Master of Financial Management

Rezekne Academy of Technologies
Financial Management
Masters
Business & Management
Public University
Latvia

The Master of Financial Management at Rēzekne Academy of Technologies is a master’s program designed to develop advanced expertise in financial management, investment analysis, financial planning, risk management, and strategic decision-making. The program combines theoretical knowledge with practical and analytical skills for managing finances in modern organizations.

Course Details

Category	Details
Time	Full Time
Campus	Rēzekne
Duration	2
Deadline-Date	1-July,
Fee Per Year	3460
Application Fee	100
Currency	Euro
Intake Link	https://www.rtu.lv/lv/rezekne/gribu-studet-rezekne/uznemsana-12
Deadline Link	https://www.rtu.lv/lv/rezekne/gribu-studet-rezekne/uznemsana-12
Intakes	September
Program language requirement	English language knowledge of at least B1 level

Who can Choose this program?

Bachelor’s degree In Finance, Accounting, Business Administration, Economics, Management, or a related field

Additional Information

Category	Details
Scope of the program	Graduates can pursue careers as Financial Managers, Financial Analysts, Investment Analysts, Risk Managers, Corporate Finance Specialists, Treasury Specialists, Financial Controllers, and Financial Consultants. Employment opportunities are available in banks, investment companies, insurance firms, financial institutions, consulting companies, government organizations, and multinational businesses.
Program entry requirement	Must hold a Bachelor’s degree (or equivalent) valid for the programme area. Official admissions procedure refers to academic qualifications being recognised.
Required GPA	The overall grades attained in a bachelor's degree must be a minimum of 60%.
GRE Required	GRE is not required
GMAT Required	GMAT is not required
Application Process	Application Process in Latvia for International Students 1. Choose a university and study program. 2. Check the admission requirements and application deadlines. 3. Prepare the required documents (passport, academic transcripts, English language test results, SOP, CV, and other supporting documents). 4. Submit your application through the university's online application portal. 5. Pay the application fee (if applicable). 6. Receive and accept the admission offer. 7. Pay the tuition fee or enrollment deposit. 8. Apply for a Latvia student visa or residence permit (if required). 9. Travel to Latvia and complete your university registration after arrival.
Available Scholarships	https://studyabroadupdates.com/scholarships/
Program accreditation	The program is accredited in Latvia and aligned with the Latvian Qualifications Framework (LQF) and the European Qualifications Framework (EQF), supporting international recognition of the qualification.
Living expenses	Living Costs in Latvia The amount of money you need each month to pay for rent, food, and transit is between 450 and 700 EUR. The average cost of living in Latvia is broken down as follows: 1. Accommodation at the university: 70–120 EUR per month 2. Rent (private flat): EUR 100–350 per month 3. Monthly utilities: between 115 and 185 euros 4. groceries and meals: 120–250 EUR per month 5. public transport pass: 10–16 EUR each month
Visa Process Details	1. Passport: Valid passport with old ones if available (Mandatory). 2. CNIC / B-Form / FRC: ID and family relation documents (Mandatory). 3. Photographs: Biometric/passport-sized photo (Mandatory). 4. Offer Letter: Official unconditional admission letter (Mandatory). 5. Tuition Fee Receipt: Deposit, payment, or scholarship proof (Mandatory/Conditional). 6. Academic Documents: Transcripts and degrees with attestations (Mandatory). 7. Language Certificate: IELTS, TOEFL, or language proof (Conditional). 8. CV / Resume: Updated resume with gap details (Mandatory/Conditional). 9. SOP / Motivation Letter: Study plan and home ties explanation (Mandatory/Conditional). 10. Financial Documents: Bank statements, income, and funds proof (Mandatory). 11. Sponsor Documents: Sponsor ID, relation, affidavit, and income proof (Conditional). 12. Accommodation Proof: Housing booking or address (Mandatory/Conditional). 13. Insurance: Travel/health insurance (Mandatory/Conditional). 14. Police Certificate: Character certificate if required (Conditional). 15. Medical Certificate: Medical/TB/polio clear certificate (Conditional). 16. Translations / Legalization: Certified translations or attestations (Conditional). 17. Previous Refusals: Refusal letters with explanations (Mandatory if applicable). 18. Travel History: Visas, stamps, and travel proof (Conditional). 19. Family / Home Ties: Property, business, or family return proof (Recommended). 20. Country-Specific: University invitation or approval details (Country-specific). 21. Country-Specific: Proof of accommodation in Latvia (Country-specific). 22. Country-Specific: Health insurance and legalization/translation (Country-specific).
Part timework	Part-Time Work in Latvia • Hours: Bachelor’s students can work up to 20 hours per week during semesters and 40 hours per week during holidays. Master's and PhD students have no hourly restrictions. • Average Pay: Typically ranges from €400 to €600 per month depending on the city and sector. The official national minimum wage stands at €780 per month. • Common Fields: Delivery platforms (Bolt/Wolt), international call centers, retail, hospitality, and corporate IT/business internships.
Post-study work opportunity	Post-Study Work Opportunities • Stay-Back Window: Upon graduation, international students are granted a job-seeking buffer period: 4 months for Bachelor's and Master's graduates, and up to 9 months for PhD holders. • Full Work Permit: Once you secure an official job contract relevant to your degree, you can convert your status into a standard Temporary Residence Permit (TRP) based on employment. • Path to PR: Working legally on a residency permit for 5 continuous years qualifies you to apply for Permanent Residency (PR).

What is the Master of Financial Management program at Rēzekne Academy of Technologies about?

The Master of Financial Management program is designed to develop advanced expertise in financial management, investment analysis, financial planning, risk management, and strategic decision-making. It combines theoretical knowledge with practical and analytical skills for managing finances in modern organizations.

What are the admission requirements for the Master of Financial Management program?

Students must hold a Bachelor's degree (or equivalent) valid for the program area. The overall grades attained in a bachelor's degree must be a minimum of 60%. Additionally, applicants need English language knowledge of at least B1 level.

What is the tuition fee for the Master of Financial Management program?

The tuition fee for the Master of Financial Management program is 3460 Euros per year. There is also a non-refundable application fee of 100 Euros.

What are the job opportunities after completing the Master of Financial Management program?

Graduates can pursue careers as Financial Managers, Financial Analysts, Investment Analysts, Risk Managers, Corporate Finance Specialists, Treasury Specialists, Financial Controllers, and Financial Consultants. Employment opportunities are available in banks, investment companies, insurance firms, and multinational businesses.

Can international students work while studying in Latvia?

Yes, international students can work part-time while studying. Bachelor's students can work up to 20 hours per week during semesters and 40 hours per week during holidays. Master's and PhD students have no hourly restrictions.