Bachelor of Science in Business Administration (Major in Finance)
The finance industry is a dynamic and rapidly evolving sector offering exciting and well-paying career opportunities. Businesses need finance professionals to help them manage their financial resources and make informed financial decisions. With the increasing globalization of financial markets and the growing complexity of financial products and services, there is a rising demand for skilled finance professionals who can navigate the industry’s intricacies.
Program Duration
4 Years
121 Credit Hours
Intake Commences
Yearly Fees*
53,130 AED / 14,466 USD
Overview
The finance industry is a dynamic and rapidly evolving sector offering exciting and well-paying career opportunities. Businesses need finance professionals to help them manage their financial resources and make informed financial decisions. With the increasing globalization of financial markets and the growing complexity of financial products and services, there is a rising demand for skilled finance professionals who can navigate the industry’s intricacies.
AURAK’s Bachelor of Science in Business Administration (BSBA), majoring in Finance, provides students with a broad range of knowledge and skills in corporate investment decisions, corporate financing decisions, corporate dividend decisions, financial statements analysis, risk management that are applied in a variety of roles and settings.

The program also offers a broad foundation in various disciplines, including accounting, finance, marketing, human resources, and operations management. It provides graduates with essential critical thinking, problem-solving, communication, teamwork, and leadership skills. Graduates of the BSBA majoring in Finance can look forward to various career opportunities in government and non-government organizations, such as banking, investment management, financial planning, corporate finance, and risk management, to name a few.
The BSBA Major in Finance program is accredited by an international professional accountancy body, - the Association of Chartered Certified Accountants (ACCA), in the UK to ensure that the AURAK graduates are internationally recognized in the accounting profession. This recognition helps the graduates find and work in different countries in the accounting profession. AURAK BSBA (Major in Finance) graduates are granted exemptions while registering for ACCA qualification.
The BSBA major in Finance is affiliated with the Certified Financial Association (CFA) Institute, and the course contents align with the CFA level 1 curriculum. As a CFA-affiliated major, students attending BSBA major in finance will be eligible to apply for the CFA student scholarships to help them sit for the CFA level 1 exam.
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Program Description
Download PDFSample Four Year Study Plan
Our program provides a well-rounded education that combines foundational and specialized courses and a mandatory internship module. Students gain theoretical knowledge, practical skills, and valuable hands-on experience in a real-world setting. This equips them with the tools they need to succeed in their careers and make a positive impact in their communities.
First Semester
English 101 provides students with intensive practice in drafting, revising, and editing expository essays for an academic audience. Using logical, rhetorical, and linguistic structures in their writing, students also develop their ability to think creatively, critically, and independently. Throughout the course, students engage in reading texts, evaluating sources, using their reading to form their own opinions, preparing research papers, and employing the MLA documentation style to avoid plagiarism.
The course focuses on the nature and uses of computers with an introduction to word processing, spreadsheets, databases and presentation software and related lab projects and includes computer systems organizations, communications and networking, legal and ethical issues, effective presentation information, computer security and the internet.
This course introduces students to the basics of probability theory and statistical inference with examples and applications in sciences. At the end of this course, students will acquire the necessary quantitative competency in the program.
The course provides an introduction to the basic sources and historical contexts for the origins of Islam; some of the basic spiritual principles expressed in those sources; the contexts and practices that exemplify the spiritual principles; contributions Islam has made to civilization and to the political, social and cultural identity of the UAE. It will illustrate the concept of Islamic studies through a global, interdisciplinary and comparative approach and examine contemporary global and local issues that impact and are impacted by Islamic culture.
Second Semester
This course introduces students to the fundamental principles of macroeconomics in the context of current problems and its application to business decision making and economic policy. Students will be introduced to the economic way of thinking and how key concepts, theories and methods of modern economic analysis can be applied to everyday economic issues and problems. Key areas covered include demand and supply analysis and government policies; consumers, producers and the efficiency of markets; international trade; the national economy; business cycles; inflation; economic growth and stability; unemployment; and monetary and fiscal policy. Particular emphasis is placed on reviewing contemporary economic issues and how economics permeates almost every aspect of business, highlighting economics as the fundamental discipline underpinning the study of most business specializations.
