theme-img-mobile Strategic Plan

Strategic Plan 2024-2028



Introduction

This strategic plan is prepared based on the provision of the Law no. 80/2015 “On Higher Education and Scientific Research in Higher Education in the Republic of Albania”. The Department of Banking and Finance at EPOKA University has developed its Strategic Plan for the period 2024–2028, in alignment with the university’s overarching strategy and core values. The plan reflects the department’s commitment to providing high-quality education, fostering impactful research, and enhancing student development through practical, regional, and international engagement. 

The department has achieved high levels of student employability both domestically and internationally, with many alumni successfully pursuing graduate studies abroad. Furthermore, the academic performance of our students has consistently been outstanding, as demonstrated by the frequent recognition of our top graduates during the annual graduation ceremonies. The research activity has been constantly improving (having also student-professor collaborations in many publications). 

The latest global developments in the financial and banking sectors (introduction of new international curricula), combined with the Albanian market needs (which has a moderate development, especially in the financial sector), presents both challenges and opportunities for the department. On the other hand, the collaboration with the public institutions, together with the financial sectors is essential in the continuous development of our department.

The department of Banking and Finance provides education, research and administrative support to bachelor, masters and PhD students. The department has several strengths drawn from:

  • Very good local and international cohort of students
  • Highly recognized and integration of students in prestigious and reputational public and private institutions
  • High employment rate of graduates
  • Ambitious qualified and diversified international academic staff
  • Research incentives alignment of the unit with institutional initiatives

The department faces challenges stemming from the increasing flow of information, increasing competition in higher education, and high international mobility of graduates. Some of the challenges are:

  • Updating curricula to serve rapid changes in the industry
  • Integrating academic staff research into curricula
  • Keeping up with the changes in the labor market
  • Providing academic and professional promotional opportunities for students
  • Exposing students to global financial markets to enhance their practical skills and international competitiveness


The department realizes that there are opportunities to seize on strengths and challenges mentioned. These opportunities would include the following:

  • Maintaining a commitment to the continuous improvement of curricula offered at all three levels of education.
  • Formalize the interaction with key industry stakeholders and develop an action collaboration plan. 
  • Actively engaging academic staff, students, employers, and industry stakeholders to inform continuous enhancement of course content and curriculum design.
  • Work on connecting even more curricula and student activities with the industry through internships, guest lecturers, invited speakers, and excursions to global financial markets.
  • Foster open and responsible research and innovation by increasing the collaboration between the stakeholders such as  academic staff, students, industry, and international markets/scholars with respect to conducting basic and applied research.
  • Expand provision of case-based learning, simulations, and applied finance labs
  • Develop double-degree programs with European or regional partner universities
  • Encourage collaborative research  and promote publication in high-impact journals
  • Expand access to platforms and international databases for students and staff


1. Vision

To be recognized nationally and regionally as a leading department in banking and finance by excelling in teaching and research, while expanding our impact through the enrollment of students in innovative, industry-relevant study programs that respond to the rapid evolution of the financial sector.


2. Mission

The mission of the Banking and Finance Department is to graduate skilled professionals to be prepared for the high demanding job market looking for qualified candidates in the field of Banking and Finance. This is achieved by offering high quality education in the three cycles bachelor, master and doctoral level; at the same time by having a strong research community created by our academic members and students, and moreover by having a strong collaboration with the state and financial institutions in Albania.


3. Core values

  • Uphold the universal mission of education and research, embracing the free pursuit, creation, and dissemination of knowledge.
  • Commit to the highest ethical standards, respect universal principles, and act with fairness, honesty, and responsibility in all our academic and administrative practices.
  • Foster a culture of respect, tolerance, and inclusion toward all religions, languages, genders, nationalities, ethnicities, and viewpoints, valuing diversity as a source of strength and innovation.
  • Strive for excellence in teaching, research, and service while remaining open to innovation, creativity, and continuous improvement.
  • Committed to participatory, transparent, and decision-oriented governance that is responsive, timely, and effective in addressing institutional and stakeholder needs.
  • Activate the third mission of universities of creating impact for society through actively engagement with the community and continuously foster collaboration to become a leading center of learning and research at both local and international levels
  • We value the well-being of our staff and students by promoting a healthy work–life balance and a supportive, inclusive academic environment.
  • Promote and uphold United Nations Sustainable Development Goals (SDGs). 


4. Sources

In order to fulfill the mission and realize the vision through the development of several strategies (listed below), there are some important components to be considered. First of all, the number of department academic staff members should be increased in order to put in place the above-mentioned values, mission and objectives. Increasing the number of dedicated, qualified and experienced staff will obviously increase the quality in teaching and research outcomes. Increasing quality in education will attract more students and increase the competition among them resulting in highly skilled students in the department. This fruitful cycle will help to sustain growth in quality as well growth in income. This increased income will further contribute to the fulfillment of the goals and priorities below.


II. Priority Areas – Themes

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info@epoka.edu.al
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