The Department of Finance was established with the restructuring of the Faculty of Management and Finance in 2007. This department facilitates a Bachelor of Business Administration (Honours) in Finance program to its students with academic capabilities and good professional practices. The degree program was developed focusing on skills needed for the corporate sector, both local and global. The Department of Finance is staffed with highly qualified academics who provide enormous opportunities for students to sharpen their knowledge and skills. Moreover, the department shares the experience of industry experts to nurture the students. The BBA in Finance honours degree will be a lifelong asset for the students for their career development and betterment of their personal life with the capability to play in any functional area of an organization and sector as a whole.
Message from the Head of the Department
Professor D.L.P.M. Rathnasingha
Welcome new scholars to the Faculty of Management and Finance of University of Colombo with congratulations for opportunity you got.
On behalf of the Department of Finance pen this message to the student handbook of the Faculty with great pleasure. The Department of Finance offers BBA in Finance Degree Programme which is more popular among the students of the Faculty of Management and Finance to produce highly competent and capable graduates who will be in positions to elevate their respective organizations to new heights by applying the financial know-how.
The diverse curriculum offered with core subjects in the mainstream of Finance, while faculty – wide fundamental courses in management and business. The course contents are periodically updated to match with the rapidly changing industry requirements. In addition, students can complement with the core classroom knowledge with an internship to gain hands-on experience. Further, the Department of Finance is enriched with high quality academic environment with qualified academic staff that provides enormous opportunities to students to sharpen their knowledge and skills with industry experts experience sharing. Knowledge and expertise in finance you gain will be a lifelong asset within both your working and personal life.
Graduates of our Department have an excellent employment records over the years. They employed in higher rank positions in sectors including the public sector, banking, non-banking sector such as Finance and leasing companies, insurance sector and capital markets in local and foreign.
We hope that you will try your best to fulfil your aspirations by taking part in this four-year academic journey in the Faculty. Whole staff in the Department look forward to working with each of you for an academically worth and a joyful four years in the Faculty.
Former Heads of the Department
Dr. S Buvanendra (2017-2020)
Mr. DMS Dassanayake (2008-2011)
Professor. AA Azeez (2007-2008, 2011-2014,2014-2017)
Dr. S. Buvanendra
[PhD (India), MBA (Col), BBA (Jaffna), CTHE (Col), Australian Award Fellow (Monash University, Australia), Commonwealth Fellow (Pondicherry University, India)]
Mr. Yeshan Withanage
[MSc in Mathematics (US), MBA in Finance (Col), BSc in Mathematical Finance (Col), CTHE , SEDA ] Reading for PhD (Ohio University, USA)
Senior Lecturer (Transitional) (On study leave)
|Dr. Sanjeeva Perera||Head, Department of Mathematics, Faculty of Science, UOC.||FIN3230 Financial Mathematics|
|Mr. N. A. Prageeth Rukshan||Visiting Lecturer, Faculty of Management and Finance, UOC||
|Mr.R. M. Gunasekara||Visiting Lecturer, Faculty of Management and Finance, UOC||FIN 4237
|Dr.B. M. Semantha Dilina||Visiting Lecturer, Faculty of Management and Finance, UOC||FIN3234
|Mr. Dissanayake Arachchige Rohana||Senior Lecturer, Department of Mathematics, Faculty of Engineering, UOM||
FIN3230 Financial Mathematics
Non Academic Staff
Mr. E.K.P.O Epitawela
Mr. S. Abeykoon
Bachelors of Business Administration (Honours) Degree in Finance.
Bachelor of Business Administration (Honours) in Finance is an undergraduate programme that has designed considering both academic capabilities and good professional practices. The BBA (Honours) in Finance degree will be a lifelong asset for the students for their career development and betterment of their personal life with capability to play in functional areas of an organization and the sector as a whole making a gateway to numerous job opportunities in a plethora of sectors.
