Cracow, Poland

Finance, Banking and Insurance

Finanse, bankowość, ubezpieczenia

Bachelor's
Table of contents

Finance, Banking and Insurance at UJ

Language: PolishStudies in Polish
Kind of studies: full-time studies, part-time studies
  • Description:

  • pl

Test: check whether Finance, Banking and Insurance is the right major for you!

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Test: check whether Finance, Banking and Insurance is the right major for you!

1. Do you enjoy working with numbers, analyzing data, and drawing conclusions from financial indicators?

2. Are you interested in understanding how banks, insurance companies, and financial markets manage risk?

3. Do you enjoy interpreting regulations and ensuring compliance in a structured environment?

4. Are you comfortable communicating complex financial information to clients or colleagues in plain language?

5. Do you have an interest in using technology (FinTech, data platforms, automation) to improve financial services?

6. Are ethics and trust important to you when dealing with other people’s money or advising clients?

7. Do you like constructing models to forecast outcomes like investment returns, loan performance, or insurance claims?

8. Are you motivated by helping individuals or businesses make sound financial decisions?

9. Do you enjoy staying updated on economic trends, interest rates, and market movements?

10. Do you like combining analytical thinking with customer-facing interaction (e.g., client consultations, account management)?

Definitions and quotes

Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Banking
And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Thomas Jefferson, 3rd US President, in a letter to John Taylor in 1816 [1].
Insurance
Insurance - an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
Ambrose Bierce in:The Unabridged Devil's Dictionary, University of Georgia Press, 1 December 2001, p. 133.
Insurance
What, exactly, is the cost of this inaction? Estimates of the total national cost of medical malpractice range from $20 billion to $45 billion annually. But this number hardly tells the whole story. There also is the more hidden cost of defensive medicine, including unnecessary testing and second opinions that send patients scurrying through processes that would not otherwise be ordered and deepen the financial burden of America’s health care system by an estimated three percent of our country’s total health care expenditures. Who ultimately pays these costs? Reckless doctors? Faceless insurance companies? Seldom mentioned, the totality of these expenses ultimately falls exclusively on the consumer, since each malpractice award translates ultimately to increased malpractice insurance premiums, which, in turn, translates to either higher health care costs, fewer physicians (with less competitive pricing pressure), or both.
Michael Johns, "Malpractice: Where Will It End?" Orthopedic Technology Review, September/October 2003, by Michael Johns: Advocating Statutory Constraints on Medical Malpractice.

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