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