The specialty “Finance” in the direction “Economics and Entrepreneurship” is licensed at KNUTD by the decision of the State Accreditation Commission of the Ministry of Education of Ukraine No. 8, dated 9.06.99. Since 1999, full-time students, and since 2000, part-time students have been enrolled in the program. To provide the training and graduation of financial experts, the University established the degree-granting Department of Finance on June 30, 2004. In June 2004, the staff of the Department accredited the specialty “Finance” at the educational qualification levels “Bachelor” and “Specialist”; and in May 2005 – at the level of “Master”.

According to the Resolution of the Cabinet of Ministers of Ukraine dated April 29, No. 266 of 01.09.2015, a new list of specialties was introduced. Under this list the training program 6.030508 “Finance and Credit” was transformed into the specialty 072 “Finance, Banking and Insurance”, with the corresponding educational program “Finance, Banking and Insurance”. In 2025, by the Resolution of the Cabinet of Ministers of Ukraine dated August 30, 2024 No. 1021, the code of the specialty “Finance, Banking, Insurance and Stock Market” was changed from 072 to D2.

In 2022, the Department opened a postgraduate program to train students for the third educational and scientific level of higher education in the specialty D2 "Finance, Banking, Insurance and Stock Market", the educational program "Finance, Banking and Insurance".

Specialty D2“Finance, Banking, Insurance and Stock Market”, educational program “Finance, Banking and Insurance”, educational degree “Bachelor”:

The training of specialists in Finance, Banking, Insurance and Stock Market involves the formation of the following competencies:

• deep knowledge and understanding of financial transactions and their implementation through appropriate  methods and tools;
• skills in assessing the financial condition of the enterprise and its separate components, identifying problems, and financially justifying the ways for their solution;
• ability to effectively apply the economic and mathematical methods used in substantiation of financial decisions;
• experimental skills in modeling, forecasting, and planning of financial activities of business entities, as well as analysis and critical evaluation of experimental data;
• ability to apply modern methods of system analysis in analyzing and evaluating financial processes.

Specialty D2 “Finance, Banking, Insurance and Stock Market”, educational program “Corporate Finance and Investment Consulting”, educational degree “Master”.

The objectives of the program are:

to train specialists capable of conducting  research using modern approaches, methods, and technologies of financial management and consulting to address scientific and applied problems, while taking into account the requirements of a dynamic business environment; to provide students with practical skills in conducting financial transactions by applying relevant knowledge, methods, and technologies in the fields of finance, insurance, investment, the stock market, and financial services;

ability to assess the financial position of an enterprise and its individual components (asset status, liquidity, solvency, financial stability, business activity, financial performance, etc.), identify problems, and provide financially sound solutions;

ability to perform analytical, evaluative, and forecasting functions, particularly in relation to enterprise financial management, bankruptcy probability assessment, investment project development, and business valuation;

ability to evaluate and manage financial risks in the financial services market, including calculating operating surcharges and estimating the value of forward, futures, options, and swap contracts;

ability to understand and apply economic and mathematical methods in substantiating financial decisions.

Degree of higher education – bachelor. Course length – 3 years and 10 months.

Specialty D2 "Finance, Banking, Insurance and Stock Market", educational program "Finance, Banking and Insurance", educational degree "Doctor of Philosophy".

The aim of the program is to train highly qualified and competitive specialists in finance, banking, insurance, and the stock market who are integrated into the global and European educational and scientific space, and who possess the competencies necessary to address complex management problems through research, innovation, and the generation of new knowledge.

The main objectives of the program are: mastering the methodology of scientific and pedagogical activities; gaining experience in conducting one's own scientific research, the results of which have scientific novelty, theoretical and/or practical significance for national or global science.

OUR EDUCATIONAL PROGRAM IS:

1. ability to apply analytical skills and experience to ensure the confidence of corporate executives, investors, and regulators in the reliability of financial statements and other critical business information;
2. сontinuous development of professional expertise, enhancing a specialist’s value throughout their entire career within the company;
3. training in accounting for enterprise economic activities in accordance with current legislation and regulatory requirements;

development of analytical abilities for managing enterprise financial resources, enabling prompt and competent execution of tax and other mandatory payments.The professional directions for specialists in accounting and taxation are:

• specialist in accounting, analysis, audit, and control;
• specialist in digital accounting and tax consulting;
• financial specialist;
• enterprise economist;
• marketing specialist;
• personnel (HR) manager;
• economist of foreign economic activity;
• banking specialist;
• State Treasury specialist;
• taxation specialist;
• business insurance specialist;
• commercial activity specialist;
• economist.

