University of Jyväskylä

Banking and International Finance, M.Sc.

  • Application Deadline
  • 24 months
  • English
The Master's Degree Program in Banking and International Finance at the School of Business and Economics of the University of Jyväskylä provides an interdisciplinary degree and a strong quantitatively oriented background for the students to serve as professionals especially in financial markets, banking and other duties in the fields of economics and finance requiring highly analytical performance.



Prominent job market positions for the graduates from the BIF programme are central bank and other bank economists, analysts, bank managers, and other researcher, specialist and manager positions in the service of research institutions and financial sector in general.

Postgraduate study opportunities

Completing the BIF programme gives graduates the possibility to apply for doctoral studies for example in the doctoral program of the Graduate School of Finance,or after completing some advanced level courses in economics outside the curriculum of the BIF programme, also in the Finnish Doctoral Program in Economics .

The Banking and International Finance programme is offered by the University of Jyväskylä.

Programme Structure

Courses include:

  • Principles of Banking
  • Applied Time Series Analysis for Financial Economics
  • Investment and Asset Pricing
  • Derivatives
  • International Finance
  • Corporate Finance
  • Financial Statement Analysis and Valuation
  • Master’s Thesis
  • Master’s Thesis Seminar
  • Maturity Examination

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 (Grade A):


    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

The admission requirements for the Master's Degree Programme in Banking and International Finance are:
  • Bachelor's degree or a polytechnic degree in business studies, environmental studies, environmental technology, or in other applicable studies. If the degree has not been completed at the time of application, an official university statement indicating the approximate date of graduation will be accepted.

Tuition Fee

  • International Applies to you

    10000 EUR/year
    Tuition Fee
    Based on the original amount of 10000 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.

Living costs for Jyväskylä

  • 700 - 1100 EUR/month
    Living Costs

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


Check the programme website for information about funding options.

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.