FAQ

Frequently Asked Questions

Q: How will the applications be processed and admission decisions reached?

A:
As indicated in our application procedure, we ask you to provide a detailed CV, two reference letters, a Statement of Purpose (in English) not exceeding 200 words, along with other necessary documents. On the basis of this background information we will make a first round selection for a thorough interview. The final evaluation will be based on all available information, including the interview.

Q: Do I need to prove my proficiency in English?

A:
For the language requirement the Boğaziçi University English proficiency requirement equally applies for our Program. For detailed information, see the web page http://www.boun.edu.tr/graduate/organization/admission_grad.html. Official test scores have to be submitted before the official registration deadline set by Boğaziçi University. For this year's YADYOK exam please refer to:http://www.yadyok.boun.edu.tr.

Q: Is there an MA Thesis requirement?

A: 
No. There is a term project requirement.

Q: What prerequisite knowledge is expected to attend the program?

A: 
A knowledge of calculus at the intermediate level is highly recommended. There will be a refresher course in mathematics betwen July 11—July 20, 2017. There will be a waiver exam for this course on July 4, 2017, and those who are not successful in the waiver exam will be asked to take the refresher course (there is no extra fee for this  course).

Q: How about work experience?

A:
Although our program is mainly designed for those who currently work (“executives”), and therefore most applicants will naturally have work experience, we welcome new graduates as well.

Q: How about the class size?

A:
The class size shall be 40.

Q: How long will it take me to complete the program?

A:
The curriculum is designed to be completed in one full year, divided into three terms: fall-spring-summer (see the program).

Q: What are the academic rules that I have to follow?

A:
All academic rules of Boğaziçi University apply to our program as well. For information: www.boun.edu.tr/government/rules/lisansustu_index.htm

Q: How much does the program cost?

A:
Tuition for the 2017-2018 academic year is 43,890 TL, paid in three installments: 17,290 TL in September, 17,290 TL in January, and 9,310 TL in June.

Q: How about financial aid?

A:
Scholarships are granted in the form of a partial tuition waiver to a few outstanding candidates. Scholarship recipients are expected to excell in the program. All applicants are considered for scholarship automatically.

There is a discount for registered students from the same company: two applicants registered to the program from the same company would be entitled to 10% discount each; three applicants registered to the program from the same company would be entitled to 15% discount each; and four applicants and above would be entitled to 20% discount each. These discounts would strictly be limited to three-semesters. Firms operating under the same corporate structure are considered to be a single entity as long as they are in the same sector (for example, if a company has direct ownership of different firms operating in banking, insurance and leasing, these are considered as one company).

Q: What degree is granted upon completion of the program? MA? MS? MBA?

A:
Master of Arts (MA) in Economics and Finance.

Q: How does this Economics and Finance program compare to mathematical or computational finance master programs or master programs in financial engineering?

A:
Unlike mathematical or computational finance master programs, we teach both economics and finance. Complemented with a set of well-chosen case studies, the program  gives students a solid foundation in the principles of corporate finance, portfolio selection theory, risk analysis, microeconomics and open-macro economics. Quantitative techniques, like financial econometrics, are explored both at theoretical and at applied levels. Our philosophy is to cover the intersection and the interaction between fields of economics and finance.

Q: Can I take undergraduate courses while enrolled at ECONFIN?

A: No.

Q: Is it possible to transfer courses taken at other universities?

A: No, it is not possible.

Q: Do we need to obtain certification of  equivalence from YÖK (Higher Education Council) for degrees taken outside Turkey?

A: Yes.

Q: Are we going to be eligible for  a Boğaziçi University student ID?

A: Yes.

Q: Do you discriminate based on university previously attended in admission decisions?

A: No. We consider the totality of the information in your CV.
 
Q: Is there an English preperatory class?

A: No.

Q: Is it possible to start the program in the spring term?

A: No.

Q: Can the graduates of Open University (Açık Öğretim Fakültesi) apply to your programme?

A: Yes.

Q: Is it possible to transfer from another university or program to ECONFIN?

A: No.

Q: Will the program follow the academic calendar of Bogazici University?

A:
Yes. The Boğaziçi University academic calendar is available at: http://www.boun.edu.tr/calendar/index_tur.html

Q: When will the  interviews be held and when will admission decisions  be announced?

A:
Applicants who will be invited for an interview will be announced no later than June 15, 2017.

The interviews will be conducted between June 17-June 19, 2017.

Applicants who are admitted to the program will be announced on June 28, 2017.

Q: What if I have more questions?

A:
Please e-mail us at econfin@boun.edu.tr or call us on Tuesdays, Wednesdays and Thursdays at:

(212) 359-69-09 or (212) 287-18-92.