BS in Finance

BS in Finance

Finance is about investing, with a focus on how to value assets and manage risk. Studying a degree in Finance will help you to understand how stock markets and financial institutions function, and how they can be used by both investors and corporations.

Finance students also have the option of earning a minor in Islamic Banking and Finance.

Mission

The Finance Program complements the students’ general experience by providing the student with a sound base of knowledge of the field of Finance. The Finance program provides tools for analysis of business, investment and personal finance. The degree is useful for students who wish to pursue careers in banking, insurance, investments or corporate finance. The mission of the Finance Program supports the university mission by preparing students to face the challenges of a
globalized business community.

Program Educational Objectives

  1. Knowledge of salient structures and regulatory frameworks encompassing financial institutions and markets.
  2. The ability to aggregate and synthesize knowledge relating to financial operations, from diverse sources, for the benefit of the organization.
  3. Enhanced communications and presentations skills, suited to dealing with financial issues in the business environment.
  4. The ability to formulate and craft effective solutions to finance-related business problems,based on sound application of underlying financial principles.
  5. Acquired of a set of transferable financial management skills coupled with specific finance domain expertise.
  6. Developed financial management skills, based on self-reflection, critical analysis and personal development.
  7. Demonstrated the ability to work autonomously when required, in carrying out financial management functions, within organizations.
  8. Achieved the ability to think creatively and critically when tackling finance- related
    problems, within a collaborative, team-based, environment.

Program Student Learning Outcomes

On completion of the BS-BA Finance program major, graduates will be expected to have achieved the following program learning outcomes

  1. Knowledge of concepts and practice pertaining to finance and financial management, within a range of organizational contexts.
  2. Knowledge of salient structures and regulatory frameworks encompassing financial institutions and markets.
  3. The ability to aggregate and synthesize knowledge relating to financial operations, fromdiverse sources, for the benefit of the organization.
  4. The ability to formulate and craft effective solutions to finance-related business problems,based on sound application of underlying financial principles.
  5. The acquisition of a set of transferable financial management skills coupled with specific finance domain expertise.
  6. Enhanced communications and presentations skills, suited to dealing with financial issues in the business environment.
  7. The ability to work autonomously when required, in carrying out financial management functions, within organizations.
  8. The development and enhancement of financial management skills, based on selfreflection, critical analysis and personal development.
  9. An ability to think creatively and critically when tackling finance-related problems, within acollaborative, team-based, environment. organizational information.

Career Opportunities

Career Opportunities:   

Jobs directly related to your degree include:    

  • Financial analyst
  • Investment analyst
  • Credit analyst
  • Valuation analyst
  • Corporate financial analyst
  • Personal banker
  • Insurance underwriter
  • Financial consultant
  • Financial planner
  • Financial controller

Admissions Requirements

How to Apply

Please read the following carefully before completing the application form

  1. Applicants must complete the application themselves. All requirements on this application must be filled in. Incomplete applications will not be considered. It is preferable that all items be typed.
  2. Applicants are encouraged to apply early. They should not wait until their final examination results are announced.
  3. Please note that submitting an application, paying the application fee and receiving an ID number does not in any way mean that an applicant is admitted to the university. Admission is offered in writing to qualified applicants only after an official evaluation of their credentials is performed by the Office of Admissions.
  4. The offer of admission is valid only for the academic semester for which the applicant applies. Applicants who wish to defer their admission to the following semester must submit a written request to the Office of Admissions not later than one month before the beginning of the semester. Admission consideration for the following semester will depend on meeting the established requirements and available seats.
  5. In case seats are not available in the semester you selected, AURAK will consider your application for the following semester.
  6. All documents presented to complete an application for admission are the property of the university. Applicants, whether accepted or not, may not claim them back.

