Economics, Master of Science (Economics and Business Administration)
Espoo, Finland
MSc
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
Jan 2027
TUITION FEES
EUR 15,000 / per year *
STUDY FORMAT
On-Campus
* international fee only; EU/EEA/Swiss citizens do not pay
Key Summary
About: Aalto University’s Master’s in Economics is 120 ECTS, 2 years full-time, taught in English. It includes a 30 ECTS Master’s thesis, electives and optional 24 ECTS minor or exchange courses with partner institutions. Majors include Economics, Research Master and Environmental and Energy Economics. Non‑EU/EEA tuition is €15,000 per year; a limited number of tuition‑waiver scholarships are available.
Career Outcomes: Graduates work in academia, private, public and international organisations. Typical roles include analyst, consultant, advisor, policymaker and researcher. The degree readies students for doctoral study and roles in economic consulting, policy analysis, data science, and energy or environmental policy abroad.
The Master’s Programme in Economics (120 ECTS, 2 years full-time) provides in-depth training in modern micro- and macroeconomics, econometrics and quantitative methods. The programme consists of 84 ECTS of programme studies (including a 30 ECTS Master’s thesis) and 36 ECTS of electives. Students may also complete a 24 ECTS minor through official exchange partners.
The programme is integrated into the Helsinki Graduate School of Economics (Aalto University, Hanken School of Economics, University of Helsinki) and students may take courses across these institutions and with UNU-WIDER. The programme offers three majors: Economics; Research Master in Economics (research/PhD-oriented); and Environmental and Energy Economics (focus on energy markets and policies). Teaching is in English. Non-EU/EEA citizens pay a tuition fee (€15,000 per academic year for Master’s studies); a limited number of tuition-waiver scholarships are available for fee-paying applicants based on the programme evaluation criteria.
Economics graduates can pursue careers in academia, the private and public sector, and international organisations. Typical entry-level roles include analysts, consultants, advisors, policymakers and researchers. Aalto University offers career services to support employment in Finland and abroad; the programme also serves as a strong foundation for doctoral studies.
The Master's Programme in Economics is 120 ECTS in total and normally completed in two years full-time. The degree comprises:
- Programme studies: 84 ECTS (includes Master’s Thesis of 30 ECTS)
- Electives: 36 ECTS
Students may take courses within the Helsinki Graduate School of Economics consortium (Aalto, University of Helsinki, Hanken) and with the Wider Institute (UNU-WIDER). Minor studies of 24 ECTS can be completed at official exchange partners.
Aalto University offers a limited number of tuition-fee waivers (scholarships) for fee-paying (non-EU/EEA) students. Scholarships are awarded to top applicants based on the programme evaluation criteria.