Along with the development of Vietnam's industrialization, modernization and deep integration in the international arena, the field of economics in general and economics – finance in particular has received great attention from everybody.
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Many higher education institutions choose to enroll and train in Economics – Finance to serve human resources for the labor market.
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International joint training program awarded by the US
Talking to reporters from Vietnam Education Electronic Magazine, Dr. Tran Thi Thu Hien – Head of the Department of Foreign Language Training and Fostering, University of Foreign Languages, Hanoi National University said that the training program The Economics – Finance major of this unit is an international joint program, jointly organized by the University of Foreign Languages, Vietnam National University, Hanoi with Southern New Hampshire University (USA).
The Economics and Finance major is jointly organized by the University of Foreign Languages, Hanoi National University, and Southern New Hampshire University (USA). Photo: NTCC
“This major is recruited based on the needs of learners and the context of Vietnam's education system in the 2010s. At that time, many students and parents wanted their children to have access to advanced education. new, you can use foreign languages to study specialized subjects to increase job opportunities at foreign businesses.
Therefore, starting from 2010, the Economics – Finance major was recruited and trained at the University of Foreign Languages, Hanoi National University” – Dr. Tran Thi Thu Hien added.
The training goal of this major is to help students have solid knowledge and expertise in the fields of economics and finance; has outstanding, multi-dimensional understanding of the Vietnamese and world markets and economies; At the same time, use English fluently at work.
The plus point of this Economics – Finance training program is that both the educational institution and the training program are accredited by reputable accreditation organizations in the world. It is known that this Economics and Finance program is accredited by NECHE (New England Commission of Higher Education); and the training program is accredited by ACBSP (Accreditation Council for Business Schools and Programs).
Although it is a training program awarded by an American school, the training process is closely supervised by Hanoi National University, so the student's diploma is both internationally valid and recognized. Recognized by Vietnam Ministry of Education and Training.
This also means that, while studying one program, students are given a student code and enjoy the benefits of both educational institutions, Southern New Hampshire University and the University of Foreign Languages, Hanoi National University. .
Talking more about the coordination between the two educational institutions in training the major, the dean said that 40% of the faculty of the major were sent to Vietnam to teach by Southern New Hampshire University. The remaining subjects will be taken by lecturers from the Department of Economics, University of Foreign Languages, Hanoi National University and visiting lecturers at universities in the field of economics and finance in Vietnam. .
In addition, students enrolled in this program also have the opportunity to study 6 – 12 months at Southern New Hampshire University, attending classes in the US (but only have to pay tuition equal to the level in Vietnam instead of paying Tuition fees are as high as other American students).
Currently, the tuition fee for this major when studying in Vietnam is 2,500 USD/year while the tuition fee in the US is 29,300 USD/year (tuition fee for this major does not change, only changes according to the USD exchange rate in each period).
As a fourth-year student of this major at the school, Ha Kieu Linh said she was quite confused between choosing to study foreign languages or economics when preparing to enter university.
Ha Kieu Linh – 4th year student majoring in Economics and Finance at University of Foreign Languages, Hanoi National University. Photo: NTCC
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“Because both of these industries are important and have many opportunities for the future, I have considered and researched the information very carefully. During that process, I learned about the Economics and Finance major of the University of Foreign Languages. Realizing that the major met both of the requirements I wanted, I made my wish” – Kieu Linh shared.
Sharing more about the learning process, Kieu Linh said that the curriculum is quite interesting and diverse. In addition to modules on economics, personal finance, and corporate finance, students can also participate in modules on music appreciation, marketing…
However, this student believes that this is not an easy major. Because the specific field requires mathematical and analytical knowledge, if you do not study Math well, it will be a challenge.
“In addition, I had difficulty studying with foreign lecturers in the early stages. In some subjects, I couldn't keep up with the instructor's teaching speed, so I felt confused and frustrated. This is not my own difficulty, but the difficulty of many students when they first study this field.
However, to solve that difficulty, the school's Foreign Language Training and Development Department has organized free tutoring classes in Vietnamese. During these teaching assistant sessions, students receive additional answers to understand the knowledge they have not yet acquired. I think this is a good solution to support students in the learning process that not all international joint programs have” – said Ha Kieu Linh.
Sharing more about the issue of supporting students who are weak in foreign languages, Dr. Tran Thi Thu Hien added: “To meet the needs of international integration, students of the major need to meet English proficiency conditions.” Level 4 (equivalent to level B2 according to the common European foreign language reference framework) is through taking foreign language certification exams such as IELTS, VSTEP, TOEFL…
In case the English level does not meet the requirements for level 4, students can attend 1-2 intensive English courses to prepare knowledge and take the foreign language certificate exam as required.
