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Master’s Degree Programme in Finance

University of Vaasa
2 years
Full time
Master's degree
Scholarships available
On campus
University of Vaasa

Program description

Master’s Degree Programme in Finance

The EFMD accredited programme focuses on the theory of finance and financial analysis from an international perspective and provides an overview of corporate finance, investments, and option pricing.

The career prospects of finance graduates are excellent worldwide and the graduates from the Master’s Degree Programme in Finance have been very successful in their careers in Finland and internationally.

  • 52% of our students find a job before graduation
  • Over 100 companies recruited our graduates
  • 3,500 EUR average salary after graduation
  • 71 % percent of last year’s graduates are working fulltime

Some examples of the recruiting companies: PwC, Deloitte, Nordea, Nordic Investment Bank, Bank of Finland, Keva, Nokia, Ernst & Young, OP Financial Group, KONE, Mandatum Life, JP Morgan Chase & Co. and Wärtsilä.

Admission requirements

General requirements

The eligibility for studies in the Master's programmes is evaluated on the basis of your previous education. According to the Universities Act (558/2009), section 37, eligible for studies leading only to a higher university degree shall be a person who has:

  • an applicable lower university degree;
  • an applicable polytechnic degree; or
  • an applicable education completed abroad which in the awarding country gives eligibility for corresponding higher education.

Programme requirements

The applicants of the Master’s Degree Programme in Finance (120 ECTS) should have a Bachelor’s degree in an appropriate field when applying for admission to the programme. The appropriate fields include business studies, mathematics and statistics. The programme leads to a degree in Master of Science in Economics and Business Administration and approximately 20 students are accepted to the programme annually.


To be considered for admission to the Master's Programme in Finance, the applicant must fulfil the following criteria:

  • Scope of the degree: A 3- or 4-year Bachelor degree at university or polytechnic level
  • Prior studies at Bachelor level or higher in the core areas of the programme
  • Applicant’s performance (i.e. GPA) in previous studies, including the thesis or final report (i.e. the final assignment students must complete in circumstances where a thesis is not used).

The overall grade (GPA) and the grade of the thesis for a Bachelor’s degree from a university should be at least ‘good’ 3/5 (ECTS grading), or equivalent in the systems not using the ECTS.

The overall grade (GPA) and the grade of the thesis or final report for a Bachelor’s degree from a polytechnic or university of applied sciences should be at least ‘good’ 3/5 (ECTS grading).

  • English language proficiency as instructed in admission criteria


Applications that satisfy the above eligibility criteria will be put through a subsequent evaluation process that will determine which applicants are selected for admission to the programme. The criteria used in the selection process are listed below in order of importance. The selection process uses an objective system of points for the evaluation of candidates (in total 45 points). The weight of each of the criteria is the following:

  • Applicant’s amount of relevant prior studies and the performance in these (including the thesis or final work) (25 points)
  • Applicant's amount of international experience (work and/or study) (5 points)
  • Applicant's amount of work experience in areas relevant to the programme (5 points)
  • Applicant's motivation (10 points)

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Program content

1st year

Compulsory courses

  • Corporate Finance
  • Econometrics I
  • Finnish for Foreigners
  • Writing Academic English
  • Searching for Scientific Information I
  • Investments
  • Corporate Finance: Case Study
  • Introduction to Master’s Thesis in Finance
  • Research in Financial Analysis
  • Searching for Scientific Information II
  • Financial Derivatives and Risk Management
  • Research Proposal (Master’s Thesis)

2nd year

Compulsory courses

  • Corporate Responsibility and Ethics in Finance
  • Research in Financial Markets
  • (Master’s Thesis)
  • Philosophy of Science
  • Progress Report

Optional courses (1st and 2nd year)

  • International Banking
  • Fundamentals of Financial Modelling
  • Behavioral Finance
  • Quantitative Financial Data Analysis in Matlab
  • International Strategic Management
  • Regulation of Financial Systems
  • Asset Management and Hedge Funds
  • International Financial Reporting
  • Corporate Governance
  • Financial Statement Analysis and Valuation
  • International Finance
  • Macroprudential Policy and Financial Stability

Scholarships & funding

University of Vaasa offers a generous scholarship programme for students who are subject to tuition fees. Scholarships are applied for by choosing the scholarship option in the application form to the programme. Students are informed about possible scholarships together with the admission results.

First Year Scholarship - University of Vaasa Global Student Scholarship

  • Each Master’s programme will provide one 100% tuition fee waiver to the best ranked tuition fee subjected student based on the previous academic merits reviewed during application process.
  • Each Master’s programme will also provide five 50% tuition fee waivers to the second, third, fourth, fifth and sixth best ranked tuition fee subjected students based on the previous academic merits reviewed during application process.
  • All first year scholarships include a conditional second year scholarship (see below).
  • Scholarships are personal and linked to the acceptance of the offered study place. They do not transfer to other universities.

Second Year Scholarship - University of Vaasa Global Student Award for Academic Excellence

  • Every student proceeding with the studies in the target time (approximately 55 ECTS during the first year) is entitled to a 50% tuition fee waiver for the second year.
  • If the student was granted a first year scholarship to the programme, the second year scholarship is included as long as the studies are proceeding in the target time.
  • Student who does not have a first year scholarship can apply for the second year scholarship during the studies. Details for the second year scholarships will be communicated to the students during their first year.

Tuition fees

You will not need to pay tuition fee if you:

  • Are EU/EEA citizen
  • Are equivalent to EU/EEA citizen (i.e. citizen of Switzerland)
  • Are residing in Finland on a permanent basis
  • Have an EU Blue Card

Contact school

Want to know more about this program, Master’s Degree Programme in Finance? Fill out the following form and include any questions you have. This information will be sent directly to the school, and a representative will respond to your enquiry.


About this institute

University of Vaasa

The University of Vaasa on the west coast of Finland is one of the most international universities in Finland. The accredited programmes in business and technology attract students from around the world. Friendly atmosphere combined with top-quality education provide you...

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Why study at University of Vaasa

  • University of Vaasa is the largest energy hub in Nordic countries with 140 companies and 11,000 employees in the energy industry
  • The employment rate is the best in Finland.
  • We have close ties with the businesses of the region and use actual case studies in our teaching combining theoretical knowledge with practical examples.
  • Our university is an international and close community.
  • Our students think that our university has a good spirit of togetherness and a great atmosphere.

Contact info

University of Vaasa

Wolffintie 34
FI-65200 Vaasa

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Contact school

Want to know more about Master’s Degree Programme in Finance? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.


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