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MSc in International Shipping, Finance and Management (ISFM)

The Interdepartmental MSc in International Shipping, Finance and Management (ISFM) comprises a unique combination of the three knowledge areas, which are essential for those employed or are interested to find work in the International Shipping industry. This is achieved through a modern, well-structured program, which combines reading of the international literature, laboratory classes, case studies, workshops, teaching, visits to companies and an academic dissertation aimed at enhancing research skills. The academic members of staff involved in the program are producing highly pioneering research in their respective fields of study. Business executives are also invited as keynote speakers in the program. All the above are disseminated in the curricula of the course units to make up a distinct educational program.

The University is a highly acclaimed State institution both at National and International levels, which offers officially recognized postgraduate programs. It offers excellent study copy volumes of scientific and business journals, newspapers and magazines, databases and specialized software in its laboratories. This enables fast and efficient access to relevant information and data for students, which is vital in pursuing high standards of research and study. The School of Business Administration and the School of Economics are involved in the MSc program through their relevant Departments of Accounting and Finance and Management Science & Technology and of the International & European Economic Studies, respectively.

The Professors of the MSc in ISFM are Ph.D. holders. They have solid educational backgrounds, significant professional work experience, influential scientific publications and presentations in international conferences. Their work has gained international recognition, have received teaching prizes by Greek and non-Greek universities, and are members of important international associations and committees.

The Location of the MSc program, at the heart of one of the most important International Maritime Centers of the World, is deemed extremely important for the networking and the employment opportunities it offers to its participants. More than 700 shipping companies are established here in Attica (around the port of Piraeus and in Athens and its suburbs), owning and managing a fleet of ships with the world’s highest tonnage capacity. Clients of these companies are also established here to serve them, including more than 1,000 shipbroking firms, financial institutions, international auditing and accounting firms, insurance companies, classification societies and shipping lawyers, amongst others. This enables direct access to market resources, such as industry scholarships which are offered to MSc students, student placements with companies in Greece and abroad, guest speakers from the industry, visits to companies and to the port of Piraeus and COSCO and significant networking opportunities.

All the above constitute a distinguished learning environment, providing students of the MSc with top quality relevant theoretical and practical knowledge, thus allowing graduates of the MSc in ISFM to be highly competitive in the job market and obtain immediate work placement following graduation.

In short, the MSc in International Shipping, Finance and Management is a significant investment in the professional careers of its graduates.

The Director of the MSc ISFM, Prof. Manolis G. Kavussanos


  • Ranked 5th in the World by Eduniversal 2018 and 2019 Masters' Rankings

  • Postgraduate studies in an International Maritime Centre, in Greece – with the highest ownership (in tonnage) in the World and over 700 shipping-related companies located here

  • The opportunity to study at AUEB, a top School for Economics and Business in Greece and Internationally, recognized for its quality of education, research and training

  • An academic program taught by world class professors - all of them being PhD holders, constantly reviewed to fit the needs of the industry

  • A Masters' Program totally in English, preparing graduates for the workplace 

  • Placements with companies in the maritime and financial sectors at the end of the taught part of the Program

  • Regular business visits to companies related to shipping, finance and management and many networking opportunities throughout the Program

  • Executive guest speakers from the industry

  • Specialized Workshops preparing students both for the Masters' Program and the workplace requirements

  • Lectures take place at AUEB’s Centre for Research and Postgraduate Studies and the new state-of-the-art AUEB premises inaugurated in May 2017 by the President of the Hellenic Republic

  • State-of-the-art laboratory (ISFM Lab) with brand-new, latest-technology equipment, providing access to major databases, newspapers, periodicals and academic journals related to shipping, finance and management

  • Scholarships available to suitable applicants

  • Academic excellence prizes, awarded to students at the end of the full and part time programs

  • The Program has won awards from organisations such as Equal Society for its social responsibility

  • Exemptions from exams of Professional Organisations such as HSA and ICS

  • International cooperation with International Maritime Universities

  • Prestigious organisation of International Conferences (such as IAME 2019).

Graduates' Testimonials

 "If I look back and think about my experience with the MSc in ISFM, I'd say I would definitely do it again". Read more...

"Throughout this one year I was transformed from a graduate student to a business-ready, tech savvy professional, ready to take on any job opportunity that would come my way". Read more...

"The program challenged me to push my personal limits and prepared me for unpredictable ways in my career. It was a truly valuable educational experience". Read more...

"The knowledge and skills acquired at the master can be immediately applied to a business environment, as a result, the program can be the essential introduction for those interested in the shipping industry". Read more...

"AUEB is an amazing institution and this MSc boosted my professional effectiveness and added value on my career expectations". Read more...

"During the last period of the program I had a three-month internship. Upon completion of that internship I found a job in the crew department of a reputable shipping company". Read more...



03-12-2021 Kindly note that due to the precautionary measures against the covid-19 situation, the MSc in ISFM Secretariat office is open to the public for telephone or in person contact on... More
30-07-2021 Kindly note that the Secretariat Office of the MSc Program in International Shipping Finance and Management will remain close for summer holiday between 02/08 and 22/08. Have a... More
19-07-2021 Due to the great interest received from prospective applicants, the M.Sc. in ISFM Program opens the applications process for the September 2021 intake until Sunday, 25th July. ... More
19-07-2021 The AUEB M.Sc. in ISFM provides its graduates with the opportunity to obtain a double Masters’ Degree from AUEB and EDHEC Business School.  M.Sc. in ISFM graduates can study for... More
28-04-2021 On behalf of the Director of the MSc in International Shipping, Finance and Management, Prof. Manolis G. Kavussanos, we wish you a Happy Easter!... More
23-04-2021 Save the dates! M.Sc. in ISFM Live Virtual Open Day: Wednesday 26th of May, 18:30-20:00 Please register no later than Tuesday 25th of May at 14:00:... More
09-04-2021 The Hellenic Marine Environment Protection Association (HELMEPA) has announced for the Academic Year 2021-22 three Master's Level scholarships for full-time programs at... More
12-03-2021 The second round of applications for the new intake in September 2021 is open and the call is available at the following link:... More
11-03-2021 This is a unique and exciting chance to join us for the 2nd M.Sc. in ISFM Virtual Open Day on Tuesday 6 April, 19:00-20:30! You will have the opportunity to get a complete... More
08-03-2021 Great international recognition for Athens University of Economics and Business!... More
25-02-2021 Join us for a M.Sc. in ISFM Virtual Open Day on Tuesday 2nd March, 19:00-20:30! You will have the opportunity to get a complete presentation of the M.Sc. Program by its Director,... More