Finance, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • English (book IELTS)
    Language
University rank #190 (WUR) ,
The Master's Programme in Finance at Aalto University prepares students for jobs in the world’s 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 Master’s 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 banking, management 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 strategy, venture 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 Master’s 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 world’s 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.

The Master's Programme in Finance is offered at Aalto University.

Programme Structure

Courses Included:
  • Behavioral Finance and Decision Making
  • Venture Capital
  • Advanced Corporate Finance 6 cr I
  • International Financial Management 6 cr IV
  • Asset Management emphasis
  • Advanced Investment Theory
  • Marketing Financial Services
  • Fixed Income
  • Portfolio Management
  • Advanced Econometrics for Finance
  • Financial Engineering I
                    For more information, please visit programme website.

                    Detailed Programme Facts

                    • Programme intensity Full-time
                      • Full-time duration 24 months
                    • Credits
                      120 ECTS
                    • Languages
                      • English
                    • Delivery mode
                      On Campus

                    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.

                      Book IELTS
                    • 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 GPA score:

                    Required score: 3.5

                    Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3.5 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

                    Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

                    • You need the following GMAT score:

                      Required score: 550

                      The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GRE score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers. Read more about the GMAT.

                    Study success and content of previous studies

                    Applicants with a weighted GPA of previous degree lower than 3.50 (Finnish ECTS evaluation) are not eligible for admission. The ECTS verbal grade equivalent for GPA 3.50 is “very good” (ECTS grading scale 1-5; where 5 is the highest grade).

                    GMAT score (or comparable GRE score)

                    GMAT or GRE is obligatory in admission group 2 (minimum score 550 in GMAT or equivalent GRE score).

                    Motivation letter

                    The letter is written in English into the electronic application system and the maximum length of the letter is 4000 characters (including space characters). 

                    Tuition Fee

                    • International Applies to you

                      15000 EUR/year
                      Tuition Fee
                      Based on the original amount of 15000 EUR per year and a duration of 24 months.
                    • EU/EEA Applies to you

                      Free
                      Tuition Fee
                      Based on the original amount of 0 EUR per year and a duration of 24 months.
                    We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
                    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.

                    Living costs for Helsinki

                    910 - 1400 EUR/month
                    Living Costs

                    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

                    Funding

                    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.

                    The Global Study Awards: get funded with up to £10,000 to study abroad

                    Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.