This course is designed to provide an overview of principles to develop effective presentations for public and professional settings while integrating appropriate technologies. Course content and assignments emphasize audience analysis, effective and coherent composition development, research strategies and skills, and presentation delivery methods to strengthen confidence and credibility.
ARAB 101 - Arabic Language and Culture for Non- Native Learners I (3 Credits)
Beginner Level Arabic Language and Culture 1 is the first in a four-course beginner and intermediate Arabic language sequence specifically tailored to the needs of non-native Arabic language students in the English and Mass Communication Programs (though any non-native learner of Arabic may enroll). This course introduces the student to the Arabic alphabet and the basics of reading and writing in Modern Standard Arabic (MSA). Instruction in the language is enriched by reference to cultural themes and visits to sites of cultural importance.
ARAB 110 - Arabic Language and Culture for Native Arabic Speakers I (3 Credits)
Arabic literature has developed many traditions though originating from a common source. The course is an introduction to representative texts from contemporary Arab writers, and their connections with the traditions of the past. The method is comparative, with a study of literary, political social and religious aspects, as well as the application of a theoretical framework of analysis.
First Semester
This is an introductory course in financial accounting which incorporates International Financial Reporting Standards (IFRS) and emphasizes the use of accounting information in an ethical manner. Topics covered include: Basic accounting concepts and processes with particular emphasis on double entries; the accounting cycle; transaction analysis; accounting for assets, liabilities, owner's equity, expenses and revenues recognition, introductory financial statement analysis; an introduction to the preparation of cash flow statements and ethical decision-making.
This course examines marketing principles, concepts, strategies, tactics, and analytical tools used by profit and nonprofit organizations to market ideas, products, or services to selected target groups. The course emphasizes how to promote, distribute, and price a firm's offering in dynamic economic, social, political, and international environments.
This course teaches students the fundamental principles of finance. It covers the financial decisions that financial managers should make to maximize shareholders' wealth or a firm's value. These financial decisions include investment decisions, financing decisions, dividend decisions and working capital decisions. Students are taught how to apply financial theories to real life financial situations, financial ratio analysis, time value of money, stock valuation, bond valuation, capital budgeting and risk and return. It also discusses the difference between profit maximization and shareholders' wealth maximization. There is a general saying in finance that "If you can't measure it, you can't control it". Therefore, the course entails calculations and arriving at conclusions that help financial managers make financial decisions and measure financial performance.
Second Semester
This is the first course in cost/managerial accounting. It discusses a range of introductory managerial accounting topics such as cost measurement and terminology, costs systems; analyzing cost-volume-profit relationships, job order and process costing, operating budgets, standard costing, introduction to capital budgeting and ethical managerial accounting-related decision-making.
This course presents essential management and organizational behavior theories and concepts. It examines the nature of managerial work under a range of business models and under rapidly changing business conditions. Managerial functions and activities such as planning, strategizing, organizing, controlling, and directing are examined in depth, and in the context of current organizational practice and scenarios.
This course is an introductory survey course in business analytics and is geared towards providing a broad coverage of descriptive, predictive, and prescriptive analytics techniques and applications within a business context. The course aims to introduce students to foundational concepts, methodologies, and tools required to understand the emerging role of business analytics in organizations, with a focus on decision making for efficiency, profitability, and sustainability. Through hands-on practice tutorials and assignments, students will also be introduced to computer-based modeling approaches to facilitate formulation, resolution, and interpretation of the results, and the process of transforming data into actions.
This course Introduces fundamentals of business models, and writing as a learning tool. The interrelationships between accounting, finance, information systems, marketing, and operations are the subject of several "learning by writing" deliverables. The course teaches business students effective methods for communicating business-related issues to clients, management and fellow employees.