|Course Code||Course Title||Credits||Course Status||Semester Offered|
|FIN – 3312||Research Methods||3||Core||V|
|FIN – 3228||Management Information Systems||2||Core||V|
|FIN – 3313||Corporate Finance||3||Specialisation core||V|
|FIN – 3314||Management Science Application||3||Specialisation core||V|
|FIN – 3315||Theory and Practice of Banking||3||Specialisation core||V|
|FIN – 3229||Business Ethics and Corporate Governance||2||Specialisation optional||V|
|FIN – 3230||Financial Mathematics||2||Specialisation optional||V|
|FIN – 3231||Microfinance||2||Specialisation optional||V|
|FIN – 3316||Strategic Management||3||Core||VI|
|FIN – 3207||Enterprise Based Project||2||Core||VI|
|FIN – 3317||Investment Analysis and Portfolio Management||3||Specialisation core||VI|
|FIN – 3208||Seminar on Applied Research||2||Specialisation core*||VI|
|FIN – 3209||Seminar on Research||2||Specialisation core*||VI|
|FIN – 3232||Financial Econometrics||2||Specialisation core||VI|
|FIN – 3233||Behavioural Finance||2||Specialisation optional||VI|
|FIN – 3234||e-Business||2||Specialisation optional||VI|
|FIN – 3235||Financial Reporting and Analysis||2||Specialisation optional||VI|
|FIN – 3236||Financial Sector Development and Regulations||2||Specialisation optional||VI|
|FIN – 4237||Auditing||2||Specialisation core||VII|
|FIN – 4238||Taxation||2||Specialisation core||VII|
|FIN – 4800||Dissertation||8||Specialisation core**||VII|
|FIN – 4600||Applied Research Project||6||Specialisation core**||VII|
|FIN – 4239||Business Valuations||2||Specialisation optional||VII|
|FIN – 4240||Derivatives and Alternative Investments||2||Specialisation optional||VII|
|FIN – 4241||Fixed Income Securities||2||Specialisation optional||VII|
|FIN – 4242||International Financial Management||2||Specialisation optional||VII|
|FIN – 4243||Risk Management and Insurance||2||Specialisation optional||VII|
|FIN – 4801||Industrial Training||8||Specialisation core||VIII|
Postgraduate Diploma in Banking and Finance (PGDBF)
Recent growth and developments in the financial services sector in Sri Lanka have created a great demand for professionally trained individuals in the area of banking and finance. However, there is a huge skill mismatch and shortage in the financial services sector. After establishing the Department of Finance in the Faculty of Management and Finance, the University of Colombo has produced more than 1000 finance graduates over the past 10 years. Most of them are performing exceptionally well in all types of institutions in the financial services sector in Sri Lanka as well as abroad. With this experience and considering the opportunities available in the labor market, the Department of Finance has introduced the Postgraduate Diploma Program in Banking and Finance as a means of addressing skill mismatch and shortages stated earlier. The programme also anticipates forging partnerships with the industry with a view to strengthening finance education at the undergraduate level.
Objectives of the program
- To provide participants with knowledge and skills for contributing to the smooth running of the financial services sector in Sri Lanka
- To build competencies in participants to undertake high impact research in the area of banking and finance
- To develop the capabilities of participants those who wish to pursue further advanced postgraduate studies in the field of banking and finance.
Structure of the program
The program proposed is of one-year duration and divided into three trimesters as follows:
|Trimester||Courses offered||Number of credits|
|First Trimester||Four compulsory courses – 03 credits each||12|
|Second Trimester||Four compulsory courses – 02 credits each||8|
|Third Trimester||Two compulsory courses and 02 elective courses – 02 credits each||8|
|Group Research Project||2|
For more information contact:
Courser Coordinator – Ms Ganga Fernando
Best Paper Awards – 2022
The Second Annual International Emerging Financial Markets and Policy Conference (EFMP 2022) was held successfully on 17 th June 2022 and organized by Sri Lanka Finance Association (SLFA). The Department of Finance congratulated the students and the staff of the Department for their achievement of the Best Paper Awards. It is also remarkable that all three Awardees from the Department.Accordingly, the best papers are:
1. “Impact of Psychological Factors on Financial Wellbeing of Equity Investors in SriLanka: Mediating Role of Financial Behavior” by R. Thuraisingam, Jaffna, Sri Lanka, S. Buvanendra, Department of Finance, University of Colombo, Sri Lanka and Ganga Fernando, Department of Finance, University of Colombo, Sri Lanka.
2. “The Effect of Financial Innovations on Bank Performance: Evidence from Commercial Banks of Sri Lanka” by N.A. Dissanayake, Department of Finance,University of Colombo, Sri Lanka, and Nishani Ekanayake, Department of Finance,University of Colombo, Sri Lanka.
3. “Impact of Financial Literacy on Business Performance of Small and Medium Enterprises in Sri Lanka: A Domain Vise Analysis” by K.H.G.U.S. Jayasinghe,Department of Finance, University of Colombo, Sri Lanka and D.D.A.S. Manojee Domingo, Department of Finance, University of Colombo, Sri Lanka.
