Finance, M.Sc.

  • Application Deadline
  • 24 months
  • English


Finance is ultimately about taking optimal and strategic decisions in an uncertain environment, which applies to all areas of business. A modern manager requires good insight into the drivers of the financial situation of an enterprise, which is intimately connected with its success. 

The Department of Finance at BI Norwegian Business School is ranked in the top ten in Europe, giving you a solid foundation as a starting point and an education that is recognised internationally.

What Will You Learn?

The purpose of the programme is to provide the best possible education and environment for the development of well-trained, knowledgeable and socially responsible professionals for finance and other related positions. At the same time, since Finance is a quantitative and analytical subject, students will develop these skills, which are transferrable to all other business disciplines. These skills form the basis for critically assessing problems and being able to make optimal and strategic decisions. The aim is to develop valuable individuals for corporations and society both in relation to current practices and designing a better future with the ability to adjust to new challenges with vision. The Master's programme in Finance has an applied focus. Students will develop IT and programming skills to meet the needs of an industry that is becoming increasingly technological.

Among the most popular topics, you will find:

  • Quantitative Methods for Finance:  You will be introduced to programming in MatLab, as there is increasing demand for finance candidates with technical skills
  • Applied Valuation: You will learn a range of valuation techniques, and when the different techniques should be used. The use of Bloomberg terminals will give you the skills you need for a career in the industry.
  • Investments: You will review the different financial assets available to the portfolio manager, the markets in which they trade, their risk-return characteristics, and how they are priced.


BI is an internationally recognized non-profit private institution and the only Norwegian business school with the prestigious international triple-crown accreditation: EQUIS, AACSB and AMBA.

Programme Structure

Courses include
  • Mathematics
  • Quantitative Methods for Finance
  • Economics for Finance
  • Theory of Financial Markets
  • Corporate Finance
  • Research Methodology in Finance
  • Applied Business Ethics
  • Investments
  • Applied Valuation
  • Financial Risk Management
  • Specialisation electives / Exchange / Internship
  • Master Thesis

                      Detailed Programme Facts

                      English Language Requirements

                      You only need to take one of these language tests:

                      • Minimum required score:


                        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:


                        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:


                        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:
                      Recommended score:

                      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).

                      A completed undergraduate bachelor's degree from an accredited institution of higher learning (minimum three years) in Business Administration, Management, Economics, Marketing, Finance and/or subjects relevant to the chosen area of specialisation.

                      • Apply Online: Complete the online application form.
                      • Upload official university/college transcripts and diplomas
                      • Provide a GMAT/GRE/CAT test score
                      • Provide a TOEFL/IELTS test score
                      • Write a motivation letter
                      • Include a Curriculum Vitae (CV)

                      International Students must also include the following in their application:

                      • A financial declaration. 
                      • Passport: Submit a copy of the identification page in your passport  

                      Tuition Fee

                      • International Applies to you

                        9920 EUR/year
                        Tuition Fee
                        Based on the original amount of 9920 EUR per year and a duration of 24 months.
                      • EU/EEA Applies to you

                        8710 EUR/year
                        Tuition Fee
                        Based on the original amount of 8710 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.
                      • Internal Applicants: NOK 78,600/ year
                      • External Applicants: NOK 89,500/ year.

                      Living costs for Oslo

                      • 8700 - 16000 NOK/month
                        Living Costs

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


                      The MSc International Scholarships range from partial to full tuition for the first year of studies. You might also receive the opportunity to renew for a second year. Some living expenses may be covered by a one-time stipend. The amount is set after a thorough individual assessment of each candidate.

                      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.

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