Course Description:
This course introduces fundamentals of computer hardware, software, networking, Internet and its technology components. The discussions are centered on the role of technology in contemporary business, and include basic relational storage concepts, with hands-on experience in building business database applications and web sites.
The course also features a mini-project.
First Semester
Second Semester
This course provides essential underpinning support for research elements of higher level business courses. It allows candidates to make informed decisions and appropriate choices pertaining to research methodology. A range of business research tools, approaches and analytical techniques are discussed, and guidance is given on optimal structuring of research work in the business field, and the generation of research proposals.
Summer Semester
The Internship is designed for candidates on the undergraduate finance major programs. It lasts for eight weeks (240 hours), and provides exposure to business practices and issues, in appropriate settings. Candidates will typically opt to carry out internship with local UAE-based companies. The internship program is viewed as a "steppingstone" for a career in the field of the student's major. Students will receive orientation, induction, and relevant on-the-job training during their internship. The initial induction and orientation take place at the beginning of the internship and will serve to introduce the student to real-world business practices, culture and management, and provide them with a knowledge base to draw upon throughout the remainder of the internship.
First Semester
This course is designed to help students apply functional knowledge gained from earlier courses and integrate these with more practical information and real-life experiences. The course takes the general management point of view, emphasizing the creation, implementation and evaluation of strategy in organizations. Students adopt the viewpoint of upper management, strategize and make essential "Big Picture" decisions, using standard strategic analysis frameworks. Students develop expertise in the analysis of complex business situations and in clearly presenting strategic findings both orally and in writing.
The finance project-based internship course will provide students an experience of a self-employed work environment. The course will imbibe problem- solving skills and creative thinking among students. These life-long learning skills will enhance the employability skills of the students and their ability to become independent learners. The students will integrate the tools and concepts from the finance specialization courses to develop strategies to solve problems. Through a coaching and mentoring process, the students would produce a project report, which will allow them to showcase their learning acquired during their four-year study.
Second Semester
PROGRAM LEARNING OUTCOMES
Business administration courses offer excellent career opportunities not only in Dubai and the other UAE emirates but also globally. Gain a competitive edge in the job market with AURAK’s Bachelor of Science in Business Administration.
BSBA: CORE Program Learning Outcomes
On completion of the BSBA program, graduates will be able to demonstrate
MAJOR SPECIFIC LEARNING OUTCOMES
On completion of a BSBA (Major in Finance), students will be able to:
Program Accreditations
-
CAA
The American University of Ras Al Khaimah, located at the American University of Ras Al Khaimah Road, Ras al Khaimah, UAE, PO Box: 10021, is officially Licensed from 1 August 2009 to 15 September 2026 by the Ministry of Education of the United Arab Emirates to operate in the domain of Higher Education.
-
ACCA
AURAK has been granted exemption accreditation by ACCA for three out of the thirteen courses required for the Chartered Certified Accountant qualification for students who have completed the BSBA Major in Finance.
-
CFA
The Bachelor of Science in Business (Major in Finance) is affiliated with the CFA Institute.
Program Requirements
To graduate from our university, students must meet various requirements to receive a well-rounded education. This includes completing University General Education Requirements, School Requirements, and other academic requirements. Experiential learning opportunities, such as internships and research projects, are also important components of our programs.
Completion Requirements | Credits |
---|---|
I. University General Education Requirements | 31 |
II. School Requirements | 48 |
III. Major Requirements | 21 |
IV. Major Electives (Any 3 courses from the major elective list) | 9 |
V. Business Elective (Any 3 courses from any major requirements and electives outside your declared major) | 9 |
VI. Free Electives | 3 |
Total | 121 |
I. University General Education Requirements (31 credits)
English 101 provides students with intensive practice in drafting, revising, and editing expository essays for an academic audience. Using logical, rhetorical, and linguistic structures in their writing, students also develop their ability to think creatively, critically, and independently. Throughout the course, students engage in reading texts, evaluating sources, using their reading to form their own opinions, preparing research papers, and employing the MLA documentation style to avoid plagiarism.
