School of Finance at Shandong University of Finance and Economics was founded in Nov. 2011, which integrated variety of professional sources of both original school of finance at Shandong University of Finance (with its origin dating back to 1987) and original school of finance at Shandong University of Economics (with its origin dating back to 1958).
School of Finance offers 4 undergraduate programs—Finance, Financial Engineering, Credit management, Investment, and programs for both Master of Science in finance(2000) and Master of Finance (2010). It also has the authority to award PhD degree in Applied Economics in Finance. At present, there are approximately 3200 undergraduate and postgraduate students in School of Finance together with 95 teaching and administrative staff. Meanwhile, a distinguished professor with the title of “Taishan Scholar”, an expert who takes special allowance of the State Council, a young expert who did outstanding contribution to Shandong Province are included in School of Finance as well as about 20 external part-time professors and supervisors. Among all of the full-time teaching staff, 25 of them are professors and 37 of them are associate professors, at the same time, 49 faculty members who hold PhD degree accounts for 64% of the total figure.
School of Finance consists of 7 departments and several relevant centers: Department of Financial theory, Department of Financial Investment, Department of Financial Engineering, Department of Credit Management and Micro-finance, Department of International Finance, Department of Financial Management and Practice, Center for Taishan Financial Academy, Institute of Strategic Finance, Research Center for International Investment, and Taishan Research Center for Capital market. Those centers cooperate with Shanghai Stock Exchange to set up Capital Market Personnel Training Base in Shandong along with Innovative Laboratories for Financial Service Outsourcing and other teaching and research institutes.
Currently, School of Finance has become one of the largest Personnel Training Bases and Research Base in Finance in Shandong Province, whose subjects are in incontrovertible dominating position. In the Eleventh Five - Year period, finance was determined to be key disciplinary subject. School of Finance was also designated as the only institute that set up the position of “Taishan Scholar” in the field of finance by Shandong Province Government. Finance was even identified as special constructed disciplinary subject during the Twelfth Five -Year period. After many years’ efforts, we have made great achievements in both teaching and research areas. The courses such as
Economics of Money Banking and Financial Market
etc. have been assessed to be provincial level quality courses. Over the past five years, the faculty has undertaken more than 80 high level of teaching and research projects, with 9 funded by China National Social Science and Natural Science Fund, 2 funded by China Soft Science Research Plan Project, 16 funded by the Ministry of Education. In addition, more than 50 prizes that include second prize of social science excellent outcome of Ministry of Education, second prize of technological advancement in Shandong province, second prize of social science excellent outcome of Shandong province, were awarded to school of finance.
Some of the faculty members take charge of a few social positions in external parties, such as consultancy experts of professional committee in the People’s Bank of China, financial consultancy experts or consultants in local government, committee members of the Central Financial and Economic Committee for Democratic Party and committee members for financial professional instructors of Ministry of Education.
With many years’ construction and development, the condition of school-running has also been ameliorated because many essential laboratories have been established by school of finance. For example, simulation experiments of financial comprehensive business, financial service outsourcing innovation and samples of disciplinary courses in finance are running smoothly at present. Various dynamic financial transaction databases, statistical analysis softwares and satellite real time accepting systems for global financial transaction are also served in our school in order to simulate practical business, which will meet the demand of financial empirical analysis, quantitative investment researches etc.
Statistical results show that School of Finance has the enrollment of over 11000 students till now, more than 800 postgraduate students of them, including 8000 undergraduate students who have graduated. Due to high approval of the society, the rate of employment of our undergraduate students was 95%, and no one was unemployed after obtaining master degree from our school. Our students are encouraged to participate domestic professional contests and made great achievements. They won more than 60 national level prizes and 100 provincial level prizes respectively and series domestic college students contests of “Challenge Cup” is worth mentioning. Moreover, under the professional direction, some of them took part in variety of provincial level projects and published over 60 papers in top journals in China, such as “Macroeconomics”, “Guang Ming Daily” etc, which reflects the teaching level of our school and qualification of our students to some extent.