OUR EDUCATIONAL PROGRAM IS:

1. opportunities to advance your career from the very beginning, including the ability to join international teams that think and act globally, working beyond the limits of specific countries or industries;
2. experience working with major international corporations, fast-growing companies, and direct investment funds through participation in large-scale projects in the global market;
3. early development of skills for risk prevention and rapid response to unlawful actions, which is critically important in today’s business environment;
4. preparation for a career in audit services, including access to up-to-date information in auditing and accounting, implementation of international methodologies, and use of advanced technical tools.

After completing the program, the graduate will be able to demonstrate

• deep knowledge and understanding of accounting for international transactions, system analysis of the global business environment, and monitoring of major market competitors;
• strategic counseling (modeling of market situations taking into account international competitiveness, development of international marketing strategies of companies, development of strategies and programs in the field of social responsibility, development of business management strategy, organization, planning, and implementation of international financial business);
• ability to manage fraud risks (developing programs to reduce the risk of fraud, commercial and contractual disputes, and the risks of significant insurance payments);
• experimental skills in reducing the risk of disputes and maximizing the value of transactions by conducting a forensic examination of contracts;
• ability to carry out a comprehensive analysis of international business and facilitate the independent verification of company reports in accordance with international standards;
• ability to assist clients in solving issues related to the prevention of official crime, ensuring compliance with legislative and regulatory requirements, and applying the correct approach to solving disputes that may adversely affect the effectiveness of the activity.

 The professional activities of specialists include the following areas:

• pursue a career in the field by obtaining an auditor’s certificate and a judicial expert certificate in the economic sphere, enabling work as an auditor, head of an audit firm, head of an internal audit service, or independent judicial expert;
• to be engaged in scientific and teaching activities, get postgraduate education, and obtain a PhD degree;
• to hold positions as an accounting specialist, analyst, or auditor in:

- organizations and enterprises of various forms of ownership, engaged in international business activities;

- law firms providing services to Ukrainian and foreign firms in the field of trade policy;

- subdivisions of the state customs;

- institutions; consulates, embassies; diplomatic and trade missions of Ukraine abroad;

- international media and telecommunication companies;

- international financial institutions and international departments of Ukrainian financial and credit institutions;

- international departments of insurance companies and travel companies.

The training of future specialists in Finance, Banking, Insurance and Stock Market is carried out by highly qualified academic staff (3 Doctors of Sciences, 6 Candidates of Sciences).

Structure of the Department:

• Head of the Department - Doctor of Science in Economics, Professor Iryna Tarasenko;
• In 2025-2026, the academic staff consist of 4 Doctors of Sciences, Professors;
• 3 PhDs, Associate Professors;
• Trade Union representative - senior laboratory assistant Svitlana Rybchynska.

Iryna TARASENKO, Head of the Department of Finance, Doctor of Science in Economics, Professor Research interests: problems of enterprise finance, value-based management, strategic financial management and sustainable development, management of economic potential and competitiveness of higher education institutions.

Andrii ZOLKOVER, Doctor of Science in Economics, Professor Research interests: financial markets, de-shadowing of the economy, macroeconomic stability.

Valentina LEVCHENKO, Doctor of Science in Economics, Professor Research interests: state supervision and regulation of financial markets.

Victoriia MARHASOVA, Doctor of Science in Economics, Рrofessor, Honored Economist of Ukraine Research interests: financial security, financial control, financial stability, financial management, sustainability of the national economy, economic, environmental and national security, innovative development technologies, working capital management, higher education system.

Olha BATRAK, PhD in Economics, Associate Professor Research interests: formation of an effective model of economic development.

Olena SEREDA, PhD in Economics, Associate Professor Research interests: Corporate finance, Financial support for sustainable development, Financial security.

Yuliia RUSINA, PhD in Economics, Associate Professor Research interests: investment in human capital at the micro-level.

In the 2025-2026 academic year, 114 students (75 full-time and 39 part-time students) and 9 postgraduate students study at the Department of Finance and Business Consulting at KNUTD.