ARAB 101 - Arabic Language and Culture for Non- Native Learners I (3 Credits)
Beginner Level Arabic Language and Culture 1 is the first in a four-course beginner and intermediate Arabic language sequence specifically tailored to the needs of non-native Arabic language students in the English and Mass Communication Programs (though any non-native learner of Arabic may enroll). This course introduces the student to the Arabic alphabet and the basics of reading and writing in Modern Standard Arabic (MSA). Instruction in the language is enriched by reference to cultural themes and visits to sites of cultural importance.
ARAB 110 - Arabic Language and Culture for Native Arabic Speakers I (3 Credits)
Arabic literature has developed many traditions though originating from a common source. The course is an introduction to representative texts from contemporary Arab writers, and their connections with the traditions of the past. The method is comparative, with a study of literary, political social and religious aspects, as well as the application of a theoretical framework of analysis.
The course focuses on the nature and uses of computers with an introduction to word processing, spreadsheets, databases and presentation software and related lab projects and includes computer systems organizations, communications and networking, legal and ethical issues, effective presentation information, computer security and the internet.
This course introduces students to the basics of probability theory and statistical inference with examples and applications in sciences. At the end of this course, students will acquire the necessary quantitative competency in the program.
The course provides an introduction to the basic sources and historical contexts for the origins of Islam; some of the basic spiritual principles expressed in those sources; the contexts and practices that exemplify the spiritual principles; contributions Islam has made to civilization and to the political, social and cultural identity of the UAE. It will illustrate the concept of Islamic studies through a global, interdisciplinary and comparative approach and examine contemporary global and local issues that impact and are impacted by Islamic culture.
This course aims at equipping the next generation of leaders in the UAE with an innovative and entrepreneurial mindset and its related core skills. The course combines three main points: design thinking, entrepreneurship, and growth and leadership.
The Natural Sciences chosen from one of the following:
The course examines the interactions between human and environmental systems, and its effect on the future of environmental sustainability. Topics covered include global and local environmental change, conservation of the ecosystem, biodiversity, water management and climate change.
II. School Requirements (48 credits)
This is an introductory course in financial accounting which incorporates International Financial Reporting Standards (IFRS) and emphasizes the use of accounting information in an ethical manner. Topics covered include: Basic accounting concepts and processes with particular emphasis on double entries; the accounting cycle; transaction analysis; accounting for assets, liabilities, owner's equity, expenses and revenues recognition, introductory financial statement analysis; an introduction to the preparation of cash flow statements and ethical decision-making.
This is the first course in cost/managerial accounting. It discusses a range of introductory managerial accounting topics such as cost measurement and terminology, costs systems; analyzing cost-volume-profit relationships, job order and process costing, operating budgets, standard costing, introduction to capital budgeting and ethical managerial accounting-related decision-making.
This course is an introductory survey course in business analytics and is geared towards providing a broad coverage of descriptive, predictive, and prescriptive analytics techniques and applications within a business context. The course aims to introduce students to foundational concepts, methodologies, and tools required to understand the emerging role of business analytics in organizations, with a focus on decision making for efficiency, profitability, and sustainability. Through hands-on practice tutorials and assignments, students will also be introduced to computer-based modeling approaches to facilitate formulation, resolution, and interpretation of the results, and the process of transforming data into actions.
This course Introduces fundamentals of business models, and writing as a learning tool. The interrelationships between accounting, finance, information systems, marketing, and operations are the subject of several "learning by writing" deliverables. The course teaches business students effective methods for communicating business-related issues to clients, management and fellow employees.
This course provides essential underpinning support for research elements of higher level business courses. It allows candidates to make informed decisions and appropriate choices pertaining to research methodology. A range of business research tools, approaches and analytical techniques are discussed, and guidance is given on optimal structuring of research work in the business field, and the generation of research proposals.
