Finance, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • 15000
    Tuition (Year)
    Free
    Tuition (Year)
  • English
    Language
,
The Master's Programme in Finance at Aalto University prepares students for jobs in the world’s most selective companies in the financial industry. The Finance programme provides a dynamic, demanding, but supportive learning-centered environment which prepares students for jobs in the world’s most selective companies in the fields of international banking, management consultancy, and related areas.
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

About

Students develop a solid scientific approach to financial problems. The programme encourages the development of the broader communication, teamwork, ethical, quantitative, and intercultural skills that students will need both in general management positions and as active citizens able to discuss the issues of the day.

Learning outcomes

After completing the Master’s Programme in Finance students have:

  • a thorough understanding of the models and theories of corporate financing and investment decisions
  • skills necessary to apply these ideas independently and analytically in working life
  • knowledge of the features of the capital markets

The graduates are able to:

  • analyse corporate risk factors quantitatively
  • evaluate the value of e.g. derivative instruments using sophisticated evaluation tools
  • apply financial tools to a number of situations both in strategic decision making of the firm (e.g. mergers and acquisitions) and in day-to-day management (e.g. portfolio and risk management)
  • work in a world where financial services are global, significant to the economy, and in constant change
  • adapt to a financial environment which is increasingly aware of system-wide risks, conflicts of interest, and regulatory challenges

The general management skills the programme aims to foster include:

  • analytical skills, teamwork skills, and problem solving skills
  • opportunity to consider challenging issues in business ethics and to develop international business communications skills at an advanced level
  • Career prospects

Finance students have an excellent placement record in the job market. Most Finance graduates find their first jobs in the financial industry, such as investment and commercial banks, brokerage firms, mutual fund companies, and insurance companies. Management consulting companies, industrial corporations, and public institutions are also important employers of Finance graduates.

Programme Structure

The students have the opportunity to tailor their degree by specialising in one of two areas of concentration: corporate finance or financial markets.

In the corporate finance area, students focus on such questions as analysing and choosing investment projects, mergers and acquisitions, agency theory, investment banking and obtaining funds from the primary markets, project and trade finance, and capital structure and dividend decisions. The corporate finance area prepares students for entry-level positions in e.g. investment or commercial banking, management consulting, or the finance and corporate planning functions of industrial firms.

In the financial markets area, students focus on issues such as the behavior and determinants of security prices, their implications on portfolio management, behavioral finance and investor psychology, venture capital, risk management, as well as pricing options, futures, and other derivatives. The financial markets area prepares students for entry-level positions in e.g. investment management and strategy, venture capital and private equity, and risk management.

Detailed Programme Facts

    • Starting in

        Apply until:

      • General

      Dates reflect the university's timezone.

  • Credits (ECTS)
    120 ECTS
  • Duration full-time 24 months
  • Languages
    • English
  • Delivery mode
    On Campus
  • Educational variant Full-time

Test Scores

StudyPortals Tip: The Graduate Management Admission Test® (GMAT®) is a standardised exam, delivered in English, used in admissions for thousands of business masters programmes globally. By taking this test you can show your suitability for this programme. The GMAT exam has been shown to be a valid predictor of academic performance in MBA and other business masters programmes. Learn more

Academic Requirements

1. General admission requirements

The application must first fulfill the general eligibility requirements before it is sent to the Master's programme for academic evaluation. Please read carefully the general admission requirements, selection schedule, required application documents and application instructions on our website section admission. See also language requirements.

In addition to the general eligibility requirements, each Master's programme has programme-specific evaluation criteria.

2. Programme-specific requirements

Academic evaluation criteria of the Master's Programme in Finance is based on considering the following areas:

  • GMAT/GRE test score. Note that this receives the most weight in selection (exact weightings are not disclosed).
  • Academic achievement (considering absolute and relative performance, the type of degree and the reputation of the institution granting it).
  • Motivational letter, preferably less than 300 words
  • Video phone (e.g., Skype) interview for selected candidates

It can be considered an advantage to have completed the basics of finance (discounting and present value, cost of capital, basics of asset pricing and portfolio theory, basics of financial institutions and financial markets). Students with little background in finance selected to the programme may be required to complete one or two B.Sc. level finance courses (such as Corporate Finance and/or Financial Markets and Institutions and/or Econometrics for Finance) during their first year of studies.

Tuition Fee Per Year

  • EUR 15000 International
  • Free EEA
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Funding

Scholarships
There are several ways to fund your studies at Aalto University. Prospective non-EU/EEA students applying to Aalto University Bachelor’s and Master’s programmes as well as Nordic Master programmes are eligible to apply for scholarships awarded from the Aalto University Scholarship programme. Certain international joint degree programmes have their own tuition fees and scholarship schemes. There are also some possibilities to apply for a scholarship outside Aalto University.
Aalto University Scholarship programme

Aalto University Scholarship programme seeks to recognize talented non-EU/EEA students across the world by awarding academic excellence. Scholarships may cover 50 % or 100 % of the tuition fee. The number of scholarships awarded is limited and depends on the budget available to the programme.

Aalto University is also building an incentive scholarship system in which an additional waiver will be rewarded to students who have made good progress in their studies.

Applicants apply for the scholarships at the same time they apply for their preferred study options with the same application form. The scholarship decision is given together with the admission decision. The decisions on the awarded scholarships are made on the basis of the academic merits of the students selected to study in the programmes.

At the moment, Aalto University does not offer any scholarships to cover living costs in Finland. Students are expected to cover all living expenses (app. EUR 800 per month) and other study related costs from their own financial resources. Scholarship recipients must still be able to fund their living costs, as per the requirements of the Finnish Immigration Service.

Students who were selected during the application period 2016 to English-taught bachelor’s or master’s programmes will not be required to pay tuition fees and cannot apply for scholarships.

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