MSc in Economics and Business Administration - Finance


Program Description

About the Program

  • Language: English
  • Place of study: Aarhus
  • Commencement: August / September (no winter intake)


MSc in Economics and Business Administration - Finance is general university education in finance. It provides students with thorough knowledge of and competence in finance. Upon graduation, our students are expected to begin careers in financial institutions, regulatory bodies, consulting businesses or finance departments in non-financial companies.

The program has a clearly defined structure with a focus on global finance, making the program relevant to all international students. The global financial markets are highly developed and integrated and because of this complexity and sophistication, there is an increasing demand for graduates with university degrees in finance. Therefore, the program is perfect for students seeking a career in finance, within a global setting.

The ultimate ambition of the program is to prepare our students, in terms of making the right decisions at the right time; this ability requires excellent analytical skills and a talent for embracing all relevant data, as well as cultural issues.

Finance and other advanced research areas are based on statistical and mathematical models. It is, therefore, an advantage for students to be familiar with these areas before they begin the program. The models are integrated into the courses so that the students study the models in relation to their applications. It is our experience that the learning outcome is much higher when the models are part of the various courses.

The latest research in finance is integrated into the program and many of the professors are internationally well-known teachers and researchers. Our program also uses external lecturers from local financial institutions as well as visiting faculty members from internationally acclaimed universities.

Admission Requirements

Students that hold a Bachelor of Science degree in Economics and Business Administration (HA) or variants hereof from Aarhus University can pursue direct admission to the MSc programs in Economics and Business Administration after they complete their Bachelor’s degree program.

If you hold a Bachelor’s degree in Economics and Business Administration, Bsc (HA) from one of the Danish universities, you fulfill the specific admission requirement for the Master’s degree programs in Economics and Business Administration (cand.merc.).

If you hold a Graduate Diploma in Business Administration (HD), you can also pursue admission to the MSc programs in Economics and Business Administration. However, it is required that you complete supplementary courses corresponding to 20 ECTS.

Students that Hold a Degree from Another University

If you hold a degree from another university, your qualifications will be assessed once you have applied for admission. You can also have your qualifications pre-assessed by Aarhus University, Admission between 1 September and 31 October in order to find out if you meet the admission requirements. Please contact for further information about pre-assessments between 1 September and 31 October. The assessment will prioritize the sufficient content of the following subjects and ECTS-points:

  • Quantitative and Qualitative Methods: 15 ECTS
  • Managerial Economics and Operations Management: 15 ECTS
  • Marketing: 7,5 ECTS
  • Finance and Accounting: 15 ECTS
  • Organization- and Leadership Theory: 7,5 ECTS
  • Microeconomics: 5 ECTS
  • Additional ECTS points within the abovementioned areas: 15 ECTS
  • Total ECTS within Economics and Business Administration: 80 ECTS
Language Requirements

Since English is the language of instruction in all subjects, all applicants are required to provide evidence of their English language proficiency.

Program Structure

The study program consists of two semesters in the first year which cover the compulsory courses in the program specialization and two semesters in the last year which are reserved for the student's own specialization.

In the first semester, you follow the prerequisite courses that form the methodological and academic basis for the further study program.

In the second semester, you follow the specialization courses of the program.

In the third semester, you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at the Summer University or at one of our more than 300 partner universities abroad. You can also participate in project-based internship programs either in Denmark or abroad.

The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and so get a chance to concentrate on and specialize in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort.

Student Life

Learning in an International Context

At Aarhus BSS, we conduct research at the highest academic level.

All researchers employed are engaged in research projects covering a wide range of different subjects and focusing on knowledge and skills considered essential for professional business activities in the global marketplace. All faculty have both research and teaching responsibilities, which means that our teaching is continually based on the latest research results.

Aarhus BSS is very internationally oriented. The broad scope of our research activities and educational programs enable us to attract researchers, teachers, and students from all over the world, and this creates an international environment for research and learning in which academic views are exchanged, experiences are gathered and friendships are formed.

Aarhus University is a leading university in Denmark in building student exchange opportunities. The university encourages all students to spend time studying abroad. Every year, more than 700 students from Aarhus BSS go abroad to participate in exchange programs around the world at our more than 300 partner universities. About the same number of students from all over the world come to participate in the exchange program in Aarhus, and this contributes to a truly international learning atmosphere.

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Job Opportunities

An MSc in Finance opens up for various job opportunities in the financial sector.

The study program also provides an excellent basis for a subsequent Ph.D. program.

In addition, the program offers the chance of employment in the finance departments of other types of enterprises. Finally, an increasing number of graduates find employment in the consultancy industry, both domestically and abroad.

The last few years have seen a highly pronounced increase in the demand for graduates from the finance programs.

Profile of Competencies

The research-based MSc study program in Economics and Business Administration builds on the competencies and insights acquired in the BSc study program in Economics and Business Administration.

The study program provides the graduate with specialist knowledge within the disciplines of the study program, which gives the graduate high academic qualifications to develop solutions to issues pertaining to business administration in companies and organizations in the public and private sectors.

The study program also qualifies the graduate for further studies, including Ph.D. studies.

Through the study program, the graduate has acquired knowledge that enables the graduate to

  • Understand how prices on financial assets such as stocks, bonds and derivatives are determined and analyze their price behavior using appropriate quantitative methods.
  • Understand and analyze investment and financing decisions in a non-financial corporation.
  • Solve managerial tasks of financial institutions and understand how trading is facilitated in financial markets.
  • Understand and consider knowledge pertaining to the various disciplines as well as identifying academic issues
  • Master the scientific methodologies and tools of the various disciplines as well as mastering general skills associated with employment within the areas studied
  • Assess and choose among the scientific methodologies and tools of the various disciplines as well as developing new analysis and solution models
  • Discuss professional and academic issues with both specialists and laymen
  • Manage work and development situations that are complex, unpredictable and require new solution models
  • Initiate and carry out, on an independent basis, monodisciplinary and interdisciplinary collaboration and take professional responsibility
  • Take responsibility, on an independent basis, for own professional development and specialization
From Studies to the First Job

”Be proactive in your job search and be open to different alternatives.” (MSc in Finance)

“You should not expect huge tasks from the start but if you keep at it then the opportunities will come.” (MSc in Finance)

”Ask questions and update your knowledge constantly. Use your network.” (MSc in Finance)

Last updated Sep 2019

About the School

Aarhus University is an academically diverse and strongly research-oriented institution that creates and shares knowledge. The university was founded in 1928 and today it has several world class resea ... Read More

Aarhus University is an academically diverse and strongly research-oriented institution that creates and shares knowledge. The university was founded in 1928 and today it has several world class research fields. Read less
Aarhus , Herning , Copenhagen , Emdrup , Beijing + 4 More Less