This course is designed to help students apply functional knowledge gained from earlier courses and integrate these with more practical information and real-life experiences. The course takes the general management point of view, emphasizing the creation, implementation and evaluation of strategy in organizations. Students adopt the viewpoint of upper management, strategize and make essential "Big Picture" decisions, using standard strategic analysis frameworks. Students develop expertise in the analysis of complex business situations and in clearly presenting strategic findings both orally and in writing.
This course introduces students to the fundamental principles of macroeconomics in the context of current problems and its application to business decision making and economic policy. Students will be introduced to the economic way of thinking and how key concepts, theories and methods of modern economic analysis can be applied to everyday economic issues and problems. Key areas covered include demand and supply analysis and government policies; consumers, producers and the efficiency of markets; international trade; the national economy; business cycles; inflation; economic growth and stability; unemployment; and monetary and fiscal policy. Particular emphasis is placed on reviewing contemporary economic issues and how economics permeates almost every aspect of business, highlighting economics as the fundamental discipline underpinning the study of most business specializations.
This course teaches students the fundamental principles of finance. It covers the financial decisions that financial managers should make to maximize shareholders' wealth or a firm's value. These financial decisions include investment decisions, financing decisions, dividend decisions and working capital decisions. Students are taught how to apply financial theories to real life financial situations, financial ratio analysis, time value of money, stock valuation, bond valuation, capital budgeting and risk and return. It also discusses the difference between profit maximization and shareholders' wealth maximization. There is a general saying in finance that "If you can't measure it, you can't control it". Therefore, the course entails calculations and arriving at conclusions that help financial managers make financial decisions and measure financial performance.
This course presents essential management and organizational behavior theories and concepts. It examines the nature of managerial work under a range of business models and under rapidly changing business conditions. Managerial functions and activities such as planning, strategizing, organizing, controlling, and directing are examined in depth, and in the context of current organizational practice and scenarios.
Course Description:
This course introduces fundamentals of computer hardware, software, networking, Internet and its technology components. The discussions are centered on the role of technology in contemporary business, and include basic relational storage concepts, with hands-on experience in building business database applications and web sites.
The course also features a mini-project.
This course examines marketing principles, concepts, strategies, tactics, and analytical tools used by profit and nonprofit organizations to market ideas, products, or services to selected target groups. The course emphasizes how to promote, distribute, and price a firm's offering in dynamic economic, social, political, and international environments.
III. Major Requirements (21 credits)
This course introduces students to the principles and concepts of risk management and insurance. The course also discusses the theory and application of risk and insurance to real world financial decisions. Different disciplines define risk differently. However, in finance, risk is generally defined as the possibility or chances of not achieving the set objective of maximizing shareholder wealth or firm value. Students will study how financial managers identify, measure, control and monitor risk in order to eliminate, reduce, transfer or avoid it in their operational and strategic financial decision-making.
The course discusses basic objectives of financial institutions, with particular reference to industry structure and regulatory environment. It discusses decision variables that management should concentrate on to achieve objectives. It also reviews the role of financial institutions in allocation of funds in financial markets.
The Internship is designed for candidates on the undergraduate finance major programs. It lasts for eight weeks (240 hours), and provides exposure to business practices and issues, in appropriate settings. Candidates will typically opt to carry out internship with local UAE-based companies. The internship program is viewed as a "steppingstone" for a career in the field of the student's major. Students will receive orientation, induction, and relevant on-the-job training during their internship. The initial induction and orientation take place at the beginning of the internship and will serve to introduce the student to real-world business practices, culture and management, and provide them with a knowledge base to draw upon throughout the remainder of the internship.
The course analyzes financial decision-making in firms. It emphasizes the conceptual structure of financial problems and the use of advanced analytical techniques. The topics covered include investment decisions, financing decisions, dividend decisions, working capital management, current asset management, capital structure, mergers and acquisitions, and corporate planning models. The course requires students to use Excel software when working on a number of exercises and assignments.