Forms and Checklist

High School Requirements

Academic School

Academic Program

Admission Criteria

School of Arts and
Science

BA in English Language
BA in Mass Communication

UAE Curriculum

Advanced (Scientific)

70%

 
General (Literary) 70%  
Non UAE Curriculum The University Recognizes all the other certificates and converts their grades to the equivalent grade.
BS in Biotechnology UAE Curriculum Advanced (Scientific) 70%  
General (Literary) 70% Successful completion of the qualifying subjects: Physics, Biology and Chemistry at AURAK.
Non UAE Curriculum The University Recognizes all the other certificates and converts their grades to the equivalent grade.
School of Business (All Business Programs) UAE Curriculum Advanced (Scientific) 70%  
General (Literary) 70%  
Non UAE Curriculum The University Recognizes all the other certificates and converts their grades to the equivalent grade.
School of Engineering (All Engineering Programs) UAE Curriculum Advanced (Scientific) 70%  
General (Literary) 90% Score 90 or above in Math and Science subjects
in school. And pass one qualifying subject at AURAK.
Non UAE Curriculum The University Recognizes all the other certificates and converts their grades to the equivalent grade.
 

Conditional Admissions:
AURAK offers conditional admissions to students who are slight below the minimum admission criteria and specific curriculum's.

English Proficiency Requirements

Name of Exam

Score

IELTS

5.0 Band

TOEFL - Paper based

500

TOEFL - Internet Based

61

Cambridge English Test - Advanced 41
Pearson's Test of English - Academic 36-41
City & Guilds TESOL B1
Admissions Procedure

Tuition and Fees

Academic Year 2018 - 2019

Undergraduate Program

Amount (AED)

Due by:

Application

500

Application submission, non-refundable

Admission

500

Issuance of Admission Letter; and Non-refundable
Tuition (12-16 credits) 24,150 Per Semester, payable by first day of class or make arrangement with Finance department
Tuition- Part time 1,575 Per credit hour, payable by first day of class or make arrangement with Finance department
New Program - Undergraduate Amount (AED)  Due by:
Electrical Engineering (12-16 Credits) 24,150 Per Semester, payable by first day of class or make arrangement with Finance department
Electrical Engineering - Part time 1,470 Per credit hour, payable by first day of class or make arrangement with Finance department
Architecture Engineering (12- 16 Credits) 25,200 Per Semester, payable by first day of class or make arrangement with
Finance department
Architecture Engineering - Part time 1,575 Per credit hour, payable by first day of class or make arrangement with Finance department
Petroleum Engineering (12-16 credits) 30,975 Per Semester, payable by first day of class or make arrangement with Finance department
Petroleum Engineering- part time 1,890 Per credit hour, payable by first day of class or make arrangement with Finance department
Chemical Engineering (12-16 Credits) 30,975 Per Semester, payable by first day of class or make arrangement with Finance department
Chemical Engineering 1,890 Per credit hour, payable by first day of class or make arrangement with Finance department
Graduate Program Amount (AED) Due by:
Application 750 Application submission, non-refundable
Admission 2,000 Issuance of Admission Letter; and Non-refundable
Tuition- MBA 2,520 Per credit, payable by first day of class
Tuition- EMBA 3,150 Per credit, payable by first day of class
Tuition- MEEL 2,100 Per credit, payable by first day of class
Tuition- MS Engr. PM 2,730 Per credit, payable by first day of class
Summer Session - Other Fees Amount (AED) Due by:
Technology / Activity Services 400 Per summer session, non-refundable
Lab 400 Per summer session, per lab & non-refundable
Student Visa Fees Amount (AED) Due by:
Visa 2,000 100% due at time of admission payment, non-refundable (Including Emirates ID)
Visa change of status 900 100% due at time of admission payment, or when applicable, non-refundable
Visa Security Deposit 2,000 100% due at time of admission  payment, One time, refundable after the visa cancellation
Others Amount (AED) Due by:
Technology / Activity / Gym Services 750 Per semester, non-refundable
Lab 750 Per semester, per lab & non-refundable
Security deposit 1,500 One time, refundable if no s/ damage charges due
Graduation 1,500 One time, non-refundable
Late Payment 300 Per Month after due date
Late Registration 1,000 Per semester, non-refundable
Check Returned 500 Penalty for every check returned
Transcript- Official 100 Per Transcript
Transcript- True 50 Per Transcript
*Transportation 3,500 Per Semester for Ras AI Khaimah
*Transportation 5,500 Per Semester for Dubai, Sharjah, Ajman,Um AI Quwain, Fujairah
*Transportation 6,000 Per Semester for Abu Dhabi (Only on weekends)
ID Card 100 For Replacement
Official Letter 50 Per Letter
Gymnasium 500 Per month, for Non-AURAK students
Library Books overdue fines 10 Per day per item for Circulating & Reserve materials
Library Books Lost I Damaged Actual Cost Circulating books, Audio-Visual items, Reference Material
Health Insurance 710
Mandatory (non-refundable) To opt out students must produce evidence of viable current health insurance

