economies in the region, students studying financial specializations in Turkey can benefit from the available job opportunities in the country, in addition to international employment opportunities resulting from Turkey’s global financial networks.

study in turkey

Private universities in Turkey that offer financial specializations:

How to Get Your University Admission in Turkish Private Universities?

Payment of the university application fee.
Proficiency certificate in the language.
In the case of studying in English, passing the TOEFL or IELTS language test with a score determined by the university is required.
In the case of studying in Turkish, passing the TOMER Turkish language test or attending a preparatory year is required.

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Required Documents:

To enroll in one of the private universities in Turkey, there are several required documents that the student must submit before sending the university application. These files and documents can be submitted in PDF or JPG format during the initial registration phase for the student to obtain preliminary acceptance from the university. These documents vary depending on the academic level, whether it’s undergraduate or graduate studies, but some documents are common to both levels. The necessary documents for application are as follows:

For undergraduate and institute students:

Valid passport.
Recent passport-sized photo (white background).
Copy of high school diploma.
Student’s email address.

For graduate students:

Bachelor’s degree certificate for graduate students.
Translated copy of the transcript in English or Turkish.
Receipt of payment for the application fee.
Recommendation letters (Master’s, Ph.D.).

The Best 7 Financial Specializations in Turkey

Based on the academic program students pursue at the university and the career path they plan to pursue, several financial specializations can be studied. Each specialization has its unique career prospects, the subjects taught, and common subjects taught across all specializations. The best 7 financial specializations in Turkey are as follows:

1. Investment:

Studying investment is an interesting aspect of finance, as it is important for individuals and companies alike. Specialists in this field understand how to evaluate potential returns and risks associated with investments. Students studying investment can qualify to work as investment experts, providing advice to individuals on the best time to buy real estate or invest in the stock market based on their financial situation. Although investments may seem straightforward, this field is influenced by various variables and requires complex knowledge.

Investment

2. International Finance:

When choosing financial specializations in Turkey, international finance is one of the best choices. It is a branch of economics that studies the dynamics of exchange rates, foreign investments, and their impact on international trade. It also covers international projects, international investments, capital flows, and trade deficits. Students learn about global trade and market trends to be able to assist future clients in other countries and regions.

3. Cash Flow Management:

Cash flow refers to the movement of money into or out of business activities, projects, or financial products. It is usually measured over a specific period. Cash flow management is one of the most flexible financial specializations, as it can be defined by users according to their specific purposes. It can refer to past actual cash flows or expected future cash flows. It can also refer to the total cash flows for all stakeholders. Other terms for this specialization include “net cash flow,” “operating cash flow,” and “free cash flow.”

cash flow

Importance of Cash Flow Measurement:

To determine the value or rate of return on investment for a project.
To identify liquidity problems in business operations.
As an alternative measure to profitability in business operations.
To evaluate the quality of income generated from accrual accounting.
To assess the risks of financial products.

4. Personal Finance:

Specialized experts in personal finance provide individuals with advice focusing on their costs, bills, income, and goals. Students interested in this field can enroll in one of the mentioned Turkish universities that teach various financial disciplines using the best teaching tools and provide training opportunities for students in global companies within Turkey.

5. Financial Risk Management:

Financial risk management is a branch of various financial disciplines that involves studying, analyzing, and addressing potential financial risks faced by individuals and companies. Students learn how to protect the economic value of a company using financial tools and manage exposure to risks such as operational risks, credit risks, market risks, foreign exchange risks, volatility risks, liquidity risks, inflation risks, business risks, legal risks, reputation risks, and other expected financial risks.

Financial risk management

Financial risk management requires identifying, measuring, and planning for these risks. It can be qualitative or quantitative, focusing on when and how precautions are taken using financial tools to manage costly risk exposures.

6. Financial Analysis:

When studying financial analysis, students learn how to test and analyze investment methods and the use of funds in companies, as well as study the efficiency and profits resulting from business operations. This type of analysis focuses on studying the financial information of a specific institution or project to understand cash flows, profits, and expenses. It also aims to analyze financial statements and other financial reports to gain a comprehensive insight into the financial position and performance of the institution.

Types of Financial Analysis:

Financial statement analysis: This involves analyzing financial statements such as income statements, balance sheets, and cash flow statements to understand a company’s performance and evaluate its ability to achieve profits and manage cash flows.
Financial ratio analysis: This involves using a range of financial ratios and indicators to measure a company’s performance and evaluate its financial health. Some of these ratios include profitability ratios, liquidity ratios, debt ratios, and return on investment ratios.
Financial scenario analysis: This branch of financial analysis involves studying potential scenarios and estimating their impact on a company’s financial results. It helps in identifying financial risks and guiding strategic decision-making.
Industry and competitive analysis: This is an essential part of financial analysis as it involves studying market factors, competition, and general industry trends. It helps in understanding a company’s position in the market and identifying growth opportunities and challenges.

3. Financial Institutions focused on Corporations:

As a finance professional, you can specialize in financial institutions focused on corporations, allowing you to deal with the management of financial institutions, including banks, credit unions, insurance companies, savings and loan associations, and lending companies. Students interested in the banking sector can study this specialization among various financial disciplines. This specialization covers finance modeling, financial accounting, and financial institution management.

finance specialization subjects

When choosing to study a specialization in finance in Turkish universities, a range of subjects from various financial branches and specializations are studied for 4 years, divided into 8 academic semesters. The most important subjects taught include:

Financial Management
Cost Accounting
Financial Institution Accounting
Managerial Accounting
Financial Statement Analysis
Tax Accounting
Corporate Accounting
Governmental Accounting
Auditing
Internal Auditing
International Accounting Standards
Macroeconomics and Microeconomics
Statistics
Computerized Accounting Applications

Finance Specialization

Principles of Management
Principles of Macroeconomics
Principles of Microeconomics
Principles of Statistics
Principles of Business Administration
Principles of Accounting
Industrial Economics
Statistical Analysis
Public Finance
Macroeconomic Theory
Microeconomic Theory
Islamic Economics
International Trade Theory
Research Methodology in Economics
Mathematical Economics
International Finance
Financial Economics
Managerial Economics
Economic Development

Career Opportunities in Financial Specializations:

Working in economic and financial markets.
Working in industrial and commercial companies.
Working in public and private institutions and banks.
Financial expert and advisor.
Working in insurance companies.
Working in banks.
Working in the stock exchange.
Working as an economic analyst.
Working as a certified accountant.
Human resource management.
Working in private and government institutions.
Academic work and teaching at universities.
Freelance projects.

In conclusion, we have presented in this article 7 of the best financial specializations taught in Turkish universities. The role of economics and finance in the lives of societies, institutions, and individuals cannot be denied. Given the importance of Turkey as a major economic country, it is an ideal destination for studying this specialization. We are happy to receive inquiries from our students regarding studying in Turkey or obtaining any information related to their university admissions.

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