The course analyzes modern techniques for portfolio management including evaluating standards for selecting individual securities to include or remove from portfolios. The course also discusses riskreturn analysis for portfolios, and portfolio performance measures.
The finance project-based internship course will provide students an experience of a self-employed work environment. The course will imbibe problem- solving skills and creative thinking among students. These life-long learning skills will enhance the employability skills of the students and their ability to become independent learners. The students will integrate the tools and concepts from the finance specialization courses to develop strategies to solve problems. Through a coaching and mentoring process, the students would produce a project report, which will allow them to showcase their learning acquired during their four-year study.
IV. Major Electives (9 credits in total from the list below)
Introduces options, commodity, and financial future markets as they function to provide pricing mechanisms and alternative investment vehicles. Lecture, discussion, and computer assisted research and weekly seminar.
The organization of capital markets, their role in the allocation of funds to various market segments, and interaction between markets. Topics include aggregate flow of funds analysis; and money, government, corporate, and mortgage markets.
Management of contemporary firms' international financial operations. Topics include foreign exchange risk, political risk, returns and risks of international projects, international money and capital markets, financial accounting, capital structure, and cost of capital.
V. Business Electives (9 Credits)
PLUS Any three courses from any major (major requirement courses and/or electives) other than the declared major.
VI. FREE ELECTIVES (3 credits)
Any course from other programs outside the school of business and not taken previously.
Admission Requirements
AURAK is dedicated to providing students with a high-quality education that prepares them for successful careers and fulfilling lives. To be considered for one of our programs, you'll need to meet specific criteria. Our admissions requirements are designed to ensure that each student has the skills, knowledge, and commitment required to thrive in our challenging and rewarding environment.
High School Requirements
Academic Program | Admission Criteria |
---|---|
All Business Programs | UAE Curriculum Advanced (Scientific) 70%
UAE Curriculum General (Literary) 75%
Non UAE Curriculum The University Recognizes all the other certificates and converts their grades to the equivalent grade. |
English Proficiency Requirements
Name of Exam | Score |
---|---|
Academic IELTS | 5.0 |
TOEFL – Paper based | 500 |
TOEFL – Internet Based | 61 |
EMSAT English |
1100 |
EMSAT Requirements
School | Program | Critieria |
---|---|---|
Business |
All Majors |
EmSAT Math (600) or equivalent Accuplacer score or 80% and above in Highschool |
Other Personal Documents
- Passport copy
- Copy of health card
- Copy of valid Emirates ID (UAE residents only)
- Health History Form (Completed and signed by a physician)
- Four (4) recent passport-size photographs
- Exemption letter from the National and Reserve Service Authority (UAE male applicants between the ages of 18 and 30 only)
- Birth Certificate
- Family Book (UAE nationals only)
- Army Exemption/Completion Letter (UAE nationals only)
Meet our experienced Faculty Members
Our faculty members are a core strength of our program, with diverse backgrounds, impressive academic pedigrees, and a solid commitment to enriching your learning experience. All of our faculty members hold Ph.D. degrees from respected universities worldwide and bring a wealth of professional and research experience to the classroom.
Dr. Tahseen Anwer Arshi
Associate Provost for Research and Community Service / Associate Professor / Director - The Center for Innovation and Entrepreneurship
Explore your Career Opportunities
Bachelor of Science in Business Administration (Major in Finance) courses offer excellent career opportunities not only in Dubai and the other UAE emirates but also globally. Gain a competitive edge in the job market with AURAK’s Bachelor of Science in Business Administration (Major in Finance).
AURAK’s Bachelor of Science in Business Administration (Major in Finance) leads to exciting career opportunities such as:
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Corporate Treasurer
-
Assistant Accountant
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Auditor
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Financial Controller
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Chief Financial Officer
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Finance Manager
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Forensic Accountant

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Last Updated: 15 Jun 2023
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