Students majoring in Economics and Finance have good practical ability
It is known that the Economics – Finance major at the University of Foreign Languages, Hanoi National University is included in the admission system of the Ministry of Education and Training, so candidates can set their wish to be admitted to the major. This is on the admission portal of the Ministry of Education and Training.
In the last 5 years, the Economics – Finance major of the University of Foreign Languages, Hanoi National University has enrolled about 300 – 400 students/course. It is expected that in 2024, the school will enroll 350 students.
Admission standard for the Economics – Finance major of the University of Foreign Languages, Hanoi National University in the most recent 6 years (from 2018 – 2023).
According to the reporter's statistics, in the last 6 years (from 2018 – 2023), the school's standard admission score for this major has ranged from 19.07 – 26.68 points. Specifically, in 2018 it was 22 points, in 2019 it was 19.07 points, in 2020 it was 24.86 points, in 2021 it was 26 points, in 2022 it was 24.97 points and in 2023 it was 26.68 points.
Up to now, there have been 10 graduates in this major. Through the school's survey, up to 98% of students have jobs (after 3 months of graduation) in professions such as finance, investment, securities, insurance, banking, media, marketing…
“Students studying Economics and Finance at the school are students with specialized training in the field of economics and finance. Furthermore, students are also fluent in foreign languages (specifically English). . This is a strong point of students when studying the international joint training program in Economics – Finance of the University of Foreign Languages compared to students specializing in languages or specializing in economics and finance, helping students I expand job opportunities” – Dr. Hien commented.
Mr. Tran Ngoc – former student of Economics – Finance, University of Foreign Languages, Hanoi National University, currently Head of Investment Consulting Department at VPS Securities Company said: “I am a student myself. The student matured from the field of study and was fortunate to receive guidance from teachers and choose the right working environment, so he achieved certain achievements at work.
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Therefore, I always want to be able to become a bridge between the school and the company, both helping students of the school's Economics – Finance major find a suitable working environment, and helping the company recruit and train them. create bright candidates”.
Currently, besides recruiting students in this major at the University of Foreign Languages, Hanoi National University, VPS Securities Company also recruits students from many other higher education institutions.
Students majoring in Economics and Finance can intern and work in many positions such as: stock broker, media, technical analyst and fundamental analyst,…
“The average salary of new graduates working in communications and analysis ranges from 10 – 15 million VND/month. As for you who are brokers, the salary will be higher, because besides the fixed salary, you also have commission costs. On average, official employees at VPS have an income of over 20 million VND/month.
For those who excel, know how to build a personal brand through social networking platforms (such as Youtube, Tiktok…) and convert well, they will still have a 9-digit income and can develop to a management position. ” – Mr. Tran Ngoc further informed.
Further evaluating the abilities of students graduating from the Economics – Finance major, Mr. Ngoc found that these are well-trained students with solid foundational knowledge of economics, corporate finance, and accounting. mathematics, investment analysis, project analysis… Understanding of financial management, data analysis and especially acumen with the financial market are important factors for you to be able to start. Good rhythm with working environment.
Besides, when working in this field, actual combat ability is very important. In addition to theoretical knowledge, practical skills are needed through internships, real-life projects, or extracurricular activities related to the field of study.
In this regard, Mr. Ngoc evaluates that students majoring in Economics and Finance at the University of Foreign Languages have many advantages, because they are very active and the school creates conditions for them to participate in many activities to improve their skills. practice in the learning process.
Mr. Tran Ngoc – former student of Economics – Finance, University of Foreign Languages, Hanoi National University, currently Head of Investment Consulting Department at VPS Securities Company – a unit recruiting Economics students Economics – Finance works. Photo: NTCC
“However, it is also necessary to consider the challenges that new graduates may encounter when working in this field. Because the competition in the economic and financial fields is very great, it will require people working in this field to continuously learn and improve their knowledge.
In the age of technology, having solid knowledge of information technology and knowing how to use technological devices to optimize work processes will certainly be a competitive advantage for new graduates.
In addition, in work related to finance and securities, effective communication with partners, customers and colleagues is very important. So for students who do not have good communication and problem-solving skills will be a big barrier. Therefore, to work effectively, students need to hone the above skills right from the time they are in school” – Head of Investment Consulting Department at VPS Securities Company added.
Kim Minh Chau
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