Qualifications Framework level

EQF level

European Qualifications Framework (EQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).


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LQF level

Latvian Qualifications Framework (LQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).

LQF covers stages of education starting from the basic education (level 1 – special basic education) to the highest education (level 8 – doctoral studies).


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Learning outcomes

Learning outcomes are knowledge, skills and competences acquired during a certain period of learning.

In Latvia, learning outcomes are stipulated by state education standards and occupational standards (for the professional qualifications).

Learning outcomes of higher education are defined by higher education institutions.


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Graduates of the study program are able to:
1. To demonstrate profound or extended knowledge and understanding typical of the financial analyst profession, part of which is in line with the latest developments in the field of finance and provides the ground for creative thinking or research, including for cross-disciplinary activities.
2. To use theories, methods and problem-solving skills independently in order to carry out research activities and highly qualified professional functions within the professional competence of a financial analyst
3. Explain and discuss complex or systemic issues in the financial sector with both professionals and non-professionals in a reasoned way.
4. To independently direct his/her competence development and specialization, to take responsibility for work results of an individual and group
5. To assess business environment, possible innovations within the professional competence, offer solutions using new conclusions and approaches in the respective field
6. Formulate problem solution in the relevant scientific discipline or profession, carry out research or continue further education and development of professional qualification
7. Use of conclusions of economic and financial theories in evaluation and analysis of certain facts and situations, compare alternatives of economic and financial activity, evaluate their possible consequences, define problems, elaborate solutions and substantiate them scientifically
8. Integrate knowledge from different fields to contribute to creation of new knowledge, development of research or professional activity methods in the field of finance
9. To demonstrate understanding and take responsibility for an ethical approach to research and popularization of scientific results
10. Assess the potential impact of professional activities on the environment and society within the financial analyst’s professional competence.

Qualification acquisition requirements

Previous education
Higher education qualification of LQF level 6 (bachelor, professional bachelor or professional higher education qualification) in the same or compatible branch of science or professional field of higher education, as well as a certain professional experience laid down by higher education institution
Ways to acquire 
Qualifications can be acquired in the framework of education programs or in the evaluation and recognition of non-formal knowledge, skills and competences acquired (in vocational education LKI Levels 2-4).
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Formal (through education programmes)
ECTS credit points 
Snice 11.10.2022 60 credit points correspond to the study results acquired in full-time studies in one academic year in accordance with the European Credit Transfer and Accumulation System (ECTS).Since 11.10.2022

Till 11.10.2022 1 Latvian credit point corresponds to 1,5 ECTS credit point.
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90-120

Qualification document

Awarding body

Higher education institution:

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Qualifications Framework level

EQF level

European Qualifications Framework (EQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).


Go to the Glossary section
?

7

LQF level

Latvian Qualifications Framework (LQF) has 8 levels (1 – the lowest, 8 – the highest).

Levels reflect the complexity level of acquired knowledge, skills and competences (learning outcomes).

LQF covers stages of education starting from the basic education (level 1 – special basic education) to the highest education (level 8 – doctoral studies).


Go to the Glossary section
?

7

Qualification field, stage and type

Thematic field (ISCED 2013)
International Standard Classification of Education (ISCED) developed by UNESCO.
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Business and administration (041)

Detailed field: (ISCED 2013)

Finance, banking and insurance (0412)

Education
Stages of Latvian education system included in the LQF:
- basic education
- secondary education
- higher education
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Higher education

Qualification type
ITypes of Latvian education:
-General education
-Professional education
-Academic education
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Vocational

Full or partial

Full qualification

Other information

National Education Information System

Active qualification

Period for issuing qualification: 2021-2027

Last changes: 09.12.2021

Posted: 07.12.2021