Best Paper Awards – 2021
1. Mrs. D.D.A.S.Manojee Domingo and Dr. S. Buvanendra, Department of Finance, Faculty of Management and Finance, University of Colombo, Sri Lanka won the Best Paper Award for the research paper titled “The Mediating Role of Financial Self-Efficacy between Social Determinants and Personal Finance Behavior of Women within Microfinance sector of Sri Lanka” presented at the 1st Global Conference on Innovations in Management and Business (GCIMB 2021) organized by the Chapman University,California, USA, Howard University, Washington,D.C., USA and National University of Technology, Warrangal,India under the track of Financial Management and Investment. Published on 28th July 2021 (ISBN 978-1-953224-01-9).
2. Ms. U. N. Amarasekara, Department of Finance, University of Colombo, Sri Lanka and Mrs. T.P. Rathnasuriya, Department of Finance, University of Colombo, Sri Lanka won the Outstanding Paper Award for the research paper titled “Do firms desperate for growth overpay for Acquisitions? Evidence from Sri Lankan Listed Firms” presented at the Finance Track of the 6th Interdisciplinary Conference of Management Researchers (6th ICMR), conducted by Faculty of Management Studies, Sabaragamuwa University of Sri Lanka in association with Emerald Publishing on 16th December 2021.
1st Finance Undergraduate Research Symposium (FURS) 2022
The 1st Finance Undergraduate Research Symposium (FURS) 2022 was held successfully on 25th January 2022 via online mode. Seven extended abstracts were selected out of more than 50 extended abstracts of the final year students. Selected students presented their extended abstracts to a panel of reviewers under two tracks; Corporate Governance and Asset Pricing and Market Efficiency. The panel of reviewers comprised industry experts as well as academic staff of the department.
Webinar on “Ways to Use Excel in Financial Decisions”
A webinar was conducted by the Department of Finance on 24th September 2021 via Zoom on “Ways to Use Excel in Financial Decisions” with the participation of students of the Faculty of Management and Finance. This was conducted by Ms. T. K. E. M. Prabodini, temporary assistant lecturer, Department of Finance, Faculty of Management and Finance.
The webinar aimed to provide a basic understanding for the students on the use of Excel functions and formulas. Further, it covered practical examples allowing participants to get awareness on the outcomes of various financial applications in Excel and how to apply them in practical scenarios.
Webinar on “Email Etiquettes: Best Practices when using Emails”
The Department of Finance organized a webinar on the 15th of September 2021 via Zoom on “Email Etiquettes: Best practices when using emails”. Ms. Manojee Domingo who currently works as a lecturer (probationary) in the Department of Finance, Faculty of Management and Finance, University of Colombo was the resource person for the session.
With the participation of students and members of the academic staff, the webinar continued for one and a half hours. The session covered key elements such as the basic writing structure of emails, differences in email writing when dealing with formal and informal participants, key elements in attaching files etc.
Chillax: An evening of Soothing Relaxation
An entertainment event, “Chillax: An evening of Soothing Relaxation” was held on 10th June 2021, via Zoom with the participation of third-year, fourth-year students and the academic staff with supporting staff members of the Department of Finance. The purposes of this event were to mark the end of the semester and enhance interaction between students and the academic staff with relaxation. This fun-filled event comprised many games for students and academic staff, along with some aesthetic experience in music.
CFA Sri Lanka Research Challenge 2019/20
Students of the Department of Finance, Faculty of Management and Finance, University of Colombo emerged first runners-up at the CFA Research Challenge Sri Lanka 2019/20 on the 6th February 2020 at Hilton Colombo Residences. This is the sixth time student’s teams brought glory to the University from the same competition. They have emerged champions four times and first runners-up twice.
The CFA Research Challenge is a highly competitive and intensive competition that focuses on financial analysis. The winning team led by V. Abharna included T.Pavithra, T.D. Palliyaguru and R.H.N.V.M Silva with Ms. Ganga Fernando, Senior Lecturer from the Department of Finance as the Faculty Advisor.
Webinar on 2021 Government Budget
A webinar was conducted on 3rd December 2020, via Zoom to discuss the Government’s Budget Proposals for 2021. Ms. Charmaine Tillekeratne, Director- Tax services, PWC Sri Lanka, and Ms. Y. M. hewage, Lecturer, Department of Accounting, Faculty of Management and Finance, University of Colombo were the resource persons of this event. The webinar was moderated by Dr. D. L. P. M. Rathnasingha, The Head, Department of Finance, Faculty of Management and Finance, University of Colombo.
Webinar on Digital Payments and Introduction to FinTech
The Department of Finance organized a webinar on 24th of March 2021 via Zoom on “Digital Payments and Introduction to FinTech”. Mr. Gayal Rupasinghe, the Senior Assistant Director of Payments and Settlements Department, Central Bank of Sri Lanka, was the event resource person.
