Licence in Finance

Program Overview

This program provides you with an essential understanding of the economic and financial processes and management practices adopted by financial services institutions and businesses across industries. You’ll acquire the background to handle an array of financial challenges including the impact of interest rates, be able to perform risk analyses, know how to determine the value and return of investments, and grasp the regulatory environment.

The program is also an excellent step toward graduate studies, such as the Master of Business Administration (MBA) in Finance or Business Analytics, as well as recognized professional certificates such as the CFA.

Learning outcomes

By the end of this program, students will be able to:
Identify the functions of financial markets and institutions.
Investigate advanced time value of money , and capital budgeting.
Explore the international integration of financial markets.
Examine the nature of the commercial banking business.
Identify and analyze derivative instruments and strategies used by investors and corporations to hedge financial risks.
Determine and analyze the appropriate measures of risk and return for various financial instruments.

Career Prospects

With a Major in Finance, you can apply for jobs such as:
Credit Analyst
Loan Officer
Mortgage Banker
Private Banker
Financial Analyst
Credit Manager
Portfolio Manager
Financial Advisor


The Tuition is charged in a flat-fee structure, fixed for one year of study.

Tunisian Students

Registration Fee: TND 1,000 the first year.

Tuition: TND 8,000 per year.

International Students

Registration Fee: United States $ 1,000 the first year.

Tuition: United States $ 6,000 per year.

Payment Details

Bank Account Holder: American University in North of Africa.

Bank Name and Address: Attijari Bank, Agence El Manar, Tunis.

Account Number: TN59 04 106 058 0036089761 08.


Students can apply for a bank loan or a merit scholarship.

Curriculum description

Business core requirements (30 Credit Hours):

Course Title Credit hours
MGT 101 Introduction to Business 3
ACC 202 Financial Accounting I 3
ACC 205 Financial Accounting II 3
MIS 201 Principles of MIS 3
MGT 301 Principles of Management 3
MKT 201 Principles of Marketing 3
ACC 208 Managerial Accounting 3
MGT 401 Interpersonal Communication Skills and Human resources management 3
FIN 202 Principles of Corporate Finance 3
MGT 301 Production Management 3

Non-Business required courses (30 Credits Hours)

Non-business required courses : (30 credit hours)
Course Title Credit hours
ECO 101 Principles of Micro-economics 3
MAT 101 calculus I 3
ENG 101 Academic Writing I 3
CSC 101 Principles of computer Science 3
STA 101 Business Statistics I 3
LAW 202 Introduction to Business Law 3
ECO 108 Principles of Macro-economics 3
MAT 202 calculus II 3
STA 202 Business Statistics II 3
ENG 201 Academic Writing II 3


A. Required Courses: (21 credit hours)
Course Title Credit Hours
FIN 320 Financial Institution Management 3 Credits
FIN 350 International Corporate Finance 3 Credits
FIN 360 Investments and Portfolio Management 3 Credits
FIN 370 Derivative Securities 3 Credits
FIN 380 Capital Investment Analyses 3 Credits
FIN 420 Financial Markets and Institutions 3 Credits
FIN 490 Finance Internship 3 Credits
B. Elective Courses:(9 credit hours) In addition students must also take three of the following courses(9 credit hours):
Course Title Credit Hours
FIN 400 Capital Investment Analysis 3 Credits
FIN 430 Linear Algebra 3 Credits
FIN 440 Risk Management 3 Credits
FIN 450 Actuarial Science 3 Credits
FIN 460 Real Estate Investment Analysis 3 Credits
FIN 470 Quantitative Finance 3 Credits
FIN 480 Option and Future Market 3 Credits
FIN 490 Entrepreneurial Financial Management 3 Credits
FIN 491 Foreign Exchange Market 3 Credits


Non-Business Elective Courses : (30 credit hours). Students must select any 10 courses from the following list :
Course Title Credit Hours
PHI 101 Principles of Philosophy 3
PHI 20% Philosophy of Ethics 3
SOC 101 Principles of Sociology 3
PSY 101 Principles of Psychology 3
SOC 101 American Culture 3
COM 101 Communication 3
ENG 300 Modern American Literature 3
MUS 101 Modern American Music 3
DAN 101 Modern American Dance 3
DRA 101 Modern American Drama 3
MOV 101 Modern American Movies 3
GEO 210 Principles of Geography 3
ITT 201 Principles of Information Technology 3
POL 301 International Politics 3
ECO 301 International Economics 3
POL 301 International Relations 3
ENG 410 International English Literature 3
COM 400 International Communication 3
GEO 400 International Geography 3
ANT 101 Principles of Anthropology 3
HIS 300 Contemporary World History 3
ECO 300 Intermediate Micro-economicsII* 3
ECO 310 Intermediate Macro-economicsI* 3

Business Electives (15 credit hours)

Minors : AUNA offers an opportunity to its students to select a minor in any of the following fields:

  • Finance
  • Digital Business Management
  • Marketing

Students desiring to have a minor MUST earn 15 prescribed credits within the selected minor filed. They MUST fill out a “Prescribed Minor Form” and obtain the permission of their Academic Advisor and Department Chair housing their major for the approval of a minor.

Students would be allowed to earn 15 credits in their minor field on the top of 60 business credits making business credit hours up to 75. Considering students taking courses in minor field, their Non-Business Elective Courses credits would drop to 15 credits hours.

This provision only applies to students seeking minors in one of the aforementioned business fields.

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