Finance, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • Tuition
    15000
    Tuition (Year)
    Free
    Tuition (Year)
  • English (take IELTS)
    Language
University rank #190 ,
The Master's Programme in Finance at Aalto University prepares students for jobs in the worlds most selective companies in the financial industry.

About

Finance is a dynamic field filled with challenging work opportunities in e.g. international banking and management consultancy. The Finance Masters Programme from Aalto University gives students the opportunity to develop a solid scientific approach to financial problems in a dynamic and demanding but supportive, learning-centred environment.

Programme overview: corporate finance and financial markets

In this programme, students can tailor their degree by specialising in one of two areas of concentration:

Corporate finance prepares them for entry-level positions in e.g. investment or commercial bankingmanagement consulting, or the finance and corporate planning functions of industrial firms.

The core topics students will learn about include

  • 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

Financial markets prepares students for entry-level positions in e.g. investment management and strategyventure capital and private equity, and risk management.

The core topics they will learn about include

  • behaviour and determinants of security prices
  • their implications on portfolio management
  • behavioural finance and investor psychology
  • venture capital
  • risk management, and
  • pricing options, futures, and other derivatives

Learning outcomes

The Masters Programme in Finance gives students a solid theoretical and practical skill set that will help they work successfully in a world where financial services are global, significant to the economy, and in constant change and where the financial environment is increasingly aware of system-wide risks, conflicts of interest, and regulatory challenges.

Upon graduating from the programme, they will be able to

  • understand the features of capital markets
  • understand the models and theories of corporate financing and investment decisions
  • apply these ideas independently and analytically in working life
  • 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)

In addition, students will be able to develop solid general management skills, including:

  • analytical, teamwork, and problem solving skills
  • advanced-level international business communication skills
  • understanding of challenging issues in business ethics

The programme is also known for preparing some of its students for the worlds best doctoral programmes in Finance.

Broad career prospects

As a graduate of Finance, you will have broad career prospects. Our 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

Courses Included:

  • Derivatives and Risk Management
  • Capstone: Mergers and Acquisitions
  • Masters Thesis
  • Masters Thesis Seminar
  • Maturity Test
  • Behavioral Finance and Decision Making
  • Venture Capital
  • Advanced Corporate Finance
  • International Financial Management
  • Investment Banking
  • Advanced Investment Theory
  • Marketing Financial Services
  • Fixed Income
  • Portfolio Management
  • Advanced Econometrics for Finance
  • Options, futures and structured products
  • Financial Engineering I
For more information, please visit programme website.

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus
Check my chance of being admitted

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score (Grade C):

    180

    The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.

    Note: degree programmes and applications may require a more specific minimum score for admission.

  • Minimum required score:

    580

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    92

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

You need the following GMAT score:

Required score: 550

The GMAT is specifically designed for admission to business or management schools, and is meant to test how prepared you are for a business degree programme

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

For more information, please visit programme website.

Tuition Fee Per Year

  • EUR 15000 International
  • Free EU/EEA
Tuition in bachelor's and master's programmes taught in English from August 2017 onwards are subjected to annual fees for non-EU/EEA citizens.

Funding

Scholarships

There are several ways to fund your studies at Aalto University. Prospective non-EU/EEA students applying to Aalto University Bachelors and Masters 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. By a decision made by the Vice President in charge of Education, Aalto University's scholarships are not available in the CCIS second application round.

For more information, please visit programme website.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.