* For transportation- Minimum 5 students must registered for each zone to provide  service
* AURAK reserves the right to make changes in tuition, fees, and other charges at any time such changes are deemed necessary.

Transfer Students

Undergraduate Transfer Students

Prospective students who have attended other accredited colleges and universities may apply to AURAK as transfer students as long as they fulfill the following criteria:

  • Minimum CGPA is 2.0 or higher. If CGPA is below 2.0 but above 1.8, student may be considered for a different program.
  • Student is in good standing at their previous institution.
  • The academic program is accredited and the institution is licensed by the UAE Ministry of Higher Education (or its equivalent for international students).
  • The student submits a detailed course syllabus for each of the courses taken.

Other Undergraduate Transfer Requirements

  • The Office of Student Services and Enrollment Management, in consultation with the respective program chairs, determines whether a course completed at another institution is equivalent to a course offered in the particular program for which the student is seeking credit transfer.
  • The total number of credits transferred to AURAK shall not exceed 50% of the program requirement.
  • The transferred course must offer the same number of credits as the AURAK course to be considered for equivalency and be offered at the same level (upper or lower).
  • Transferred credits and grades will not be used in calculating the cumulative grade point average (CGPA).
  • Only courses graded as “C “or above are considered for transfer credit.

Graduate Transfer Students

A maximum of six graduate credits from a graduate school at an accredited college/university may be transferred to a program of study at AURAK, subject to program-specific rules and regulations.

  • Credits for transfer must be approved by the Dean of the School of Graduate Studies and Research in consultation with the Coordinator of the appropriate graduate degree program according to the guidelines of graduate studies.
  • These credits must have been earned not more than five years prior to the transfer, and the student must have earned a grade of B or higher for any graduate-level course that is requested to be transferred.
  • Likewise, these credits may not have been used to satisfy requirements for another earned degree. Transfer credit will not be accepted for research or thesis/dissertation work.
  • Likewise, these credits may not have been used to satisfy requirements for another earned degree. Transfer credit will not be accepted for research or thesis work.
  • Grades earned in transferred courses do not count in the student’s cumulative GPA (CGPA), though transferred credits count toward the cumulative earned hours and may apply towards meeting graduation requirements.
  • Applicants must request that credit transfers be reviewed at the time of application.
Payment Mode

Option A: CASH (OR) CREDIT CARD
The fees can be paid in person in cash or through credit card (Visa & Master card) at the American University of Ras Al Khaimah between 8.30 am to 4.30 pm in the Accounts Office.

Option B: CHECK
Persons with UAE bank accounts may write a check made payable to American University of Ras Al Khaimah. The check can be sent to the address below or taken to the Accounts Office on the AURAK Campus.

Accounts Department
American University of Ras Al Khaimah Ras Al Khaimah Campus
P O Box 10021
Ras Al Khaimah
United Arab Emirates

Option C: BANK TRANSFER

Beneficiary

:

American University of Ras Al Khaimah

Account Number

:

0002-257074-001

Swift Code

:

NRAKAEAK
IBAN Number : AE700400000002257074001
Bank Address : RAK Bank
Nakheel Branch, Ras Al Khaimah, UAE
Note: For USD transfers ONLY use the following additional information
Correspondence Bank : Standard Chartered Bank, New York, USA
New York
Swift Code : SCBLUS33XXX
FAQ's

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American University of
Ras Al Khaimah Road,
Ras al Khaimah, UAE
PO Box: 10021

Contact Us

Tel. :  + 971 7 2210 900
Fax :  
+ 971 7 2210 300
Mail:  info@aurak.ac.ae

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