With the participation of students and members of the academic staff, the webinar continued for three hours. The resource person provided a detailed description of the Sri Lankan digital payment journey and the evolution of payment instruments and payment systems in Sri Lanka. Webinar also covered technology-enabled innovations in Sri Lankan financial services such as Sri Lanka national QR code (LankaQR) and mobile phone-based e-money system.
Workshops for Second Year Undergraduates
Department of Finance, under the subject of Financial Institutions and Markets, organized three workshops for second-year students with the objective of enhancing their knowledge on Capital Market and Personal Financial Planning. These workshops further included personality development programs. The sessions were facilitated by industrial experts on the subject.
The Department of Finance organized Magnate 2019 under the theme, ‘Financial Intelligence for Future Magnates’, which was held on the 2nd of August 2019 at the Professor. WM Jayarathne conference hall. The purpose of this event was to enhance the interpersonal, networking, leadership, and communication skills of the undergraduates of State Universities in Sri Lanka. An Inter-University Debate Competition was held between four state universities in Sri Lanka which concluded with the University of Colombo team emerging as the champions and the University of Moratuwa as runners-up. The event also consisted of an IntraFaculty quiz competition with the participation of 17 teams from the faculty where finally the Team Trojan succeeded as winners.
Outdoor Workshop – 2019
The Department of Finance organizes an outdoor workshop annually for third-year students with the objective of developing and promoting teamwork, leadership, and soft skills among students while enhancing their interrelationships with the academic staff of the department. This workshop was held at Aqua Pearl Lake Resort on 02nd of April 2019 including a guest speaker session on “Skills to face an interview effectively” and various outbound training activities.
CFA Research Challenge – 2019
For the 5th consecutive year, the students from the Department of Finance participated in the CFA Research Challenge 2019 representing the University of Colombo. The team became the national champions at the local challenge competing among many state and private universities in Sri Lanka. The team also participated in the Asia Pacific Regionals of the CFA Institute Research Challenge 2019 representing the country which was held at Hotel Shangri-La, Sydney, Australia from 28th to 30th of March 2019.
- Mohamed Inaz Imthiyaz of the Finance Department has ranked first in the world, winning the World Prize for ACCA’s Advanced Taxation examination held in March 2019. Along with the world prize, Mohamed Inaz Imthiyaz has won six world ranking Sri Lankan Prizes on the following ACCA papers: Performance Management, Taxation, Financial Reporting, Financial Management, Advanced Financial Management, and Advanced Taxation.
- Ten students of the Department of Finance participated for the 1st Sri Lanka Forum of Junior Business Economics (SLFJBE) Economic Summit 2019 organized by the Department of Business Economics, University of Sri Jayewardenepura in collaboration with SLFJBE, around the theme of “Strengthening the external sector of Sri Lanka to achieve a 7% growth”. Students took part in many competitions and secured the first runner-up in a critical writing competition, the second runner-up in quiz competition, and second runner-up in Economic debate competition.
Students’ Welcome to the Department of Finance 2022
The new batch of the Department of Finance was warmly welcomed via a ‘virtual ceremony’ co-organized by the fourth-year undergraduates of the department. The event was held on 28 th February 2022 on the Zoom platform with the participation of academic staff members and the fourth-year and third-year undergraduates. A total of 145 students were enrolled with the Department of Finance this year.
CFA Institute – University Affiliation
Bachelor of Business Admiration (BBA) Honours in Finance degree has been accepted into the CFA Institute University Affiliation Program. This status is granted to institutions that embed a significant portion of the CFA Program Candidate Body of Knowledge (CBOK) into the curriculum.
Under this program, students of the B.B.A honors in Finance degree are awarded three CFA Program Awareness Scholarships annually (to be used in December and June of the following year).
For more information, please visit the following links,
Students’ Welcome to the Department of Finance
The new batch of the Department of Finance was warmly welcomed via a ‘virtual ceremony’ co-organized by the fourth-year undergraduates of the department. The event was held on 13th January 2021 on the Zoom platform with the participation of academic staff members and the fourth-year and third-year undergraduates. A total of 101 students were enrolled with the Department of Finance this year.
The inauguration ceremony of Postgraduate Diploma in Banking and Finance (PGDBF) batch seven was successfully conducted on the Zoom platform on 24th January 2021. Mr. Niranjan de Silva, Former CEO, Metropolitan Computers, Business Consultant, Trainer & Coach was the Keynote Speaker and addressed the prospective students with his inspirational words.
Fill form to contact the department
Department of Finance
Faculty of Management & Finance
University of Colombo
Colombo 03, Sri Lanka.
+94-11 250 1294
Dr. DLPM. Rathnasingha,
[Head of the Department]
011 250 1294
071 830 3761
Ms. KGK Fernando
077 196 0805