• Application Deadline
  • 24 months
    Duration
  • Tuition
    10000
    Tuition (Year)
    Free
    Tuition (Year)
  • English
    Language
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

About

Focus of MSF programme

The programme in Strategic Finance and Business Analytics aims to assist students in enhancing their managerial effectiveness within the field of finance and strategic management. The programme also aims to achieve its goals of producing qualified professionals by providing a very thorough grounding in the principles and practice of finance, including corporate finance, strategic management, accounting, econometrics, and international finance.

The primary objectives of the programme are:

  • to enable a systematic understanding and to link knowledge areas and processes in corporate finance, firm strategies, and financial markets, including current functions and future developments within these areas;
  • to develop critical, analytical, problem-based learning skills and transferable quantitative skills to prepare the student for professional career;
  • to enable the student to continue to engage in lifelong learning, study and enquiry;
  • to assist the student to develop further skills required for both autonomous practice and team-working;
  • to encourage students to adopt an analytical and creative approach to study and to develop the ability to argue rationally, communicate clearly, and form sound judgments;
  • to enhance students' knowledge, skills, and abilities through the execution of a Master's thesis.

Programme Structure

Core studies

Year 1

  • International Financial Management
  • Master´s Transferable Skills
  • Banking and Insurance Finance
  • Financial Theory and Valuation
Year 2
  • Derivatives and Financial Risk Management
  • Master’s Thesis Seminar, Strategic Finance

Specialization Studies

Year 1
  • Elective Advanced Course in Strategic Finance
  • Comparative International Accounting: Theory and Practice
  • International Finance and Emerging Markets
  • Contemporary Issues in Strategic Finance
  • Empirical Strategy Research

Year 2

  • Real Options and Managerial Decision-making
  • Master’s Thesis, Strategic Finance
  • Empirical Research in Finance

Business Analytics

Year 1
  • Information Systems in Corporate Management and Decision-making
  • Business Process Management and Information Technologies
  • Investment and Business Analysis with Excel
Year 2
  • Financial Econometrics
  • Advanced Decision-making
  • Elective Special Course on BA

Detailed Programme Facts

  • Full-time duration 24 months
  • Study intensity Full-time
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus
  • More information Go To The Course Website
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English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 6

    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: 550

    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: 80

    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

Completed Degree

You are eligible to apply to the Master's Programme in Strategic Finance and Business Analytics (MSF) with one the following degrees:

  • Bachelor of Science (Economics and Business Administration) from a Finnish university
  • Bachelor of Business Administration (Tradenomi) from a Finnish University of Applied Sciences
  • A Russian Spetsialist Degree in Business
  • Foreign University Degree in Business; provided that the degree gives qualifications for equivalent academic studies in the country in question, including an academic American style BBA Programme or an academic American style accredited MBA Programme
    • a minimum of 80 ECTS credits of Business Administration studies*or studies deemed by the LUT School of Business to be sufficiently corresponding studies is required
      • The completed studies must be composed of at least three different disciplines Business Administration.
      • Academic minor subjects in Business produced by another business school in another university can also be accepted
      • Courses completed more than 15 years ago will not be considered unless they are included in your degree.
  • Finnish University Degree or a Finnish Polytechnic Master's Degree in a field other than Business Administration
    • a minimum of 24 ECTS credits of Business Administration studies*or studies deemed by the LUT School of Business to be sufficiently corresponding studies is required
      • Academic minor subjects in Business produced by another business school in another university can also be accepted.
      • Courses completed more than 15 years ago will not be considered unless they are included in your degree.

* Studies in the following areas are referred to as studies in business administration: Accounting, Marketing, Finance, Management and Organisations, Business Law, Economics, Supply Management, Logistics and Knowledge Management. Studies in Methodology are also acceptable.

It is your responsibility to list your former business studies according to discipline on your application.

  • 1 ECTS credit = an average input of 26 hours of work (including lectures, home assignments, etc.)

NOTE: Please find the detailed information on the required previous studies at Admissions Criteria and Selection.

NOTE: You are NOT eligible to apply with a degree of Master in Science in Economics and Business Administration.

Applying as an Undergraduate

In case you are still studying or waiting to graduate, you are eligible to apply, but you must have completed your degree and mailed an officially certified copy of your Degree Certificate and Transcript of Records together with the official translations (if applicable), to Lappeenranta University of Technology / LUT Admissions Services by July 16, 2014.

Proficiency in English

You are required to present a language test certificate as proof of your English language skills. One of the following English language tests with the respective minimum scores is required:

  • TOEFL: 80 iBT or 550 PBT
  • IELTS: 6.0
  • Cambridge Certificate in Advanced English (CAE) or Cambridge Certificate of Proficiency in English (CPE): grade A, B or C
  • PTE Academic 54
  • NOTE: A language certificate from your home university is not accepted.

A language test certificate is not required from you if you have:

  • Completed your degree in English in a member state of the EU/EEA, Australia, Canada, New Zealand or the U.S.A.
    The fact that the language of education was English, must be mentioned in the degree certificate, appendix, transcript or in a separate official document provided by the institution of higher education.
  • Completed your degree in a Finnish university or university of applied sciences in Finnish, Swedish or English.

Your language test result has to be valid throughout the whole application period - meaning, that in case of your language test result should expire even for only one day before the application deadline, you will need to have a new language test certificate.

TOEFL, IELTS and PTE Academic language test certificates are valid for two years from the date of taking the test. CAE and CPE language tests must have been completed in 2005 or later, and their results are valid indefinitely.

Tuition Fee Per Year

  • EUR 10000 International
  • Free EU/EEA

Funding

LUT scholarships are academic excellence awards, targeting top students from all counties outside EU/EEA.

The student is able to apply for a scholarship while applying to the Master's Programme.

The scholarships are offered based on academic excellence. The candidates for scholarship receivers are selected by the academic units of LUT.

In intake 2017 LUT offers international degree students an extensive number of scholarships in three different categories:
  • Full Scholarship, covering the tuition fee and the living expenses
  • Tuition Fee Scholarship, covering 100 % of the tuition fee
  • Tuition Fee Scholarship, covering 50 % of the tuition fee

The scholarships offer you the possibility of being financially supported during your period of study at LUT. The aim of the LUT general scholarship programme is to help you with your tuition fee or to get financial support for your living expenses in adequately completing your studies at LUT. The student applies for a scholarship when applying to the Master's programme.

In the 2017 intake, all Master's programmes will offer extensive number of tuition fee scholarships and limited number of full scholarships.

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.

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