Accounting, M.Sc.

  • Application Deadline
  • 24 months
  • English (book IELTS)
University rank #190 (WUR) ,
The Master’s Programme in Accounting provides students with in-depth expertise in the production and use of financial information. This programme is offered by Aalto University.


Accounting is in the heart of businesses, and a critical part of financially sound, workable solutions to often complex and ambiguous managerial challenges. The Master’s Programme in Accounting gives you the opportunity to learn invaluable tools for succeeding in the often turbulent contemporary organisations.

In the Master’s Programme in Accounting, you can specialise in management accounting or financial accounting:

Management accounting helps you learn how to prepare and use financial and non-financial informationto serve the needs of managerial control and decision-making. The core topics in this area of specialisation include

  • accounting for management control
  • strategic management accounting
  • capital investment decisions, and
  • management accounting information systems

Financial accounting helps you learn how to prepare and use financial statement information to serve the needs of outside stakeholders, especially the decision making of debt and equity holders. The core topics in this area of specialisation include

  • theories of financial statements
  • international and national accounting standards
  • issues in group accounting and consolidated financial statements, and
  • auditing theory and practice

In both specialisation areas, you also gain knowledge and expertise in issues such as

  • financial statement analysis
  • company law
  • financial institutions
  • corporate governance, and
  • different research methodologies
Learning outcomes

The Master’s Programme in Accounting gives you a leading-edge education in how to produce and use financial information for the benefit of organisations, stakeholders, and the broader society.

Upon graduating from the programme, you will be able to

  • generate, analyse, interpret and communicate financial information for both managerial purposes and the needs of outside stakeholders
  • contribute effectively to the development of management information systems
  • impact and contribute to the strategic and operative decision making of the management
 The Accounting programme is offered by Aalto University.

Programme Structure

Courses Included:

  • Financial Statement Analysis
  • Research Methods in Accounting
  • Capstone: Accounting
  • Master's Thesis
  •  Seminar
  • Hackathon Project
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:


    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):


    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:


    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: 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.

  • An appropriate Bachelor´s degree or an equivalent qualification.

To be considered for admission, the applicant must have completed at least 30 ECTS credits of studies in Accounting and/or closely related subjects. The studies must include:

  • a minimum of two courses (at least 12 ECTS credits in total) in financial accounting, and
  • a minimum of two courses (at least 12 ECTS credits in total) in management accounting, and
  • a minimum of one course (6 ECTS credits in total) in financial accounting, management accounting, corporate finance, or business law.
Applicants with a GPA lower than 3.50 are not eligible for admission.

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

    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.

Citizens of EU/EEA countries are not required to pay tuition fees while studying towards a degree at Aalto University.

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.


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.