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| Application Deadline: | February 28 | ||
| Annual Tuition Fee: | Free - | ||
| Location: | Vaasa / Finland / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 24 months | Start Date: | August |
| Educational Form: |
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| Education Variants: |
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| Credits (ECTS): | 120 | ||
| Languages: | English | ||
The Master's Degree Programme in Finance focuses on the theory of finance and financial analysis from an international perspective. The programme provides an overview of corporate finance, investments, and option pricing. Students will develop a specialisation in the areas of corporate finance and investments, such as the evaluation of stocks and bonds, financial markets, option pricing, capital budgeting, cost of capital, long-term financial policy, and other related topics of modern finance.
The career prospects of accounting and finance graduates are excellent worldwide. Graduates from the Master's Degree Programme in Finance have been very successful in their careers both in Finland and internationally. Furthermore, the high-quality research and scientific teaching have placed the Department of Accounting and Finance among the top research centres in Europe, ranking number 10 in Europe and number 1 in the Nordic Countries.
To be eligible for admission to the Master's Degree Programme in Finance you should already have completed your Bachelor's degree in an appropriate field such as business studies or mathematical sciences. The study programme leads to a Master of Science in Economics and Business Administration degree, and it can be completed in two years.
The Master's Degree Programme in Finance focuses on the theory of finance and financial analysis from an international perspective. The programme provides an overview of corporate finance, investments, and option pricing. Students will develop a specialisation in the areas of corporate finance and investments, such as the evaluation of stocks and bonds, financial markets, option pricing, capital budgeting, cost of capital, long-term financial policy, and other related topics of modern finance.
Programme Structure
Obligatory courses
* Corporate Finance (8 ECTS)
* Investments (8 ECTS)
* Option Theory (8 ECTS)
* Research in Financial Markets (8 ECTS)
* Research in Financial Analysis (8 ECTS)
* Advanced Topics in Finance (8 ECTS)
* Practical Econometrics for Finance and Economics (6 ECTS)
Optional courses (students are required to choose at least 31 ECTS of the following)
* Writing Academic English I (3 ECTS)*
* Writing Academic English II (2 ECTS)*
* Finnish for Foreigners I (5 ECTS)*
* Finnish for Foreigners II (5 ECTS)*
* Investment and Finance in Russia (5 ECTS)
* Internship (1-5 ECTS)
* Financial Markets of the European Union (5 ECTS)
* International Financial Reporting (6 ECTS)
* Financial Time Series Analysis (8 ECTS)
* Operation Strategy (5 ECTS)
* Mathematics of Financial Derivatives (8 ECTS)
Optional studies may include also maximum of 6 ECTS of studies in the Finnish language and culture. Courses with asterisk* are highly recommended.
Master's thesis 35 ECTS
* Introduction to the Master’s Thesis Research in Finance (5 ECTS)
* Master’s Thesis Research Plan (5 ECTS)
* Master’s Thesis Progresse Report (5 ECTS)
* Completed Master’s Thesis (20 ECTS)
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
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Register Now!Admission in all of the programmes is based on the following areas:
* Bachelor's degree of the applicant: suitability of the major subject in Bachelor's degree to the Master's programme in question, scope of the degree, applicants success in the previous studies.
* Language proficiency
In addition, the following areas are taken into consideration when evaluating the applications:
* Motivation of the applicant
* Relevant work experience
* International experience
Language proficiency is to be verified by one of the documents listed below:
* Official TOEFL -test with minimum score of 550 in paper-based test, 213 in computer-based test or 79 in iBT (The University of Vaasa TOEFL code is 0647)
* Official IELTS test (Academic) with minimum score of 6.0 (each section minimum 5.5)
* Official CPE certificate with pass grade A, B or C.
* Official CAE certificate with pass grade A, B or C.
* Official National Certificate of Language Proficiency (arranged by Finnish National Board of Education) with an average language skill level 5 or 6 in the English language
* Certificate of secondary education completed in English in EU / EEA countries, United States, Canada, Australia, New Zealand or South Africa
* Certificate of English as the A language (i.e. mother tongue) as a part of International Baccalaureate degree, or as the LI (i.e. mother tongue) or the LII (i.e. as the official language) as a part of European Baccalaureate degree
* Bachelor's or Master's degree (or equivalent) completed in English in one of the EU / EEA countries, United States, Canada, Australia, New Zealand or South Africa. If the language of instruction (English) is not clearly stated in the degree certificate, it is to be verified by a certificate signed by a university official
* English as the major subject in Bachelor's or Master's degree
* Certificate of English as a foreign language in a Finnish university degree
The required documents must be submitted in Finnish, Swedish or English. All translations of the required documents are to be made by an official translator and must bear the signature and stamp of the translator. A certified copy of the original document must be submitted together with the translation.
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
| IELTS Band: | 6.0 |
| Cambridge English: Advanced (CAE): | Grade C (Score: 60) |
| TOEFL Paper-based: | 550 |
| TOEFL Computer-based: | 213 |
| TOEFL Internet-based: | 79 |
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