M.Sc. Finance

Aalto University

Application deadline: January 30
Tuition fee:
  • Free (EEA)
  • Free (Non-EEA)
Start date: September  2015
Credits (ECTS): 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Disciplines:
Delivery mode: On Campus
Educational variant: Full-time

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Description

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The Master's Programme in Finance prepares students for jobs in the worlds 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 worlds most selective companies in the fields of international banking, management consultancy, and related areas.

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.

The programme prepares some of the students for the worlds best doctoral programmes in Finance.

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.

Contents

Study experience

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.

Learning outcomes

After completing the Masters 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

Requirements

1. General admission requirements

The application must first fufill the general eligibility requirements for applying before it is sent for academic evaluation to the Master's programme.

In addition to the general eligibility requirements for applying to the School of Business, each Master's programme has programme-specific evaluation criteria.

2. Programme-specific requirements

The applicants are ranked within each admission group on the basis of the criteria below. The admission group depends on the degree you are applying with. Only applicants with a lower university degree in Economics and Business Administration completed in a university in Finland apply in Admission Group 1. The name of the degree is kauppatieteiden kandidaatti, KTK in Finnish. All other applicants apply in Admission Group 2.

ADMISSION GROUP 1 (Maximum 20 points)
PHASE I

1) GPA of previous degree (max 10 points)

3.0 or less 0 p
3.1 3.2 1 p
3.3 3.4 2 p
3.5 3.6 3 p
3.7 3.8 4 p
3.9 4.0 5 p
4.1 4.2 6 p
4.3 4.4 7 p
4.5 4.6 8 p
4.7 4.8 9 p
4.9 5.0 10 p

2)GMAT (or comparable GRE) test result (0-5 points)

550 0 p
560 570 0,5 p
580 590 1 p
600 610 1,5 p
620 630 2 p
640 650 2,5 p
660 670 3 p
680 690 3,5 p
700 720 4 p
730 750 4,5 p
760 800 5 p

Not eligible if lower than 550 or no GMAT or GRE.

PHASE II

3) Interview (0-5 points)

Based on the total scores of phase I, double the amount of candidates that can be accepted to the programme in this quota will be invited for an interview. The applicant must be available for an interview at a time to be indicated by the programme. Interviewees need to provide ID in advance.

The interviewers will each score the candidate on a scale of 1-5 based on motivation and spoken English communication skills.

If the total score is equal, the average interview score determines the ranking.

ADMISSION GROUP 2 (Maximum 20 points)
PHASE I

1) GMAT (or comparable GRE) test result (0-10 points)

550 0 p
560 570 1 p
580 590 2 p
600 610 3 p
620 630 4 p
640 650 5 p
660 670 6 p
680 690 7 p
700 720 8 p
730 750 9 p
760 800 10 p

Not eligible if lower than 550 or no GMAT or GRE.

PHASE II

2) Interview (0-10 points)

Based on the total scores of phase I, double the amount of candidates that can be accepted to the programme in this quota will be invited for an interview. The applicant must be available for an interview at a time to be indicated by the programme. Interviewees need to provide ID in advance.

The interviewers will each score the candidate on a scale of 1-10 based on motivation and spoken English communication skills.

If the total score is equal, the average interview score determines the ranking.

English Language Requirements

IELTS band: 6.5
TOEFL paper-based test score : 580
TOEFL iBT® test: 92

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